Shares of MTAR Technologies Ltd. rebounded more than 10% on Friday, June 12, recovering most of the previous session’s losses after fresh updates indicated that a major data centre project linked to Bloom Energy remains on track. The stock had fallen as much as 13% on Thursday after concerns emerged over a planned 1.8 GW…
India’s next 100 million investors will come from smaller towns India’s mutual fund industry is entering a new phase of growth and according to A Balasubramanian, Managing Director and CEO of Aditya Birla Sun Life AMC, the country’s next wave of investors will emerge from regions that have traditionally remained outside the formal investment ecosystem….
Shares of Hexaware Technologies Ltd. surged more than 4% on Friday, June 12, after the company disclosed a favourable development in an ongoing legal dispute in the United States. In an exchange filing, Hexaware said that the United States District Court for the Northern District of Illinois has dismissed the federal patent-related claims against the…
Siddhartha Khemka, Head of Research-Wealth Management at Motilal Oswal Financial Services, says easing geopolitical tensions could keep crude oil prices stable, supporting oil marketing companies. He remains positive on GNG Electronics due to strong growth prospects in refurbished electronics and prefers Hindalco among aluminium stocks, citing a multi-year demand cycle. Khemka also sees long-term value…
Razorpay, the Bengaluru-based financial solutions company, is gearing up for its Initial Public Offering (IPO) and eventual Dalal Street debut. As per sources who spoke to CNBC-TV18, the financial services player is set to file a confidential Draft Red Herring Prospectus (DRHP). This DHRP may come in sometime as early as next week. As per…
SpaceX is set to make history today with its highly anticipated listing on the Nasdaq under the ticker symbol “SPCX”. Marking the largest initial public offering (IPO) in history at $75 billion, the company is launching at a price of $135 per share, commanding a market capitalization of $1.7 trillion. This debut instantly positions SpaceX…
Nitin Aggarwal, Head-BFSI Research Institutional Equities at MOFSL, says the RBI’s latest FCNR deposit measures could attract $40–50 billion of foreign currency inflows over the next few months. He believes large private banks and select PSU lenders with strong NRI franchises are best placed to benefit. Aggarwal notes that depositors could earn annualised returns of…
Pimco is warning fixed-income investors to stay away from lower-quality credit, but sees plenty of opportunities in high-quality assets. Pimco is warning fixed-income investors to stay away from lower-quality credit, but sees plenty of opportunities in high-quality assets. Continue Reading with CNBC-TV18 Access Membership Priority Access and Networking: CNBC-TV18’s flagship events Interaction with CNBC-TV18’s journalists…
Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world’s first trillionaire. At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured,…
Shares of State Bank of India (SBI) were trading higher on Friday, June 12, as global brokerage Jefferies reiterated its positive view on the country’s largest lender. Jefferies has a “Buy” rating on SBI with a price target of ₹1,300 per share, implying a potential upside of around 30% from current levels. The brokerage said…
