Target: ₹230 CMP: ₹215.65 Macquarie has initiated coverage on Adani Power with a target price of ₹230/sh (15x 2 year forward EV/EBITDA) India’s power demand outlook remains structurally robust despite…
Author: Admin
Fall in gold prices to exert pressure on jewellers’ margins
The sharp fall in gold prices, coupled with subdued demand, is expected to exert pressure on margins of jewellery companies in the June quarter. Gold prices have been on a…
Biocon founder Kiran Mazumdar-Shaw says India needs patient capital for Biotech
Kiran Mazumdar-Shaw, Executive Chairperson of Biocon Ltd., started the company in a Bengaluru garage in 1978 with ₹10,000, an idea few understood and a banking system that viewed her as…
After Delhi Aerocity, Prestige plans mega mixed-use project in Bengaluru airport
Top real estate company Prestige Group will develop a megascale integrated project within Bengaluru Airport City, including a 8,000-seater convention and exhibition centre, a performing arts hub, two luxury hotels,…
‘Tough times don’t last’: Birla says Vodafone Idea has navigated one of its toughest periods
NEW DELHI: Vodafone Idea has emerged from one of the most difficult phases in its history and is now focused on executing its turnaround plan, non-executive chairman Kumar Mangalam Birla…
Missed filing income tax returns for years? How to use ITR-U to clear your backlog
Skipping your income tax returns (ITRs) for two or three consecutive years is a direct trigger for an official notice from the Income Tax Department. Under standard Indian tax regulations,…
Can missing 15 trading days over 27 years cost investors ₹1.9 crore? The data says yes
A ₹10 lakh investment in the Total Return Index in July 1999 would have grown to ₹2.84 crore by May 2026. Yet missing the market’s 15 best trading days during…
Tax-loss harvesting explained: Key things mutual fund investors should know before booking losses
has emerged as a popular strategy among mutual fund investors looking to reduce their tax liability. But as with most tax-planning strategies, the benefits depend heavily on how it is…
Manipal Health Enterprises Pvt Ltd leases 2.4 lakh sq ft space in Bengaluru at a total rent of over ₹837
Temasek-backed healthcare major Manipal Health Enterprises Private Limited has leased a 2.4 lakh sq ft property in Bengaluru’s Konankunte area for a period of 29 years and 11 months at…
US stock market today: S&P 500, Nasdaq futures jump up to 1% as chip stocks rebound; oil prices retreat
traded higher on Thursday, 11 June, after suffering back-to-back losses, as a recovery in chip stocks helped lift sentiment. S&P 500 futures rose 0.7%, recovering from a five-week low. Nasdaq…