Feb 14, 2017 10:00 AM IST
CLSA has downgraded HPCL to sell from outperform, with increased target price at Rs 540 from Rs 480 and EPS for FY17 by 8 percent & by 1-2 percent for FY18-19. Core refining margin was disappointing for third straight quarter, the brokerage house says, adding it relaxed EV/EBITDA multiple to 7.5x from 7x earlier.
- Feb 13, 2017 10:18 AM IST
Morgan Stanley is underweight on Bank of Baroda, with reduced target at Rs 125 from Rs 135 as valuation is expensive in the context of weak earnings progression. Share price will fall relative to the industry over the next 30 days, it feels.
- Feb 10, 2017 09:51 AM IST
CLSA says Power Grid's best is yet to come in terms of capitalisation and estimates 50 percent rise in regulated equity over FY16-19. The brokerage house has reiterated buy call on the stock, with increased target at Rs 238 from Rs 225 as it feels valuations are inexpensive despite a 39 percent rally in one year.
- Feb 02, 2017 02:02 PM IST
According to the global financial services major, fiscal consolidation in 2017-18 is mainly driven by a reduction in expenditure, particularly current spending.
- Jan 23, 2017 04:02 PM IST
The firm, which was acquired by Warburg Pincus in 2008 for 565 million pounds (USD 695.57 million) could fetch around 640 million pounds, including debt, at a multiple of around eight times core earnings, two of the sources said.
- Jan 23, 2017 02:48 PM IST
An SBI internal research report, Ecowrap, has pegged in a "fiscal deficit target of Rs 5.75 lakh crores for the financial year 2017-18, at 3.4 percent of GDP." Fiscal deficit for the financial year 2016-17 is Budgeted at 3.5 percent.
- Jan 20, 2017 09:28 PM IST
The cuts affect bankers at managing director and director level in the lender's Global Banking and Markets division, the sources said, declining to be identified due to the sensitivity of the matter.
- Jan 19, 2017 08:28 AM IST
The US bank is considering halving its London staff to 3,000 and moving key operations to New York and continental Europe, particularly Frankfurt, the paper reported.
- Jan 16, 2017 04:30 PM IST
Speaking to CNBC-TV18 Caesar Maasry, Head of emerging market equity strategy at Goldman Sachs said that the underperformance of emerging markets is closer to its end and expects them to do well in the second half of 2017.
- Jan 11, 2017 01:54 PM IST
Bank of America Merrill Lynch ratains buy call with a target of Rs 1373 per share. It estimates FY17/18 net profit growth of over 27 percent.
- Jan 08, 2017 02:50 PM IST
Pepperfry, the largest online furniture and home product marketplace, has set a target of achieving breakeven over the next three years when the five-year-old startup expects a GMV of around Rs 3,500 crore.
- Jan 05, 2017 08:34 AM IST
We expect total 10 percent returns from MSCI Asia Pacific ex-Japan, driven primarily by recovering earnings, says Timothy Moe of Goldman Sachs.
- Dec 30, 2016 03:08 PM IST
The Competition Commission has approved the proposed acquisition of a minority stake in TVS Logistics Services by CDPQ Private Equity Asia Ltd.
- Dec 22, 2016 09:45 AM IST
Credit Suisse says it remained cautious on the cement space as commentary from cement companies turned more negative.
- Dec 22, 2016 08:02 AM IST
Indian indices are most likely to open flat tracking mixed global cues. The SGX Nifty wad down 25 points to 8052.
- Dec 21, 2016 10:20 PM IST
The CFTC said in a statement that Goldman Sachs Group Inc attempted on "many occasions" from January 2007 to March 2012 to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix benchmark.
- Dec 21, 2016 05:24 PM IST
Indian economy has outperformed in recent years but the near term growth risks for the country is on the downside relatively to a lot of consensus estimates, according to Goldman Sachs.
- Dec 21, 2016 10:00 AM IST
India-born former Goldman Sachs
director Rajat Gupta, who is arguing in appeal that the
government lacked evidence to show he "received even a penny"
for passing insider information, has disagreed with a US
Supreme Court ruling that sharing corporate secrets is illegal
even if the tipsters did not receive anything in return.
- Dec 19, 2016 08:00 AM IST
ndian benchmark indices are likely to open flat tracking global events. SGX Nifty at the time of writing was down 17 points at 8130. Asian shares were a mixed bag on Monday with Tokyo up slightly on better-than-expected November trade data for imports and exports.
- Dec 12, 2016 12:38 PM IST
The Organization of the Petroleum Exporting Countries (OPEC) had previously agreed to cut output by 1.2 million barrels per day (bpd), and on Saturday, 11 non-OPEC producers agreed to join the effort and reduce output by 558,000 bpd.
- Dec 06, 2016 10:42 AM IST
India's economy is forecast to grow 7.5 percent in the financial year through March 2018, according to Deutsche Bank. Goldman Sachs pegged the number higher at 8.6 percent.
- Dec 06, 2016 08:58 AM IST
LIC, the largest shareholder of the stock exchange, will not be selling its stake. The top contributors for the IPO are three FIIs (Foreign Institutional Investors).
- Dec 02, 2016 02:38 PM IST
With maintaining Maruti Suzuki, Eicher Motors and Tata Motors as preferred picks in auto sector, Nomura said for Tata Motors, China luxury tax impact on EBITDA is likely to be less than 1 percent even if around 20 percent of buyers switch from Range Rover to Range Rover Sport.
- Dec 02, 2016 09:04 AM IST
The recruiters from day one of placement season included names like Microsoft India, Oracle India, Goldman Sachs, Credit Suisse. It also included start-ups like Uber India
- Nov 29, 2016 10:38 AM IST
Sheela Foam, the maker of Sleepwell brand of mattresses, has received Rs 153 crore through anchor investors' portion on Monday.