FPIs exiting equities @ $100 million per day
Foreign portfolio investors (FPIs) are selling $100 million a day of stocks even as global markets mull the possible effect of a US rate hike...
Expect more earning downgrades in near term: Saumil Shah, Bank of America Merrill Lynch
A sustained yuan devaluation could be a positive for India from inflation point of view, building a stronger case for interest rate cuts, says Saumil Shah, MD & Head (Equity Sales Trading), Bank of America Merrill Lynch.
Bharat Heavy Electricals in big trouble: Powered down by poor order flows
IT was around two years back, in May 2013, after Bharat Heavy Electricals (BHEL) announced numbers for Q4FY13 that Citibank wrote a report headlined: More Questions than Answers.
Poor FY15, but some PSUs to up spend
PSUs had a difficult time in FY15 with net earnings of 50 state-owned firms (excluding banks, oil marketing companies and MTNL) coming off by more...
India Inc’s cash flows crimped
India Inc is hard pressed for cash; collective cash flows from operations for a clutch of 56 top firms grew by just 3% last fiscal, the slowest growth in three years...
Steel firms face furnace of costs, prices, imports
With an exposure of close to $50 billion, India’s banks have a lot riding on the country’s steel companies.
New projects cool off but stalled ones reviving
Spends have been mostly on rail & road; pvt investment yet to take off
Asian paints: Colour fast, built to last
An astute pricing strategy is expected to help the paint company protect volumes and market share
Hard put, India Inc reins in staff costs
Employee costs grew at the most sluggish pace in six years last year, a time when India Inc reported its worst performance since the financial crisis of 2008...
Capital spend by India Inc to stay muted in FY16; onus shifts to govt
The onus of launching a new investment cycle and to ‘crowd in’ growth through bigger spends is on the Modi government.
Brand builder: A personal best for HUL
With aspiration levels rising, HUL’s premiumisation strategy gives its personal products portfolio a new sheen
India sentiment sours
Stocks and bonds sold off on Monday while the rupee depreciated as sentiment remained weak, reports fe Bureau in Mumbai.
Gulf widens between GDP & India Inc data
India Inc produced its weakest report card in the last six years in FY15, with earnings seeing the steepest fall since the Lehman Brothers crisis and revenue growth at a decade low.
Anaemic numbers earn India Inc a downgrade
While macro data suggests a recovery, micro data do not
Not in shape to service debt
Even as lower raw material prices provided some respite for India’s corporates last year, the interest coverage deteriorated...
Reliance Industries’s short-term investments up 61% CAGR in six years even as scrip lags
Since FY09, the Reliance Industries stock has lost 6% even as earnings per share expanded at about 6.8% CAGR. The Sensex has grown 10% CAGR in the same period. Other income, meanwhile, reported a CAGR of 27%.
Can PEs ‘promote’ Crompton?
Following Thapars’ stake sale in the consumer products business, the group’s cash cow, to Advent and Temasek, there are concerns around performance
Changing Tack: Kumar Mangalam Birla makes a style statement
On growing sales of e-commerce players, KM Birla said the impact on his business will be minimal since the brands, in each segments, are firmly entrenched.
Declining floating stocks of bluechip firms may be adding to their valuation premium
Declining floating stocks of leading bluechip companies may be adding to their valuation premium. As Indian markets witnessed their fair share...
Increase in optimism not translating into earnings delivery: Manishi Raychaudhuri, BNP Paribas Securities
Earnings growth needs to improve for investors to gain further confidence in the Indian market...
Edelweiss: In for the long haul
The NBFC hasn’t won a banking licence but that isn’t stopping it from scaling new heights in retail financial services
Market outlook: Rangebound to negative
The insatiable appetite of foreign investors for Indian equities, which helped the markets scale multiple record highs...
Piling up debt
Several top corporates could end FY15 considerably over-leveraged following the increase in net borrowing levels in Q3FY15...
Union Budget 2015: ‘Super-rich’ firms will pay bulk of surcharge
Individuals to pay just R1,100 cr of R9,000-cr extra collection
Big-bang Budget unlikely due to limited fiscal headroom: Gautam Chhaochharia
The fiscal headroom is very narrow for the government to make big-bang announcements in the Budget, says Gautam Chhaochharia...
Critical for Budget to spur economy; populism to hurt mkts: Andrew Holland, Ambit Investment Advisory
Market players expect the Budget to be a defining moment that will kickstart the economy...
Budget day to see thin trade even as bourses stay open for business
While the Indian equity market is set to remain open this Saturday as the government announces its annual Budget for the fiscal 2015-16...
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