The brokerage also pointed out that Zee appears to have secured the rights at a relatively attractive valuation. According to reports cited by CLSA, the company paid less than $60 million for the package, lower than the nearly ₹450 crore…
Gunjan Prithyani, Senior Analyst-Automobiles & Auto Components at BofA Global Research warns of near-term pressure on auto sector margins from higher steel and metal prices, while affordability risks could impact entry-level vehicle demand.
DEE Development Engineers has secured contracts worth ₹206.55 crore for the supply of critical piping assemblies from a public sector Maharatna EPC conglomerate in the power sector. The orders will be executed over the next two to 15 months.
Coforge shares were trading 5.7% up at ₹1,545 on Tuesday. The stock has gained 34% in the past month, trimming its year-to-date losses down to 7%.
Indian rupee opens weaker at 95.06 against US dollar as high crude prices and foreign fund outflows weigh on sentiment, RBI steps in to curb volatility.
Anant Raj said the agreement was to establish a framework of collaboration and co-operation between the firm and HEPC, department of information technology, electronics and communication, Haryana State Electronics Development Corporation, Citizen Resource Information Department, Department of Industries and commerce,…
CLSA described Lenskart as a leading eyewear brand in India that is well-positioned to cater to the country’s affluent urban consumers as well as emerging middle-income cohorts, while continuing to offer affordable products for the mass market.
Nomura said the competitive landscape in India is consolidated and pricing is disciplined. It said players such as ABB India, Siemens, Hitachi Energy, GE Vernova, CG Power, Cummins, among others, act as oligopolistic suppliers across multiple sub-categories.
Pankaj Murarka, CEO & CIO of Renaissance Investment Managers, says the global AI investment boom could benefit Indian IT services as enterprise adoption rises. He believes fear-driven selling in IT stocks is fading and sees value emerging in the sector.…
The term sheet also specifies a 90-day lock-up period on any further sale of shares by the sellers.