Companies Business News

May 18, 2022 05:40 PM IST

Bharti Airtel: Will Tariff Hikes Continue To Aid Future Performance?

The SOTP valuation indicates a nearly 22 percent upside on the current market price of Bharti Airtel. MC Pro recommends accumulating the stock with a long-term view. Here’s why

Cineline India makes a new screen play

Making a comeback to the exhibition business, the company plans to add 100 screens a year, is open for merger

CXOs pay hike in India expected to be 8.9% in 2022, highest in 6 years: AON

While startups are likely to give or are giving up to 9.5% hike to CXOs this year, it is 9.3% in manufacturing, and 9.2% in IT and ITes sectors

Ruchi Soya to be named Patanjali Foods after acquisition of Patanjali Ayurved’s food business

The company told exchanges that the board of directors had approved the transfer of the parent company Patanjali Ayurved’s food business to Ruchi Soya

If aluminium inventories are falling, why are prices not rising?

Aluminium inventories have reached a 17-year low but the metal's price has weakened alongside due to macro reasons

Tata in buyout talks with as many as five consumer brands

A “significant amount” of the Mumbai-based firm’s future growth will come from inorganic expansion, Tata Consumer Products’ Chief Executive Officer Sunil D’Souza said in an interview.

Why should investors consider IIFL Wealth despite volatile capital markets?

In the recent correction in the equity markets, IIFL Wealth’s stock has fallen to Rs 1,550 which is 7 percent lower than the Bain’s acquisition price

Aether Industries IPO opens on May 24

The IPO consists of a fresh issue of Rs 627 crore and an offer for sale of up to 2.82 million shares by its shareholders and promoters

Stellantis to launch its first EV in India under Citroen brand next year: CEO Carlos Tavares

The group, which was formed by the merger between Italian-American conglomerate Fiat Chrysler Automobiles and French PSA Group, plans to bring EVs in both the compact sub-four metre segment and multi-purpose/sports utility vehicles segment in India.

MC Interview | Employee loyalty doesn’t exist, the contract between a company and employee is now very short: Shiv Shivakumar

The former chief of PepsiCo in India talks about the changing nature of careers and how youngsters will not respect age but will revere relevance and impact

Dr Lal Pathlab misses Q4 estimates; shares hit 19-month low

The stock dropped to Rs 2022.55 apiece today- a level last seen on 16 October 2020. This is the fourth consecutive session where the stock has been trading in the red zone.

Aramco-style dividend is what LIC investors seek post flop debut

The 65-year-old insurer, a household name in the country known as LIC, raised $2.7 billion last week in the country’s biggest initial public offering.

Why the best is yet to come for luggage companies

Both these entities have strong balance sheets and we expect healthy earnings CAGR for VIP and Safari in the coming two years

MC Insider: Startup troubles, merger buzz, unions up in arms, creative cloud and more

JPMorgan shareholders reject special $52.6-million payout to CEO Jamie Dimon

While say-on-pay votes are only advisory and Dimon, 66, is expected to keep the award regardless, they are closely followed as a test of investors’ attitudes toward executive pay.

Bajar Gupshup | Benchmarks ended higher for second consecutive day; Nifty closes above 16,250

Benchmark indices ended higher for the second straight day with the Nifty closing above 16,250. At close, Sensex was up 1,345 points, and Nifty was up 417 points. All sectoral indices ended higher with the metal index gaining over 7 percent and all others up between 1-3 percent.

BofA revises Nifty target to 16,000 from 17,000, cites faster rate-hike risks

BofA, however, estimates rural demand could now be close to a bottom, with a recovery likely in one or two quarters

Multiples PE-led consortium to buy 9.3% in BDR Pharma for Rs 685 crore

BDR Pharmaceuticals will use the funds to build additional research and development capabilities in current and emerging areas

Market surges over 1.6%, 4 factors pushing Indian shares higher

Investors will closely monitor the earnings report and the US Federal Reserve chair’s speech scheduled later today

After committing $955 million on buys, Tech Mahindra to focus on integrating companies

The Mahindra Group company, with revenues of nearly USD 6 billion in FY22, will look at acquisitions in an opportunist way in the new year, its chief of strategy Jagdish Mitra told PTI.

Hero Electric ties up with RevFin to provide loans to EV riders

The partnership aims to finance and lease 2.5 lakh vehicles over the next three years, the company said in a statement.

Rays Experts to commission world's largest solar park in Rajasthan

The 9000-acre solar park will be built in Bikaner, Rajasthan.

No tax on $6.38 billion transaction with Adani Group, says Holcim

Holcim had on Sunday signed a binding agreement with the Adani Group to sell its business in India -- about a 63 per cent stake in Ambuja Cement, which owns a 54.53 stake in ACC (of which 4.48 per cent is direct shareholding).

PPL IPO: Play on import substitution of non-urea fertilisers

PPL’s EV/EBITDA multiple of 5.6x is at a significant discount to its closest peer, Coromandel International, and closer to GSFC, which trails PPL in terms of return ratios by a margin.

Is this the right time to bottom-fish?

Long-term investors should have a staggered approach to invest in this market