JP Morgan has downgraded the Indian information technology sector to 'underweight' as it believes the heydays of the sector are over. Rising margin headwinds in the near-term and the revenue headwinds in the medium-term from a potential macro slowdown, Ankur Rudra and Bhavik Mehta of JP Morgan said in the report, will mean that the sector's earnings upgrade cycle is behind. "We see peak revenue growth behind us and earnings before interest and taxes (EBIT) margins trending down from inflation, mean revision.
From the outcome of the general elections and then Union Budget to tepid corporate earnings in the September 2024 quarter (Q2-FY25), sticky inflation and Reserve Bank of India's stance on interest rates, extreme weather conditions, Indian stock markets have braved it all in calendar year 2024.
Former India opener Gautam Gambhir feels one shouldn't compare Chennai Super Kings captain Mahendra Singh Dhoni and Kolkata Knight Riders skipper Eoin Morgan despite the two players having a similar record with the bat in the ongoing 14th edition of the Indian Premier League.
Apple's ambitious strategy to expand iPhone exports, shift more production from China to India at a faster pace, and grow its domestic market hits a Trump-sized roadblock.
Afghan, who retired from all formats on Sunday after the match against Namibia in the ongoing T20 World Cup, had captained Afghanistan to 42 wins out of 52 games.
Hollywood's biggest night was high on glitz and glamour but lacked the edge and excitement of the movies it was celebrating, observes Sukanya Verma.
Reliance Industries Ltd, India's most valuable company, is back on a growth path after six months of challenges as it posted better than expected earnings in the December quarter, brokerages said.
'I am not sure about another two (tournaments). Obviously, results determine how well you do and how often you are kept on. But certainly, my hunger and determination are as strong as ever.'
A round-up of Tuesday's action in the Premier League.
The 35-year-old's recent batting woes have also raised concerns over his form ahead of the World Cup, where he will lead England, who face defending champions West Indies in their opening match on October 23 in Dubai.
A round-up of Saturday's action in the English Premier League.
The WCC will meet on Monday and Tuesday at Lord's ahead of the second Ashes Test between England and Australia, with various outputs from the meeting to be communicated after the conclusion of the match.
Forest's tally is the same number as Leicester City had accumulated by the same point of the 2015/16 campaign when they went on to become shock Premier League champions.
Morgan (68) found runs all over the ground and seemed in a hurry from the get go as the net run rate would have been on his mind.
A round-up of the UEFA Champions League last-16 first leg matches played on Tuesday.
The initial public offer of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, got subscribed 2.37 times on the third day of the bidding on Thursday, helped by institutional buyers. This is the largest IPO in the country, surpassing LIC's initial share sale of Rs 21,000 crore. The Rs 27,870 crore initial share sale got bids for 23,63,26,937 shares against 9,97,69,810 shares on offer, translating into 2.37 times subscription, as per NSE data.
The eagerly awaited International Masters League (IML) is set to electrify the cricketing world, uniting legendary players from six cricketing powerhouses-India, Sri Lanka, Australia, England, South Africa, and West Indies-for an exhilarating T20 franchise tournament.
Morgan and white-ball vice-captain Jos Buttler were accused of mocking the Indian use of English language
The Aussies will spend the quarantine in the Maldives before heading home.
The initial public offer of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, received an 18 per cent subscription on the first day of bidding on Tuesday. The Rs 27,870 crore initial share sale received bids for 1,77,89,457 shares against 9,97,69,810 shares on offer, as per NSE data. The IPO received over 9 lakh applications on the first day.
Shares of Bajaj Finance surged over 6 per cent on Thursday after the diversified non-banking finance company reported an 18 per cent increase in consolidated net profit to Rs 4,308 crore for the December quarter. The stock rallied 6.33 per cent intraday to touch Rs 8,249.95 - a 52-week high -- on the BSE.
Reliance Industries' (RIL's) oil-to-chemicals (O2C) business is likely to remain under pressure for the remaining of the current financial year, according to analysts and company executives. "Management guides for softness for the next couple of quarters in both retail and O2C businesses," analysts at BOB Capital Markets noted in an after-results report on RIL. For the July-September quarter (Q2) of 2024-25 (FY25), RIL's O2C business reported a 5.1 per cent year-on-year increase in revenue to Rs 1.55 trillion.
Debt mutual fund (MF) schemes are set to register the best calendar year (CY) performance in the last four years despite no changes in the interest rate. An analysis of one-year performance of debt funds show that many of the schemes are set to deliver double-digit returns in CY 2024.
Defying the bearish sentiment in the markets on Monday, ICICI Bank's share price rose by 2 per cent, reaching an intraday high of Rs 1,234.4 per share on the BSE. With a 1.5 per cent gain at the close, the stock emerged as the top performer on both the BSE Sensex and the National Stock Exchange Nifty 50 indices.
England skipper Eoin Morgan and Sam Billings are doubtful for Friday's second ODI against India in Pune after sustaining injuries in the series-opener, dealing a fresh blow to the side's floundering campaign.
England captain Eoin Morgan has kept the lid on who will move up to partner opener Jos Buttler and dismissed suggestions his side would be "strong favourites" against New Zealand in the semi-final of the Twenty20 World Cup on Wednesday.
India is likely to be the fastest-growing Asian economy in 2022-23, according to analysts at Morgan Stanley. They expect India's gross domestic product growth to average 7 per cent during this period - the strongest among the largest economies - and contributing 28 per cent and 22 per cent to Asian and global growth, respectively. The Indian economy, they said, is set for its best run in over a decade as pent-up demand is unleashed.
He was referring to his Twitter posts after that game in which he asked Morgan and Tim Southee to not use "derogatory" words and lecture him on 'Spirit of Cricket' by taking a moral high ground.
A homophobic tweet dating back to 2010 from Jimmy Anderson has also emerged.
The Madhya Pradesh all-rounder was bought by KKR for a massive bid of Rs 23.75 crore.
China has stayed on top for two consecutive months in the MSCI Emerging Markets Investable Market Index (EM IMI), after ceding the position to India in August. At the end of October, China's weight in the key EM gauge stood at 24.72 per cent, up from 21.58 per cent at the end of August. India's weight during this period has slipped to 20.42 per cent from 22.27 per cent.
Vaughan has backed Jos Buttler to become the team's white-ball skipper
Manchester City came from behind to beat Club Brugge 3-1 and secure their place in the Champions League playoffs
Eoin Morgan has said that Dinesh Karthik is a vital cog in the franchise's set up
India's most valued company, Reliance Industries Ltd (RIL), reported a robust performance in the third quarter of the current financial year (Q3FY25), surpassing analyst expectations. This coupled with positive commentary by brokerages led to the stock of the oil-to-telecom conglomerate surging as much as 4.44 per cent to hit an intraday high of Rs 1,325.1. It settled at Rs 1,301.3 apiece, up 2.57 per cent.
Images from Saturday's action in the Premier League.
An angry Ravichandran Ashwin on Thursday asked Eoin Morgan and Tim Southee to not use 'derogatory' words and lecture him on 'Spirit of Cricket' by taking a moral high ground after their on-field bust-up over an extra run during an IPL game.
England limited-overs skipper Eoin Morgan hailed rising India batsman Shubman Gill after the young opener's unbeaten 70 helped Kolkata Knight Riders beat Sunrisers Hyderabad on Saturday for their first win of the Indian Premier League season.
Kolkata Knight Riders failed in their bid to win their third Indian Premier League title in Dubai on Friday but captain Eoin Morgan said he is extremely proud of the fight put up by his team.
"Unfortunately, my family and I closed out 2020 learning that we had contracted Covid while in California over the holidays," Morgan said
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