Emkay Global has downgraded ACC to sell due to weak margin trends and slower capex execution with the target price cut sharply to Rs 1,600 from Rs 2,280. Analysts said that ACC’s valuation revised to 7x EV/EBITDA (economic value/earnings before interest, taxes, depreciation and amortisation from 9x given deteriorating fundamentals. They have cut ACC’s FY27…
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Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Zcash ZEC$657.99 has been one of the strongest performers of the…
NEW DELHI: The ongoing West Asia crisis could pave the way for long-awaited reforms for India to have financially viable airlines and a sustainable aviation sector. The Union aviation ministry has “initiated a study on financially stressed airlines in India to assess structural challenges and identify measures to improve sector resilience.” It has asked airlines…
NEW DELHI: As the world moves towards AI-led transformation across industries, govt and the broader society, India has been ranked third in ‘AI Vibrancy’ index in a study conducted by Stanford University. The US and China lead the pack.The 2025 version of Stanford’s ‘Global AI Vibrancy Tool’ works with data coverage through 2024 across a…
NEW DELHI: The Centre is set to levy a new cess on tobacco, tobacco products and pan masala after the phaseout of GST compensation cess to ensure that price of these products do not fall as they are sin goods.At the time of GST revamp, govt had announced continuation of compensation cess only for tobacco…
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SRINAGAR: Liquor will now be available in Ladakh, where only beer, wine and ready-to-drink beverages were permitted so far for retail sale through vends, except in Leh where there was no partial prohibition.Lt Governor Vinai Kumar Saxena has approved the new excise policy for the UT which “aims at curbing the growing dependence on narcotics…
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NEW DELHI: As US President Donald Trump unveiled his “Board of Peace” at the World Economic Forum in Davos on Thursday, India was not present on the stage. New Delhi had received an invitation to join the initiative on Sunday, but has not officially accepted or rejected the offer. The signing ceremony, however, was attended…
