Hubtown focuses on debt reduction and land monetization. The company aims for zero debt in the coming years. It will leverage prime land holdings, including a 150-acre Thane plot. Hubtown has a 30 million square feet portfolio. Ongoing projects include 25 Downtown and Hubtown Seasons. Upcoming projects include 25 Estates and 25 Vistas. The company recently raised Rs 1,250 crore.
CSB Bank's stock surged after a meeting with WhiteOak Capital. The bank's shares saw a 7.7% jump. This followed a 9.91% rise over the past month. The bank's net profit grew by 3.9% in the September quarter. Net sales increased by 25.8% during the same period. However, the stock has declined over the longer term.
European car makers are increasing petrol car prices. They are also discounting electric vehicles. New EU emission rules are forcing this change. Car companies must sell more electric vehicles. They face large fines if they do not meet targets. The industry is worried about lower profits. Some companies are already pooling emissions.
Shares of Enviro Infra Engineers, which debuted on the exchanges in November, saw a significant surge in trading volumes, rising by 20% to reach a new high of Rs 354.60 on the BSE. The company had set an upper price band of Rs 148 for its IPO, and the stock listed at Rs 218.
Quess Corp shares rose 9.4% after Antique Stock Broking initiated coverage with a "buy" rating and Rs 1,000 target, citing strong hiring trends and projected revenue growth of 12%-14% CAGR through 2027.
Cipla shares rose by 2.4% to Rs 1,483.40 on Tuesday after Kotak Institutional Equities upgraded the stock from "add" to "buy," with a target price of Rs 1,725. This suggests a potential upside of over 16% from the current levels.
Donald Trump's presidency has been a dominant force in American culture and television, blurring the lines between politics and entertainment. His reelection raises questions about the future of media coverage, late-night comedy, and the role of entertainment in a divided nation.
The Democratic Republic of Congo has filed criminal complaints against Apple subsidiaries in France and Belgium, alleging the tech giant uses conflict minerals in its products. Congo accuses Apple of complicity in war crimes, handling stolen goods, and deceptive commercial practices by sourcing minerals pillaged from Congolese mines controlled by armed groups.
Sri Lanka's bondholders overwhelmingly supported the government's debt restructuring proposal. The plan exchanges existing bonds for new instruments. This includes a governance-linked bond with potential interest rate reductions. Sri Lanka defaulted on its foreign debt in May 2022. The nation joins Ghana, Ukraine, and Zambia in completing bond restructurings this year.
When the companies start putting earnings, we are likely to see a lots of downgrades of earnings So, against that backdrop bank loan growth has to pick up.
