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Thursday, January 19, 2017

IIFL cuts by 3 per cent aviation volume growth assumption

The domestic air travel industry has grown at around 20% since mid-CY2014. However, this coincided with a significant increase in supply; hence, pricing was under pressure. The post IIFL cuts by 3 per cent aviation volume growth assumption appeared first on The Financial Express.

Rupee hits record low of 68.86 by plunging 30 paise against US dollar

Rupee's unabated free-fall continued for the fifth straight day today as it weakened by another 27 paise to hit a fresh 9-month low of 68.83 against the dollar in early trade amid foreign fund outflows and the greenback's surge in overseas markets. The post Rupee hits record low of 68.86 by plunging 30 paise against US dollar appeared first on The Financial Express.

Sensex to hit 30,000 mark by September 2017, instead of March: Citi

Citi expects the Sensex to hit the 30,000 mark by September 2017, as against the earlier projection of March 2017. The post Sensex to hit 30,000 mark by September 2017, instead of March: Citi appeared first on The Financial Express.

Rupee dives to lowest level since August 2013! 5 reasons why the Indian currency...

The Indian rupee has plunged to its lowest level in over 3 years, 68.86, and there is no respite in sight. The post Rupee dives to lowest level since August 2013! 5 reasons why the Indian currency is in a free fall appeared first on The Financial Express.

As stock markets plunge, promoters pledge more shares; Vivimed Labs, TGB, Premier, Reliance Power...

With the markets in free fall, promoters have been compelled to pledge more shares as collateral against funds borrowed, data compiled from Capitaline shows. The post As stock markets plunge, promoters pledge more shares; Vivimed Labs, TGB, Premier, Reliance Power in list appeared first on The Financial Express.

After demonetisation hit, Indian equities trading at a premium to emerging market peers

Despite the sharp sell-off seen in Indian equities since the government’s move to demonetise high-value currency notes, the Indian market trades at a premium to emerging market peers, data compiled from Bloomberg shows. The post After demonetisation hit, Indian equities trading at a premium to emerging market peers appeared first on The Financial Express.

IT stocks fail to cash in on record rupee fall

Although the rupee hit a new low on Thursday against the dollar, IT stocks barely reacted gaining just between 0.8% and 2%. Mindtree’s shares were up around 2% during Thursday’s trading session followed by Tech Mahindra whose stock was up around 1.7%. The post IT stocks fail to cash in on record rupee fall appeared first on The Financial Express.

Zee Entertainment rated ‘Buy’ after acquiring TV portfolio of Reliance Broadcast

Zee Entertainment has announced that it is acquiring the TV portfolio of Reliance Broadcast (RBNL) for a consideration of Rs 2.98 billion. The post Zee Entertainment rated ‘Buy’ after acquiring TV portfolio of Reliance Broadcast appeared first on The Financial Express.

Kotak maintains ‘Sell’ rating on Siemens

Disappoints again. FY2016 earnings were below estimate led by lower-than-expected margin. Order inflow has been strong through this year and provides good revenue visibility for the next year. The post Kotak maintains ‘Sell’ rating on Siemens appeared first on The Financial Express.