Brokerage firm JPMorgan has downgraded Indian equities to “neutral” from its earlier rating of “overweight” and has also cut its price target on the Nifty 50 index across scenarios. In turn, JPMorgan has upgraded tech and Taiwan to “overweight” and raised its targets for the TAIEX index. JPMorgan’s downgrade comes just a day after HSBC…
The Indian rupee opened at 94.22 against the US dollar on Friday (April 24), weakening from Thursday’s (April 23’s) close of 94.11, as a continued rise in global oil prices kept pressure on the currency. The rupee has fallen about 1.3% so far this week and is nearly two rupees weaker from its recent high…
With the close of FY26, the top brass of India Inc are likely to be rewarded with stock options. Even though the subdued performance of several companies—especially those in the software sector—may weigh on the final payouts, the rewards remain sizeable. Infosys, the country’s second-largest IT services company, on Thursday (April 23) granted equities worth…
The US Commerce Department has proposed duties of up to 123.04% on solar cells and panels imported from India, Indonesia and Laos. By Meghna Sen April 24, 2026, 9:21:03 AM IST (Published) 1 Min Read Shares of Waaree Energies Ltd., Premier Energies Ltd. and Vikram Solar Ltd. are expected to be in focus on Friday,…
Shares of Atul Auto Ltd. gained nearly 10% on Friday, April 24, after the company said it has inked a memorandum of understanding (MoU) with Exponent Energy Pvt. Ltd. to manufacture and supply 15,000 electric three-wheelers integrated with the latter’s battery system and powertrain. The size of the contract is ₹490.5 crore with the Exponent…
Shares of Lux Industries Ltd. declined nearly 7% on Friday, April 24, after the company said its board of directors has given its in-principle approval for the demerger of the company. The board of directors held a meeting on Thursday where the promoter and promoter group from Todi Family entered into a family settlement agreement…
Brokerage firm Bernstein has written a letter to Prime Minister Narendra Modi where they talk about moving India from a low-end labor arbitrage to a high-productivity track. The firm highlighted important sectors on which they shed light on, adding that the traditional services engine of IT and BPOs, which supported 10-15 million people, supported consumption,…
Mark Matthews, Bank Julius Baer & Co., said concerns from global brokerages on India amid rising crude prices are valid, but could be overstated if oil eases from current levels. He expects oil prices to move into the $60s by year-end if US-Iran tensions are resolved. While the Indian economy can manage oil prices up…
Dr. Reddy’s Laboratories Ltd. confirmed a CNBC-TV18 newsbreak on Friday, April 24, when it confirmed to the exchanges that it is still awaiting approval for its Semaglutide injection from the Canadian health regulator. “We wish to inform that the above captioned news item headline is correct, as the company has not yet received approval for…
Shares of Cipla Ltd. are trading lower on Friday, April 24, after the US Food and Drug Administration (FDA) placed a key manufacturing facility of its partner under import alert. The regulator has issued an import alert on the Rodopi unit in Greece operated by Pharmathen, which supplies Lanreotide injection to Cipla. Lanreotide, a treatment…
