Jun 28, 2016 at 09:52 | Source: Moneycontrol.com
The management is confident that after Reliance Jio launch, top three telecom companies overall market share may not get impacted benefitting by adding low-end subs although they may lose some high-end subscribers. Idea considers low-end customer to be profitable and does not see margin dilution from this subscribers base.
Jun 27, 2016 at 15:14 | Source: Moneycontrol.com
Back home, a section of market players are counting on a dovish RBI Governor to replace Raghuram Rajan in a couple of months now. If both situations play out as expected, it means liquidity will be the least of worries for bulls in the Indian stock market.
Jun 27, 2016 at 09:15 | Source: Moneycontrol.com
The UK accounts for 9-15 percent of revenues for Indian IT firms, with the highest exposure at TCS and the lowest at Infosys. IT stocks are reeling under pressure on Monday with TCS, Infosys, HCL Tech and Tech Mahindra losing around 1 percent each.
Jun 27, 2016 at 07:44 | Source: Moneycontrol.com
Analysts say that pound depreciation is positive for Tata Motors, which owns a British subsidiary Jaguar Land Rover, but the market is actually worried about demand impact.
Jun 25, 2016 at 13:23 | Source: Moneycontrol.com
Whats making investors edgy is that unlike financial crises, political crises cannot be quickly fixed with monetary tools like rate cuts and liquidity infusion. But that wont stop central banks from trying.
Jun 24, 2016 at 13:53 | Source: Moneycontrol.com
The National Association of Software and Services Companies (Nasscom) termed the Brexit announcement as a phase of uncertainty in the near term but a mix of challenges and opportunities in the longer term.
Jun 23, 2016 at 11:42 | Source: Moneycontrol.com
BoAML also suggests that M&A should be at a pan-regional level instead of merging smaller banks across different regions, which could help create dominant regional franchises having stronger balance sheet and leverage within a region.
Jun 23, 2016 at 07:04 | Source: Moneycontrol.com
Bank of America Merrill Lynch feels that Brexit may create recession risks that could hurt IT demand further hurting 10-14 percent revenue growth for the UK businesses of the Indian IT companies in FY17.
Jun 21, 2016 at 10:36 | Source: Moneycontrol.com
Nomura also expects that ITC's pricing strategy may boost volumes in FY17. It says that ITC has only increased prices by 13 percent at the premium end of its portfolio translating into a weighted average price hike of 7.6 percent the lowest in four years due to excise duty hikes.
Jun 21, 2016 at 07:25 | Source: Moneycontrol.com
MGL has a city gas infrastructure network of 188 CNG filling stations with a compression capacity of 3.1 million kg/day in FY16, providing CNG to over 0.47 million vehicles.