At least half-a-dozen Chinese vehicle makers are expected to pump in about $5 billion into India.
The negative outlook surprised analysts since they were building a case that a healthy order backlog.
The sample companies undertook Rs 4 lakh crore worth of capital expenditure in FY19.
Investors envisage a possibility that IOC may end up biding for the government’s stakes in BPCL or GAIL.
If the current momentum of fund flows continues, the country could witness the highest foreign fund inflows since 2014.
There are 35 sectors according to NSDL’s classification for FPI investment.
Tata Motors retained 3-4% operating margin target for JLR this fiscal, it has withdrawn margin guidance for the standalone entity in face of severe demand slump in the domestic market that is expected to continue the rest of the year.
Sales rose 5-7% this Navratri, Dussehra and Dhanteras from the year-earlier numbers for the festive period.
The company’s stock is trading at 28 times its one-year forward earnings.
L&T and some of the subsidiaries have computed the tax expense of the current financial year as per the newly announced tax rates.
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