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…
The investigation into the deadly Red Fort blast that killed 13 people on November 10 has unveiled a chilling web of terror networks spanning Delhi, Haryana, Uttar Pradesh, and Kashmir. As agencies sift through CCTV footage, encrypted chats, and forensic trails, a clearer picture is emerging of how a group of educated professionals allegedly plotted…
Goldman Sachs Asset Management is making a big bet on defined outcome exchange-traded funds — also known as buffer ETFs, which use options to help protect against market losses. This month, Goldman Sachs agreed to buy defined outcome ETF provider Innovator Capital Management for $2 billion. The deal is expected to close in the first…
The government reopening may spark a fresh historic run for recently battered cryptocurrencies. Bitwise’s Matt Hougan expects legislation to support new investment products in the space. “It’s going to be ETF Palooza in Cryptoland. I think there’ll be 100 plus launches,” the firm’s chief investment officer told CNBC’s “ETF Edge” on Monday. “We’re going to…
With Moltbook, AI agents build their own civilisation BENGALURU: In a surreal corner of the internet launched a few days ago, AI agents are building their own civilisation. Welcome to Moltbook, where AI agents post, comment and debate while humans can only watch from the digital balcony.When entrepreneur Matt Schlicht launched Moltbook on Jan 28,…
NEW DELHI: India’s petrol pump network has crossed the 1,00,000-mark, doubling since 2015 as state-owned fuel retailers aggressively expanded outlets to defend market share and push fuel access deeper into rural and highway corridors amid a sustained boom in vehicle ownership. At the end of November, the country had 1,00,266 pumps — the third largest…
Bitcoin BTC$65,625.42 fell back toward last week’s lows, giving up nearly all of its recent gains above $70,000 and resuming its slide alongside weakness in the broader tech sector, as the crypto now trades back around $65,000. Bitcoin was down 2% over the past 24 hours, with losses in ether ETH$1,919.80 and solana SOL$77.18 roughly…
MUMBAI: Kotak Mahindra Bank reported a standalone net profit of Rs 3,446 crore for the quarter ended Dec 31, 2025, up 4.3% from Rs 3,305 crore a year earlier, supported by growth in net interest income and other income. On a consolidated basis, net profit stood at Rs 4,924 crore, a 5% increase from Rs…
NEW DELHI: In a major relief, the removal of hypothecation from vehicles will now happen automatically through an online system once loan is fully repaid, saving people from the hassle of multiple visits to transport offices and reaching out to banks. The road transport ministry has rolled out this new system, starting March 1 (Monday),…
BONK climbed in the past 24 hours, rising roughly 10.6% to around $0.00000833 as the token advanced through a key technical threshold. The move unfolded steadily, with price tracking higher across the session and setting a series of higher intraday lows before reaching peaks near $0.00000844, according to CoinDesk Research’s technical analysis data model. The…
