JPMorgan's recent downward revision of Coal India's target price highlights concerns over weakening international coal prices, sluggish domestic power demand, and intense market competition. These factors have led to a decline in the company's margins and profits, causing a negative impact on the stock's performance. While government policies and demand revival may offer some respite, investors are proceeding with caution amidst uncertain market conditions. Stay up-to-date on the latest business news and market updates on Zee Business.
With polling underway in Delhi's 70 assembly constituencies, the Election Commission has reported a voter turnout of 46.55% as of 3 pm. The Northeast district recorded the highest turnout at 52.73% while the New Delhi district saw the lowest at 43.10%. This crucial election will decide the fate of 699 candidates and has drawn high-profile voters such as President Droupadi Murmu, Vice-President Jagdeep Dhankhar, and Delhi Chief Minister Arvind Kejriwal. Stay updated with the latest political news and stock market updates on Zee Business.
Finance Minister Nirmala Sitharaman announced several significant changes for the micro, small, and medium enterprises (MSMEs) sector in the Union Budget 2025 presentation. This includes customised credit cards with a limit of Rs 5 lakh, increased credit guarantee cover and a term loan of up to Rs 20 crore for well-run export-oriented MSMEs. This move aims to boost manufacturing in the country and improve credit access for MSMEs. To stay updated on the latest business news and stock market updates, check out Zee Business and subscribe to their YouTube channel.
The Indian stock market continued its upward trend for the fourth consecutive day after Finance Minister Nirmala Sitharaman presented the Economic Survey 2024-25. Market expert Anil Singhvi suggests buying IRB Infra Developers stock for long-term investment before the budget speech. This infrastructure company has a potential upside of 75% according to market analysis. The upcoming Navi Mumbai airport and increase in toll collection are among the factors contributing to the company's projected growth. Stay updated on the latest business news, stock market updates, and stock recommendations through Zee Business.
Finance Minister Nirmala Sitharaman will present the eighth budget of her career and the second one under the NDA 3.0 government on February 1, 2025. The Budget session of Parliament, which began on January 31, will be held in two parts and the Union Budget 2025 will be telecasted live on various platforms, including TV, mobile apps, and online portals. Zee Business, Sansad TV, Doordarshan, and YouTube will provide live coverage of the Budget, while Zee Business will also offer real-time analysis and updates on their blog. Budget documents, including the Finance Minister's speech, can be downloaded in PDF format from the official Union Budget website. Don't miss out on this crucial financial event, stay updated and informed with Zee Business.
Dr Agarwal's Healthcare, a leading eyecare service provider in India, has announced the price band and opening dates for its highly anticipated initial public offering (IPO). Backed by major investors, the company plans to raise over Rs 3,000 crore through a mix of fresh issue and offer for sale of shares. The IPO has reserved a portion for retail investors, high-net-worth individuals, and eligible employees, with a minimum bid of 35 shares. With a strong financial performance and a growing presence in South and Western India, Dr Agarwal's Healthcare is poised for a successful listing on the stock exchanges. Stay updated with the latest business news and market updates on Zee Business.
As we ring in the new year, it's the perfect time to wish for abundance, happiness, and success for our loved ones. Whether it's through text, WhatsApp, or a phone call, sending personalized messages and quotes is a beautiful way to show your care and love. From motivational quotes to funny New Year wishes, make sure to spread positivity and joy on this exciting new journey. Subscribe to Zee Business on YouTube for more business and finance news.
Shares of financial technology company One Mobikwik Systems were in high demand on the first day of its initial public offering, with bids for over double the number of shares available. This success bodes well for the company's future growth and potential to disrupt the financial industry. Stay updated on all the latest business news, stock market updates, and personal finance tips from Zee Business.
The Delhi Metro's Blue Line services were delayed on Thursday due to a cable theft issue. The services will be affected throughout the day, and passengers are requested to plan their journeys accordingly and allow for additional travel time. Delhi Metro Rail Corporation has assured that the issue will be resolved by the end of operational hours in the night. Stay updated on the latest business and stock market news, as well as personal finance tips and breaking news, on Zee Business.
In a move to reduce the tax burden on petroleum companies, the government has removed the windfall tax on aviation turbine fuel, crude products, diesel, and petrol. The tax, which was introduced in 2022, aimed to generate revenue from the sudden price increase of crude oil. With this change, the government hopes to attract more investments in the petroleum sector and improve the country's overall economy. Stay updated with the latest business news and stock market updates on Zee Business and optimize your tax through their income tax calculator.