Nykaa’s shares experienced a dip following a significant block deal. Early investors Harindarpal Singh Banga and Indra Banga planned to sell part of their holdings. The transaction involved approximately 6 crore shares. Global investment banks oversaw the sale. Nykaa is aiming for its fashion segment to break even by FY26.
Indian e-commerce giants Swiggy and Eternal are outperforming domestic indices and Asian peers, fueled by the rapid growth of quick commerce. This sector, projected to reach $100 billion by 2030, sees established players like Swiggy, Zomato’s Blinkit, and Zepto maintaining market dominance due to efficient delivery and established supply chains, contrasting with challenges faced by…
The Reserve Bank of India (RBI) has prohibited banks and other regulated lenders from charging prepayment fees on floating-rate loans taken by individuals for non-business purposes. Effective January 1, 2026, this directive aims to increase transparency and borrower flexibility. The new rules consolidate previous circulars and ensure clear disclosure of any applicable prepayment charges.
Gold and silver price prediction today: Gold prices are surging towards ₹99,000, fueled by global cues and safe-haven demand amid geopolitical tensions and inflation concerns. Silver is also bullish, eyeing ₹1,10,000, driven by industrial demand from green energy initiatives and expectations of central bank rate cuts. Experts advise a buy-on-dips strategy for gold above ₹96,500…
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, started trade on a flat note on Thursday. While Nifty50 was above 25,500, BSE Sensex was in red.
A new US-Vietnam trade agreement, imposing a flat 20% tariff on Vietnamese exports, is causing concern in Asian markets. The deal replaces a previous agreement with preferential access, potentially disrupting Vietnam’s $135 billion export flow.
Top stock market recommendations: Nuvama Professional Clients Group’s Aakash K Hindocha recommends Titagarh Rail Systems, ICICI Prudential Life Insurance, and CESC as top buys for today. Nifty faces selling pressure, potentially retesting 25250, while Bank Nifty appears stretched, with selling pressure expected around 57150-57200.
Asian shares saw modest gains as investors awaited crucial US jobs data, hoping for signals of Federal Reserve rate cuts. Wall Street’s record closes, spurred by a new US-Vietnam trade deal, boosted global trade optimism. However, China’s slowing services activity and concerns over US consumption tempered gains, highlighting the high stakes surrounding the upcoming jobs…
Harindarpal Singh Banga and his family, early investors in Nykaa, are selling a 2.1% stake in the company for $140.3 million through a block deal. The Banga family, holding nearly 5% stake, will offload 60 million shares at a 5.5% discount. Previously, in August 2024, Banga divested 1.4% stake in Nykaa for Rs 852 crore.
