Reports Financial News
19.12 / 11:34
Digital
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Futures muted, Google to pay $700M in antitrust settlement - what's moving markets
Investing.com -- U.S. stock futures were muted on Tuesday following comments from Federal Reserve policymakers that aimed to rein in enthusiasm in financial markets for possible impending interest rate cuts. Meanwhile, Google agrees to pay $700 million to settle a lawsuit brought by U.S. states and consumers over alleged anticompetitive practices at its Play app store, while Tesla (NASDAQ:TSLA) is reportedly eyeing a pay bump for some hourly workers at its battery factory in Nevada.
19.12 / 10:56
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'Opposition-less' Parliament? Here's how many MPs are left in Lok Sabha, Rajya Sabha after record suspensions
MPs were suspended from Parliament during the ongoing Winter Session 2023. The session — which commenced on December 4 — saw 14 suspensions last Thursday, 78 on Monday and 49 on Tuesday. The suspension of Parliament members is the largest in the country’s history.
19.12 / 10:48
Ethereum
BTC
ETF
Bitcoin
Liquidation
reports
crypto volatility
Market Turmoil Triggers Over $215M in Liquidations as 100,000 Traders Face Losses
The crypto market has recently experienced a surge in volatility, leading to more than $215 million in liquidations over the past 24 hours.
19.12 / 10:21
Manufacturing
Hyundai
stage
country
electronic
reports
testing
India's Bharat NCAP prepares to unveil first safety ratings for locally tested cars
Global NCAP, Bharat NCAP is poised to initiate its first round of vehicle testing from the specified date. Formally launched in August, it serves as India's independent vehicle assessment program. India joins the ranks of the United States, China, South Korea, and Japan as the fifth country globally to have its own domestic car crash test facility.
19.12 / 09:52
Manufacturing
economy
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travelers
Japan ups assessment on business mood, holds to view of overall economy
TOKYO (Reuters) — Japan's government upgraded its view on business sentiment for the first time in two months in December as a central bank survey showed broad recovery in the corporate mood thanks to upbeat profits.
19.12 / 09:52
CEO
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Enterprise
Sony
Experts
reports
fall
ZEEL shares fall 5% after Sony Pictures denies agreeing to merger extension deadline
Zee Entertainment Enterprises (ZEEL) fell nearly 5% to the day's low of Rs 267.15 on NSE on Tuesday after Sony Pictures Networks India (SPNI) said that it has not yet agreed to a deadline extension requested by ZEEL for their merger, and is looking forward to knowing how the latter planned to complete the remaining critical closing conditions. The news did not go down well with the investors as significant selling pressure was seen on the counter. At 1:50 pm, over 2.59 crore shares changed hands on the NSE.
19.12 / 09:49
Provident
Racing
Enterprise
Deloitte
country
exclusive
reports
From Musk to Mittal, Ambani to Amazon: Why such a big race for satcom?
satcom, a new way to access the internet as opposed to the traditional telecom networks. The differences over how companies get spectrum has divided the industry. Many want the government to allocate spectrum while others want it to auction it.
19.12 / 09:43
Provident
Target
Manufacturing
Southern
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performer
reports
fall
Cement: Prices fall, but cost tailwinds emerge
₹10 per bag, showed a dealers’ channel check by Nomura Financial Advisory and Securities (India). One cement bag weighs 50 kg. The trade segment is where cement is sold by the manufacturer to the dealers.
19.12 / 09:39
Cummins
social
information
reports
Mumbai
‘Rohit Sharma was informed…’: Mumbai Indians on trade rumours around former captain
IPL auction 2024: The management of Mumbai Indians faced a lot of backlash for their decision to replace Rohit Sharma with Hardik Pandya as the skipper of the IPL team. After the decision, social media was abuzz with rumors about Mumbai Indians planning to trade Rohit Sharma and some other crucial players of the franchise. While speaking with Cricbuzz, the officials of Mumbai Indians denied all such claims and called the reports completely “false".
19.12 / 09:27
reports
travelers
inflation data
Travel and leisure stocks lift European shares, focus on inflation data
(Reuters) — European shares rose on Tuesday led by technology and travel and leisure stocks, with investors gearing up for an inflation print out of the euro zone to gauge when interest rate cuts might begin next year.
19.12 / 08:30
Experts
reports
LTIMindtree share price down 0.88 per cent
LTIMindtree Ltd. traded 0.88 per cent up at Rs 6085.3 at around 01:29PM (IST) on Tuesday. The stock had closed at Rs 6139.5 in the previous session.
19.12 / 08:29
Action
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Experts
reports
recommendations
Kotak Equities downgrades HCL, Persistent Systems after 10% rally on Fed pivot
IT stocks HCL Technologies and Persistent Systems have received a downgrade by Kotak Institutional Equities as the brokerage sees limited upside in the two stocks going ahead. Kotak cut the rating on HCL Technologies to an 'Add' from an earlier 'Buy' and also downgraded Persistent to 'Reduce' from an 'Add'. On Persistent, Kotak said that the stock is currently trading at 33X FY2026E EPS and is expensive after a 22% rally in the past three months. «Rollover to December quarter and 2X increase in multiple factoring in lower macro uncertainty following rate cut path laid out by US Fed lead to 9-16% increase in FVs for IT stocks,» Kotak said in a note Following the downgrade, HCL Tech shares fell 1.7% intraday while Persistent was down by 2% around 12 pm.
19.12 / 08:28
Man
LEGO
consequences
reports
gatherings
ventilators
Indoor air pollution could impact creative potential of occupants, study finds
air quality at offices could negatively impact the creativity of workers, according to a new study. Researchers at the Nanyang Technological University (NTU), Singapore, found that the 87 study participants, all undergraduate and postgraduate students, produced creative output with lower scores when there were high indoor levels of volatile organic compounds, including gases released from products such as detergents, perfumes and paint. They further found that lowering total volatile organic compounds (TVOC) levels in a room by 72 per cent could improve a student's creative potential by 12 per cent. They have published their findings in the journal Scientific Reports. «This could have serious consequences for industries that rely on creativity for the bulk of their work. »For instance, artists often use paints and thinners that release high levels of volatile organic compounds and may not know they need adequate ventilation to clear them from their workplace," said lead researcher Wan Man Pun from the School of Mechanical & Aerospace Engineering, NTU. For the study spanning over six weeks, the researchers recruited undergraduate and postgraduate students in a controlled environment depicting an indoor workspace. Every week across three 40-minute sessions, the participants read a summary of a global issue such as climate change, mental health, and poverty and then offered a solution by building a 3D model using LEGO bricks. The students were then asked to produce a written description and explanation for their models.
19.12 / 08:27
FIVE
rock
reports
gatherings
SOLIDARITY
Section 144 imposed in Manipur's Churachandpur district following fresh violence
Manipur government has imposed prohibitory orders under Section 144 of the CrPC for two months in Churachandpur district following fresh violence, according to an official order. Various parts of the northeastern state have been rocked by ethnic strife since May this year.
19.12 / 08:20
Provident
Art
Extreme
Action
cover
Inside
reports
Reasons Why You Should Buy Home Insurance in India
home insurance plan is so beneficial for you and your family: Damage to the property is one of the biggest worries for homeowners. Damage can happen due to minor accidents within the house or due to larger factors such as a fire. Though you are surely careful, some eventualities are out of your control.
19.12 / 08:16
film
President
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Parliament winter session: 128 Opposition MPs suspended from Lok Sabha, Rajya Sabha in two days
MPs including Shashi Tharoor, Dimple Yadav and Manish Tewari suspended from Lok Sabha on Tuesday. As per the latest updates, Lok Sabha Chairman Om Birla on Tuesday suspended NCP leader Supriya Sule, Congress MPs Manish Tewari, Shashi Tharoor, Md Faisal, Karti Chidambaram, TMC's Sudip Bandhopadhyay, Samajwadi Party's Dimple Yadav and Bahujan Samaj Party's Danish Ali for the remainder of the winter session of Parliament. Minister of State for Parliamentary Affairs Arjun Ram Meghwal brought the motion to suspend the members.
19.12 / 08:13
Provident
Assurant
Mobile
show
performer
reports
testing
Upcoming Maruti Suzuki cars in India this upcoming year: New Swift, eVX electric SUV, more
Maruti Suzuki is anticipated to sustain this momentum by unveiling additional new products, reported HT Auto. During the February 2023 Auto Expo, Maruti Suzuki unveiled the eVX electric SUV concept, providing a glimpse of their upcoming all-electric SUV. Suzuki then presented an enhanced version of the concept at the Japan Mobility Show later in the year.
19.12 / 08:12
Digital
Career
Platform
Strategy
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information
reports
82.85% of Gen Y prefer investing in mutual funds, shows survey
fixed-income investments, is leading efforts to address the mental health dimensions of wealth creation. This groundbreaking report, developed in collaboration with Amaha, a mental health organization, reflects an increasing recognition of the interconnectedness between financial and mental well-being.
19.12 / 08:11
Aviat
Airlines
awards
reports
SpiceJet expresses interest in buying bankrupt Go First
Go First has remained grounded since May. The airline has a fleet of 54 Airbus SE A320neos.
19.12 / 08:09
Target
Airlines
Experts
reports
week
SpiceJet shares hit new 52-week high after company expresses interest in acquiring Go First
₹69.20 apiece. This follows a substantial 20% surge in the previous trading session. SpiceJet's stock has been garnering attention in recent weeks due to various positive developments.
19.12 / 07:13
Target
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Experts
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Rerating 2.0? Motilal raises target prices of SBI, 5 other PSU bank stocks
SBI, Bank of Baroda, Indian Bank, Union Bank, Canara Bank, and PNB. «A reflection on PSBs valuation history may cause trading multiples to look constrained, however the quality of earnings, growth outlook and broader re-rating in PSU entities will nevertheless enable steady performance of the sector,» Motilal analysts including Nitin Aggarwal said. Stating that PSBs are likely to report a 10% CAGR in deposits over FY23-26, Motilal said most PSU banks are well positioned in terms of liquidity, with their LCR well above the regulatory requirement of 100% (135-160%), indicating their resiliency and the competitive advantage they have over their private peers, especially in the current rate environment. The analysts noted that overall, PSBs have been able to maintain better margins as a significant proportion of their loans are linked to MCLR (6-12 months’ tenure), which has led to lagged re-pricing of advances portfolio. Stock ideas Motilal's top picks among the PSU bank basket are SBI, BoB, and Canara Bank. For SBI, it has raised the target price from Rs 700 to Rs 800, BoB from Rs 240 to Rs 280, Indian Bank from Rs 460 to Rs 525, Union Bank from Rs 130 to Rs 150, and Canara Bank from Rs 440 to Rs 550. While the brokerage has buy ratings on the above 5 stocks, it has a neutral rating on PNB but the price target has been increased from Rs 75 to Rs 90. In the last 5 months, the Nifty PSU Bank index is up over 40% with Central Bank, IOB, PNB, and Union Bank rallying between 7-90%. (You can now subscribe to our ETMarkets WhatsApp channel) (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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