The National Stock Exchange has received MCA approval to name its proposed subsidiary ‘National Coal Exchange of India Limited’, marking a key step toward launching a coal trading platform. The stock exchange has committed an initial capital infusion of up to Rs 100 crore for the new company. It will hold a 60% stake in the venture, with the remaining 40% stake offered to other...Read More
Consumer sector outlook for FY27 faces challenges from cigarette tax hikes and crude oil shocks. Abneesh Roy of Nuvama Institutional Equities highlights opportunities in Nestle, Marico, Tata Consumer, Titan, Avenue Supermart, and VMart. Quick service restaurants are advised to approach with caution due to rising costs and market fragmentation. Investors should focus on companies with pricing power and earnings visibility.Read More
Japanese shares ended lower on Monday as the U.S.-Iran peace talks collapsed over the weekend and the American Navy prepared a blockade on Iranian ports, casting fresh doubts about the durability of an ongoing ceasefire.Read More
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