Live: Indian IT Companies Are Ageing, Says Aswath Damodaran

Gold Silver Reports (GSR) – Indian IT Companies Are Ageing, Says Aswath Damodaran — “Indian IT companies are not dying, but ageing”, and companies like Infosys Ltd. need to come to terms with that, Damodaran, adding that only some companies will be able to adapt to the changes.

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Shyam Sekhar , Chief Ideator And Founder, iThought Speaks

Shyam Sekhar , Chief Ideator And Founder, iThought ✅ Quality of investors coming in to the market is the risk to the market. ✅ Market looks for sustainability of news in order for valuations to hold. ✅ Defensives like tech, pharma performed reasonably Well.

ICICI Bank Erases Gains After A Block Deal

Gold Silver Reports (GSR) – ICICI Bank Erases Gains After A Block Deal – Shares of the private sector lender early gains and fell as much 0.8 percent to Rs 289.55. About 20 lakh shares changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.                    

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Liberty House Bid For ABG Shipyard Rejected For A Second Time

Gold Silver Reports (GSR) – Liberty House Bid For ABG Shipyard Rejected For A Second Time – Lenders to ABG Shipyard Ltd. have rejected a resolution plan submitted by Liberty House UK for the second time, two people in the know confirmed. The Committee of Creditors rejected the bid unanimously at …

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Muthoot Capital Profit Rise 94% In March Quarter

Muthoot Capital’s Profit Rise 94% In March Quarter ☄ Net profit rose 93.5 percent to Rs 21.52 crore (YoY). ☄ Revenue rose 48.6 percent to Rs 118.6 crore (YoY) ☄ Shares of Muthoot Capital snapped 13 day gains the longest winning streak since 2006 and fell 2.6 percent to Rs 969, after the …

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Tractor Makers Rally After IMD Predicts Normal Monsoon

Gold Silver Reports (GSR) – Tractor Makers Rally After IMD Predicts Normal Monsoon — Shares of the tractor makers rallied today after IMD forecast stated that India’s monsoon rains, that water half of the country’s cultivated land, are expected to be normal for the third straight year.                                              

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Anil Agarwal, Chairman At Vedanta

Anil Agarwal, Chairman At Vedanta

☄ We have completed NCLT procedure

☄ Have sweetened the bid for Electro steel.

☄ Have hiked offer by Rs 500 crore for Electrosteel Steel to Rs 5,000 crore.

☄ Great pride for Vedanta Group to add value to assets like Electrosteel Steels.              

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Power Grid Gains On Heavy Volumes

Gold Silver Reports (GSR) – Power Grid Gains On Heavy Volumes — Power Grid Gains On Heavy Volumes – Shares of the state-run central transmission utility of India rose as much as 3.9 percent, most in six months, to Rs 207.1, extending a three-day gaining period. Trading volume of the stock was 11 times the 20-day average. It was the top gainer on the S&P BSE Power Index.      

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