The group will likely begin with a first tranche amounting to anywhere between $250 million and $300 million in the current quarter
Analysts at IIFL Capital Services have updated their India macro dashboard – an Excel heat-map on various facets of Indian economy, including Industrial activity, Consumption, Unemployment, Banking, Inflation, Public Finance, Foreign Trade and Capital Markets.
Recommendation: Buy; Target price: Rs 2,712
Weakness in international markets to pull down overall performance.
It added that the company is taking required measures and corrective steps but there will be a temporary pause
Double digit growth expected across revenue and net profit.
Declining export sales could weigh on revenue as well as profitability.
IndusInd Bank, Bank of Maharashtra etc. among companies that will declare their March quarter results today.
The U.S. dollar has slipped against most major currencies in early Asia trade
Gold is considered a hedge against inflation, but higher interest rates dim the non-yielding asset's appeal.
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