[ad_1] Top stocks to buy today (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Dabur and Gail are the top stocks to buy today:Dabur – Buy in the range between Rs 480 & Rs 488; Stop Loss: Rs 467; Target: Rs 519Dabur has broken…
[ad_1] NEW DELHI: In a setback to Airtel and Vodafone Idea, Supreme Court on Monday dismissed their plea for waiver of interest and penalty relating to adjusted gross revenue (AGR) dues, which are to the tune of Rs 80,000 crore.The order will also impact Tata Teleservices.The outstanding AGR following the original SC ruling in 2019…
[ad_1] NEW DELHI: Elon Musk‘s Starlink looks set to clear the final regulatory hurdle for beginning satcom services in India. IN-SPACe, the nodal agency under the department of space (DoS), is likely to grant approval to the company for launching commercial satellite broadband services.The inter-ministerial standing committee of IN-SPACe (Indian National Space Promotion and Authorisation…
[ad_1] Hon Hai Precision Industry Co., the main manufacturer of Apple Inc.‘s iPhones, will inject $1.5 billion into its India unit as production shifts away from China.The Taiwan-based company said in an exchange filing on Monday that it had made the investment through its Singaporean subsidiary. Hon Hai, which is building new plants and adding…
[ad_1] MUMBAI: Sebi has threatened two Mauritus-based funds with investments in the Adani Group that they could face penalties and cancellation of licences for not sharing shareholding details despite repeated requests over two years, according to a document reviewed by Reuters.The Adani Group and its 13 offshore investors have been facing an investigation by the…
[ad_1] MUMBAI: State Bank of India has cut fixed deposit rates by 20 basis points across all tenors for both the general public and senior citizens from May 16. The move follows a 25 bps repo rate cut by RBI in April and comes ahead of another expected cut in June.RBI also infused nearly Rs…
[ad_1] MUMBAI: Instant beverage maker Rasna on Monday announced that it has acquired the brand Jumpin from Hershey’s India for expanding into the ready-to-drink category. Rasna did not disclose the amount it has paid for the 100% acquisition of the brand. However, it indicated that independent agencies have valued the brand at Rs 350 crore….
[ad_1] NEW DELHI: Apple’s key supplier Foxconn has invested $1.48 billion (approximately Rs 12,800 crore) in its India operations over the past five days, the company disclosed in a regulatory filing.The investment was made into Yuzhan Technology (India) Private Limited, Foxconn’s Tamil Nadu-based unit, via its Singapore arm, Foxconn Singapore Pte Ltd. Under the transaction,…
[ad_1] Kotak Mahindra Mutual Fund on Monday bought a 6.6 per cent stake in pharmaceutical companyAmi Organics for nearly Rs 301 crore through open market transactions. According to the block deal data available on the National Stock Exchange (NSE), Kotak Mahindra Mutual Fund (Kotak MF) purchased 26.97 lakh shares or 6.59 per cent stake in…
[ad_1] Image used for representative purposes The Supreme Court on Monday questioned the Centre’s delay in establishing a definitive policy for cryptocurrency regulation, expressing concerns over its economic implications. The bench, comprising Justices Surya Kant and N Kotiswar Singh, drew parallels between Bitcoin transactions and illegal “hawala” operations. Justice Kant observed, “Trading in Bitcoin is…