Author: Stocks

Markets are looking forward to a low inflation rate in FY24. However, this will mainly benefit the rural economy. Global challenges seem to be finally catching up with India as it is reflected in brokerage firm Nomura’s analysis of the disappointing growth numbers from the country’s December-quarter (Q4) performance. The firm anticipates a slowdown in growth […]

The company has received approval from the US Food & Drug Administration (USFDA) to market Docetaxel Injection in multiple dose vials, the drug maker said in a statement. PTI March 01, 2023 / 03:00 PM IST Alembic Pharma ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ […]

Dan Rosensweig Dan Rosensweig, President and CEO of Chegg, is joining Asia’s Edtech stalwart upGrad’s Board of Directors as an Independent Non-Executive Director. “I am excited to be joining upGrad’s Board of Directors as there has never been a better time to provide accessible and flexible higher education and skills training to learners around the […]

Banks The gross non-performing assets (NPA) ratio of banks is expected to improve to 3.3 percent in next financial year from 4.2 percent in FY23, India Ratings said. A loan turns to NPA if there are no repayments of interest or principal for a period of 90 days. Private bank’s gross NPA is seen improving […]

Our specially curated package of the most interesting articles from this morning Here are the top stories this afternoon: Has India’s GDP taken a turn for the better or worse? Depends on how you look at it India’s economic growth is slowing. The question is how badly. The October-December GDP growth of 4.4 percent was […]

The company in a regulatory filing has also “vehemently” denied media reports alleging bogus transactions undertaken by it, seizure of evidence, irregularities running in thousands of crores and huge unaccounted income. PTI March 01, 2023 / 12:37 PM IST Uflex ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] […]

Representative Image The Goa Investment Promotion Board (IPB) has approved a “mini-India theme park” and five other projects worth Rs 310 crore which would also generate employment for nearly 2,500 people, state Industries Minister Mauvin Godinho has said. The board after a meeting on Tuesday gave approval to the Pune-based Bramhacorp Theme Park LLP to […]

Workers offload water bottles from a pickup truck outside a Starbucks Coffee “A Tata Alliance” store, operated by Tata Starbucks Ltd., in the Brigade Road area of Bangalore, India on Sunday, May 3, 2015. India’s Finance Minister Arun Jaitley is striving for a goods and services levy to subsume a range of federal and state […]

In a statement, the bank said the loan is of USD 500 million of primary issue and an equal amount in greenshoe option. It is also the maiden such issuance from the nation’s largest lender. SBI ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ […]

Jugeshinder Singh, chief financial officer of Adani Group, speaks during an interview ahead of an investor roadshow in Hong Kong, China, on Tuesday, Feb. 28, 2023. The crisis-ridden Adani Group is moving an investor roadshow to Hong Kong Tuesday, continuing its charm offensive to ease concerns about its financial health and corporate governance induced by […]

The US Food and Drug Administrator (FDA) has listed eight observations in the Form 483 it has issued to Cipla following recent inspection at the Pithampur facility. CNBC TV-18 has gained access to the observations. Cipla has failed to establish, write, and follow any preventive measures for microbiological contamination, appropriate controls over computers and related systems […]

Tesla’s Chief Executive Officer Elon Musk tweeted about convening Tesla’s first Investor Day event. The event will take place on March 1st at Tesla’s Gigafactory in Austin, Texas. Musk has said  in his tweet the event is for “people and life of earth,” adding that “it will be a message of good hope & positivity for […]

An employee holds a Wendy’s food order at a Rebel Foods Ltd. cloud kitchen in Noida, India, on Friday, March 12, 2021. Wendy?s Co. has a deal with India?s Rebel Foods to open about 250 so-called cloud kitchens across the country, in an effort to serve customers through delivery rather than the traditional fast-food stores. […]

Apple supplier Foxlink’s factory in southern India is unlikely to resume full operations for two months after a fire incident, raising concerns of supply chain disruptions for the iPhone maker, a source with direct knowledge told Reuters on Tuesday. The facility in the Chittoor district of India’s Andhra Pradesh state, where Foxlink makes charging cables […]

In a statement, the bank said the loan is of USD 500 million of primary issue and an equal amount in greenshoe option. It is also the maiden such issuance from the nation’s largest lender. SBI ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ […]

Ola New Delhi city authorities have warned Uber and its rival Ola for allegedly violating local transport rules by providing two-wheeler bike taxis, a senior government official told Reuters on Tuesday. The transport department of India’s capital on Feb. 19, issued newspaper ads asking digital companies to “immediately stop” allowing personal bike taxis that offer […]

Shares traded lower as CFO Yogesh Patel tendered his resignation which will be effective from March 10 Mahindra Logistics: Mahindra Logistics’ Yogesh Patel resigns as CFO, to pursue his professional interests outside Mahindra Group. He will be relieved of his duties on March 10 this year. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ […]

There are multiple factors that make Mas Financial’s business an interesting proposition despite intense competition PRO Only Highlights–  Quarterly performance largely backed by improved realisations–  Medium-term triggers China plus and protectionist measures for tyre industry–  Valuations not inexpensive; but improved medium-term outlook Highlights Improved earnings trajectory post pandemic AUM growth accelerates to 30 percent […]

The rally in India’s largest consumer stocks has likely run its course as margins are near historical highs and the firms appear reluctant to boost investment, according to one of the nation’s biggest money managers. “We think earnings growth will disappoint,” said Anish Tawakley, who oversees about $ 4.8 billion as deputy equity chief investment […]

The company has received approval from the US Food & Drug Administration (USFDA) to market Losartan Potassium tablets in strengths of 25 mg, 50 mg, and 100 mg, Granules India said in a regulatory filing. PTI February 27, 2023 / 11:51 AM IST Pharma ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // […]