Brokerage firms offer varied outlooks on Indian stocks. CLSA is optimistic about Reliance Industries, while Morgan Stanley holds a neutral stance on IDFC First Bank. JP Morgan expresses caution on Maruti due to plant ramp-up costs. Investec recommends buying Mahindra & Mahindra, citing the potential of SML's addition.
Related news
India and New Zealand's Champions Trophy group match on Sunday in Dubai will determine whether India face Australia or South Africa in the semifinals. The match also allows India to potentially test their bench strength despite it being their first even contest of the tournament.
India's first ATM on a train successfully completed its trial run on the Panchavati Express between Manmad and Mumbai. Railways officials reported smooth operation, with minor signal disruptions in no-network zones. This collaboration between the Bhusawal division and Bank of Maharashtra allows passengers to withdraw cash and access banking services while traveling, potentially extending to other major trains if popular.
Private universities lead in fee-related complaints in India, with over 4,250 issues resolved and refunds of Rs 25.5 crore in the past five years, according to UGC's Fee Nivaran Cell. Uttar Pradesh, Delhi, and Rajasthan are the top states with the highest number of complaints.
Justice B V Nagarathna voiced strong support for the early enactment of 33% reservation for women in Lok Sabha and state assemblies, expressing hope to witness its implementation. Speaking at a book release, she emphasized women's rightful participation in public roles, advocating for gender equality and urging a review of discriminatory laws.
The film fraternity mourned the passing of Shyam Benegal, a pioneer of New Wave cinema, who mentored numerous actors and revolutionized Indian cinema with films like 'Ankur' and 'Manthan'. His work, celebrated for its raw and real storytelling, leaves a lasting legacy.
Despite strained trade relations with Bangladesh, India asserts its commitment to regional trade, clarifying that the trans-shipment facility withdrawal aimed to ease port congestion without impacting Bangladesh's exports to Nepal and Bhutan. India has expressed concerns over Bangladesh's restrictive trade measures, including port closures and yarn import blocks, alongside its renewed ties with Pakistan, raising security concerns for India.
In a shocking incident in Assam's Chirang district, Britesh Hajong, 60, was arrested for allegedly beheading his wife, Baijayanti Hajong, 50, during an argument in front of their daughters. Police reported that Hajong surrendered himself at the Ballamguri Police patrolling point with the severed head.
A Nagpur banker, denied a loan, found himself blackmailed by a goon who recorded his visits to a local brothel. The goon, Adesh Samudre, extorted gold and valuables worth Rs 2.35 lakh from the banker by threatening to expose his activities to his family.
Google CEO Sundar Pichai urged employees to focus on AI competition and regulatory challenges by 2025, emphasizing the importance of scaling the Gemini AI model. Despite increased competition and scrutiny, Pichai remains optimistic but stresses efficiency and creativity, referencing Google's early 'scrappy' days. He highlights the necessity of solving real user problems and effective execution.
BIS conducted raids on Amazon and Flipkart warehouses in Delhi and Tamil Nadu, confiscating thousands of substandard products lacking mandatory ISI marks. Items worth approximately Rs 70 lakh and Rs 36 lakh were seized from Amazon and Flipkart, respectively. The raids are part of a nationwide initiative to ensure compliance with quality standards and protect consumers.