{ }
001122334455554433221100
001122334455554433221100

Yatra CFO Rohan Mittal resigns to pursue new opportunities

Yatra's Chief Financial Officer, Rohan Mittal, has resigned to pursue new opportunities, as announced during a board meeting on March 12. He submitted his resignation on March 10, with his final working day to be determined through mutual discussions for a smooth transition. Mittal joined Yatra in 2022, previously serving as CFO at Rivigo and AllcargoGATI, and holds an MBA from IIM Lucknow.

amazon explores standalone payments app in india to challenge competitors

In June, the inaugural Asia Economic Summit will facilitate crucial dialogues on regional policies and the economic future. Meanwhile, Amazon is considering launching a standalone payments app in India to compete with Google Pay and PhonePe, leveraging its existing user base. In Qatar, Yuno's entry into the fintech market aligns with the country's ambitions to become a global fintech leader, supported by government initiatives and a growing demand for financial services among expatriates.

ubs maintains buy rating for prudential with target of gbp12.70

UBS has reaffirmed its Buy rating and GBP12.70 price target for Prudential Plc, following the company's potential public listing of its Indian asset management business, IPAMC. With a market cap of $23.7 billion and a current share price of $18.17, analysts see significant upside potential, estimating price targets between $24.52 and $33.51. The listing could unlock value and lead to a 10% increase in earnings per share, while ICICI Bank's commitment to maintaining its majority stake signals confidence in the venture.

ubs maintains buy rating for prudential amid potential ipo of indian asset management

UBS has reiterated its Buy rating for Prudential Plc, setting a target price of GBP 12.70, following the company's potential IPO of its Indian asset management business, IPAMC. With a market cap of $23.7 billion and a current trading price of $18.17, analysts see significant upside potential, as Indian asset managers typically command high valuation multiples. The IPO could enhance shareholder value, potentially boosting Prudential's earnings per share by around 10%.

hsbc set to report strong q4 earnings amid rising expenses and market volatility

HSBC is set to report its fourth-quarter and full-year 2024 results on February 19, with expectations of increased revenues and earnings year-over-year, driven by strong investment banking and trading revenues. However, higher operating expenses due to market share growth and organizational restructuring may impact overall performance. The consensus estimate for earnings is $1.41 per share, reflecting a 147.4% increase from the previous year, while sales are projected at $15.38 billion, indicating an 18.2% growth.

bnpparibas predicts market recovery with strong upside in select stocks

The BSE Sensex has dropped over 10,000 points, or nearly 12%, from its all-time high, reflecting challenging global and local market conditions. BNP Paribas Securities forecasts a potential 10% upside for the NSE Nifty 50 index by 2025, favoring sectors like private banks, IT, and telecoms, while expressing caution towards pharma and metals. Among its top stock picks, SBI Life Insurance stands out with a projected upside of over 70%.

shifts in investment focus as consumption stocks gain traction in india

CLSA has revised its 2025 India stock portfolio, adding Tata Motors, NTPC, Nestle, and Britannia while removing HDFC Bank. This shift reflects a response to a challenging global macro environment and a slowdown in India's economic growth, with a focus on consumer staples amid high valuations and declining capital expenditure. Analysts anticipate muted returns for the Nifty in 2025, driven by conflicting macroeconomic factors and a potential shift towards affordable consumption due to increased government spending and promising rural income growth.

stock market updates holiday schedule and key trends for investors

Wall Street will have a half-day session on December 24, closing early at 1 p.m. (EST) ahead of Christmas, when the NYSE and Nasdaq will be closed. Motilal Oswal recommends an overweight strategy on banks and IT, with Zomato and ICICI Bank as top picks, while the market cap of the top 10 companies has shrunk by ₹4.95 lakh crore, heavily impacting TCS and Reliance. Zomato's stock has surged over 43% in six months, outperforming the Sensex, and is expected to remain in focus as market triggers like F&O expiry and global cues influence trends this week.

Indian stock market suffers largest drop in two years as indices plunge

The Indian stock market experienced a significant downturn, with the Sensex closing at 78,041.59, down 1.49%, and the Nifty at 23,587.50, down 1.52%. All sectoral indices fell, particularly the realty index, which dropped by 4%, contributing to a market capitalization loss exceeding ₹19 lakh crore. This marked the largest decline in two years, with both Nifty and Sensex falling over 4%.

Sensex plunges nearly 1000 points amid trade deficit and Fed meeting concerns

The S&P BSE Sensex plummeted nearly 1,000 points, hitting an intra-day low of 80,941.61, amid investor caution ahead of the US Federal Reserve's upcoming meeting. Key factors included a widening trade deficit of $37.8 billion and poor performance from heavyweight stocks like Reliance Industries and HDFC Bank. Despite the overall decline, midcap and smallcap stocks showed slightly better resilience, with only minor losses.
Trending
Subcategory
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.