After pulling an about-face to become one of the best-performing technology stocks in China this year, Meituan may be primed for further gains on easing competition and improving profitability. Analysts see shares of China’s top food-delivery platform rising another 19% over the next year, on projections for record earnings. Cost cuts are helping Meituan boost … Read more
Shares of Cummins India Ltd have declined 8% since its March quarter results (Q4FY24) despite a significant Ebitda growth of 48% year-on-year. Momentum across all segments led to a 38% growth in domestic revenue. However, investors appear to be more concerned about the increasing competition in the segments affected by the new emission norms that … Read more
Like competition regulators elsewhere in the world, the Competition Commission of India (CCI) has decided to look at the impact deployment of artificial intelligence (AI) tools can have on markets. It has started the process of commissioning an external body to study recent developments and provide insights that will help it develop a comprehensive understanding … Read more