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Posts in category All News
Moody’s says Indian economy likely to grow 7.2% in ’24 (15-11-2024)
Indian economy is in a sweet spot, with a mix of solid growth and moderating inflation, Moody’s Ratings said, forecasting a 7.2 per cent GDP growth in the 2024 calendar year and 6.6 per cent in the next. In its Global Macro Outlook 2025-26, the rating agency said the global economy has shown remarkable resilience in bouncing back from supply chain disruptions during the pandemic, an energy and food crisis after the Russia-Ukraine war began, high inflation and consequent monetary policy tightening.
Samsung loses ground to Apple in smartphone market (15-11-2024)
Samsung is losing the race in India’s premium smartphone market as rival Apple continues to increase its dominance in the segment, driven by robust iPhone sales and festival season discounts. Shortly after Apple CEO Tim Cook announced an all-time revenue record in India yet again for the September quarter, the company recorded its best-ever quarter of shipments at four million units in the third quarter of calendar year 2024 (Q3CY24), led by the iPhone 15 and iPhone 13, according to a report by the International Data Corporation (IDC).
Oilmeals export decreases 7% in first seven months of FY25 (15-11-2024)
Lower rapeseed and castor seed meal consignments drag shipments
Three CEOs to lead Reliance-Disney media behemoth (15-11-2024)
Reliance Industries Limited (RIL), Viacom18 Media (Viacom18), and The Walt Disney Company announced on Thursday that they have completed the merger of Viacom18’s media and JioCinema businesses into Star India (SIPL), creating a mega joint venture valued at Rs 70,352 crore. The new entity will be guided by three chief executive officers (CEOs), “who will lead the company into a new era of ambition and disruption”, according to a joint statement. Kevin Vaz will lead the entertainment division across all platforms, Kiran Mani will head the combined digital division, and Sanjog Gupta will oversee the sports operations.
Municipal Bonds: Improvement in the financial performance and credit ratings of municipal corporations critical, says RBI report (15-11-2024)
Total municipal bonds outstanding at ₹4,204 crore is just 0.09 per cent of the total corporate bonds outstanding as of March-end 2024, notes RBI report on municipal finances
Higher volume, profitability gains for GAIL India (15-11-2024)
GAIL India’s second quarter (Q2FY25) performance met expectations.
Ratnaveer’s growth visibility is strong. TP ₹290 (+36%) (15-11-2024)
Ratnaveer's growth visibility is strong. With strong demand traction, capacity expansions & favourable product mix, op performance expected to improve significantly. Revenue CAGR at ~24% CAGR & EBITDA/PAT growth at ~45%/~47% CAGR expected. TP ₹290 (+36%)
Vaccine maker stocks fall in US after Trump picks anti-vaccine activist RFK Jr as health secretary (15-11-2024)
The prospect of Kennedy’s role in the next administration has alarmed public health officials who warned in recent days about the risks of curtailing vaccination efforts
CIEL HR to file initial IPO papers for ₹450 crore offer (15-11-2024)
The IPO will include a fresh issue of ₹350 crore along with an offer for sale by earlier shareholders