India’s largest institutional investor, Life Insurance Corporation of India (LIC), has seen the value of its investment in ITC erode by Rs 10,445 crore over just two sessions, after the FMCG major’s shares plunged sharply following a steep hike in cigarette duties, ET reported.LIC held a 15.86 per cent stake in ITC, equivalent to about…
ITC shares slid to a three-year low of Rs 345.35 on Friday, extending a sharp two-day selloff that has erased about 14% of the stock’s value after the finance ministry announced a steep increase in cigarette taxes, triggering widespread analyst downgrades and renewed concerns over volumes and profitability.The Nifty heavyweight fell another 5% on Friday,…
New supply of office space declined sharply in key property markets such as Delhi-NCR and Mumbai last year, even as demand for prime workspaces remained strong across India’s major cities, according to real estate consultant Colliers, PTI reported.Delhi-NCR saw a 15 per cent fall in new office supply in 2025, while Mumbai recorded a steeper…
The rupee slipped again below the psychologically important 90 level and settled 22 paise lower at 90.20 (provisional) against the US dollar on Friday, weighed down by disappointing domestic macroeconomic data and a stronger greenback in overseas markets, PTI reported.At the interbank foreign exchange, the rupee opened at 89.95 and moved between an intra-day low…
The government’s surprise hike in cigarette excise duties has rattled the investment case for ITC, prompting a wave of brokerage downgrades, earnings cuts and valuation resets as analysts brace for pressure on volumes, margins and long-term profitability.ITC shares tumbled to a three-year low of Rs 345.35 on Friday, extending a two-day rout that has wiped…
London’s benchmark FTSE 100 index crossed the 10,000-point mark for the first time on Friday, scaling a fresh all-time high on the opening trading day of 2026, extending the strong momentum built over the past year.In early deals, the UK’s top-tier index — home to heavyweights such as BP, Vodafone and HSBC — rose 1.0…
NEW DELHI: Bajaj Auto Ltd on Friday reported a 14 per cent rise in total sales at 3,69,809 units in December 2025 as compared to 3,23,125 units in the same month of 2024.Total domestic sales were at 1,69,373 units last month as against 1,62,420 units in the year-ago period, up 4 per cent, Bajaj Auto…
MUMBAI: Soon, banks will be able to independently sponsor funds for managing National Pension System (NPS) assets, as PFRDA on Thursday approved in principle a framework that seeks to remove regulatory constraints that had thus far limited banks’ participation in the pension fund management business. “PFRDA board has approved, in principle, a framework to permit…
(Representative AI image) Asian markets kicked off the new year on a positive note on Friday, tracking gains in US futures and higher oil prices, with technology stocks leading the rally in Hong Kong.Hong Kong’s Hang Seng index surged 2.2% to 26,189.79. Markets in Tokyo, Shanghai, Thailand and New Zealand remained closed for holidays.South Korea’s…
Gold’s intraday technical structure points toward stabilization after correction, supported by EMA alignment. (AI image) Gold price prediction today: Gold prices are likely to stabilize after a period of correction and investors can look to buy on dips, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.Gold futures on MCX are trading…