Nomura has a buy on Infosyswith the target price at Rs 1,720. Analysts said that at the meeting with the company’s CFO, it was clear that the IT major’s focus on cash flow generation will continue and it would be disciplined while going for mergers & acquisitions.The stock remains Nomura’s top pick.CLSA has an underperform…
Nomura has maintained its buy rating on CG Powerbut has cut the target price to Rs 825 from Rs 900 earlier. Analysts said that while the company beat analysts’ estimates on inflows, its railway business dragged down its margin. They feel demand tailwinds are intact for power systems.However, the company is gaining market share in…
An air traffic control facility that guides planes at Newark Liberty International Airport suffered a brief radar outage on Friday morning, the latest technological disruption at one of the nation’s busiest airports. The Federal Aviation Administration said that the outage, which affected communications and radar displays at the facility in Philadelphia, occurred just before 4…
On a recent afternoon in Philadelphia, an air traffic controller began shouting that he had lost his radar feed for planes flying in and out of Newark Liberty International Airport. Some of his colleagues still had radar but their radios went dead, prompting frantic calls to their counterparts in New York urging them to keep…
Why would any Indian parent abandon their children, taking them all the way to the US border? Indians are among the thousands of parents who leave their children on the Mexico-US or Canada-US borders in the hope of citizenship for the children, and themselves. Over 500 unaccompanied minors from India were apprehended in the US…
Pakistan seems to be losing sleep over a possible retaliation by India following the Pahalgam terror attack and has taken several steps along the Line of Control (LoC) to detect possible manoeuvres by the Army. As per exclusive information received by India Today, the Pakistani army is moving its radar systems to forward locations in…
Canada has made a 6 billion Canadian dollar ($4.2 billion) deal with Australia to develop a cutting-edge radar for the Arctic that can detect hypersonic missiles and other threats over the curvature of the earth, Prime Minister Mark Carney announced on Tuesday. Mr. Carney also announced hundreds of millions of dollars in new spending to…
Canadian Prime Minister Mark Carney announced acquisition of a $4.2 billion radar system from Australia. Canada has been eyeing to increase its presence in the Arctic region which holds significance amid the climate change, and shifting economic interests around the world. On Tuesday, Carney made the announcement during his visit to Nunavut, the Canadian territory…
A footage of an air traffic control radar screen showing the flight radar view of an American Airlines plane colliding with a US military helicopter has gone viral on social media. The flight radar shows how the US Army Black helicopter, carrying three Army personnel – with call sign PAT25 – hit the American Airlines…
Axis Securities has downgraded Hindustan Unilever to ‘hold’ rating with a target price of Rs 2,520 (+8%). Analysts expect near-term challenges for the company to persist with subdued demand in urban areas, increased competitive intensity, and volatility in key raw material prices. These factors are likely to impact volume growth and margins in the near…