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Brokerages still see scope for one more cut in the repo rate
Some brokerages see scope for one more rate cut but said the central bank’s focus is likely to be on financial stability measures.
What triggered Tata Motors rally in a depressed market
The homegrown auto major on Friday reported a consolidated net loss of Rs 8,443.98 cro...
Brokerages mixed on Tata Motors post Q1 numbers
Ambit, Antique, Edelweiss, ICICI Securities and Motilal Oswal have maintained a buy, CLSA has...
Brokerages bullish on HDFC after Q1 performance
Antique, Edelweiss and Emkay maintained buy while Haitong, Macquarie, CLSA and Credit Suisse maintained outperform.
Will July bring good news for Motown? Sharp rebound seen in PVs, 2-wheelers
Nomura's July sales projections showed only 5 per cent year-on-year drop in personal vehicle volumes, 18 per cent in two-wheelers and 67 per cent in commercial vehicles.
Ambuja Cements narrows valuation gap with large peers
Its total manufacturing cost per tonne of cement fell 2.8% year-on-year to Rs 3,775. This was despite the fact that the company’s revenue fell 26.9% to Rs 2,176 crore.
D-Street buzz about DMA spooks broking firms, stocks tank up to 8%
Under the DMA, investors will be able to trade directly from the exchange instead of going through stockbrokers. This may result in a drop of brokerage revenue.
Despite strong rural economy traction, Rakesh Jhunjhunwala cuts stake in Escorts
In a regulatory filing on Friday, Jhunjhunwala said that he sold 2 lakh equity shares of Escorts on July 22. This takes his shareholding to 91,97,600 shares in the domestic tractor maker.
Indiabulls Housing Finance seeks to sell Rs10,000-crore builder loans
“Indiabulls is planning such sales in a few tranches over the next few months and negotiations with Oaktree Capital and Deutsche Bank appear to be in advanced stages,” one person told ET.
Edelweiss Group books Rs 2,245 cr net loss on upfront Covid provisioning
The diversified financial services player had reported a net income of Rs 232 crore in the year-ago period.
Brokerages mixed on TCS post Q1 results
Investec downgraded the stock to 'sell' from 'hold' and Macquarie downgraded the stock to 'neutral' from 'outperform'.
Indiabulls sells Rs 4,000 cr loan portfolio to Oaktree
The deal structure is such that Oaktree will subscribe to NCDs issued by the builders and the money so generated will be used to pre pay loans granted by Indiabulls.
Edelweiss Group contributes Rs 2 crore to PM-Cares Fund
The company's employees have collectively raised Rs 11 lakhs to help over 25,000 migrant and vulnerable families.
View: Home truths of remote working
After the initial burst of productivity, the work from home experiment is unraveling. Most of us are craving for the humble office to bring back some structure and the recent deals for office spaces are a testament to long term robust demand.
Asian Paints, Berger Paints shares up ahead of Q4 results
Kotak Institutional Equities sees 19 per cent growth in reported profit for Berger Paints. The brokerage projected 2 per cent YoY fall in net sales.