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BOFA SECURITIES REPORT
Beyond Jio IPO: 5 triggers Mukesh Ambani has lined up to revive Reliance shares for 44 lakh investorsReliance Industries is charting a new course to boost its stock for 44 lakh investors, moving beyond a potential Jio IPO. Billionaire Mukes...
Global economy remains fragile despite US-Iran truce, but India has buffers to weather shocks: RBIGlobal economic fragility persists despite a US-Iran truce, with risks of renewed inflation and supply disruptions if tensions re-escalate....
RBI flags rising fuel-price pressures amid West Asia war, says crude is easing as Hormuz fears recedeThe Reserve Bank of India has highlighted rising fuel prices and a dip in consumer confidence due to West Asian conflict, despite a recent ...
US stocks: Musk's SpaceX prices record $75 billion IPO at $135 a shareSpaceX has priced its record-breaking U.S. IPO at $135 per share, raising $75 billion and valuing the company at $1.77 trillion. This makes...
Morgan Stanley expects SpaceX revenue to hit $3.4 trillion in 2040SpaceX's revenue could hit $3.4 trillion by 2040, according to Morgan Stanley projections. The company is also preparing for its initial pu...
India should review FTAs, overhaul investment screening, report saysIndia should reassess the effectiveness of its existing Free Trade Agreements (FTAs), modernise its investment screening framework and adop...
Indian consumers turn defensive as job fears rise, economic confidence fallsIndian consumers are increasingly concerned about jobs and the economy. This is leading many to reduce spending on non-essentials like dini...
Exclusive | Is the India story over for FIIs? BofA says investors don't want to miss what's nextIndia's global equity market capitalization ranking has dropped to seventh as foreign investors shift focus to AI opportunities in Taiwan a...
Is SaaSpocalypse real? CLSA says maybe not and here’s whyInitial fears of an "SaaSpocalypse" following Anthropic's AI plug-in release have subsided. Brokerages now suggest AI is driving a shift to...
SpaceX plans to set IPO price at $135 per share, targeting $75 billion raise: ReportSpaceX is set to price its IPO at $135 per share, aiming to raise $75 billion and achieve a $1.75 trillion valuation. The company is breaki...
SpaceX targets $1.75 trillion valuation in all-primary IPO next week, sources saySpaceX is preparing for a massive initial public offering targeting a valuation of $1.75 trillion. The company plans to raise at least $75 ...
RMG cos reel from GST ruling; new-age firms’ costly rideHappy Friday! The Supreme Court’s latest GST ruling is the final blow for real-money gaming platforms after last year’s ban. This and more ...
Listed new-age internet firms brace for a costly ride as war clouds mathThe March quarter was largely stable for companies, with most firms reporting revenue growth in line with expectations and improving operat...
Groww shares jump 6% even as Peak XV, two other US investors sell stake worth Rs 5,326 crore. What lies ahead?Billionbrains Garage Ventures shares rebounded on Wednesday, recovering Tuesday’s losses triggered by a Rs 5,326 crore stake sale by Peak X...
BofA settles allegation of insider trading rule violation with SebiIn its settlement order, the SEBI stated that a show-cause notice sent to BofA Securities India alleged the firm's failure to maintain the ...
Groww, world’s most expensive broking stock, to face earnings test today after doubling from IPO priceBillionbrains Garage Ventures (Groww) is set to report earnings Monday, with investors questioning whether its rich valuation is justified....
Hot Stocks| What should investors do with Bandhan Bank, Bajaj Auto, Wipro, Paytm and IndusInd Bank?BofA Securities maintained a buy rating on Bandhan Bank with a target price of Rs 300. The asset quality improvements were very gradual.
BofA profit beats estimates on higher interest income, investment banking gainsThe U.S. economy has shown resilience despite rising interest rates as a hot job market and healthy finances prompt consumers to spend on g...
RBI may raise rates only in FY23: BofA Securities"We expect the RBI MPC to remain on hold in FY'22, with oil prices rising, and hike rates by 100bps in FY'23" said Indranil Sengupta, chief...
Demand shock in the making, warns BofA surveyBofA Securities said consumers are postponing discretionary consumption demand.