
Indian Investors Are Moving to Alternatives, Kotak Mahindra Says
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Bloomberg
an hour ago
- Bloomberg
Jefferies Is Said to Tap JPMorgan's Melly as APAC Head of Financial Institutions Group
Jefferies Financial Group Inc. has hired Michael Melly from JPMorgan Chase & Co. as Asia-Pacific head of its financial institutions group investment banking franchise, according to people familiar with the matter. Melly will lead work on transactions involving banks, insurers, asset managers and other clients in the region, the people said, asking not to be identified because the information is private. He will continue to be based in Hong Kong and is due to start his new role as soon as later this year, the people said.


Business Upturn
2 hours ago
- Business Upturn
Dixon Technologies rises nearly 4% on GST cut hopes for white goods
By Aditya Bhagchandani Published on August 18, 2025, 09:54 IST Shares of Dixon Technologies (India) Ltd climbed 3.83% to ₹16,812 in early trade on August 18, as markets cheered expectations of a possible GST rate cut on consumer durables. As one of India's largest contract manufacturers for electronics and appliances, Dixon stands to benefit from stronger demand if product prices fall due to lower taxation. The government's proposal to simplify the Goods and Services Tax (GST) structure by scrapping the 12% and 28% slabs and moving to a two-rate system of 5% and 18% is set to put several sector stocks in focus when markets reopen. While these changes are still at the proposal stage, Prime Minister Narendra Modi has assured that a 'Diwali gift' in the form of GST rationalisation is on the way. Consumer durables and white goods makers are among the top expected beneficiaries. A potential shift of products like televisions, refrigerators, and washing machines from the 28% slab to 18% would make them more affordable, driving festive demand. Alongside Dixon, companies such as Voltas, Blue Star, Whirlpool, and Havells could attract fresh investor interest amid hopes of a broader recovery in discretionary consumption. Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Please consult a financial advisor before making investment decisions. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.


Business Upturn
3 hours ago
- Business Upturn
Goldman Sachs keeps buy on USL with Rs 1,575 target, says long-term tailwinds intact
By Markets Desk Published on August 18, 2025, 08:22 IST Goldman Sachs has maintained its buy call on United Spirits Limited (USL) with a target price of ₹1,575 after the company delivered a first-quarter performance ahead of topline estimates. The brokerage noted that volume growth was muted when adjusted for the impact of Andhra Pradesh, but said the overall showing was encouraging given the operating environment. Goldman Sachs expects structural benefits from the UK-India free trade agreement to begin accruing from the first quarter of FY27, potentially providing tailwinds for both growth and margins. It has, however, trimmed FY26–28 earnings per share estimates by 2–4% to reflect near-term pressures. Despite the cut, the brokerage remains constructive on USL's medium-term outlook, citing strong premiumisation trends and the company's ability to expand margins through disciplined cost control. Disclaimer: The views and recommendations made in this article are those of Goldman Sachs. This article does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions. Ahmedabad Plane Crash Markets Desk at