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dollar inflows related to the rejig of MSCI's global equity indexes, which helped it sidestep weakness in regional peers after U.S. President-elect Donald Trump's tariff threat rattled markets. The rupee was at 84.23 against the U.S. dollar as of 09:40 a.m. IST, its highest level in nearly three weeks, following its previous close of 84.2875. The dollar pared early gains made in Asia trading after Trump said he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China.

Max Healthcare Institute Ltd. 2.6 per cent to Rs 995.40 in Tuesday's trade as of 10:10AM (IST) even as the benchmark Nifty ruled at 24246.8, 24.9 points. The scrip had closed at Rs 970.10 in the previous session. The stock quoted a 52-week low of Rs 599.30 and a high of Rs 1117.05. The company quoted a market-cap of Rs 96629.93 crore on the BSE.

Tube Investments of India Ltd. 2.14 per cent to Rs 3472.40 in Tuesday's trade as of 10:05AM (IST) even as the benchmark Nifty ruled at 24243.3, 21.4 points. The scrip had closed at Rs 3399.50 in the previous session. The stock quoted a 52-week low of Rs 3258.95 and a high of Rs 4807.05. The company quoted a market-cap of Rs 67552.65 crore on the BSE.

Apollo Tyres Ltd.(up 1.33 per cent), Balkrishna Industries Ltd.(up 0.71 per cent), Exide Industries Ltd.(up 0.53 per cent), MRF Ltd.(up 0.08 per cent) and Bharat Forge Ltd.(up 0.04 per cent) were among the top gainers.

Bath & Body Works fiscal third-quarter performance topped analysts’ estimates thanks to strong sales and the retailer boosted its full-year outlook

Applicants are required to put forward research proposals which cover areas the FCA could have an influence on, such as growth and productivity of the UK financial services sector, its international competitiveness, as well as ways to support the country's economy and consider regulatory impacts. Financial services firms rush to AI despite lack of understanding of its functions «We recently reviewed what research had been done into the role regulation can play in supporting growth and competitiveness, and we found the pool was a mile wide and an inch deep,» Kate Collyer, chief economi...

The price band for the Issue is Rs 10 lac to Rs 10..5 lac per unit, and it will open for subscription on 2nd December, 2024. The minimum bid size is 1 unit. “The IPO is a fresh issue of Platina units with no offer-for-sale component. The Offer Proceeds are proposed to be utilised primarily for acquiring the Prestige Tech Platina asset by the Platina SPVs, with the remaining utilised for other general corporate purposes,” the company said.

Subscribe to enjoy similar stories. Crompton Greaves Consumer Electricals Ltd’s shares have gained 9% since its September quarter results (Q2FY25) were released around mid-November. Consolidated gross margin expanded year-on-year, pushing Ebitda growth to 16.5%, ahead of 6% revenue growth.

bribery scandal in the US will not have a material impact on billionaire Gautam Adani's businesses, Rajiv Jain's GQG Partners on Monday said there is no change in its investment thesis on Adani Group companies. Before the scandal broke out, GQG's total exposure to Adani Group companies stood at $9.7 billion which was about 6.1% of its total assets. «We believe this level of exposure is manageable, even given the volatility in Adani Group stocks,» GQG Partners said in a memo, adding that the fundamentals of the companies the boutique investment firm is invested in remain sound.

Subscribe to enjoy similar stories. Any discussion on corporate leadership is incomplete without mentioning its three core pillars: strategy, competitiveness and achievement orientation. These essentials become convoluted in the age of social media, where self-promotion often borders on narcissism and overshadows the interests of others and society.

The facility, known as the February 11 plant, is part of the Ryongsong Machine Complex in Hamhung, North Korea's second-largest city, on the country's east coast. Sam Lair, a research associate at the James Martin Center for Nonproliferation Studies (CNS), located at the Middlebury Institute of International Studies at Monterey, said the plant was the only one known to produce the Hwasong-11 class of solid-fuel ballistic missiles. Ukrainian officials say these munitions — known as the KN-23 in the West — have been used by Russian forces in their assault on Ukraine.

According to research conducted by the Bank of England and the Financial Conduct Authority on AI in UK financial services, three quarters of firms are already using AI, with scope for a further 10% to implement the technology over the next three years.  This marks a significant uptick in the figures from the 2022 joint BoE and FCA Machine learning in UK financial services survey, where the responses stood at 58% and 14%, respectively.  But despite the rush to implement this technology, almost half (46%) of respondent firms admitted to only having ‘partial understanding' of the AI tech...

Subscribe to enjoy similar stories. The thumping victory of the Bharatiya Janata Party and its allies (Mahayuti) in Maharashtra assembly election means political stability with more synchronization of economic policies between the Centre and the state. The Mahayuti coalition’s promise of increased focus on planned urban development in Mumbai bodes well for real estate developers, construction, and infrastructure stocks.

Subscribe to enjoy similar stories. Globally, women are the ones who have been managing household finances. However, when it comes to business finances, women are significantly under-represented.

Subscribe to enjoy similar stories. Scott Bessent spent the past 40 years studying economic history. Now, as Donald Trump’s choice to lead the Treasury Department, he has the chance to make his mark on it.

Bandhan Bank Ltd. 1.47 per cent to Rs 172.50 in Monday's trade as of 11:36AM (IST). The stock hit a high price of Rs 174.75 and low of Rs 172.45 during the session.

Punjab National Bank 5.24 per cent to Rs 105.06 in Monday's trade as of 10:05AM (IST). The stock hit a high price of Rs 105.16 and low of Rs 102.96 during the session. The return on equity (ROE) for the stock stood at 8.92 per cent. Traded volume on the counter stood at 10:05AM shares and turnover at Rs 13.08 crore around that time. The stock of Punjab National Bank quoted a 52-week high price of Rs 142.90 and 52-week low prices of Rs 75.60, respectively.

stock market. The net asset values (NAVs) of several funds launched recently have shed as much as 21% from their offer price of Rs.10 per unit. Some of the most impacted have been the passive schemes based on defence, PSU, tourism and metal indices, and momentum based strategies. Their NAVs are between Rs.8 and Rs.9 now, indicating a 10-20% fall. While the decline in defence and PSU stocks began in July, the drop precipitated from 27 September onwards when the broader sell-off commenced, triggered by strong foreign institutional outflows. During this period, the Nifty 50 fell 10.44%, the Nifty Midcap 150 fell 10.9%, while the Nifty Smallcap 250 fell 9.1%. The Defence index dropped 10.25%, the PSU index shed 11.7% and the Metal index has declined 12.28% since 27 September.

HDFC Bank, HCL Tech, Zomato, RVNL among others will be in focus due to various news developments. Indian Bank The Financial Services Institutions Bureau (FSIB) recommended Binod Kumar for the post of MD of Chennai-based Indian Bank.

Subscribe to enjoy similar stories. While it is uncertain whether the market might dip 2% before rising, for those seeking decent returns and investing with a long-term perspective, any time is a good time to invest, says Sunil Singhania, founder of Abakkus Asset Manager. “This correction could be an opportunity to boost returns by buying stocks 10-15% cheaper," he believes.

Subscribe to enjoy similar stories. Mumbai: Two days before a US court indicted senior officials of Adani Green Energy for allegedly bribing Indian state government officials to secure lucrative power contracts, bulls on two of the group companies' derivatives counters slashed their long positions, saving them from massive losses that hit the group shares after the news broke. A report of the allegations, dismissed as "baseless" by the Adani Group, surfaced early on Thursday morning, leaving investors with a ₹2.24-trillion hole in their pockets at the end of the day.