Capex upswing currently visible in India is similar to the crest it witnessed during 2003-2007
The ED had visited premises of the company and some other fintech firms in September 2022 for money laundering investigations against some of the me
Oil to chemical segment created the most pressure, which contributes about 62 percent to the company's income
HAL is expected to become part of MSCI index. Morgan Stanley expects $175 million inflow, Nuvama expects $190 million inflow due to inclusion.
HDFC is seeing strong growth in housing loan disbursement leveraging demand. High buffer provisions at 1.3% helps bring down credit costs.
If you look at the past, valuations might be expensive but if you look at the future on the sector-to-sector basis, they might not be that expensive.
Experts believe that with a sharp one way rally so far, the markets are due to correct
Morgan Stanley prefers consumer discretionary and financials while avoiding the technology and healthcare sectors.
Axis Bank demonstrated strong asset quality but posted a weak PPoP. The bank also lagged peers in loan & PPoP growth.
L&T Infotech reported strong Q2 numbers with revenue ahead of expectations led by small & mid-sized deals.