NEW DELHI: Wholesale price inflation accelerated in Dec due to an increase in prices of some manufactured products and non food items.Data released by the commerce and industry ministry on Tuesday showed inflation, as measured by the wholesale price index, rose an annual 2.4% in Dec, higher than the 1.9% in Nov. Price pressures have…
NEW DELHI: Internet and e-commerce lead as attractive paymasters across levels, outshining energy, retail, FMCG and business consulting. Top executives – those with over 15 years experience – in the internet and e-commerce sector earned highest pay checks in 2024, with an average cost to company (CTC) of nearly Rs 37 lakh.The burgeoning e-commerce market…
NEW DELHI: A court discharged Tuesday JSW Steel Ltd (formerly Monnet Ispat) in a case related to alleged irregularities in the allocation and running of Gare Palma and Rajgamar Dipside coal blocks in Chhattisgarh.The court said the adjudicating authority approved JSW’s application to take over Monnet Ispat via a resolution under insolvency & bankruptcy code….
CLSA has initiated coverage of Hyundai Motor India with an ‘outperform’ rating and a target price of Rs 2,155 (+22%). Analysts feel the cars that the company sells in India are aspirational yet affordable. Although the company is going through a period of low growth amidst elevated utilisation, they expect its loss of market share…
<p>Asian stocks declined following US employment data. (AI image)<br></p> Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, crashed in trade on Monday morning. While BSE Sensex went below 76,600, Nifty50 was near 23,200. At 9:31 AM, BSE Sensex was trading at 76,726.48, down 652 points or 0.84%. Nifty50 was at 23,229.90,…
Top stock picks for the week (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting January 13, 2025) are Tata Consultancy Services (TCS) and Coal India Limited. Let’s take a look: Stock Name Rating CMP (Rs) Target (Rs) Upside (%) TCS Buy 4265 5000…
Bernstein has maintained its ‘outperform’ rating on Reliance Industries but has a reduced target price of Rs 1,520 (+22%) from Rs 1,720 earlier. Analysts feel with a difficult 2024 behind it, there’s a favourable set up for RIL into 2025. They believe 2025 will see a recovery cycle for Reliance led by Jio ARPU increase…
MUMBAI: As scores of people gear up to visit the Maha Kumbh mela at Prayagraj, brands are going all out on advertising and marketing to gain a share of consumers’ mind space. At a time when consumption is sluggish and the Indian middle class is counting every penny they are spending, getting 40 crore people…
Subrahmanyan’s compensation package comprised Rs 3.6 crore as base salary. L&T chairman SN Subrahmanyan, who finds himself in the midst of a big social media backlash following his 90-hour work week comments, received a total compensation of Rs 51 crore in the last financial year, according to L&T’s FY24 annual report.Following the debate sparked by…
Budget 2025 income tax: The highest marginal rate for individuals is 42.744%. (AI image) Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman should look to reduce the personal income tax rates in the Union Budget 2025, says Assocham in its pre-Budget 2025 memorandum.“While corporate tax rates have become globally competitive, in order to ensure…
