A clutch of global brokerages have rolled out fresh views on Urban Company, UltraTech Cement, Cipla, Radico Khaitan, JSW Steel, Coforge and more ahead of the upcoming session. Jefferies on Radico Khaitan Retain buy with TP of Rs 3850 (+30%) In high spirits Broad based volume momentum and improvement in profitability Mgt commentary also quite…
Currently, interest earned from bonds is taxed at the investor’s applicable slab rate, unlike equities where a clear distinction exists. (AI image) By Vishal GoenkaAs India aspires to build a resilient, diversified, and globally competitive financial system, the role of a deep and vibrant bond market cannot be overstated. This is also evident in NITI…
NEW DELHI: Calling the new University Grants Commission (UGC) rules a “black law,” Bareilly city magistrate Alankar Agnihotri resigned on Monday, saying the new rules meant for higher educational institutions could foment caste-based discontent.Agnihotri alleged that the new UCC law would vitiate the academic environment in colleges and should be withdrawn immediately.Agnihotri, a 2019-batch Provincial…
Axis Bank’s third quarter performance drew largely positive commentary from Morgan Stanley, Jefferies and Kotak Securities, with all three brokerages highlighting improving internals, better asset quality trends and a strengthening case for re-rating, even as headline earnings growth remained modest. On valuations, Morgan Stanley maintained Overweight and raised its target price to Rs 1,650, citing…
PVR Inox’s decision to divest its entire stake in premium popcorn brand 4700BC is a strategic, review-led monetisation that should strengthen the balance sheet and sharpen focus on the core cinema business, according to a First Take note from Investec. The brokerage has maintained a ‘Hold’ rating on the stock with a target price of Rs…
Public sector banks will go on a nation-wide strike on Tuesday after the United Forum of Bank Unions (UFBU) has decided to go ahead with it to press for the immediate implementation of a five-day work week. This is likely to impact banking operations of public sector banks across the country. Here’s all you need…
Silver is now a front-page asset on Hyperliquid, highlighting a subtle shift in how crypto derivatives venues are being used as bitcoin struggles to find direction. The SILVER-USDC contract has become one of Hyperliquid’s most active markets, trading around $110 during Asia hours and posting roughly $994 Million in 24-hour volume. Open interest sits near…
A barrage of brokerages have turned bearish on Cipla after the Indian pharmaceutical major reported its third-quarter earnings for the financial year ending March 2026. The company reported a significant 57% year-on-year decline in net profit, largely driven by the one-time Labour Codes impact of around Rs 276 crore. Cipla’s profit for the December quarter…
Shares of KEI Industries Ltd., KPI Green Energy Ltd., Wendt (India) Ltd. and K. P. Energy Ltd. will be of interest on Tuesday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date. The record date determines the eligible shareholders who will…
Silver gave up most of its gains in late US trading after surging the most since 2008 and gold eased after topping $5,000 an ounce, with heightened volatility disrupting a rally that drove the metals to fresh record highs.The white metal ended Monday with a 0.6% gain after earlier soaring more than 14% on to…
