Tata Consumer Products became the sixth firm among the listed Tata Group companies to cross the market capitalisation of Rs 1 lakh crore. In Friday’s trade, Tata Consumer stock rose 3.8% to cross this milestone. Apart from Tata Consumer, Tata Consultancy Services (TCS), Titan, Tata Motors, Tata Steel, and Trent have crossed the market cap … Read more
The L’Oréal heiress and businesswoman, Françoise Bettencourt Meyers, has become the first woman to amass a fortune of $100bn. Bettencourt Meyers, who is French, broke through the barrier on Thursday thanks to a rise in the share price of the cosmetics empire she inherited from her mother, who also held the title of the world’s … Read more
Benchmark Nifty 50 rallied over 8% in the December derivative series, clocking its best gains in a series since February 2021. This was also the highest series gain by the index in 2023. Further, foreign institutional investors significantly increased their net long positions, taking the long-short ratio sharply higher to 2.28 at the beginning of … Read more
If Christmas hasn’t cleaned you out financially, now could be the last chance to grab one of the UK’s highest-paying fixed-rate savings accounts. With the money markets convinced that interest rates are heading on a downward trajectory, the smart savings cash is heading for a fixed-rate bond – while rates above 5% are still available. … Read more
Key note address delivered by Christopher Wood, equity strategist, CLSA, in his first public appearance in India, at the ET Now Market Summit-2010. Excerpts: Hello everybody and thank you for asking me. I will be running through some charts which were still first with the situation in the West. Then I will move on to … Read more
Introduction: House prices fall 1.8% in 2023, on final City trading day of the year Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. It’s the final trading day of 2023! And Nationwide, the building society, is kicking the day off by reporting that UK house prices … Read more
After a bumper response to the IPO, the shares of Innova Captab debuted at a premium of 1.8% on BSE at Rs 456.1 per share. The stock listed at Rs 452.1 (up 0.9%) on NSE compared with the IPO price of Rs 448. At the upper price band, the company is valued at a P/E … Read more
The reclusive super-rich twins Sir David and Sir Frederick Barclay, who became notorious for their use of tax havens to manage their vast business empire, lobbied the Labour government to abolish inheritance tax altogether, Cabinet Office papers reveal. Sir David and Sir Frederick, then owners of the Telegraph and Spectator titles, as well as the … Read more
Shares of Supreme Power Equipment listed with a premium of 50.8% on the NSE SME platform on Friday. The stock was listed at Rs 98 on NSE. Ahead of the listing, the company’s shares were trading with a premium of Rs 31 in the unlisted market. The IPO was priced in the range of Rs … Read more
As Nifty is ending the record-breaking year 2023 with a handsome upside of 20%, billionaire banker Uday Kotak on Friday warned Dalal Street’s Covid batch of investors of the unpredictability of the stock market, giving the example of Japan. “Many investors have joined post Covid. They have mainly seen upside. While the situation is not … Read more
