Business

Share price of Domes Industries surged over 5% on Monday to hit a record high of ₹2,367.50 on the BSE after brokerage firm Axis Securities initiated coverage with a bullish outlook on the stock. This is the seventh consecutive day of rise in shares of DOMS Industries and the stock is up more than 10% in a week. Axis Securities has 'buy' rating on shares of DOMS Industries with a price target of ₹2,670 per share, which is 18% higher than Friday's closing price. "Our self-confidence in the promising future of DOMS is based on the company's strong and dependable performance over the past several quarters," Axis Securities said that in a report. It expects this trend to continue in the coming years, supported by factors such as a) continued distribution expansion in lower penetration...

CRISIL MI&A Research said prices of representative home-cooked vegetarian and non-vegetarian thalis increased by 6 percent and 4 percent, respectively, on a month-on-month basis in June 2024. It said the cost of a vegetarian thali has increased month-on-month mainly due to increase in prices of vegetables, with prices of potatoes, onions and tomatoes increasing by 9 percent, 15 percent and 29 percent respectively due to inferior arrivals. The price of non-veg thali also increased due to higher prices of vegetables, but an estimated one per cent monthly increase in the cost of broilers, which is 50 percent of the cost of non-veg thali, prevented further increase. Crisil MI&A Research said that on a year-on-year basis, the price of home-cooked vegetarian thali increased by 10 ...

The NSE Nifty 50 was up 0.27% at 24,354.1 points, while the S&P BSE Sensex rose 0.29% at 80,214.56, hitting a record high by 9:26 am IST. Indian shares opened higher on Thursday in line with Asian peers,led by IT stocks after soft US data boosted hopes of a rate cut in September. The NSE Nifty 50 was up 0.27% at 24,354.1 points, while the S&P BSE Sensex rose 0.29% at 80,214.56, hitting a record high by 9:26 am IST. Asian shares rose on new estimates that the Federal Reserve could start cutting rates in September after stoft labor data in the world's largest economy. Nine out of 13 major sectors in India recorded gains. US rate-sensitive IT stocks rose 1%. Non-bank lender L&T Finance rose nearly 3% after strong loan growth and disbursement numbers in the June qua...

Online food ordering and delivery platform Zomato on Thursday said it is expanding its 'Restaurant Service Centre', a one-stop solution to help restaurants expand across the country. Through its Restaurant Services Centre, Zomato currently provides services related to staffing and licensing in restaurants. Over the past six months, the Restaurant Service Center has already served over 3,200 restaurants and will be extended to all restaurants across India, irrespective of their arrangement with Zomato, the company said in a statement. The company seeks to provide assistance in overcoming the complexities of running a restaurant, from locating the ideal location and finding the ideal suppliers, to obtaining the necessary licenses and hiring the right staff. Rakesh Ranjan, CEO, F...