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Stock recommendations for 28 August from MarketSmith India

New Delhi, Aug. 28 -- Indian equities closed lower on Thursday, with the Nifty 50 slipping 116.90 points, or 0.48%, to settle at 24,090.85, while the Sensex fell 539.35 points, or 0.70%, to 76,933.59.... Read More


L&T shifts course, bets on owning new-age assets instead of building for others

New Delhi, Aug. 28 -- Mumbai, New Delhi : Mumbai & Delhi: A decade after Larsen & Toubro Ltd (L&T) decided to exit asset ownership in conventional infrastructure because of poor returns, India's lar... Read More


Raja Venkatraman recommends three stocks for 28 August

New Delhi, Aug. 28 -- Stock market recap: On Thursday, Indian equity benchmarks ended sharply lower, with both the Sensex and Nifty slipping to one-week lows as selling pressure intensified. The Nifty... Read More


GST Council may cut 18% tax on mobile phones as handset demand slows

New Delhi, Aug. 28 -- The Goods and Services Tax (GST) Council may consider a cut in the 18% GST rate on mobile phones as it seeks to revive slowing handset demand and prevent the tax from becoming a ... Read More


Instamart's new bet: Make quick-commerce products harder to copy

New Delhi, Aug. 28 -- Swiggy Instamart is turning to younger brands and platform-exclusive products to give shoppers a reason to choose it over rivals, as quick commerce becomes harder to differentiat... Read More


Catch them young: VCs are scouting college campuses for the next big startup

Bengaluru, Aug. 28 -- Venture capital firms are moving onto college campuses in search of their next investments, encouraged by a growing pipeline of student-led startups and early successes from fund... Read More


Trent winding down stores of Utsa affordable ethnicwear

Bengaluru, Aug. 28 -- Tata Group's Trent Ltd is winding down its Utsa stores after the affordable ethnicwear format failed to generate sufficient sales and profitability to justify a standalone store ... Read More


Sugar spike puts FMCG margins under fresh pressure

New Delhi, Aug. 28 -- Makers of packaged foods from biscuits to beverages may feel the bitter aftertaste of a sugar spike soon, just as they recover from their worst profitability crisis in at least f... Read More


US stock market today: Wall Street futures edge lower as investors await Kevin Warsh's Jackson Hole speech

New Delhi, Aug. 28 -- The US stock futures traded with mild losses on Friday, 28 August, as traders awaited fresh signals on the Federal Reserve's policy path from the Jackson Hole symposium. Futures... Read More


Industrial output growth narrows to 6.7% in July from 8.8% in June

New Delhi, Aug. 28 -- India's industrial output, measured by the Index of Industrial Production (IIP), grew 6.7% year-on-year in July, compared with 8.8% in June, according to provisional data release... Read More