Shares of Tata Communications edged higher on April 18, a day after the company reported a consolidated net profit of Rs 321.20 crore for the quarter ended March 31, 2024, up 7.2 times sequentially and almost in line with Street estimates. The company's total income grew 1.8 percent on-quarter to Rs 5,748.7 crore.The EBITDA margin, a key measure of profitability, stood at 18.6 percent for the Marc...

The Indian benchmarks traded higher intraday amid volatility on April 18. According to experts, the Nifty's move below 22,200 in the last trading session suggests the possibility of a dead cat bounce of 150-200 points, reaching the 22,300-22,350 zone.Fresh long positions for a significant directional move of 400-500 points are recommended only above 22,400.At 10:29 am, the Sensex was down 8.20 poi...

Ambuja Cements' entry into the high-priced Kerala and Tamil Nadu markets won't be disruptive just yet, according to a report by analysts at brokerage Nomura.The analysts wrote that the incumbents are well-placed and that they do not expect any pricing pressure immediately. The incumbents include Ramco Cements.  In its  April 16 report, Nomura issued a reduced call on Ambuja Cements, with a targe...

The green energy ecosystem in India is likely to get a boost with the land allocation at Kandla Port for green hydrogen and green ammonia set to bring in major private players, and a steep fall in imported photovoltaic (PV) cell prices.The development at the Kandla port in Gujarat may help position India as a key player in the global green power landscape, Nuvama said in a note, as it aligns with ...

Tesla chief Elon Musk will be on a two-day visit to India over the weekend, on April 21 and 22. The billionaire is scheduled to meet Prime Minister Narendra Modi and is also expected to announce some major decisions regarding Tesla and his Starlink internet service.Senior Tesla executives reportedly held a meeting with the Rajasthan government recently. Rajasthan is the latest in a growing list of...