Top Headlines: GST e-invoicing for firms, corporate earnings in FY23 & more

The central government is planning to make GST e-invoicing mandatory for companies with a turnover of Rs 5 crore and above, thus bringing the threshold down from the current Rs 20 crore, a government official said. The creation of formal jobs for those in the 18-21 age group in India has … Read more

oil: Windfall tax could erode earnings of oil companies, refiners by 5-15%

Typically, refining companies are ascribed EV/EBITDA multiples of 8-9 times in upcycles; this may drop by 1-2x due to the windfall tax and uncertainty over sunset for the recently introduced export curbs. Synopsis Stocks of refiners and explorers plunged last week after the government announced the tax. ONGC and Reliance Industries (RIL) were the leading … Read more

Truist cuts Netflix estimates, stays on sidelines into earnings (NASDAQ:NFLX)

Mario Tama/Getty Images News A look ahead at Netflix’s (NASDAQ:NFLX) highly anticipated earnings report has led to newly lowered estimates at Truist Securities, which is staying Neutral on the stock as it evaluates the advertising opportunity ahead. Mobile app download growth – a proxy for gross subscriber additions – decelerated a bit in the second … Read more

hdfc agm: Corporate Radar: Bajaj Auto, Biocon to turn ex-dividend; MMTC Q4 earnings, HDFC AGM & more

NEW DELHI: A host of board meetings and corporate actions are scheduled for Thursday. Shares of 19 companies — A-1 Acid (Rs 1.5 per share), Bajaj Auto (Rs 140 per share), Bajaj Finance (Rs 20 per share), Bajaj Finserv (Rs 4 per share), Bajaj Holdings (Rs 25 per share), Biocon (0.5 per share), Escorts Kubota … Read more

Adobe Stock Is Falling After Hours. Earnings Guidance Was Disappointing.

Text size Software giant Adobe’s light guidance overshadowed a strong fiscal-second-quarter report. Dreamstime Adobe stock is losing ground in late trading Thursday after the provider of software for creativity, marketing, and documents provided softer-than-expected guidance for both the August quarter and the full fiscal year ending in November. Adobe is feeling the effects of both … Read more

rbi: Nifty earnings have so far weathered the global storm, but can RBI rate hikes derail the story?

NEW DELHI: When it comes to earnings, Indian corporates have displayed their mettle in the previous quarter, notching up growth of around 14 per cent year-on-year despite the prolonged war in Ukraine, surging commodity prices and global supply disruptions. Topline growth at the Nifty level excluding financials was at 9.8 per cent quarter-on-quarter and 24 … Read more