Afcons A Niche Diversified EPC Play, Jefferies Says; Starts at Buy

Staff Reporter | 6 February 2025

Jefferies says the company's diversified segmental and geographic exposure de-risks its business model and widens its opportunity pipeline


S&P Upgrades Vedanta Resources To B+ On Easing Refinancing Risk

Staff Reporter | 4 February 2025

S&P says Vedanta’s recent $1.1 billion bond issuance to address its 2026 and 2028 bond maturities has eased its liquidity and refinancing risks


RR Kabel Looks Set For Strong Profit Growth, HSBC Says; Upgrades Stock

Staff Reporter | 31 January 2025

HSBC says strong profit growth outlook and attractive valuations makes it constructive on the Indian consumer electrical company at current prices


BroadPath Acquisition Boosts Sagility's Growth Outlook, Jefferies Says; Keeps Buy

Staff Reporter | 30 January 2025

Jefferies sees limited integration risks as both companies specialize in US healthcare and have complementary services


Exide 3Q Results Slightly Above Estimates, Citi Says; Affirms Buy Call

Staff Reporter | 29 January 2025

Citi Research says the Indian battery maker's margin trends have been encouraging despite lower non-autos demand (industrial/infrastructure)


Moody's Changes Bharti Airtel’s Outlook To Positive; Affirms Ratings

Staff Reporter | 22 January 2025

The change in outlook reflects a significant improvement in the Indian telecom operator’s financial profile and its steadily increasing market share


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Fitch Upgrades Vedanta Resources To B+; Outlook Stable

Staff Reporter | 20 January 2025

The upgrade follows a major reduction in Vedanta’s refinancing risks after $1.1 billion fundraising in new bonds and bank commitments for loans


Jefferies Bullish On Indian EMS Sector; Amber Enterprises Top Pick

Staff Reporter | 2 January 2025

The government’s push on value-addition, China 1+ strategy, cheaper labor and structural growth opportunity will drive the sector growth


S&P Upgrades Vedanta Resources To B On Reduced Refinancing Risk

Staff Reporter | 20 December 2024

S&P says its Stable outlook reflects that Vedanta Resources will proactively address its $1.15 billion April 2026 debt maturities


Credit Risk To Rise Amid Cyberattacks On Larger Companies - Moody's

Staff Reporter | 10 December 2024

Moody's says cyber risk will intensify next year as attackers switch tactics in response to better corporate cyber defenses


Moody's Lifts Vedanta’s CFR After Successful Liability Management

Staff Reporter | 27 November 2024

Moody's says the bond issuances in quick succession solidify Vedanta's access to capital markets and growing investor confidence in the company


Moody's Changes Outlook On Seven Adani Group Companies To Negative

Staff Reporter | 26 November 2024

Moody's says US indictment of group executives on bribery and other charges likely to weaken Adani Group's funding access and raise its capital costs


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Moody's Upgrades Vedanta Resources’ Corporate Family Rating To B3

Staff Reporter | 25 October 2024

Moody's says the Stable outlook reflects its expectation that the natural resources conglomerate will address its debt maturities


Bajaj Finance Earnings Likely Near End Of Weak Phase, HSBC Says

Staff Reporter | 24 October 2024

The brokerage expects recovery in consumer loan growth and credit costs, aided by stable net interest margin and controlled expenses to support profit


Is It Time To Buy Indian Cement Stocks? Morgan Stanley Answers

Staff Reporter | 15 October 2024

Cement stocks have underperformed over past few months amid weak demand and cement price rollbacks, but some price hikes likely in next few months


Indian Conglomerates Poised For $800 Bln Investment Push, S&P Says

Staff Reporter | 14 October 2024

The spending focus will be on new businesses like green hydrogen, clean energy, aviation, semiconductors, EVs and data centers


IIFL Finance Gets Upgrade From Jefferies After RBI Lifts Gold Loan Ban

Special Correspondent | 20 September 2024

The brokerage says with RBI lifting ban on gold loans at IIFL, disbursement should resume and ramp...


Moody's Upgrades Vedanta Resources' Corporate Family Rating

Staff Reporter | 16 September 2024

The upgrade driven by the conglomerate’s reduced refinancing risk after its successful issuance of $900 million in 10.875% notes due in September 20