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Known for his distinctive long hair and three-piece suits, the convict Bill Pallot has been described by magazine Vanity Fair as 'the world's leading expert on the works of 18th-century France'.
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After its disheartening sales record earlier this week, Robert Sansom, who has worked at the store for the past 13 years, took to Twitter to share a picture of the empty bookstore, which went viral.
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Ujjivan had raised Rs 264.74 crore from anchor investors during its initial public offering. The investors included Birla Sunlife Trustee Company, ICICI Prudential, UTI Mutual Fund, Reliance Capital , Sundaram Mutual Fund, Tata Mutual Fund, HDFC Standard Life Insurance, Bajaj Allianz Life Insurance, Reliance Life Insurance, among others
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Digant Haria, AVP - Equity Research, Antique Stock Broking, believes the easy money has been made in the stock following the gains and that going forward, only long-term investors should get into it.
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Railway minister Suresh Prabhu, in his previous Budget, had said he envisages an investment of Rs 8.5 lakh crore over the next five years to achieve his stated goals
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At the Antique India's Build India, New India Investor Conference 2016 eminent panellists talked and discussed in-depth about pharmaceutical sector.
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Watch accompanying videos of Antique India Conference 2016, wherein eminent guests like Dilip Shanghvi, MD of Sun Pharmaceutical Industries, Adi Godrej, Chairman of Godrej Group and Sanjay Nayar, CEO of KKR India expressed their views about Budget and economic reforms in India.
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Crisil thinks Q3 will be 6th consecutive quarter of single-digit topline growth. It expects Q3 revenue growth to be a tepid at 2 percent and sees a 60-70 basis points (bps) decline in the overall EBITDA margins.
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Nomura feels overall USD revenue growth is likely decelerate to 8.5 percent Y-o-Y posting ninth straight quarter of deceleration from a peak of 15.4 percent Y-oY. Cross currency moves will again likely hit USD revenues by 30-60 bps across tier 1 IT companies.
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Maruti remains to be top pick of UBS, stating that there is no risk of capital misallocations but only a difference in timing of cashflow. Maruti disclosed the Contract Manufacturing Agreement (CMA) it is entering into with Suzuki Motor Gujarat (SMG – the Gujarat plant which will be set up by Suzuki Motor Corporation).
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Though Prabhudas Lilladher agrees that US poses a potential threat if the Volkswagen's fiasco extends beyond North America, it believes that with strong order pipeline, continued debt reduction and improvement in subsidiary profitability, long-term outlook of Motherson Sumi remains bright.
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Credit Suisse feels that bank conversion for SKS would have led to a high 36 percent dilution (USD 260 million issue) which would have been an immediate negative on the stock.
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Morgan Stanley has downgraded the stock to equalweight from overweight and slashed target price to Rs 480 from Rs 550 per share.
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With a target price of Rs 1100 per share, BoA ML says that ‘what is on the books, in most instances it is very well collateralised and secured not only by cash flows, but also, shares, other assets, but also fixed deposits, which is not yet reported, as collateral cover‘.
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BNP Paribas has downgraded the stock to reduce and slashed target price by 31 percent to Rs 600 per share. It has also cut FY16-18 dollar revenue estimates 5-11 percent, EBIT margin 120- 310 basis points and earnings per share (EPS) by 11-23 percent.
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According to the brokerage, acceptance of the new formula for FY16, short-term upside in Brent and return of Ratna/R-Series block are the near-term triggers for the stock. However, a sharp fall in oil price may be a potential risk.
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CLSA has a sell rating on the stock with a target of Rs 360 per share and slashed earnings per share (EPS) by 8-11 percent factoring in lower crude and lower gas trading profits. Expecting a downgrade, it says GAIL's gas transmission volumes may remain subdued in next two years. It feels long term LNG contract with Qatar remains a big risk.
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Antique has set a target price of Rs 535 per share on exceptionally strong operating performance. It estimates a 36 percent AUM CAGR over FY15-17. It also feels that a bank license if granted by RBI will be a game changer for the stock.
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Antique has downgraded the stock to sell with a target price of Rs 113 per share. It has also slashed FY16-17 revenue and earnings estimates by 8-12 percent and 49-38 percent respectively.
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Natco Pharma has been buzzing for the sixth consecutive day on Friday following approvals to launch hepatitis drug in India & Nepal as well as US court's decision on Tamiflu drug. The stock rallied 10 percent intraday to hit a new high of Rs 2,264.
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Sajjan Jindal, Chairman & MD, JSW Steel says with iron-ore and mining ordinances, it has become very clear that now it will be through the auction route, through a transparent route. So, I think over the next two years, all these large projects which are mineral based will get sorted out.
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Dhirendra Tiwari also expects good opportunities in sectors like banks, capital goods and automobiles in 2015.
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Most brokerages have maintained that Reliance Industries business profile is poised to improve going ahead with minor hiccups.
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PTC India‘s bottomline got a boost from Rs 73 crore of net realisations from surcharge (amount overdue on sale of power), its CMD Deepak Amitabh said.
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Container Corp is one of the top mid cap picks by Kotak Securities. The broking house says the company will benefit from higher export volumes due to falling rupee and an improvement in global demand.
