BUSINESS
SC allows state govts to tax mining activities retrospectively; who pays, how much?
Coal India may be in a better position to pass on any additional cess to end-customers owing to its near-monopoly market position, according to ICICI Securities
BUSINESS
SC's mining tax timeline: From 1989 royalty ruling to 2024 retroactive dues
The Supreme Court's timeline of key rulings culminates in allowing states to retroactively collect taxes on mineral-bearing land from April 2005, impacting the mining industry.
BUSINESS
SC ruling on royalty negative for mining companies, but impact on profitability likely to be limited: Report
'While we await more clarity from the companies on the implications, the interactions with some players suggest no material impact even if they were to pay the entire demand raised,' says Motilal Oswal Financial Services in a report
BUSINESS
Morgan Stanley remains bullish on Zomato; says market leadership crucial for food aggregator
Zomato's quick commerce arm Blinkit has also become a bright spot for Zomato. The implied value of Blinkit is now larger than that of Zomato’s core business (food delivery), according to a Goldman Sachs note.
BUSINESS
HAL retains bullish calls from brokerages despite margin contraction in Q1
CLSA maintained an Outperform rating on HAL, setting a target price of Rs 4,731 per share. The firm acknowledged that the PSU defence major’s order pipeline remains intact.
BUSINESS
Nifty fairly valued after recent correction, says MOFSL; analysts favour PSU Banks, Industrials, Real Estate
Markets maintain premium valuations, with Nifty trading at 20.3x one-year forward earnings, supported by robust growth, stable macroeconomic conditions, and political stability.
BUSINESS
Bharat Dynamics stock plummets 19% on weak Q1 results; brokerages bullish, should you buy the dip?
Antique has maintained 'buy' recommendation Bharat Dynamics stock with a price target of Rs 1,641, saying that execution normalisation will be the key for further re-rating of the stock.
BUSINESS
Adani Green Energy stock slides 4% despite Emkay's 'Buy' rating, influenced by new Hindenburg report
Emkay Global initiates coverage on Adani Green Energy with a 'buy' rating and a target price of Rs 2,550 per share.Despite the bullish stance, the stock slipped 4% due to controversy surrounding a new Hindenburg Research report.
BUSINESS
Yen's slide, potential Middle East escalation to drive market sentiment; focus on US, India CPI inflation data
Global markets to be influenced by key data releases, the unwinding of the Yen carry trade, and escalating geopolitical tensions in the Middle East, with potential conflicts involving Israel and Iran posing significant risks to investor sentiment.
BUSINESS
4 key allegations levelled against SEBI chair Madhabi Puri Buch in latest Hindenburg report
Hindenburg Research has accused SEBI Chairperson Madhabi Puri Buch of serious misconduct, including ties to offshore funds linked to Vinod Adani, financial opacity in her consulting business, and more.
BUSINESS
Sebi regulations around REITs benefited Blackstone Private Equity where Madhabi Puri Buch’s husband Dhaval Buch was Senior Advisor, alleges Hindenburg
Hindenburg Research has accused SEBI Chair Madhabi Puri Buch of potential conflicts of interest due to her husband Dhaval Buch's appointment at Blackstone and subsequent regulatory changes benefiting the REIT sector.
BUSINESS
Cement struggle: Falling prices, weak demand hit profitability; pickup likely in H2FY25
Cement prices fell across regions in July 2024, squeezing industry margins, with demand expected to recover only in the latter half of FY25.
BUSINESS
Grasim Industries Q1 Preview: Paint losses, rising costs, mixed segment performance to hit profit
Grasim Industries' Q1FY25 earnings are likely to be impacted by losses from its new paints division, rising interest and depreciation costs, and mixed performance across core segments.
BUSINESS
Suzlon Energy stock hits multi-year high on Renom acquisition; shares rise 290% in a year, should you buy?
Suzlon energy is a vertically integrated wind turbine manufacturer and O&M service provider with over 20.7GW of installed capacity across the globe.
BUSINESS
Sensex falls 300 pts, Nifty dips below 24200 amid weak cues; eyes on RBI policy outcome
Benchmark indices Sensex and Nifty fell in opening trade. All eyes are on the RBI policy outcome today, with the committee expected to maintain the current interest rate.
BUSINESS
Markets make a quick comeback. What’s different this time?
Unlike 2021 and 2022, markets are staring at tepid growth, high valuations.
BUSINESS
Short Call: US Fed faces Hobson’s choice on rate cut; realty tax tweak may not calm bulls, Prestige Estates, Marico, LIC Housing in focus
You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you are not ready for the markets. – Peter Lynch
BUSINESS
Will it or won't it? The debate around off-cycle Fed rate cut intensifies
Renewed recession fears and a Bank of Japan rate hike have fuelled debate over a potential US Fed emergency rate cut, with experts weighing its risks, historical precedents, and impact on markets.
BUSINESS
PSU pack bleeds with Mazagon, RVNL, Cochin Ship plunging up to 8% in market selloff
PSU stocks plunged sharply, in-line with overall market, citing heavy losses in RVNL, IRFC and Mazagon Dock, as US recession worries, Yen's sudden strength and geopolitical tensions triggered a selloff.
BUSINESS
'Wait and watch' not 'buy on dip' advice experts amid global uncertainty
Indian markets plunge nearly 4% amid US recession fears and Middle East tensions, prompting experts to advise investors to adopt a cautious wait-and-watch approach rather than buying the dip.
BUSINESS
Gautam Adani’s $213 bn succession plan puts group stocks in limelight
Adani Group’s $213 billion succession plan takes center stage as Gautam Adani outlines a strategic leadership transition, setting the stage for his sons and nephews to steer the conglomerate.
BUSINESS
SBI's Q1 earnings beat, stable asset quality impresses analysts; brokerages maintain bullish calls
Analysts remain bullish on SBI after its fiscal first-quarter earnings exceeded estimates, driven by strong loan growth and stable asset quality.
BUSINESS
SEBI's proposed F&O curbs stoke fears of spike in dabba trading
SEBI's proposed measures to curb F&O betting has raised concerns of traders turning towards illegal dabba trading, which bypasses stock exchanges and proper KYC, posing significant risks.
BUSINESS
Bears prowl on D-Street: Sensex falls 700 pts, Nifty slips below 24,800; analysts suggest 'buy on dips'
Indian indices opened lower on August 2 with Sensex falling 700 points and Nifty slipping below 24,800 amid weak global cues. Metal, auto stocks led the losses.
