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Top related persons:
Kotak - 1 Naman Tandon - 1
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India Bank of India
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Securities - 1 Kotak Securities - 1 Bombay Burmah Trading - 1 Financial - 1 Bank of - 1 Godrej Industries - 1

Search resuls for: "Bombay Burmah Trading"


4 mentions found


☆ 'We are bullish on India': As Diwali begins, these 3 stocks are set to outperform, analysts say
  + stars: | 2023-11-13 | by ( Amala Balakrishner | ) www.cnbc.com   time to read: +3 min
A strong economy, growing population and booming stock market have put India on the map for many investors this year. It can lead to stock market moves, as some investors view it as a new beginning. "We are bullish on India for Samvat 2080," Kotak Securities' analysts wrote in a recent note. Financial services company Bank of India is also on Kotak Securities' buy-rated list following higher profit booking levels. The analysts give the stock a target price range of 120-130 Indian rupees, or upside potential of up to 26%.
Persons: Kotak, Naman Tandon Organizations: Securities, Kotak Securities, Bombay Burmah Trading, Financial, Bank of, Godrej Industries Locations: India, Bank of India
☆ Factbox: India's Wadia Group whose Go First is in trouble
  + stars: | 2023-05-04 | by ( ) www.reuters.com   time to read: +2 min
NEW DELHI, May 4 (Reuters) - India's Wadia Group has survived British colonial rule and fierce business rivalries to create an empire that spans industries, from aviation and real estate to retail, healthcare, engineering and chemicals. - Founded in 1736 by Loeji Nusserwanjee Wadia, the group began as a marine construction company that built ships for the British empire, according to its website. - Chairman Nusli N. Wadia is the grandson of Pakistan's founder, Muhammad Ali Jinnah. - Go First, India's third-largest airline filed for bankruptcy protection blaming "faulty" Pratt & Whitney engines for the grounding of about half its fleet. The Wadia Group said all its transactions had been conducted in compliance with the law.
☆ IndiGo shares surge after smaller rival Go First files for bankruptcy
  + stars: | 2023-05-03 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, May 3 (Reuters) - Shares of India's largest airline IndiGo (INGL.NS) surged over 8% on Wednesday as smaller rival Go First's bankruptcy filing raised hopes of market share gains and improved yields. Cash-strapped airline Go First filed for bankruptcy on Tuesday, blaming "faulty" Pratt & Whitney engines for the grounding of about half its fleet and taking lenders by surprise. Lenders to Go First, including Central Bank of India (CBI.NS), Bank of Baroda (BOB.NS), IDBI Bank (IDBI.NS) and Axis Bank (AXBK.NS) dropped 1.1% to 6.8% on Wednesday. Go First owes financial creditors 65.21 billion rupees ($798 million), its bankruptcy filing showed. Bombay Burmah Trading (BBRM.NS), which is also owned by Wadia and has given loans to Go First in the form of inter-corporate deposits, slid 10%.
☆ Go First bankruptcy isn’t the end of the Indian airline, says owner
  + stars: | 2023-05-03 | by ( ) edition.cnn.com   time to read: +2 min
His comments came a day after the cash-strapped Indian airline filed for bankruptcy, blaming “faulty” Pratt & Whitney (P&W) engines for the grounding of about half its fleet. The airline owed financial creditors 65.21 billion Indian rupees ($797 million), its bankruptcy filing showed. Boon for rivalsGo First’s bankruptcy may boost airfares in India and give other domestic airlines a chance to grab a larger chunk of the market share, analysts said. Share prices of India’s largest airline, IndiGo, were up 5.1% on Wednesday, after rising as much as 8.2% earlier. Lenders to Go First, including Central Bank of India, Bank of Baroda, IDBI Bank and Axis Bank, fell on Wednesday.
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