
India’s wholesale price index-based inflation eased to 2.31% in January from 2.37% in December due to a decline in food prices, especially vegetables, according to the provisional data released by the commerce and industry ministry on Friday. The fall in WPI-based inflation in January did not surprise experts, as a drop in food prices was expected with the arrival of fresh harvests. A Reuters poll of economists had expected wholesale inflation to rise by around
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Shares of state-run Hindustan Aeronautics Ltd have lost 37% of their value over the last seven months. But the Dalal Street has a consensus target price of ₹5340 per piece, implying a 50% upside from the current market price. The stock of defence PSU major ended Wednesday’s (February 12) session at ₹3594.15 on the NSE, down 1.5% from previous day close. The stock has given 14% of its value in 2025 so far, after consistently outperforming in
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As Prime Minister Narendra Modi is set to meet tech billionaire Elon Musk during his trip to the US this week, the expansion of Starlink satellite internet to India is likely to be on the agenda apart from topics such as trade and Artificial Intelligence, media reports say. In addition, Tesla’s India entry is also likely to be a part of Modi’s discussions with Musk, who is overseeing the ‘Department of Government Efficiency’, or (DOGE),
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Stock analysts are mixed on Vodafone Idea Ltd after the telecom operator’s less-than-expected December quarter results. Nomura India still sees 37 per cent upside on the counter, while MOFSL downgraded the stock to ‘Sell’ and sees it falling to Rs 5 level. Kotak Institutional Equities also has a ‘Sell’ recommendation and a fair value target of Rs 7 on the stock. ICICI Securities, with ‘Hold’ rating, cut its FY25–27 Ebitda estimates by 6-10 per cent but raised
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Vodafone Idea share price: Shares of telecommunications company Vodafone Idea, or Vi, declined on Wednesday, February 12, a day after the company released its latest Q3 report card. The stock fell 2.7% to ₹8.58 per unit on the National Stock Exchange (NSE) at 9:22 am. Vi reported narrowing consolidated losses to ₹6,609.3 crore in the third quarter of the current fiscal year, compared to ₹6,985.9 crore a year ago. Revenue from operations advanced 4% to ₹11,117.3
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