After reports of the state government considering a proposal to bring Muslims under the ambit of reservation in public contracts for construction (civil) works emerged, Karnataka Chief Minister Siddaramaiah said there are no such plans.“Reports have been published in some media that a proposal to give reservations to Muslims in jobs is before the government,” the chief minister’s office said...

Shares of Hindustan Zinc took a beating and plummeted over 8 percent on November 6 as the government announced offloading a 2.5 percent stake in the company through an offer-for-sale.The government's long-awaited plan for an OFS to pare stake in Hind Zinc will be executed at a floor price of Rs 505, marking a sharp discount of nearly 10 percent from the previous closing level.At 10.04 am, shares o...

PNB Housing Finance | It is India's third-largest housing finance company as of FY24, with an AUM of Rs 71,243 Cr and a loan book of Rs 65,358 Cr. It also holds Rs 17,783 crore in deposits. The company aims to grow its retail loan book to over Rs 1 lakh Cr by FY27, targeting a CAGR of 16% from FY24 to FY27. Affordable housing is expected to contribute 14-16%, while the emerging markets segment is ...

Coal India | SBI Securities sees an over 20 percent upside potential in Coal India, as it assigned a price target of Rs 593 for the stock. The brokerage remains impressed with Coal India's ambitious production targets for FY25/FY26, aiming for 838 million tonnes (mnt) and 1 billion tonnes, respectively, after achieving record production/offtake of 773.6 mnt/753.5 mnt in FY24. The company has made ...

As Indian markets slumped for the second week in a row, and sell-side research is projecting Q2 earnings to be the lowest in 17 quarters, there are fears over whether the structural bull run could get impeded.It seems not— a larger section of the market continues to be adamant that the bull market is very much alive and kicking. What we’re seeing, they argue, is a momentary wobble, a knee-jerk...