Analysts at Kotak Institutional Equities shared a 'buy' call on State Bank of India (SBI) and raised the target price to Rs 850 from Rs 760, implying an upside of 14 percent from the last close. This optimistic outlook stems from their belief that SBI has weathered most concerns with minimal impact on earnings. The stock of India's biggest lender has surged over 15 percent so far this year, as...

Motilal Oswal Financial Services initiated coverage on JSW Infrastructure Ltd with a 'buy' rating and a target price of Rs 300, which is over 21 percent higher than the stock's current market price of Rs 247. Motilal Oswal believes that JSW Infrastructure's focus on strategic acquisitions, an increasing share of third-party customers, and long-term contracts with JSW Group companies could boost.

Notwithstanding the UPI’s success story that has earned commendation in India and overseas with volume of transactions surging at a frantic pace, the unanticipated crackdown on Paytm Payments Bank has caught everyone by surprise.    For the uninitiated, RBI barred Paytm Payments Bank from accepting any customer deposits after Feb 29 citing non-compliance.

In a recent board meeting held on Wednesday, Tips Industries has given the green light for a buyback of its equity shares. The company plans to repurchase up to 5.95 lakh equity shares, amounting to a total worth of Rs 37.2 crore. The buyback price is set at Rs 625 per share, representing a substantial 21.3% premium over Tuesday's closing price.

Girdharilal Bawri, Banwarilal Bawri and Rajendra Agarwal, promoters of pharmaceutical manufacturing company Macleods Pharmaceuticals, have acquired a land parcel spread over one-sixth of an acre and the bungalow built on the same in plush Juhu locality of Mumbai for Rs 101 crore.This is the third property purchased by the brothers, counted amongst the country's richest family.

Bitcoin headed for its biggest monthly gain in more than three years on Thursday and is within range of a record high as cash rushing to listed bitcoin funds propels a strong rally. The largest cryptocurrency by market capitalisation was firm in Asia morning trade at $62,000, having changed hands at as high as $63,933 overnight. Its monthly gain is more than 45%, the largest since December 2020.

Indian stock market: The domestic equity indices are expected to open on a cautious note amid weakness in global peers as investors watch out for key economic data releases. Asian markets traded lower while the US stock indices closed in the red overnight ahead of the key US inflation data. The US fourth quarter GDP growth was revised slightly lower, while India’s GDP data for the third quarter.

📈 Amid mixed global cues, benchmark indices started on a flat note today. 📊 At 9:16 AM, the Sensex lost 77.75 points or 0.11% at 72,227.13 and the Nifty was down 38.55 points or 0.18% at 21,912.60. 📢Coal India(⬆️1.34%), and Nifty Energy (⬆️0.49%) appeared as the top performers on the Nifty50 at open. RIL, Shriram Finance, Coal India in focus today!

On February 26, four funds of Nippon India Mutual Fund – Nippon India US Equity Opportunities, Nippon India Japan Equity, Nippon India Taiwan Equity, and Nippon India ETF Hang Seng BeES – stopped taking investments. Nippon India MF clarified that existing registered Systematic Investment Plans (SIPs) and Systematic Transfer Plans (STPs) will continue.

India’s top airlines, Air India Ltd. and IndiGo, said their short-term expansion plans remain on track as they sidestep the lingering supply-chain snarls that have rattled the global aviation industry. Both carriers have bet big on a travel boom in India, laying out ambitious fleet expansion plans over the past year. In June, IndiGo placed a record-breaking order with Airbus SE.

GPT Healthcare IPO listing date: After the announcement of share allotment, the GPT Healthcare IPO listing date has been fixed on 29th February 2024. As per the information available on the BSE website, GPT Healthcare shares will be listed on BSE and NSE in a special pre-opening session on 29th February 2024 i.e. today. Meanwhile, ahead of the GPT Healthcare IPO listing.

Salesforce expanded its stock buyback program by $10 billion and announced a new dividend, but its annual revenue forecast that was below estimates pushed its shares down around 2% in after hours trading. The company's downbeat forecast signals a likely slowdown in cloud and tech spending as clients grapple with high interest rates and rising inflation, compelling them to keep a lid on costs.

U.S. stocks closed slightly lower on Wednesday, a day ahead of a key inflation reading that could heavily influence expectations for the timing of an interest rate cut from the Federal Reserve. The personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, is expected to show prices ticked 0.3% higher on a monthly basis in January.

India's economic growth probably slipped below 7% for the first time in the current fiscal year in the October-December period, hit by a tepid manufacturing sector and weakness in consumption. The South Asian nation is expected to grow at 6.6% in the three months that ended on Dec. 31, a Reuters poll showed, slowing from growth of 7.6% in the previous quarter and 7.8% in the July quarter.

Buy or sell stocks in Indian stock market today: Following weak global cues, the Indian stock market ended lower on Wednesday as the majority of the indices witnessed sharp selling pressure. The Nifty 50 index lost 247 points and closed at 21,951 level, the BSE Sensex shed 790 points and closed at 72,304 mark whereas the Bank Nifty index corrected 624 points and ended at 45,963 level.