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ER&D sails get trimmed amid FY25 outlook fog

Indian engineering research and development (ER&D) players, such as Tata Technologies, Tata Elxsi, and Cyient, among others, had a subdued January-March quarter of 2023-24. The outlook for 2024-25 (FY25) also remains unexciting amid weak discretionary spending, prompting analysts to revise their growth expectations for the ongoing financial year (FY25).

Mohit-jain
Vamshi-krishna
Abhishek-shindadkr
Kawaljeet-saluja
Tata-elxsi
Lt-technology-services
Tata-technologies
Kotak-institutional-equities
Incred-capital
Persistent-systems
Incred-cap
Anand-rathi-institutional

GSPL share price: GSPL skids 19% after regulator halves HP Transmission tariff

PNGRB reduced the tariffs to ₹18.1/mmbtu (million British Thermal Unit), from the earlier price of ₹34/mmbtu. GSPL had asked a revision of price to ₹50.8/mmbtu to the board, which was not approved.

United-kingdom
Mumbai
Maharashtra
India
British
Nomura-hemang-khanna
Sumit-pokharna
Avishek-datta
Gujarat-state-petronet
Natural-gas-regulatory-board
British-thermal-unit

Bandhan Bank share price: Bandhan Bank tanks over 6% after CEO Ghosh steps down

Brokerages Jefferies and Nomura have slashed their target prices for the stock of the Kolkata-based lender that emerged as a full-service bank after decades of operations as a microfinancier.

Mumbai
Maharashtra
India
Kolkata
West-bengal
Chandra-shekhar-ghosh
Shrikant-chouhan
Yuvraj-choudhary
Bandhan-bank-tanks
Bandhan-bank
Credit-guarantee-fund-for-micro-units
Bank-tanks

Nifty Auto soars 75% in FY24; what lies ahead for the sector?

Nifty Auto surged 75% in FY24. Will FY25 follow a similar trend? Between passenger vehicles (PVs), commercial vehicles (CVs), and two-wheelers (2W), which segment will lead? Here s what experts believe.

India
Bharat
Sheersham-gupta
Akshay-karwa
Ashwin-patil
Maruti-suzuki
Research-analyst
Bajaj-auto
Balkrishna-industries
Tata-motors
Eicher-motors
Ashok-leyland

infosys share price: Accenture's revenue outlook cut sends IT stocks crashing

Investors reduced IT shares post Accenture s lowered revenue guidance, impacting Nifty IT, TCS, Infosys, Cyient, Mastek, LatentView, LTI Mindtree, Wipro, HCL Technologies. Cautious sentiment lingers with modest prospects till 2024.

Mumbai
Maharashtra
India
Sumit-pokharna
Mohit-jain
Pankaj-pandey
Wipro
Infosys
Tata-consultancy-services
Accenture
Consultancy-services
Anand-rathi-institutional

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