Business

Brokerage turns overweight, citing strong growth momentum, defensive appeal and inflation-led tailwinds

According to data released by the Federation of Automobile Dealers Associations, two-wheelers have regained pre-Covid peak and rural markets have outperformed cities.

While geopolitics remains a long-term positive for defence spending, Nirmal Bang noted that the near-term impact is mixed, with execution risks and cost pressures weighing on earnings visibility.

The brokerage noted that APL Apollo's valuation has undergone a material re-rating over the past decade, in line with strong operational performance and balance sheet improvement.

The Indian IT major is set to buy 100% of Mindsprint to drive an AI-powered digital transformation for the global food and agri-business giant over eight years.

Key producers led by Saudi Arabia and Russia agreed to increase targets for May by about 206,000 barrels a day.

On an average, some 2,800 to 3,200 persons are registering at the bourse daily, indicating growing trade activity, the Deputy CM said.

Axis Bank's current account and savings account, or CASA deposits rose 7.3% sequentially to Rs 5.3 lakh crore.

The UK's Insolvency Service discovered that he ignored that ban to continue to control pharmaceutical companies Diamond Pharma Limited and BHJ Consulting Ltd.

Novo Nordisk has tied-up with local drugmakers that have extensive distribution networks to offset some of the effects of semaglutide patent expiries.

Strap: Anarock reports that geopolitical uncertainty led to a 7% dip in quarterly sales volumes, as Middle East investors and domestic buyers hit the pause button.

State-run oil marketing companies are slashing refinery payments by up to Rs 60 per litre. This historic move aims to curb massive retail under-recoveries.

The RBI's Monetary Policy Committee will meet between April 6 and 8, when policymakers are expected to assess the economic impact of the Iran war.

Oil India has been producing heavy crude from the Baghewala field since 2017.

The move, the company had said, will help utilise surplus coal resources more effectively and promote transparency.

Hindustan Copper is a 'Mini-Ratna' Central Public Sector Enterprise company under the administrative control of the Mines Ministry.

Yes Bank's Q4 deposits jumped 12.1%, outpacing a 10.7% rise in advances. This healthy growth helped ease the bank's credit-to-deposit ratio.

IndusInd Bank reports a mixed Q4 with slipping loan growth and recovering deposits.

The brokerage maintains an equal-weight call as the widening gap between strong factory output and weak retail sales threatens margins.

The escalating tensions in the Middle East between the US, Israel, and Iran showed no sign of slowdown this week, as the conflict enters its second month.