Activist investor Elliott Investment Management is taking a $4 billion stake in PepsiCo, saying there’s an opportunity to revive the snack and drinks company. Years of double-digit price increases from PepsiCo and changing customer preferences has weakened demand for its drinks and snacks, the company said in February. In July PepsiCo said that it is […]
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian headline indices surrendered early gains in a volatile Tuesday session, dragged lower in the final hour by auto and bank stocks. Nifty faced stiff resistance at the 21-EMA, triggering a sharp intraday decline. The Nifty ended at 24,579.60, declining by 45.45 points or 0.18%, Sensex closed at 80,157.88, falling 206.61 points or 0.26%. Here’s […]
JSW Cement Q1 profit before exceptional item & tax at Rs 164.74cr, revenue up 7.8%
JSW Cement Ltd reported a multi-fold increase in its profit before exceptional items and tax of Rs 164.74 crore for the first quarter ended June 2025. The company had reported a profit before exceptional items and tax of Rs 8.14 crore for the April-June quarter a year ago, according to the regulatory filing from the […]
Kraft Heinz splits, unwinding merger that never paid off; shares fall 5%
Kraft Heinz will split into two companies, one focused on groceries and the other on sauces and spreads, it said on Tuesday, dismantling a packaged goods giant that never achieved the growth expected when it was formed a decade ago. The spinoff, which is expected to close in the second half of 2026, is the […]
US stocks open lower on tariff uncertainty; focus on data
Wall Street’s main indexes opened lower on Tuesday, as investors returning from a long holiday weekend worried about the legality of U.S. President Donald Trump’s tariffs and awaited crucial economic reports. The Dow Jones Industrial Average fell 257.1 points, or 0.56%, at the open to 45,287.73. The S&P 500 fell 58.7 points, or 0.91%, to […]
MRF, TVS Motor among 8 stocks that hit 52-week highs, rallied up to 40% in a month – Fresh Highs
On Tuesday, the benchmark Sensex declined by approximately 206 points, closing at 80,158. Despite the overall market downturn, eight stocks from the BSE 500 index reached their 52-week highs, marking their highest levels in the past year. Such breakouts are typically viewed by traders and investors as bullish signals, indicating strong upward momentum and the […]
Swiggy IPO breaks legal fee records: How law firms charged companies in Rs 1.5 lakh cr boom
India’s IPO boom in 2024-2025 has not just been a story of companies raising record money, but also brought hefty payments for law firms. According to a Bar and Bench report, legal advisors pocketed crores in fees, cashing in on the frenzy. The fiscal year was the biggest ever for India’s primary markets, with IPOs […]
Tata, M&M shares hit as report on higher GST for luxury EVs sparks concerns
Shares of automakers Tata Motors and Mahindra & Mahindra came under pressure on Monday after reports emerged that the Group of Ministers (GoM) panel has proposed raising GST on luxury electric vehicles. Tata Motors fell 1%, while M&M lost more than 2%. Hyundai also edged 0.2% lower. The move comes ahead of the September 3–4 […]
Goldman Sachs trims stake in smallcap firm, stock drops over 3%
Shares of small-cap company Zinka Logistics Solutions, the parent of trucking platform BlackBuck, came under pressure on Tuesday after Goldman Sachs offloaded a sizable stake via a bulk deal. The stock fell as much as 3.5% intraday to touch a low of Rs 612.50 on the BSE. On Monday, GSAM Holdings LLC, an affiliate of […]
GST push, lower rates could power consumption despite tariff shock: Vikas Khemani
Even as a fresh wave of tariffs has unsettled investors, market veteran Vikas Khemani believes India’s growth story remains intact and the consumption cycle is poised for an upswing, aided by dual policy support. In an exclusive conversation with ET Now, Khemani highlighted how GST rationalisation and falling interest rates are set to boost household […]