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The firm said a lack of product pull could drive discounts higher and volumes lower, offsetting the management’s cost-cutting effort and leading to disappointment on free cash flows, which JLR can ill-afford due to its leveraged balance sheet.
Currency in circulation hits pre-demonetisation levelsCurrency circulation in India increased in the past few months, breaching the levels last seen before the end-2016 currency-swap programme, with the protracted lockdowns prompting residents to stock up on cash for stockpiling… Read MoreS&P 500, Nasdaq close at record highs on trade, vaccine developmentsApple Inc weighed heaviest on all three indexes, its stock retreating 0.8% days ahead of its 4-to-1 stock split.
from Stocks-Markets-Economic Times https://ift.tt/2YASYHc
… Read MoreGoldman Sachs upgrades SBI to buy on deft balance sheet managementThe brokerage sees SBI as one of the best proxies on improving confidence in the financial sector, which has witnessed $20 billion worth of capital raising, moderating concerns on Yes Bank and improving credit spreads for NBF… Read MoreAsian shares slip from 2-year top as economic strains pile upMSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.1% after hitting its highest since mid-2018 on Tuesday. Japan's Nikkei was off 0.1%.
from Stocks-Markets-Economic Times https://ift.tt/3j7ikUW
… Read MoreSGX Nifty up 5 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 3.5 points, or 3 per cent higher at 11,483.50, in signs that Dalal Street was headed for a flat start on Wednesday.
from Stocks-Markets-Economic Times https://ift.tt/2EEVF36
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