NEW DELHI: India’s largest carmaker Maruti Suzuki will raise prices across its vehicle line up by up to Rs 30,000 from next month, citing elevated inflationary pressures and a persistently adverse cost environment. Some of the other car makers indicated that they are also reviewing prices, while some have already raised it.In a regulatory filing…
MUMBAI: Elevation Capital, an early backer of One97 Communications which owns fintech Paytm is selling about 1.3% stake in the company worth Rs 964 crore through block deals on Friday, the term sheet of the deal showed.The floor price of the offer, set at Rs 1,121 per share, is at a 3% discount to Paytm’s…
Goldman Sachs maintained its neutral rating on Jubilant Foodworks with the target price cut to Rs 460 from Rs 480 earlier. Analysts said that in the Jan-March quarter (Q4FY26) the company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) was slightly ahead of estimates due to Dunkin’ classification as discontinued operations.Analysts flagged near-term margin pressure…
MUMBAI: Tata Sons chairman N Chandrasekaran is set to present a detailed roadmap of the company’s loss-making new businesses at a crucial board meeting on May 26, as he moves to defuse tensions with principal shareholder Tata Trusts chairman Noel Tata.His presentation will cover Tata Digital and Air India, ventures that have absorbed significant investment…
NEW DELHI: Adani Ports and Special Economic Zone (APSEZ), on Thursday said it will acquire a 100% stake in Jaypee Fertilisers & Industries (JFIL) from Jaiprakash Associates for Rs 1,500 crore, as part of the NCLT-approved resolution plan for JAL.In a regulatory filing, APSEZ said the acquisition will further consolidate the company’s inland logistics presence…
NEW DELHI: LG Electronics India reported an 8.2% decline in its net profit to Rs 692.7 crore for the March quarter from a net profit of Rs 754.5 crore during the Jan-March period a year ago. Its revenue from operations rose 8.1% to Rs 8,053.6 crore in the March quarter of FY26. It was Rs…
Asian stock markets moved higher on Friday as optimism surrounding ongoing US-Iran negotiations supported investor sentiment, although rising crude oil prices continued to keep inflation worries alive. Market confidence remained upbeat for a second consecutive session amid hopes that diplomatic efforts could help restore stability to global energy supplies following weeks of uncertainty caused by…
File photo (Picture credit: AP) Asian markets traded higher on Friday as investor sentiment improved on hopes of progress in US-Iran peace talks, although rising oil prices and continued uncertainty over the Strait of Hormuz kept inflation concerns in focus.Tokyo led regional gains, with Japan’s Nikkei 225 surging more than 2 per cent. Taiwan’s market…
New Delhi : Quick commerce platform Zepto plans to launch its Rs 11,000-crore IPO in July, people familiar with the matter said on Thursday. If the listing goes through, Zepto will join rivals Zomato and Swiggy, which are already listed on stock exchanges. The startup secured approval for its maiden public issue from Sebi earlier…
Top stocks to buy (AI image) Stock market recommendations: Bajaj Broking Research has chosen Garden Reach Shipbuilders & Engineers (GRSE), NBCC as the top stocks to buy on May 22, 2026:Garden Reach Shipbuilders & Engineers (GRSE)Buy in the range of ₹ 2640-2700 Target Return Stoploss Time Period ₹ 2918 9% 2520 6 Months The stock…
