Wednesday, August 26
ET Intelligence Group: Shares of Samvardhana Motherson International have risen 9% over the past month, touching a 52-week high of ₹121.5 on December 12. The auto ancillary company anticipates accelerated revenue growth and margin expansion, supported by new model launches, and operational efficiency. For FY26, it has guided for a capex of over ₹6,000 crore with ₹2,653 crore deployed in the first half. During the September quarter, two new greenfield plants became operational, while 10 additional facilities are in various stages of completion, most expected to contribute from FY27. Analysts have maintained 'BUY' with 8-17% upside to Wednesday's closing of ₹119.6. Samvardhana's order book was $87.2 billion at the end of September and executable over next five-six years, including $
WASHINGTON, - The U.S. Senate on Wednesday confirmed billionaire private astronaut Jared Isaacman to become President Donald Trump's NASA administrator, making an advocate of Mars missions and a former associate of SpaceX CEO Elon Musk the space agency's 15th leader. The vote on Isaacman, who Trump removed and then renamed as NASA administrator nominee this year, passed 67-30, two weeks after he told senators in his second hearing that NASA must pick up the pace in beating China back to the moon this decade. Isaacman will lead an agency of 14,000 employees as it invests billions of dollars into its most ambitious space exploration endeavor yet: returning humans to the moon to seed a long-term presence on the surface before eventually sending astronauts to Mars. NASA WORKFORCE CUT IN EFFIC
Mumbai: India's Volatility Index, or VIX - popularly known as the market's fear gauge - ended at fresh lifetime lows on Wednesday as directionless trade, a dearth of triggers, and thinning derivatives activity led to a decline in the measure. The index closed at 9.84 on Wednesday, down 2.23%, below its previous record closing level of 9.88 seen in September this year. NSE's Nifty fell 0.2% to close at 25,818.55, while BSE's Sensex declined 0.1% to end at 84,559.65 on Wednesday. A fall in VIX indicates that market participants expect lower volatility in the near term. It means investors anticipate smaller price swings in the index over the next 30 days, reflecting a period of trading in a tighter band rather than sharp moves. "The primary driver behind the decline has been a sustained contr
Mumbai: The board of the capital market regulator approved major changes to the mutual fund industry's fee structure to make it more transparent and cost-efficient for investors, but deferred a decision on a new framework for managing conflict of interest among its own top officials. It also approved proposals to simplify initial public offer (IPO) disclosures and revamp stock broker regulations at the meeting on Wednesday. The comprehensive review of Securities and Exchange Board of India (Sebi) regulations on mutual funds and stock brokers is the first in nearly three decades. The regulator approved measures to encourage a transparent break-up of costs charged by asset management companies and mandated disclosure of all components of such charges to investors. It has reduced the total ex
