Mumbai, April 15 (IANS) Shares of Indus Towers came under pressure after Jefferies downgraded the stock to ‘Underperform’ from ‘Buy’ and slashed its target price, citing rising risks to growth, cash flows and valuations.The brokerage has cut its target price on Indus Towers to Rs 375 from Rs 530 — implying a downside of about 14 per cent from current levels.It said the downgrade reflects near-term uncertainties and structural pressures that could limit upside in the stock despite a stab…
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New Delhi, April 7 (IANS) The Reserve Bank of India (RBI) is likely to keep policy rates on pause as liquidity tools will take centre-stage in 2026, even as crude prices sit about 50 per cent above the central bank’s $70 per barrel assumption, a report said on Tuesday.”Current oil prices are 50 per cent above RBI’s assumption of $70/bbl. Despite this, we continue to see a high bar for monetary tightening,” the report from SBI Mutual Funds said.The AMC firm noted metals and mining as sectoral…
New Delhi, March 3 (IANS) India’s telecom sector continued its growth momentum in the December 2025 quarter, with internet subscribers crossing the 1.02 billion mark and overall telephone connections rising sharply, according to the latest performance report released by the Telecom Regulatory Authority of India on Tuesday.The TRAI released its Indian Telecom Services Performance Indicator Report for the quarter ending December 31, 2025.The report showed steady growth in internet users, telepho…
Mumbai, Feb 22 (IANS) India Inc delivered its strongest earnings performance in the past eight quarters in the third quarter of FY26, driven by broad-based sectoral growth and improving demand trends, a new report said on Sunday.The data compiled by Motilal Oswal Financial Services said that aggregate earnings of the Nifty 500 universe rose 19 per cent year-on-year in 3QFY26.Excluding financial stocks, earnings growth stood even higher at 23 per cent. If metals and oil & gas companies are ex…
Gwalior, Feb 2 (IANS) Union Minister for Communications and Development of North Eastern Region, Jyotiraditya Scindia, said on Monday that the Budget for financial year 2026-27 fulfills the aspirations of the people and takes decisive steps towards realising the national resolve of a developed India (‘Viksit Bharat’) at the grassroots level. Scindia, who is a BJP MP from Madhya Pradesh’s Guna, made this statement while addressing a press conference during a visit to Ashok Nagar (under Gwalior di…
New Delhi, Jan 24 (IANS) While volatility is likely to persist in the Indian markets in coming months, the country remains well positioned to outperform many global peers over the medium to long term, a report said on Saturday.The wealth management firm, PL Wealth preferred the financial sector as the core portfolio anchor as credit growth is expected to stay healthy, asset quality stable and capital adequacy strong.”Select private banks, PSU banks, and well-managed NBFCs offer attractive risk-r…