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Indian consumer tech brand Boult plans to go public next year, with a revenue benchmark of Rs 1,000 crore in FY25, as it expands into international markets and new categories, according to its co-founder Varun Gupta.
Both globally and in India, there is an old principle in the stock market. When stock prices stop reacting negatively to bad news, probably the worst has been priced in or one can say that the stocks have bottomed out. When the stock stops reacting positively to good news, that is probably an indication that stock has topped out as all the good news has been priced. Look at what has been happening with the IT sector. Large cap companies are announcing their Q4 results, literally everyone is showing hardly any growth. Not giving any great guidance for the current year. Now look at the stock price reaction. When Infy announced its result post market, its ADR dipped sharply by 5 % but within less than two hours it was trading with a cut of less than 2 %. Same is the case with Wipro, bad results but stock price did not fall, infact it moved up. Now take the case of smaller IT companies, they declared slightly better than expected results, stocks jumped by 7 to 8 %. Is stock price movement indicating that the street has priced in all bad news or rather bad expectations? Does this warrant that long term investors should ignore the noise on the street about how AI will kill the Indian IT sector.
A New World customer is urging shoppers to check their chicken after discovering the expensive organic poultry he buys weekly is consistently under the...
LG Chem is ramping up its support measures for partner companies by engaging in various activities ranging from reducing customers' logistics costs to creating new businesses to tackle the recent economic downturn and seek mutual growth, the company said Thursday.
It’s been six weeks since a car ploughed through the glass doors of Rotorua’s Urbano Bistro restaurant, seriously injuring Rotorua woman Sian Hapgood. The...
International distribution and services group Bunzl said revenue in the first quarter fell 2.4% on a constant currency basis, driven by lower volumes in its US foodservice redistribution business, American retail customers clearing inventory and deflation.
A disgruntled Domino’s customer has captured the moment a store owner threatened to “f***ing smash your face” after she complained about the pizza she was...