Jithin John News Today

The products and services will be available under the Birla Opus brand

ITC stock slipped over 4 per cent on Thursday (February 8) after British American Tobacco (BAT) said it could sell some of its stake in the company, recovering partially in trade. The stock of the cigarette-to-hotels conglomerate traded at Rs 420 levels, rising 1.3 per cent in intraday deals as compared to the S&P BSE Sensex that traded flat for most part of the day. The development, meanwhile, saw Jefferies downgrade the stock to hold from buy earlier with a target price of Rs 430, down a huge ...

The brokerage, which has a buy call on Zomato stock, said that this looks like an unrelated acquisition on the face of it

"Honasa, better known through its flagship brand Mamaearth, enjoys a significant moat as a scaled-up internet-first franchise," said the brokerages analysts Vivek Maheshwari, Kunal Shah and Jithin John in a note to clients. "The company has been able to transform itself into a house of brands with 33% of revenue now from newer brands."

Cricket attracts over 85% of all sports-related sponsorship and media spending in India. The brokerage said the last edition in 2019 saw 750 million unique viewers and 14 billion hours of total viewing time.

“Even as the grim prospects of hard landing have receded, global growth is likely to remain low by historical standards in the medium-term,” RBI Governor Shaktikanta Das said.

ITCs move to demerge the hotel business into a new entity, ITC Hotels Ltd, is a step in the right direction and will allay investors concerns on the companys capital allocation strategy in the medium-to-long term, said analysts at Morgan Stanley in a note. According to the company, the board of directors has approved in principle the demerger of the hotels business, wherein ITC will hold a 40 per cent stake in the new entity, and the remaining 60 per cent will be held directly by shareholders. T...

According to a Jefferies report, while the premium consumer segment comprising premium apparel, jewellery and paints reported double-digit growth, most other mass-oriented companies reported weak to moderate demand trends