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BloombergQuint | Latest and Live Business, Market, Political and Economy News - Economy
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India Must Seize Opportunity In Changing Global Order, Focus Now On Easing Regulatory Frictions: FM
Finance Minister Nirmala Sitharaman on Tuesday said India must be prepared to tackle the challenges and seize the opportunities emerging from a changing global order and assured businesses of the government's ease of doing business reforms.
Chemical Sector's Stress To Continue Unabated, Says PL Capital; Positive Take On Navin Fluorine Among Others
We continue to maintain our cautious stance on the sector considering muted demand recovery and pricing pressure, especially for agrochemicals. Out of our coverage universe, we remain positive on Fine Organics, Navin Fluorine and Vinati Organics due to their lower exposure to agrochem.
RIL Q4 Results: Date, Dividend Announcement, What To Expect And Other Key Details
Reliance Industries Ltd. (RIL) will announce its financial results for the quarter and financial year ending March 31 this week. The investors and analysts will keep a watch on the company's retail business growth and the financial performance of the telecom arm, Reliance Jio Infocomm Ltd. The company's growth outlook will also be closely watched by market observers.
Premier, Waaree Energies Share Prices Rise Nearly 8% After US Tariffs On Southeast Asia Solar Imports
Shares of Premier Energies Ltd. and Waaree Energies Ltd. rose on Tuesday after the US imposed anti-dumping duty as high as 3,521% on solar imports from four Southeast Asian countries. Premier Energies stock rose as much as 7.98% to Rs 1,090, the highest level since Feb. 4, while shares of Waaree Energies were up 7.56% to Rs 2,629 apiece, the highest level since Jan. 22.
The Changing Face Of BFSI— Read Motilal Oswal's Thematic View; HDFC Bank, Angel One, Home First Among Top Bets
We remain selective in our BFSI stock picks: ICICI Bank, HDFC Bank, and SBI are our top large-cap picks. In mid-size banks, we prefer Federal Bank and AU Small Finance Bank. Shriram Finance, HomeFirst, PNB Housing Finance, and L&T Finance are our preferred picks among NBFCs. HDFC Life and ICICI Lombard are our favorites among insurance, whereas, among capital markets, we prefer HDFC AMC, Nuvama, CAMS, and Angel One.
TS Inter Results 2025 @12 PM Today: Where And How To Check TSBIE 1st 2nd Year Results?
he Telangana State Board of Intermediate Education (TSBIE) will announce the results for the Intermediate Public Examinations (IPE) for both first- and second-year students for the academic year 2024-2025 today at noon.
These Apple iPhones Will Be Compatible With iOS 19, While Support For Others Might Drop
As Apple prepares to unveil iOS 19 at the Worldwide Developers Conference starting June 9, there are expectations galore as to the good news the software update will bring. However, when it comes to which iPhones will be supported by iOS 19, not all will be hunky-dory. Some devices will be left behind, with Apple reportedly discontinuing support for them.
WhatsApp New Feature: How To Create And Share Custom Stickers And Sticker Packs
WhatsApp has unveiled a new feature that allows users to create sticker packs within the app, eliminating the necessity for third-party applications. It makes sticker management easy and enables users to arrange saved stickers in several folders, thus making it easy to find the required stickers. In addition, the feature also lets users send a sticker pack to a recipient, instead of just sending individual stickers one by one.
Stock Market Live: Nifty, Sensex Rise As HDFC Bank, Kotak Bank Trade At Record Highs
The GIFT Nifty was trading higher in early trade Tuesday, which indicates that the benchmark indices may open higher. Coal India Ltd., One 97 Communication Ltd., Tata Steel Ltd., and Vedanta Ltd. share prices may react due to news flow overnight. The GIFT Nifty was trading 0.06% or 14 points higher at 24,102.50 as of 6:48 a.m.
Indian Textiles May Not See A Big Trade War Boost, Cautions Pearl Global Industries MD
Following the United States' decision to levy a 245% tariff on Chinese products, a common perception emerged that this trade dispute would benefit the Indian textile industry, creating considerable export prospects. However, garment export Pearl Global Industries Ltd.'s Managing Director Pallab Banerjee explained to NDTV Profit that India still faces a lot of shortcomings that could hold it back from taking advantage of the trade war.
Waaree Energies Share Price Jumps Ahead Of Q4 Results
Solar manufacturer Waaree Energies Ltd.'s shares jumped 6% on Tuesday, ahead of the company's expected declaration of their financial performance for the quarter ended March 31, 2025. Waaree Energies is likely to post a net profit of Rs 496.15 crore and a revenue of Rs 4,028.15 crore for the fourth quarter of fiscal 2025, as per the consensus estimates of analysts tracked by Bloomberg.
iPhone 17 Pro: What’s Cooking For Apple Fans In 2025?
Apple is making some very exciting changes to its 2025 iPhone lineup, and the iPhone 17 Pro and iPhone 17 Pro Max are squarely in the spotlight. If leaks and rumours are to be believed, these models are getting a full makeover, from the outside to the inside.
Motorola Edge 60 India Launch: Listing On HDR10+ Certification Site Fuels Speculations
After the recent launch of the Edge 60 Fusion and Edge 60 Stylus models, Motorola is set to expand the user base for its Edge 60 series in India. The expected specifications of the phone have been reported on several online platforms. Now, a HDR10+ certification site has confirmed the monikers for the Motorola Edge 60 and Motorola Edge 60s.
Q4 Results Live: Waaree Energies, AU Small Finance Bank, HCLTech In Focus
As many as 17 companies across various sectors are expected to post their earnings for the quarter ended March 31, 2025 today, with key names like Havells India Ltd., AU Small Finance Bank Ltd., HCL Technologies Ltd., Mahindra & Mahindra Financial Services Ltd., Tata Communications Ltd., and Waaree Energies Ltd. leading the pack.
Senco Gold To Kalyan Jewellers: Jewellery Stocks Rise As Yellow Metal Hits All-Time High
The shares of Senco Gold Ltd., Sky Gold Ltd. and Kalyan Jewellers India Ltd. rose on Tuesday as the yellow metal hit a life high amid tensions between US President Donald Trump and Federal Reserve Chair Jerome Powell.
BSE Shares Hit Record High, Extend Gains To Nearly 7% In Three Sessions
Shares of BSE Ltd. surged 2% to hit a fresh all-time high on Tuesday, building on strong gains from the previous two sessions. The stock had closed 5.96% higher on Monday, and is now up 6.81% over the past three sessions, backed by heavy volumes. Since March 28, BSE shares have risen 15.41% after rival National Stock Exchange Ltd. deferred its plan to shift the expiry day for its contracts from Thursday to Monday.
Gold Prices At All-Time High: Uday Kotak Is All Praise For Indian Housewives
As gold prices touched lifetime high on Tuesday, veteran banker Uday Kotak weighed in on the precious metal's long-term performance—this time, with a nod to Indian savers. The Indian housewife is the "smartest fund manager in the world", he said in a post on X, adding that governments and economists pushing high deficit spending might learn a thing or two from India, "a net importer of store of value forever!"
HDFC Bank Q4 Results Review: ICICI Securities Maintains 'Buy'; Hikes Target Price To Rs 2,200
HDFC Bank Ltd. reported Q4 FY25 PAT of Rs 176 billion (RoA steady at ~1.9%) led by stable core net interest margin QoQ and contained opex. Deposits growth (14% YoY) remains driven by term deposits (20% YoY) while CA grew 18% QoQ (up 1% YoY) due to seasonality. Reported NIM (up 11bps to 3.73%) was aided by Rs 7 billion of interest on IT refund while asset quality was stable. Adjusted for IT refund, NII growth was reasonable at ~3% QoQ (up 8% YoY), as against loan growth of 4% QoQ (up 5% YoY).
Kesari Chapter 2 Box Office Collection: Akshay Kumar's Film Earns Rs 30 Crore In Three Days
Akshay Kumar's patriotic drama Kesari Chapter 2 appears to have struck the right chords with the audience, witnessing decent growth at the box office. Following a slow start on its opening day, the film experienced a major surge over the weekend. Kesari Chapter 2 minted Rs 12.25 crore on its first Sunday, reported Sacnilk. With this, the total collection for the film stands at Rs 29.75 crore after three days of release.
ICICI Bank Q4 Results Review: Earnings Quality Continues To Remain Superior; PL Capital Maintains 'Buy', Hikes TP
ICICI Bank Ltd. saw yet another good quarter with core PAT beating our estimate by 3.7% due to better asset quality; core pre-provision operating profit was in-line at Rs 166 billion. While loan growth was softer at 2.1% QoQ due to pricing pressure and slower system growth, reported net interest margin adjusted for tax refund of 2 bps improved by 14 bps Due to RBI accommodative stance, overall repo rate cut is likely to be between 75-100 bps compared to our estimates of 50bps.
HDFC Bank Q4 Results Review: Steady; Growth Trajectory Set To Accelerate - Motilal Oswal Maintains 'Buy'
HDFC Bank Ltd. posted a steady quarter with in-line earnings and a beat in net interest income, while the core margin improved 3 basis points QoQ. Further, net interest margin (including IT refunds) rose 11 bp QoQ to 3.54% in Q4 FY25. Business growth was healthy while aligning with the bank’s strategy to reduce the credit/deposit ratio consistently. Asset quality improved, with slippages remaining at a controlled level, while provision coverage ratio stood stable at ~67.9%.
Threat To US Exceptionalism Spurs Rush For Emerging Local Bonds
Emerging market local-currency bonds are being tipped to beat their dollar-denominated peers despite offering lower yields than even US Treasuries. The securities have had the best start to the year since 2022 against their dollar rivals, as global trade turmoil boosts expectations for interest-rate cuts in developing nations and cools inflation by pushing down oil prices. Dollar bonds meanwhile have underperformed as US President Donald Trump’s tariff threats weigh on the greenback.
ICICI Bank Q4 Results Review: IDBI Capital Maintains ‘Buy’ Rating With A New Target Price Of Rs 1,615
ICICI Bank Ltd. reported slowdown in credit growth to 13% YoY versus 14% YoY (Q3 FY25) vs 15% YoY (Q2 FY25); while deposit growth remains stable at 14% YoY (vs ~14% YoY Q3 FY25). We expect 14.5% CAGR (FY25-27E) loan growth. Net interest margins improved post decline in last six quarters led by rise in yields. However, need to watch out for impact of rate cut on NIMS We maintain ‘Buy’ rating with a new target price of Rs 1,615 (Rs 1,490), valuing parent business at Rs1,402
Stock Market Live: Nifty, Sensex Rises Over 1% As HDFC Bank, RIL Share Prices Lead
The GIFT Nifty was trading lower Monday morning, implying a negative start to the week. HDFC Bank Ltd., Yes Bank Ltd., HDFC Life Insurance Co., Bharat Heavy Electricals Ltd., and Jio Financial Services Ltd. share prices may react in Monday's session, due to earnings and business related news.
Nifty Bank Hits All-Time High: Three Key Factors Driving The Surge
The Nifty Bank index surged to an all-time high on Monday, adding 1000 points as it rose nearly 2% to trade at 55,291.05. This strong performance is the result of a combination of factors, including strong quarterly earnings from major banks, consecutive rate cuts by the Reserve Bank of India, and ample liquidity in the banking sector.
Another China Shadow Bank Seeks State Help As Trust Sector Reels
China’s state-owned AVIC Trust Co. is seeking assistance from two of its peers after delaying payments on some of its investment products, a sign of worsening problems in the country’s $3.7 trillion trust industry. The closely held trust company said in a statement late Friday that it has entered into a service agreement with CCB Trust Co. and SDIC Taikang Trust Co.
Top Android Phones In 2025: From Camera Experience To Foldable Tech
Want to get your hands on the best Android phone in 2025? This year, you are in luck; there are many great options, whether you need a powerful flagship or a stylish budget pick. Here is a quick round-up of the best Android phones you can check out right now, including Samsung Galaxy S25 Ultra, OnePlus 13, and more.
ICICI Bank Q4 Results Review: Another Strong Quarter; Dolat Capital Maintains 'Buy', Hikes Target Price
ICICI Bank Ltd. reported a robust quarter with low credit costs (sub 30 bps), contained opex, and steady net interest margin aiding an 18% YoY PAT growth and RoA of 2.5%. Margins at 4.4% (+16 bps QoQ) mainly benefited from the impact of fewer days in Q4, with largely stable calculated NIM (ex of KCC int reversals and interest on IT refund). Deposit growth strengthened to 6% QoQ/14% YoY, with slightly muted loan growth at 2% (13% YoY) owing to price consciousness in a declining rate environment.
Apple iPhone 16 Just Got Rs 11,000 Cheaper — Should You Finally Buy It?
Apple’s shiny new iPhone 16 has gotten more affordable on Amazon, with a sweet Rs 11,000 discount. The iPhone 16 comes with a 6.1-inch OLED display with ceramic shield glass and HDR support. It’s powered by the new A18 Bionic chip, which is faster and smarter, especially with all the new AI features.
Motorola Launches First Laptop In India: Check Price, Features Of Moto Book 60
Motorola has launched its maiden laptop, the Moto Book 60, in India. It will come in the Pantone colours that the brand is known for. The Moto Book will come in Bronze Green or Wedgewood tones. The laptop will have either an Intel Core 7 or an Intel Core 5 processor. Both variants will have 16 GB RAM with storage options of 512 GB or 1 TB. The Intel 7 version can have up to 32 GB RAM.
Siemens Shares Plummet As BofA Flags Expensive Valuations, Growth Concerns Post Siemens Energy India Demerger
Siemens Ltd. shares slipped over 2% on Monday after Bank of America Global Research warned that the company is giving away a high-value segment that had been a key driver of growth. The brokerage also flagged elevated valuations, noting that the demerged entity is trading at over 52 times forward earnings — well above its 10-year average.
OPPO K13 Launching Today: Check Price, Display, Camera And Other Key Specifications
Oppo is set to launch the OPPO K13, its latest mid-range contender, in India on Monday. It is aimed at the sub-Rs 20,000 price segment. It comes with compelling features, including a powerful new processor, a massive battery, and a high refresh-rate display. Those who want to get updates on the launch can follow Oppo's social media accounts.
BCCI Central Contracts 2025 — Check Full Player List Here
The BCCI on Monday announced the Annual Player Contracts for Team India (Senior Men) for the 2024-25 season (October 1st, 2024 to September 30th, 2025). Skipper Rohit Sharma, star batter Virat Kohli, Jasprit Bumrah and Ravindra Jadeja have retained their place in the A plus category, the highest bracket of the BCCI's central contracts list.
Kansai Nerolac's Vision 2030 Indicates Strong Growth, Industrial Focus - PL Capital Upgrades To 'Accumulate'
We attended the Kansai Nerolac India Ltd.'s India business strategy call (Part of Kansai Paint Japan, call), where the management indicated strong growth in non - decorative business led by sustain high growth in Automotive Paints, Auto refinishes, Powder coatings and sustained traction and new launches backed by innovation and Kansai’s technological edge across emerging segments. Kansai Nerolac plans to grow sales by 9% with 14-15% margins in near to medium term and is looking at 10% sales
Just Dial Share Price At Three-Month High On Strong Q4 Results
The share price of internet technology company Just Dial Ltd. surged nearly 10% in early trade on Monday after the company posted solid financials for the fourth quarter of fiscal 2025. Just Dial reported a bottom line of Rs 157 crore, a 36% increase from the same quarter last fiscal. The company's revenue from operations rose 7% to Rs 289.20 crore.