HCC ₹1,000 Crore Rights Issue: Check entitlement, record date, other details here
Existing shareholders of HCC will be entitled to 277 rights equity shares for every 630 fully paid-up equity shares held as on the record date.
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GMR Airports have 20% upside, BofA predicts citing four catalysts
The brokerage said GMR Airports is well-positioned for strong earnings growth, supported by rising travel demand in India, a steady ramp-up in non-aero and real-estate revenues, and favourable legal outcomes.
Auto sales remain in high gear, November sees broad-based growth
The two-wheeler segment witnessed several positive surprises, though the performance was mixed underneath the headline numbers. The passenger vehicle (PV) segment witnessed strong traction as well, driven by sustained demand for SUVs and continued strength in entry-level models. The commercial…
Indian IT could lose out as automation speeds up, says Neuberger Berman
Conrad Saldanha, Managing Director and Portfolio Manager at Neuberger Berman said India still has a long runway in AI infrastructure, pointing to Nvidia’s discussions around future data centre capacity. “One gigawatt is scratching the surface,” he said, indicating that early…
Indian Rupee falls to a new record low of 89.85 against the US Dollar; Here’s what experts said
Anindya Banerjee of Kotak Securities said that so far, there has been no major intervention that has been observed by the Reserve Bank of India (RBI).
NSE Weight Concentration Guidelines: Here’s how the Nifty Bank will be impacted
According to Nuvama Alternative & Quantitative Research, HDFC Bank, which currently has a weightage of 27.5% on the Nifty Bank, will see its weightage drop to 18.9% in four tranches. Similarly, ICICI Bank’s current weightage of 23.1% will drop to…
Nomura sets Nifty target of 29,300 for 2026-end; Highlights 20 top picks for the year
ICICI Bank, Infosys, Bajaj Finance are among the 20 stock picks that Nomura has highlighted as part of its India strategy, which has projected a Nifty 50 target of 29,300.
Vodafone Idea shares in focus in anticipation of AGR relief measures by end of this year
Union telecom minister Jyotiraditya Scindia said told CNBC-TV18 on Monday that the Centre is awaiting a formal request from the telecom company before moving ahead on any relief measures, adding that the Supreme Court judgment is recent and needs careful…
India’s banks poised for re-rating, top picks have up to 31% upside: Nomura
Nomura prefers banks with stronger return profiles, cleaner balance sheets and a solid liability franchise. Its top picks are Axis Bank, ICICI Bank and State Bank of India.
Tata Communications shares in focus after unit buys 51% stake in US-based AI firm for ₹227 crore
Out of the total consideration of $25.5 million, $15.5 million will be used towards purchase of stock from the founders and other external investors of Commotion Inc., while the remaining $10 million will be a capital investment in the company.