WebSify
Follow us on
Philips said on Tuesday it would break its 120-year-old company in two, creating a stand-alone lighting business and merge consumer and healthcare divisions into a 15-billion euro business.The company said the new structure would bring cost savings of 100 million euros (128.46 million US dollar) next year and a further 200 million euros in 2016. It expects restructuring charges of 50 million euros ...
Credit Suisse upgrades Tata Motors Ltd to "outperform" from "neutral." Says near-term concerns on factors such as volume abating.Says Tata Motors shares have under-performed the auto sector recently and the "long-term story remains promising."But Credit Suisse downgrades Mahindra and Mahindra to "neutral" from "outperform."Says Mahindra's valuations are no longer "attractive."Tata Motors shares gain ...
Stocks of jewellery companies jumped up to 20 per cent on Monday, owing to expectations the fall in bullion prices would lead to a sharp jump in retail sales during the coming festive season. Shares of Delhi-based P C Jeweller soared 20 per cent to close at Rs 258.25 apiece, while those of Shree Ganesh Jewellery rose 15 per cent to Rs 33.29. The Gitanjali Gems, Asian Star and Rajesh Exports stocks ...
The falling price of gold is expected to improve its demand and, hence, import. The sector estimates a rise in the latter of five to seven per cent in quantity over the coming months but not in value terms, due to the fall in price. Hence, the import bill is unlikely to be much higher. Import had risen in June to 97 tonnes, after the Reserve Bank granted permission to star trading and export houses. ...
most popular on facebook
talking point on sify finance