ICICI Bank Ltd (ADR) (NYSE:IBN) Prudential Asset Management Co. Ltd is looking to raise an alternative debt fund with a corpus of Rs.1,000 crore, according to two people close to the development who asked not to be identified. The fund will look at providing structured financing (a mix of debt and equity) to companies and promoters, a strategy similar to that adopted by large private equity (PE) firms such as KKR and Co. that have lately sharpened their focus on the segment in India. ICICI Bank Ltd (ADR) (NYSE:IBN) net profit margin is 49.60% and weekly performance is 9.43%. On last trading day company shares ended up $47.94. Analysts mean target price for the company is $52.00. ICICI Bank Ltd (ADR) (NYSE:IBN) distance from 50-day simple moving average (SMA50) is 11.52%.
Tata Motors Limited (ADR) (NYSE:TTM) announced that SVLL Connect Pvt. Ltd., a group company of Siddhi Vinayak Logistic Ltd., has placed a record order of 2,000 passenger vehicles, spanning one year. One of the largest companies in the rapidly growing road transportation sector, the order is SVLL Connects single largest in the personal passenger carrier segment. Tata Motors Limited (ADR) (NYSE:TTM) shares advanced 1.33% in last trading session and ended the day on $39.56. TTM gross Margin is 37.90% and its return on assets is 6.40%.Tata Motors Limited (ADR) (NYSE:TTM) quarterly performance is 28.61%.
Infosys Ltd ADR (NYSE:INFY) a global leader in technology, consulting and outsourcing solutions, has been recognized as a winner in the 2014 Simulating Reality contest. The contest is organized by MSC Software, a worldwide leader of multidisciplinary simulation solutions. The winning team from Infosys used MSC’s simulation technologies to better diagnose osteoporosis and accurately quantify fracture risk. Infosys Ltd ADR (NYSE:INFY) shares moved up 0.22% in last trading session and was closed at $54.42, while trading in range of $53.96 – $54.69. Infosys Ltd ADR (NYSE:INFY) year to date (YTD) performance is -3.85%.
Leave a Reply