Brokerage firm UBS sees better days ahead for India’s internet companies, after a “tough” 2026 so far, which has resulted in some of these companies seeing losses from 10% to as much as 30%. UBS noted that this underperformance has been primarily driven by investor concerns regarding a weak macroeconomic environment, intensified market competition, and…
Veteran investor and Motilal Oswal Financial Services Chairman Raamdeo Agrawal remains bullish on equities, backed by strong economic activity and healthy credit growth, and expects largecaps to regain market leadership over time. “Domestic economy is on full fire. Headlines are completely focused on to negative things, and real economy is doing very well. If you…
State-run construction company NBCC (India) Ltd has successfully sold around 7.08 lakh sq ft of commercial built-up space at Bharat Business Park in Sarojini Nagar, New Delhi, through an e-auction, generating a total sale value of approximately ₹2,857 crore. The company informed stock exchanges that the commercial space sale forms part of the Bharat Business…
Delhivery, India’s largest integrated logistics company, crossed ₹10,000 crore in revenue in FY26 and turned free cash flow positive for the first time, a CNBC-TV18 breakdown of its business shows. Built largely on e-commerce parcel delivery, the company is investing in robotics and artificial intelligence (AI) — including in-house tools that turn messy handwritten addresses…
Rakesh Vyas, CIO and Portfolio Manager at Quest Investment Advisors, remains positive on urban consumption, saying strong retail credit growth, tax benefits and rising disposable incomes continue to support discretionary spending despite monsoon concerns. He expects select small-cap stocks to deliver 6-7% alpha through strong earnings growth and sees Eternal as a key beneficiary of…
The equity benchmark indices on Wednesday (June 17) extended their winning streak to a fourth consecutive session, with the Sensex rising 347 points to 77,156 and the Nifty gaining 97 points to close at 24,086, ending near the day’s high. Heavyweight Stocks Led The Charge Bharti Airtel, State Bank of India, Infosys and Reliance Industries…
SBI Mutual Fund purchased 9.3 lakh shares of DOMS Industries for approximately ₹205 crore. Axis Mutual Fund acquired 3.6 lakh shares in the company for around ₹79.6 crore. 1 Min Read DOMS Industries witnessed a major block deal on Wednesday, with promoter group-affiliated FILA Fabbrica Italiana selling a 7% stake in the stationery and art…
General Insurance Corporation of India (GIC Re), India’s national reinsurer, has appointed Hitesh Rameshchandra Joshi as Chairman-cum-Managing Director (CMD), with effect from June 16. Joshi had been serving as interim CMD since October 2025, following the completion of the previous CMD Narayanan Ramaswamy’s tenure. He has over three decades of experience in the insurance and…
Nifty Prediction for Thursday, June 18: Traders are expected to closely monitor whether the benchmark can decisively cross the 100-day DEMA hurdle, which could mark a significant shift in the market’s medium-term trend. (Image- ChatGPT) Nifty Prediction for Thursday, June 18: Stock market benchmark indices ended higher on Wednesday, taking their winning run to the…
The US Federal Reserve is set to announce a policy decision on Wednesday, and it is expected that the policymakers will leave the interest rates unchanged. While the decision on rate may not come as a surprise, investors will closely watch the central bank’s commentary, economic projections and future policy signals amid ever-existing inflation concerns…
