Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad:Petrol and diesel prices were largely constant on Tuesday, 12 September August across New Delhi, Kolkata, Mumbai, and Chennai. Petrol rates and diesel rates have been steady over the last few months. However, individual cities see fluctuations in their prices every day. The prices of […]
Variant Laboratories set to debut on bourses; GMP looks favourableVariant Laboratories set to debut on bourses; GMP looks favourable
Valiant Laboratories’ shares are scheduled to debut on the bourses today. And, ahead of its listing Valiant Laboratories’ shares’ GMP rose 14.29%. The IPO was subscribed 29.76 times. The Qualified Institutional Buyers (QIBs) category was subscribed 20.83 times, the portion for non-institutional investors received a 73.64-time subscription, and the Retail Individual Investors (RIIs) quota got […]
HDFC Bank: Jefferies retains ‘Buy’ rating with target of Rs 2,030, sees 33% upside potentialHDFC Bank: Jefferies retains ‘Buy’ rating with target of Rs 2,030, sees 33% upside potential
Jefferies has retained a ‘Buy’ rating for HDFC Bank with a target price of Rs 2,030. This revised target sees a 33% upside target. The share price of HDFC Bank gained 0.46% to 1,534 during the intra-day trade on Thursday. “Over the next three years, we expect HDFC Bank to deliver 16-17% Cagr in earnings […]
Private equities, Venture Capitals cash in on market rallyPrivate equities, Venture Capitals cash in on market rally
Offers for sale by private equity (P/E) and venture capital (VC) firms have been significantly higher than fresh issuances of capital between 2018 and 2023. Sales by PEs and VCs amounted to around $26 billion compared with about $10.4 bn worth of capital issuances, according to an analysis by Kotak Institutional Equities (KIE). In 2023 […]
Heatwave in Delhi: IMD issues warning for Delhi-NCR and adjoining areas – See PhotosHeatwave in Delhi: IMD issues warning for Delhi-NCR and adjoining areas – See Photos
1/6 The Indian Meteorological Department (IMD) has issued a heat wave warning for Delhi-NCR and adjoining areas on Monday. It has also predicted strong surface winds reaching speeds of 25-35 kilometres per hour during the day. (PTI photo) 2/6 On Sunday, the maximum temperature has breached the 45-degrees-Celsius mark in parts of national capital with […]
Global Markets: Asian shares hit two-week high on Fed pause bets, China boostGlobal Markets: Asian shares hit two-week high on Fed pause bets, China boost
Asian equities rose on Wednesday and the dollar wobbled as weak U.S. labour data bolstered bets that the Federal Reserve was likely done with its interest rate hikes, while beaten-down China stocks rose for a third straight day. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.86% to a two-week top and is on […]
IPL 2023: CSK’s glorious win over GT, Dhoni’s heart-breaking retirement remark – This Finale had it all! See PhotosIPL 2023: CSK’s glorious win over GT, Dhoni’s heart-breaking retirement remark – This Finale had it all! See Photos
1/10 Chennai Super Kings victory over Gujarat Titans in the IPL season 2023 was arguably the most bitter-sweet moment in the history of Indian Cricket. While CSK fans couldn’t stop basking in the glory of Chennai’s IPL win, the finale also felt like a heart-breaking goodbye to one of the most famous and loved Cricketer […]
Rating: NEUTRAL; HDFC Life: Focus on innovative products & superior serviceRating: NEUTRAL; HDFC Life: Focus on innovative products & superior service
HDFC Life Insurance reported a decent performance in 2QFY24, with annualised premium equivalent (APE) in line with our projections at Rs 30.5 billion, representing a 7% y-o-y increase. However, there was a slight 3.4% shortfall in value of new business (VNB) and a 40 bps decrease in VNB margins. The APE growth of 7% y-o-y […]
Bandhan Bank: Jefferies recommends Buy, price target at Rs 280 with 10% upsideBandhan Bank: Jefferies recommends Buy, price target at Rs 280 with 10% upside
Jeffries sees a 10% upside potential in Bandhan Bank on account of the bank’s improving loan, deposit growth and steady collections in Q2 FY24. Jefferies has given a ‘Buy’ rating on the scrip with an upside target price of Rs 280. “In 2QFY24, Bandhan Bank’s loan growth improved to 12% year-on-year vs. 7% in 1Q. […]
Programmed into every job: The future of work will be about humans and machines working in tandemProgrammed into every job: The future of work will be about humans and machines working in tandem
Siddharth Pai Workers in the information technology (IT) industry worry about the decline in computer programming jobs due to the rise of automation and artificial intelligence (AI). Many former stalwarts are spelling doom for the industry. Consulting house McKinsey made a prediction circa 2018 that was even more dire, and which encompassed more than just […]