Indian shares open lower on rate fears after Powell's testimony
Indian shares opened lower after U.S. Federal Reserve Chair Jerome Powell reiterated the likelihood of aggressive rate hikes to tackle inflation. Key Points
India TodayVoda Idea in advanced talks with vendors for 5G rollout, launch subject to funding
Vodafone Ideas chairman Ravinder Takkar, in turn, has reiterated that the telco remains committed to ramping up 4G coverage and launching 5G. “The company will continue to make investments for expanding 4G coverage and capacity, especially in its 17 priority circles and introduce 5G services once funding is in place,” Takkar said in Vis latest annual report. Key Points
Economic TimesTCS shares jump over 3% as Q3 earnings beat Street estimates. Should you buy?
Tata Consultancy Services (TCS) shares jumped over 3% following its Q3 results. Morgan Stanley upgraded the stock to Overweight, while Motilal Oswal and Nuvama reiterated their buy stance. TCS reported higher-than-expected revenue but lower bottomline. Morgan Stanley raised the price target to Rs 4,240. Motilal Oswal has a target of Rs 4,250. Nuvama revised the target to Rs 4,500. Kotak maintained an Add rating. Key Points
Economic TimesReuters NEXT-BofA CEO expects soft landing for US economy
Bank of America (BAC.N) CEO Brian Moynihan on Wednesday reiterated his expectation of a soft landing for the U.S. economy, saying the lender was seeing a slowdown in consumer spending. Key Points
ReutersBajaj Finance Q2 earnings meet Street estimates. Should you buy this stock?
Bajaj Finance shares declined even as the NBFC firm posted a strong performance in the September quarter. While Jefferies and CLSA reiterated their buy views on Bajaj Finance, domestic brokerage Motilal Oswal remains the most bullish in terms of targets among others. However, the chinks in its armour remain on the margins front, according to analysts. Key Points
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