Category
Business
TCS, HDFC Bank, 8 others with up to 49% upside. How many in your portfolio?
In a recent report, the brokerage has shortlisted 10 blue-chip stocks across multiple sectors that it believes offer attractive value and the potential to deliver returns of up to 49% return. Here’s the full list.
5 world market themes for the week ahead
TSMC's earnings will offer insights into AI chip demand this week. Wall Street banks are set to report, with expectations for strong corporate profits. Oil prices remain volatile amid tensions with Iran and Strait of Ho...
Wall Street Week Ahead: Investors to grapple with packed week of earnings, CPI, Iran headlines
Upcoming economic data and corporate earnings will test the resilient U.S. stock market. Major banks begin second-quarter earnings season, which is expected to be strong. Key economic reports, including the consumer pri...
Fed officials fret over inflation risk, weigh rate hikes
Federal Reserve officials remain concerned about persistent inflation pressures. Incoming price reports will guide future interest rate decisions by policymakers. A divided committee discussed scenarios for potential po...
SK Hynix shares jump in marquee US debut as AI euphoria persists
SK Hynix's Nasdaq debut saw its shares jump significantly after a large share sale. This event signals strong investor enthusiasm for chip stocks amid the AI revolution. The company's offering was oversubscribed, meetin...
US stocks today: US stocks end higher as investors turn to earnings season
US markets ended higher with the S&P 500 near record levels, driven by SK Hynix’s strong Nasdaq debut and renewed momentum in AI-linked chip stocks. Investors remain cautious ahead of earnings season and inflation data,...
Forex reserves rise $7.3 billion as FCNR & ECB flows pick up
The country's stockpile of assets denominated in foreign currencies rose $7.26 billion to $674 billion in the week ended July 3, the latest data from the Reserve Bank of India (RBI) showed. Of the total reserves, foreig...
Indian Bank drops capital raising plan on lower ECL hit
Indian Bank has cancelled its planned share sale to raise funds. The lender's expected credit loss impact is now estimated lower than previously calculated. This revised calculation means the bank will not need to raise...
SK Hynix shares jump 14% in debut on US stock market riding on AI wave
SK Hynix shares surged on their Nasdaq debut, showing strong investor interest in chip stocks. The company's offering attracted significant demand, exceeding expectations for memory chip market strength. This listing pr...
Kotak Mahindra Bank to pursue acquisitions alongside organic growth
Kotak Mahindra Bank plans to pursue acquisitions and organic growth. The bank recently acquired Deutsche Bank's retail portfolio in India. This move aims to enhance scale and customer reach for the bank. Kotak Mahindra...
Bank credit growth at two-year high at 18.6% as debt market turns costlier
Bank credit expanded significantly in the fortnight ending June 30. Deposit growth also showed a healthy increase during the same period. This credit demand stems from both consumer and corporate sectors. Corporate enti...
Circle shares surge 13% on getting regulatory approval to set up US trust bank
Circle secured final regulatory approval from the OCC for its national trust bank. This allows the stablecoin issuer to manage its own reserves and client crypto assets. The charter places Circle's bank under direct fed...
Global Markets: Chinese fast fashion retailer Shein finally wins approval for Hong Kong IPO
Fast-fashion titan Shein has gained approval for its Hong Kong IPO after previous attempts were blocked. Although the company has faced strict regulatory examination and backlash in the US and UK markets, it seeks to re...
Warsh task force members get an A at the outset, but results will need broad buy-in
Federal Reserve Chairman Kevin Warsh has enlisted a team of fifteen renowned external experts to spearhead reform task forces. This diverse group features both foreign central bankers and individuals from the former Oba...
Wall Street banks rule on staff betting on prediction markets, sources say
In a significant move, major Wall Street banks have revised their employee conduct guidelines. The updated policies impose restrictions on engaging in financial and political prediction markets. Specifically, Goldman Sa...
Sebi approves IPOs of defence electronics maker Tonbo Imaging and 3 others
Sebi approved IPO proposals of Tonbo Imaging India, Marri Retail, Zetwerk and Gujarat Victory Forgings, strengthening the primary market pipeline. The companies plan fundraising for expansion, debt repayment and growth,...
Market wrap: Top gainers and losers on Nifty and Sensex today
Sensex climbed 828 points and Nifty gained 244 points, extending their winning streak as TCS earnings, positive global cues and banking optimism lifted sentiment. The rally added nearly Rs 6 lakh crore to BSE market cap...
Nykaa among 6 midcap stocks that hit 52-week highs, rally up to 30% in a month
Nykaa, Godrej Industries and four other BSE MidCap stocks hit fresh 52-week highs, rallying up to 30% over the past month amid strong market momentum.