CloudExtel’s management will remain unchanged post the deal though the workforce count is expected to rise from 350 to about 1000 over the next five years.
Axis Bank on March 1 completed the acquisition of Citibank’s consumer business
Tata Consultancy Services on Monday said its attrition rate in the July-September period had jumped to 21.5 percent versus 19.70 percent quarter-on-quarter.
In an exclusive interview with CNBC-TV18, Aditya Suresh of Macquarie Capital Securities spoke at length about the disinvestment process and how the assets of BPCL will fit the global energy majors.
Market valuations can get further extended on expectations of reforms though he believes these elections have not opened incremental room for legislative actions.
Discussing the impact of the move, Rakesh Arora, Head of Research - India, Macquarie Capital, said the government‘s steps taken on coal blocks is a positive for the industry
Overall market set-up continues to remain very weak, so there is high chance of the Nifty breaching 5,700 level soon, cautioned Gautam Shah of JM Financial. On the other hand, Rakesh Arora of Macquarie Capital doesn‘t see the Nifty correcting beyond 4-5 percent from here on.
Rakesh Arora doesn't expect the Nifty to correct more than 1-2 percent from the current levels.
Inderjeet Singh Bhatia of Macquarie Capital Securities believes Crompton has been struggling with its operational performance. Although, the management seems to be indicating that the worst is behind them, he feels the company must give more evidence of a turnaround to enhance its prospects in the market.
In an interview with CNBC-TV18, Unmesh Sharma of Macquarie Capital Securities says he has an ‘outperform‘ rating on Prestige Estate and DLF. He is also positive on Oberoi Realty, HDIL and Sobha Developer.
Mark Matthews says the real estate sector can be valuable after few years and even recommends buying into that space with 2-3 years horizon. Owing to its low debt-equity ratio, Matthews's top pick from the sector is Prestigeous Estates
Mark Matthews at Macquarie Capital Securities said that the US economic data has been performing better than expected with the fear of double dip recession in US rapidly receding. However, this may augur as bad news for India he said as he feels India may not outperform when global economic data is strong.