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Bloomberg Quint
5d
413
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Tata Motors, Samvardhana Motherson Drive Nifty Auto Rally As Trump Hints At Possible Tariff Reprieve
- Nifty Auto stocks rose on Tuesday after US President Donald Trump hinted at removing levies on imported vehicles and auto parts.
- Tata Motors, Samvardhana Motherson International Ltd., and Bharat Forge Ltd. led the gains in the Nifty Auto sector.
- Mahindra and Mahindra Ltd., TVS Motor Ltd., and Bajaj Auto Ltd. also saw significant increases in their stock prices.
- Asian auto companies, including Japanese and Korean manufacturers, also experienced a rise in their stock prices.
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Bloomberg Quint
5d
44
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Robert Vadra Appears Before ED After Second Summons In Money Laundering Case
- Businessman Robert Vadra has appeared before the Enforcement Directorate (ED) after being summoned for the second time in a money laundering case.
- The case is linked to a land transaction in Haryana, involving a land purchase in 2008 by Vadra's firm, Skylight Hospitality, for Rs 7.5 crore.
- Vadra had previously skipped the first summons issued on April 8 and will now be questioned by the ED under the Prevention of Money Laundering Act.
- Vadra has stated that he has nothing to hide and is ready to answer all questions, referring to the summons as a 'witch hunt.'
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Bloomberg Quint
5d
148
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Home First Finance Gets 'Buy' Upgrade From ICICI Securities, Sees 27% Upside
- Home First Finance receives 'Buy' upgrade from ICICI Securities, expects 27% upside.
- Steady growth in Assets Under Management (AUM) and strong control on operating expenses and credit quality contributed to Home First commanding premium valuations.
- Home First has shown a strong 33% AUM compound annual growth rate (CAGR) between FY21-24.
- The company plans to reach Rs 400 billion in AUM by FY30 with the help of fresh capital of Rs 12.5 billion.
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TechCrunch
5d
306
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Marshmallow, the UK insurance startup for migrants, raises $90M at a $2B+ valuation
- UK insurance startup Marshmallow has raised $90 million in funding to expand and move into financial services.
- The company plans to launch a lending product and become a 'one-stop shop' for financial and insurance needs of new arrivals in the UK.
- The funding round is split 50-50 between equity and debt, valuing Marshmallow at just over $2 billion.
- Marshmallow's success is driven by its use of data science, focus on inclusivity, and diverse leadership.
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Bloomberg Quint
5d
26
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Ireda Share Price Inches Higher Ahead Of Earnings Announcement
- Ireda share price rose as much as 5.35% to Rs 162.45 apiece.
- Ireda reported strong financial results for Q3 FY25, with increased revenue from operations and profit after tax.
- Loan sanctions, disbursements, and the loan book of Ireda saw significant growth in Q3 FY25.
- Trading in Ireda securities will remain suspended for designated persons and their immediate relatives from April 1 to April 17.
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Bloomberg Quint
5d
242
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Pharma, Healthcare Q4 Results Preview: FY25 To End With Steady Growth, Better Margin, Says HDFC Securities
- The India Pharma and Healthcare sector is expected to see steady growth and margin improvement during Q4 FY25E, says HDFC Securities.
- HDFC Securities foresees strong performances from Lupin, Ipca Labs, and Apollo Hospital, while Aurobindo and Max Healthcare may show muted results.
- The hospital business is projected to grow by 18% YoY, supported by steady average revenue per occupied bed and merger and acquisitions (Max Healthcare).
- Ebitda margin expansion is expected for Apollo Hospital, while Max Healthcare may see a margin decline due to integration impact of acquired hospitals.
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Bloomberg Quint
5d
332
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IPL 2025: Updated List Of Injured Players And Replacements
- Sunrisers Hyderabad (SRH) has signed Smaran Ravichandran to replace injured Australian spinner Adam Zampa in the IPL 2025.
- Chennai Super Kings (CSK) has picked Ayush Mhatre as a replacement for the injured Ruturaj Gaikwad.
- Punjab Kings may miss New Zealand's Lockie Ferguson for the entire season due to a side strain injury.
- Gujarat Titans' Glenn Phillips has been ruled out due to a groin injury, and the replacement is yet to be announced.
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Bloomberg Quint
5d
415
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Nifty Rises 2%, Sensex Up Over 1,750 Points: Why Is Stock Market Rising Today?
- The Indian stock market extended gains for the second straight session, with Nifty rising 2% and Sensex climbing over 1,750 points.
- The market rally was driven by positive global cues, easing trade tensions, and exemptions on tariffs for certain products.
- Global markets were lifted after the US announced exemptions on tariffs for smartphones, computers, and hinted at removing levies on imported vehicles and auto parts.
- The rupee strengthened against the US dollar, while oil prices edged up due to tariff relief and rebound in Chinese crude imports.
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Bloomberg Quint
5d
118
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Yatra Online Share Price Advances Amid Interim CFO Appointment
- Yatra Online Ltd. appoints Anuj Kumar Sethi as interim Group CFO.
- Yatra Online share price rises as a result of the management change.
- Anuj Kumar Sethi, who previously served as CFO, assumes the interim CFO position.
- The share price of Yatra Online rose 2.23% to Rs 80.34 apiece.
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Bloomberg Quint
5d
116
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Ajanta Pharma Positioned For Steady Growth; Jefferies Initiates Coverage With 'Buy'
- Jefferies initiates coverage on Ajanta Pharma with a 'Buy' rating and a target price of Rs 2,850.
- Ajanta Pharma has a strong positioning in high-entry-barrier branded generic markets in India, Asia, and Africa, which contribute around 70% of its revenue.
- The company's recent foray into nephrology and gynaecology is expected to boost growth.
- Overall, Jefferies expects Ajanta to report a 13% revenue CAGR, 17% Ebitda CAGR, and 19% profit CAGR over financial years 2025-27E.
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Bloomberg Quint
5d
400
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Positioning Of Indian Electronics Sector Amid Tariff Environment — Read Motilal Oswal's Analysis
- Mr. Pankaj, Chairman ICEA expressed strong confidence in his assessment that the Indian electronics manufacturing sector is on an ‘up only’ trajectory.
- Mr. Pankaj, Chairman ICEA categorically denied the likelihood of China dumping finished electronics products in India, except for some IT hardware categories like laptops and tablets.
- India has gained a logistics edge, achieving faster clearance times than even China.
- There would not be a rush to export electronics to the US, as most of the products that could be shipped from India to the US have already been dispatched.
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Bloomberg Quint
5d
245
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What To Buy In India: Shikhara's Rahul Chadha On Gold, Banks And Travel Themes
- Rahul Chadha, CIO of Shikhara Investment Management, believes the long-term structural story of the Indian markets is still strong.
- Chadha expects base-case tariffs in the 10-20% range for most economies, with China facing higher rates of 20-30%. He sees value in Indian large-cap banks and is optimistic about the midcap sector, particularly in travel, tourism, and hospitals.
- Chadha suggests that India could benefit from the ongoing shift in global supply chains, similar to the structural change seen after China joined the World Trade Organisation. He emphasizes the need for India to create a conducive environment to attract industries.
- Chadha also expresses bullishness on gold as a safe investment in uncertain times, with expectations of gold performing well in the near future.
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14 Likes
Bloomberg Quint
5d
95
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KNR Construction Remains Nirmal Bang's Top Buy Ahead Of Q4 Results In Construction Sector — Here's Why
- KNR Construction's margins are projected to fall within the 15-16% range, with the potential for enhancement as contributions from irrigation projects increase, adds the brokerage.
- KNR Construction's order book as of December 31, 2024, was recorded at Rs 38.8 billion (1.0x trailing twelve months revenue).
- In FY26, the government plans to raise up to Rs 350 billion in private finance under the build, operate, and transfer strategy.
- The majority of the cash for the private finance would come from multi-lane roadways and access-controlled expressways.
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Bloomberg Quint
5d
162
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Tata Elxsi Q4 Results: Date, Dividend, Investors' Conference Call Timings And Other Key Details
- Tata Elxsi will announce its Q4 results and FY25 on April 17, along with considering the recommendation of a dividend, if any, for FY25.
- The trading window for dealing in the securities of Tata Elxsi is closed until 48 hours after the financial results are declared.
- An investors' conference call is scheduled on April 17, where management personnel will discuss the financial results.
- In the Q3 FY25, Tata Elxsi reported a net profit of Rs 199 crore, a decline of 3.6% from the same period last year.
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9 Likes
Bloomberg Quint
5d
55
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Adani Green Energy Share Price Surges On Robust Business Update
- Adani Green Energy's share price rose by 3.46% on the release of a strong business update.
- For FY25, the company achieved a 28% YoY increase in energy sales and a 30% growth in operational capacity.
- Over the past five years, Adani Green Energy maintained a CAGR of 45% in energy generation.
- The company's solar, wind, and hybrid portfolios showed strong performance with high capacity utilization and plant availability.
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