Raymond James analyst Buck Horne reiterated a Market Perform rating on the shares of Lennar Corp LEN after the review of 4Q22 results. Lennar reported 4Q22 GAAP EPS of $4.55, which included $0.25/share of mark-to-market tech investment losses and $0.22/share of land/backlog/option charges. The company expects 1Q23 EPS to be in the range of $1.40-1.70. The … Read more
The benchmark indices continued trade with moderate gains in mid-morning trade. The Nifty traded above the 18,300 level after hitting the day’s low of 18,244.55 in early trade. Auto, FMCG and financial services stocks were in demand while IT, healthcare and pharma stocks edged lower. At 11:30 IST, the barometer index, the … Read more
Dec 18 (Reuters) – U.S. defense contractor L3Harris Technologies Inc (LHX.N) said on Sunday it would buy Aerojet Rocketdyne Holdings Inc (AJRD.N) for $4.7 billion in an all-cash transaction, as it looks to tap into rising demand for missiles amid the Ukraine conflict. Reporting by Nathan Gomes and Kanjyik Ghosh in Bengaluru; Editing by Rashmi … Read more
As slowdown in the global economy continues to weigh on the demand for Indian goods, export financing has also seen a sharp decline at around 28 per cent during the first seven months of the current fiscal. According to the recent RBI data, export credit has fallen from Rs 23,330 crore as on March 25, … Read more
More than half of India’s energy demand to be met by non-fossil sources by 2030 Photo : BCCL New Delhi: By 2030, India is expected to meet more than half or 62 per cent of its total energy requirements from non-fossil sources. This is around 12 per cent more than the target. At present, the … Read more
Indian exporters have asked for inclusion of support measures like waiver of electricity duty and easier availability of credit in the upcoming Union Budget for 2023. The inclusion of such measures will boost the country’s outbound shipments. According to exporters, the finance ministry needs to provide reasonable funds to the Department of Commerce not only … Read more
India, whose per capita consumption is significantly lower than that of developed economies, will contribute 10 per cent of the incremental growth of global petrochemical demand, Oil Minister Hardeep Singh Puri has said. Petrochemicals, which turn oil and gas into all sorts of daily products — such … Read more
New Delhi: Union petroleum minister Hardeep Singh Puri today addressed the Plenary Session at the 7th Petrochemical Conclave.Speaking at the Plenary session, Union minister Hardeep Singh Puri said the petrochemical market size is currently in India at about USD 190 billion, whereas the per capita consumption of petrochemical segments is significantly lower, compared to that in … Read more
The federal sports minister has poured cold water on the prospect of the Commonwealth chipping in to fund the proposed new stadium in Hobart, labelling it “a lot to ask”. Key points: Federal Sports Minister Anika Wells says she does not believe a Tasmanian AFL team should be contingent on a $750 million stadium The Tasmanian … Read more
The global PCB design software market is estimated to be worth USD 2,482.3 million by 2022 and is projected to register a CAGR of 13.6% over the forecast period 2022-2028. The PCB Design Software market Industry Report provides in-depth market data and sharp insights on the market’s size, growth, forecasts, and other issues. Additionally, it … Read more