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Apollo Micro Systems shares rose 1% after the defence manufacturer was said to be nearing a deal to acquire Premier Explosives for Rs 2,300-2,500 crore, including the cost of an open offer to minority shareholders, ET reported. A board meeting of Premier Explosives is scheduled for today. Both Apollo Micro Systems and Premier Explosives are…
Shares of Dr Reddy’s Laboratories fell 6.5% to Rs 1,261 on the BSE on Thursday after the company said commercial supplies of its semaglutide product will be delayed following a quality-related issue linked to the active pharmaceutical ingredient (API) used in certain batches. In an exchange filing, the company said certain batches of semaglutide were…
Shares of Uno Minda, a global manufacturer and supplier of auto components, gained over 3% to Rs 1,169 on the BSE on Thursday after Motilal Oswal initiated coverage with a Buy call and a target price of Rs 1,406, an upside of 25% from current market levels. The domestic brokerage said the company is emerging…
Shares of Cupid rebounded sharply on Thursday, climbing 5.5% to Rs 208 on the NSE after tumbling nearly 12% in the previous session. The recovery reflected renewed investor confidence, supported by the company’s strong business momentum and an upgraded growth outlook.The stock created excitement earlier in Wednesday’s session by touching a fresh 52-week high of…
The shares of Aequs extended sharp gains for the third consecutive session on Thursday, rallying more than 18% during the gaining streak to hit a lifetime high today as bullish brokerage calls boosted investor sentiment for the smallcap aerospace player. Aequs shares jumped 7% today, hitting a record high of Rs 274.39 apiece. The sharp…
Shares of Swiggy and Eternal rallied up to 7% on Thursday, extending their recent gains as improving sentiment around the food delivery and quick commerce space lifted investor confidence. The rally was supported by Swiggy’s foreign ownership dropping below 50% and bullish brokerage views on the long-term growth prospects of both companies. Swiggy shares surged…
India is transitioning from the Income Tax Act, 1961, to the new Income Tax Act, 2025, a move that has raised several questions among taxpayers, businesses, and tax professionals regarding pending assessments, procedural matters, and ongoing applications. To address these concerns, the Central Board of Direct Taxes (CBDT) has issued a detailed set of Frequently…
Suppose you invest $10,000 and use leverage to create FCNR deposits worth $100,000. At a 7% deposit rate, the deposits earn $7,000 a year. If borrowing costs are 5.5%, the interest cost on the $90,000 loan is $4,950, leaving a surplus of about $2,050 annually. Over three years, that translates into more than $6,000 of…
Shares of Kalyan Jewellers India surged as much as 9% to Rs 407.75 in Thursday’s trade, extending their winning streak for a second straight session. The stock has now rallied more than 15% in two days, buoyed by the company’s strong first-quarter business update. In the previous session, the shares had gained over 6% after…
Shares of Dixon Technologies, Syrma SGS Technologies and Amber Enterprises rose as much as 6% on Thursday after the Centre expanded customs duty concessions on a range of machinery and components used in electronics manufacturing. The benefits, which come into effect immediately, cover equipment and parts used in lithium-ion batteries, display modules and smartphone components,…