Jefferies downgraded Indus Towers to underperform, cutting its target amid contract renewal risks, rising capex, and competitive pressures. Potential tenant discounts, lower renewals, and high maintenance costs may weaken revenues, earnings growth, and limit dividend payouts over the medium term.Read More
ICICI Prudential Life Insurance reported a 58% jump in March-quarter profit to Rs 609 crore, while FY26 profit rose 35% to Rs 1,600 crore. Premium growth remained strong, led by one-time policies. The insurer expects retail demand to benefit from tax cuts, though market-linked product demand may stay subdued amid ongoing volatility in equity markets.Read More
European shares rallied to their highest intraday level in over a month on Tuesday, as investors welcomed signs of possible Middle East peace talks, even as LVMH and other companies warned of fallout from the war.Read More
U.S. stock index futures rose on Tuesday as traders held onto hopes of a de-escalation in the Middle East conflict, while awaiting March producer price data and a fresh round of corporate earnings.Read More
Realty firm Puravankara Ltd on Monday reported nearly 3-fold jump in pre-sales to Rs 3,547 crore in the fourth quarter of the last fiscal year on better demand for residential properties.Read More
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