Amongst 30 analysts whose estimates and price targets on S&P 500 are tracked by Bloomberg, the one from Peter Berezin of BCA Research stands out. At 5,300, it is the lowest year-end target for the index and is 16 per cent below current levels. But make no mistake, Berezin is not a permabear and chooses … Read more
HDFC Bank’s provisions surged sharply to ₹14,442 crore, including a floating provision of ₹9,000 crore, up from ₹2,602 crore a year ago. | Photo Credit: Dado Ruvic/Reuters HDFC Bank on Saturday posted a 1.31 per cent decline in its consolidated net profit to Rs 16,258 crore for the June 2025 quarter. The lender had reported … Read more
Despite witnessing a slight drop of 1.4 per cent in business investment confidence, India maintained the highest year-on-year confidence growth among 32 economies surveyed in Q3 2025, with a robust 12.6 per cent rise, according to the D&B Global Business Investment Confidence Index of Dun & Bradstreet (D&B), a data and analytics firm. According to … Read more
A file photo of Austrian skydiver Felix Baumgartner | Photo Credit: Reuters Austrian extreme sports pioneer Felix Baumgartner, famed for a record-breaking 2012 skydive from the edge of space, died on Thursday in a paragliding accident in central Italy, local police said. He was 56. Baumgartner lost control of his motorised paraglider while flying over … Read more
FILE PHOTO: The former CJI also noted the lack of evidence of wrongdoing by Vedanta | Photo Credit: DANISH SIDDIQUI Vedanta Limited could take legal recourse to counter allegations levelled by Viceroy Research, armed with a legal opinion from former Chief Justice of India Justice DY Chandrachud. Vedanta had sought the former CJI’s opinion, sources … Read more
Spices exports during June were down 2.26 per cent at $312.85 million | Photo Credit: iStock India’s exports of spices were up 6.2 per cent during the April-June quarter of this fiscal at over $1,156 million on higher shipments of products such as oleoresins and seed spices. Spices exports during the same period last year … Read more
ACME Solar Holdings has bagged two battery energy storage projects totalling 275 MW/550 MWh from state-owned NHPC. “The projects have been secured at a tariff of ₹2,10,000/MW/month for 50MW/100MWh and ₹2,22,000/MW/month for 225MW/450MWh through e-reverse auction held on June 24, 2025,” ACME Solar Holdings said in a statement. The projects are covered under the viability … Read more
Rupee strengthens against US dollar, rises 6 paise to 86.06 against US dollar. | Photo Credit: iStockphoto The rupee appreciated 6 paise to 86.06 against the US dollar in early trade on Friday on the back of a weaker greenback and a marginal drop in global crude oil prices. However, steady foreign fund outflows capped … Read more
State Bank of India’s ₹25,000 crore mega qualified institution placement (QIP) issue of equity shares is understood to have attracted bids 3-4 times the amount on offer, said sources. A host of high profile financial institutions, including insurance companies, mutual funds, and foreign funds have bid for the issue. Sources said pre-commitments had already been … Read more
FILE PHOTO: A pedestrian walks past the Hindustan Unilever Limited (HUL) headquarters in Mumbai January 19, 2015. Hindustan Unilever Ltd, the Indian unit of Anglo-Dutch consumer group Unilever Plc , reported an 18 percent rise in quarterly profit, beating estimates, helped by a revival in consumer spending and lower raw material costs. REUTERS/Danish Siddiqui (INDIA … Read more