Brokerages see up to 27 per cent upside in Bharti Airtel after the Supreme Court on Tuesday granted 10 years to telecom firms for paying the Adjusted Gross Revenue (AGR)-related dues to the Department of Telecommunications (DoT). The apex court also asked telcos to pay 10 per cent of the AGR-related dues by March 31, […]Read More
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MUMBAI: Analysts said India’s industrial production shrinking a record 55.4% in April reflects the severity of the slowdown. The government did not release the headline IIP growth number saying that it is not appropriate to compare IIP of April 2020 with earlier months. The government also retained the headline retail inflation growth number for May. […]Read More
Mumbai: Global brokerages gave a thumbs up to Reliance Industries’ third deal in three weeks, the latest being Vista Equity Partners’ acquisition of a 2.32 per cent stake in Jio Platforms for $1.5 billion. Analysts anticipate more such deals in the days to come, and said they bode well for the oil-to-telecom conglomerate’s deleveraging target. […]Read More
Brokerages have slashed goal costs on shares of corporations throughout sectors to mirror the cut of their earnings estimates amid the wide-scale shutdown in companies within the wake of the spreading Covid-19 pandemic. Notable cuts in goal costs have taken place in auto, auto ancillaries and diagnostics corporations. Active Covid-19 circumstances in India have surpassed […]Read More