Catch expects an operational deficit reaching $40million in the initial half of 2024-25. Australian e-commerce platform Catch is looking to shut down, resulting in approximately 200 job losses due to heightened rivalry from Amazon and Temu.Wesfarmers, which acquired the online retailer for $230million in 2019, issued a closure announcement on Tuesday.According to a Daily Mail…
Market experts anticipate trading within a broad range. Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Tuesday. While BSE Sensex was above 77,100, Nifty50 was near 23,400. At 9:16 AM, BSE Sensex was trading at 77,150.67, up 77 points or 0.10%. Nifty50 was at 23,394.90, up 50 points…
Top stock picks today (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, JSW Steel and Divi’s Laboratories are the top stock picks for today:JSW Steel – Buy in the range between Rs 920 and Rs 930, Stop loss at Rs 880; Target: Rs 1,000JSW…
Nomura maintained its ‘buy’ rating on Kotak Mahindra Bank but cut the target price from Rs 2,170 to Rs 2,110 (+10%) after the lender announced its Oct-Dec quarterly numbers. Analysts feel the bank has given a healthy performance in a tough macro environment, with a stable asset quality. The price was cut since analysts see…
NEW DELHI: As many as 18 companies, including Voltas, MIRC Electronics, Lumax and UNO Minda, with a committed investment of Rs 2,299 crore, have been selected to avail benefits under the production-linked incentive scheme for white goods sector, an official said on Monday.In Oct 2024, 38 companies had filed applications with proposed investments of Rs…
MUMBAI: RBI has allowed asset reconstruction companies to settle dues with defaulters after examining other recovery options and based on the realisable value of the borrower’s assets. Settlement of accounts pertaining to a borrower having aggregate value of Rs 1 crore or below in terms of principal outstanding, can be done on the basis of…
MUMBAI: RBI deputy governor Rajeshwar Rao said that shift in household savings to mutual funds and capital markets can change the character of deposits for banks having implication on cost of funds and margins for banks.“Recent trends indicate a shift in household preference to financial assets for saving purposes leading to movement of these savings…
Donald Trump (File photo) Relief that Donald Trump will hold off from imposing China-specific tariffs on his first day in office propelled US equity futures higher on Monday. The dollar slumped. The new administration has pivoted toward starting his second term with potential engagement with Beijing rather than another trade war. Trump plans to issue…
MUMBAI: Moody’s Ratings has said it sees significant foreign direct investment flows into the insurance sector if govt goes ahead with a proposal to increase foreign direct investment to 100% from 74%. This is coupled with improving margins for Indian insurers, brought about by govt pressure on public sector insurers, the listing of insurance companies,…
MUMBAI: RBI sold $20 billion from its forex reserves to stabilise the rupee in Nov, data released by the central bank on Friday showed.Even as market participants try to gauge the level at which RBI would decide to hold back from depleting its reserves and look at other strategies, foreign brokerage Nomura sees headroom for…
