lipped from: https://www.thehindubusinessline.com/info-tech/phonepe-to-acquire-indus-os-in-all-cash-deal-worth-60-m/article34599672.ece?homepage=true The digital payment service PhonePe – Bloomberg The digital payment service PhonePe – Bloomberg× This is the digital payment platform’s second acquisition after
Category: Company Specific News
Covid-led operational curbs in India impacted business: Walmart – The Financial Express
Clipped from: https://www.financialexpress.com/industry/covid-led-operational-curbs-in-india-impacted-business-walmart/2254513/ Most Indian states have imposed lockdowns and curfews to tame a deadly spike in cases. In some markets, including the major ones like
Most brokerages positive on Bharti Airtel post Q4 numbers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/most-brokerages-positive-on-bharti-airtel-post-q4-numbers/articleshow/82757448.cmsSynopsis Analysts cheered the strong 4G and postpaid subscriber additions by the telecom operator in the March quarter. Most brokerages have maintained buy ratings
Bank stocks: Bold bets on banking could pay off, feel fund managers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bold-bets-on-banking-couldpay-off-feel-fund-managers/articleshow/82750380.cmsSynopsis Fund managers are bullish on the large private sector banks, such as HDFC Bank, ICICI Bank, Axis and Kotak. They believe their strong
Swiggy is donning many hats to win against Zomato. Trying things is fine but where are the big wins? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/consumer/swiggy-is-donning-many-hats-to-win-against-zomato-trying-things-is-fine-but-where-are-the-big-wins/primearticleshow/82746428.cms SynopsisSwiggy and Zomato are two sides of a coin if one looks closely at their business playbook. IPO-bound Zomato wants to be good
Tata Motors shares: Many reasons for Tata Motors stock to shine despite loss – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/many-reasons-for-tata-motors-stock-to-shine-despite-loss/articleshow/82755997.cmsSynopsis Tata Motors, India’s biggest automotive group, may have logged losses but they fail to reflect the robust operating performance at the maker of
Tata Motors loss down to ₹7,605 cr in Q4; revenue growth up 42% – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/companies/tata-motors-loss-down-to-7605-cr-in-q4-revenue-growth-up-42/article34589620.ece JLR write-downs put brakes on bottomline Asset write-downs in Jaguar Land Rover weighed heavily on Tata Motors which reported a consolidated loss of
Indian Hotels readies expansion plan in a post-pandemic world – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/indian-hotels-readies-expansion-plan-in-a-post-pandemic-world/article34580975.ece M&A activity will pick up if pandemic’s pace slows down in the next four-eight weeks: MD Indian Hotels Company Limited (IHCL) is readying
Brokerages raise L&T’s target price on strong Q4 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/brokerages-raise-lts-target-price-on-strong-q4/articleshow/82727214.cms Synopsis–Morgan Stanley retained overweight and raised target price to Rs 1,816 from Rs 1,721 saying that valuations remain compelling and the company has
Analysts expect Cipla to return up to 30% from here on as India biz gains momentum – The Economic Times
lipped from: https://economictimes.indiatimes.com/markets/stocks/news/analysts-expect-cipla-to-return-up-to-30-from-here-on-as-india-biz-gains-momentum/articleshow/82727318.cms Synopsis–Kotak Securities said the expansion of the Covid portfolio would support near-term earnings while the continued rollout of respiratory franchisee in the US
Top wealth creators of the decade losing allure – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/top-wealth-creators-of-the-decade-losing-allure/articleshow/82727163.cms Synopsis–Rising commodity prices could begin squeezing the profitability of consumer companies. So far, companies have managed to pass on higher input costs to
Bharti Airtel FY21 net loss narrows to Rs 15,084 crore–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/bharti-airtel-fy21-net-loss-narrows-to-rs-15084-crore/story/439275.html For January-March quarter, the company reported a net profit of Rs 759 crore as against a net loss of Rs 5,237 crore in
Stabilising ultra mega coal plant remains a major concern for Tata Power | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/stabilising-ultra-mega-coal-plant-remains-a-major-concern-for-tata-power-121051600834_1.html This at a time when the company is focusing on renewable energy The 4,000 Mw Mundra, Gujarat-based CGPL, is one of several “ultra
After strong Q4 performance, Asian Paints faces multiple challenges | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/after-strong-q4-performance-asian-paints-faces-multiple-challenges-121051600733_1.html The Covid wave, rising raw material costs can impact near-term sales Multiple lockdowns across states and the fact that the impact of the
Movers & Shakers: Stocks that will see action this week – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/technical-analysis/movers-shakers-stocks-that-will-see-action-this-week/article34568867.ece Asian Paints (₹2,774.5) Breaks out of consolidation path The stock of Asian Paints looked weak since the beginning of 2021, i.e., it has
Moody’s upgrades outlook on Tata Motors to ‘Stable’ on sustained recovery | Business Standard News
Clipped from: https://www.business-standard.com/article/automobile/moody-s-upgrades-outlook-on-tata-motors-to-stable-on-sustained-recovery-121051400805_1.html Recovery is from the trough hit Q1 of FY21, is expected to sustain over next 12-18 months, while the firm’s credit metrics strengthen
GoAir banks on low-cost structure, promoter backing for successful IPO | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/goair-banks-on-low-cost-structure-promoter-backing-for-successful-ipo-121051401238_1.html The company has filed DRHP to raise Rs 3,600 crore Strong confidence in the revival of Indian aviation market after the pandemic, a
CEAT, Pricol: Auto ancillary stocks look set to rally further, charts show | Business Standard News
lipped from: https://www.business-standard.com/article/markets/ceat-pricol-auto-ancillary-stocks-look-set-to-rally-further-charts-show-121051400370_1.html With a “Higher High, Higher low” formation, the stock of Pricol has gradually risen to higher levels recently. On the ground, however, automobile
GDR scam: SEBI lets Aptech off the hook – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/gdr-scam-sebi-lets-aptech-off-the-hook/article34552194.ece Spares the company monetary penalty; says law cannot be applied retrospectively Market regulator SEBI had found Aptech Ltd guilty of fraud in the
zomato IPO: As countdown begins for Zomato IPO, a Rs 14,000 crore question looms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/ipos/fpos/as-countdown-begins-for-zomato-ipo-a-rs-14000-crore-question-looms/articleshow/82605292.cmsSynopsis In its draft red herring prospectus, Zomato proposes to utilise 75 per cent of the Rs 7,500 crore IPO proceeds for tapping organic
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