Edward Johnson 
Mumbai: Hero MotoCorp rose 2.9% to an all-time closing high of ₹4,174 in Thursday’s trading, as the recent bullish wave has resulted in a technical breakout in stock, opening the likelihood of further gains of as much as 56% from current levels. Analysts are recommending investors to buy the stock on dips as business prospects … Read more
The shares of Innova Captab will debut on the exchanges today. The company’s shares are fetching a premium of Rs 61 in the grey market, ahead of the listing the company is likely to get a premium of 14% over the IPO price of Rs 448. The initial public offering of Innova Captab was subscribed … Read more
New Delhi: The government is likely to stay on the fiscal course-correction glide path in the interim budget for FY25, shunning populist spending or incentives ahead of the summer general election, said people aware of deliberations on the subject. The post-Covid-19 fiscal consolidation roadmap proposed by the government estimates the fiscal deficit at 4.5% of … Read more
(NewsNation) — Toyota is expected to remain the bestselling carmaker in the world for the fourth consecutive year, fueled by continued demand in North America and Europe, according to multiple reports. The company recorded an all-time high global production of 926,573 cars in November, according to Yahoo News. Supply chain issues brought about by the … Read more
Mumbai: India’s equity benchmarks closed at record levels on Thursday, extending gains to the eighth straight session as traders carried forward their bullish derivative bets to January on the expiry of the December contracts in the trading session. The BSE Sensex gained 0.52% or 371.95 points to close at 72,410. The Nifty advanced 0.57%, or … Read more
(NewsNation) — The S&P 500 finished near an all-time high Thursday, approaching the year’s final trading day. The S&P 500 rose 1.77 points to 4,783.35, up more than 24% for the year, the Associated Press reported. Nearly nine straight weeks of gains have pushed the benchmark index closer to breaking its all-time high set in … Read more
NEW DELHI: Dalal Street is expected to see range-bound trading this week in the absence of any major trigger either on the domestic or global front, say analysts. “Though the market has been moving up it seems to be running out of steam as the indices are still moving within a strong range,” according to … Read more
Lenders that received payouts from a £425m pot of public cash set aside after Royal Bank of Scotland was bailed out in 2008 will not be held accountable over delayed projects, after the Treasury refused to extend supervision arrangements beyond the new year. Under so-called state aid rules, which applied when the UK was still … Read more
Mumbai: Valuations have been the big buzzword on Dalal Street for a while now but its suddenly gaining momentum. These days every conversation begins with the P/E ratio (price to earning ratio, which compares the current price of the share with its per share earnings) and ends with a loud proclamation that the valuations look … Read more
A company owned by the former chancellor Philip Hammond has declared an increased dividend of £600,000, after working for clients including the government of Saudi Arabia, Companies House filings suggest. Accounts for Matrix Partners Ltd, set up by the Conservative peer after he left office, indicate that the consultancy business has performed strongly thanks to … Read more
