Japan’s Nikkei share average saw little direction on Monday. Oil prices dropped significantly after the US suspended attacks on Iran. Investors avoided aggressive bets ahead of key corporate earnings reports this week. Major US cloud companies’ earnings will be closely watched for capital spending plans. Japanese chipmakers Advantest and Kioxia are also set to report...Read More
Nuvama has reiterated its ‘Buy’ rating on Dr Lal PathLabs and raised the target price to Rs 2,140 from Rs 1,900, implying a potential upside of 21% from the current market price of Rs 1,756.Read More
Our credit cost was 2.13% of loans including the microfinance portfolio, against a guidance of 2.10%. This year, encouraged by seeing our credit quality in the first quarter, we are targeting 50 bps lesser credit cost, say 1.5% to 1.6%, says V Vaidyanathan, MD & CEO, IDFC Bank.Read More
The additions were led, once again, by the country’s largest issuers. HDFC Bank topped the list, adding 163,000 net new credit cards and edging past SBI Cards, which added 162,000. ICICI Bank added 151,000 cards, while Federal Bank continued its strong momentum with 101,000 net new additions.Read More
The asset managers, among the biggest investors in recent IPOs, have told Bengaluru-based Zepto’s representatives in recent discussions that they would not be comfortable subscribing to the issue even at the lower valuation being considered by the company, three people familiar with the matter told ET.Read More
The Nifty 50 has declined and is now near oversold levels. Analysts suggest a potential pullback towards 24,000 if support at 23,600 is maintained. Traders are advised to consider specific option strategies for the upcoming weekly expiry. Several top stock picks are recommended with defined targets and stop losses. These include Azad Engineering, Laurus Labs,...Read More
India’s primary market momentum continues with over two dozen issuers planning IPOs. These companies aim to collectively raise approximately ₹35,000 crore in the upcoming month. New-age companies like Zepto and PhonePe are expected to lead this significant market activity. Investor appetite is returning as markets stabilize, following a subdued first half. This robust pipeline signals...Read More
Sterling & Wilson plans a ₹1,500 crore IPO for its generator unit. Proceeds will fund the company’s significant global and domestic expansion plans. The generator business has seen strong momentum, driven by data centre growth. Its order book nearly doubled in FY26, reaching ₹2,900 crore. This move aims to strengthen its market position and meet...Read More
CXMT Corp’s Shanghai debut is anticipated to be historic after a near-record IPO. The company is poised to become China’s largest listed firm on its first trading day. This significant offering taps into global demand for memory chips and AI development. CXMT is China’s best hope for reducing foreign supplier dependence in critical chip areas....Read More
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