"The acquisition of Apollo Tricoat has an attractive payback period of less than 3-4 years. It is the first company to introduce global Galvant technology in India. Tricoat's current capacity is around 75,000-tonne pa and enjoys high margin, which is almost 2x of APL," the report said. … [Read more...] about After a 435% return in 5 yrs, has APL Apollo Tubes run out of steam?
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National Stock Exchange of India Ltd. (NSE) has included technology consulting and digital solutions company Larsen & Toubro Infotech (LTI) in its Nifty Next 50 Index. LTI got listed in July 2016, and the company has grown rapidly during last the four years, leading to this significant milestone in its growth journey, it said in a release. The NIFTY Next 50 Index is computed basis free float methodology i.e taking the firm's equity price and multiplying it by the number of shares readily available in the market, it was noted. "It is a significant recognition as it represents top 50 companies that are considered most lucrative for investors", LTI said. Roughly over ten per cent of the stocks traded on NSE constitute from NIFTY Next 50 Index and this is increasing year-on-year, the release added. … [Read more...] about LTI enters Nifty Next 50 Index
TOKYO: You might have heard that the fear of a new virus from China is spreading faster than the actual virus. From earnest officials trying to calm a building panic. From your spouse. From the know-it-all who rattles off the many much more likely ways you're going to die: smoking, car accidents, the flu. None of it seems to matter. As the number of cases rise — more than 76,000 and counting — fear is advancing like a tsunami. And not just in the areas surrounding the Chinese city of Wuhan, the site of the vast majority of coronavirus infections. Subway cars in Tokyo and Seoul look more like hospital wards, with armies of masked commuters shooting dirty looks at the slightest cough or sneeze. A restaurant owner in a South Korean Chinatown says visitors have dropped by 90%. You've probably got a better chance of winning the lottery than buying face masks in parts of Asia. Conferences and events have been disrupted from Beijing to Barcelona to Boston. Quarrels in Japan; riots … [Read more...] about Stress, rumors, even violence: Coronavirus fear goes viral
According to the MPI, all enterprises in industries such as textiles and garments, electronics, automobiles, and pesticides are facing difficulties due to material shortages, 30-60 per cent of which are imported from China. “Enterprises’ material stock can help them maintain production until late February. If material shortages continue, they will have to halt production in March,” stated a report from the MPI’s Agency for Enterprise Development. “The hindered production will take a heavy toll on economic growth, budget revenue, employees, and the whole society.” … [Read more...] about BUSINESS NEWS HEADLINES FEB. 21
Chile and Brazil, while turning heads - and cash - toward left-leaning Mexico.The consensus among economists is that while the overall impact on Latin American growth and financial markets from the outbreak will be limited, there may be wide divergences across the region.Chile's heavy reliance on the export of commodities, especially copper, make it particularly vulnerable to weaker demand from China, its main trading partner and the world's largest buyer of commodities.It is a similar situation for Peru and Brazil - a leading iron ore producer - where almost a third of all exports go to China. In the case of Brazil, growth forecasts were already being reduced and the currency was sliding to all-time lows against the dollar before the global ripple effects of the coronavirus began. "The most exposed economies are Chile, Peru, and to some extent Brazil," said Alberto Ramos, head of Latin American research at Goldman Sachs. "The key source of downside risk to LatAm is a deterioration of … [Read more...] about Coronavirus may sideswipe Chile, Peru and Brazil economies, leave Mexico unscathed