A draft of the upcoming CAFE-III norms had proposed leniency for petrol cars weighing 909 kg or less—a carve-out widely seen as favouring Maruti Suzuki.
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CEN
Markets-Economic Times
Central Bank of India shares tumble as government launches OFS
Central Bank of India shares plunged 7.7% Friday to Rs 31.30 on BSE as the government began the process of divesting its holding in the Mumbai-based lender. The floor price for the sale was fixed at Rs 31 per share. The...
May 22
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FIR
Markets-Economic Times
First Carolina files for IPO as US bank listings heat up
After a lull following the 2023 regional banking crisis, U.S. bank IPOs have mounted a strong comeback over the past year as investors look beyond earlier headwinds.
May 22
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KEV
Markets-Economic Times
Kevin Warsh takes over US Fed with a policy problem already in view
An unfolding boom in artificial intelligence technology is reshaping the economy in ways Fed officials say could be profound for workers, companies and consumers, but will be hard for Warsh and his colleagues to assess...
May 22
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APO
Markets-Economic Times
Apollo Hospitals among 5 stocks hitting 52-week highs; rally up to 15% in a month
On Friday, the benchmark Sensex closed 231 points higher at 75,415. Amid the broader market rally, five stocks from the BSE 100 index hit their 52-week highs, scaling their highest levels in the past year. Reaching a 52...
May 22
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RBI
Markets-Economic Times
RBI helping hand muscles breathing room for rupee, cools forward premiums
The Indian rupee rallied to close above the 96-per-dollar mark for the first time in a week on Friday, helped bythe central bank's aggressive interventions to arrest the currency's slide from 94.50 to nearly 9...
May 22
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BAN
Markets-Economic Times
Bank Nifty near key resistance zone; breakout above 54,300 crucial: Ajit Mishra
Indian equity markets continue to move within a narrow consolidation range, with benchmark indices finding it difficult to break key resistance levels. Despite this, sector rotation is keeping stock-specific action aliv...
May 22
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NIF
Markets-Economic Times
Nifty stuck in a range but small and midcaps are where real money is being made: Ashish Chaturmohta
Indian stock markets may appear stagnant, but opportunities exist in small and midcap stocks. JM Financial's Ashish Chaturmohta highlights promising sectors like CDMO pharma, capital markets, and capital goods. These ar...
May 22
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11M
Markets-Economic Times
11 MF-backed microcap stocks rallied up to 515% in a year; 7 turned multibaggers
Despite the Nifty Microcap 250 index remaining largely flat over the past year, several microcap stocks delivered extraordinary gains. ET Markets identified 11 microcap companies held by over 20 mutual fund schemes as o...
May 22
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NIF
Markets-Economic Times
Nifty Bank rises 650 points as report says RBI unlikely to hike rates to defend rupee; Axis, ICICI, HDFC shares jump up to 2%
The Reserve Bank of India's rate-setting panel is set to announce its rate decision on June 5, in its second meeting since the Iran war began. By Debaroti Adhikary, ETMarkets.com XPeers Axis Bank Share Price Kotak...
May 22
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MAR
Markets-Economic Times
Markets still pricing in strong AI growth despite mixed earnings signals: Seth R Freeman
Global equity markets continue to surprise investors with their resilience, even as macroeconomic risks intensify in the background. Speaking to ET Now, market expert Seth R Freeman from GlassRatner Advisory highlighted...
May 22
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INS
Markets-Economic Times
Inside SpaceX’s Mega IPO: AI, Starlink and Musk’s Mars vision
SpaceX’s potential record-breaking IPO could transform global markets, combining aerospace, AI, telecom, and infrastructure businesses while strengthening Elon Musk’s control, accelerating Starlink growth, and reshaping...
May 22
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RBI
Markets-Economic Times
RBI not in favour of rate hikes to defend rupee, prioritises inflation: Sources
India's central bank does not see interest rate hikes as the best way to defend the embattled rupee, three sources said, a position at odds with markets, reinforcing that inflation - not the currency - will guide p...
May 22
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