BOFA

India Cements had mandated ICICI Bank and EY to arrange for the debt from lenders including private credit funds, as reported earlier and they have been in talks with lenders including private credit funds.

Nvidia Corp became the world's most valuable company, driving record inflows into tech funds. Bank of America Corp strategists noted $8.7 billion inflow in tech funds via EPFR Global data, with strategist Michael Hartnett commenting on the impact of...

Indian corporates are likely to reduce overseas dollar loans due to expensive current rates. There is a 'huge pent-up demand' for investing in local firms' equity. Borrowing costs in the US have increased sharply, leading to a preference for IPOs an...

​I think defence, semiconductor, industrial, infra are easy reforms for the current government in the current shape to continue because even the allies, for instance, Naidu is a very reform-oriented person.

Tech stocks face diverging performances as Nvidia leads the pack, while Apple struggles, causing a profit cool down and an emerging asymmetry among Big Tech stocks, affecting the overall earnings potential in 2024.

BofA Securities believes that the company has multiple growth catalysts that will play out over the next 12-18 months. M&M's core business remains steady with market share gains in the SUV segment and a potential turnaround in the tractor biz.

The share sale could be worth ₹5,300 crore to ₹5,500 crore, making it the largest ever public issue by a non-banking financial company (NBFC). Hero FinCorp's board approved the public issue on Wednesday.

Brokerage firm Macquarie maintained an underperform rating on Zomato and Apollo Hospitals. BofA Securities recommended a buy on HDFC Bank and upgraded M&M to a buy.

Vodafone Idea faces challenges in increasing ARPU through tariff hikes post-election, as price-sensitive customers resist. 42% of Vi users may downgrade or close secondary SIMs due to upcoming higher tariffs. Vi seeks to upgrade 2G to 4G, double Ebi...

On Tuesday, Timken India, a bearings manufacturer, saw a significant surge of 7.5% to reach a high of Rs 4,250 on the BSE, attributed to a substantial block deal valued at approximately Rs 1,800 crore, involving the exchange of 6.65% of equity share...

BofA Securities India’ term sheet revealed that the floor price has been fixed at Rs 3,550 apiece — a 10.2% discount to Monday's closing price of Rs 3,956. The sale at the floor price could fetch the parent company around Rs 1,775 crore or $213 mill...

The typical summer slowdown in U.S. stock markets may be more pronounced this year due to inflation jitters and an early presidential debate. The rally that pushed the S&P 500 near record highs may face challenges from Federal Reserve decisions and ...

Goldman Sachs maintains buy on ITC with a target of Rs 480, downgrades Gujarat Pipavav to neutral, raising target to Rs 220. BofA Securities retains buy on InterGlobe Aviation, target Rs 4900. Investec initiates buy on BSE, target Rs 3400, citing ma...

JPMorgan retains overweight rating on LIC Housing Finance, Nomura favors buy rating on Info Edge, BofA Securities suggests buying Biocon, and Jefferies upgrades M&M to buy.

"Post transaction, the entire promoter group, including persons acting in concert, continues to hold 31.67% in the company and remains committed to the future of Cipla," the company said in a statement.

The survey of global fund managers with $562 billion in asset under management found 82% expect the first by the rate cut by the Federal Reserve in the second half, while 78% say a recession is unlikely over the next 12 months.

BofA Securities upheld a buy rating for Varun Beverages, while Jefferies suggested buying Zomato. AB Capital received an Equal Weight rating from Morgan Stanley, and Motilal Oswal advised a neutral stance on UPL.

The brokerage also increased the target price for other key players in the sector with Bharti Airtel’s target at Rs 1,430 and Reliance Industries’ target price at Rs 3,340, foreseeing an upside of 13.5% and 17.4%, respectively.

BofA said it expects a tariff hike of 20-25% as against earlier expectation of 10-15%, which could improve cash flows that will be utilised by telecom companies to grow high-margin fiber broadband and enterprise or data-center offerings.