Utilities preferred way for a power play: Morgan Stanley
“We believe regulated utilities are in a good position to expand their incremental market shares given benign competition,” said Morgan Stanley’s analysts Girish Achhipalia, Amit Bhinde and Pranjal Jain in a client note.
Central bankers’ models need to increase emphasis on supply side: Shaktikanta Das
“Macroeconomic models used by central banks so far have mainly focused on the demand side of the economy,” Governor Shaktikanta Das told the 59th South East Asian Central Banks Governors’ Conference held in Mumbai. “Enough emphasis was not given on supply side factors. A better understanding of the supply side of the economy has become […]
Promoter sells 1.76% stake in Vedanta for Rs 1,737 crore
Shares of natural resources major ended more than 4% lower at Rs 267.95 on the NSE. The shares, which had been pledged by its parent entity for funds, were released by its lenders only last week, enabling the sale of these shares.
Steady auto show may help M&M ride out its weak tractor demand
The company’s operating profit grew by 15% even though the tractor volume dropped by 3.5% for the December quarter. It suggests that the automotive segment has gained enough heft to deliver growth and bring counter-cyclicality to the company’s earnings. A few years ago, the automotive division contributed two-thirds to the revenue, but only one-third to […]