Monday, October 19
Jubilant FoodWorks finds itself caught in the crossfire of escalating tensions between India and Pakistan, amid growing calls for a boycott of Türkiye following the country's implicit support for Pakistan in the ongoing conflict. The company had acquired DP Eurasia, the master franchisee of Domino’s Pizza in Turkey, Azerbaijan, and Georgia, in early 2024.There are reports emerging that overall India's trade relations with Turkey and Azerbaijan are expected to come under strain due to Ankara and Baku backing Islamabad and condemning India's recent strikes on terror camps in Pakistan. Indian traders too have started boycotting Turkish products such as apples and marble.India launched Operation Sindoor on May 7 to destroy nine terror infrastructures in Pakistan and Pakistan-occupied-Kashmi
Markets regulator Sebi on Wednesday expanded the list of eligible professionals who can be part of the internal audit team for Credit Rating Agencies (CRAs), making it more inclusive. Earlier, the internal audit team for CRAs was required to include a Chartered Accountant (ACA/FCA), and a Certified Information Systems Auditor (CISA) or someone with a Diploma in Information System Audit (DISA). With the latest update, the revised criteria now allow for either a Chartered Accountant (ACA/FCA) or a Cost Accountant (ACMA/FCMA), along with a professional holding one of the following qualifications: CISA, DISA, or DISSA (Diploma in Information System Security Audit from ICMAI). "The audit team must be composed of at least a Chartered Accountant (ACA/FCA) or a Cost Accountant (ACMA/FCMA) and a
Mumbai: India's broadest equity gauges retreated about 1.5% on Tuesday, as traders booked profits a day after stocks had climbed the most in four years. The truce along the western front and prospects of a Sino-American trade deal had undergirded Monday's stellar performance, with both indices soaring nearly 4% each. "On Monday, the announcement of a ceasefire in the India-Pakistan conflict triggered significant short covering, resulting in an overreaction in the markets," said Sham Chandak, head of institutional equities, at Elios Financial Services. "Today, the markets saw some corrections from these elevated levels, and the weekly Sensex expiry contributed to a pullback in the headline indices."The Nifty fell 346.3 points, or 1.4%, to 24,578.3. The Sensex declined 1,282 points, or 1.5%,
A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 12% and 35% as per analysts’ price targets. RELIANCE INDUSTRIES BROKERAGE: CITI Price Target: Rs 1,585 CMP: Rs 1416.2 Upside: 12% O2C (Oil to Chemicals) improvement driven by higher refining margins, higher domestic fuel retail margins, and improved petrochemical spreads Upcoming shareholder meeting will be key to monitor for any updates on proposed timelines for Jio’s listing Anticipation of some updates on Jio’s listing in the shareholder meeting could support stock price performance heading into the event IIFL FINANCE BROKERAGE: HSBC Price Target: Rs 550 CMP: Rs 405.7 Upside: 35% Upgrade stock rating to buy and raise price target to Rs 550 from Rs 380 Recovery in microfinanc
Tata Steel is eyeing cost savings of over ₹10,000 crore across its operations this fiscal, as it continues to pursue its enterprise goal of cutting debt by $1 billion every year while continuing to invest in growth, a top executive said.“In the UK, when we take out more than ₹2,000 crore cost this year, that is effectively to self-sustain the UK, because India has been supporting the UK for long,” Tata Steel chief financial officer Koushik Chatterjee told ET in an exclusive interaction. “In the Netherlands, when we take out this cost ( ₹4,500 crore), it actually creates the capital for future decarbonisation.”In India, these cost savings will be used for deleveraging as well as investing in growth, he said.Tata Steel ended the fiscal 2025 with a net debt of ₹82,579 crore, u
