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ITC, with a market cap of $67 billion (Rs 5.6 lakh crore), surpassed British American Tobacco Plc (BAT) to become the third most valuable tobacco company in the world. London-based BAT, which sells cigarettes, tobacco, and other nicotine products, has seen a sell-off in its shares in the past week, rendering its market cap below ITC to $64 billion. The stock fell sharply after the company said it would take a hit of around $31.5 billion as it wrote down the value of some US cigarette brands, acknowledging that its traditional combustible market has no long-term future. The evolving stricter regulations and growing awareness of health risks have been squeezing tobacco companies' traditional business lately, driving declines in cigarette volumes in some markets. US-listed Philip Morris International and Altria Group currently occupy the top spots above ITC as the two most valuable tobacco companies in the world. The cigarette segment is the mainstay for ITC, which is also into hotels, FMCG, and paper products businesses. In the recent second quarter, cigarette revenues grew 10% on year to Rs 7,658 crore. The business made up over 46% of the total revenue of ITC.

₹121 to ₹125. The SJ Logistics IPO lot size is 1,000 shares.

₹72. The presstonic IPO lot size is 1,600 shares.

Nikhil Kamath, Co-Founder at Zerodha,in an interaction with ET NOW said that Indian markets are expensive and hence it is time to be cautious. He advised investors to not buy too much. Where do you forecast the fintech industry to go from here on because it has been one of the great growth drivers for the startup ecosystem? In the long term, it likely has a lot of potential. In the very short term, the cost of capital is quite high today; so things might remain tight. But over a 10 to 20-year period, it looks good for India.

RBI) decision to hold steady on interest rates and its stance in the December monetary policy meeting for the fifth time in a row, the market reached a new peak on Friday. The Sensex hit a new record high of 69,893.8 on Friday, while the Nifty 50 achieved an all-time high of 21,006.10, breaking through the 21,000 barrier for the first time.

Buy or sell stocks: The domestic equities benchmark indices, Nifty 50, and the Sensex ended in green on Friday's sessions led by gains in banking and IT stocks, and after Reserve Bank of India's (RBI) maintained its policy rates and stance, as expected. The RBI raised its forecast for GDP growth in the fiscal year 2024, maintained the policy stance of "withdrawal of accommodation," and left the repo rate at 6.5% unchanged.

₹750 to ₹790 per equity share of face value of ₹10. DOMS IPO lot size is 18 equity shares and in multiples of 18 equity shares thereafter.

Nithin Kamath on Friday said the popular narrative that retail investors are clueless may not be fully accurate. According to Kamath, equity investors on Zerodha are sitting with higher overall notional gains than equity mutual fund investors. «Maybe the popular narrative that retail investors are clueless and “gambling” isn’t fully accurate.

GQG Partners on Friday bought close to 5% stake in GMR Airports Infrastructure in a deal worth Rs 1,672 crore through the open market. GQG Partners Emerging Markets Fund bought 92,636,787 shares, and Goldman Sachs GQG Partners International Opportunities Fund bought 19,02,45,637 shares, according to bulk deals data. The shares purchased represent a cumulative stake of 4.7%.

It’s no secret that finance’s job market is going through a bit of a malaise at the moment around the world, but that doesn’t seem to be preventing demands from being made – and in Asia especially.

Hedge fund Eisler Capital isn't just trying to attract new portfolio managers by paying existing employees $200k when they find someone new, it's also trying to keep existing staff onside. To this end, it's promoted its most valued persons to partner.

Our Ideal Employer report had 7,500 respondents, and there was one clear winner — JPMorgan. The bank, as we noted, swept pretty much every category, and came second when it didn't sweep them.

If you work in UK high yield or leveraged finance and you're concerned about your job security, then hang in there. After a terrible year for both markets in 2023, today'sFinancial Stability Report from the Bank of England suggests things will improve. But you might have to wait a few years.

The European Union’s powerful antitrust chief has withdrawn as a candidate for the presidency of the European Investment Bank

Archies, directed by Zoya Akhtar and co-written with Farhan Akhtar, Reema Kagti and Ayesha Devitre, is creating a lot of buzz online. Released on December 7, 2023, on the OTT platform Netflix, the excitement around ‘The Archies’ can be credited to the marketing efforts that went into collaborations for it, apart from its cast. Speaking on how the brand partnerships helped The Archies, Shilpa Singh, Senior Director - Marketing Partnerships, APAC, Netflix said, “Brand partnerships bring together two worlds, led by two brands, to tell one story neither could have told alone.

Meta is rolling out end-to-end encryption for calls and messages across its Facebook and Messenger platforms, the company announced Thursday

Earlier the market regulator had alleged that IIFL Securities failed to segregate client funds, and mixed its own funds with client funds, and misused credit balances in clients’ funds for the benefit of clients having a debit balance. Sebi had alleged that IIFL Securities used pool accounts. Meanwhile, in the latest order, SAT has said there has been no misuse of client funds and «since there is no failure on the part of the appellant to segregate monies of the client nor monies of the client have been misused by the appellant for its own purposes, no penalty could be imposed.» However, it added that IIFL Securities failed to change the nomenclature of the bank accounts of the client as required to be done under the 1993 circular. «Considering the aforesaid that it is only a technical breach, we are of the opinion that in the given circumstances for the two show cause notices, a penalty of Rs 20 lakh in total would be sufficient for the purpose of this case,» it said. The company further clarifies that the issue about the nomenclature of the client accounts has been rectified and the company is compliant with the applicable Regulations/Circulars. At 11.46 am, the scrip was trading 6.6% higher at Rs 125.8 on BSE.

Bengaluru Urban district found herself in trouble after her revenge plan backfired. The 32-year-old homemaker, upset with her husband for breaking her cell phone to prevent her from interacting with other men online, decided to send a hoax bomb threat message to the police from his mobile phone. The woman, identified as Ramya (name changed), was arrested on Monday but was later released on station bail. According to the police, Ramya was angry with her husband, Rama (name changed), for objecting to her close friendship with a man from Bihar whom she had met online. After her husband damaged her phone, Ramya contacted her friends using another phone and informed them about the incident.

Sugar stocks continued to correct on Friday for the second day following the curbs by the government on ethanol production. Among the top losers were Shree Renuka Sugars which plunged over 7% in the opening trade amid high volumes, followed by Balrampur Chini, Rana Sugar, The Ugar Sugar Works and Dwarikesh Sugar, which lost up to 3%.

Nifty 50, Sensex at record highs; how should you play large, mid, smallcaps? Nuvama underscored that midcaps are also expensive but they should still do relatively better than smallcaps. "Midcaps are also expensive at 26 times P/E (versus 20 times 10-year average), but the sizes and profiles of midcap businesses in India have improved significantly in the past five–seven years. Midcap premium of 28 per cent to Nifty valuation (versus 7-8 per cent average) is also not supportive.

WhatsApp has unveiled its latest feature, View Once for voice messages, providing users with the ability to send self-destructing audio notes. Revealed in a recent blog post, this new feature follows the introduction of a similar one for photos and videos in 2021 and is designed to enhance user privacy. The disappearing voice notes feature aims to address concerns about the potential forwarding of voice messages, allowing users to share sensitive information without fear of it being passed on. WhatsApp highlighted the diverse scenarios in which this feature can be useful, such as sharing credit card details or planning surprises. «For reading out your credit card details to a friend, or when you’re planning a surprise, you can now also share sensitive information over voice message with added peace of mind,» the company explained in its announcement.