Q4 GDP GROWTH – REACTIONS

There seemed to be not as much shock as expected from the surprisingly low 4.8% GDP growth number recorded for the March quarter. While industry associations took the chance to remind the government of the need to ease money flow into the economy, Angel Broking even said the current year growth will be only 5.8%, […]

India Ratings downgrades Educomp on declining profits and revenue

Once the darling of the Indian stock markets, India’s biggest education tools provider Educomp Solutions Limited has been downgraded by ratings agency India Ratings & Research on account of declining revenue and profits. “Educomp has reduced the pace of its growth in the hitherto upfront capital intensive smartclass business (multimedia education to private schools) as […]

RCom increases tariffs by 20-30%

It is rare for a telecom company to come out with a press release announcing an across the board tariff increase, but in an era of beaten down stock valuations, companies are taking desperate measures. Reliance Communications, one of the companies that has the lowest stock valuation compared to its revenue and earnings, has announced […]