Emkay Global has downgraded ACC to sell due to weak margin trends and slower capex execution with the target price cut sharply to Rs 1,600 from Rs 2,280. Analysts said that ACC’s valuation revised to 7x EV/EBITDA (economic value/earnings before interest, taxes, depreciation and amortisation from 9x given deteriorating fundamentals. They have cut ACC’s FY27…
The launch of Parisian luxury department store Galeries Lafayette earlier this month in Mumbai pits it against Reliance Industries‘ Jio World Plaza, a mall which houses boutiques of more than a dozen luxe brands like Gucci and Dior, taking competition between the two corporate biggies notches higher.Galeries Lafayette operates in India in partnership with the…
MUMBAI: Credit card usage rose in October 2025, when festival demand lifted the number of transactions even as the average ticket size fell dragging down value of transactions. Volumes increased 4.6% from Sept to 51.8 crore, but the total value of card spending declined 1.1% to around Rs. 2.1 lakh crore because shoppers made more…
The US stock market moved higher on Monday as tech giants powered early gains and investors bet on another Federal Reserve rate cut in December, even as volatility continued to test sentiment.Alphabet was the day’s standout performer, soaring 5.2 per cent after fresh praise for its newest Gemini AI model. Its rally helped lift the…
The Trump-associated memecoin has seen a huge 25% decline since August. (AI image) The recent crash in the cryptocurrency market has cost US President Donald Trump and his family several millions of dollars. During Donald Trump’s second presidential term, digital assets have significantly altered his family’s wealth and portfolio. But the perils and instability associated…
Fiscal, monetary and regulatory measures are expected to pave the way for a “virtuous cycle” of higher private investment-led growth, even as global trade uncertainties and external sector headwinds persist, the Reserve Bank of India (RBI) said in its November Bulletin released on Monday.An article on State of the Economy in the Bulletin noted that…
The new codes aim to increase women’s employment opportunities, ensure worker safety, extend social security benefits to gig workers. (AI image) New labour codes 2025: The government has introduced what experts are calling a significant reform in labour laws by implementing four comprehensive labour codes from November 21, 2025. The new labour codes impact both…
Amazon on Monday announced a $50-billion investment to expand artificial intelligence and supercomputing capacity for the US government, positioning itself as a central player in developing customised AI technology for federal missions.In a statement, the company said the initiative will give US agencies access to advanced machine-learning services, AI chips and software-development tools supporting areas…
NEW DELHI: Govt is set to introduce major changes in the Model Concession Agreement (MCA) to de-risk private investments and safeguard lenders’ exposure in highway sector.The revised provisions, to be notified within a fortnight, include revenue support and extension of tolling periods in cases where actual traffic falls below projections, buyback of projects where traffic…
Indian investors saw their portfolios shrink in the July-September quarter. A market downturn impacted most major investors, leading to substantial mark-to-market losses. Nemish Shah emerged as a notable gainer, increasing his portfolio value significantly. Other investors like Vijay Kedia and Madhusudan Kela reported modest gains. The late Rakesh Jhunjhunwala’s family holdings also saw a decline….
