Latest Updates Around The World
Venkatesh Balasubramaniam of JM Financial shared a comprehensive view of the Indian equity markets and highlighted the challenges and opportunities in the current environment. He highlighted that markets are trading at high valuations, with aggregate indices trading at nearly 23 to 24 times forward one-year earnings – roughly one standard deviation above the average. While […]
The NCLT has dismissed a bankruptcy proceeding against the Indian unit of telecom equipment maker ZTE filed by TVS Supply Chain Solutions after observing a pre-existing dispute between the parties. The debt claimed by TVS Supply Chain Solutions, a Chandigarh-based bench of the National Company Law Tribunal (NCLT), was disputed and reconciled since 2017, well […]
Eternal, the parent company of food delivery platform Zomato, is expected to post strong revenue growth in the September quarter, although profitability may decline on a year-on-year basis due to the expansion of its high-speed commerce business and challenges in the core food delivery segment. Higher costs, passenger incentives and higher marketing spend are likely […]
Shares of Anil Ambani-led Reliance companies plunged to 10.5% in morning deals on Monday, October 13, after the Times of India reported that the Enforcement Directorate had arrested senior Reliance Power director Ashok Kumar Pal in the alleged fake bank guarantee and fake invoicing case on Saturday. Shares of Reliance Power crashed over 10% to […]
