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We plan to play on the front foot in FY23 to keep the momentum going: Ashok Sonthalia, chief financial officer, Titan

Titan posted a 135% rise in its net profit in Q3, while revenue grew 36% and total income rose 31%. By Rajesh Kurup Buoyed by the festive season, Titan Company posted a 135% rise in net profit in the quarter ended December 31, and expects the momentum to continue into Q4. The luxury products company, …

Supreme Court to hear after 10 days plea of CIPL for expunction of adverse remarks against Tata Mistry

A bench headed by Chief Justice N V Ramana was told by senior advocate Janak Dwarkadas, appearing for CIPL and Mistry, that this is an application for expunging “certain remarks which affect my reputation, integrity and character” in the judgement. The Supreme Court on Monday said it would hear after ten days the plea of …

Tata Steel not under any compulsion to divest European assets: CEO & MD TV Narendran

With steel prices softening, many customers try to postpone their purchases in hopes of buying it cheaper next month. Tata Steel has put plans for divesting European business aside as those businesses are able to stand on their own. TV Narendran, CEO and MD, Tata Steel, told Shubhra Tandon that these businesses have not needed …

Jefferies ups target price of this Rakesh Jhunjhunwala-owned stock; share gains 5%

Big Bull Rakesh Jhunjhunwala owned 3.67 crore equity shares of Tata Motors at the end of September. Rakesh Jhunjhunwala-owned Tata Motors has rallied 48% so far this month to trade at Rs 501 per share and could extend its massive up-move, according to global brokerage firm Jefferies. Analysts have increased the target price for Tata …

RIL, Coal India, Maruti Suzuki, HCL Tech, Zee Ent, Prestige Estates, Future group stocks in focus

Investors will closely watch the September CPI Inflation and the Industrial Output for August. Nifty futures tanked 92.50 points or 0.52 per cent to 17,868.50 on Singaporean Exchange, hinting at a negative opening on Tuesday. Investors will closely watch the September CPI Inflation and the Industrial Output for August. “Zooming into the Nifty 60 min …

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