FPIs turn buyers, snap 11-session selling streak

[ad_1] Foreign portfolio investors turned buyers on Friday for the first time in May, snapping a 11-session selling streak that saw a selloff of over ₹37,000 crore in the cash market. Market pundits attribute the recent bout of selling to...

Broker’s call: MPS (Buy)

[ad_1] Target: ₹2,650CMP: ₹1,658.20 Established in 1970, MPS Ltd (MPSL) was a subsidiary of Macmillan (Holdings). During that time, the company served publishers by helping them publish books, journals, and research materials worldwide. This segment forms a major part of...

Time for mutual funds to tap the water theme

[ad_1] Last month, India’s IT city Bengaluru caught the attention of the nation due to its acute water shortage problem, as queues to procure water extended over many miles. As the scarcity was expansive, the Karnataka government even banned the...

SEBI mulls allowing MF schemes to invest in overseas funds with India exposure

[ad_1] Capital market regulator SEBI will soon allow mutual fund schemes to invest in overseas MFs and Unit Trusts that invest certain portion of their assets in the Indian securities.In order to diversify the portfolio and as part of overseas...

Broker’s call: M&M (Buy)

[ad_1] Target: ₹2,720CMP: ₹2,514.45Mahindra & Mahindra’s overall performance in Q4-FY24 beat our estimates on all fronts. Auto margins improved 170bp y-o-y to 8.8 per cent (est. 8 per cent), while FES margins improved to 15.8 per cent (+60bp y-o-y) despite...

Lower rapeseed meal shipments dragged oilmeal exports by 6% in April

[ad_1] A drop in the export of rapeseed meal dragged the overall export of oilmeals by 6 per cent in April.Data compiled by the Solvent Extractors’ Association of India (SEA) showed that the overall export of oilmeals was provisionally reported...

Currency market today: Rupee rises 17 paise to close at 83.33 against US dollar

[ad_1] Rupee appreciated 17 paise to close at 83.33 (provisional) against the US dollar on Friday, on positive domestic markets and expectations of some fresh foreign inflows. Reports of selling of US dollars by the Reserve Bank of India (RBI)...

Veerhealth Care secured export order from US supplier; shares trade weak

[ad_1] Veerhealth Care Limited secured an export order worth $197,793 (approximately ₹165 Lakhs) from an institutional supplier in the United States. This order follows a preliminary sample order of oral care products. Bhavin Shah, Managing Director of Veerhealth Care Limited, said,...

Glenmark gets FDA approval for Ophthalmic solution, shares up

[ad_1] Glenmark Pharmaceuticals Ltd. secured final approval from the United States Food & Drug Administration (FDA) for its Brimonidine Tartrate and Timolol Maleate Ophthalmic Solution, 0.2%|0.5%. The company informed that the solution was deemed bioequivalent and therapeutically equivalent to Combigan...

Zydus Lifesciences and MSN partner for US generic Cabozantinib supply

[ad_1] Zydus Lifesciences Ltd.’s shares were up by 2.25 per cent to ₹1,031.95 on the BSE. The company announced that its wholly owned subsidiary, Zydus Lifesciences Global FZE, entered into an exclusive licensing and supply agreement with MSN Laboratories for...
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