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TCS stock can rally up to 20% to ₹2,500 levels: Tech analyst
Technical analyst at Mirae Asset Sharekhan believes that the short-term trend for TCS seems 'Neutral', but 'Bullish' from the medium-term perspective; hence expects an upside towad ₹2,500 levels.
Fit for exit: Tata Digital to pare Cult.fit stake, marking first share sale in new-age company
Tata Digital previously forfeited shares and refrained from further investment in Cult.fit, leading to speculation about its confidence in the company.
Tata Group targets doubling automotive revenue to $100 billion in five years
Tata Motors targets doubling automotive revenue to $100 billion within five years. Jaguar Land Rover will contribute significantly to this ambitious revenue goal. The commercial vehicle segment is also projected for substantial growth and increased revenue. Tata Motors plans significant investments and new models for its domestic operations. The company aims for increased market share and profitability across its automotive businesses.
Wipro share buyback opens Thursday; stock hits 6-yr low, down 14% in 1 week
Wipro's near-term revenue trajectory remains challenged with Q1FY27 guidance of -2 per cent to 0 per cent CC QoQ, amid multiple headwinds, say analysts at Mirae Asset Sharekhan.
Stocks in news: Bharti Airtel, Vodafone Idea, NLC India, Motilal Oswal, HCL Tech
Indian markets saw a sharp decline on Monday amid global worries and geopolitical tensions. Nifty moved closer to a key support level. Several companies were in focus. NLC India announced an Offer for Sale. Motilal Oswal saw promoter share sales. HCL Tech launched an AI zone with Google Cloud. IRCTC resumed cooking on trains. IGL has a new MD.
Dipan Mehta picks Coforge, Persistent and Happiest Minds for the AI era
Dipan Mehta, Director at Elixir Equities, said new-age IT firms such as Happiest Minds, Persistent Systems and Coforge are well placed to benefit from the AI-led disruption in technology services. He also favoured diversified NBFCs over banks and highlighted opportunities in mining companies like NMDC and Hindustan Copper. However, he cautioned that elevated crude oil prices and the ongoing Iran conflict could weigh on India's economic growth and market sentiment. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Here's how the US markets, other asset classes are reacting to the fallout in US-Iran negotiations
Incidentally, despite the developments on Monday, all three indices made new record highs. The S&P 500 crossed the mark of 7,600 for the first time, while the Nasdaq also ended higher led by continued buying in tech and AI-linked stocks. The Dow Jones also recovered from the lows of the day to end around the flat line.
Banks seek RBI relief on InvIT lending rules, warn 3-yr track record rule may slow infra monetisation & fresh funding
Banks have asked the Reserve Bank of India to relax new lending rules for Infrastructure Investment Trusts. The proposed three-year operational track record requirement could delay infrastructure monetisation and new project funding. Lenders prefer asset quality over trust age for financing eligibility. This change aims to ensure smoother fund recycling and attract global investors for new infrastructure projects.
INR collapses to new historic lows driven by global conflicts and energy spikes
The Indian rupee slipped to a record low of 96.60 against the US dollar before settling at 96.52 (provisional) on Tuesday, weighed down by soaring crude oil prices, persistent foreign capital outflows, and a resilient dollar buoyed by global risk-aversion. The rupee is Asia's worst-performing currency in 2026, having tumbled to a historic intraday low of 96.60 against the US dollar. The currency has depreciated 1.5 per cent this month and more than 7 per cent so far this year. Rupee remains vulnerable to rising crude oil prices and the closure of the Strait of Hormuz. Meanwhile, the Indian equity benchmarks surrendered their early morning gains in a highly volatile trading session to settle marginally lower due to late profit-booking. The BSE Sensex declined 114.19 points (0.15%) to close at 75,200.85, while the NSE Nifty 50 slipped 31.95 points (0.14%) to finish at 23,618.00.
Max Estates targets Rs 1,200 crore revenue from the next phase of Gurugram project
Max Estates aims for Rs 1,200 crore revenue from its new project, The Terraces, in Gurugram. This development is part of Estate 361, a large project designed for all age groups. The Terraces offers residences starting at Rs 2.4 crore. The project emphasizes sustainability and includes amenities for hybrid workers.
Customers have started committing to new product cycles: Tata Technologies MD & CEO
Tata Technologies is ramping up investments in the automotive and industrial arenas, fueled by innovative product cycles that are encouraging customer loyalty. The firm has clinched a major contract for vehicle development and anticipates an impressive double-digit revenue growth this fiscal year.
SEBI proposes amendments to securitised debt norms to align with RBI framework
SEBI issues consultation paper to align securitisation rules with RBI 2021 norms, proposes single asset deals, new disclosures, SPDE governance changes, comments open till May 25 2026