Buisiness

National Company Law Appellate Tribunal (NCLAT) on Monday dismissed petitions challenging ICICI Securities’ delisting process from stock exchanges.It said the failed to demonstrate any illegality in either the process followed for sanctioning the scheme or in the terms of the plan itself.A two-member NCLAT bench said the petitioners did not have requisite shareholding and were…

CHENNAI: Recovery in rural consumption will be faster than the urban areas, said Godrej Consumer Products (GCPL) MD & CEO Sudhir Sitapati.“Rural markets have actually picked up, but they got compensated by a very poor urban performance in Q3 (FY25). Our anticipation is rural recovery will be faster than the urban recovery. There were some…

Multiple brokerages have reduced their ratings and price targets. IndusInd Bank’s shares dropped 20% on Tuesday, reaching a new 52-week low of Rs 720.50. Multiple brokerages have reduced their ratings and price targets following the discovery of accounting irregularities in the bank’s forex derivatives portfolio. On the BSE, IndusInd Bank’s shares plunged 22.8 per cent,…

According to reports, Tesla still trades at huge premiums, as measured by forward price-to-earnings ratios. March 10 was a brutal day for Elon Musk-the world’s wealthiest person . Tesla’s stock took a sharp nosedive, his social media platform X (formerly Twitter) suffered widespread outages due to what he called a “massive cyberattack,” and protests against…

Jim Walker made a strong recommendation for Indian stock markets, urging investors to significantly increase their exposure. Jim Walker, Chief Economist at Aletheia Capital, known for predicting the 2008 financial crisis, has shared four key global forecasts for 2025: a 10% decline in the U.S. dollar value, an economic slowdown that will be difficult but…

NEW DELHI: Government on Monday sought Parliamentary approval for additional spending, including a cash outgo of over Rs 51,000 crore, with large chunks going towards fertiliser subsidy and pension. Over Rs 14,000 crore is proposed to be spent towards higher fertiliser subsidy, according to the second supplementary demand for grants tabled in Parliament.Permission to make…

According to Ajit Mishra at Religare Broking, mixed global cues and underperformance of banking index remain key hurdles. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Tuesday. While BSE Sensex sunk over 400 points, Nifty50 was below 22,350. At 9:16 AM, BSE Sensex was trading…

Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, HUL and SBI Card are the top stocks to buy today:HUL – Buy in the range between Rs 2230 & Rs 2260; Stoploss: Rs 2189; Target: Rs 2420HUL (Hindustan Unilever Limited) has…

People work on the floor at the New York Stock Exchange in New York. (File photo) US stocks tumbled Monday as ongoing tariff disputes and concerns over a potential federal government shutdown fueled fears of a looming recession.Last week’s sharp selloff continued, gaining steam throughout the session, with all three major indexes posting steep losses.The…

Almost every day, Grant Lee, a Silicon Valley entrepreneur, hears from investors who try to persuade him to take their money. Some have even sent him and his co-founders personalised gift baskets.Lee, 41, would normally be flattered. In the past, a fast-growing startup like Gamma, an artificial intelligence company he helped establish in 2020, would…