Boeing is facing potential labor unrest as its largest union, the International Association of Machinists and Aerospace Workers, seeks a 40% pay raise over three or four years. The union, still aggrieved over a 2014 deal, has the upper hand due to a resurgent US labor movement and a scarcity of qualified aerospace workers. A strike could disrupt Boeing s plants in Washington and Oregon, impacting production of its 737 jets. Analysts suggest the current environment favors the union s demands, potentially risking a prolonged work stoppage and affecting Boeing s financial outlook.
Paytm’s stock fell to a six-week low of 609 rupees, erasing around $1.2 billion in value from the company also known as One 97 Communications. The stock was down 20%, at the bottom of its exchange-imposed daily trading band.
Mahesh Nandurkar says: "If one assumes that the same set of people will be presenting the next one, it would be very difficult to deviate from the February budget. So, I never took this budget lightly, I always looked upon it as the budget, maybe some small tweaks can happen here and there, but I think the broad pathway that would be set out in this budget would be the one that would continue post elections as well, so that is the first point. "
Brokerage firm Jefferies maintained a buy call on ICICI Bank post-Q3 results, a hold rating on Kotak Mahindra Bank, and a buy rating on Paytm. CLSA downgraded Zee Entertainment to sell from a buy earlier.
The opening of the Ram temple in Ayodhya on January 22 is not only a significant religious event but also holds substantial economic implications. According to a report by Jefferies, the expected $10 billion makeover, including a new airport, revamped railway station, township, and improved road connectivity, could transform Ayodhya into a global religious and spiritual tourist hotspot.
Public capex has been growing at more than 25 percent over the past four years but the pace is expected to slow down to 7-8 percent in FY25, wrote the brokerage s analysts.
Jefferies continues to express optimism about Polycab India, upholding its buy rating and setting a target price of ₹8,000 per share. The brokerage is awaiting additional information regarding the tax evasion accusations for a more comprehensive assessment.
European EV sales are stalling and need to accelerate if massive EU targets are to be met. Cheaper vehicles are a must. Germany’s axing of subsidies won’t help.