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Tata Steel’s caught between Europe and a hard place
Tata Steel’s European business dragged down its performance, underlining the impact on its performance of the failed JV with Thyssenkrupp. Its shares are falling as the going will be tough, as external factors notably the US-China trade war are affecting the global economy and demand for steel. That’s why Tata Steel has embarked on a restructuring program in India and abroad. Read here to see how it plans to ride out this rough weather and what good that can do.
HCL Technologies: Strong revenue growth
HCL Technologies’ revenue growth was healthy with a large deal and a turnaround in its BFSI business aiding growth. The company has maintained its full-year guidance and expects to end the year with its revenues leading industry growth rates. While operating margin dip was a concern, the company expects this will recover in Q2. Read what our analyst thinks about this software company’s valuations.
Sector explainer | Chemicals are a way of life. Learn how to master the game.
The chemicals sector is attracting growing investor attention as China’s tightening of environmental norms and the ongoing trade spat has seen India’s chemical companies benefit. Since you must look before you leap, our research analyst has put together an explainer that tells you everything you need to know, what to look for and what pitfalls to avoid when you consider investing in chemical companies. Read here.
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Updated Date: Aug 08, 2019 17:10:00 IST