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Infosys has reported a weak set of numbers for the fourth quarter as its revenue in constant currency terms slumped 3% sequentially. The operating margins were also under pressure at 21%. Following the results, Infosys ADRs on Thursday slumped nearly 9%. The stock is likely to react negatively on Monday

Wadias look to shed stake or exit Go First

Updated at : 2023-04-17 08:35:04

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Go First, which made its highest annual financial loss to date in FY22, has been tackling huge operational issues in the past few months as half of its aircraft have been grounded due to supply chain disruptions pertaining to Pratt & Whitney (P&W) jet engines.

Warburg Pincus, Kedaara in talks to acquire Watertec

Updated at : 2023-04-17 08:35:04

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Watertec (India) Pvt Limited was set up in 1997 as a three-way joint venture among Coimbatore-based UMS Group, Watertec Malaysia and Sri Lanka-based South Asian Investments. It is the leader in the plastic bath fittings and accessories market. It sells bathroom fittings, accessories and sanitaryware across polymer, chrome-plated, and affordable luxury categories.

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Adding to the mix of resilient U.S. economic data was a strong run of first-quarter 2023 earnings from JPMorgan Chase & Co, Citigroup Inc and Wells Fargo & Co, brushing off concerns about a banking crisis that unfolded in March.

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The asset class stands to benefit from benchmark rates that are higher - and inflation rates that in some cases are lower - than in the US. In Latin America, central banks acted quicker than the Federal Reserve when price pressures started bubbling up, ultimately tightening more.

Nifty likely to aim for 18,200-18,300: Analysts

Updated at : 2023-04-17 07:20:04

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​We reiterate our preference on banking, financials, FMCG and auto; and be selective in others. Axis Bank has formed a strong base around the long-term moving average.

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The index analyzes monthly changes in key inputs that factor into calling a recession, including capacity utilization, jobless claims, manufacturing and sentiment. It indicates that an economic downturn possibly started in June and bottomed in December.

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Coca-Cola set to buy minority stake in Thrive

Updated at : 2023-04-17 07:20:04

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Will push consumers to order its beverages only with orders on food delivery platform.

Bajaj Finance, Cholamandalam Investment and Finance and Shriram Finance may lead the growth due to strong consumer demand and as they continue to have access to funds.

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