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.
The size of the deal was not mentioned in the note. However, the enterprise value (inclusive of debt ) of the deal is reported to be about Rs 800 crore (Rs 8 billion).
In a year of overwrought spectacles that slavishly sucked up to the audience, I found refuge in a bunch of 'mainstream' Indian films that espoused such old-fashioned values as dedication to craft, close observation and casual bravery, explains Sreehari Nair.
If he wasn't an actor, Aamir Khan could have made an excellent life coach.
Private equity investing can be rewarding, but an investor needs to be patient as exiting can be tricky and these assets do not provide instant liquidity.
'I am an emotional person and hope to be stronger when I go inside because I have been told dil pe nahin lena.'
'This world shows humanity in a fraudulent light.'
It's raining IPOs, with eight issues hitting the market in a span of six days. However, the pace of new filings points to a deluge during the latter part of the year. So far this year, 58 companies have filed their draft red herring prospectus (DRHP) with the market regulator for initial public offerings (IPOs), exceeding the combined tally of 50 in the last two years. Industry participants said the filing count could cross 100 this year, setting a new benchmark in terms of amount mobilised in a calendar year.
Joginder Tuteja looks back at how Hindi movies have done during this festive season in the last decade.
Investors say they see large companies going through the grind, as their promoters struggle with liquidity because they are levered up at the holding company level and are starting to get margin calls thanks to the crashes in the stock market, and in the next six months, the targets that will come up for PE companies will make for a harvest season like never before.
A steady demand environment, prudent debt management and faster absorption of office space gave them an edge over others.
Messaging platform WhatsApp on Wednesday said it has rolled out a pilot program across 500 villages across Karnataka and Maharashtra, aimed at empowering villagers with access to digital payments through 'payments on WhatsApp'. The announcement was made at Fuel For India 2021 - Meta's annual event in India. WhatsApp India Head Abhijit Bose said the pilot aims to effect a behavioral transformation to digital payments at the grassroots.
When Open Network for Digital Commerce (ONDC) was conceived last December, the idea was to reduce the dominance of e-commerce giants like Amazon and Flipkart. It was also to bring in a level-playing field for small merchants in India's fragmented but fast-growing $1-trillion retail market. However, those goals have changed now as large e-commerce players such as Flipkart, Amazon and Ecom Express are in various levels of talks with the ONDC team. They want to form partnerships like integrating with the network as well as providing their expertise to build it, according to the industry sources.
'There will be partnerships between banks and fintech firms, but there will also be areas where they will be direct competitors.'
As he turns 70 on September 17, we ask you, dear reader, have you met Prime Minister Modi?
As Laal Singh Chaddha, the official remake of Forrest Gump, awaits release, we look at other remakes and how they have fared at the box-office.
'It's been fantastic to watch you over the years. Numbers will have their roles and but your real strength is being able to motivate the whole generation.'
Sukanya Verma quizzes you to find out just how much you know about the movies.
Jahnavi misses mum Sridevi... Mildind plans to run from Mumbai to Statute of Unity...
22 companies won bids for the 31 contracts on offer; 15 were new entrants to the oil and gas business. Three years on, none of them have started production.
Fresher hiring is expected to more than double compared to last year.
'ABCL was almost bankrupt, Amit's house was mortgaged...'
Sets up new financial services arm, Amit Goenka joins as CEO.
'I have been trying for the past five years to get a government job.'
Whether it is Nargis in Mother India or Nirupa Roy in Deewaar, Mama's a scenestealer while Dad is just a shadow. There are films that have explored the Dad's character with tender affection
The deal street has come out of the record lows in the pandemic-washed out June quarter with transaction value growing almost 6 per cent to $21.64 billion in the July-September quarter, thanks to a string of equity sales by Reliance in its telecom and retail arms, says a report.
The stakeholders want protection from any litigation which might arise due to fresh claims against the company, especially after PE funds have bought stake in the company and the resolution plan has been cleared by the bankers.
Legendary singer Lata Mangeshkar, who was in the intensive care unit of Mumbai's Breach Candy Hospital, passed away on Sunday morning. She was 92.
'The money is readily available to the depositors.'
Walmart, the world's largest retailer, is tripling its sourcing from India to about $10 billion a year by 2027, said Judith McKenna, president, and chief executive officer of Walmart International, the segment which includes the company's operations outside the US. "To achieve this, we are growing our sourcing team in India," said McKenna, during a fireside chat with YourStory founder Shradha Sharma at Converge@Walmart, the flagship event of Walmart Global Tech India. "Walmart has a 20-year history of sourcing from India and already exports more than $3 billion worth of Made-in-India goods each year to 14 markets worldwide." McKenna said the company has expertise in processes such as international standards and demand forecasting that businesses need to get ready to export.
'Whatever we are today, if playback singers are here even today, and that includes me, it is because of Didi.'
Special CBI Judge Prashant Kumar passed the order noting that the investigation was at its initial stage, and the accused was required to be quizzed.
A special PMLA court here, while taking cognisance of a charge sheet filed against former policeman Sachin Waze and others in an alleged money laundering case, has said the money trail prima facie indicates that former Maharashtra home minister Anil Deshmukh received Rs 4.7 crore from Waze and his aide Kundan Shinde.
Makes you want to pack your bags and set off for distant -- or even nearby -- climes, doesn't it?
Devangshu Datta believes you should pick stocks trading at much lower valuations than the market average.
'I am proud to say she was my voice in all my best songs.'
Investment by PEs into HLS sector dropped to $203 million in 2008-09 from $836 million in 2007-08, while the number of deals dropped 51 per cent to 21 from 43 deals. Similarly, VC investments also declined to $48 million from $80 million. In terms of deals, they dropped to 11 from 14.
'I went to Nagpur for my engineering. I used to model there, those amateur fashion shows. Then you know, I thought why not try my luck in films and all?'
Only when we are part of the same family, which will happen down the line, then, of course, we will give them (PMC depositors) all the assurance and the comfort.'
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