Pankaj Murarka, CEO and CIO of Renaissance Investment Managers, noted that the September-quarter earnings season turned out better than expected, marking the first time in over a year that there were no major downgrades. He added that after five consecutive…
Bengaluru-based Triton Valves is a small company with a long history of making valves. The stock has compounded 33% annually in the last five years, and yet there aren’t too many takers for it. CNBC-TV18 spoke to the management to…
Following the transaction and necessary regulatory approvals, Invesco will retain a 40% shareholding in the asset management company and hold joint sponsor status with IIHL, according to a joint statement issued by both firms.
The company’s operating performance also improved sharply, with EBITDA coming in at ₹106.2 crore against an EBITDA loss of ₹7.5 crore in the year-ago quarter.
AWL Agri’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the period also increased 21% on a year-on-year basis to ₹688.3 crore.
The collaboration will combine L&T’s nuclear manufacturing capabilities and Holtec’s design expertise to deliver solutions for nuclear and thermal power plants worldwide, especially heat transfer solutions for conventional power plant island and balance of plant.
Tata Consumer Products’ EBITDA margin for the quarter, although narrower by 140 basis points from last year’s figure of 14.9%, but was beat at 13.5% compared to the CNBC-TV18 poll of 13.2%.
Matt Orton, Chief Market Strategist at Raymond James Investment, said he would look to increase his overweight position in Mahindra & Mahindra if the company posts strong results and the market underreacts..
According to Nuvama Alternative & Quantitative Index, Indian Bank is one among the four potential lenders which could make the cut to be included in the banking index.
At the interbank foreign exchange, the rupee opened at 88.73 and slipped further to trade at 88.77 against the greenback, down 7 paise from its previous closing level.