Macquarie maintains ‘outperform’ on Jyothy Labs, cuts target price to Rs 218
On lower revenue assumptions. JYL standalone gross margin expanded by 230 bps YoY led by benign input costs.
LIC’s mega IPO is highly unlikely in FY21; here’s why
The chances of LIC IPO hitting the market in financial year 2021 is very low, given a s...
Rise in credit flow will be harbinger of growth revival: Sandeep Bhatia, Macquarie Capital
“Earnings surprise could come from the commodity s...
Remain bullish but don't take too much risk: Sandeep Bhatia, Macquarie Capital
Market is very risk averse and therefore the stocks which have done well continue to do well in a risk averse environment which we are in, s...
Macquarie lowers RIL rating, maintains target price at Rs 1,300
Recently, RIL reported a 13.5 per cent rise in net profit in the December quarter.
NHAI to monetise 12 highway stretches of over 6,000 km before 2024 to raise more resources: Finance Minister
"I propose to monetise at least twelve lots of highway bundles of over 6,000 km before 2024," Sitharaman said in her speech while tabling the Union Budget 2020-21. On electronic toll collection through FASTags, she said the "mechanism encourages us towards greater commercialisation of our highways so that NHAI can raise more resources."
Private trains have 20 companies interested in running them
Bids for the operating 150 private trains on hundred routes will open in the next two to three months and contracts are likely to be awarded in the next fiscal. The Indian Railways has proposed to operate 150 private trains on 100 routes in the first phase of the plan to allow private companies into the passenger train segment, a first of its kind development.
Farm loan waivers add Rs 60,762 crore to state-run banks’ bad loans in Q3
New stress emerges in agriculture, MSME, commercial vehicle, telecom and realty
HDFC Bank posts loan growth of 20% in Q3 on festive push
Besides the loan growth, the bank also saw a strong growth in deposits.
2019: The year stock traders became an endangered species
For a decade now, the number of stock traders has steadily declined.
CPPIB leads race to buy Ashoka Concessions for Rs 5,500 crore
Several companies were on the run to acquire Ashoka Concessions for an enterprise value of Rs 5,000-6,000 cr as revenue-generating highway assets continue to get investor traction, ET first reported in May. Canada Pension Plan Investment Board emerges as frontrunner in acquisition which will be a relief to Ashoka Buildcon with a debt of Rs 5790 cr .
US-based Capital Int’l commits to invest $120 million in YES Bank
The bank plans to raise $2 bn on a preferential allotment basis from eight investors.
10 smallcaps that rallied up to 227% to save LIC blushes in last 1 year
As of December 31, LIC held 189 stocks with market capitalisations less than Rs 10,000 crore.
Cube Highways wins TOT project with Rs 5,011 cr bid
Financial bids for the third bundle of toll-operate-transfer(TOT) auctions were opened on Wednesday. TOT was introduced in 2016 to monetise publicly-funded highways. Under the model, investors make a one-time payment in return for long-term toll collection rights.
LIC Housing tumbles 5% as Credit Suisse slashes target by 36%
The downgrade came even as IDBI Bank denied reports of merger with the mortgage major.
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