FMCG major Marico is expected to report a moderate growth in net sales in the range of 1.7-3.6 per cent for the fiscal fourth quarter ended March 31, 2023 on the back of dip in India business. “Marico is likely to see muted sales growth of 1.7 per cent in Q4 mainly due to expected […]
Indegene Ltd, a healthcare tech firm focused on the global life sciences industry, has filed preliminary papers with capital markets regulator Sebi to raise as much as Rs 3,200 crore through an Initial Public Offering (IPO). The IPO comprises a fresh issue of equity shares worth up to Rs 950 crore and an Offer For […]
By Siddhant Mishra Indian equities slumped on Wednesday, amid the worsening Covid situation in China and a spurt of cases worldwide. The government’s directive to states to start tracking positive cases, weighed on sentiment. Sun Pharma rose 1.6%, leading the Sensex pack, with IT players HCL, Tech Mahindra, TCS, Wipro, and Infosys all closing in […]
Crude prices rose for a third day in early Asian trade on Wednesday as a halt to some exports from Iraqi Kurdistan raised concerns of tightening supply and market sentiment improved as fears of a banking crisis eased. Brent crude futures rose 42 cents, or 0.5%, to $79.07 a barrel at 0046 GMT. West Texas […]
One 97 Communications, the parent company of fintech firm Paytm, officially confirmed that there would be a ‘minor reduction’ in its workforce. The company said that the layoffs are part of cost-cutting initiatives. However, a spokesperson for the company rebuffed recent media speculations that had said that the non-bank lender might eliminate over 1,000 positions. […]
As the end of the financial year approaches, Indian share markets continue to trade deep in the red, with Nifty even slipping below the psychological support level of 17,000 this week. However, experts say that the current correction is an ideal time to accumulate stocks for the long-term at reasonable valuations, despite the geopolitical tensions, […]
By Amit Kapoor, There is an oft-repeated analogy that compares the size of certain Indian states with that of European nations. It is not just the size of India that stands out; the heterogeneity within this vast landscape is noteworthy. India has traversed an exciting trajectory, especially in the post-reform period. One of the many […]
In the world of private equity, money needs to find a home and many PE firms believe they know how to choose the right one. But talk to promoters of companies that these PE firms invest into and the ask is for a clear differentiator well beyond just an ability to “provide capital.” It is […]
As the festival Akshaya Tritiya draws near, the most auspicious day to purchase gold according to the Hindu tradition, gold prices are trading close to all-time highs. While gold disappointed investors in 2022, a slew of concurrent global factors gave rise to the yellow metal’s prices across the world so far this year. Ravindra V […]
Post merger between Shriram Transport Finance (SHTF) and Shriram City Union Finance (SCUF), loan book of the merged entity, Shriram Finance rises by 27% and the portfolio is more diversified. We revise our FY23-25 EPS by -4%/4% factoring in the merger. We believe AUM should grow at 15% CAGR over FY23-25e, but with some NIM […]
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