Golden Gains in Jewellery Stocks Over the past six months, jewellery stocks have seen significant price surges. Nine jewellery stocks, each with a market cap of over Rs 1,000 crore, have risen by over 50%, with four becoming multibaggers, offering investors substantial returns. Titan Company, while experiencing a steady growth trend, has shown relatively flat […]
Cement shares jump 5% as ICICI Securities upgrades UltraTech and four others.
ICICI Securities has upgraded its outlook on the cement sector from neutral to positive, citing improved market fundamentals. This change is driven by reduced competitive pressures following recent mergers and acquisitions, favorable pricing trends, and robust capacity expansions. The announcement sparked a rally in cement stocks, with shares of major manufacturers surging over 5% on […]
After a two-year pause, SoftBank is reshaping its strategy in India.
During quarterly earnings call earlier this month, Yoshimitsu Goto, CFO of Japan’s SoftBank Group, shared the company’s updated investment strategy. After two years in “defensive mode,” SoftBank, one of the world’s leading tech investors, is now set to increase its investment activity. The focus remains on artificial intelligence (AI), as it has been for the […]
India’s GDP growth slows to 5.4% in Q2 FY25 due to weak consumption.
India’s GDP growth slowed to 5.4% in Q2 FY25, down from 8.1% in the same period last year and 6.7% in the previous quarter, as per government data. Economists had forecasted growth of 6.5%, lower than the RBI’s 7% estimate. Sector-wise, Real Gross Value Added (GVA) grew by 5.6%, down from 7.7% last year. Key […]
Adani wipeout impacts, but won’t shake foreign investor confidence in India.
Global investors believe that while the bribery charges against the Adani Group may temporarily impact sentiment in India, they won’t affect the country’s long-term investment outlook. Allegations from the U.S., denied by Adani, accuse the conglomerate of paying bribes and misleading disclosures, causing a dip in the group’s stock and bond values. Despite concerns over […]
EasyJet earns a record $4.5 billion from fare add-ons as CEO criticizes ‘unfair’ penalty on the practice.
EasyJet reported £3.59 billion ($4.5 billion) in revenue from flight and holiday add-ons like extra baggage in the year to October, a 22% increase from the previous year. The airline’s ancillary revenue from flights reached a record £2.46 billion. As airlines face competition to keep base fares low, they have increasingly relied on add-ons for […]
Gautam Adani suffers a ₹2.45 lakh crore loss in hours.
Adani Group stocks plunged on Thursday, wiping out ₹2.45 lakh crore in market value after US prosecutors alleged Gautam Adani was involved in a $250 million bribery scheme for solar power contracts. Key stocks, including Adani Enterprises, Adani Ports, and Adani Energy Solutions, saw declines of 20-23%. Other group companies like Adani Green Energy, Adani […]
Mukesh Ambani shakes up the market with Reliance-Disney+HotStar plans starting at Rs…
R Mukesh Ambani’s Reliance Group has introduced new subscription plans for Reliance-Disney+Hotstar after the merger. Starting at Rs 57, the plans offer a range of options to suit various user preferences. The plans, “Star Premium” and “Star Value,” are available in multiple languages, including Hindi, Malayalam, Tamil, Telugu, Kannada, Bengali, Marathi, and Gujarati. The Star […]
Zomato partners with NSE to conduct financial literacy workshops for food delivery partners.
Deepinder Goyal-led Zomato has partnered with the National Stock Exchange of India (NSE India) to promote financial literacy among its food delivery partners. As part of the partnership, Both NSE and Zomato will host financial literacy workshops pan-India to educate the delivery partner community on nuances of personal finance management. The move comes after recent […]
GRAP-IV starts in Delhi today, banning truck entries and restricting some vehicle operations.
Delhi has imposed stricter anti-pollution measures under GRAP-IV after the Air Quality Index (AQI) crossed the “severe plus” threshold at 457 on Sunday evening. Starting Monday, November 18, the restrictions include a ban on all truck entries, except those providing essential services, and a halt on the operation of BS-IV and lower diesel-run Medium and […]
