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[ad_1] Top stocks to buy today (AI image) Stock market recommendations: According to Somil Mehta, Head - Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Dabur and Gail are the top stocks to buy today:Dabur – Buy in the range between Rs 480 & Rs 488; Stop Loss: Rs 467; Target: Rs 519Dabur has broken out of a downward slopping trend line and expected to resume the uptrend. Momentum indicators has also given a positive crossover below the zero line. The stock has been consolidating in a broad range since last month and has closed above 20 daily moving average i.e.477, resuming the up trend today. The stock is excepted to continue the up trend till the previous swing high i.e. 519. Key resistance is 494 & 519 and support is at 477 and 467.Gail – Buy in the range […]

[ad_1] Realty major DLF Ltd's consolidated net profit rose 39 per cent year-on-year to Rs 1,282 crore for the January-March quarter of FY25, supported by higher revenue and robust demand for premium homes.For the full fiscal year 2024-25, the company reported record sales bookings of Rs 21,223 crore, up 44 per cent from Rs 14,778 crore in the previous year, led by strong pre-sales in its ultra-luxury project 'The Dahlias' in Gurugram.DLF's total income during the January-March quarter rose to Rs 3,347.77 crore from Rs 2,316.7 crore in the same period last year. For the full fiscal, net profit climbed to Rs 4,366.82 crore from Rs 2,723.53 crore, while total income increased to Rs 8,995.89 crore from Rs 6,958.34 crore in FY24, PTI reported.The board has recommended a dividend of Rs 6 per equity share (face value of Rs 2 […]

[ad_1] NEW DELHI: Elon Musk's Starlink looks set to clear the final regulatory hurdle for beginning satcom services in India. IN-SPACe, the nodal agency under the department of space (DoS), is likely to grant approval to the company for launching commercial satellite broadband services.The inter-ministerial standing committee of IN-SPACe (Indian National Space Promotion and Authorisation Centre), which includes members from the DoS, I&B, DoT, MHA, MEA, and commerce and industry ministries, will be taking up Starlink's agenda in its next meeting."Broadly, the approval for satellite will be given to Starlink as the ministries of home and external affairs - which are the key decision-makers on matters of security and geopolitical situation - have already approved the company's proposal at the department of telecom (DoT)," a top source told TOI.The DoT issued a letter of intent (LoI) to Starlink on May […]

[ad_1] Hon Hai Precision Industry Co., the main manufacturer of Apple Inc.'s iPhones, will inject $1.5 billion into its India unit as production shifts away from China.The Taiwan-based company said in an exchange filing on Monday that it had made the investment through its Singaporean subsidiary. Hon Hai, which is building new plants and adding production capacity in southern India, didn't immediately respond to an emailed request for comment.Apple is looking to import most of the iPhones it sells in the US from India by the end of next year, drawing the wrath of US President Donald Trump, who said last week he'd asked Apple CEO Tim Cook to stop building plants there.Trump's comments accelerate a shift beyond China to mitigate risks related to tariffs and geopolitical tensions. Apple makes most of its iPhones in China and has no smartphone […]

[ad_1] MUMBAI: Sebi has threatened two Mauritus-based funds with investments in the Adani Group that they could face penalties and cancellation of licences for not sharing shareholding details despite repeated requests over two years, according to a document reviewed by Reuters.The Adani Group and its 13 offshore investors have been facing an investigation by the Sebi, since Hindenburg Research in 2023 alleged improper use of tax havens by the group, triggering a stock sell-off. The group has repeatedly denied wrongdoing, and its shares have since recovered.Regulations require at least 25% of shares of listed companies be held by public shareholders, but Hindenburg alleged the Adani Group breached those rules since some offshore funds with Adani company holdings were related to the conglomerate.Two Mauritius-based Elara funds - Elara India Opportunities Fund and Vespera Fund - had been asked since 2023 to […]

[ad_1] MUMBAI: State Bank of India has cut fixed deposit rates by 20 basis points across all tenors for both the general public and senior citizens from May 16. The move follows a 25 bps repo rate cut by RBI in April and comes ahead of another expected cut in June.RBI also infused nearly Rs 5 lakh crore of liquidity into the system, lowering funding costs. HDFC Bank already reduced rates, and SBI's move is expected to prompt more lenders to follow.This is the second deposit rate revision by SBI during the current fiscal. The country's largest bank cut its deposit (fixed deposit) rates first on April 15 by up to 25 basis points. For the general public, SBI's FD rates now range from 3.3% for 7-45 days (earlier 3.5%) to 6.3% for 5-10 years (earlier 6.5%). Senior citizen rates […]

[ad_1] MUMBAI: Instant beverage maker Rasna on Monday announced that it has acquired the brand Jumpin from Hershey's India for expanding into the ready-to-drink category. Rasna did not disclose the amount it has paid for the 100% acquisition of the brand. However, it indicated that independent agencies have valued the brand at Rs 350 crore. Piruz Khambatta, Rasna's chairman, said the company has acquired only the brand from Hershey's and not the manufacturing asset.It will be using the same manufacturing facility going ahead. [ad_2] Source link

[ad_1] The Centre has released draft rules proposing the delicensing of the lower segment of the 6 GHz band for unlicensed indoor use. The move, which applies to the 5925–6425 MHz frequency band, is aimed at enabling next-generation Wi-Fi technologies and supporting data-heavy applications.According to the draft, no authorisation or frequency assignment will be required for establishing or operating wireless equipment for Low Power Indoor (LPI) and Very Low Power Outdoor (VLP) wireless systems, including radio local area networks, on a non-interference, non-protection, and shared basis, PTI reported.The draft outlines technical parameters, proposing a power cap of 30 dBm (decibel-milliwatts) for Low Power Indoor devices—significantly lower than the 53 dBm allowed in the 5 GHz band—to prevent interference.It also includes operational restrictions, prohibiting indoor use of such devices on oil platforms, land vehicles like cars and trains, boats, and aircraft—except […]

[ad_1] NEW DELHI: Apple’s key supplier Foxconn has invested $1.48 billion (approximately Rs 12,800 crore) in its India operations over the past five days, the company disclosed in a regulatory filing.The investment was made into Yuzhan Technology (India) Private Limited, Foxconn’s Tamil Nadu-based unit, via its Singapore arm, Foxconn Singapore Pte Ltd. Under the transaction, the Singapore entity acquired 9,999 shares at Rs 10 per share, including a premium component, taking the total deal value to $1.489 billion.The move comes as Apple intensifies efforts to scale up iPhone production in India, aligning with its broader strategy to diversify manufacturing beyond China. Apple CEO Tim Cook recently announced that a majority of iPhones sold in the US during the June quarter will be sourced from India, while China will continue to supply most devices to other markets amid ongoing uncertainty around […]

[ad_1] Kotak Mahindra Mutual Fund on Monday bought a 6.6 per cent stake in pharmaceutical companyAmi Organics for nearly Rs 301 crore through open market transactions. According to the block deal data available on the National Stock Exchange (NSE), Kotak Mahindra Mutual Fund (Kotak MF) purchased 26.97 lakh shares or 6.59 per cent stake in two tranches in Gujarat-based Ami Organics as reported news agency PTI.The shares were acquired at an average price of Rs 1,115 apiece, taking the combined transaction value to Rs 300.81 crore.Meanwhile, Ami Organics promoters Vaghasia Chetankumar Chhaganlal and Nareshkumar Ramjibhai Patel divested the same number of shares at the same price on the NSE.After the stake sale, the combined holding of promoters and promoter group in Ami Organics has declined to 29.36 per cent from 35.96 per cent.On Monday, shares of Ami Organics rose 5.82 […]