British American Tobacco Plc is reducing its 47,000-strong global workforce by about one-fifth as part of its sweeping plan to bring down costs and simplify operations. By the end of this year, the maker of Dunhill cigarettes will have slashed 5,500 jobs and outsourced a further 3,500, according to an internal notice that lays bare…
Sunny Agarwal, Head Fundamental Research, Retail Desk at SBI Securities, remains positive on private banks, preferring HDFC Bank over Kotak Mahindra Bank after the lender received a clean legal review. He says Persistent Systems’ acquisition benefits may take up to eight quarters to materialise, while slower growth remains a near-term concern. Agarwal is also bullish…
REC will be merged into PFC. (Image: ET Now Digital) REC–PFC Merger: Power Finance Corporation and REC Ltd.’s boards approved a merger scheme that will combine the two state-run non-banking financial companies into a single entity. The proposed merger between REC and PFC is structured around a swap ratio of 100 shares of REC for…
HAL Dividend 2026: Defence PSU declares final dividend of Rs 10 for shareholders – Record date on Aug 14 Source link
South Korea’s AI-driven stock rally has stumbled as a sharp sell-off in semiconductor giants Samsung and SK Hynix triggered market turmoil. (Image: AI/ET Now) South Korea’s stock market suffered a sharp reversal recently as investors rushed to lock in profits in semiconductor heavyweights, raising fresh questions over the durability of the artificial intelligence-led rally that…
India could once again attract foreign portfolio inflows if corporate earnings continue to improve and the rupee remains stable, according to Manishi Raychaudhuri, Chief Executive Officer of Emmer Capital Partners. Raychaudhuri said India has started seeing an improvement in earnings estimates over the past month, a trend that could help address concerns around premium valuations….
Shares of Vedanta Ltd., the Anil Agarwal-led mining conglomerate, were trading nearly 1% higher on Monday, June 29, after brokerage firm Investec reiterated its positive stance on the stock following the company’s analyst day. Investec maintained its ‘Buy’ rating on Vedanta with a price target of ₹319, implying a potential upside of about 17% from…
India’s leading brokerage firm, Zerodha, has submitted an application to SEBI for a merchant banking license, paving the way for its entry into the investment banking business. (This story will update shortly) Source link
Shares of Persistent Systems Ltd. fell as much as 10% on Monday, June 29, marking their biggest intraday decline since April 2025, after brokerages offered contrasting views on the company’s proposed acquisition of Germany-based digital engineering firm Nagarro SE. CLSA retained its ‘High Conviction Outperform’ rating on the stock with a target price of ₹6,520,…
Eternal Share Price: Goldman Sachs bullish on Zomato parent; sees upside up to 37% – Six reasons to buy stock (Image: Canva/ET Now Digital) Eternal Share Price: Food delivery and quick commerce firm Eternal, which owns the Zomato and Blinkit brands, today announced its earnings for the fourth quarter ended March 31, 2026. The company…
