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Subscribe to enjoy similar stories. China’s central bank again vowed to help the economy grow this year, firming expectations of more monetary easing as it walks a fine line between conflicting policy targets complicated by a possible trade war with the U.S.

In a stock exchange notice today (14 January), HRI's board said that, having checked with publicly available data sources and press articles, the trust «has materially outperformed» the Saba Capital Master fund. Launched in August 2009, Saba Capital Master is a current shareholder in HRI as well as in six other trusts, which were targeted last month in a letter by the hedge fund calling for general meetings at all seven firms to reconstitute their respective boards of directors. Herald investment trust hits back at Saba over proposed cash exit strategy According to HRI's board res...

Subscribe to enjoy similar stories. Which countries should shell out more to save the planet? That is one of the big questions being asked at COP29, the UN’s climate summit in Baku this month. A common answer is China, which Westerners accuse of contributing too little to efforts aimed at helping poor countries cope with climate change.

BNP Paribas Securities has an underperform call on Redington with a target price of Rs 158. The current market price of Redington is Rs 205.8. Redington, incorporated in 1961, is a Mid Cap company with a market cap of Rs 16074.85 crore, operating in IT — Hardware sector. Redington's key products/revenue segments include Computer Hardware, Sale of services and Other Operating Revenue for the year ending 31-Mar-2024.

Subscribe to enjoy similar stories. • Voltas: Sell rallies to ₹1650, stop ₹1675, target ₹1590 After a sharp breakdown in this counter, the revival in the prices looks limited. As the selling pressure intensifies, the constant supply could drag prices lower.

The major orders include communication equipment, electro-optics, upgrades for the satcom network, radar & fire control systems, spares, services, etc.

buy call on Senco Gold with a target price of Rs 1,450. The current market price of Senco Gold is Rs 1,053.75. Senco, incorporated in 1994, is a Small Cap company with a market cap of Rs 8642.84 crore, operating in the Gems and Jewellery sector. Senco Gold Ltd. key Products/Revenue Segments include Diamonds/Gems/Jewellery and Other Operating Revenue for the year ending 31-Mar-2024.

Angel One shares to remain in focus on Tuesday, January 14, after the company reported an 8% year-on-year (YoY) jump in its December quarter consolidated net profit to Rs 281.47 crore, compared to Rs 260.31 crore reported in the same period last year. The revenue from operations in Q3FY25 stood at Rs 1,262.20 crore, a 19.2% increase over Rs 1,059.04 crore posted in the corresponding quarter of the previous financial year.

HCL Technologies shares will remain in focus on Tuesday, January 14, after the IT services company reported 6% growth in its consolidated net profit at Rs 4,591 crore for the quarter ended December 2024. The same stood at Rs 4,350 crore a year ago. Revenue from operations in the third quarter rose 5% to Rs 29,890 crore, compared with Rs 28,446 crore in the same quarter of last year.

Subscribe to enjoy similar stories. The leader of Canada’s energy-rich province of Alberta, Danielle Smith, met with President-elect Donald Trump and his team at Mar-a-Lago, Fla., this past weekend to try to convince them that a trade war would be bad for both countries. She came home resigned to a fight.

Subscribe to enjoy similar stories. With inflation a bugbear for policymakers, it’ll be a relief that the year-end saw price pressures ease, even if only a bit. Government data released on Monday showed that India’s consumer price index rose 5.2% from a year earlier in December, slower than the 5.5% rise in November.

BEIJING — China's electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive.

Johnson & Johnson will spend more than $14 billion to move deeper into treating central nervous system disorders by purchasing Intra-Cellular Therapies

JSW Energy has bagged the bankrupt KSK Mahanadi Power Company under the corporate insolvency resolution process of Insolvency and Bankruptcy Code, 2016, the Sajjan Jindal-led company said Monday. The company offered ₹15,985 crore to financial creditors, outbidding Adani Power and NTPC.

rights issue. The funds will be utilised for the repayment of debt, strengthening the company’s pathway to being debt free, and reducing cost of capital. “Over the past eight years, we have been focused on long-term, sustainable growth. With the recent successful completion of our rights issue, we are on the path to being debt-free. This underscores the trust and confidence our investors and shareholders have in our vision and strategy in India. With this capital infusion we aim to strengthen our balance sheet by repaying existing debt and aim to drive growth which will cement WeWork India's position in the industry,” said Karan Virwani, Managing Director & CEO, WeWork India.

Apar Industries as a giant that is still growing, domestic brokerage firm Nuvama initiated coverage on the stock with a ‘buy’ rating and a target price of Rs 12,700, signaling an upside of 25.5% from Monday’s closing price. “We argue that APAR is a favored play on India’s T&D capex super-cycle, which would spur demand for high-value-added/efficient conductors. Re-conductoring and export pick-up can further drive growth (18%+ EPS CAGR over FY24–27E at 23% RoE),” said Nuvama in its report.

fiscal deficit targets, consolidation efforts, spending priorities, among others, as markets keenly observe how India’s fiscal policymakers plan to navigate a cyclical growth slowdown and elevated public debt. The first question investors are asking, according to Goldman Sachs, is whether the government will meet its FY25 fiscal deficit target of 4.9% of GDP. The brokerage said the answer to that is yes. Higher income tax collections and increased dividends from the Reserve Bank of India (RBI) and state-owned enterprises are expected to offset shortfalls in corporate taxes and excise duties. Lower-than-budgeted capital expenditure further supports the government’s ability to stay on track despite slower nominal GDP growth.

Elara Capital on Monday said it has initiated coverage on the hypermarket chain Vishal Mega Mart with a ‘buy’ rating at a target price of Rs 140 per share, which implies a potential upside of over 35% from the stock’s current levels. The brokerage has cited the company's strong balance sheet, efficient operations, and significant growth potential in India's expanding retail market. On Monday, Vishal Mega Mart shares were trading 5% lower at Rs 103.05 on the BSE. The company, which operates supermarket chains across 30 states and Union Territories in India, has shown strong momentum since its listing on December 18. The company debuted at Rs 110 on BSE, delivering an immediate 41% premium to IPO investors, while on NSE, the shares opened at Rs 104, representing a 33.3% premium.

Union Budget for FY26 scheduled to be presented on February 1, 2025, a report by Goldman Sachs underlined two key concerns for policymakers, the pace of fiscal consolidation and the government's spending priorities.

Subscribe to enjoy similar stories. When a state-sponsored Chinese hacker breached the Treasury Department’s Office of Foreign Assets Control, it allowed the Communist Party to access sensitive information with significant strategic implications. It’s the latest example of Beijing’s espionage campaign against the West, which runs deeper and is far more dangerous than the Soviet efforts of the 20th century.

Subscribe to enjoy similar stories. After a lull, trade cement prices at an all India-level are gradually climbing in the recent months. But the recovery in prices is not broad-based.