VIP Industries’ promoter entities sold stakes worth Rs 343 crore via bulk deals at a 9% discount, with Multiples Private Equity and Samvibhag Securities among the buyers. The company’s shares closed down 4.01% on Friday, continuing a 28% decline over the past year amidst a recent net loss.Read More
President Trump announced new 100 percent import taxes on branded pharmaceuticals. These tariffs begin October 1. Companies building US manufacturing plants will be exempt. Major drugmakers like Merck and Lilly saw slight share increases. Analysts predict minimal impact on large firms. Smaller drugmakers might face vulnerability. Generic medicines remain unaffected by this new policy.Read More
Seven NSE large-cap stocks, including CG Power, JIO Financial, Adani Green, and HDFC Life, trade at significantly higher P/E ratios than their industry averages, signaling premium valuations, growth expectations, or potential overvaluation risks.Read More
HSBC upgraded India to ‘Overweight’ and expects FIIs to return after 12 months, citing attractive valuations, policy support, resilient flows, and easing global conditions. It named 11 top stock picks across sectors.Read More
Logistics service provider Glottis on Friday said it has mobilised a little over Rs 55 crore from anchor investors, days before its initial share-sale opening for public subscription.Read More
Crisil Ratings revised Muthoot Microfin’s outlook to ‘positive’ from ‘stable’, reaffirming ‘A+’ rating. Despite asset quality stress, strong collections, adequate provisioning, and continued parent support underpin the microfinance lender’s stability and resilience in FY26.Read More
The Indian rupee faced significant pressure, hitting a record low due to concerns over potential impacts from U.S. trade and immigration policies. Increased U.S. visa fees and tariffs on drugs sparked worries about trade, remittances, and foreign investment flows. The Reserve Bank of India intervened to curb volatility, while analysts believe a weaker rupee could...Read More
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