Time To Get Selective On Indian Banks, Morgan Stanley Says
Special Correspondent | 4 September 2024The brokerage says margins and asset quality are set to normalize going ahead and drive divergence in profitability based on the franchise strength
Adani Ports To Buy Majority Stake In Astro Offshore For $185 Mln
Staff Reporter | 31 August 2024Astro owns 26 offshore support vessels and the acquisition is part of APSEZ’s strategy to become one of the world’s largest marine operators
Zee, Sony Units Reach Settlement On Scrapped Merger Deal
Staff Reporter | 27 August 2024The parties arrive at a comprehensive non-cash settlement and agree to withdraw all respective claims against each other
Kalyan Promoter To Acquire 2.4% Stake In Jewelry Retailer From Highdell
Staff Reporter | 21 August 2024Trikkur Sitarama Iyer Kalyanaraman agrees to acquire around 2.43 crore Kalyan shares from Highdell Investment at 535 rupees apiece
HCL Technologies CFO Prateek Aggarwal Resigns; Shiv Walia Named Successor
Staff Reporter | 20 August 2024Shiv Walia is currently corporate vice president as well as global head of financial planning & accounting and business finance operations at HCL
Wipro Chief Technology Officer Subha Tatavarti Resigns
Staff Reporter | 13 August 2024Tatavarti will step down from her position with effect from close of business hours on 16 August to pursue opportunities outside the company
India Corporate Credit Quality Getting Stronger, S&P Says
Staff Reporter | 12 August 2024S&P says the improvement is driven by broad-based earnings growth and increased financial discipline
Moody's Upgrades Tata Motors To Ba1 On Sustained Revenue Growth, Improving Profit
Staff Reporter | 8 August 2024Moody's says Indian automaker will sustain the improvement in all three of its automotive operations
Citi Lifts Maruti Target Price After 1QFY25 Beats Estimates
Special Correspondent | 1 August 2024Citi says Indian automaker’s 1QFY25 results were above its estimates, driven by strong margin expansion despite escalated discounts
HSBC Keeps Buy On DMart Retail Store Operator, Lifts Target Price
Special Correspondent | 31 July 2024HSBC says value retailing remains the core positioning of DMart and will be central to all its offline and online retail endeavors
NCLT Admits Kishore Biyani-Promoted Future Retail Into Liquidation
Staff Reporter | 30 July 2024The National Company Law Tribunal appoints Sanjay Gupta as the bankrupt retailer’s liquidator
Morgan Stanley Affirms Overweight On InterGlobe Aviation, Lifts Target Price
Special Correspondent | 30 July 2024Morgan Stanley raises its target price on Indian aviation major IndiGo to 5,245 rupees from 5,142 rupees per share following its quarterly results
S&P Upgrades Vedanta Resources On Improving Capital Structure, Liquidity
Special Correspondent | 25 July 2024S&P says the resources conglomerate has sufficient internal resources to meet $1.4 billion of debt maturities until December 2025
India To Set Up Integrated Technology Platform To Improve IBC Ecosystem
Staff Reporter | 23 July 2024Finance Minister Nirmala Sitharaman also proposes to set up additional tribunals to speed up insolvency resolution
Trilegal’s Nisha Kaur Uberoi Set To Join JSA With Her Team
Staff Reporter | 18 July 2024Uberoi, a veteran of over two decades, has previously worked with firms such as AZB & Partners and Cyril Amarchand Mangaldas
SpiceJet CFO Ashish Kumar Resigns To Pursue Other Opportunities
COJ News Desk | 17 July 2024Indian budget carrier appoints Joyakesh Podder as deputy chief financial officer with effect from 15 July
Sadbhav Engineering Dodges Another Insolvency Bullet
Staff Reporter | 15 July 2024Sadbhav Engineering settles the issue of outstanding dues with its operational creditor Automark Industries (India)
National Stock Exchange Of India Appoints Amber Gupta As Legal Head
Staff Reporter | 13 July 2024Gupta served as head of corporate legal, company secretary and compliance officer at Aditya Birla Capital before joining NSE