BUSINESS – Page 187 – msmenews.sbs

Broker’s call: TCS (Add) – The Hindu BusinessLine

AIMPWAMarch 4, 2025

Target: ₹3,925 CMP: ₹3,496.55 We had highlighted in our earlier report that the news flow on tariffs is not constructive for earnings upgrade and decision-making, and that the first-order impact could be trimming of P/E multiples followed by a second-order impact of potential earnings downgrade. The Nifty IT Index has underperformed Nifty Index by about...

Mondelez eyes cocoa area expansion in south, north-east

AIMPWAMarch 4, 2025

As cocoa supplies from Africa come under pressure, Mondelez International, which owns the Cadbury brand, has started expanding the cultivation of the crop in South India, while exploring the options to introduce the crop in the North Eastern parts of the country. Mondelez India Foods Pvt Ltd has partnered with institutes such as the Central...

Unifi Mutual Fund launches Unifi Dynamic Asset Allocation Fund

AIMPWAMarch 3, 2025

Unifi Mutual Fund has introduced its first-ever dynamic asset allocation scheme, the Unifi Dynamic Asset Allocation Fund, designed to generate returns that outpace inflation across different economic cycles. The New Fund Offer (NFO) opens on March 3, 2025, and will be available for subscription until March 7, 2025. The scheme will reopen for continuous investment...

Wall Street sinks as Trump confirms 25% tariffs on Canada, Mexico

AIMPWAMarch 3, 2025

Wall Street’s main stock indexes closed sharply lower on Monday after President Donald Trump announced the start of 25% tariffs on Canada and Mexico, with the S&P 500 posting its biggest daily percentage decline since December 18. Stocks had already slipped after an ISM survey, and they extended losses after Trump said 25% tariffs on...

First survey pegs Indian wheat crop at 110 million tonnes

AIMPWAMarch 3, 2025

Wheat production during the 2024-25 crop year (July-June) is expected to be 8.2 per cent higher, mainly on higher acreage and farmers opting to sow climate-resilient varieties, according to a survey presented at the Roller Flour Millers Federation of India (RFMFI) conclave in Goa on Monday. Releasing the first industry estimate of the much-awaited wheat...

IPO slowdown to hit exits by PE players

AIMPWAMarch 3, 2025

Mumbai The slowdown in initial public offerings (IPOs) may queer the pitch for private equity players wanting to exit through this route. Three IPOs hit the market in February compared with six in January and 15 in December, hinting at a slowdown, in the backdrop of a volatile secondary market that has seen the Nifty...

Wells Fargo sells ITC Ltd’s shares worth over ₹106 crore through open market transaction

AIMPWAMarch 3, 2025

Financial services major Wells Fargo on Monday sold diversified conglomerate ITC Ltd’s shares worth over Rs 106 crore through an open market transaction. US-based Wells Fargo, through its affiliate Wells Fargo Emerging Markets Equity CIT, sold 26.55 lakh shares of Kolkata-headquartered ITC, according to the block deal data released on the National Stock Exchange. The...

WGC working on strategic roadmap to cement gold’s role in Viksit Bharat, says Regional CEO Sachin Jain

AIMPWAMarch 3, 2025

The World Gold Council (WGC) is working on a strategic roadmap to define the role of gold in achieving India’s ‘Viksit Bharat’ (Developed India) goal by 2047, Sachin Jain, Regional CEO, WGC India, has said. Deloitte and other experts have been engaged to draft this comprehensive document, Jain told businessline on the sidelines of the...

Despite CCI procuring 94 lakh bales of cotton, prices rule below MSP

AIMPWAMarch 3, 2025

The procurement of cotton by the government agency has touched 94 lakh bales till now, even as prices continue to rule below the Minimum Support Price (MSP) levels due to weak demand. Lalit Kumar Gupta, managing director, Cotton Corporation of India (CCI) said the procurement at MSP has touched 94 lakh bales. “Procurement is still...

Broker’s call: Anup Engineering (Buy)

AIMPWAMarch 3, 2025

Target: ₹3,800 CMP: ₹2,740.60 We initiate coverage on The Anup Engineering Ltd (Anup) with a Buy rating and a TP of ₹3,800. We believe Anup will enjoy a strong runway of growth considering a global focus on energy transition and energy security for which Anup’s products are indispensable. The company’s expansion plan has been done...

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Last call to volunteer at TC All Stage 2025

AIMPWAJune 17, 2025

TechCrunch All Stage, our founder-focused summit, is gearing up to return to Boston on July 15! We’re doing a last call for exceptional volunteers to join us in bringing this event to life. If you’ve ever wondered about the inner workings of tech events, now’s your chance to get involved. Volunteer spots are limited, so...

Own, a new social media app, aims to tokenize the creator economy

AIMPWAJune 17, 2025

With the TikTok deadline to sell its U.S. operations now just two days away, a new decentralized social media app launched its beta to the public on Tuesday. Own is the latest alternative to TikTok to emerge, featuring a swipeable feed for not just short videos but also text posts and images, as well as...

Two-year-old defense tech Mach Industries confirms $100M raise led by Khosla, Bedrock

AIMPWAJune 17, 2025

Rising-star defense tech Mach Industries has announced a new $100 million round of funding at a $470 million valuation. TechCrunch first reported that this deal was in the works last month. New investor Keith Rabois from Khosla Ventures joins existing investor Geoff Lewis of Bedrock Capital to lead the round. Existing investor Sequoia also participated....

MSMEs

Andhra Pradesh Approves Project Handover To Speed Up MSME Infrastructure Development

AIMPWAJune 17, 2025

Amaravati, Jun 17 (KNN) The long-stalled construction of flatted factory complexes at the Vemavaram Jakkampudi Economic Township is poised to advance following state government approval for institutional restructuring and project handover. The Andhra Pradesh government has authorised the Andhra Pradesh Economic Development Board Corporation Limited to complete pending land alienation procedures and transfer project responsibilities...

Jainik Power Shares Debut Below Issue Price On NSE SME Platform

AIMPWAJune 17, 2025

New Delhi, Jun 17 (KNN) Jainik Power and Cables Limited commenced trading on the NSE SME platform on Tuesday, opening at Rs 82 per share, representing a decline of more than 25 percent from its initial public offering price of Rs 110. The stock subsequently recovered to trade at Rs 86.10, marking a 5 percent...

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Broker’s call: TCS (Add) – The Hindu BusinessLine

Mondelez eyes cocoa area expansion in south, north-east

Unifi Mutual Fund launches Unifi Dynamic Asset Allocation Fund

Wall Street sinks as Trump confirms 25% tariffs on Canada, Mexico

First survey pegs Indian wheat crop at 110 million tonnes

IPO slowdown to hit exits by PE players

Wells Fargo sells ITC Ltd’s shares worth over ₹106 crore through open market transaction

WGC working on strategic roadmap to cement gold’s role in Viksit Bharat, says Regional CEO Sachin Jain

Despite CCI procuring 94 lakh bales of cotton, prices rule below MSP

Broker’s call: Anup Engineering (Buy)

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Last call to volunteer at TC All Stage 2025

Own, a new social media app, aims to tokenize the creator economy

Two-year-old defense tech Mach Industries confirms $100M raise led by Khosla, Bedrock

Andhra Pradesh Approves Project Handover To Speed Up MSME Infrastructure Development

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Last call to volunteer at TC All Stage 2025

Own, a new social media app, aims to tokenize the creator economy

Two-year-old defense tech Mach Industries confirms $100M raise led by Khosla, Bedrock

Andhra Pradesh Approves Project Handover To Speed Up MSME Infrastructure Development

Jainik Power Shares Debut Below Issue Price On NSE SME Platform

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Last call to volunteer at TC All Stage 2025

Own, a new social media app, aims to tokenize the creator economy

Two-year-old defense tech Mach Industries confirms $100M raise led by Khosla, Bedrock

Andhra Pradesh Approves Project Handover To Speed Up MSME Infrastructure Development

Jainik Power Shares Debut Below Issue Price On NSE SME Platform

Observability startup Coralogix becomes a unicorn, eyes India expansion