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ITC VALUATION
ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrongKotak Securities estimates ITC’s tobacco business is valued at just 11X forward earnings, suggesting potential undervaluation. The brokerag...
Layoffs at Uber; Astrobase eyes fresh fundraiseUber will cut thousands of jobs in a restructuring move. This and more in today’s ETtech Top 5.
Happiest Minds stake sale: At 82, Ashok Soota’s next act is a ₹1,330 cr healthcare pushAshok Soota is selling a significant stake in Happiest Minds Technologies for Rs 1,330 crore. These funds will support his medical research...
ITC shares rise 5%; Happiest Minds falls 8% after FMCG major acquires IT firm. What shareholders must knowITC shares rose, while Happiest Minds fell, after ITC Infotech announced plans to acquire and merge with the Bengaluru-based IT services fi...
Tech layoffs continue; ITC Infotech-Happiest Minds to mergeHappy Tuesday! Tech giants Oracle and Microsoft are planning to restructure their India workforces. This and more in today’s ETtech Morning...
ITC Infotech to acquire 22.1% stake in Happiest Minds for Rs 1,330 crore; firms to mergeET had first reported on March 20 about ITC Infotech potentially looking to pick a stake in Happiest Minds. On August 29, ET reported detai...
₹49 lakh crore market-cap wipeout! Are Nifty’s fallen giants bargains or value traps?India's leading stocks have witnessed a staggering loss of forty-nine lakh crore rupees in total market capitalization. A significant decli...
GST Council to hold 57th meet on Sept 12 with ITC, simplifying the GST corporate guarantees & more on agendaThe GST Council will meet on September 12 to discuss key reforms. Proposals include easier input tax credit access for buyers and simplifie...
Tech leads D-Street bound, FPI play in focusOn Friday, Indian equities bounced back, driven predominantly by a surge in technology stocks. Investors showed renewed interest in underva...
Sensex drops 326 points, Nifty closes below 23,100 as market bleeds for 7th session. What lies ahead?Indian equities extended their losing streak on Wednesday, with the Nifty 50 declining for a seventh consecutive session amid rising oil pr...
Picture perfect quarter? Nifty profit growth hits a 10-quarter high, but 5 stocks do the heavy liftingNifty firms have recorded their most impressive profit growth in a decade, boasting significant contributions from five leading companies, ...
Retail investors make Rs 18,000 crore bold contra bet on 6 falling bluechip stocks. Will it pay off?In a bold move, retail investors invested a whopping Rs 18,000 crore in six blue-chip stocks that were on a downward trend. They scooped up...
FMCG’s FII nightmare! $5.2 billion selloff in 12 straight months. Are stocks set for a rebound?Over the past year, foreign investors have unloaded $5.2 billion worth of FMCG stocks, largely due to the challenges stemming from inflated...
Emami to invest Rs 400 crore in Bengal food park, eyes Agrotech IPOThe group’s edible oil arm, Emami Agrotech Ltd will set up the factory with the company having already expanded into staples such as atta, ...
Inside LIC’s Rs 16 lakh crore portfolio: Its biggest stock buys and sells in June quarterLife Insurance Corporation bought shares worth over Rs 16,000 crore in June. Bharti Airtel and Maruti Suzuki saw the largest buying from th...
Juniper Green Energy IPO Day 3: GMP at 1%; Check subscription and key details. Should you apply or skip?Juniper Green Energy IPO GMP today: The Rs 1,800-crore Juniper Green Energy IPO closes for subscription today with a subdued grey market pr...
MV Electrosystems IPO Day 3: GMP jumps, indicating 27% listing gains; issue subscribed 12.03 times; apply or skip?MV Electrosystems IPO GMP: Rs 290-crore MV Electrosystems IPO closes today after securing 12.03 times subscriptions by Day 2, led by strong...
Sensex rises 166 points, Nifty closes above 24,350; Bajaj twins, M&M among top gainersIndian stock markets concluded Friday with gains for a third straight session. Benchmark indices Sensex and Nifty 50 closed higher, reflect...
ITC charts growth strategy as cigarette tax hike hits stockITC Chairman Sanjiv Puri said the company is tackling higher cigarette taxes through calibrated price hikes, product innovation and diversi...
IHCL, IPO-bound Prism among top 10 cos in Hurun list; OYO parent doubles valuation to Rs 67,200 crPrism and Indian Hotels Company are top hospitality firms on the 2026 Hurun India Real Estate list. Prism's valuation surged 107 percent, r...