Latest business news
New Delhi, Jun 12 (PTI) India’s vegetable oil imports fell for the sixth consecutive month by 22.36 per cent to 11.87 lakh tonnes in May from a year earlier, industry body Solvent Extractors Association (SEA) said on Thursday, asserting the recent import duty cut will not impact the overall volumes. Total vegetable oils, comprising both…
This follows a strong FY25 that saw most hotel companies reporting strong revenue and profit gains, driven by rising travel demand from both business and leisure travellers. In the current year, too, the industry sees robust overall demand, with new hotel openings and increased investor interest signalling confidence in the sector’s future. According to Chander…
Andhra Pradesh Chief Minister N Chandrababu Naidu on Saturday said the state is taking bold initiatives to lead India’s Artificial Intelligence (AI) revolution, referring to the state government’s pact with tech giant Nvidia. On Friday, the southern state and Nvidia inked an agreement to jointly advance the establishment of a proposed Artificial Intelligence (AI) university…
Larsen & Toubro (L&T) has announced a ₹500 crore ESG bond issuance deal, becoming the first Indian corporate to do so under the Securities and Exchange Board of India’s (SEBI) newly introduced ESG and sustainability-linked bond framework. HSBC is acting as the sole lead arranger in this transaction. The issuance is compliant with SEBI’s regulatory…
Two stock recommendations for today, 3 June, by MarketSmith India: Gujarat State Fertilizers & Chemicals Ltd (current price: 208.42) Why it’s recommended: Strong R&D capability, robust financial position. Key metrics: P/E: 13.74 | 52-week high: ₹ 274.70 | Volume: ₹155.17 crore Technical analysis: Reclaimed its 200-DMA Risk factors: Volatile raw material prices, monsoon dependency, and environmental…
The Nifty 50 ended down 0.14% at 24,716, recovering 189 points from the day’s low. The Sensex also clawed back from early losses to finish 77 points, or 0.09%, lower at 81,373. Two stock recommendations for today, 3 June, by MarketSmith India: Buy: Excel Industries Ltd. (current price: ₹1,218.80) Why it’s recommended: Diverse product…
Looking ahead, the index maintains a positive outlook, supported by favourable domestic macroeconomic indicators and sustained institutional interest. A decisive move above 25,000–25,200 could pave the way for further upside in the near term. Two stock recommendations for today, 30 May, by MarketSmith India: Motilal Oswal Financial Services Ltd (current price: 809.95) Why it’s recommended:…
On Tuesday, the Nifty 50 dropped 0.70% to close at 24,826.20 points due to a mix of global and domestic pressures. Weak global cues, particularly concerns over US fiscal and trade policies, weighed on investor sentiment. Selling pressure at home near the resistance zone and the previous supply zone also dragged the market. Sectoral declines…
India traditionally carried a 20-25% risk premium versus other emerging markets. However, recently, that premium has soared to 60%, a level unjustified by the current pace of corporate earnings growth, Sunil Tirumalai, head of Emerging Markets and Asia Equity Strategy at UBS Securities, said during a virtual media briefing on Tuesday. Indian equities often carry…
LIC Q4 Results: Life Insurance Corporation of India (LIC) announced its January-March quarter results on Tuesday, 27 May 2025. The company recorded a 38 per cent rise in net profit at ₹19,013 crore for the fourth quarter of the financial year 2024-25, compared to ₹13,763 crore in the same quarter a year ago. However, India’s…