Clipped from: https://www.thehindubusinessline.com/portfolio/news-analysis/tcs-q4fy21-results-do-not-justify-current-valuation/article34308556.ece The stock now trades at around 31 times its FY22 EPS, well above its one year forward PE of around 22-23 times in
HCL Tech joins Big-15 club of global IT companies with revenue of over $10 billion – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/hcl-tech-joins-big-15-club-of-global-it-companies-with-revenue-of-over-10-billion/article34310188.ece Tata Consultancy Services, Infosys and Cognizant are the other Indian companies present in it For the first time HCL Technologies has entered the
G-SAP 1.0: Has RBI embarked on the path of quantitative easing? – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/data-stories/data-focus/g-sap-10-has-rbi-embarked-on-the-path-of-quantitative-easing/article34311345.ece?homepage=true While it is similar to QE of advanced economies, the central bank’s programme is short-term in nature, restricted to G-secs and is not
16 applications cleared under PLI for drug intermediates, APIs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/16-applications-cleared-under-pli-for-drug-intermediates-apis/article34312731.ece Companies have committed investment of ₹348.7 crore, seek to create 3,042 jobs A total of 16 applications have been approved under the Production-Linked
IIP data must change for the better; infra investment to drive growth – The Financial Express
Clipped from: https://www.financialexpress.com/economy/iip-data-must-change-for-the-better-infra-investment-to-drive-growth/2232578/ Apart from a few segments led by automobile, tractors, 2 wheelers and FMCG products, the other segments of industry are yet to swim
Fund raising via NCDs drops 29% in FY21 on decline in credit ratings – The Financial Express
Clipped from: https://www.financialexpress.com/market/fund-raising-via-ncds-drops-29-in-fy21-on-decline-in-credit-ratings/2232272/ Fund raising through issuance of debentures dropped 29 per cent to Rs 10,587 crore in 2020-21 due to decline in credit ratings and
China’s exports rise at robust pace in March, imports growth highest in 4 years – The Financial Express
Clipped from: https://www.financialexpress.com/economy/chinas-exports-rise-at-robust-pace-in-march-imports-growth-highest-in-4-years/2231962/ China’s exports grew at a robust pace in March in yet another boost to the nation’s economic recovery as global demand picks up
Who is afraid of India’s fiscal policy? – The Financial Express
Clipped from: https://www.financialexpress.com/economy/who-is-afraid-of-indias-fiscal-policy/2232499/ With little resources to tackle the pandemic and kick-start economic recovery, India should receive debt relief in exchange for a commitment to align
RBI monetary policy: Calms some nerves; just what the doctor ordered – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rbi-policy-calms-some-nerves-just-what-the-doctor-ordered/2232511/ Overall, the policy is in sync with the times and recognises the need to navigate this uncertain period with an open mind Through
Eveready in ‘comfortable position’ with 80% capacity utilisation – The Financial Express
Clipped from: https://www.financialexpress.com/industry/eveready-in-comfortable-position-with-80-capacity-utilisation/2232520/ Dry cell battery major Eveready Industries is currently in a “comfortable position” in terms of capacity utilisation standing around 80%, as cheap Chinese
Flipkart likely to bag Cleartrip for $40 million in distress sale – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/funding/flipkart-likely-to-bag-cleartrip-for-40-million-in-distress-sale/articleshow/82050918.cmsSynopsis Talks of a potential Flipkart-Cleartrip deal come at a time when the Walmart-owned e-commerce firm is making strategic investments across sectors to build
Two top lenders file petitions against McNally Bharat in NCLT – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/two-top-lenders-file-petitions-against-mcnally-bharat-in-nclt/articleshow/82055213.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis A consortium of banks that include public sector lenders, private sector banks and foreign banks are owed around ₹4,000 crore by the company.
Insolvency and Bankruptcy Board of India sets up online platforms amid Covid curbs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/insolvency-regulator-sets-up-online-platforms-amid-lockdown-curbs/articleshow/82053411.cmsSynopsis The move will likely unlock big opportunities amid lockdown restrictions. This will likely make life easy for both investors and lenders dealing in
Tata Sons may take preferential route to infuse fresh funds into IHCL – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/tata-sons-may-take-preferential-route-to-infuse-fresh-funds-into-ihcl/articleshow/82038175.cms Kala VijayraghavanEditor, The Economic TimesSynopsis Tata Sons plans to infuse fresh funds into Indian Hotels Company (IHCL), which runs the Taj chain of
Insolvency and Bankruptcy Board of India sets up online platforms amid Covid curbs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/insolvency-regulator-sets-up-online-platforms-amid-lockdown-curbs/articleshow/82053411.cmsSynopsis The move will likely unlock big opportunities amid lockdown restrictions. This will likely make life easy for both investors and lenders dealing in
Insolvency and Bankruptcy Board of India sets up online platforms amid Covid curbs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/insolvency-regulator-sets-up-online-platforms-amid-lockdown-curbs/articleshow/82053411.cmsSynopsis The move will likely unlock big opportunities amid lockdown restrictions. This will likely make life easy for both investors and lenders dealing in
NCLAT says lenders cannot treat telcos’ spectrum as ‘security interest’ under insolvency proceedings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/nclat-says-lenders-cannot-treat-telcos-spectrum-as-security-interest-under-insolvency-proceedings/articleshow/82054346.cmsSynopsis NCLAT on Tuesday ruled that debt-ridden telecom companies undergoing insolvency proceedings cannot claim rights to their spectrum, which is a natural resource unless
Flipkart likely to bag Cleartrip for $40 million in distress sale – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/funding/flipkart-likely-to-bag-cleartrip-for-40-million-in-distress-sale/articleshow/82050918.cmsSynopsis The Flipkart-Cleartrip deal, which will be a mix of cash and equity, is likely to value the travel portal at $40 million in
For Gail, recovery is on the cards: Why it is stock pick of the week – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/invest/for-gail-recovery-is-on-the-cards-why-it-is-stock-pick-of-the-week/articleshow/82006295.cms SynopsisGail is in the process of implementing several pipelines. Since 70% of its revenues come from three main pipelines, divestment of any of
A million Indians waiting to buy a car, used and unused – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/a-million-indians-waiting-to-buy-a-car-used-and-unused/articleshow/82038425.cms SynopsisIf a shortage of parts has further extended the waiting period for new cars and SUVs, fewer people replacing their old cars for
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