As part of the buyout deal, Bisleri’s current management team will continue for two years. It has reportedly set a target to reach a turnover of ₹5,000 crore within four years. Synopsis Addition of Bisleri to its portfolio may catapult TCPL to unquestioned leadership in the organised packaged water market ahead of Coca Cola’s Kinley … Read more
Chief Economic Adviser V Anantha Nageswaran on Saturday said that India is facing global shocks with a position of strength backed by far better household, corporate and financial sector balance sheets and its medium term growth outlook is good. “Overall, all things considered, including the risk of oil price, I do believe that the external … Read more
On the auto ancillary space we are quite positive on , says Siddharth Sedani, Head – Senior VP – Equity Sales & Products Support, Anand Rathi Shares & Stock Brokers. Edited Excerpts: We have seen the PSU bank index actually kind of outperform the benchmarks, also the Nifty Bank for the most part of the … Read more
India is currently one of the most alluring emerging markets for investment. Our country has shown significant developments in terms of key macro-parameters. The rebound in GDP for FY22 has been remarkable, making it one of the fastest-growing countries globally. The Indian economy made a rapid stride in FY22 by climbing 8.7% YoY — the … Read more
Bank borrowings from the central bank’s liquidity adjustment facility (LAF) window have climbed sharply, indicating that Mint Road has moderated the supply of money to restrain inflation. Latest data from the Reserve Bank of India (RBI) showed banks borrowed ₹73,297 crore from the central banks through different LAF windows in a drastic change from the … Read more
April 6: Gold eased on Wednesday as hawkish comments from U.S. Federal Reserve officials boosted the dollar and Treasury yields to multi-year highs, denting the safe-haven metal’s appeal. FUNDAMENTALS * Spot gold was down 0.2% at $1,920.87 per ounce, as of 0114 GMT. U.S. gold futures fell 0.3% to $1,920.90. * The dollar scaled a … Read more
National Bank for Agriculture and Rural Development (Nabard) on Tuesday reported a 24 per cent growth in its balance sheet to a record high of Rs 6.57 lakh crore in the financial year ended on March 31, 2021. In the financial year 2019-20, its balance sheet stood at Rs 5.32 lakh crore. “In FY 2020-21, … Read more
Mumbai: With a strong balance sheet, improving retail sales in key export markets, incremental revenues from new ethanol facilities and commissioning of the new garmenting capacity from next year, KPR Mills just received a thumbs-up from the analysts.The company, which has increased its cash balance and reduced consolidated debt in the first half of FY21, … Read more
By DK Aggarwal The profit and loss (P&L) account summarizes a business’ trading transactions such as income, sales and expenditure and the resulting profit or loss for a given period. In simple words, it shows the financial health of a company. The balance sheet, on the other hand, exhibits what a company owns and owes, … Read more
BERLIN – German health group Siemens Healthineers said on Sunday it would acquire Varian Medical Systems Inc in a deal that values the U.S. maker of devices and software for cancer treatments at $16.4 billion. Under the agreed transaction, Siemens Healthineers will acquire all shares in Varian for $177.50 each in cash, representing a 24% … Read more