Macquarie Equity Research rated Vodafone India ‘underperform’ with a target price of Rs 6.50. Elara Securities India maintained an ‘accumulate’ stance on Hindalco Industries, while […]
Month: April 2025
UltraTech buys Patni’s putty biz for Rs 235 crore
Aditya Birla Group’s UltraTech Cement is set to acquire Wonder Cement’s white cement business for Rs 235 crore. This acquisition will enhance UltraTech’s production capacity, […]
Pharma companies escape bitter pill, for now
The Trump administration’s decision to exempt tariffs on Indian pharma imports brings relief to a $9 billion-plus US export market, highlighting India’s key role in […]
Trump tariff: Steel, aluminium untouched; metal exporters breathe easy
Metal exporters in India are relieved as the White House exempts steel and aluminium from an additional 27% duty, though a 25% tariff remains. Copper […]
Trump tariff: Gain for leather, apparel, pain for carpets
Indian manufacturers foresee growth in US revenues for leather goods, non-leather footwear, and textiles, driven by lower tariff rates compared to China, Vietnam, and Bangladesh. […]
US tariffs a self-goal, says Raghuram Rajan
Former RBI governor Raghuram Rajan critiqued the Trump administration’s reciprocal tariffs on about 60 countries, calling it a ‘self-goal’. He noted that this move would […]
Government exempted from open offer in Voda Idea
Sebi exempts the Indian government from making an open offer to Vodafone Idea shareholders, as the government plans to acquire over 34% stake by converting […]
Trump tariff: Dalal Street dodges drubbing on Day 1
Dalal Street investors largely ignored the US’s new tariff plans, with Sensex and Nifty closing slightly down. Despite the negative close of leading indices, midcap […]
Respite for rupee as dollar dives
The Indian rupee closed at 85.43 against the dollar, gaining seven paise. Initially weaker, the rupee strengthened due to the weakening US dollar amid recession […]
Tech stocks tumble over US spends uncertainty
US President Donald Trump’s tariff announcement has caused a significant drop in tech stocks, with Indian IT firms experiencing falls of 3% to 10%. The […]