Category: Business

Business

Government Likely To Propose Banking Governance Bill On Feb. 1 In Union Budget 2026

Posted on By admin

The government wants PSBs to be more competitive by Vision 2047, Separately, the government may consider raising the FDI limit in PSBs from the current 20%. According to reports, the Bill is still being finalised and may take another three to four months before it is ready for introduction in Parliament. However, its formal announcement in the…

Read More “Government Likely To Propose Banking Governance Bill On Feb. 1 In Union Budget 2026” »

Business

Motilal Oswal Cuts Target Price, But Retains Rating — Here’s Why

Posted on By admin

ITC Ltd.’s December quarter (Q3 FY26) performance remained steady in its core cigarette division, while its FMCG arm delivered a healthy uptick in operating profitability. However, the brokerage has turned cautious after the sharp taxation changes announced in the recent GST and excise revisions—implemented from February 01, 2026—resulting in a steep rise in cigarette taxes. Motilal…

Read More “Motilal Oswal Cuts Target Price, But Retains Rating — Here’s Why” »

Business

Income Tax Budget 2026 Live Updates Expectations FM Nirmala Sitharaman Income Tax Slab Changes January 30

Posted on By admin

According to Rajeev Gupta, Executive Vice President & Business Head – Third Party Products, Religare Broking Ltd over the decades, India transform from a nation of savers to a powerhouse of investors. ”While the 2025 Budget was a landmark victory for the middle class, effectively making income up to Rs 12.75 lakh tax-free, the Union…

Read More “Income Tax Budget 2026 Live Updates Expectations FM Nirmala Sitharaman Income Tax Slab Changes January 30” »

Business

Dixon Tech Share Price Zooms After Profit Surge In Q3 But Brokerages Are Cautious

Posted on By admin

Shares of Dixon Technologies Ltd. have surged more than 4% in trade on Friday after reporting its third-quarter earnings, where profit zoomed up to 68% on a year-on-year basis, even though operational numbers missed street expectations. The stock is currently trading at Rs 10,975, accounting for gains of 4.2% compared to Thursday’s closing price of…

Read More “Dixon Tech Share Price Zooms After Profit Surge In Q3 But Brokerages Are Cautious” »

Business

Focus On manufacturing, MSME Push And More

Posted on By admin

Anil G Verma, Executive Director and CEO, Godrej Enterprises Group says, “Union Budget 2026–27 should further strengthen manufacturing as India’s primary growth engine.” He expects continued policy support for PLI schemes, the National Manufacturing Mission and improved MSME credit access. Verma adds that deeper supply-chain integration, better logistics and technology-enabled manufacturing are essential for global…

Read More “Focus On manufacturing, MSME Push And More” »

Business

Microsofts $357 Billion Rout Is Worst Since Deepseek Hit Nvidia

Posted on By admin

Microsoft Corp. shares got caught up in a selloff Thursday that wiped out $357 billion in value, second-largest for a single session in stock market history.The software giant’s stock closed down 10%, its biggest plunge since March 2020, following Microsoft’s earnings after the bell Wednesday, which showed record spending on artificial intelligence as growth at…

Read More “Microsofts $357 Billion Rout Is Worst Since Deepseek Hit Nvidia” »

Business

‘Sit Back And Enjoy The View’, Says HSBC As It Turns Bullish On ITC Hotels, Chalet, Lemon Tree And Other Hotel Stocks

Posted on By admin

India’s hospitality sector is firmly in the midst of a structural upcycle, with strong and broad-based demand colliding with supply constraints, according to a recent report by HSBC Global Investment Research. The brokerage argues that the current cycle is fundamentally stronger than previous ones, underpinned by rising room rates, record occupancy levels and a sustained…

Read More “‘Sit Back And Enjoy The View’, Says HSBC As It Turns Bullish On ITC Hotels, Chalet, Lemon Tree And Other Hotel Stocks” »

Business

Ajit Pawar Was 100% Keen On Merging Two NCPs, Entire Process Was Complete: Aide

Posted on By admin

Maharashtra Deputy Chief Minister Ajit Pawar was keen on the merger of the two factions of the Nationalist Congress Party (NCP) and it was about to materialise soon, a close associate of the deceased leader claimed on Thursday. Kiran Gujar, who has been associated with Ajit Pawar since before his entry into politics in the…

Read More “Ajit Pawar Was 100% Keen On Merging Two NCPs, Entire Process Was Complete: Aide” »

Business

Brokerages Mixed Despite Strong Numbers; Demerger Remains Key Trigger

Posted on By admin

Brokerages remain divided on Vedanta Ltd. even after the company reported a strong December-quarter performance, with bulls pointing to metals price tailwinds and the upcoming demerger, while others flag limited upside at current valuations. Citi maintained its ‘buy’ rating on the stock and raised its target price sharply to Rs 900 from Rs 585, citing…

Read More “Brokerages Mixed Despite Strong Numbers; Demerger Remains Key Trigger” »

Business