In the words of Peter Navarro, director of the White House National Trade Council, the US can institute tariffs on foreign goods without starting a global trade war or violating WTO rules.
The government has also started work on reviving closed urea manufacturing plants to ramp up production by 2022, in order to reduce imports of fertilizer.
The issue is primarily to comply with the RBI’s new bank licensing norms that require the entity to get listed within three years of start of banking operations.
Stock is trading at an attractive valuations 5.5 times its FY19 estimated enterprise value to EBITDA and 1.5 times its book value
Maharashtra has a lopsided allocation of resources that favors certain crops and orphans others, which further aggravates the issue of farmers' incomes.
Amid the turmoil in the banking sector, small & niche financiers such as AU Small Finance and MAS Financial with a strong track record grabbed our attention.
Both equity and bond markets are jittery with banks fraud expanding and banks hitting the brakes. Strong and visible action is the only way out of the current mess.
The government is proposing to cut the price of the BT cotton seeds (Bollgard II) from Rs 800 to Rs 740 per packet (450gm packets). While the move would provide some respite to cotton farmers, it stands to eat away margins of seed companies.
We expect Thirumalai Chemicals' near term volume growth to come from increased capacity for food acids, fine chemicals, the improved operations from Malaysian subsidiary, followed by increased capacity for Phthalic Anhydride (+60,000 MT in 2019).
As the mercury rises, some companies can look forward to strong earnings traction in the quarters ahead.
With the impetus on rural economy in an election year and continued focus on infrastructure in select pockets, CV and tractor segments should have a strong run going forward.
The reason why buyers are interested in Jaypee Infratech is because of the Yamuna Expressway, which is generating toll revenues of Rs 293 crore annually.
Today, there is an increasing realisation that most state-run banks do not have the requisite skills for complex credit underwriting.
Raw material prices have surged recently mainly on account of global supply chain constraints for MDI in 2017. In the current year, however, raw material prices can stabilize due to improving supply and the expectations that oil prices would settle at current level.
In light of recent events in the banking sector, is it time yet to go bottom fishing or should one still exercise caution?
Investors may consider Beekay Steel, Grauer & Weil (India), Kesar Petroproducts, Shivalik Rasayan, Soril Infra, and Ucal Fuel for accumulation in the corrective phase of the market.
With completion of the restructuring, the company is now positioned to focus on expansion of core segments amid rapid growth
The real interest rate differential is shifting in favour of the US market, making the latter a relatively-attractive destination for the portfolio flows.
Assuming the growth rate suggested by Nasscom is realistic, it still is not good enough to justify higher valuations for IT stocks.
Safari has become a serious challenger in the past few years especially in the value segment with its aggressive growth strategy.
With rising crude prices, cost efficiency of natural gas, environmental concerns, policy framework changes and budget allocations, the gas distribution companies are positioned for a strong uptick in volumes.
A contingent liability (CL) is defined as a liability which may or may not arise depending on the outcome of a specific event.
Amid few hits and misses, the overall performance of industrial machinery companies was encouraging.
Moneycontrol Research maintains the view that Bodal Chemicals is on an accelerated growth path for the next few years.
RBI’s recent circular on non-performing assets would mean provisions by banks towards bad loans staying elevated for at least three more quarters.