MUMBAI: Infrastructure giant Larsen & Toubro has said it is confident of meeting the targets set at the beginning of 2017-18 for sales , order inflow, and margin growth despite the first quarter of the year being weaker than expected on most parameters. Now, we have replaced 'cautiously' with 'sufficiently optimistic',” L&T CEO SN Subrahmanyan said.The Street was disappointed by the 11% decline in new orders at Rs 26,352 crore.cautiously crore economic growth inflow meeting On optimistic Rs year
MUMBAI: Fitch Ratings has placed Lodha Developers Pvt Ltd's (Lodha) 'B' Long-Term Issuer Default Rating (IDR) and the 'B' long-term rating on its outstanding $200 million 12% unsecured unsubordinated notes due 2020 on Rating Watch Negative (RWN).According to the ratings agency, this action was prompted by the company's announcement that it is seeking the consent of the holders of its US dollar notes to amend certain covenants in indenture and to waive a breach of covenants.The Rating Watch Negative (RWN) will be resolved following a review of the outcome of the consent solicitation. As of 30 June 2017, Lodha and certain restricted subsidiaries advanced loans and provided shortfall guarantees to its 40%-owned joint-venture in London - which is not part of the original restricted group, in excess of the consolidated net income basket limit allowed under the bond indenture.Concurrent with the consent solicitation process, Lodha is seeking consent to reorganize, such that the London properties become part of the restricted group as Lodha increases its stake in the London properties to at least 75%.Fitch notes that the company has until 9 August 2017 to obtain bondholder consent.bond consent Fitch Lodha London notes rating restricted Rs crore Seeking
Of all the industry groups that make up the stock market, retail is the most hated based on the amount of money hedge funds and other investors are betting against the stocks.
Bespoke Investment Group highlighted "the most hated stocks in the world" in a report published this week analyzing the names being sold short by the most money.broker groups hated industry market money Retail shares sold stock
Tobacco stocks went up in smoke on Friday after the FDA said it wants to slash the level of nicotine in cigarettes to make them less addictive and easier to quit.
Shares of British American Tobacco (BTAFF), the maker of Camel and Newport cigarettes, slid nearly 7% in London on the news.addiction addictive Altria cigarette FDA maker nicotine shares stocks tobacco
MUMBAI: HDFC will sell 9.57% stake in HDFC Life through an IPO in the coming months, becoming the third major life insurer to list on stock markets. British insurer Standard Life, which owns 35% in the insurance JV, is also expected to sell a portion of its shares.The announcement follows last week’s decision by the HDFC Life board to sell up to 20% of its equity in a public offering.board HDFC insurance insurer IPO owns sale shares standard The
Improved strategic positioning and non-demanding earnings multiples outweigh concerns about cash flow conversion and a moderate amount of debt being taken on as of recent. Amidst a non-demanding earnings multiple and improved strategic positioning, Intel looks quite appealing, even if cash flow conversion remains challenged and the company has taken on a very manageable debt load as of recent.Altera business earnings GAAP growth Intel Mobileye non quarter sales
As Amazon's (AMZN) stock price has gone through the roof this year, it seems inevitable that people will question the value of the company, words like "bubble" appear all too regularly when it comes to Amazon.
Long-term investors are aware how undervalued Amazon is today.Amazon AWS earnings growth investors Kindle market Prime Revenue years
Investors are obviously disappointed by the dismal share performance of Paratek (PRTK), despite the positive ABSSSI oral-only trial. If doctors were the best biotech investors, we wouldn't have any hospitals anymore, but only biotech billionaires sipping drinks on their yachts.antibiotic commercial discharge Hospital market option oral Paratek patient therapy
Washington will also be a focus after a week of failure and dysfunction. A new worry has also been creeping into the markets as traders begin to focus on the fact that the budget debate and debt ceiling are next up when Congress returns in September.Boockvar data dollar Emanuel focus market NASDAQ report sell off stock