J P Morgan has maintained its ‘overweight’ recommendations on Swiggy with a target price of Rs 730 (+51%) and Zomato with a target price of Rs 340 (+40%). Analysts see current share prices as attractive entry points for both the stocks. They also have positive views of the two companies about their ramp-up strategies for…
SpaceX’s mega rocket Starship launches for a test flight from Starbase in Boca Chica, Texas (AP photo) SpaceX‘s latest Starship rocket test flight on Thursday ended with the spacecraft’s destruction, despite a successful booster catch at the launch pad. The company reported that the spacecraft’s six engines appeared to fail sequentially, with communication lost approximately…
Israel postponed a Cabinet vote on Thursday regarding a crucial ceasefire agreement that would halt fighting in Gaza and secure the release of numerous hostages. Meanwhile, Israeli airstrikes resulted in at least 72 casualties in the conflict-affected region.Prime Minister Benjamin Netanyahu attributed the delay to a last-minute disagreement with Hamas. Saif Ali Khan Health Update…
MUMBAI: RBI has stated that Tata Sons’ application for de-registration as an NBFC is under examination. This is the first time the central bank has confirmed the development, which aims to avoid a listing of the holding company for the Tata Group.The disclosure was made by RBI while releasing the list of non-banking finance companies…
NEW DELHI: India Thursday welcomed the announcement of the agreement for the release of hostages and a ceasefire in Gaza, expressing hope it will lead to a safe and sustained supply of humanitarian assistance to the people of Gaza.“We have consistently called for release of all hostages, ceasefire, and return to a path of dialogue…
MUMBAI: Reliance Industries, India’s largest company in terms of market value, reported a 12% rise in quarterly profit on Thursday, helped by strong demand in the retail business, and as higher telecom tariffs and a rise in 5G subscribers boosted the telecom unit. Profit grew to Rs 21,930 crore in the Dec quarter, beating analysts’…
MUMBAI: Stocks of companies belonging to the Adani group rallied as much as 10% in Thursday’s market on the back of news that Hindenburg Research will close down. Nearly two-years to the day, the US-based short-seller had brought a massive crash in Adani group’s stocks after it published a 110-page report alleging several corporate malfeasances…
MUMBAI: Hindenburg Research, the US-based short-seller whose reports had shaved off about $140 billion from Adani Group‘s market valuation in early 2023, pushed the Indian govt and markets regulator Sebi on the backfoot, and left Indian investors divided whether to support it or oppose, is winding down. Calling Adani’s businesses “the largest con in corporate…
BENGALURU: Isro said Thursday it received the green light for the construction of a third launch pad (TLP) at its Satish Dhawan Space Centre in Sriharikota, from the Union Cabinet led by Prime Minister Narendra Modi. The project, estimated to cost Rs 3,984.8 crore, is set to enhance India’s space launch capabilities and support future…
NEW DELHI: The successful docking of two Isro spacecraft in space on Thursday has paved the way for future space and outer space missions as India desperately needs a permanent station in space for parking its spacecraft before pursuing a long space journey.The docking mission is a very challenging task as it involves reducing the…
