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Stocks in news: Marico, Adani Enterprises, Tata Motors PV, PB Fintech, PNB
Indian markets saw a second day of gains, with the Nifty reclaiming its 100-day moving average, signaling a bullish trend. Key companies like Marico, Tata Motors PV, and Adani Enterprises are in focus due to strong Q1 updates and fundraising plans. PNB and Bank of India reported significant credit growth, while HDFC Bank is enhancing its AI and fraud detection capabilities.
Deutsche Bank stock jumps 6% on Morgan Stanley comments, price target increase - Investing.com India
Deutsche Bank stock jumps 6% on Morgan Stanley comments, price target increaseInvesting.com India
DXY holds steady around 101 mark; investors brace for US jobs report
The dollar index is holding steady on Thursday with all focus on June jobs report for fresh insights into labor market conditions and greater clarity on the Federal Reserves policy outlook. Data released on Wednesday showed private-sector hiring in the US slowed more than expected last month. The dollar index that measures the greenback against a basket of currencies is quoting at 101.08, down marginally on the day. Meanwhile, Federal Reserve Chair Kevin Warsh firmly reiterated the central bank's absolute commitment to its 2% inflation target and maintained strict political independence during his speech at the European Central Bank (ECB) Forum although he declined to give any signal as to what the central bank may do at its meeting later this month.
Stocks to watch: Bharti Airtel, Indian Bank, BPCL among shares in focus today; check list here - livemint.com
Stocks to watch: Bharti Airtel, Indian Bank, BPCL among shares in focus today; check list herelivemint.com
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades higher; auto stocks in focus
Sensex Today | Stock Market LIVE Updates: The challenge for the bulls is to ensure that supply does not emerge at the 24,150 - 24,250 zone, which has been the case over the last few sessions. 23,800 on the downside remains most crucial for the Nifty. For the Nifty Bank, the 57,500 - 58,500 range is intact, and the index closing above 58,000 now brings the 58,500 level back in the spotlight.
HSBC signs 1.2 million sq ft GCC deal with Prestige Group in Bengaluru
HSBC has signed an LOI with Prestige Group for a 1.2 million sq ft, 20-year campus lease in Bengaluru worth over ₹3,000 crore, consolidating its India GCC operations under one roof. The bank will occupy Prestige Lakeshore Drive, with move-in expected next year.
TVS Motor, Dixon Tech In, Reliance, M&M Out: Which Stocks Made It Into Macquarie's New India Portfolio?
The biggest changes came in the brokerage's tactical portfolio, where it introduced Axis Bank, Hyundai Motor India and Dixon Technologies, while removing Shriram Finance, Reliance Industries and Coal India.
Kotak Mahindra Bank shares in focus on deal to buy Deutsche Bank’s retail business for Rs 282 crore
Kotak Mahindra Bank will acquire Deutsche Bank India's retail banking, private banking and wealth management business, adding a sizeable loan book, deposits, assets under management and customers. The deal is expected to strengthen Kotak's affluent banking franchise while supporting Deutsche Bank's strategy to focus on its core businesses.
Stock Picks Today: Kotak Mahindra Bank, Titan, Dr Reddy, Cummins, MCX, Tata Motors PV, WeWork And More On Brokerages' Radar
Brokerages' Radar
Stocks to watch: HDFC Bank, Kotak Mahindra Bank, Coal India among shares in focus today; check list here - Mint
Stocks to watch: HDFC Bank, Kotak Mahindra Bank, Coal India among shares in focus today; check list hereMint
Kotak to buy Deutsche's India retail, wealth business
Kotak Mahindra Bank is set to acquire Deutsche Bank's retail, private banking, and wealth management operations in India. This significant deal, involving approximately ₹29,000 crore in loans and ₹16,000 crore in deposits, will bring around 150,000 new customers and 1,000 employees to Kotak. The acquisition aims to bolster Kotak's focus on affluent and SME clients, while Deutsche Bank streamlines its global portfolio.
Kotak Mahindra Bank to acquire Deutsche Bank’s retail banking, private banking and wealth management business in India
Kotak Mahindra Bank is acquiring Deutsche Bank's retail, affluent private banking, and wealth management operations in India. This strategic move, involving approximately Rs 29,000 crore in loans and Rs 16,000 crore in deposits, aims to bolster Kotak's focus on affluent and SME segments. Deutsche Bank is divesting to simplify its business and concentrate on global ultra-high-net-worth clients.