BUSINESS
Mounting debt, falling volumes: Why BAT may want to offload stake in ITC Hotels once listed
At $2-3 billion fair value, hotel business stake sale could yield $350-500 million, says Jefferies.
BUSINESS
BAT stake sale unlikely to have any long-term impact on ITC, say analysts
The stake sale might be a bid by British American Tobacco to reduce its debt levels, while also meeting India’s stringent rules for foreign ownership in tobacco companies.
BUSINESS
Younger population, digital products, urbanisation to drive India's gold demand: World Gold Council
While financial inclusion has yielded positive results for the country’s prosperity, the WGC said it has created challenges for the gold market.
BUSINESS
VI, Yes Bank, IOCL top wealth destroyers, wipe off Rs 2.55 lakh crore in 5 years: Motilal Oswal report
The total wealth destroyed during the period of study is Rs 17 trillion or 25 percent of the wealth created by the top 100 companies.
BUSINESS
ITC’s future-ready plans: Diversification, innovation and cost-optimisation keep brokerages bullish
Slicing national shares, ITC enjoys strong position in several segments either geographically or in specific sub-categories
BUSINESS
REC enters €200 million loan agreement with German bank; shares slip
The company in a statement said this marks REC's sixth line of credit under the Indo-German development cooperation.
BUSINESS
Analyst Call Tracker: Capex cycle, order book drive upside for L&T
The stock has been doing well. The 72 percent growth in its order book and proven track record in execution of projects make it an attractive buy.
BUSINESS
Stocks, gold defy tradition, move up in tandem to touch highs
Some experts feel this trend will be short-lived, others feel this will continue for the next year or two, as elections in India and global tensions impact both these asset classes.
BUSINESS
As FII holdings plummet to 10-year low, DIIs, retail investors keep share market afloat
DIIs are betting heavily on BFSI, auto and auto ancillary, along with sectors related to economic recovery, said analysts.
BUSINESS
Gold at $2,000 is poised for a rally. These are the factors at work
Historical data suggests that gold rallies by about 4 percent in the month preceding an interest rate cut and 6 percent after.
BUSINESS
Brokerages bullish on Coal India: High volumes, falling employee costs, e-auction gains favour for stock
Following the investor call, brokerages remained bullish on Coal India on higher volumes, lowering wage bill and increased e-auction premiums
BUSINESS
Consumer staple firms pin hopes on festive season for volume growth: Jefferies
Gross margins for consumer staples players also saw an improvement, as input prices of raw materials turned benign
BUSINESS
Softer US CPI tailwind for Indian share market; expect FIIs to return, financials, auto to outperform
With the softer US inflation print, expectations are high that the peak of the rate cycle is reached which may lead to a Fed pivot.
BUSINESS
Will FIIs return to buy Indian equities? US Fed rate pause to benefit India but outlook cautious
Any drop in the interest rates means that more money will flow into EMs and India will be the biggest beneficiary, say market experts.
BUSINESS
Bharti Airtel Q2: Revenue may jump double-digits on increasing ARPU, subscriber addition
The company is likely to see a 10.8 percent jump in overall revenues in the quarter ended September. The near term growth looks positive owing to the growth in demand for data globally and the transition from 4Gto 5G.
BUSINESS
Mid and small-cap carnage: How to reposition your portfolio
This correction is an opportunity for investors to strengthen their portfolio, be it mid- or small-caps. The long-term outlook for midcaps remains positive as a large portion of them are domestically oriented businesses, say analysts
BUSINESS
How will the surge in US bond yields rub-off on other asset classes?
US bond yields have reached the highest level since 2007. Interestingly, in a break from tradition, gold and crude prices are also rising along with the yields, thanks to the global geopolitical uncertainties.
BUSINESS
HUL Q2FY24 preview: Inflation to hit revenue, sales growth; profit may fall as price cuts hit margins
While brokerages say the company might see a 3-5.5% revenue growth YoY to around Rs 15,000 crore, analysts project PAT to be down around 1% YoY -- at around Rs 2,500 crore
BUSINESS
Gold gleam dims amid Israel-Hamas war; is it no longer the ultimate safe haven?
Money had been flowing to the US dollar as investors fled risky assets, and to a lesser extent to gold. However, the greenback’s run of 11 consecutive weekly gains ended last week, and the safe haven preferred now is gold, which had been subdued for a while, say analysts.
BUSINESS
Oil marketing companies’ margin slump to hit Q2 net profit; strong show expected from RIL
Strong refining margins and inventory gains, however, could partly offset the slump in marketing margins of downstream oil companies, say analysts. About RIL, they said the company has showcased noteworthy resilience and growth during Q2FY24
BUSINESS
Why PSU bank stocks fell while private sector banks rose today?
After the rally in public sector banking shares , market participants looking out for other sectors to invest in, said analysts
BUSINESS
Suzlon Energy: Could Dilip Shanghvi’s cancellation of agreement mean an eventual exit?
Analysts said despite Shanghvi’s exit, there are a slew of reasons to be bullish on Suzlon.
BUSINESS
Brace for higher oil prices, trade disruptions, says JPMorgan CEO Jamie Dimon
We’ve dealt with deficits before, we've dealt with recessions before; we haven't really seen something like this, pretty much since World War II, says Dimon
