Morgan Stanley has an equal weight rating on ITC with the target price at Rs 346. Analysts said the sharp tax increases are unprecedented and are leading to uncertainty. ITC shares are down 25% so far in the year against a 10% loss in sensex. They believe incremental pricing actions and impact on volumes and…
Asian stock markets rose on Tuesday, tracking gains on Wall Street, after US president Donald Trump said Washington had talks with Iran on a possible end to the ongoing conflict in the Middle East. Investor sentiment improved cautiously following Trump’s remarks about “productive talks” over the past two days aimed at “a complete and total…
Top stocks to sell today (AI image) Stock market recommendations: Crompton, Hero Moto Corp, and JSW Steel are the top stocks that Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan has recommended for selling on March 24, 2026.Crompton: Sell in the range between Rs 235 & Rs 238; Stop Loss: Rs 248; Target: Rs…
NEW DELHI: Indicating a slowdown in expansion plans of India Inc, the private sector capex by large firms is expected to fall nearly 17% next year, after a strong showing in 2025-26, reflecting a more cautious stance amid global uncertainty, a survey by statistics ministry released Monday showed. The second edition of the forward-looking survey…
ANAKAPLLI: Billionaire steel magnate Lakshmi Mittal on Monday launched his most ambitious greenfield project in India, breaking ground on a new steel plant in Andhra Pradesh. ArcelorMittal, where Mittal serves as chairman, will invest over Rs 70,000 crore to build an 8.2 million-tonne steel facility in Anakapalli.The move signals a renewed push into India, where…
MUMBAI: Reserve Bank of India turned a net buyer of dollars in Jan, with net purchases of $2.5 billion, marking a sharp reversal from its heavy intervention as a seller in the previous month, according to the RBI Bulletin March 2026.Gross dollar sales declined to $25.5 billion in Jan from $28.4 billion in Dec, while…
NEW DELHI: Finance and corporate affairs minister Nirmala Sitharaman on Monday introduced fresh amendments to the Companies Act, which seeks to decriminalise several procedural defaults, provide flexibility in buyback of shares and recognise new instruments for executive compensation.The bill, which has been referred to a joint Parliamentary committee for examination, provides for allowing restricted stock…
MUMBAI: Tuhin Kanta Pandey, chairman, Sebi on Monday said that independent directors are expected to act responsibly, not make insinuations and keep things vague. The chief markets regulator’s comments came in the context of the recent resignation of Atanu Chakraborty as non-executive chairman of HDFC Bank, the largest private sector lender in the country.The markets…
MUMBAI: The rupee closed at a record 93.98/$ on Monday, down 35 paise from its previous close of 92.63. In the process, it breached its prior low of 93.73 and briefly slipped past 94 after market hours. Sensing the impact of the West Asia conflict on the Indian economy through inflation, growth and current account…
MUMBAI: The board of markets regulator Sebi on Monday approved some major changes to the disclosure rules governing the chairman, whole time members (WTMs) and other senior officials of the body. These changes, including public disclosure of their own assets and liabilities, and of their family members, were mostly based on the recommendations of the…
