Time To Get Selective On Indian Banks, Morgan Stanley Says

Special Correspondent | 4 September 2024

The 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 2024

Astro 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 2024

The 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 2024

Trikkur 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 2024

Shiv 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 2024

Tatavarti will step down from her position with effect from close of business hours on 16 August to pursue opportunities outside the company


Banner

India Corporate Credit Quality Getting Stronger, S&P Says

Staff Reporter | 12 August 2024

S&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 2024

Moody'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 2024

Citi 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 2024

HSBC 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 2024

The 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 2024

Morgan Stanley raises its target price on Indian aviation major IndiGo to 5,245 rupees from 5,142 rupees per share following its quarterly results


Banner

S&P Upgrades Vedanta Resources On Improving Capital Structure, Liquidity

Special Correspondent | 25 July 2024

S&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 2024

Finance 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 2024

Uberoi, 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 2024

Indian 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 2024

Sadbhav 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 2024

Gupta served as head of corporate legal, company secretary and compliance officer at Aditya Birla Capital before joining NSE