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Gautam Adani, indicted in US, is a controversial first-generation Indian tycoon By Reuters
By Krishna N. Das and Munsif Vengattil NEW DELHI (Reuters) – Indian billionaire Gautam Adani, indicted in New York over a $265 million bribery scheme, is a first-generation tycoon whose phenomenal rise has been accompanied by a series of damaging controversies at home and abroad. Asia’s second-richest person, who narrowly escaped death in 2008 as…
Reliance Retail sees 3.5% revenue decline amid weak demand in fashion
Reliance Retail said weak demand in the fashion and lifestyle business and calibrated approach to improve margins in its wholesale business hurt revenues which fell 3.5% during the second quarter ended September. This is the first instance of a revenue decline for India’s biggest retailer except during the pandemic when covid led restrictions forced them…
Nestle India needs to up its game to justify premium valuations
The profitability also suffered on account of inflationary prices of coffee and cocoa. The operating profit margin corrected by 100 bps to 23.4%. Raw material cost stood at 43.6% of revenues-same as the year ago elevated level of 43.7%. Source link
2 TSX Stocks I’d Buy Before the Next Market Dip
Trying to time the next market dip perfectly is a good way to stay stuck. A better move is to line up stocks you would be happy to own through a rough patch and beyond it. That usually means looking for strong balance sheets, businesses with real demand behind them, and a valuation that does…
HSBC raises Ola Electric target price to Rs 49 but sticks with hold rating. What’s behind the caution?
HSBC Global Research has raised its target price on Ola Electric Mobility to Rs 49 from Rs 45, while maintaining a “hold” rating on the stock following a better-than-expected gross margin performance in the company’s first-quarter results. The brokerage said it remains cautious about long-term margin headwinds stemming from uncertainties around government incentives for battery…
Crypto’s Wild Week: $190B Wiped Out as Markets Stage a Fragile Comeback – Market Updates Bitcoin News – shareandstocks.com
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