In a release to stock exchanges on Monday, Jio said it has signed a 50:50 joint venture with BlackRock for incorporating wealth management and brokerage companies in India. Both companies have a similar partnership for the asset management venture.
ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrong
Kotak Securities estimates ITC’s tobacco business is valued at just 11X forward earnings, suggesting potential undervaluation. The brokerage sees stronger growth in non-tobacco businesses and