In the midst of the Indian consumer discretionary industry, Dixon Technologies has caught the attention of global brokerage Nomura. With better-than-estimated Q2 earnings and a raised target, the stock is predicted to have a potential 24% upside. The company's focus on component manufacturing and long-term opportunities in the IT hardware & components segment contribute to this positive outlook. With latest updates on stock market and helpful tools such as Income Tax Calculator, Zee Business keeps you on the front line of Business Breaking News.
Prime Minister Narendra Modi released the 18th installment of PM Kisan Yojana during his visit to Maharashtra, with more than 9.4 crore farmers benefiting from over Rs 20,000 crore. This brings the total amount disbursed through the PM Kisan scheme to nearly Rs 32,000 crore for 1.20 crore farmers in Maharashtra alone. Additionally, the Prime Minister also announced the release of nearly Rs 2,000 crore for Maharashtra's farmers under the Namo Shetkari Mahasanman Nidhi Yojana. Farmers facing issues with the scheme can contact the PM Kisan helpline numbers for assistance, while staying updated on the latest business and stock market news on Zee Business's social media platforms and website.
Amidst a relentless sell-off and escalating geo-political crisis, Indian equities made a strong comeback today, with Nifty rising nearly 200 points from its day's low. The gains were driven by buying in IT and PSU bank stocks, with the overall market sentiment being boosted by multiple factors such as positive global cues and resilience in the IT sector. However, concerns about ongoing growth and geopolitical issues could still cause volatility in the IT and related sectors. Additionally, OMC stocks are also in focus due to spiked crude oil prices, and Bank of Baroda gained over 4 per cent on Citi's buy call. Stay updated with the latest Business news, Stock Market updates, tax estimates, and personal finance tips by following Zee Business on Twitter, Facebook, and YouTube.
Indian Prime Minister Narendra Modi held a productive meeting with leaders of Tata Sons and Powerchip Semiconductor Manufacturing Corporation (PSMC) about their ongoing semiconductor projects in Gujarat. PSMC expressed enthusiasm for expanding its presence in India, after Modi laid the foundation stones for three chip fabs earlier this year. Stay updated on all the latest business news and stock market updates, as well as ways to save money through our Personal Finance coverage, by subscribing to Zee Business on social media.
Amidst heavy rains in Mumbai, the BMC declared an emergency holiday for schools and colleges in the city. The decision was made to ensure the safety of students after a "red alert" was issued by the India Meteorological Department predicting extremely heavy rainfall. The civic body also urged citizens to only step out if necessary and to check weather updates and plan accordingly. Heavy rains have caused chaos in the city, with local trains stopping and traffic crawling. Stay updated on the latest business news and stock market updates with Zee Business.
Shares of leading NBFC Northern Arc Capital received a strong response from investors, with its IPO being oversubscribed 110.71 times on the closing day. The shares made a strong debut on the NSE and BSE, listing at a premium of 33% to the issue price. Zee Business Managing Editor Anil Singhvi advises investors to keep a stop loss of Rs 330, while also discussing the company's diversified business model and successful fundraising from anchor investors. Readers can stay updated on this and more business news through Zee Business's various platforms.
Samsung is offering an unbeatable deal on their latest 5G smartphone, Galaxy A14, during Flipkart's Big Billion Days sale. With an effective price starting at just Rs 9,999, consumers can get their hands on this top-performing phone with a regular discount of Rs 6,500 and an instant discount of Rs 1,000. The phone boasts a powerful Exynos 1330 processor and a 50MP triple rear camera, along with features like 'Voice Focus' and customizable lock screens. Stay up-to-date with the latest business news and stock market updates through Zee Business's social media platforms and YouTube channel.
The ongoing arbitration between ZEEL and Culver Max Entertainment Pvt Ltd (CMEPL) has come to a conclusion as both companies have agreed to withdraw all claims against each other, including the respective Composite Schemes of Arrangement from the NCLT. Sony had initially claimed a termination fee of USD 90 million from ZEEL after the termination of their proposed merger, but was denied any interim relief by the SIAC. ZEEL also moved the NCLT to implement the merger but later withdrew its plea.
In a surprising turn of events, ZEE Entertainment Enterprises Ltd (ZEEL) and Sony Pictures Networks India have resolved their disagreement over the failed $10 billion merger. Both companies have agreed to withdraw all claims against each other and will also retract their respective Composite Schemes of Arrangement from the National Company Law Tribunal (NCLT). This settlement comes after six months of ongoing arbitration and legal proceedings, where both parties were claiming a termination fee of $90 million from each other. This news brings an end to the bitter feud between the two media giants and paves the way for a smoother future for both companies.
Zee News has organised 'Ek Bharat Shreshtha Bharat' event in New Delhi, bringing together leaders, policymakers, and industry experts to discuss the unique contributions of each state to India's economy. The event, under the theme 'States Make a Nation,' aims to showcase how the diverse strengths and identities of each state contribute to the nation's overall progress. Prominent leaders, including Nitin Gadkari, Jitan Ram Manjhi, and Smriti Irani, among others, are attending the event to highlight the importance of unity in diversity in shaping our country's future.