Kotak says that it would have been better if Tech Mahindra had put its cash to acquire capabilities in the digital or financial services domain, instead. Tech Mahindra needs to be prudent on cash management or else it will risk losing investor confidence in capital allocation decisions.
Posts tagged MC
Tech Mah or MM? Pininfarina buy best for which company (15-12-2015)
Apple iPhone 5s gets a big price cut in India (15-12-2015)
This is the second major price cut on the iPhone 5s in India ever since Apple introduced the iPhone 6s around four months ago.
Bill Gates: Read these 6 books on your year-end holiday (15-12-2015)
On his blog, Microsoft co-founder and one of the the world’s richest persons, Bill Gates, penned the list of his top 6 books from 2015.
Fiscal position constrains India’s credit rating: Moody’s (15-12-2015)
Atsi Sheth, associate managing director – sovereign risk group, Moody’s Investors Service, says there’s a risk of monetary policy not being able to control food inflation.
Bank stocks a falling knife but you should catch them: Pro (15-12-2015)
‘Don’t catch a falling knife’ goes a popular investing adage that recommends against buying stocks that have fallen a lot recently. But Dipen Sheth, Head of Research at HDFC Securities, recommends you make an exception for bank stocks.
Nifty struggles below 7650; ICICI Bank, Tata Motors down (15-12-2015)
The market is still under pressure as all eyes are on the FOMC tonight. The Sensex is down 20.34 points at 25130 and the Nifty is down 12.80 points at 7637.25. About 1221 shares have advanced, 812 shares declined, and 133 shares are unchanged.
CBI raids Delhi CM Arvind Kejriwal’s office, seals it (15-12-2015)
Sources said that the raid took place as the Anti-Corruption Branch has registered a case against Kejriwal’s Principal Secretary Rajender Kumar. The case is of criminal misconduct against Rajender and other private people.
Fed rate hike not a worry; but no hike will be: Udayan (15-12-2015)
CNBC-TV18 Consulting Editor Udayan Mukherjee on his thoughts over the likely Federal Reserve interest rate hike and why you should approach private banks only with “trepidation”.
Despite gloom over NPAs, these banks could be good bargains (15-12-2015)
The RBI had met up with bank bosses recently to take stock of the bad loan problem and outline steps that would help banks clean up their balance sheets by March 2017. Parveen Kumar Gupta, Managing Director, SBI, says the RBI so far has not given any specific directives on additional provisions
Samsung asks US Supreme Court to throw out $399 m judgment (15-12-2015)
South Korea-based Samsung appealed a USD 399 million judgment for illegally copying patented aspects of the look of Apple’s iPhone, the latest round in a long-running fight between the two tech industry giants.