South Korea’s two biggest carmakers are falling behind the wider equities rally as a stronger won, repeated earnings misses and mounting margin pressure prompt brokers to cut price targets. South Korea’s booming stock market has left Hyundai Motor and Kia…
The Rajkot-based packaging maker plans to raise funds for new plant and machinery, working capital and corporate purposes after receiving approval to list on the BSE SME platform. Antala Industries has cleared a key regulatory hurdle for its planned initial…
JM Financial has lowered its 12-month target for Yes Bank to Rs 17, warning that the Supreme Court’s decision to reinstate the Rs 8,400 crore AT1 write-down could drive a post-tax loss and cut the lender’s CET1 ratio to 11.4…
Jio Platforms’ Rs30,213 crore IPO has become India’s largest share sale, with institutional demand taking the issue past full subscription in about 100 minutes and bids worth Rs90,500 crore arriving on the first day. Jio Platforms’ initial public offering has…
IDBI Bank shares fell 2.63% to ₹80.10, dropping below Fairfax Financial Holdings’ proposed ₹81-a-share price despite the bid clearing the lender’s valuation benchmark. IDBI Bank shares slipped on Wednesday, falling to ₹80.10 on the BSE and moving below the ₹81-a-share…
HSBC retained its Buy rating and Rs 260 target for Tata Steel, arguing that strong domestic operations, falling debt and healthy cash generation are being overlooked by investors. HSBC has kept its “Buy” rating on Tata Steel and left its…
Brokerages have cut their price targets for YES Bank after the Supreme Court upheld the Rs 8,415 crore AT1 bond write-down, warning that weaker capital and margin prospects could outweigh a resilient quarterly performance. Analysts remain largely sceptical on YES…
Bajaj Finance’s assets under management surged to INR5,84,624 crore in the September quarter as strong consumer, rural and secured lending supported higher profits and a planned INR17,500 crore fundraising. Bajaj Finance reported a sharp rise in assets under management in…
The Swiss bank expects property, infrastructure, commodities and gold to offer diversification and inflation protection in 2027 as concerns grow over stretched technology valuations and sovereign debt. UBS has identified what it sees as a stronger case for so-called real…
The Enforcement Directorate searched 29 locations across six cities and froze trading accounts as part of an alleged scheme involving two listed companies and online investment groups. The Enforcement Directorate has frozen about Rs 200 crore in trading accounts after…
A comparison of Indian small-cap funds finds little link between benchmark overlap and one-year returns, putting the focus on stock selection and active management. Investors often use portfolio overlap as a quick way to judge how closely a small-cap fund…
State-owned lenders are delivering stronger returns and attracting fresh investor interest, but analysts say doubts over the durability of profits continue to keep them cheaper than private-sector rivals. Public-sector banks have taken the lead in India’s second-quarter earnings season, but…
