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GMM Pfaudler, domestic brokerage firm Ambit has initiated coverage on the stock with a «Buy» rating and a 24-month target price of Rs 2,400, suggesting a substantial 89% upside for the stock. “GMM trades at 30x FY26E P/E (12x EV/EBITDA), a 25-35% discount to its peers given earlier growth/margin issues due to deceleration in end-user capex. Valuations should re-rate with end-user capex uptick driving earnings rebound. We bake in 9%/12%/14% rev/EBITDA/FCF CAGR and expect GMM to scale 5x over FY24-41E (7x, FY19-24),” said Ambit in its report.

Prateek Group will invest over Rs 2,000 crore to develop a luxury housing project at Siddharth Vihar in Ghaziabad as part of its expansion plan amid strong consumer demand. The company on Friday announced launch of its new project 'Prateek Grand Begonia', spanning around 15 acre and comprising 2,400 flats. «We have already developed and delivered 4,500 flats in Siddharth Vihar. We are now starting a new housing project which is suitable for both end users and investors,» Prateek Group CMD Prashant Tiwari told reporters here. The company will sell 1,200 flats in the first phase. It will take only 30 per cent of the cost from customers at the time of booking and the remaining 70 per cent at the time of possession.

V Narayanan is set to take over as Isro chairman on January 14. He will also serve as secretary of the Department of Space and chairman of the Space Commission, succeeding S. Somanath. While talking to reporters, he recently revealed the missions he will be focussing on. Narayanan outlined several key projects for ISRO, including Chandrayaan-4, a mission to return lunar samples; Gaganyaan, a human spaceflight program; and the development of a space station. «We have already charted our programmes for a year or two, and these include series of experiments for human missions… We will be conducting a docking experiment of the SpaDex satellite, which is crucial for Chandrayaan and space station missions. This month-end, we plan to launch the second series of navigation satellites using a GSLV,» he told reporters on Wednesday.

Subscribe to enjoy similar stories. For many first-time investors, stock analysis can feel like navigating a maze of numbers and jargon. But here's the truth: It's not as complicated as it seems.

Subscribe to enjoy similar stories. WASHINGTON—The Supreme Court refused to block President-elect Donald Trump’s criminal sentencing for covering up hush money paid to adult-film star Stormy Daniels, clearing the way for an unprecedented court proceeding Friday in New York.

Nvidia on Thursday criticised a reported plan by the Joe Biden administration to impose new restrictions on AI chip exports, saying that the outgoing US leader should not «preempt incoming President Trump» by enacting a last-minute policy. «We would encourage President Biden to not preempt incoming President Trump by enacting a policy that will only harm the US economy, set America back, and play into the hands of U.S. adversaries,» Nvidia Vice President Ned Finkle said in an emailed statement. The US Commerce Department and the White House did not immediately respond to Reuters' requests for comment outside regular business hours.

Nakdu Yadav, a wanted criminal with a long history of violent crimes, managed to outwit law enforcement for more than three decades. By assuming the identity of "Nandlal Yadav," he infiltrated the UP Home Guards, working under the very system that once sought to apprehend him. His ruse remained intact until an unexpected betrayal by his own family led to the revelation of his past and his subsequent arrest, as reported by TOI.

Ashok Leyland Ltd. traded 2.11 per cent in Friday's trade at 01:38PM (IST). Around 300,728 shares changed hands on the counter. The scrip opened at Rs 214.15 and touched an intraday high and low of Rs 214.45 and Rs 207.60, respectively, in the session so far. Shares of the company of Ashok Leyland Ltd. quoted a 52-week high of Rs 264.70 and a 52-week low of Rs 157.65.

Tata Power Company Ltd. 1.93 per cent to Rs 360.00 in Friday's trade as of 01:33PM (IST) even as the benchmark Nifty ruled at 23507.2, 19.3 points. The scrip had closed at Rs 367.10 in the previous session. The stock quoted a 52-week low of Rs 335.30 and a high of Rs 494.85. The company quoted a market-cap of Rs 115160.04 crore on the BSE.

Subscribe to enjoy similar stories. Nostalgia is likely to trend in 2025 as well, going by runway fashion, and the Golden Globes, the year’s first red carpet event and a fashion pageant of sorts.

Subscribe to enjoy similar stories. The Insolvency and Bankruptcy Board of India (IBBI) has recommended the addition of a stage for voluntary mediation in insolvency cases filed by operational creditors, based on the findings of its expert committee and the Indian Institute of Insolvency Professionals of ICAI (IIPI).

Subscribe to enjoy similar stories. Tata Consultancy Services Ltd (TCS) delivered what the Street had been eagerly awaiting—an optimistic demand outlook. The management of the IT services major highlighted early signs of recovery in discretionary demand across key sectors such as banking, financial services and insurance (BFSI), and consumer, during its December quarter (Q3FY25) earnings call.

Subscribe to enjoy similar stories. Wildfires in California aren’t all wild anymore. They often burn in urban areas, creating a toxic soup of smoke, ash and noxious substances that can be dangerous, even deadly.

BNP Paribas Securities has a neutral call on MphasiS with a target price of Rs 2,900. The current market price of MphasiS is Rs 2927.05. MphasiS, incorporated in 1992, is a Mid Cap company with a market cap of Rs 54917.92 crore, operating in the IT Software sector. MphasiS' key Products/Revenue Segments include Computer Software for the year ending 31-Mar-2024.

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Tata Consultancy Services said its net profit grew to Rs 12,380 crore in the third quarter of fiscal 2025, clocking a lower-than-expected expansion of 3.9% sequentially and 5.5% year-on-year as demand slowed in its primary markets across the US and the UK amid the holiday season.

Indira Gandhi International Airport (IGI) issued an advisory cautioning passengers about potential disruptions to flights due to poor visibility. While the exact number of affected flights and trains was not immediately available, authorities expect to release updates later in the day.

lab-grown diamonds, is in talks with private equity fund Creaegis to raise $80-100 million at a valuation of $470-500 million, people in the know said.

Just Dial, TCS, IREDA, Adani Wilmar, Adani Total Gas among others will be in focus due to various news developments and third quarter results. Just Dial, PCBL, CESC Shares of Just Dial, PCBL and CESC will be in focus as the companies will announce their third quarter results today.

Financial Services, the non-bank lending arm of HDFC Bank, is expected to soon launch a Rs 12,000-crore IPO. According to a report by Macquarie Capital, while the non-bank lender commands valuations similar to Bajaj Finance in the unlisted markets, its return on assets is 30% lower than Bajaj Finance. The company is a good bet based on its potential for an improvement in return on assets driven by margin expansion, and lower credit costs given its best-in-class underwriting standards, says the brokerage.

San Diego County Supervisor Jim Desmond discusses the impact of Californias policies on residents amid uncontained wildfires.