Goldman cuts earnings outlook for Indian banks
It has removed ICICI Bank from its coverage list, but maintained buy rating. – Stocks-Markets-Economic Times
Month: June 2020
Auto industry may fall out of gear this fiscal
The automobile industry may post an aggregate drop of 20%, or Rs 75,000 crore, in revenue . – Stocks-Markets-Economic Times
Stocks in the news: SBI, RIL, Larsen & Toubro, Bharti Airtel, DLF and Infosys
DLF reported a consolidated net loss of Rs 1,857.76 crore in the fourth quarter of last fiscal year. – Stocks-Markets-Economic Times
Consumer confidence collapses, economy may contract by 1.5 per cent in FY21: RBI surveys
Real private final consumption expenditure (PFCE) is expected to decline by 0.5 per cent during 2020-21 but likely to record 6.9 per cent growth next fiscal, the survey said. … Read More
Mubadala to buy 1.85% stake in Jio Platforms for ₹9093.6 crore
Jio Platforms with this investment has raised ₹87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less … Read More
Most MSMEs to shed staff to revive: survey
Over 70% of MSMEs who responded to a survey by the All India Manufacturers Organisation (AIMO) intend to reduce headcount across the board. AIMO recei – The Hindu – … Read More
ALL unveils trucks built on modular platform
New range will enable company to take its products to many international markets: Dheeraj Hinduja – The Hindu – Industry
Amazon in talks to buy $2 bn stake in Airtel
Investment could give e-commerce major 5% stake; deal could boost telco’s fortunes as it competes against number one Jio – The Hindu – Industry
View: NSE lies the head that bears the bourse
There have been attempts to set up other stock exchanges, most notably the MCX-SC, now the Metropolitan Stock Exchange. – Stocks-Markets-Economic Times
Routinely work with digital players; no other activity to report, says Airtel on reports of Amazon investment
According to a report by Reuters, Amazon is in early-stage talks to buy a stake worth $2 billion in Bharti Airtel. – The Hindu – Industry