Import tariffs china

Bharti Airtel may have ended flat on December 3, but the stock has rallied 60 percent in the last nine months and 34 percent in the last three.The decision to hike tariff has played a role in the recent rally but the telecom operator’s continued focus on operating numbers at home and in Africa, asset monetisation plans and addition of subscribers has served it well over the last few months.The revised tariffs—in the range of 50 paise to Rs 2.85 per day—for mobile customers kicked in on December 3.Close "Now we factored in 40 percent tariff hikes by FY22 against 35 percent earlier, and forecast 24 percent EBITDA CAGR and free cash flows at Rs 44,400 crore over FY21-22," said CLSA, which has a buy call on the stock. related news Experts cautious on market after 3-month rally, but are bullish on these 8 stocks 5 NBFC stocks brokerages recommend for your basket as the sector looks for turnaround Top buy and sell ideas by Ashwani Gujral, Prakash Gaba, … [Read more...] about Analysts raise target price of Bharti Airtel after tariff hike, AGR still a worry

"In terms of asset allocation, we have double weight on India, but that does not mean we are very bullish on India. Indian stock markets in index terms did remarkably well this year," said Christopher Wood, Global Head of Equity Strategy at global investment banking firm, Jefferies Group. “Given India’s low weightage, I should be triple overweight on India,” he added. He said, in Jefferies, the long term portfolio (ex-Asia Japan) - a constant area of exposure - has been Indian private sector banks. The private sector bank index performed well. The Nifty Private Bank index shot up nearly 15 percent so far in 2019, and, in the same period, the benchmark Nifty50 index gained nearly 11 percent, thanks to easing NPA concerns and structural reforms announced by the government. "We remain surprising about the collapse of growth in India with nominal rate of GDP falling sharply to 6.1 percent (with Q2 GDP at 4.5 percent, the lowest in more than six years) but earnings growth … [Read more...] about Given India’s low weightage, I should be triple overweight on India: Jefferies Group’s Christopher Wood

BSE-owned India International Exchange (India INX) on December 6 said it has listed state-owned ONGC's $300 million medium-term note issue on its debt listing platform. The maiden issue is part of ONGC's medium term note (MTN) programme to raise up to $2 billion in overseas borrowings through debt-instrument.The notes under the programme have been issued at a coupon rate of 3.375 per cent due in 2029, the release said.India INX is the country's first debt listing platform that allows raising funds in any currency of choice by both foreign and Indian issuers from investors across the globe.Close "We are happy to be part of India INX at IFSC, GIFT City to list ONGC's maiden issue of $300 million ... which offers opportunity to reach out to international investors to raise funds in a similar manner in other international markets in addition to providing single window facility for compliance reporting, " ONGC Chairman and managing director Shashi Shanker said in a statement. … [Read more...] about ONGC lists $300 mn MTN issue on India INX

Saudi Aramco is now the world's most valuable listed firm after its initial public offering (IPO) raised $25.6 billion and took its market valuation to $1.7 trillion, comfortably overtaking Apple.Aramco priced its IPO at 32 riyals ($8.53) per share, the top of its indicative range, raising $25.6 billion and beating Alibaba's record $25 billion-listing in 2014.Notably, while the biggest IPO in history and is expected later this month on the Riyadh stock exchange, it still falls short of the towering $2 trillion valuations long sought by Crown Prince Mohammed bin Salman.Close Saudi Arabia relied on domestic and regional investors to sell a 1.5 percent stake after lukewarm interest from abroad, even at the reduced valuation of $1.7 trillion. related news No apology to Elon Musk from British diver at 'pedo guy' defamation trial US likely to hit China over human rights despite trade talks John Kerry endorses Joe Biden for president Sources told Reuters earlier … [Read more...] about Saudi Aramco beats Apple to take most valuable company spot after blockbuster IPO

World Trade Organisation members provisionally agreed Thursday on a 2020 budget, likely averting a shutdown risk triggered by US threats to block funding over frustration with the body's dispute settlement court."I can confirm that the budget committee today provisionally approved the WTO budget for 2020," WTO spokesman Keith Rockwell told AFP.He added that the figure of a USD 197 million Swiss francs (USD 199.5 million, 179.6 million euros) required formal approval at a meeting next week of the General Council, the WTO's highest decision making body.Close The General Council has typically approved budgets that have been provisionally agreed by members. related news Oil drops as market awaits ratification of OPEC+ supply cut No apology to Elon Musk from British diver at 'pedo guy' defamation trial US likely to hit China over human rights despite trade talks The United States has historically been the WTO's largest financial contributor, accounting for nearly 12 percent of … [Read more...] about WTO provisionally approves 2020 budget, likely averting shutdown