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Wall St ends higher with earnings poised to ramp up

Updated at : 2023-07-18 09:20:01

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Companies scheduled to report earnings this week include Tesla and Netflix, while more big banks in the form of Bank of America, Morgan Stanley and Goldman Sachs are also on the docket to post results, following reports from peers such as JP Morgan and Citigroup last week.

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A Wall Street Journal report on July 9 named AT&T and Verizon among several telecom giants that abandoned a sprawling network of underground toxic lead cables, with a huge number of them possibly contaminating neighboring soil and drinking water sources.

Dunzo eyes $20 million more from Reliance Retail

Updated at : 2023-07-18 08:35:01

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Reliance Retail owns a 25.8% stake in Dunzo, while Google holds just under 20%. Reliance Retail’s shareholding is expected to increase in the startup if the ongoing talks lead to the Mukesh Ambani-led conglomerate making an additional investment.

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​Also, I think once the merger goes through, this concern on are we getting shrink and NIM compression, high LDR which is almost at 110% at the time of merger, I think gradually will get addressed.

The quarterly results, particularly the Q4 results were very-very decent results, much better than anybody would have expected.

Option data suggests a shift trading range in between 19400 to 20000 zones while an immediate trading range in between 19550 to 19900 zones.

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The IT pack, it has always been our belief that IT is a long term story that is going to play itself out and you are going to have these cyclical slowdowns in the middle just as what we are seeing today. Now having said that the kind of connection that a lot of these IT packs saw over the last six months has actually made them very attractive from a valuation perspective.

Sheela Foam, which owns the popular “Sleepwell” brand, announced that it will acquire a majority stake in Kurlon Enterprises that owns “Kurl-On” brand for Rs 2,035 crore.

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​So even in this quarter or the next, so it will probably be the December quarter that will tell us most of the differences. One has just hold on I guess, if you are thinking longer term. Otherwise, I think a lot of other players are doing really well in the market. IT is not the only game in town.

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Two of the three Libyan oilfields shut on Thursday, the Sharara and El Feel oilfields with a total production capacity of 370,000 barrels per day (bpd), resumed on Saturday evening, four oil engineers and oil ministry said.

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