Axis Securities recommends buying Infosys shares with a target price of Rs 2335. The current market price is Rs 1907. Infosys is a large-cap company operating in the IT Software sector. For the latest quarter, it reported a total income of Rs 41698 crore and a net profit of Rs 6516 crore.
Shares of ITC Hotels will initially list on the BSE and NSE in a dummy format. This is to minimize the impact of the demerger on Sensex and Nifty levels. The official listing will occur in a few weeks. Investors will receive one ITC Hotels share for every ten ITC shares they hold.
Under a 30-year concession agreement, IOC will operate fuel stations at three key locations within the airport: near the main western access road for passengers, at the airside for airport operations, and close to the eastern cargo precinct, as reported by ET earlier.
South Korean authorities failed to arrest impeached President Yoon Suk Yeol on Friday after his martial law declaration. Protesters and presidential security forces blocked the Corruption Investigation Office officials. Investigators had to call off the arrest attempt due to safety concerns. Yoon's lawyer claimed the arrest warrant was invalid and threatened legal action.
India had a strong year for initial public offerings. Seven entrepreneurs became billionaires, especially in renewable energy. Companies like Premier Energies benefitted from government investments. Despite headwinds, 2025 could see more IPOs. Sectors expected to list include financial services, electronic manufacturers, and software companies. Domestic investors are confident and continue to drive the market.
Former cricketers Sunil Gavaskar and Ravi Shastri suggest that the Boxing Day Test could be Rohit Sharma's last in Test cricket as he opted out of the series finale due to poor form. Shastri commended Rohit’s team-first approach, while criticism arose over the lack of clarity surrounding his decision.
Motilal Oswal Financial Services recommends buying Avenue Supermarts stock, setting a target price of Rs 5,300 against its current price of Rs 3,580. Avenue Supermarts has shown a growth in total income and net profit in the latest quarter. Promoters hold a 74.65% stake in the company as of September 2024.
Wingtech, the Chinese parent company of Nexperia, plans to sell almost half of its business and concentrate more on chipmaking. The company said in a filing that the reason for this is the "changes in the geopolitical environment." Less than a month ago, the firm was added to the U.S. government's "entity" list as an investor involved in Chinese government efforts to acquire sensitive chipmaking technology.
Bharti Airtel's shares could remain in focus as the company acquires a 26% stake in AMP Energy Green Three by purchasing 3.79 crore shares. The transaction is valued at Rs 37.89 crore. AMP Energy Green Three is developing a 50 MW hybrid wind and solar power plant in Rajasthan.
Lupin shares continue to rise, trading at a new 52-week high of Rs 2,376 after a 15% return over two weeks. The Nifty Pharma index's December outperformance highlights buying interest in pharma stocks amid market uncertainty. Analysts recommend buying on dips towards Rs 2,300 with targets around Rs 2,500 as bullish patterns and strong market share bolster Lupin's investment appeal.
The market for satellite TV rights of Hindi films has plunged over 50% post-pandemic due to streaming platforms overtaking as the second release window. Values have dropped significantly, with fewer films being sold on both TV and streaming. Producers focus on digital rights deals while TV channels adapt to diminishing returns and changing audience preferences.
US President Joe Biden stated that the New Orleans attacker, Shamsud Din Jabbar, used a remote detonator to set off IEDs before ramming his car into a crowd. The attack resulted in 15 deaths. The attacker was identified as an ISIS supporter. No links have been found between this attack and the Las Vegas Cybertruck explosion.
Shares of state-run MOIL have surged by 6% in today's trading session, reaching a peak of Rs 359.35 on the BSE. This boost follows the company’s announcement on Friday that it has achieved its best-ever performance for both Q3 and the first nine months of the fiscal year, ending December 31, 2024.
DMart share price: Avenue Supermarts, which runs DMart stores, saw its shares rise 15% after it reported a 17% increase in standalone revenue for the December 2024 quarter. Revenue for this period was Rs 15,565.23 crore, up from Rs 13,247.33 crore last year. DMart now operates 387 stores.
A small plane crashed into a Southern California furniture manufacturing building, killing two people and injuring 18. The plane had just taken off from Fullerton Municipal Airport and was seen tilted on its side before crashing. The cause of the crash is yet to be determined, and emergency services responded quickly to the incident.
Trump has enlisted several prominent figures from Silicon Valley, including David Sacks, who will serve as the White House's AI and crypto czar, and Sriram Krishnan, appointed as Senior Policy Advisor for Artificial Intelligence. Asha Jadeja Motwani, an early investor in Google, said that she is excited to work with them and that there is a need for "someone who understands the strategic importance of American technology leadership in a hostile world."
Shubman Gill's dismissal on the last ball before lunch leaves India at 57 for three on the opening day of the fifth Test against Australia. Despite efforts by Gill and KL Rahul, the top order struggles continue. Virat Kohli narrowly survives a first-ball duck and fights to stabilize the innings.
Indian Railway Finance Corporation (IRFC) formed a significant partnership with Railway Energy Management Company Ltd (REMCL) to finance renewable energy projects for Indian Railways, aiming to reduce reliance on fossil fuels and achieve net-zero carbon emissions by 2030. IRFC shares have experienced substantial growth over the past two years.
The United Steelworkers union has raised concerns over Nippon Steel's proposal to acquire U.S. Steel, citing lack of commitment to sustaining long-term production or enhancing domestic capacity. The proposal grants the U.S. government veto power over potential production cuts. President Biden has until Jan. 7 to approve or block the deal.
