HDFC AMC falls 5% as Day 2 of OFS kicks off
In the first two hours, the OFS was subscribed 0.07 times, as per data available on NSE.
Moody's downgrades YES Bank rating; outlook negative
Moody's said lender’s stressed assets related issues will add pressure to its funding and liquidity.
EBITDA growth for India Inc. came down to 6% this quarter: Ashish Gupta, Credit Suisse
After several quarters of stable level of stress, we saw an increase in overall stress indicator.
Amazon, Infosys, 26 other companies respond to Tea Board's EoI for technology use
Tea Board deputy chairman Arun Kr Ray said that this exercise is required for long-term sustainability of the industry as costs are rising and prices of tea have been flat at auctions. "We are going to start an exercise for determining the traceability of tea, particularly of the orthodox variety, using blockchain technology", Ray said.
Buy NMDC, price target Rs 120: Kunal Bothra
The analyst suggested a stoploss at Rs 109.
Buy Bajaj Auto, price target Rs 3,375: Kunal Bothra
The analyst suggested a stoploss at Rs 3230.
Buffett's firm to largest DII, all hooked to India’s grey market: Here’s what’s buzzing
Here are some of the names that have kept the grey market abuzz over past few weeks.
How will Sundar Pichai run Alphabet? The clues lie hidden in plain sight
Pichai joined Google in 2004 and started amassing responsibility for some of the most popular products of the company, including Gmail, the Chrome browser and Android. Former employees often describe him as a collaborative and loyal colleague. He even turned down a big new grant of stock in 2018 because he felt he was already paid generously.
Companies need to do a lot more: Rishad Premji
Indian firms need to do more to run their businesses fairly and ethically, Wipro chairman Rishad Premji said.
Companies hope to strike gold on Black Friday
Black Friday, or the Friday after the Thanksgiving Day in the US, is regarded as the beginning of Christmas shopping season there. Some marketers consider it a “business occasion” to acquire new customers while some others use the occasion to push fresh merchandise sales before winter sales kick in around December 20.
12 global companies evinced interest to shift base from China to India: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday said about 12 global companies have evinced interest to shift their base from China to India, taking advantage of competitive tax rate of 15 per cent announced recently.
OPEC and allies prepare to deepen oil output cuts
The Organization of the Petroleum Exporting Countries (OPEC) meets on Thursday in Vienna and with Russia and others, a grouping known as OPEC+, on Friday.
Hyundai initiates feasibility study for fuel cell electric vehicles in India
The company has initiated a feasibility study for fuel cell electric vehicles in the country and promises to being a solution with zero emissions, he added. Fuel cell electric vehicles are free from all kind of green house gas emissions. Earlier this year, Hyundai had launched fully-electric SUV Kona in the country.
Citigroup has buy on L&T Infotech, target price Rs 1855
The brokerage has opened a 90-days positive catalyst watch on th stock as it expects the company to report healthy revenues in the third quarter.
Singapore’s Sembcorp to buyout balance stake in India JV for Rs 406 crore from Gayatri Projects
“The proposed acquisition will allow Sembcorp to have the flexibility as sole owner to evaluate and pursue a full range of growth opportunities in the renewables segment, while at the same time seeking the right equity window to list its India business or to pursue other capital recycling options,” the company said.
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