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Latest in Business

Vodafone Idea shares zoom 102% in one year. Is there more steam left after multibagger returns?

Vodafone Idea shares have surged 102% over the past year, prompting investors to reassess whether the rally has further room to run. While Jefferies sees the stock as a high-beta turnaround opportunity and expects it to reach Rs 20, other brokerages remain cautious. With the stock already above most analyst targets, technical indicators suggest further upside, but risks remain.

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Weekly Market Outlook: Can Nifty find its footing as crude, Fed policy drive markets?

Indian equities enter a holiday-shortened week with the Nifty at a crucial support zone after five consecutive weekly declines. The US Fed’s policy decision, FOMC projections, crude oil prices, global bond yields and foreign flows will drive near-term sentiment. Analysts expect volatility to remain elevated but see scope for buying at lower levels, with the Nifty’s 23,000–23,300 zone in focus.

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Paramount Leaving California Would Devastate Los Angeles Economy, Leaked Report Finds

A leaked report from the Los Angeles Economic Development Corporation outlines devastating aftershocks that would follow if David Ellison pulled Paramount Skydance out of California. A copy of the report published by Politico reads, “At a minimum, relocating Paramount’s headquarters and other operations out of California would result in losses of 2,750 and 5,550 job-years […]

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HDFC Bank submits two candidates to RBI for next CEO

India's ​largest ​private lender HDFC Bank has ‌submitted ⁠the ⁠names ​of two candidates ​to the ​Reserve Bank ⁠of India ‌for ​the ​position ⁠of managing director ​and chief executive ​officer, Bloomberg News ‌reported on ​Saturday, ​citing an ⁠exchange filing.

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F&O Talk: Nifty has slipped below its crucial support, says Sudeep Shah; picks 5 stocks for next week

After a turbulent trading day, Indian stock indices bounced back significantly as oil prices and bond yields eased. The Sensex and Nifty ended with modest declines, having experienced deeper dips earlier. Previous climbs in crude oil prices and geopolitical issues had weighed down on investor confidence. Analysts suggest maintaining caution and closely watching Nifty’s support and resistance levels, highlighting particular metal stocks and equities to watch for the week ahead.

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Bitcoin trades at $77,000 mark as profit-taking weighs on market; September FOMC meeting to act as next catalyst

Bitcoin is currently hovering around $77,000 after a slight retreat from $78,000, influenced by profit-taking and market dynamics. The performance of major altcoins varied significantly, with some posting gains while others experienced declines. Meanwhile, global crypto market capitalization has seen a marginal rise to $2.73 trillion. Investors are keeping a close watch on the upcoming FOMC meeting, which is poised to trigger substantial market movements.

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Demat 2.0 explained: Why it matters for bond market investors

In an innovative move, Sebi has rolled out Demat 2.0, a pilot scheme aimed at tokenising corporate bonds. This initiative facilitates rapid settlement and instant fund retrieval for investors. It automates interest and redemption payments through smart contracts, while atomic settlement mitigates risks by coordinating the release of bonds and payments seamlessly. Future developments will broaden this system's reach to secondary markets and individual investors.

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Jefferies picks 5 financial stocks with upside of up to 25%. How many do you have?

With a stock price target price of Rs 1,250, the brokerage forecasts an upside of 17%. The lender will transition from a small-finance bank to a Universal bank that can lower funding cost, lift fees and strengthen brand to aid growth. Over FY26-29, strong deposit growth will aid credit growth of 22% CAGR and 29% in PPP (ex-treasury), highest in its coverage.

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