HSBC initiated coverage on Krishna Institute of Medical Sciences (KIMS) with a ‘buy’ rating while assigning ‘reduce’ rating to Global Health (Medanta) and Narayana Hrudayalaya. The brokerage has a ‘buy’ rating on Apollo Hospitals and Aster Healthcare. “We retain our positive view on the growth outlook for the hospital sector on intact structural drivers: An … Read more
ET Intelligence Group: Premier Energies, a manufacturer of solar cells and modules, aims to raise ₹2,830 crore through an initial public offering (IPO) that is set to open on August 27. Of this, ₹1,291 crore will be generated from a fresh issue of shares, which will be used for capacity expansion. The remaining will come … Read more
Gautam Singhania, Chairman & MD, Raymond, says the company has invested a lot of capex for capacity expansion, which has all just come online/ It is perfectly timed. They have the capacity to offer to customers who want to move from Bangladesh to India. I must congratulate you for the kind of decisions the group … Read more
Jayant Acharya, Joint MD & CEO, JSW Steel, says , from a volume perspective they are good to go. The hot strip mill in Vijayanagar has been commissioned. The integrated facilities are under commissioning in the next two months or so but as they ramp up, the production volumes will increase. Similarly, BPSL phase 2 … Read more
Maruti Suzuki India is aiming to outpace the domestic industry this fiscal by selling about 2 million vehicles, marking an 8.1% increase, according to a plan shared with the automaker’s suppliers at a two-day vendor meet in Antalya, Turkey that began on Monday. Maruti’s targeted growth is 350-500 basis points higher than the auto industry … Read more
Indians’ love for larger, feature-rich vehicles, coupled with a concerted push to deepen local content, is turning into a boon for auto parts makers with domestic component sales rising 6.5%, on a high base, to a whopping $36.1 billion in the first half of this financial year. The shift in consumer preference is driving up … Read more
