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buy call on Larsen & Toubro with a target price of Rs 4,250. The current market price of Larsen & Toubro Ltd. is Rs 3576.25. Larsen & Toubro Ltd., incorporated in 1946, is a largecap company with a market cap of Rs 491945.68 crore, operating in the construction sector. Larsen & Toubro, is a key products/revenue segments include income from construction work, income from manufacturing and trading activities, other services, other operating revenue, property development, commission, service (engineering) and lease rentals for the year ending 31-Mar-2024.

Hyundai Motor India Ltd. was the country’s largest ever. That, however, is not its true significance. More interesting is whether the South Korean automaker’s $3.3 billion IPO will be a trendsetter like Colgate-Palmolive Co.’s listing of its local unit nearly 50 years ago. A comparison with the past may help shed a light on the future. Back then, issuers had to be coerced. India’s foreign-exchange position, never too comfortable, had started looking downright perilous after the 1973 global oil shock. Colgate’s dividend repatriation, many times more than its capital investment, became a lightning rod for lawmakers. They brought in a law to limit multinationals’ holdings in domestic operations to 40%.

Jonathan Schiessl, Deputy CIO, Westminster Asset Management, says when it comes to realty stocks, from a stock market perspective, there is the question of whether the companies at play are playing into the bigger picture or whether they are playing into more regional and local pockets of wealth, etc. So, one has to be careful in the stocks one is looking at. Further Schiessl says in autos, they have some exposure to Maruti, but they are quite selective about that. Tata Motors is having ongoing issues with Jaguar Land Rover and that keeps Schiessl on the sidelines in that sector. What do you make of the real estate market in India if you have been tracking that? The upper end of the market was doing very well, but at some point of time, the cycle was expected to turn. Do you see that happening now or it is still a bit away? Jonathan Schiessl: Yes, it is part of the Indian markets, which we do not do a huge amount of work on, if I am honest. We have looked at a few of the high-end developers previously, but obviously real estate of all industries is very localised. It is difficult to put a broad view on the entire space. But that said, clearly some companies in certain pockets have done extremely well more recently. Clearly, the underlying economy is humming along quite nicely and certain companies in certain localities are doing well but it is not something to focus on too much.

Isha Ambani was recognized with the prestigious Icon of the Year award at the Harper’s Bazaar Women of the Year Awards 2024, held in Mumbai. The event, which celebrated her contributions to the entrepreneurial world, also highlighted her distinctive sense of style as she made a memorable appearance on the red carpet.

Kotak Bank shares will be in focus in today's trade as the private sector lender reported Q2 profit recorded a growth of 5% year-on-year (YoY) to Rs 3,344 crore The bank's net interest income (NII) for Q2FY25 increased 11% YoY to Rs 7,020 crore, from Rs 6,297 crore in the corresponding quarter of the previous financial year.

Eutelsat, the world's third-biggest satellite operator by revenue, launched 20 satellites for its communications network on Sunday, using Elon Musk's SpaceX in its first move since the merger of two European companies last year. A SpaceX Falcon 9 rocket took off with Eutelsat satellites from California's Vandenberg Space Force Base at 0513 GMT. «This is the first OneWeb launch of the satellites since the merger,» CEO Eva Berneke told Reuters in an interview. «We will be launching more satellites over the coming years.»

Bajaj Housing Finance will be in focus today as the company will earnings for the second quarter ended September 2024. In the run up to the results, the shares of Housing have been muted, falling nearly 4%. While there are no estimates of the recently debuted company, it reported that the assets under management (AUM) surpassed Rs 1 lakh crore during the quarter, reaching Rs 1,02,550 crore—a 26% increase compared to Rs 81,215 crore in the same quarter last year.

Jio Financial Services are expected to remain in Focus on Monday following company's Q2 earnings where the company reported a 3% uptick in its net profit to Rs 689 crore for the quarter ended September 2024, versus Rs 668 crore logged in the year-ago period. Revenue from operations in the reported quarter stood at Rs 693.50 crore, up 14% over Rs 608.04 crore posted by the company in the corresponding quarter of the previous financial year.

Subscribe to enjoy similar stories. Puneet Singh, 38, a former sales professional at a Mumbai-based e-commerce company, quit his job three months ago. As someone who had always harboured entrepreneurial dreams, it seemed the right time to level up.

Donald Trump visited a McDonald's in Pennsylvania on Sunday as he stepped up his criticism of Democrat Kamala Harris and dug into his claim, spread without offering evidence, that she never worked at the fast-food chain while in college, as per AP report. The former president visited a McDonalds in Feasterville-Trevose, which is part of Bucks County, a swing area northeast of Philadelphia. Harris has talked during her campaign about her experiences as a fry cook at McDonalds and Trump planned to try his hand before heading to an evening town hall in Lancaster before attending the Pittsburgh Steelers home game against the New York Jets, AP reported. The McDonald's owner, Derek Giacomantonio said, «It is a fundamental value of my organization that we proudly open our doors to everyone who visits the Feasterville community.»

Billionaire Elon Musk is once again using his extraordinary wealth to influence the presidential race between Republican nominee Donald Trump and rival Kamala Harris.

US election 2024 in November, ask the people of Clallam County. The 78,000 folks who live in this strip of mountains, forests and rain-dashed coast in the far northwest of the continental United States haven't been wrong about their presidential pick in almost half a century. as per an AFP report. «Our county is a bellwether county,» explained Rod Fleck, city planner in Forks, a small city in Washington state built on a once-enormous timber industry. «We are the last county that how it votes in November has been an indicator of how the presidential election turns out,» Fleck was quoted as saying by AFP.

Uncertain Smile' by The The is a song that captivates by its sheer coolness. Released first in 1982 as a single, and then re-recorded in 1983 for the album Soul Mining, this track gets you from the very first note. Its distinctive keyboard riff creates a sense of intrigue and anticipation, like a Raymond Chandler novel that's gone even more ironic. Matt Johnson's vocals, distinct and almost served up on a plate, add a layer of sincerity that draws you into the narrative of uncertainty and yearning. The lyrics — 'I've got you under my skin where the rain can't get in/ But if the sweat pours out,/ Just shout/

Afghanistan authorities on Sunday did not permit a Frankfurt-bound Vistara plane to use its airspace as there was a bomb threat, forcing the aircraft to return to Delhi, according to sources. The flight UK25 from the national capital to Frankfurt in Germany was operated with a Boeing 787 aircraft and had more than 240 people onboard, they said. The sources in the know told PTI that the bomb threat was classified as «non-specific» and it was decided that the flight will continue its journey to Frankfurt. However, the Afghanistan authorities did not give permission to overfly its airspace since there was a bomb threat, the sources added.

Harshad Mehta, a character who would have escaped Gen Z but for an OTT web series, continues to cast a spell, reminding RBI officials in the tower, of the sharp practices of Harshad, his cohorts and later generations of wily brokers in the financial markets. Down the years, the guile of these bond market intermediaries has bred in the bones of RBI officials a suspicion and distrust towards brokers who once ripped off institutions, helped banks mask their losses in G-Secs and corporate bonds, and had senior bankers and treasurers eat out of their hands. Though their influence has waned — with the regulator throwing new rules after every shock — RBI remains famously wary about brokers. So much so that brokers are barred from directly dealing on the electronic, screen-based system owned by RBI for G-Sec secondary trades. Called NDS-OM (negotiated dealing system-order matching), orders are matched anonymously, as it happens in the stock market. Direct participants in the market are confined to regulated entities like banks, bond houses, asset managers, insurers and retirement funds — institutions that RBI is comfortable with. Brokers, though regulated by Sebi, remain a dodgy breed in RBI's eyes.

outflow rates on retail deposits in preparation for the upcoming revisions to the liquidity coverage ratio (LCR) rules, which require them to purchase more high-quality liquid assets. The banking regulator is set to issue revised LCR rules to mitigate the risk emanating from mass withdrawals of deposits-an event that triggered the collapse of Silicon Valley Bank in the US. Although the Reserve Bank of India has not yet issued the final guidelines for the revised LCR regulations, banks said that they are likely to be effective April 1 next year. Axis Bank, which declared its second-quarter results last week, said its average LCR has fallen because it applied a higher outflow rate than that prescribed by the RBI. Its LCR was 115%, down 5 percentage points over the June quarter.

UK universities are ranked among the top 100 in the QS World University Rankings 2024. It is important to know the entrance exams you need to pass to study in the UK, as they are necessary for admission to undergraduate and postgraduate certificates, diplomas, and degree programs. The minimum score requirements for the exams change depending on the university, course, or program level.

Ganderbal district on Sunday, officials said. The terrorists opened fire on a camp housing labourers of a private company working on the construction of a tunnel in the Gund area of the district, they said. Two labourers died on the spot while two others sustained injuries, the officials said, adding that further details are awaited.

lathicharge by police on members of Hindu organisations protesting against the desecration of a temple idol here, Union Minister G Kishan Reddy on Sunday accused Chief Minister A Revanth Reddy of an "anti-Hindu attitude". Addressing a press conference, he said some youth were holding a protest peacefully on Saturday against the idol desecration at Muthyalamma temple in Secunderabad. The police «brutally» beat them up, which was not seen in Hyderabad in recent times, he alleged. Even during the Telangana statehood movement, the police did not behave in that way, Kishan Reddy, who is also Telangana BJP president, said. «Why did the chief minister order lathicharge against them yesterday? This is totally anti-Hindu way. This is nothing but pacifying the other sections. Several people were injured. Are they terrorists?,» Kishan Reddy asked.

An investigation revealed traces of low explosives near the blast site, prompting a thorough inquiry by the Delhi Police, the National Investigation Agency (NIA), and the National Security Guard (NSG). Officials at the scene told that traces of low explosives and other materials commonly used in crude bombs were found.

Madhya Pradesh Chief Minister Mohan Yadav has called the inauguration of the Rewa airport's terminal building a Diwali gift by Prime Minister Narendra Modi and said it would boost the development of the Vindhya region. At a function in his Lok Sabha constituency Varanasi in Uttar Pradesh, PM Modi on Sunday inaugurated and laid foundation stones of projects costing more than Rs 6,000 crore. During the event, he virtually inaugurated the terminal buildings in MP's Rewa and those at Maa Mahamaya airport in Darima in Chhattisgarh and Sarsawa in UP, cumulatively worth over Rs 220 crore. Addressing a function in Rewa, CM Yadav said PM Modi has given a very big Diwali gift to the people of Vindhya region even before the festival.