Siemens witnessed moderation in execution with standalone revenue growing 11.7% y-o-y to Rs 4,300 crore against our expectations of Rs 46,00 crore for Q4FY22. Except mobility, all the segments reported execution below estimates. While gross margin expanded by ~200bps y-o-y to 32.7%, increase in ‘other expenses’ impacted the Ebitda margin,…
By Amit Pabari As we come to the end of a sizzling-hot inflationary year, tides of rate hikes, and abnormal volatility, let’s rewind and glimpse through to peep what’s on the cards in 2023. After an 18-month bull trend in the dollar, the FX outlook has become hazy. Is the…
Capital markets regulator Sebi can relax regulatory norms for the central government in relation to strategic disinvestment of public sector undertakings (PSUs), according to a notification. “The Board (Sebi) may after due consideration of the interest of the investors and the securities market and for the development of the securities…
Shares of NDTV have jumped more than 16 per cent since the Adani group launched its takeover bid for the media group, a rally that also comes at a time when bullish sentiments are dominating the broader market. The diversified Adani group started off with a hostile takeover bid for…
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to three stocks/securities on Thursday, December 8, 2022. Punjab National Bank (PNB), Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), and Indiabulls Housing Finance Limited are the stocks/securities placed on the National Stock Exchange’s futures…
Three life insurers and two banks are set to pick up 50% stake in the proposed joint venture by Indian Oil (IOC) and Chennai Petroleum (CPCL). The new entity will be incorporated through a seed capital of Rs 5 lakh. The joint venture is being set up to implement a…
By Nomura research Kirit Parikh committee has recommended significant changes to India’s domestic gas pricing regime says media reports. The committee submitted its report to the ministry of petroleum and natural gas last week. The ministry will process the recommendations and seek Cabinet nod to effect changes to the existing…
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel remained steady on 27 November 2022 (Sunday), maintaining its six-month long streak. Petrol and diesel in Delhi are trading at Rs 96.72 and Rs 89.62 per litre, respectively. In Mumbai, petrol is retailing…
AXIS BANK’S analyst day presented a compelling investment argument, highlighting the work done thus far. There is convergence in products and strategy with best-in-class banks, but execution is perhaps an area where there is more work to be done. There is less focus on loan growth and more focus on…
Indian equity indices were trading lower in the mid-day session with BSE Sensex down more than 200 points and NSE Nifty falling below the 18,550 level. In other Asian markets, Japan’s Nikkei 225 rose 354.59 points or 1.29% to 27,929.02, Taiwan’s FTSE TWSE Taiwan 50 Index advanced 161 points or…