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Morgan Stanley downgraded IndusInd Bank to underweight from equal-weight earlier and cut target price to Rs 700 from Rs 755 earlier. Analysts said a bear case is playing out in the stock.They expected sharp net interest income (NII) miss post recent disclosures but were negatively surprised by incorrectly classified MFI slippages. They also said that the high margin loan mix is moving lower and will weigh on return on assets recovery. They expect gradual earnings recovery on a weak starting point.Macquarie maintained its underperform rating on Swiggy with an unchanged price target of Rs 260. Analysts said they recalibrated and further trimmed their FY26/27/28 forecasts following softer than expected Jan-March quarterly numbers. For Instamart, they see downside to guidance of contribution margin break even in 3-5 quarters. In food delivery, they see slower growth.Elara Securities India has a buy rating on Power Finance Corp with the target price at Rs 508. Analysts said while PFC concluded FY25 on a steady note, Jan-March earnings stood mixed. Healthy loan growth and recoveries from KSK Mahanadi resolution bolstered net profit. Provisions stood elevated due to NPA recognition of Gensol Engineering and also provisions toward 13 discoms that saw ratings downgrade. Excluding one-off recoveries, NII would have been flat, resulting in a sequential decline in net profit.BNP Paribas India has an outperform rating on Fortis Healthcare with the target price at Rs 754. Analysts said the company’s Jan-March quarterly revenue was largely in line with estimates, while EBITDA margin beat estimates, led by the hospital segment as its revenue growth was aided by an improvement in occupancy levels. Diagnostics segment’s revenue was subdued due to the rebranding from SRL to Agilus. They remain optimistic about the hospital segment’s growth outlook, led by its brownfield bed expansion plans and improvement in operational metrics of existing hospitals.Prabhudas Lilladher has a buy rating on Interglobe Aviation (Indigo) with the target price at Rs 6,084. Analysts said yield and benign crude aided the airlines’ profits. They also hiked their FY26 and FY27 net profit estimates. They said Indigo reported better than expected performance with a strong forex-adjusted EBITDAR margin which was aided by Maha Kumbh and fall in fuel costs due to benign ATF prices. Notwithstanding near-term challenges amid the ongoing geo-political tensions, Available Seat Kilometers (ASKM) growth guidance of mid-teens for April-June is encouraging.They also expect the overall pricing environment to remain stable with yields of Rs 5.1 over next two years as the aviation market is now a duopoly with limited threat of predatory pricing. Plans to deepen international penetration, strategic focus on premiumization and subsiding aircraft on ground count will act as key growth and margin levers.
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Designing Thug Life: Amritha Ram on Styling Kamal Haasan
Costume design in Indian cinema often dances between fantasy and realism. But in Thug Life, Amritha Ram collaborates with cinematic icons Kamal Haasan and Mani Ratnam to craft a fashion-forward yet character-driven wardrobe that breaks norms. In an exclusive with ETimes, Amritha reveals how meticulous planning, storytelling, and visual language drove her designs. Tip 1: Collaboration Is the Key to Vision When asked what excited her most about working on Thug Life, Amritha simply said, “Two names: Kamal Haasan and Mani Ratnam.” The sheer reputation of these legends shaped her approach. Mani Ratnam was clear about the film’s visual tone—stripping away Bollywood glamor for something minimalistic yet powerful. “Mani sir guided me all the way. He knew exactly what he wanted,” she shared. Working with Kamal, who understands fabric, dyeing, and even costume history, was a learning curve. His feedback […]
If It Happened There: Donald Trump sends central troops to quell protests in opposition-ruled California | World News
[ad_1] Protesters confront police on the 101 Freeway near the Metropolitan Detention Center of downtown Los Angeles, Sunday, June 8, 2025, following last night's immigration raid protest. (AP Photo/Jae C. Hong) Note: The following piece is inspired by Joshua Keating’s If It Happened There which uses tropes and tones normally used by American media to describe events in other countries. The facts presented deal with as much exactitude and accuracy as an American media outlets’ reporting about a foreign country.Los Angeles, Mexican for the city of angels, is home to Hollywood – America’s answer to Bollywood – and a city where starstruck aspirants come with the dream of being immortalised on the silver screen. Yet, the city, which falls under America-administered California, an opposition state which overwhelmingly voted for Mr Donald Trump’s rival from the Democratic Party, Ms Kamala Harris, […]
Apple prepares for new ‘Games’ app as domain goes live ahead of WWDC 2025 keynote
[ad_1] Apple is expected to launch iOS 19 (or rumoured iOS 26) and one of new features that is reported to come is a new Apple Games app. Apple appears to be laying the groundwork for this new application, which is said to curate games from the App Store and Apple Arcade, as a domain purportedly leading to the platform has gone live.As per a report by 9to5mac, the company's new games.apple.com domain has just gone live. However, it is currently displaying a blank page, signaling imminent content.This shift from a "Safari Can’t Find The Server" error message to a blank white page strongly suggests Apple is preparing to push content to the URL very soon, potentially coinciding with the conclusion of the Worldwide Developers Conference (WWDC) keynote.What Apple’s new Games app is all aboutWhile the exact function of the […]
MS Dhoni inducted into ICC Hall of Fame | Cricket News
[ad_1] MS Dhoni, former India cricket captain, has been inducted into the ICC Cricket Hall of Fame, recognizing his extraordinary career spanning 16 years with 17,266 international runs, 829 dismissals and 538 matches across formats for India. The wicketkeeper-batsman revolutionized the sport through his unique playing style, tactical leadership and achievements including winning all three ICC men's white-ball titles as captain. "It is an honour to be named in the ICC Hall of Fame, which recognises the contributions of cricketers across generations and from all over the world. To have your name remembered alongside such all-time greats is a wonderful feeling. It is something that I will cherish forever," Dhoni said about his induction. Dhoni's journey began in 2004 when he made his ODI debut. Though he was dismissed for a duck in his first match, he soon announced his […]
160-million-year-old blue-stain fungi in China found to be harmful to trees |
[ad_1] In a groundbreaking discovery, researchers have uncovered 160-million-year-old blue-stain fungi fossils from the Jurassic Tiaojishan Formation in China. The new findings offer fresh insights into the ecological relationships between blue-stain fungi, plants, and insects during the Jurassic period. These fungi are generally nonfatal to their hosts but often accelerate tree mortality when associated with wood-boring insects.According to ScienceDaily, a Chinese team of scientists highlights the discovery of well-preserved blue-stain fungal hyphae within Jurassic fossil wood from northeastern China, pushing back the earliest known fossil record of this fungal group by approximately 80 million years.Know about the blue-stain fungi, deadly to treesBlue-stain fungi are known for their ability to colonize wood, particularly in conifer trees, causing characteristic discoloration in the sapwood. While these fungi do not decompose wood, they often cause considerable damage when associated with wood-boring insects. Their role […]
America burning: LA reels under anti-immigration protests for third straight day despite Trump’s National Guard order
[ad_1] Multiple Waymo taxis burn near the Metropolitan Detention Center of downtown Los Angeles, following last night's immigration raid protest. (Video credit: X) For the third night in a row, downtown Los Angeles became the epicentre of chaos and confrontation as protests against US President Donald Trump's immigration crackdown boiled over into violence, with police deploying tear gas, rubber bullets, and flashbangs to subdue demonstrators. Protesters set self-driving cars ablaze, blocked the 101 freeway, and clashed with law enforcement late into Sunday night, leaving parts of the city scorched and on edge.The flashpoint came after Trump took the extraordinary step of deploying the National Guard to California without the consent of the state's governor, an act not seen in decades. More than 300 troops arrived over the weekend, with 2,000 authorised and 500 US Marines on standby.Meanwhile, California governor Gavin […]
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Designing Thug Life: Amritha Ram on Styling Kamal Haasan
Costume design in Indian cinema often dances between fantasy and realism. But in Thug Life, Amritha Ram collaborates with cinematic icons Kamal Haasan and Mani Ratnam to craft a fashion-forward yet character-driven wardrobe that breaks norms. In an exclusive with ETimes, Amritha reveals how meticulous planning, storytelling, and visual language drove her designs. Tip 1: Collaboration Is the Key to Vision When asked what excited her most about working on Thug Life, Amritha simply said, “Two names: Kamal Haasan and Mani Ratnam.” The sheer reputation of these legends shaped her approach. Mani Ratnam was clear about the film’s visual tone—stripping away Bollywood glamor for something minimalistic yet powerful. “Mani sir guided me all the way. He knew exactly what he wanted,” she shared. Working with Kamal, who understands fabric, dyeing, and even costume history, was a learning curve. His feedback […]
If It Happened There: Donald Trump sends central troops to quell protests in opposition-ruled California | World News
[ad_1] Protesters confront police on the 101 Freeway near the Metropolitan Detention Center of downtown Los Angeles, Sunday, June 8, 2025, following last night's immigration raid protest. (AP Photo/Jae C. Hong) Note: The following piece is inspired by Joshua Keating’s If It Happened There which uses tropes and tones normally used by American media to describe events in other countries. The facts presented deal with as much exactitude and accuracy as an American media outlets’ reporting about a foreign country.Los Angeles, Mexican for the city of angels, is home to Hollywood – America’s answer to Bollywood – and a city where starstruck aspirants come with the dream of being immortalised on the silver screen. Yet, the city, which falls under America-administered California, an opposition state which overwhelmingly voted for Mr Donald Trump’s rival from the Democratic Party, Ms Kamala Harris, […]
Apple prepares for new ‘Games’ app as domain goes live ahead of WWDC 2025 keynote
[ad_1] Apple is expected to launch iOS 19 (or rumoured iOS 26) and one of new features that is reported to come is a new Apple Games app. Apple appears to be laying the groundwork for this new application, which is said to curate games from the App Store and Apple Arcade, as a domain purportedly leading to the platform has gone live.As per a report by 9to5mac, the company's new games.apple.com domain has just gone live. However, it is currently displaying a blank page, signaling imminent content.This shift from a "Safari Can’t Find The Server" error message to a blank white page strongly suggests Apple is preparing to push content to the URL very soon, potentially coinciding with the conclusion of the Worldwide Developers Conference (WWDC) keynote.What Apple’s new Games app is all aboutWhile the exact function of the […]
MS Dhoni inducted into ICC Hall of Fame | Cricket News
[ad_1] MS Dhoni, former India cricket captain, has been inducted into the ICC Cricket Hall of Fame, recognizing his extraordinary career spanning 16 years with 17,266 international runs, 829 dismissals and 538 matches across formats for India. The wicketkeeper-batsman revolutionized the sport through his unique playing style, tactical leadership and achievements including winning all three ICC men's white-ball titles as captain. "It is an honour to be named in the ICC Hall of Fame, which recognises the contributions of cricketers across generations and from all over the world. To have your name remembered alongside such all-time greats is a wonderful feeling. It is something that I will cherish forever," Dhoni said about his induction. Dhoni's journey began in 2004 when he made his ODI debut. Though he was dismissed for a duck in his first match, he soon announced his […]
160-million-year-old blue-stain fungi in China found to be harmful to trees |
[ad_1] In a groundbreaking discovery, researchers have uncovered 160-million-year-old blue-stain fungi fossils from the Jurassic Tiaojishan Formation in China. The new findings offer fresh insights into the ecological relationships between blue-stain fungi, plants, and insects during the Jurassic period. These fungi are generally nonfatal to their hosts but often accelerate tree mortality when associated with wood-boring insects.According to ScienceDaily, a Chinese team of scientists highlights the discovery of well-preserved blue-stain fungal hyphae within Jurassic fossil wood from northeastern China, pushing back the earliest known fossil record of this fungal group by approximately 80 million years.Know about the blue-stain fungi, deadly to treesBlue-stain fungi are known for their ability to colonize wood, particularly in conifer trees, causing characteristic discoloration in the sapwood. While these fungi do not decompose wood, they often cause considerable damage when associated with wood-boring insects. Their role […]
America burning: LA reels under anti-immigration protests for third straight day despite Trump’s National Guard order
[ad_1] Multiple Waymo taxis burn near the Metropolitan Detention Center of downtown Los Angeles, following last night's immigration raid protest. (Video credit: X) For the third night in a row, downtown Los Angeles became the epicentre of chaos and confrontation as protests against US President Donald Trump's immigration crackdown boiled over into violence, with police deploying tear gas, rubber bullets, and flashbangs to subdue demonstrators. Protesters set self-driving cars ablaze, blocked the 101 freeway, and clashed with law enforcement late into Sunday night, leaving parts of the city scorched and on edge.The flashpoint came after Trump took the extraordinary step of deploying the National Guard to California without the consent of the state's governor, an act not seen in decades. More than 300 troops arrived over the weekend, with 2,000 authorised and 500 US Marines on standby.Meanwhile, California governor Gavin […]
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