For airline companies, there is no help coming from the government. Smaller airlines such as SpiceJet are under far greater pressure with almost no cash to speak of before the lock ... Read more
For airline companies, there is no help coming from the government. Smaller airlines such as SpiceJet are under far greater pressure with almost no cash to speak of before the lockdown began. On the other hand, IndiGo’s large cash pile is helpful in these times and puts it in the best place in the Indian aviation sector to deal with this crisis. As such, near-term revenue and capital outlook remain grim for the sector. Read more
Maruti posted a weak March quarter performance, hit by COVID-19 pandemic and the lockdown. Sales and profits fell. Recovery is likely to take a few quarters, say analysts. Still, t ... Read more
Maruti posted a weak March quarter performance, hit by COVID-19 pandemic and the lockdown. Sales and profits fell. Recovery is likely to take a few quarters, say analysts. Still, the stock trades at rich valuations. Tune in to know more. Read more
Initially, the Indian stock markets were excited about the Rs20 trillion economic package. In fact, the pre-opening rates had suggested a 5% jump in the markets. However, markets r ... Read more
Initially, the Indian stock markets were excited about the Rs20 trillion economic package. In fact, the pre-opening rates had suggested a 5% jump in the markets. However, markets rose only 2% on Wednesday, with the initial excitement wearing off. In absolute terms, BSE’s total market cap rose Rs. 2.3 trillion, as compared to the Rs5.5 trillion rise pre-opening rates had suggested. So what caused the excitement to ebb? Find out here. Read more
ICICI Bank shares have gained since the lockdown to prevent the spread of covid-19 pandemic was announced on 24 March. Much of this optimism is now being put to test with its March ... Read more
ICICI Bank shares have gained since the lockdown to prevent the spread of covid-19 pandemic was announced on 24 March. Much of this optimism is now being put to test with its March quarter not pleasing the market. For one, the net profit missed market estimates considerably. Secondly, the problem of a rise in fresh bad loans continued. Read more
In December 2018, Hindustan Unilever (HUL) announced the acquisition of GSK Consumer. As part of the deal, in May 2020, GSK Consumer’s parent company disposed off HUL shares and th ... Read more
In December 2018, Hindustan Unilever (HUL) announced the acquisition of GSK Consumer. As part of the deal, in May 2020, GSK Consumer’s parent company disposed off HUL shares and this was done at a higher realisation compared to what it had anticipated it would receive in end 2018. The deal also helped HUL to increase the share of foods and beverages in its product portfolio to about 28% of revenues, from 18% earlier. Read more
Reliance Industries Ltd has announced another stake sale in its digital services subsidiary, Jio Platforms Ltd. Private equity firm Silver Lake will invest ₹5,655 crore in Jio Plat ... Read more
Reliance Industries Ltd has announced another stake sale in its digital services subsidiary, Jio Platforms Ltd. Private equity firm Silver Lake will invest ₹5,655 crore in Jio Platforms for an effective 1.1% stake at an equity value of ₹4.9 trillion, a 12.5% premium to the Facebook deal. So what do this development mean for the Reliance stock? Read more
Shares of Reliance Industries have appreciated by more than 60% from its lows in end March. A key reason for the optimism is Reliance’s deal with Facebook, which was announced last ... Read more
Shares of Reliance Industries have appreciated by more than 60% from its lows in end March. A key reason for the optimism is Reliance’s deal with Facebook, which was announced last week. Facebook’s $5.7 billion investment in Reliance’s digital subsidiary, Jio Platforms Ltd is expected to offer some relief on Reliance’s debt front. Still, the company also said that its board will consider a rights issue. So why is Reliance raising the funds? Read more
Shares of Reliance Industries Ltd are now below the level seen before its last Annual General Meeting (AGM) on 12 August 2019. No doubt, valuations have turned attractive with the ... Read more
Shares of Reliance Industries Ltd are now below the level seen before its last Annual General Meeting (AGM) on 12 August 2019. No doubt, valuations have turned attractive with the steep fall in the stock price but should investors bet on the company? Read more
The global coronavirus epidemic has sent shivers down the global markets while Indian markets were no exception. The outbreak led to a sharp correction in the global and Indian mar ... Read more
The global coronavirus epidemic has sent shivers down the global markets while Indian markets were no exception. The outbreak led to a sharp correction in the global and Indian markets. From its peaks, the Indian markets have corrected about 10% on heavy selling by foreign investors. Earnings growth is expected to pick up in the second half of FY21 due to a lower base and gradual pick up in the economy. Read more
According to the World Health Organization, there are as many as 79,331 confirmed cases of Novel Coronavirus globally and on February 24 alone, 715 new cases were reported. Listen ... Read more
According to the World Health Organization, there are as many as 79,331 confirmed cases of Novel Coronavirus globally and on February 24 alone, 715 new cases were reported. Listen to this episode as Mint's Disha Sanghvi answers some pertinent questions that you might have about your travel insurance as Coronavirus casts a shadow on those traveling to China and neighboring countries. Read more
