May 28, 2016 at 16:00 | Source: Moneycontrol.com
Sankeshwar has said that they will enter airline business with an investment of Rs 1,400 crore. At the same time he also added that he will dilute Rs 300-400 crore worth shares in VRL over the next three to four year but hopes to still hold a majority stake in VRL post dilution.
May 27, 2016 at 11:43 | Source: Moneycontrol.com
Entire oil marketing companies (OMCs) pack is buzzing on buyers' radar today with IOC and HPCL rising 7 and 8 percent respectively.
May 26, 2016 at 10:43 | Source: Moneycontrol.com
Morgan Stanley has an overweight rating on the stock with an increased target price of Rs 1596 per share factoring in a rise in market multiple. The brokerage firm is impressed by L&T's step-up in execution in India, with domestic revenues (excluding services business) moving up 15 percent year-on-year.
May 25, 2016 at 17:39 | Source: Moneycontrol.com
Morgan Stanley has upgraded the stock to equal weight from neutral. It has a target price of Rs 530 per share as outlook for telecom business is improving, and worst in earnings downgrade cycle appears to have passed.
May 25, 2016 at 10:17 | Source: Moneycontrol.com
Investors are worried about management guidance of mid-teen sales growth on the base business (ex-Nexium) over the next three years and EBITDA growth of 15-20 percent. The company has said that continued investment in research and development (R&D) medium-term for growth may further pressurise near-term margins.
May 21, 2016 at 10:25 | Source: Moneycontrol.com
Though BSE midcap index gave only 5 percent returns between May 18,2015 to May 16, 2016 the index jumped 37 percent between 2014-2015.Results of general elections were declared on May 16, when BJP-led National Democratic Alliance (NDA) won with a majority to form the new government.
May 16, 2016 at 17:56 | Source: Moneycontrol.com
In the one year-period, from May 16 2014 the Sensex gained 15 percent while the Nifty climbed 16 percent. However, the indices fell off the cliff soon as Modi's magic began to dwindle in the year BJP formed government with Narendra Modi as the Prime Minister.
May 16, 2016 at 11:23 | Source: Moneycontrol.com
After December quarter, analysts were bullish on the stock even though it had incurred huge losses and asset quality worsened in Q3. A day after Q3 results were announced, the stock had gained 24 percent intraday under the new management's 'clean-up act'.
May 13, 2016 at 11:39 | Source: Moneycontrol.com
The rules are already in place, but enforcing it is the biggest challenge for the regulator, given the magnitude of the foreign funds coming in through the P-note route. At presently, rough USD 30 billion of FII holdings are through the P-note route. It is near impossible for SEBI to keep track of every entity to which P-notes are issued
May 10, 2016 at 17:34 | Source: Moneycontrol.com
In a chat with moneycontrol.com, Dr Gopichand Katragadda, Group Chief Technology Officer at Tata Sons, explains why India and China should look past cost advantages and seriously focus on innovation.