Crude oil tanks to $70, but cut in pump prices unlikely soon
Crude oil has been on a declining trajectory since last June when it reached $124 per barrel. For the last four months, prices have stayed below $90. But a rising concern about the health of the global economy in the wake of the collapse of a few banks in the US and Europe in recent […]
Fabindia, PE investors eye Rs 1,200-crore fundraise
“Fabindia is working with ICICI Securities and JPMorgan to raise funds from new investors as the company’s IPO plans have been pushed back due to the volatility in stock markets. This will largely be a secondary sale of shares by existing investors of the company. Capital raised by the company will be used for repaying […]
Changes at TechM’s helm to better performance, but in the long run
With the recent announcement of leadership change, the country’s fifth-largest software exporter is expected to focus on improving profitability and return ratios driven by account expansions and large deals. While this may support the stock’s performance in the long term, it may continue to face pressure in the near term.