Citigroup's K Balasubramanian forecasts $100 billion in foreign investments in India for high-tech manufacturing, infrastructure, and climate projects, aiding net-zero goals.
India Budget: Prime Minister Narendra Modi faces a jobs crisis and must decide the fate of India's factories in the upcoming budget. Protectionist policies risk hindering India's integration into global supply chains, leaving production reliant on Chinese and Vietnamese parts. A shift in industrial policy is needed to seize opportunities and revive manufacturing.
Indian indices Sensex and Nifty50 peaked at record highs of 81,587 and 24,850 before dropping, dragged by energy and financial stocks. Sensex rose 146 points, Nifty50 gained 59 points. Infosys surged 3% post US share hike, boosting FY25 outlook. Tech Mahindra, Power Grid, Tata Steel, NTPC, JSW Steel lagged. HCL Tech, Asian Paints, HDFC Bank benefited from demand recovery.
Peter Lynch, renowned for his growth at a reasonable price approach to investing, is closely linked with the PEG ratio, assessing PE ratios relative to growth rates.
SpiceJet announced plans to raise fresh capital through a Qualified Institutional Placement (QIP), subject to regulatory and shareholder approvals. The move aims to issue eligible securities to qualified institutional buyers as per SEBI regulations. Post the announcement, SpiceJet's shares surged approximately 4% to Rs 58.
Ujjivan Small Finance Bank Ltd., incorporated in the year 2016, is a banking company (having a market cap of Rs 8400.88 Crore).
Donald Trump's campaign to return to the White House is very much a family affair, with his sons Donald Jr. and Eric playing key roles. They have been omnipresent at the Republican National Convention in Milwaukee, appearing alongside their father at most public events. During Trump's first term from 2017 to 2021, his sons were instrumental in helping him make critical decisions, and they continue to ensure that party leadership is filled with loyal allies.
On the West Bengal government constituting a special seven-member committee to scrutinise the three new criminal laws, Union Minister and West Bengal BJP President Sukanta Majumdar lashed out at the TMC government on Friday, saying that they are violating and insulting the Constitution.
ICICI Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2023.
The train derailed near Gonda station in between Motiganj and Jhilahi railway station under the jurisdiction of North Eastern Railway at about 2:37 pm. As many as 4-5 coaches of the Dibrugarh Express train from the front got derailed.
L&T Finance Ltd., incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 45954.97 Crore) operating in NBFC sector.
The Competition Commission of India (CCI) has approved two major acquisitions involving Arjas Steel Private Limited (ASPL) and its wholly owned subsidiary, Arjas Modern Steel Private Limited (AMSPL). The acquisition will be carried out indirectly by The Sandur Manganese & Iron Ores Limited (SMIORE) and BAG Holdings Private Limited (BHPL), as per an official statement by CCI.
During the Monsoon Session of Parliament, starting July 22 and ending August 12, six new bills will be introduced, including an amendment to the disaster management law and a bill to replace the Aircraft Act of 1934 for the civil aviation sector. The list of bills, published by the Lok Sabha secretariat, also includes the Finance Bill, the Boilers Bill, the Coffee (Promotion and Development) Bill, and the Rubber (Promotion and Development) Bill.
L&T Technology Services Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 51326.69 Crore) operating in IT Software sector.
JSW Infrastructure Ltd., incorporated in the year 2006, is a Small Cap company (having a market cap of Rs 70581.05 Crore) operating in Shipping sector.
On the stump, Trump typically paints a dark portrait of America, railing against political opponents he says are corrupt, depraved and bent on destroying the country. But in his convention speech on Thursday, he tried out a new theme that he and advisers had hinted was coming: unity.
Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 729947.37 Crore) operating in IT Software sector.
Citi has maintained a neutral rating on Infosys but increased the target price significantly from Rs 1,550 to Rs 1,850. This suggests they expect the stock price to rise, albeit without a strong buy recommendation. The guidance for future revenue growth was revised to 3-4%, partly due to recent acquisitions.
The budget is likely to maintain its fiscal consolidation and borrowing targets, as per the announcement made in the Interim budget in February. We expect continuation on the policy front and the messaging to be consistent with previous budgets.
US President Joe Biden is expected to meet Israeli Prime Minister Benjamin Netanyahu in Washington next week, contingent on Biden's recovery from COVID-19. National Security Council spokesman John Kirby expressed optimism about the meeting but emphasized that the president's health is the priority.
Congress will convene significant meetings today in Mumbai to strategize for the upcoming assembly polls in Maharashtra. Senior party leaders will attend the session chaired by General Secretary (organisation) KC Venugopal, along with Ramesh Chenithalla, the AICC Incharge of Maharashtra.
Dividends are paid to shareholders whose names are listed on the record date in the company's database. With the T+1 framework, the record date typically aligns with the ex-date, except when a market holiday follows the ex-date. Shareholders who buy the stock at least one day before the ex-date qualify for dividends, settled the next day.
