News Today

CVs: Growth tapering, discounts returning in auto sector: IIFL Securities

Copy Link

Analysts of IIFL Securities perceived a risk to the sustainability of low discounts, if any of the larger players lost market share.

• 29 September, 2023
• 12:36 PM
• less than a minute

Accenture's Modest Growth Forecast Rattles Indian IT Stocks

Copy Link

Accenture reported a 3% sequential decline in deal-bookings in Q4FY23 compared to earlier flat growth expectations, impacting the broader IT sector

• 29 September, 2023
• 12:26 PM
• less than a minute

Demand remains muted; FY24 guidance soft in Indian IT sector: IIFL Securities

Copy Link

Analysts of IIFL Securities believe ACN’s Q4 results and soft FY24 organic growth outlook of 0-3% CC YoY, combined with the sharp decline in Managed Services bookings highlight the lack of tailwinds in the near-term demand environment.

• 29 September, 2023
• 11:05 AM
• less than a minute

Normalisation of outperformance in FMCG Sector: IIFL Securities

Copy Link

Moreover, analysts of IIFL Securities expect HUL volume growth to improve to ~7-8% vs ~3-4% currently in the next two quarters, which will spur the stock price.

• 28 September, 2023
• 10:38 AM
• less than a minute

Bank of Baroda on a buyer lookout for its New Zealand subsidiary

Copy Link

BoB NZL, founded in 2008, was New Zealand's first Indian bank. It has two locations: Auckland and Wellington.

• 28 September, 2023
• 9:25 AM
• less than a minute

Aditya Birla Capital injects Rs 750 crore into AB Finance to fund growth plans

Copy Link

Aditya Birla Capital received shares on a rights basis on Tuesday, according to the business.

• 27 September, 2023
• 12:00 PM
• less than a minute

KNR Constructions: Order wins critical now

Copy Link

Margins should trend down, given the focus on growth and diversification into other states and sectors. Healthy balance sheet is a key positive.

• 26 September, 2023
• 11:53 AM
• less than a minute

Biogen’s Biosimilars – Cash Cow business, with declining growth trajectory

Copy Link

Excluding deal-related amortization expenses, the Biogen Biosimilars deal could add 24% and 29% to Dr. Reddy’s FY24 revenue and profits on a pro-forma basis.

• 26 September, 2023
• 11:10 AM
• less than a minute

Standard Bank's Custody and Settlement Operations are to be transformed by TCS BaNCS for better...

Copy Link

With USD 635 billion in assets under custody and administration, SBG runs the largest custody network in sub-Saharan Africa, leading the growth of the continent's capital markets.

• 25 September, 2023
• 1:30 PM
• less than a minute

Grasim Industries Navigates Challenges, Eyes Compliance and Growth

Copy Link

Grasim Industries is taking necessary steps to comply with the order and expects no significant impact on profitability

• 25 September, 2023
• 1:04 PM
• less than a minute