Total revenue increased 70%, year over year, and is primarily attributed to the anticipated Canadian and US economic recovery from the COVID-19 pandemic in 2020 and 2021. Read More
Private weather forecaster Skymet on Monday questioned the India Meteorological Department’s (IMD) announcement that the southwest monsoon arrived in Kerala on Sunday, three days ahead of the “normal” date. “Declaring monsoon based on single day observations amounts to gross violation of standards, never attempted in the past,” Skymet said. Going by what it called “specified objective […]
(Bloomberg) — Rogers Communications Inc. and Shaw Communications Inc. agreed not to close their C$20 billion ($15.8 billion) deal until antitrust problems are dealt with and said they’re working to negotiate a solution to Canadian regulators’ concerns. Read More
Homegrown microblogging platform Koo may have had some 30 million downloads in the last two years since its launch and offering services in nine regional languages, but it lacks the vibrancy of Twitter when it comes to debates on current affairs. The platform, which came to light a year ago when the Union government was […]
The government may set a more ambitious target to reduce the country’s elevated logistics costs, long blamed for eroding its export competitiveness, as it inches closer to finalising a national logistics policy. It will likely set a target to reduce logistics costs by as much as five percentage points over the next four-five years to […]
APHS’ Q4FY22 EBITDA was 6% lower than our estimates largely on slower hospital traction. While another delay in Healthco fund-raise is a dampener, execution stays impressive and APHS is witnessing healthy demand tailwinds across all segments. Post a 38% fall from its 52-week high, valuations are attractive. For the hospital segment, CMP implies a <16X […]
APSEZ reported an expectedly weak print in Q4. Its capex plan aims to provide the path for APSEZ to (1) reach 500-mn ton port volume target by FY2025 from 350-360-mn FY2023 guidance and (2) become a transport utility with a strong logistics offering. Up-fronting of capex and fluid market conditions would make the path to […]