“As of now, Nifty is trading at a P/E close to 32x, which is almost a decade high valuation, hence, the risk-reward ratio may not be favorable. I am not a big fan of predicting numbers for the index, as we have seen in the past, at times the index remains flat, but individual stocks do very well,” says Jain of Ashika Wealth Advisors. … [Read more...] about Market cap-to-GDP ratio moves above long period average; time for caution?
Where is the average temperature 75 degrees year round
While Jio had posted Earnings before Interest Tax Depreciation and Amortisation (EBITDA) growth of 55 percent, and Bharti reported Indian mobile EBITDA growth of 35 percent in the first quarter of the current fiscal, Vodafone Idea’s numbers remained stagnant, covering only half of its interest cost. … [Read more...] about Dues payment over 10 years not enough to aid Vodafone Idea; expect market gains for Airtel, Jio: Fitch Ratings
Commenting on the transaction with Silver Lake, Mukesh Ambani, Chairman and Managing Director, Reliance Industries, said, “I am delighted to extend our relationship with Silver Lake to our transformational efforts of building an inclusive partnership with millions of small merchants while providing value to Indian consumers across the country in the Indian retail sector. We believe technology will be key to bringing the much-needed transformation in this sector so that various constituents of the retail ecosystem can collaborate to build inclusive growth platforms. Silver Lake will be an invaluable partner in implementing our vision for Indian Retail.” … [Read more...] about PE fund Silver Lake to invest in Reliance Retail, buys 1.75% stake for Rs 7,500 crore
With the onset of winter not far away, Unicef is hoping to raise awareness of the grim conditions being faced by Syrian children. The organization says that more than 8 million are affected by the conflict, some losing their homes, and, possibly their families, and are about to face the bitter winter in dreadful circumstances. Unicef is working in Syria and across the region to provide blankets, clean water, and medicine. The campaign asks people to donate via a webpage. … [Read more...] about As Temperatures Drop, Unicef Highlights The Plight Of Syrian Children
The incredible development has blown the draw wide open, especially with defending champion Rafa Nadal and Federer absent this year. Nadal opted not to travel to New York because of concerns over the COVID-19 pandemic, while Federer is recovering from knee surgery. … [Read more...] about US Open 2020: Novak Djokovic disqualified in fourth round after striking line judge with ball ‘in frustration’