Emirates NBD Bank plans to acquire a 26% stake in RBL Bank via an open offer at ₹280 per share, totaling ₹11,636 crore. This move, part of a larger $3 billion investment to gain a majority stake, marks a significant FDI in India’s banking sector. RBL Bank is seeking an increased FDI limit to facilitate...Read More

Asian stocks are poised for a rebound, mirroring Wall Street’s positive sentiment driven by resilient US labor market data and a brief retreat in tech shares. Investors see opportunities in the current market pullback, with strong earnings momentum and encouraging economic indicators supporting a bullish outlook. Meanwhile, Treasuries slipped as the Fed signaled a less...Read More

Markets closed lower on the weekly expiry day, with the Nifty 50 slipping 0.7% to 25,600, retesting its 20-day EMA. Several companies like Paytm, IndiGo, and M&M are in focus due to Q2 results and news developments, impacting trading sentiment.Read More

Technology stocks experienced sharp declines, with bourses in Seoul and Tokyo falling significantly from recent peaks. While the selloff appears largely positioning-driven, with recent outperformers taking the brunt, investors are viewing it as a potential breather and rotation rather than a cause for panic.Read More

McDonald’s saw a sales boost from value offerings like Snack Wraps, but CEO Chris Kempczinski warns economic pressures will persist, impacting lower-income consumers. The company is leaning into discounts, sharing costs with franchisees, to maintain customer traffic amidst inflation and concerns about government aid.Read More

Britannia Industries reported a 23.23% rise in consolidated net profit to Rs 655.06 crore for the September quarter, driven by stable commodity prices and cost optimization. Revenue from product sales increased by 4% to Rs 4,752.17 crore. The company anticipates progressive normalization of short-term impacts from GST changes, with adjacent bakery categories showing strong double-digit...Read More

Indian markets were closed for a holiday on Wednesday. On Tuesday, the Sensex and Nifty closed lower, extending their losing streak due to sharp cuts in IT, auto, and metal stocks. Investor sentiment remained subdued amid FII selling and rising US bond yields, though India’s economic fundamentals remain resilient.Read More

Indian stock markets are poised for continued optimism, with analysts anticipating new record highs for Nifty and Sensex by year-end, contingent on supportive global cues and domestic earnings. October saw a significant rally driven by strong corporate results, FII inflows, and easing global yields, though some consolidation is expected due to higher valuations.Read More

The Ramco Cements reported a significant three-fold surge in its consolidated net profit to Rs 77.88 crore for the September quarter. Revenue from operations grew 9.52% to Rs 2,238.74 crore, though cement sales volume remained flat. The company plans to reach 30 MTPA cement capacity by March 2026.Read More

Saregama, a part of RPSG Group, saw a slight dip in its September quarter performance. Net profit fell 2% year-on-year to Rs 44 crore. Revenue from operations also declined 5% to Rs 230 crore. The company declared an interim dividend of Rs 4.50 per share. Saregama expanded its music portfolio and saw growth in its...Read More