After a massive selloff in the shares of food delivery giants Zomato and Swiggy, analysts believe the time may be right for investors to start adding these stocks to their portfolio carts. Photograph: PTI Photo from the Rediff Archives Their
India is home to more than 100 million diabetics, and the demand for anti-diabetic drugs is on the rise — the Rs 20,611 crore anti-diabetic drug market in India is growing at 9 per cent or so. Kindly note the
Raymond Ltd chairman and managing director Gautam Singhania’s estranged wife Nawaz Modi Singhania has resigned as a director on the board, according to a statement by the company on Wednesday. Photograph: ANI Photo Raymond Ltd has announced the resignation of
Hyundai Motor India and Honda Cars India on Wednesday joined the list of automakers planning to hike prices of vehicles from April, second time this year, to partially offset the impact of rising input costs and higher operational expenses. In
Private sector lender Dhanlaxmi Bank Ltd on Wednesday (March 19) said its board of directors has approved the issuance of unsecured non-convertible debentures in the form of Basel III compliant tier-II bonds of up to ₹150 crore. “This is to
Stocks to buy: Domestic brokerage firm Axis Securities in its latest note has lifted its rating on the Steel Authority of India (SAIL) to ‘buy’ from ‘hold’ and also lifted the target price to ₹130 apiece from ₹115, citing the
An ACMA-BCG report has targeted Indian auto component exports to hit $100 billion – nearly a fivefold increase from $21 billion currently. Photograph: Kind courtesy Amit Dave/Reuters Automotive (auto) component companies see a new opportunity to increase their exports manifold
IndusInd Bank on Tuesday said global rating agency Moody’s has placed the bank’s baseline credit assessment (BCA) under review for a possible downgrade. Photograph: Anushree Fadnavis/Reuters The rating review comes days after IndusInd Bank disclosed a Rs 2,100 crore discrepancy
IndusInd International Holdings chairman Ashok Hinduja on Tuesday announced the acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company. Photograph: Prashant Waydande/Reuters IndusInd International Holdings Ltd (IIHL) has transferred the bid amount to the escrow account
The BSE benchmark index Sensex jumped 1,131 points to revisit the 75,000 level on Tuesday and the NSE Nifty surged 1.45 per cent powered by widespread buying amid a bullish trend in global equities. Photograph: Savita Kirloskar/Reuters Extending its previous
