MUMBAI: Despite recent uncertainties related to global tariff wars and the sharp slide in the two leading Indian indices, global financial major Morgan Stanley has not changed its year-end sensex target of 105,000 points by Dec 2025. Calling India ‘A stock pickers’ market’, Morgan Stanley’s strategists and economists, led by Ridham Desai, said that India’s…
NEW DELHI: Zydus Lifesciences on Tuesday said it has entered into negotiations to acquire a majority stake in France-based Amplitude Surgical, a medtech firm, for 256.8 million euro (around Rs 2,500 crore). The company is in talks with PAI Partners and Amplitude Surgical’s management, and two minority shareholders, for 85.6% of the firm’s stake at…
Retail inflation or Consumer Price Index (CPI) inflation for the month of February eased to a 7-month low of 3.61%. This is well within the Reserve Bank of India (RBI’s) comfort zone and will likely encourage the Monetary Policy Committee (MPC) to cut repo rate in the April review to boost GDP growth.The All India…
NEW DELHI: Hong Kong-based Caravel Group Acquire has announced the acquisition of International Maritime Institute, a leading maritime training institute, and is seeking to upgrade the facility in greater Noida to ensure that more Indian seamen get to command ships.India is among the top global suppliers of seamen, next only to the Philippines, and group,…
MUMBAI: SBI customers were unable to access Unified Payment Interface (UPI) and mobile banking services for more than four hours on Tuesday due to unspecified technical issues. SBI later said the problem had been resolved.UPI platform processes an average of 39.3 crore transactions daily, with 4,500–4,600 occurring every second. The outage began in first half,…
India’s share of global equity market value is approaching 3%, showing a significant decrease from its highest point of over 4%. (AI image) What a fall! BSE Sensex and Nifty50 have plunged drastically from their lifetime peaks in a matter of a few months. According to a Bloomberg report, the Indian stock market decline has…
US President Donald Trump and Prime Minister Narendra Modi (File Image) Donald Trump’s 25% tariff on all steel and aluminium imports go into effect on Wednesday with US President asserting that these taxes would generate US factory employment during a period when his fluctuating tariff policies are unsettling the stock market and raising economic decline…
“Going ahead, the ongoing global uncertainty stands out as a significant challenge, says Osho Krishnan of Angel One. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Wednesday. While BSE Sensex was above 74,300, Nifty50 was above 22,550. At 9:19 AM, BSE Sensex was trading at 74,372.38,…
Traders work on the floor of the New York Stock Exchange. (File photo) Wall Street ended lower on Tuesday, extending a turbulent period of losses as uncertainty over US President Donald Trump’s tariff policies continued to shake investor confidence.Trump said late in the afternoon that he would “probably” reconsider doubling planned tariffs on Canadian steel…
Top stocks to buy (AI image) Macquariehas initiated its coverage of Adani Ports & SEZ with an ‘outperform’ rating and a target price of Rs 1,500. According to analysts the company is well positioned to capitalise on India’s long-term growth potential due to its businesses’ thematic alignment with the nation’s development. Visibility of healthy recurring…