Gap Financial News
28.02 / 10:22
UPS
Career
Gap
testing
Updates
cricket
Jaiswal rises to 12th, Jurel to 69th in ICC Test rankings
India's latest batting sensation Yashasvi Jaiswal advanced towards a top-10 spot in the ICC rankings for Test batters by climbing three spots to 12th while his compatriot Dhruv Jurel leapfrogged 31 places to 69th on Wednesday. Jaiswal, who started the series in 69th position, continues his ascent to the top after scores of 73 and 37 in the fourth match of India's ICC World Test Championship series against England in Ranchi. Player of the Match Jurel's scores of 90 and 39 has jumped a whopping 31 places while former England captain Joe Root is back in the top three. Root, a formerly top-ranked batter, struck an unbeaten 122 in the first innings in Ranchi to move up two places to third position. He also moved up three spots to fourth among all-rounders.
28.02 / 05:29
Target
Manufacturing
Gap
Food
Trade
Courts
International
Wipro shares trading at expensive valuation, offer little margin of safety, says Kotak Equities; downgrades to ‘Sell’
Wipro to ‘Sell’ on unattractive risk-reward and has revised the target price on the stock to ₹440 per share from ₹430 earlier, following a sharp 34% stock upmove in the past three months. It believes Wipro stock is expensive at 21X FY2026E earnings and trades at just 6-9% discount to Infosys and HCL Technologies despite significantly weaker fundamentals. Also Read: Vodafone Idea share price falls over 4% after board approval to raise ₹45,000 crore “Wipro has materially underperformed peers such as Infosys and HCL Technologies on growth in the past several years and yet commands hefty multiple of 21X FY2026E earnings, at just a 6-9% discount.
28.02 / 05:19
Target
Gap
economy
Align
Remark
wellness
country
India grapples with climate policy dilemma amid renewable energy expansion: BP Economist insights
renewable energy capacity, it faces a conundrum, despite targets for renewable power generation, the nation is poised for significant growth in fossil fuel-fired power generation in the coming years. This dilemma, highlighted by BP chief economist Spencer Dale, underscores the mounting sense of «frustration and anger» in developing economies over Western-imposed climate policies. «Even if that happens, the country will still need to boost coal- and/or gas-fired generation to meet forecasts of energy demand growth», Dale said.
28.02 / 03:09
Citi
Provident
Platform
Gap
Pool
Metro
show
OfficeBanao and 91Squarefeet see boom in business from Tier-2 cities for office interiors
Small-town entrepreneurs are increasingly looking for modern office interiors, much like large corporates in metro cities, leading to a surge in demand for workspace interior companies, said industry executives. From local builders to garment traders and exporters, small-town businesses are investing heavily in renovating their offices with collaboration areas, modern ceilings and open chambers, they said. Lightspeed-backed workspace interiors platform OfficeBanao said 70% of its business comes from smaller cities as the next generation is investing in improving the office ambience.
27.02 / 12:13
markets
Gap
NVIDIA
rights
Nasdaq 100 Holds Breath Ahead of PCE Data, 7-Year Auction: What to Watch for Today
Stocks finished the day lower, with the S&P 500 dropping about 40 bps and the Nasdaq 100 finishing flat. Not much changed materially.
27.02 / 10:57
COST
Digital
Gap
economy
country
Traffic
Large OTTs contributing to digital infra creation won't raise costs for end users: GSMA's Gorman
digital infrastructure that they use to generate large revenue, a top executive at global telecom industry body GSMA said, adding that a revenue share with telcos won’t lead to higher content costs for consumers. Julian Gorman, head of Asia Pacific at GSMA, told ET that the increasing demand for content is pushing telcos to make higher investments in expanding the digital infrastructure, leading to an investment gap, which needs to be addressed at a global level. “The concept of fair share is being discussed broadly across the world… I think the challenge, the overall problem is how the countries in the world build the infrastructure to support the digital future,” said Gorman.
27.02 / 08:29
markets
UPS
Gap
WhatsApp
trends
Trade
Shriram Finance stock price down 6.91 per cent as Sensex climbs
Shriram Finance Ltd. fell 6.91 per cent to Rs 2313.5 at 01:49PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 58,209 shares with a turnover of Rs 13.77 crore till 01:49PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 13.12, while the price-to-book value ratio stood at 1.08.
27.02 / 08:29
markets
Gap
WhatsApp
Trade
Voltas shares decline 0.08% as Sensex climbs
Voltas Ltd. traded at Rs 1096.85 on BSE at 01:44PM (IST) on Tuesday, down 0.08 per cent from previous close. The stock quoted a 52-week low price of Rs 745.0 and a high of Rs 1114.85.
27.02 / 06:27
markets
UPS
Target
Digital
Gap
Metro
audience
Better broadband penetration, more Connected TVs
within the Indian TV industry, highlighting the transformation in audience media consumption patterns. “When we published the first edition in December 2022, we had forecasted that addressable TV household is expected to surpass 40 million by 2025. And we are very happy to admit that the rapid growth and the potential this medium has shown has exceeded all our expectations," said Rajiv Rajagopal, head-advanced TV, GroupM Nexus.
27.02 / 06:27
COST
UPS
Gap
wellness
trends
IT index outperforms Nifty in 2024 but is all really well with the sector? Here's what investors should know
Wipro, TCS, Mphasis, Coforge, and Persistent Systems and an over 40 percent decline at Tech Mahindra doesn’t support sharp recovery hopes as deal durations are rising," said Ambit. The brokerage retains a view of modest growth improvement in FY25E and a fall in Tier-1 margins (contrary to street hopes of increases). It believes that Tier-1/Tier-2 one-year forward P/E premium of 55 percent/116 percent to pre-Covid 3-year average looks unsustainable.
27.02 / 05:25
markets
UPS
Gap
WhatsApp
Trade
electronic
BEL shares rise 1.39% as Sensex slides
Bharat Electronics Ltd. traded at Rs 206.95 on BSE at 10:35AM (IST) on Tuesday, up 1.39 per cent from previous close. The scrip quoted a 52-week low price of Rs 89.68 and a high of Rs 208.95.
27.02 / 04:29
Gap
Food
Research
Experts
poverty
stage
recommendations
India’s poverty rate declined to 4.5-5% in 2022-23: SBI Research
rural poverty declining to 7.2% from 25.7% in 2011-12 and urban poverty down to 4.6% from a decade ago period, according to the new Household Consumption Expenditure Survey data. SBI Researchers estimated the new poverty line or the basic level of consumption required was Rs 1,622 for rural areas and Rs 1,929 for urban areas. “Rural Poverty has thus staged a significant 440-basis point decline since 2018-19 and Urban Poverty a 170-basis point decline post pandemic….This indicates that many
27.02 / 01:55
UPS
Gap
economy
trends
Trade
International
ET poll sees India's growth at 6.6% in Q3, 7% for FY24
economists, decelerating from 7.6% in the preceding three months. Forecasts ranged from 6% to 7.2% for the quarter ended December. The Reserve Bank of India estimates the economy to have grown 6.5% in the period. The government is scheduled to release the data on Thursday. Monetary policy may weigh «A slowdown in state-led capex, which has been propelling investment, likely contributed to the expected deceleration in Q3,» said Rahul Bajoria, managing director and head of EM Asia (ex-China) economics at Barclays.
26.02 / 21:35
Aware
Gap
security
Sustainability
Research
social
Most near-retirees lacking in Social Security knowledge
A recent study conducted by MassMutual has unveiled a worrying gap in knowledge about Social Security benefits among Americans approaching retirement.
26.02 / 20:14
Target
Ball
Gap
security
track
testing
Equality
Fourth Test: Shubman Gill, Dhruv Jurel weather England spin storm to guide India to five-wicket win
No praise can be too high for how Shubman Gill and Dhruv Jurel channelled their sense of purpose to secure a major victory for India in Ranchi. Two upright batsmen, both playing with straight bats and nimble feet, accessing areas of the ground with little risk, put on an unbeaten stand of 72 to seal the deal. Gill, with a two-day stubble and batting in a cap against the spinners, was the picture of calm.
26.02 / 19:03
JPMorgan
Gap
Eagle
Universities
cover
Department
rights
JPMorgan raises Gap, adds American Eagle Outfitters to positive catalyst watch
JPMorgan upgraded Gap, Inc. (NYSE:GPS) to Neutral, added American Eagle Outfitters (NYSE:AEO) to its positive catalyst watch list, and removed Savers Value Village (SVV) from its analyst focus list in a wide-ranging note covering department stores and specialty softlines on Monday.
26.02 / 11:17
markets
Manufacturing
Gap
NVIDIA
Trade
reports
Features
Nasdaq 100 Needs to Break Out Early This Week to Avoid a Top: Key Levels to Watch
Stocks finished the week higher following the Nvidia-led rally on Thursday.
26.02 / 08:57
26.02 / 08:01
markets
Gap
WhatsApp
Trade
Colgate-Palmolive
Colgate-Palmolive shares decline 1.19% as Sensex slides
Colgate-Palmolive (India) Ltd. traded at Rs 2516.85 on BSE at 01:08PM (IST) on Monday, down 1.19 per cent from previous close. The scrip quoted a 52-week low price of Rs 1446.9 and a high of Rs 2620.0.
26.02 / 07:09
Citi
Digital
Gap
security
Remark
show
inclusion
Digital lending beckons distant Indian towns as MF units and shares gain traction as a collateral
Financial inclusion has been one of the primary goals that the Government of India wants to achieve through its various initiatives. Access to efficient credit on demand is one of the important factors that will help in achieving this goal.
26.02 / 06:51
Provident
FIVE
Gap
Food
pandemic
country
reports
Mint Explainer: What the latest survey of household consumption spending reveals
₹3,773 a month on average as consumption expenditure in 2022-23 while her urban counterpart spent ₹6,459, the Ministry of Statistics and Programme Implementation’s (MOSPI’s) National Sample Survey Office (NSSO) estimated after a nationwide study of households’ spending patterns. Of this, consumers in rural India spent about 46% on food and those in urban areas about 39%. Other expenses include health, education, rent, clothing and conveyance.
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