{
}
Brain health startup Ivory has successfully secured $1 million in funding from IIM-A Ventures, Capital-A, and other investors. This investment marks a significant step for the company as it aims to enhance its offerings in the brain health sector.
UBS has raised its price target for HDFC Bank to INR2,250, maintaining a Buy rating, following strong quarterly results that exceeded expectations. The bank reported a profit after tax of INR176.2 billion, driven by a 10% increase in net interest income and improved asset quality, despite slight pressure on net interest margins. Nomura also upgraded its rating to Buy, citing robust deposit growth and stable asset quality, while adjusting growth estimates for the upcoming fiscal years.
UBS has raised its target price for HDFC Bank to INR 2,250, maintaining a buy rating after the bank reported a profit after tax of INR 176.2 billion, slightly above estimates. The bank's strong performance was driven by a 10% increase in net interest income and improved asset quality, despite a slight decline in net interest margins. Nomura also upgraded HDFC Bank's rating to Buy, citing robust deposit growth and stable asset quality, reflecting confidence in the bank's resilience amid economic challenges.
UBS has raised its target price for HDFC Bank shares to INR 2,250, maintaining a Buy recommendation, following the bank's strong quarterly results that exceeded expectations. The bank reported a profit after tax of INR 176.2 billion, driven by a 10% increase in net interest income and improved asset quality, despite a slight decline in net interest margins. Nomura also upgraded its rating to Buy, citing robust deposit growth and stable asset quality, reflecting confidence in HDFC Bank's financial resilience amid economic challenges.
US Vice President JD Vance is on a four-day visit to India, meeting Prime Minister Narendra Modi to discuss trade and defense partnerships as the two countries finalize a trade deal. This follows a temporary pause on tariff hikes by President Trump, with India open to reducing tariffs on over half of its US imports. The two nations aim to address trade imbalances, with India enjoying a significant trade surplus of $45.7 billion in 2024.
Tata Elxsi's Q4 earnings fell short of expectations, prompting Morgan Stanley to downgrade its target price to Rs 4,660 per share and maintain an 'Underweight' rating. The brokerage highlighted a weak revenue run-rate, particularly in the transportation segment, which saw a nearly 10% sequential decline, attributed to trade and geopolitical uncertainties affecting major auto clients in the US and Europe.
India's private sector capital expenditure is expected to slow down due to tariffs, with corporations considering deferring their new investment plans. This trend raises concerns about the overall economic growth and investment climate in the country.
US tariffs pose significant challenges for the Indian IT sector, threatening its vital revenue streams. As these trade barriers loom, the industry faces uncertainty that could impact growth and profitability in a competitive global market.
BluSmart bond holders have the option to invoke immediate repayment provisions, signaling potential financial shifts for the company. This development may impact investor confidence and the overall market perception of BluSmart's financial stability.
Travis Kalanick, former CEO of Uber and co-founder of CloudKitchens, expressed skepticism about the profitability of cloud kitchens in India, citing high operational costs and reliance on food delivery platforms that erode margins. Despite the market's projected growth, many operators are pivoting to hybrid models to enhance sustainability, as nearly 50% of cloud kitchens in major cities are unprofitable. Successful players are leveraging scale and technology to navigate these challenges, indicating that while the landscape is tough, viable business models may still emerge.
IND
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
brain health startup ivory secures 1 million funding from investors
07:22 21.04.2025
ubs raises hdfc bank price target amid strong financial performance
07:08 21.04.2025
ubs raises hdfc bank target price amid strong quarterly performance
07:07 21.04.2025
ubs raises hdfc bank price target to 2250 rupees amid strong performance
Indian Rupee
United States Dollar
ICICI Bank Ltd
HDFC Bank Ltd
Nomura Holdings, Inc.
IND
Vishal Goyal
Show more
07:06 21.04.2025
us vice president vance visits india to discuss trade and defense partnerships
06:05 21.04.2025
Tata Elxsi reports disappointing Q4 results prompting Morgan Stanley downgrade
05:37 21.04.2025
India's private sector capex faces slowdown amid tariff concerns
04:22 21.04.2025
us tariffs threaten revenue growth for indian it sector
03:23 21.04.2025
BluSmart bond holders can demand immediate repayment options
02:47 21.04.2025
cloud kitchens face profitability challenges in india and indonesia according to ex-uber ceo
11:09 20.04.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
Market Analysis and Predictions
CEO Changes
Banking Regulations
Industry Mergers & Acquisitions
Energy Sector Developments
Global Trade Developments
Startups & Entrepreneurship
Government Policies
Financial Scams and Security
Domestic Politics
Supply Chain Management
Hedge Funds & Private Equity
Central Bank Actions
Workplace Trends
Countries:
Companies:
Tesla, Inc.
Barclays PLC
JPMorgan Chase & Co.
Apple Inc.
UBS Group AG
Capital One Financial Corporation
NVIDIA Corporation
Bank of America Corporation
The Goldman Sachs Group, Inc.
Morgan Stanley
Commerzbank AG
Amazon.com, Inc.
SpaceXCoin USD
Deutsche Bank RV Global PP
Credit Suisse Real Estate Fund Siat
Wells Fargo & Company
Berkshire Hathaway Inc.
Google Inc.
Citigroup Inc.
SAP SE
Currencies:
United States Dollar
Euro
Chinese Yuan
Indian Rupee
Swiss Franc
British Pound Sterling
Vietnamese Đồng
Hong Kong Dollar
Australian Dollar
Singapore Dollar
United Arab Emirates Dirham
South Korean Won
Thai Baht
Norwegian Krone
Danish Krone
Swedish Krona
Russian Ruble
Ghanaian Cedi
Canadian Dollar
Turkish Lira
People: