Browsing Tag
ABB
Bounce back on cards! 90% of auto stocks are still trading above 200-DMA: Anand James
Auto stocks look to have been consolidating and are gearing up for an uptrend. More than 80% of the stocks are having their 14D RSI between 50 and 60, indicating strength,” says Anand James,…
ABB India mulls utilising Rs 1,800 cr for acquisitions to drive growth
New Delhi, Electrification and automation major can utilise around Rs 1,800 crore of its cash balance for inorganic growth or acquisitions apart from organic expansion plans, a top company…
Kotak Institutional Equities throws out 3 stocks from model portfolio
Post-budget, domestic brokerage Kotak Institutional Equities (KIE) has initiated a portfolio rejig. Citing proposed changes in the taxation of life insurance companies and expensive…
ABB sells its power conversion division for $505 million By Reuters
© Reuters. FILE PHOTO: The logo of Swiss power technology and automation group ABB is seen at the Swiss Economic Forum (SEF) conference in Interlaken, Switzerland May 24, 2019.…
Rs 10,000 crore-blow! 2 biggies faced most of FII outflow brunt
NEW DELHI: With foreign investors or FIIs pulling out Rs 15,000 crore in the first fortnight of the new year 2023, two heavyweight sectors - IT and financials - saw selling worth around Rs…
Capex theme a 10-year story; for India, big time infrastructure spending has just…
“In the smaller pockets of southern India, there are many small companies which are probably suffering more because of the economics of scale and in the southern pocket, one could see some…
India is a two-step forward, one-step backwards story; see how things evolve over…
“India has always been a story of two step forward, one step backward. For whatever reasons, something or other holds us back in terms of acceleration of growth. So that is the biggest…
ABB bribe scheme in SA nearly collapsed over division of loot, US says
A scheme by employees at Swiss industrial firm ABB to pay bribes for contracts at South Africa’s state-owned power utility nearly fell apart in a dispute over who would share in the spoils,…
India’s capex cycle sets the stage for a $10 trillion economy
India has moved from a $300 billion economy to $3 trillion in 30 years. The vision is to become a $10 trillion economy by 2031. This transformative journey is backed by multiple growth…