Mumbai, Feb 26 (IANS) Multinational brokerage Bank of America Securities (BofA) downgraded the rating on IDFC First Bank Ltd. to ‘Neutral’ and cut its 12‑month target price to Rs 75 from Rs 95, citing near‑term headwinds after the bank was de‑empanelled by the Haryana government following a fraud incident.The brokerage predicted a 13 to 14 per cent cut to the bank’s EPS estimates which prompted a downgrade from its earlier ‘Buy’ rating.The bank has seen nearly Rs 200 crore of deposit outfl…
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Mumbai, Jan 20 (IANS) As the Budget 2026-27 approaches, the focus is likely to shift towards structural economic reforms, with limited room for major tax concessions following last year’s significant increase in tax slabs and GST rate cuts, a report showed on Tuesday.The Indian equity markets have turned largely range-bound after giving up most of their recent gains, amid rising global geopolitical risks and persistent tariff-related uncertainties with the US.However, domestic demand indicator…
Chennai, Jan 7 (IANS) AIADMK General Secretary Edappadi K. Palaniswami (EPS) undertook a sudden visit to New Delhi on Wednesday, triggering intense political speculation amid ongoing — and reportedly strained — seat-sharing negotiations between his party and the BJP for the upcoming Tamil Nadu Assembly elections.According to sources, EPS departed Chennai around 2.30 p.m. and is scheduled to reach the national capital in the evening.He is expected to hold discussions with Union Home Minister Am…