A decisive upside breakout of 23,500-23,600 levels could open more upside ahead, says Nagaraj Shetti of HDFC Securities. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened flat in trade on Thursday. While BSE Sensex was near 78,580, Nifty50 was above 23,750. At 9:16 AM, BSE Sensex was trading at…
ICICI Securities has an ‘add’ recommendation on LIC Housing Finance with a target price of Rs 640 (+11%). Analysts said the company’s margin fell for the third consecutive quarter to an eight-quarter low on the back of pressure on yields. Asset quality metrics, however, continue to exhibit resilience. Given the stock is currently inexpensive, they…
CHENNAI: Is there a question mark hanging over Ford’s return to India? The American auto major, sources said, was supposed to release detailed plans of its fresh India strategy by Jan but is now reportedly doing a rethink.According to sources with direct knowledge of the matter, the company is currently reconsidering its India plans and…
BENGALURU: IBM chairman and CEO Arvind Krishna observed that the AI race is focused on whether bigger models mean better outcomes. Yet, AI systems do not inherently need to consume extensive resources or require substantial investments. “Following IBM’s earnings announcement earlier today, I had a lot of conversation and without fail, DeepSeek came up…. For…
MUMBAI: India’s small towns are splurging on luxury shopping – as the growth of e-commerce has democratised access to luxury. Far beyond the metros of Mumbai, Delhi and Bengaluru, home to some of India’s richest, luxury shopping has reached places like Gujarat’s Botad and West Bengal’s Asansol where people are shopping for luxury footwear, watches,…
Finance Secretary Tuhin Kanta Pandey NEW DELHI: Finance secretary Tuhin Kanta Pandey on Tuesday said govt has taken measures to lower fiscal deficit and delivered a non-inflationary Budget, and hoped that the RBI’s monetary policy will work in tandem with fiscal policy to support growth. He also said that although rupee depreciation increases inflation on…
MUMBAI: Shantanu Naidu, who gained recognition as an assistant to late industrialist Ratan Tata, has transitioned to Tata Motors as general manager for strategic initiatives after spending over six years at Tata Sons. “I remember when my father used to walk home from the Tata Motors plant in his white shirt and navy pants, and…
BENGALURU: Many startups focused on AI development, influenced by Chinese AI startup DeepSeek, are initiating projects and allocating resources towards creating indigenous models for India.“The focus is not just on building LLMs (large language models) but on developing advanced models for artificial general intelligence (AGI) eventually. We can begin with 10 companies, including ourselves, TCS…
Budget 2025 income tax: The total income till which marginal relief is available is near about Rs. 12,75,000/-. Latest income tax slabs 2025-26 post Budget 2025: Finance Minister Nirmala Sitharaman announced ZERO or NIL tax liability for individuals earning up to Rs 12 lakh in the Union Budget 2025. For salaried individuals, including the standard…
GST reforms: The primary objective will be to restructure the tax slabs to ensure meaningful outcomes. More tax relief coming soon? The Narendra Modi government, having provided substantial relief in personal income tax and customs tariff rationalisation in the Union Budget 2025, is now expected to initiate efforts to streamline the goods and services tax…
