Mumbai: The earnings upgrade-to-downgrade ratio has weakened over the past three months, with 251 companies in the Nifty 500 universe experiencing downgrades for FY24, compared with 152 upgrades, Bloomberg data showed. Among the Nifty 50 companies, 30 experienced downgrades, while 19 underwent upgrades in this period. A Bloomberg earnings upgrade or downgrade is the consensus …
Amazonhas allocated $15 million for investment in nature-based projects in Asia Pacific (APAC). The e-commerce giant has already announced an initial investment of $3 million in nature-based projects in India. In 2019, Amazon created a 100 million Right Now Climate Fund to support nature conservation and restoration projects that enhance climate resilience and biodiversity.The company …
Brokerage Jefferies has picked over two dozen stocks, including ICICI Bank, Tata Motors and Zomato as part of its India equity strategy, remaining most bullish on the financial stocks followed by consumer staples. One of the world’s leading investment and capital markets firm has cut its weight on the IT, energy and telecom sectors while …