A naukri.com initiative
Funding News
Bloomberg Quint
2w
370
Image Credit: Bloomberg Quint
Ventive Hospitality Gets 'Buy' From HSBC On Strong Balance Sheet, Healthy Cash Flow
- HSBC Global Research initiates coverage on Ventive Hospitality with a 'Buy' rating and a target price of Rs 854 per share.
- Ventive Hospitality owns 11 hotels in India and the Maldives, with primary markets generating 90% of its revenue.
- The Indian hospitality industry is experiencing a robust upcycle, driven by urbanization and increased spending on holidays.
- Ventive's recent underperformance and lower occupancy levels are expected to improve as airport infrastructures in Pune and the Maldives improve.
Read Full Article
22 Likes
Bloomberg Quint
2w
70
Image Credit: Bloomberg Quint
How To Check Infonative Solutions IPO Allotment Status And Latest GMP Online
- The allotment of shares in the initial public offering of Infonative Solutions Ltd. is set to be finalised on Friday, April 4.
- Investors who participated in the bidding process can check the allotment status online via the official websites of BSE and the issue's registrar, Kfin Technologies.
- Infonative Solutions IPO is proposed to be listed on BSE SME on Tuesday April 8.
- The latest grey market premium (GMP) for the Infonative Solutions IPO stood at Rs 5 on April 4, indicating a possible listing gain of over 6%.
Read Full Article
4 Likes
Bloomberg Quint
2w
136
Image Credit: Bloomberg Quint
Tata Motors Shares Fall As CLSA Expects US Tariffs To Hit JLR Business
- Tata Motors shares fell as CLSA downgraded the auto giant and expects US tariffs to hit JLR business.
- CLSA revised down JLR's performance outlook for FY 2026, primarily in the US market, due to rising import tariffs.
- CLSA expects a 14% YoY decline in JLR's global volumes and a 26% fall in US volumes due to the 25% import tariff on cars from fiscal 2026.
- Tata Motors' shares fell 5.80% to Rs 616.05 apiece, the lowest level since March 4, due to concerns over JLR's performance and US tariffs.
Read Full Article
8 Likes
Bloomberg Quint
2w
418
Image Credit: Bloomberg Quint
Taj Mahal Tops Ticket Sales In Protected Monuments — Check Out 10 Highest Earners
- Taj Mahal generated revenue of Rs 297 crore in the last five years through ticket sales.
- In FY24, the Taj Mahal earned nearly Rs 100 crore.
- Qutub Minar earned Rs 23.8 crore in ticket sales followed by Red Fort.
- Rs 443.53 crore has been spent for conservation, preservation, and environmental development of protected monuments in FY23-24.
Read Full Article
25 Likes
Bloomberg Quint
2w
279
Image Credit: Bloomberg Quint
Six Stock In News At Noon: Laurus Labs, Bharat Forge, Vedanta, Among Others
- Benchmark indices decline with Nifty 50 trading 1.06% lower at 23,003 and Sensex down 0.81% at 75,677.63.
- Laurus Labs stocks decline by 9.53% as US plans to impose tariffs on the pharma sector.
- Bharat Forge stock falls by 8.83% following the US imposition of a 25% tariff on auto imports.
- Vedanta stock marks the largest decline in the metal sector, falling by 8.20%.
Read Full Article
16 Likes
Bloomberg Quint
2w
357
Image Credit: Bloomberg Quint
Solar Stocks Under Bearish Clouds — Five Factors That Can Hurt Waaree Energies, Premier Energies
- Higher competitive intensity and threat of oversupply are identified as factors that may negatively impact Waaree Energies and Premier Energies in the future.
- Both companies' stocks have seen significant declines since their market debuts, with Waaree Energies down by 22% and Premier Energies by 32% in 2025.
- Factors that could act as headwinds for Waaree Energies and Premier Energies include rise in competitive intensity and threat of oversupply.
- India's solar manufacturing sector is experiencing major capacity expansions, with Adani Enterprises and Reliance Industries expected to gain market share.
- Bernstein Research highlights the risk of global supply glut and overcapacity in the solar module space, affecting the earnings of both companies.
- The export story for Indian solar manufacturers, driven by US demand, faces challenges such as tax rebates, higher tariffs, and increased domestic capacity in the US.
- Manufacturers in the solar industry struggle with limited pricing power and difficulty passing on increased costs amidst stiff competition.
- While Waaree Energies and Premier Energies have shown improved financial performance, maintaining consistent returns becomes challenging due to rising competition.
- Analysts recommend a cautious approach towards Waaree Energies and Premier Energies, with some having 'sell' ratings on the stocks due to industry challenges.
- Integration into different stages of the solar value chain and the rapid pace of backward integration by competitors present survival challenges for both companies.
Read Full Article
21 Likes
Bloomberg Quint
2w
115
Image Credit: Bloomberg Quint
Tech Mahindra, ServiceNow To Deliver Next-Gen Broadband Solutions For Communication Service Providers
- Tech Mahindra has partnered with ServiceNow to deliver next-generation broadband solutions tailored for communication service providers.
- The partnership aims to empower broadband providers to deliver high-speed connectivity, drive digital inclusion, and create value for communities globally.
- The solution provides AI-driven analytics, network-as-a-service, cloud-native open source software systems, and intelligent automation to streamline operations.
- Tech Mahindra and ServiceNow aim to drive digital inclusion and seamless connectivity for the telecom sector, unlocking new opportunities and driving sustainable growth across the global broadband market.
Read Full Article
6 Likes
Bloomberg Quint
2w
47
Image Credit: Bloomberg Quint
RBI Policy Preview: Next Rate Cut Could Be On The Anvil
- The Reserve Bank of India's Monetary Policy Committee is expected to cut the benchmark lending rate in April.
- All economists polled by Bloomberg expect the MPC to cut the rate, at least by 25 basis points.
- India's consumer price index-based inflation moderated to 3.61% in February from 4.26% in January.
- Bond market participants anticipate the trend to continue amidst expectations of the next rate cut.
Read Full Article
2 Likes
Bloomberg Quint
2w
87
Image Credit: Bloomberg Quint
PVR Inox Stock Down As UBS Cuts Target Price
- PVR Inox Ltd.'s share price fell over 4% after UBS reduced its target price on the stock.
- Factors such as lack of good releases and traffic/mall parking inconvenience contributed to lower occupancy.
- However, UBS still finds PVR Inox attractive due to its strong content pipeline.
- PVR Inox share price declined 4.6% to Rs 915.5 apiece, with a potential upside of 57% according to analysts.
Read Full Article
5 Likes
Bloomberg Quint
2w
261
Image Credit: Bloomberg Quint
LIC Denies Preferential Treatment By Indian Government, Regulators Post US Trade Rep Report
- LIC denies preferential treatment by Indian government and regulators after a report by the US Trade Representative (USTR).
- LIC is treated like any other insurance company by the government and regulators, according to their clarification.
- The sovereign guarantee provided by the Indian government has never been invoked or used as a marketing tool, LIC said.
- LIC operates in a fully competitive market and receives no special treatment from the government or any regulatory authority.
Read Full Article
15 Likes
Bloomberg Quint
2w
366
Image Credit: Bloomberg Quint
'I'm The First Buyer': Donald Trump Unveils $5 Million 'Gold Card' | WATCH
- US President Donald Trump unveiled the design of his administration's new $5 million 'Gold Card' on Thursday.
- The gold-colored card, similar to a credit card, features Trump's official portrait.
- The Trump administration's Gold Card system is a revamped version of the EB-5 visa program.
- The funds raised through the sale of the Gold Card will reportedly be used to reduce the U.S. fiscal deficit or national debt.
Read Full Article
22 Likes
Bloomberg Quint
2w
291
Image Credit: Bloomberg Quint
TSBIE Telangana Board Releases 2025-26 Academic Calendar: Check Schedule Here
- The Telangana Board of Intermediate Education (TSBIE) has released the annual academic calendar for 2025-26 session for junior colleges in Telangana.
- The calendar includes the schedule for both General and Vocational courses.
- All colleges must strictly follow the schedule for academics, admissions, and course completion.
- The academic year comprises 226 working days, and the total number of days, including public holidays, Sundays, and vacations, is 303.
Read Full Article
17 Likes
Bloomberg Quint
2w
178
Image Credit: Bloomberg Quint
Cipla, Sun Pharma, Lupin, Aurobindo Pharma Down As Trump Warns Of Tariffs In The Future
- Nifty Pharma fell nearly 5% on Friday after US President Donald Trump warned of future tariffs on the pharmaceutical sector.
- Aurobindo Pharma, Laurus Lab, Lupin, and Aurobindo Pharma were among the companies that saw a decline in their stock prices.
- The US is considering the pharmaceutical sector as a separate category and tariffs for the industry will be announced soon.
- Investors have become cautious of the segment due to Trump's announcement.
Read Full Article
10 Likes
Bloomberg Quint
2w
274
Image Credit: Bloomberg Quint
No Reciprocal Tariff A Positive For Pharma Players; Sectoral Tariff Overhang Prevails, Says ICICI Securities
- India imports pharmaceutical drugs worth $800 million, of which 10% tariff is been charged on nearly $400 million of imports.
- Pharmaceutical imports into the US are currently exempted from reciprocal tariffs.
- The administration is studying various protective measures imposed by countries on drugs manufactured in the US, which may lead to an imposition of sectoral tariff under Section 232 of the US Trade Act.
- India's total pharma exports to the US stood at $12.8 billion in CY24 and currently do not see any tariffs.
Read Full Article
16 Likes
Bloomberg Quint
2w
278
Image Credit: Bloomberg Quint
HSBC India Services PMI At 58.5 In March
- The HSBC India Services PMI Business Activity Index registered 58.5 in March, indicating a sharp rate of expansion.
- The HSBC India Composite PMI Output Index increased to a seven-month high of 59.5, signaling above-trend growth.
- Buoyant underlying demand and ongoing increases in new business supported output and sales growth.
- The level of positive sentiment slipped to a seven-month low, and hiring activity was pared back in March.
Read Full Article
16 Likes
For uninterrupted reading, download the app