Market News
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SK Hynix moves closer to US ADR, chip maker files financial statement in Korea, report says
SK Hynix is expected to submit a statement to the country’s financial regulator regarding a plan to offer American Depositary Receipts (ADR) as early as next month, to tap US investors and narrow valuation gaps with AI chip peers.
JM Financial retains Buy on Tata Motors, sees 14% upside; stock up 4%
While management has guided for high single-digit industry growth in FY27, JM Financial continues to factor in volume growth of 5.5 per cent and 7.9 per cent for FY27E and FY28E, respectively
Oil, AI and chips: The new resource race redrawing markets and nations
The leap to a $5 trillion valuation for Nvidia underscores a dramatic paradigm shift: semiconductors have become the driving force of global economic prowess, akin to oil in previous centuries. With nations such as Taiwan and South Korea emerging through powerhouses like TSMC and Samsung, the future prosperity relies heavily on mastering the semiconductor supply chain as AI technology evolves, reshaping national strength and financial stability.
KPR, Indo Count, Gokaldas rally up to 9%; what's driving textile stocks?
Brokerage firm Motilal Oswal Financial Services initiated coverage on 8 companies across apparel and home textiles, with Gokaldas Exports, Arvind, and Indo Count Industries as high-conviction picks.
Vedanta Aluminium shares rise nearly 2% as CLSA initiates Outperform call, sees 18% upside potential. Here's why
Vedanta Aluminium Metal shares surged nearly 2% after CLSA initiated coverage with an 'Outperform' rating and a Rs 540 target price, citing a strong aluminium cycle and operational strengths. The brokerage anticipates backward integration will significantly improve the company's cost position. Robust demand from electrification and constrained supply are expected to support higher aluminium prices for an extended period, bolstering Vedanta Aluminium's financial outlook and potential for deleveraging and dividends.
Jio Financial Services Share Price Live Updates: Jio Financial Services dips below its 20-day Simple Moving Average
Nifty, Bank Nifty outlook & stock recommendations by Motilal Oswal
Chandan Taparia of Motilal Oswal Financial Services expects Nifty and Bank Nifty to trade with a weak bias as long as they remain below 23,850 and 57,250, respectively.
MSCI Maintains Korea's Emerging Market Status in Latest Review
The South Korean government expects the inclusion in the MSCI developed-market index to follow naturally if Seoul continues to pursue reforms, the finance ministry and Financial Services Commission said in a joint statement.
Sebi weighs allowing celebrity endorsements for market entities
SEBI is proposing a significant overhaul of advertising rules for financial entities, aiming for a unified framework. The changes would allow celebrity endorsements at the brand level, while most advertisements will shift to a post-issuance reporting system, enhancing efficiency and relevance. This move acknowledges the widespread use of celebrity endorsements for brand building, but safeguards against undue investor influence on specific products.
Yes Bank to consider fundraise plans on June 29
Yes Bank's board is set to convene on June 29 to deliberate on significant fundraising initiatives. The bank plans to explore options for raising capital through equity and debt issuances, including private placements and preferential allotments. Shareholders may be asked to approve these measures, as the bank assesses its future capital needs. This strategic move aims to bolster the bank's financial standing.
Sebi proposes ad rules for MF, stock brokers: Celebrities may endorse brands, not products | What's allowed, what's not
Sebi proposed new advertising rules allowing financial entities to use celebrities for brand promotion, not specific products. The Common Advertisement Code aims for consistent regulations, eliminating prior approval and enabling post-issuance monitoring.
ED searches Rajesh Exports amid Sebi probe into alleged revenue inflation
The Enforcement Directorate has conducted searches at premises linked to Rajesh Exports days after Sebi accused the company of overstating revenues by more than ₹15 lakh crore through its overseas subsidiaries. The company has denied any wrongdoing and said its financial reporting is accurate.