Mumbai: Shares of Titan Company plunged 7.2% Monday after fourth-quarter results showed profitability is under pressure. Most analysts trimmed their price targets on the stock, but the forecasts still imply upside of 8-22% over Monday’s closing price of ₹3,281. Analysts said rising gold prices could dent demand for Titan’s products. “There is a notable and … Read more
Mumbai: Tata Communications is going the sustainable way when it comes to raising funds, with the telecom company hiring Bank of America (BofA) to advise it for a financing framework which aims to unlock access to funds of around $1 billion over the next two years. The bank is advising the Tata Group company on … Read more
Fundraising activity in India will be stronger than ever over the next two years as conglomerates, tech firms and financial services providers hunt for capital to fuel growth and owners seize the moment to sell holdings, Bank of America Corp.’s co-head of investment banking in the country said. “2023 was the year of block trades, … Read more
