Edward Johnson 
Sensing a multi-decadal opportunity for the private companies in the healthcare segment, domestic brokerage firm Anand Rathi has initiated coverage on 6 hospital stocks. The firm has suggested a ‘buy’ rating for Max Healthcare, Rainbow Children’s Medicare, Krishna Institute of Medical Sciences (KIMS), and Jupiter Life-Line Hospitals and a ‘hold’ rating for Global Health (MEDANTA), … Read more
Bottles of Pepsi soda are seen on display at a Target store on February 09, 2024 in the Flatbush neighborhood of Brooklyn borough New York City. Michael M. Santiago | Getty Images PepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations, despite a recall of some Quaker Foods cereal and bars that dented volume. … Read more
Grocery price inflation in Great Britain has slowed to 3.2%, the lowest since November 2021, as the cost of toilet rolls, butter and milk fell and people spent more on store promotions. The decline in the four weeks to 14 April marked the 14th monthly drop in a row, and compares with an annual rate … Read more
Sandeep Kalra, CEO, Persistent Systems, says “as we go ahead, as the market conditions stabilise, that will give us the opportunity to have the leverage of all the investments we have done whether they are in the next generation technologies like generative AI or increased sales and marketing investments, etc, and that should help us … Read more
When a prime minister knows he is heading for electoral wipeout, he has one of two options. He can choose dignified statesmanship, using his remaining months in power to bring about as much unity and stability as possible. Or he can choose desperation, grasping for votes by scapegoating marginalised people, and leaving division and misery … Read more
Debt-ridden telecom operator Vodafone Idea, which completed its Rs 18,000 crore FPO successfully on Monday, has seen its retail shareholding growing by 55 lakh to 36.2 lakh in March quarter. The ownership of retail investors, defined as those with holdings of up to Rs 2 lakh in the stock, increased from 3.32% in December 2023 … Read more
Australia’s prime minister has labelled X’s owner, Elon Musk, an “arrogant billionaire who thinks he is above the law” as the rift deepens between Australia and the tech platform over the removal of videos of a violent stabbing in a Sydney church. On Monday evening in an urgent last-minute federal court hearing, the court ordered … Read more
“However, on the largecap side, the valuations are not so expensive. It is just about 5% or 6% higher than the historical averages. So, if you want to construct a portfolio, having a little bit of tilt towards largecaps is a better way to manage risk,” says Harsha Upadhyaya, CIO-Equity, Kotak AMC.Let us start with … Read more
Key events FTSE 100 hits record high Boom! The UK’s blue-chip share index has hit a new alltime high. The FTSE 100 has jumped at the start of trading to hit 8068 points, up 43 points or 0.55% this morning. That comfortably clears the previous all-time peak of 8,047 points set in February 2023. This … Read more
Myth distorts any city’s musical history, and in Manchester myth looms as large as the new Co-op Live, a £365m, 23,500-capacity mega-venue that opens today and will soon be staging big-name acts, including Take That. So, for every occasion a music fan mentions the hit-making boy band or, for that matter, 10cc or the Hollies, … Read more
