Emkay Global initiates on Avenue Supermarts with ‘Sell’, sees 16% downside

DMart is unlikely to see meaningful same-store sales growth improvement, except for seasonal fluctuations and possible price hikes by brands, given the competitive intensity in the sector Emkay Global has initiated coverage on Avenue Supermarts, operating as DMart, with a ‘Sell’ rating, citing concerns over limited total addressable market (TAM) expansion, rising competition from quick…

RBI holds repo rate at 5.25%: What it means for home loan borrowers and EMIs

RBI holds the repo rate at 5.25%, providing stability for home loan borrowers. This will ensure predictable EMIs, clarity and potential interest savings amid global economic uncertainties. The Reserve Bank of India (RBI) has kept the repo rate unchanged at 5.25%, marking its second consecutive pause. While this may seem routine, the context is far…

Global oil prices up 3% as Iran war escalates, Yemen’s Houthis launch attacks on Israel

Crude oil rose over 3% as Yemen’s Houthis launched missile and drone attacks on Israel, raising fresh supply concerns at key global choke points and heightening risks for import-dependent India. International crude oil prices rose more than 3% on Monday morning as the West Asia war escalated, with Yemen’s Houthi militants opening a new front…