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Centrum Broking has a buy call on Emami with a target price of Rs 720. The current market price of Emami is Rs 571. Emami., incorporated in 1983, is a Mid Cap company with a market cap of Rs 25015.82 crore, operating in the FMCG sector. Emami's key products/revenue segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2024.

Subscribe to enjoy similar stories. India is set to present its Union budget this year against a backdrop of fragile economic environment, inflationary pressures, global uncertainties, and growing fiscal demands. Policymakers are advocating for a balance between growth stimulus and the need to maintain fiscal discipline.

Subscribe to enjoy similar stories. Positive vibes on the broader market indices have kept their upward momentum on the last day of January expiry, with gains across the board being displayed by major indices largely riding on mixed global cues following the US Federal Reserve's decision to pause rate hikes. Market breadth was quite positive on 30 January.

Civil rights activists have gathered outside Target's Minneapolis headquarters to call for a boycott of the retailing giant over its decision to phase out its diversity, equity and inclusion initiatives

The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little relief for prospective home shoppers looking ahead to the spring homebuying season

economic growth, and expectations are high that Nirmala Sitharaman will address the matter. Contributing to the loss of momentum has been a slowdown in government expenditure, with divergent trajectories under revenue and capital heads. Revenue expenditure is growing faster than budgeted, while capex is well below target. With tax revenue slowing down, any fiscal gains could come from lagging capex. Admittedly, gov capex has been on a tear since the pandemic, and there will be knock-on effects on growth if it cannot hold on to its share of GDP.

Walmart Canada said on Thursday it is investing about C$6.5 billion ($4.51 billion) to build new stores and expand its supply chain, marking its biggest ever investment since opening its first store nearly 30 years ago.

Experts say homeowners with variable mortgage rates will benefit from lower monthly payments after the Bank of Canada‘s latest cut to its key policy rate.

Kotak Institutional Equities on Thursday said it has initiated coverage on renewable power player ACME Solar Holdings with a ‘buy’ rating at a target price of Rs 320 per share, which implies a potential upside of over 52% from the stock’s current levels. ACME Solar shares closed 10% higher on Thursday at Rs 210.80 on the BSE. The brokerage highlighted ACME's aggressive expansion in India's renewable energy sector and its exceptional growth potential, supported by an increasing focus on hybrid and firm dispatchable renewable energy (FDRE) projects.

Subscribe to enjoy similar stories. BTB Marketing, a wholly owned subsidiary of B9 Beverages Ltd, is targeting ₹200 crore in revenue by FY26 with plans to expand its popular beer chains and taproom outlets across cities. The company aims to open 25 new outlets, with most of the growth set to come from The Beer Cafe chain, which has 51 locations nationwide, Rahul Singh, vice president of the pubs and taprooms division at the company, told Mint.

Subscribe to enjoy similar stories. Cement is fundamental to infrastructure development and plays a crucial role in a country's economic progress, with its demand closely linked to the growth of the nation. In India, this demand is driven by government investment in infrastructure projects like roads, railways, and housing.

«Going forward, again, I believe Doji Candles of the previous day, I think yesterday we had a strong bull candle, going forward we believe 23,300, yes, has been working as a multiple resistance for last few trading sessions but we expect that to surpass and we should be looking for a target of around 23,700 which is again a 200-day moving average,» says Dharmesh Shah, ICICI Direct. What is the sense on the markets? Dharmesh Shah: Yes, definitely after a sharp weakness in the last few trading sessions, we see more of a technical pullback happening for the markets. And the most important part was we reverted from the major support of 22,800 which has been holding in last few trading sessions.

Subscribe to enjoy similar stories. Tata Motors Ltd’s shares nosedived to a new 52-week low of ₹683.20 apiece on Thursday, following muted December quarter (Q3FY25) results accompanied by adverse management commentary, especially with regards to its Jaguar Land Rover (JLR) business. The management has lowered JLR revenue guidance by 3% for FY25, while remaining optimistic of improving JLR wholesale sales further in the March quarter (Q4FY25) led by seasonality even as demand is particularly slow in China.

Subscribe to enjoy similar stories. As is usually the case, India’s Union budget for 2025-26, to be announced on 1 February, is expected to attract a lot of attention from different stakeholders in the economy, particularly with its growth momentum having sprung a significant downside surprise in 2024-25.

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The central bank hiked borrowing costs aggressively from mid-2022 to tame runaway energy and food costs, but is now bringing them back down as price rises slow and the eurozone economy looks weak.

Subscribe to enjoy similar stories. The Union budget, which lays out a roadmap for India’s fiscal and financial reforms, is a widely anticipated event every year. Over the years, various governments have tried to strike a balance between economic growth and social equality through allocation of the resources in their budgets.

DeepSeek's global success with pride and glee, with some saying the homegrown AI startup's meteoric rise is a sign China is beating back Washington's attempts to contain the country's tech industry.

Siddhartha Khemka, Head-Retail Research, MOFSL, says cement demand is showing signs of recovery in various sectors, including housing and infrastructure, both in rural and urban areas. A good monsoon is expected to boost demand, particularly from rural regions. Additionally, with the upcoming Budget, there are hopes that government spending, which has been low this year, will increase significantly next year, aiming for a 10% to 15% growth in capital expenditure. This should positively impact the overall cement industry. In cement, Khemka says, UltraTech is their preferred pick, followed by JK Cement among the midcaps. Within the fertiliser space, the pick is Coromandel International. What do you make of the market setup right now? Do you think the bulk of the poison is out of the system or do you think there is going to be another couple of weeks of volatility and perhaps at the end of next week, after the Delhi election outcome, etc, is out, that the market will finally stabilise and pick up a direction. Siddhartha Khemka: The major worry for us from the market perspective is the earnings and that has been something which has been a bit subdued and I would say only until the end of the result season, we could see some stability. Based on whatever numbers that have come so far and the outlook for Q4, even Q4 does not look to be a very strong quarter.

When you imagine your dream job in banking, you might imagine it on Wall Street, or in the City of London. It might actually be in Washington DC – or in Westminster.

The Bank of Canada cut its benchmark lending rate by 25 basis points to three per cent in a move that was widely expected by investors and economists, but what comes next is up in the air given the looming trade war with the United States.