The acquisition requires approval from the Competition Commission of India and completion of a mandatory tender offer to ANIL’s public shareholders. (AI image) JSW Paints Limited has signed agreements to acquire a 74.76 per cent ownership in Akzo Nobel India Limited (ANIL) from Akzo Nobel NV and its associated companies. The acquisition, valued at up…
Market experts suggest the Nifty index will likely approach its previous all-time highs. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Friday on the back of favourable global cues. While Nifty50 was near 25,600, BSE Sensex was up over 100 points. At 9:17 AM, Nifty50…
Top stocks to buy today (AI image) Stock market recommendations: According to Bajaj Broking Research, Tata Steel, and Lloyds Engineering Works are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for June 27, 2025:Index View: NiftyIn recent weeks, the Nifty index has showcased remarkable resilience,…
US President Donald Trump and Prime Minister Narendra Modi (File Image) NEW DELHI: Trade talks between India and the US appear to be back on track, as President Donald Trump hinted that a “very big” agreement with India will be forthcoming soon. In a presser at the White House, Trump said, “Everybody wants to make…
A battered dollar is taking another beating as investors, unnerved by fresh signs of an erosion in US central bank independence, waste no time in pushing the greenback back to its lowest levels in over three years.US President Donald Trump on Wednesday called Federal Reserve Chair Jerome Powell “terrible” in his latest attack on the…
MUMBAI: Startups gearing up to go public are setting their financials in order – cutting losses and chasing profitability. IPO-bound Urban Company reported its first full year of profitability in FY25, the firm said in its annual report last week. Although much of the profits – Rs 240 crore on a consolidated basis – came…
MUMBAI: Three initial public offers (IPOs) that closed on Thursday, together eyeing to garner Rs 2,562 crore, received bids aggregating nearly Rs 22,500 crore. Globe Civil Projects with an IPO size of Rs 119 crore was subscribed 86 times, Ellenbarrie Industrial Gases’ Rs 853-crore offer was subscribed 22 times while Mumbai-based real estate major Kalpataru’s…
US stocks opened in green on Thursday, drifting toward the brink of another record. The S&P 500 reached 6,115.94, edging up 23.78 points or 0.39%, reaching closer to its record high last set in February. The Dow Jones Industrial Average also climbed 167.74 points or 0.39%, trading at 43,150.17. Nasdaq Composite, too followed the suit,…
Zohran Mamdani (AP photo) The possible victory of Zohran Mamdani, the 33-year-old democratic socialist, in the upcoming New York mayoral polls has people on Wall Street worried. In Manhattan’s financial district, pessimistic predictions are circulating. According to Wall Street recruitment specialist Michael Nelson, his clientele, typically earning above $1 million annually, express serious concerns.“This will…
The Securities and Exchange Board of India (Sebi) on Thursday tightened compliance norms for mutual fund schemes, regulating that rebalancing timelines will now apply across types of passive breaches in actively managed funds and not just those related to asset allocation.Until now, SEBI’s mandate for portfolio rebalancing within 30 business days applied only to passive…
