European shares inched lower on Monday as investors awaited further details on the U.S.-China trade negotiations, while also looking ahead to some key corporate earnings and the U.S. Federal Reserve’s policy meeting later this week. The pan-European STOXX 600 index was down 0.1%, as of 0709 GMT. Other regional indexes were trading in positive territory,…
Auto major Mahindra & Mahindra (M&M) is set to announce its Q4FY25 earnings on Monday, April 5, 2025. The company is expected to report net profit growth of 16–21%, driven by strong volumes. According to estimates from four brokerages, the bottom line could range between Rs 2,312 crore and Rs 2,411 crore. Revenue from operations…
Capital markets regulator Sebi has directed Mishtann Foods to bring back nearly Rs 100 crore, an amount the company allegedly misappropriated through dubious transactions with related parties. Sebi also restrained five entities, including Mishtann Foods and its promoter and CMD Hiteshkumar Gaurishankar Patel, from the securities markets till further orders for alleged financial mismanagement, fraudulent…
Nifty futures will start the December series at higher open interest (OI) base with futures rollovers standing at 79% as against 76% averaged over the last three series, Nuvama said in a note. It expects Nifty to trade in a broad range of 23,450 to 25,000 with heightened volatility at play. At Rs 30,800 crore…
Capital markets regulator Sebi has granted an exemption to Roshni Nadar, Chairperson of HCL Tech, from making an open offer for her proposed indirect acquisition of shares and voting rights in the company. This approval paves way for Roshni to take a larger ownership role in key entities that control HCL Technologies, a move aimed…
Raymond, a diversified group which will have three listed entities in its fold after demerger of lifestyle and real estate verticals, is looking for a stabilised growth of 15 per cent from sales along with 15-20 per cent of pre-tax earnings, Chairman & Managing Director Gautam Hari Singhania said. Singhania expects Raymond Lifestyle to be…
Stock markets will take cues from trading activity of foreign investors and global trends this week with benchmark equity indices likely to face volatility amid the scheduled monthly derivatives expiry, analysts said. Moreover, factors such as the progress of monsoon and Brent crude oil would also dictate investors’ sentiment during the week. “This week, sector-specific…
Jindal Stainless on Monday said it has acquired the remaining 46 per cent stake in Chromeni Steels Private Ltd (CSPL) for Rs 278 crore. Consequently, CSPL has become a wholly-owned subsidiary of the company, with effect from June 15, 2024, Jindal Stainless Ltd (JSL) said in a release. “Jindal Stainless acquires remaining 46 per cent…