Buisiness

Analysts anticipate further market recovery, supported by positive FII sentiment and sustained domestic investments. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, rose in opening trade on Thursday. While BSE Sensex rallied over 400 points, Nifty50 crossed the 23,000 mark. At 9:18 AM, BSE Sensex was trading at 75,829.02,…

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the incentive scheme for low-value BHIM-UPI transactions with an estimated outlay of Rs 1,500 crore. MUMBAI: The Union cabinet on Wednesday approved an incentive scheme to promote low-value BHIM-UPI transactions, focusing on payments made to merchants. The Rs 1,500 crore initiative, running from…

Top stocks to buy (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, LIC Housing Finance, Bank of Baroda and UPL are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for March 20,…

Top stocks to buy (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, BHEL, Astrazeneca Pharma and Maruti Suzuki India are the top stock picks for today:BHEL: BUY Near ₹200 | Stop Loss: ₹175 | Target: ₹250The stock has confirmed an inverse Head and Shoulders…

MUMBAI: In a significant decision, the Income Tax Appellate Tribunal (ITAT), Mumbai bench, distinguished between a legal owner (an individual whose name is merely added on purchase of a property, say a spouse or brother) and a beneficial owner (to whom it actually belongs).The ITAT emphasized that merely having a name on a property title…

Google parent Alphabet agreed to acquire cloud security firm Wiz for $32 billion in cash, reaching a deal less than a year after initial negotiations fell apart because the cloud-computing startup wanted to stay independent.Wiz will join the Google Cloud business once the deal closes, the companies said in a statement on Tuesday. The takeover…

MUMBAI: PhysicsWallah has filed draft IPO papers with Sebi through the confidential filing route, sources said. The company’s targeted $500 million (about Rs 4,600 crore) IPO will comprise a mix of fresh issue of shares and an offer for sale (OFS) component. PhysicsWallah declined to comment.Startups, which are eyeing public listing, are increasingly opting for…

XRP saw a surge after Ripple CEO Brad Garlinghouse revealed that the US Securities and Exchange Commission (SEC) is no longer pursuing its appeal in the ongoing legal case against the payments company. As a result, XRP’s price jumped nearly 11%, reaching $2.52.Speaking at the Digital Assets Summit in New York on Wednesday morning, Garlinghouse…

The US Federal Reserve faces a more complex scenario in its current decision-making process. (File AP Photo) The US Federal Reserve kept the benchmark rate unchanged in the 4.25-4.5% range in its meeting today. “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to…

Ashok Hinduja (File photo) To List Insurance Arms In 2 Years, Plans RebrandingMUMBAI : IndusInd International Holdings (IIHL) has completed the Rs 9,650-crore acquisition of Anil Ambani-promoted Reliance Capital under the insolvency process after transferring funds to the committee of creditors. The Mauritius-based Hinduja-led company plans to list Reliance’s insurance arms within two years.Ashok Hinduja,…