Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) stocks have garnered bullish ratings from global brokerage Morgan Stanley, which has assigned an ‘overweight’ outlook for both companies citing robust growth prospects. The brokerage expects the loan portfolios of both state-owned non-banking financial corporations to witness a compounded annual growth rate (CAGR) of 12% over…
OpenAI CEO Sam Altman has sparked headlines with his sharp comments on Tesla and SpaceX chief Elon Musk, suggesting that Musk’s fallout with former US President Donald Trump is unsurprising given his history of fractious relationships. Altman’s remarks come amid rising tensions between the two tech titans as their companies compete for AI dominance while…
In a significant leadership development in the global tech and social media ecosystem, Linda Yaccarino has announced her resignation as Chief Executive Officer of X, the platform formerly known as Twitter, after completing a two-year tenure. Her departure marks the end of an era in which the platform underwent radical structural, branding, and operational transformations…
In a historic milestone for the global technology sector, semiconductor giant Nvidia has surpassed the $4 trillion market capitalisation mark, becoming the world’s most valuable publicly traded company. This remarkable ascent places it ahead of tech titans Apple and Microsoft, reinforcing Nvidia’s position as the dominant player driving the artificial intelligence (AI) revolution. The journey…
Prestige Estates Projects Ltd witnessed a notable rise of 2% in its stock price on Tuesday after the real estate major reported record-breaking financial results for the first quarter of FY25. Market analysts and brokerages remain optimistic on the company’s trajectory, projecting continued robust growth due to strong sales bookings, new launches, and a healthy…
A prominent midcap engineering and manufacturing company has attracted significant investor attention after securing a major order worth Rs 54 crore from Bharat Petroleum Corporation Limited (BPCL). The announcement, made on Monday, led to a surge in its stock price during early trade, underlining strong market confidence in its execution capabilities and order book momentum….
Whiteland Corporation, a rapidly emerging real estate developer, has announced the onboarding of India’s leading construction giants for its flagship luxury project in Gurugram. This strategic move is aimed at accelerating execution timelines, ensuring global quality standards, and reinforcing Whiteland’s positioning as a developer focused on timely delivery with premium design sensibilities. Project Overview The…
Dabur India, one of the country’s leading FMCG players, has expressed optimism about its growth prospects for FY26, citing expectations of a normal monsoon, improved rural consumption, and stabilising macroeconomic factors as key enablers for a robust recovery across its diverse product categories. Management’s Positive Outlook In its post-Q1FY25 investor interactions, Dabur’s management highlighted that…
Varun Beverages, India’s leading PepsiCo bottler, has witnessed a downward revision in its price target by several brokerages amid rising concerns over a demand slowdown in the beverages segment. The FMCG major, which has been on a consistent growth trajectory, is facing near-term headwinds due to a weaker-than-expected start to the summer season and softer…
Ashok Leyland shares gained nearly 2% in morning trade on Tuesday after the commercial vehicle major announced the record date for its proposed 1:1 bonus issue. This move comes as part of the company’s ongoing capital restructuring and rewarding of shareholders amid improved market share, higher profitability, and robust order flows in FY25. Ashok Leyland…
