Jefferies has a buy on Shriram Finance with the target price at Rs 1,220. Analysts said interaction with the management suggests commercial vehicle (CV) demand (including the used ones) stays healthy. The company reiterated 18-20% assets under management (AUM) growth guidance for FY27-28. Cos of finance can fall 80 basis points (bps) and lift spreads … Read more
NEW DELHI: There was a time when some of India’s leading banking and financial services firms had women at the helm, making these sectors a visible symbol of gender diversity. Today, that centre of gravity has shifted.Consumer-facing industries and pharmaceuticals have emerged as the new strongholds for women CEOs, reflecting where long-standing leadership pipelines are … Read more
Oil prices have climbed above $100 a barrel for the first time in more than three and a half years as the escalating war involving Iran disrupts energy production and shipping routes across the Middle East. US President Donald Trump called it a “very small price to pay for world peace”.“Short term oil prices, which … Read more
NEW DELHI: India’s official statistical machinery is set to better its estimation of district domestic products (DDP), with the availability of more granular data in the new GDP series, statistics secretary Saurabh Garg told TOI.“We have given more focus on having more granular data in this series, so that state domestic products are captured much … Read more
After witnessing sharp swings last week, gold prices are expected to remain volatile in the coming days as investors track escalating tensions in the Middle East and key global economic data releases, analysts said on Sunday.Market participants are likely to track developments in the conflict involving Israel and Iran, as any escalation could support safe-haven … Read more
Prime Minister Narendra Modi on Sunday inaugurated two new metro corridors, making Delhi home to India’s first fully operational Ring Metro. Alongside these, the PM also other unveiled major infrastructure projects, marking a significant boost to the city’s public transport and housing networks. The total investment across these projects is around Rs 33,500 crore, including … Read more
As the Middle East conflict continues to escalate, India is rerouting its crude supply chains to secure uninterrupted fuel imports. Indian refiners are securing additional crude oil from the United States, Russia, and West Africa to maintain adequate supplies if the Middle East conflict stretches on for long, industry officials and analysts said. Refineries that … Read more
As tensions in the Middle East enter their second week, concerns are rising over whether India’s energy supplies are sufficient. According to a recent government report, the country has more than 250 million barrels of crude oil and petroleum products in reserve, enough to meet demand for nearly two months. The combined reserves, estimated at … Read more
Dalal Street ended last week in red with eight of India’s ten most valuable companies together losing Rs 2,81,581.53 crore in market value. State Bank of India emerged as the biggest laggard during the period. The broader market also saw heavy selling pressure. The BSE benchmark index dropped 2,368.29 points, or 2.91%, over the week. … Read more
Prime Minister Narendra Modi is set to inaugurate and lay the foundation stone for major infrastructure projects in Delhi on Sunday, with a total investment of around Rs 33,500 crore. The projects include two new corridors of the Delhi Metro Rail Corporation, worth over Rs 18,300 crore, aimed at strengthening public transport across the national … Read more