"The disruption caused by the COVID-19 pandemic in India affected the performance of Titan Company severely with retail outlets closed for a major part of the quarter, resulting in a decline in income of 62 percent for the first quarter of the financial year 2020-21," the company said in its BSE filing. … [Read more...] about Titan Company shares slip 4% post June quarter results; Morgan Stanley remains underweight
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During the government shutdown in early 2019, the USDA announced that it would delay its monthly report on supply, demand, and trade for 20 crops. The result would have caused chaos among farmers, investors, and food manufacturers, so Sara Menker, founder and CEO of Gro Intelligence, released her company’s forecasts for 35 crops (more than 90% of which matched what the government later reported). Gro, founded in 2014, uses artificial intelligence to generate daily agriculture reports, scraping the web for weather forecasts, satellite imagery, and government and industry reports across hundreds of sources and languages. It generates more than 1,000 models, including specific regions and crops, compared to the 55 estimates generated in the monthly USDA report. This data helps companies decide what to sell, where, and at what price, and informs lenders, insurance companies, and policy makers. Ethiopia-born Menker was inspired to start Gro while working at Morgan Stanley during the … [Read more...] about Meet the Ethiopia-born Morgan Stanley vet who’s using AI and data to revolutionize agricultural trading
Morgan Stanley Asia Singapore, Camas Investments, Caladium Investment, Copthall Mauritius Investment, Societe Generale and Credit Suisse Singapore are among the FIIs that bought shares of Bandhan Bank, data on the BSE showed. … [Read more...] about FIIs lap up Bandhan Bank shares as promoters offload stake
Japanese broking firm Nomura also has a buy rating with target at Rs 230 per share. It is of the view that the PSU bank delivered a strong operating performance with sustainability being the key. Banks should be able to navigate current cycle well. Overall core PPoP/Asset and a weak capital position are concerning. … [Read more...] about SBI share price gains on Q1 profit; CLSA, Nomura, Kotak recommend buy
Concerns have remained from high NBFC share, while a high mix of corporate/SME book can see higher restructuring and hence we believe, high credit cost will continue to remain a challenge to profitability. Decent flow in low-cost liabilities and strong PCR of 72 percent provides some comfort to the balance sheet. … [Read more...] about Bank of Baroda: What should investors do after Q1: buy, sell or hold?