MUMBAI: General Atlantic and Accel backed new-age insurer Acko has kicked off IPO process, roping in Morgan Stanley, ICICI Securities and Kotak Securities as bankers for the issue expected to hit Dalal street in early 2027, said people in the know. The company, which is planning to make a confidential filing sometime in the second…
The record-setting rally in US equities lost some momentum on Monday as fresh uncertainty surrounding the conflict involving Iran weighed on investor sentiment over the weekend. At the same time, oil prices moved sharply higher. The S&P 500 managed a modest gain of 0.1 per cent, closing at yet another all-time high. The advance was…
Goldman Sachs maintained its buy rating on Reliance Industries with the target price at Rs 1,910. Analysts said the company reported Jan-March (Q4FY26) earnings before interest, taxes, depreciation and amortisation (EBITDA) miss due to weak oil-to-consumer (O2C) margin capture, while high crude premiums and logistics costs offset strong product cracks. Analysts expected sequential margin recovery…
Top stocks to buy (AI image) Stock market recommendations: Lupin, Jio Financial Services, Adani Ports and Special Economic Zone are the top stocks that Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan recommends for buying on April 28, 2026.Lupin: Buy in the range between Rs 2324 & Rs 2325; Stop Loss: Rs 2204; Target:…
New Delhi: After years of discussion, India’s official statistical machinery is set to compile an index of service production (ISP), which will complement the existing index of industrial production (IIP) and help improve the assessment of short-term performance of the economy.Besides, the index will be useful for augmenting the list of indicators used for compilation…
Mumbai: Amazon is betting big on its quick commerce business, with plans afoot to take the instant delivery service to 100 cities from three locations now as it plays catch-up with rivals Blinkit, Swiggy Instamart and Zepto, which together hold the bulk of the market share.The development comes a few days after the firm made…
Mumbai: The initial public offer for NSE, the largest stock exchange in India by trading turnover and revenue, got a boost on Monday as the required number of the bourse’s shareholders agreed to part with their holdings for the offer for sale (OFS) to move forward.Monday was the last day for NSE’s existing shareholders to…
Mumbai, Apr 27 (ANI): Chairman of Sun Pharma Management Dilip Shanghvi speaks during a press conference at Worli, in Mumbai on Monday. (ANI Photo) New Delhi: In its boldest move yet, Sun Pharma, India’s largest pharma company, has struck the biggest-ever overseas pharma deal, acquiring US-listed Organon & Co for $11.8 billion (Rs 98,000 crore)…
India-New Zealand FTA: The India-New Zealand trade deal or Free Trade Agreement signed on Monday has been called a ‘once-in-a-generation’ trade pact. For one, it gives Indian exporters duty-free or zero duty access to all exports. The implementation of the trade deal is now contingent on New Zealand Parliament’s approval, and in the case of…
The last meeting between US President Donald Trump and Chinese President Xi Jinping ended on a positive note. Trump had rated the summit a “12 out of 10”, and White House said China would “effectively eliminate” rare earth export controls and stop retaliatory actions against American firms.However, recent developments suggest that Beijing has altered its…
