"It will significantly strengthen our position in North Asia, the largest skincare market in the world; and will complement our existing portfolio, enabling us to offer luxury skincare products at attainable price points," Alan Jope, Unilever President Personal Care, said in a statement.
Goldman Sachs expects stable pricing trends with neutral ratings on TCS and Infosys while it has downgraded Wipro from neutral to sell.
According to bulk deal data available with BSE, Xenok offloaded 1,10,79,700 shares, amounting to 4.14 percent stake, in MFSL
Spot gold has certainly rallied of late, climbing from levels under $1,212 an ounce in July to as high as $1,342.90 this week, touching its highest levels in around a year, according to Reuters data.
A decline in margins resulted in consolidated profit declining by 52 percent YoY to Rs 21.1 crore in June quarter.
The company has reported 1QCY17 sales at Rs 2480 crore and EBITDA at Rs 440 crore, which were below the research firm expectations due to de-stocking ahead of GST implementation.
The Saudi Civil Aviation Holding plans to sell a minority stake in Riyadh's King Khalid International Airport, the sources said, without providing a timeframe for the sale.
Global investment bank Goldman Sachs feels that this is a positive step forward for the banking sector as banks saddled with a large proportion of bad loans may feel more confident in fast tracking NPL resolution.
Edelweiss Securities, Goldman Sachs and Deutsche Equities are the merchant bankers advising the government on the share sale
The March quarter results suggest earnings recovery gathering pace while overall MSCI India 4Q results came largely in-line with consensus.
The broking firm expects the bank to race towards the USD 100 billion market cap by FY 20E driven by doubling of profits to USD 5 billion by FY21E as it leverages the market share shift from state-owned banks.
The global investment bank is of the view that ICICI Bank is an attractive corporate play at a reasonable valuation given that macro environment is turning a corner and earnings/returns visibility from FY19 is improving.
The other bankers who have been selected by the Department of Investment and Public Asset Management (DIPAM) for managing the stake sale are Deutsche Equities, SBI Capital Markets and ICICI Securities, sources said.
The US-headquartered investment banking firm is primarily looking to invest in small business in a strategy known internally as “platform builds”
China is currently the market, investors are most concerned about given policy tightening, notably higher interbank rates and a range of measures aimed at curbing financial sector excesses, says Timothy Moe of Goldman Sachs.
United Spirits, Power firms, oil and gas, among others are on analysts' radar today.
Goldman Sachs downgraded the stock to neutral post recent outperformance
The minutes of the Fed's latest policy meeting Wednesday showed the central bank aims to reduce the $4.5 trillion in bonds on its balance sheet at some point this year.
While China may be more resilient, earnings in India may recover, says Goldman Sachs
Prices for front-month Brent crude futures LCOc1, the international benchmark for oil, were at USD 50.92 per barrel at 0051 GMT, down 4 cents from their last close.
Blankfein's overall pay declined 4 percent to $22 million, according to a regulatory filing.
U.S. West Texas Intermediate crude was trading up 70 cents, or 1.5 percent, at USD48.42 a barrel by 0036 GMT, having earlier risen more than USD1 to USD48.87. The rise came after the contract fell for a seventh session in a row on Tuesday, the longest losing streak since January 2016.
Research firm feels it could target healthier variants, automation of some tasks and plug pricing gaps to get better returns.
Goldman Sachs has initiated its coverage on Infosys with a sell call and target of Rs 829 as application services is shrinking led by swift contraction in BFSI.