companies 2

April 16, 2021 08:59 AM IST

Why TCS trades at a premium to Infosys despite lagging in revenue growth

Attrition rose sharply at Infosys and the company alluded to moderation in profit margins in FY22. Meanwhile, TCS is displaying resiliency in its profit margin

Piramal Retail Finance to venture into consumer financing through fintech tie-ups

Via tie-ups with fintech firms, Piramal Retail Finance will enter segments such as used car loans, digital personal finance, and secured lending to small businesses, Jairam Sridharan, CEO, Piramal Retail Finance, said on April 15.

Infosys – Will its valuation discount to TCS widen, post Q4 FY21?

Should there be a correction in the stock of Infosys, it deserves to be added as a value pick.

When it comes to SMEs, the smaller are the most vulnerable

Without formalisation, five out of every six MSMEs are losing out on benefiting from government schemes. A national drive in mission mode for Udyam registrations can fix this

Telangana records 3,052 new COVID-19 cases, 7 deaths

The total number of cases stood at 3,32,581 while with 778 patients being cured, the total recoveries were at 3,06,678. The state has 24,131 active cases and over 1.13 lakh samples were tested on Monday. Cumulatively, over 1.11 crore samples have been tested.

4,971 new COVID-19 cases in Thane, 26 more deaths

Tata Chemicals' transformation faces hiccups in soda ash business

Resurgence in COVID-19 infections and slowdown in end user markets can delay recovery in its soda ash business

TCS: Why a fully discovered stock will continue to attract investor attention

We see strong tailwind for this technology bellwether that should translate into steady predictable earnings growth. TCS is a core portfolio stock to be added on every decline

Punjab National Bank launches PNB@Ease: Customers do not need to visit branch to open accounts, avail loans

The service can range from savings accounts opening to availing various loans and more, without visiting a branch or help from the bank employees, PNB said in a statement.

Online travel marketplace ixigo picks Kotak, I-Sec, Axis and Nomura as I-bankers for 2021 IPO

On April 5, 2021, Moneycontrol was the first to report that ixigo was planning to go public in 2021 and looking to raise Rs 1,500 crore to Rs 1,800 crore via the IPO.

Can Equitas continue to outperform its peers?

Existing investors of Equitas SFB should pocket the gains and wait on the sidelines for a more meaningful correction to take hold

WeWork India raises Rs 200 crore from investors to grow business, become profitable in 2021

Bengaluru-based WeWork India, which provides flexible workspace to corporates and individuals, sold 10,000 desk during the January-March quarter comprising about 7 lakh sq ft office space.

Zomato comes under fire as restaurateurs object to policy penalising for order rejection

The food aggregator also pointed out that in all the rejected order cases, the company passes on all the collected refunds to the customers.

The Reading List: April 9, 2021

A selection of articles and social media gems from the world of economy, business and finance

Business in the week ahead (April 12-16, 2021)

TCS, Infosys, Wipro will release their earnings for the March quarter. Inflation, China GDP are the other key data points to watch out for

AC, solar PLIs will nudge backward integration; sustained support crucial to build industry base

The PLI schemes coupled with the hike in import duties will encourage backward integration. Companies already in components and contract manufacturing are better placed to avail of the incentives

ChrysCapital to invest $50 million in WOW Skin Science

"ChrysCapital has agreed to invest USD 50 million in the company for a significant minority stake. The transaction is a combination of a primary raise by the company for growth initiatives, and a secondary sale by existing shareholders," WOW Skin Science said in a statement.

What prompted Tata Steel to rejoin Indian Steel Association a year after its hasty exit?

Tata Steel had exited the association after differences with other steelmakers on a contentious mines issue. Does it mean that all are on the same page now?

SIM-Swap fraud: ICICI Bank issues advisory for customers to prevent from it

The ICICI bank has advised: 'never share your contact details publicly on any social media platform as it is sensitive personal information'

LIC Housing Finance is likely to get re-rated

Investors can go with LICHF, given its rock bottom valuation and relative underperformance

RBI expands digital wallet limit to Rs 2 lakh, allows interoperability of Prepaid Payment Instruments

Money transfer facilities such as NEFT and RTGS have also been extended to non-bank payment system operators such as Paytm, PhonePe and others

COVID-19: Getting a jab in offices is a good idea, but where are the vaccines, ask executives

That is just one of the questions that professionals ask of the government's decision to allow companies to get their employees vaccinated at workplace

What global M&A trends tell us about Adani Ports consolidation strategy

There is a growing trend of consolidation among ports and terminal operators worldwide. Firms are trying to build integrated business offering related services

IPO News | Walmart’s Flipkart Eyes $10 Billion IPO In The 4th Quarter Of FY2022

Walmart’s Flipkart is aiming to roll out its Initial Public Offering (IPO) in the fourth quarter in the United States

Indian market leads global aviation recovery, will create 90,000 more jobs by 2030, says Boeing

Indian market will need 2,200 new aircraft by 2030, the US aircraft manufacturer said