Daily Headlinez Top News Updates
Goldman Sachs has a buy on Maruti Suzuki with the target price at Rs 19,000. Analysts said that for the auto major small car elasticity, Product cycle inflection and addition to the global financial services major’s APAC conviction list are some of the strong positives. They believe post GST-cuts, elasticity for small cars is favourable…
BofA Securities has a neutral rating on PB Fintech (Policybazar) with the target price of Rs 1,980. Analysts said that the company’s management sees no GST-led negative impact on health and term policies, some impact on savings business but they’re working to address the same in the next 3-6 months. Most insurer contracts on combined…
Jefferies initiated its coverage of LG Electronics India with a buy rating and a target price of Rs 1,900. Analysts said they view LG Electronics India as a strong play on the country’s discretionary spends, given its diversified mix. The company offers strong moats in the form of market leadership in multiple products, premium brand…
Citigroup downgraded Trent to sell with the target price drastically cut to Rs 4,350 from Rs 7,150. Analysts said with the overall consumption trend remaining weak bundled with increasing competition, impact of cannibalisation and new store expansion, they expect Trent’s growth rate to moderate further. They cut the company revenue estimates, and earnings before interest,…
Citigroup has a buy rating on Bharti Airtel with the target price at Rs 2,225. Analysts said the telecom services major had a steady July Sept quarter (Q2FY26), with India mobile, homes, and business segments all modestly above expectations. They said India mobile revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) grew 2.5-4%…
H-1B visas also see significant usage from financial and consulting organisations. (AI image) US President Donald Trump’s move to steeply hike the H-1B visa fees to $100,000 in a bid to create more jobs for Americans may actually end up backfiring! Major Wall Street banks are actually expected to increase their dependence on business support…
MUMBAI: Citigroup has hired Kaustubh Kulkarni, JP Morgan’s India chief, as co-head of investment banking coverage for Japan, Asia North and Australia, and Asia South. He will join in Dec, subject to approvals, and be based in Singapore, working with Jan Metzger. Kulkarni earlier served as JP Morgan’s senior country officer for India and APAC…
