Dabur India Ltd’s Capital Markets Day 2023 event has hardly evoked any response from investors with the stock being flattish over the past two days.This is not surprising as the fast-moving consumer goods (FMCG) company has laid down some targets, the results of which can be evaluated only after someRead More →
Among a slew of new measures to woo investors to the Chinese stock markets, Beijing has cut the stamp duty on stock trades and also vowed to slow the pace of initial public offerings (IPOs). According to a Bloomberg report citing the Chinese ministry of finance, the levy charged on stockRead More →
The wait is over for investors in the Coforge Ltd stock. On Thursday, the midcap inform-ation technology (IT) services comp-any said existing promoter HULST B.V. (Baring Private Equity Asia) sold its entire 26.63% stake in Coforge. This development allays some investor concerns and is sentimentally positive. As analysts from Nuv-amaRead More →
Infosys Ltd has significantly lowered its revenue growth guidance for FY24 and this is likely to come as a rude shock for investors. Yes, the information technology (IT) company was widely anticipated to trim its guidance for the year given looming recession fears. However, the actual cut is deeper-than-expected, toRead More →
Last week HDFC Life Insurance Co. Ltd received approvals from the Competition Commission of India and Insurance Regulatory and Development Authority of India to raise shareholding in it by the merged entity (HDFC and HDFC Bank) to more than 50%. The increase in stake would be done over a periodRead More →
Public shareholders in listed firms displayed an increasingly active role in the latter’s board decisions over the past week, reflecting an improvement in shareholder activism. Proxy advisory firm Institutional Investor Advisory Services (IiAS) said in a report on Monday that multiple voting outcomes over the last week reveal the decisionsRead More →
MUMBAI : Over 800 corporates and institutions mobilised a record ₹8.3 trn of funds through private placement of corporate bonds in FY23, amid overseas borrowings turning pricier and higher interest rates at home, according to Prime Database. Private placement refers to sale to pre-selected investors instead of a sale in theRead More →
Mumbai: The bear onslaught on 10 technology stocks comprising the Nifty IT index wiped ₹1.03 trillion off investor wealth, with Infosys Ltd alone accounting for a little more than half of the losses, following a slew of price and ratings downgrades after the software major disappointed investors with its salesRead More →
While investors have flocked to tech in the market shakeup amid recent banking turmoil, the rotation is at odds with analyst calls for the steepest drop in quarterly profits for the sector since at least 2006. Nearly 60% of the 367 respondents surveyed by Bloomberg said the bounce in theRead More →
Mahindra & Mahindra Financial Services Ltd (Mahindra Finance) has ended FY23 on a good note. Its latest business update shows that the vehicle financier saw as much as 80% year-on-year (y-o-y) rise in disbursements in FY23. This was driven by healthy credit offtake in the industry. To some extent, aRead More →
