NEW DELHI: Vodafone Idea and Bharti Airtel reported a combined loss of Rs 74,000 crore on Thursday, the biggest ever for both telecom firms, as they made provisions following the recent Supreme Court ruling on adjusted gross revenue (AGR). But shares of Bharti Airtel climbed 9 per cent to hit a high of Rs 395.45 in Mumbai trading early Friday. Brokerages like UBS find Bharti Airtel attractively valued. Edelweiss Securities has even upped its target price on the stock on hopes that Vodafone, being low on Ebitda generation, may get out of competition, if no major measures are taken by the government to solve the AGR issue. In such a scenario, Bharti Airtel will be in a position to take up nearly 40 per cent of the ground ceded by Vodafone Idea in what would become a duopoly. On Thursday, Bharti Airtel made Rs 28,450 crore provisions as the SC recently upheld the government's position on including revenue from non-telecommunication businesses in calculating the annual adjusted gross … [Read more...] about Voda’s pain, Bharti’s gain! Why is Airtel rallying despite big Q2 loss?
Voda idea shar
NEW DELHI: Equity benchmarks Sensex and Nifty were trading flat in Monday's session. ETMarkets.com collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade: Kunal Bothra independent market expert Biocon is a 'Sell' call with a target price of Rs 280 and a stop loss of Rs 296. IndusInd Bank is a 'Buy' call with a target price of Rs 1550 and a stop loss of Rs 1475. Jindal Steel is a 'Sell' call with a target price of Rs 128 and a stop loss of Rs 140. CK Narayan of Chart Advise SRF is a 'Buy' call with a target price of Rs 3400 and a stop loss of Rs 3250. Chandan Taparia of Motilal Oswal Tata Global is a 'Buy' call with a target price of Rs 350 and a stop loss of Rs 317. (Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.) … [Read more...] about Top intraday trading ideas for afternoon trade on Monday, December 16, 2019
The 10th edition of Tech Fiesta provided a platform to showcase Capgemini’s innovation and cutting-edge solutions of the future. Capgemini organised the 10th edition of Tech Fiesta, its nationwide technology event designed to showcase innovation and intellectual property (IP) in cutting-edge technologies of the future that provide business benefits to customers. Themed as ‘Intelligent Enterprise: Unlocking Newer Possibilities’, the 2018 edition of the event was inaugurated in Mumbai by Ashwin Yardi, COO-India and Group Head Industrialisation, Capgemini. Hosted across five offices across the country, Tech Fiesta 2018 was attended by over 20,000 employees, partners and customers. Tech Fiesta is designed and driven by Capgemini’s Mumbai Applied Innovation Exchange (AIE), which is part of a global network of 12 AIEs that are at the heart of Capgemini’s innovation services delivery. A global platform designed to enable enterprises to discover relevant … [Read more...] about How Capgemini’s 10th edition of Tech Fiesta is helping to translate ideas into innovation
Mumbai: Sensex and Nifty gained 1.4 per cent each last week to close at 41,009 and 12,086, respectively. Analysts believe there is more steam left in the current upsurge. Last week’s rally was supported by strong gains on Friday, as risk was back in vogue on reports of agreement around US-China trade deal and clarity over Brexit after Boris Johnson’s Conservative Party swept the UK general elections. Jimeet Modi, Founder & CEO, SAMCO Securities & StockNote, said NSE’s 50-share Nifty continues to show bullishness as it heads towards the 12,100 level. “Nifty has formed double bottom within 3-4 weeks, which indicates a bullish bias in the medium term. It bounced back after taking support at 11,800, which shows strength,” Modi said. Other analysts said while the broader market surge may get capped after a point, the action in specific pockets should continue. Based on various brokerage recommendations, we picked 12 money-making ideas that, … [Read more...] about L&T, HDFC and SBI among 12 money-making ideas that analysts say can deliver gains over next few weeks
BENGALURU: The prospect of six public sector banks losing their identity following their merger with other lenders is giving anxious moments to long-term customers, particularly senior citizens. Their fear is the closure of the next-door branch and having to deal with a new bank with new systems following the mega-mergers announced by the government in August 2019. For 71-year-old Debabrata Ghosh and his wife Keya (60), who live in Asansol, 210 km from Kolkata, the announcement of bank mergers has been unsettling and disturbing. The couple has for decades banked with Allahabad Bank. But their bank will soon be merged with Indian Bank, which also has its own branches. Fearing the necessity of having to travel a distance of 15-16 km, the couple — who suffer from chronic severe back pain — have reluctantly decided to shift their savings in part to a private bank. Besides Allahabad Bank merging into Indian Bank, the other consolidations are Oriental Bank and United Bank with … [Read more...] about Senior citizens dread idea of bank mergers