UBS initiated coverage on Tata Motors’ commercial vehicles business with a buy rating and a ₹550 price target, citing undervaluation compared to global peers. The brokerage also reiterated a buy on Ashok Leyland, raising its price target to ₹225. UBS believes Indian CV makers are poised to narrow valuation gaps due to improving fundamentals.Read More

Indian oil explorers surged on Wednesday as global crude prices jumped due to Winter Storm Fern disrupting US output and tightening near-term supply. Oil India and ONGC shares climbed significantly, with the Nifty Oil & Gas Index outperforming broader markets. Analysts noted that stable crude prices directly boost upstream companies’ earnings.Read More

A fatal Learjet 45 crash near Pune, killing five, is expected to trigger insurance claims of approximately ₹50 crore. The aircraft, insured by ICICI Lombard, was attempting to land when it crashed. This follows another aviation insurance claim of ₹18 crore earlier this month.Read More

The bonds would have maturity of 12 months and coupon rate of 50 bps over Secured Overnight Financing Rate (SOFR) payable quarterly in arrears, SBI said in a regulatory filing. These bonds will be issued through SBI’s London branch.Read More

US small-cap stocks are currently outperforming larger companies. Wall Street strategists predict this trend will continue. This optimism stems from expectations of faster earnings growth for smaller firms. Falling interest rates and economic expansion are key drivers. Deregulation and more rate cuts are also expected to boost these stocks.Read More

Persistent Systems stock sees a dip despite positive analyst outlook. The company is on track to meet its revenue guidance of $2 billion by FY27. Strong order bookings and improving profitability are key drivers. Healthcare segment shows renewed growth. Operating margins faced a temporary hit due to labour code changes. Analysts remain optimistic about future...Read More

Asian Paints shares fell 4.3% on Wednesday following third-quarter results, with most top brokerages maintaining bearish ratings due to profitability pressures from intense competition. Analysts with sell ratings foresee potential downsides of 8% to 25%, while more optimistic projections suggest upsides of up to 31%.Read More

Indian IT and pharma stocks are not benefiting from a weaker rupee as expected. Tariff concerns are overshadowing currency gains. Investors are waiting for clarity on trade deals. Foreign investors have also been selling these stocks. Valuations remain a concern for pharma companies. Demand for IT services shows signs of improvement. Stock selection will be...Read More

Jerome Powell, the Federal Reserve Chair, has strongly defended the central bank’s independence. He emphasized that political interference could damage the Fed’s credibility. Powell also indicated that an interest rate hike is not expected soon. Inflation remains above the target, driven by goods prices, while services sector disinflation continues. The Fed remains committed to serving...Read More

The Federal Reserve held interest rates steady, citing a tight labor market and inflation above its target. This decision occurs amidst political pressure from US President Donald Trump and concerns over the Fed’s independence.Read More