Buisiness

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,…

NEW DELHI: Armed with fresh capital, debt-laden Vodafone Idea is finally launching 5G services from Wednesday — more than two-and-a-half years after rivals Airtel and Reliance Jio — and will roll out the high-speed network in Mumbai first, thereafter expanding to Delhi, Bengaluru, Chandigarh, Patna and Mysore by end of next month.The company said it…

Indian Railways intends to purchase 3 GW of renewable energy, including hydropower, alongside 3 GW of thermal and nuclear power in 2030. (AI image) The Indian Railways has begun consultations with the Department of Atomic Energy (DAE) and power ministry regarding the establishment of small nuclear power facilities to meet its energy needs, supporting its…

Hero’s market position has deteriorated to its lowest point in ten years. Several senior executives at Hero MotoCorp have reportedly resigned amidst growing challenges for India’s leading two-wheeler manufacturer by volume. Sources familiar with the situation told ET that these resignations have occurred within the past few days.This exodus follows a month after the company’s…