CEO Fired
iGate sacks CEO Phaneesh Murthy
Outsourcing company iGate Corp said it had sacked its Chief Executive Phaneesh Murthy for not disclosing a relationship with a subordinate after investigating one of India's best-known IT executives for sexual harassment. Full Article
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
MARKET EYE-UBS downgrades Colgate citing higher valuations
 |
Chelsea Flower Show
The Queen, Prince Harry as well as garden gnomes turn up at the 100th annual Chelsea Flower Show. Slideshow
* UBS downgrades Colgate Palmolive India Ltd to "neutral" from "buy", saying the stock has well outperformed the consumer sector since Oct. 1, 2012. * However, UBS says it remains a believer in Colgate, raising its target price to 1,720 rupees from 1,600 rupees. * "Colgate India is one of the most fundamentally sound companies in the consumer space, and that its brand strength and competitive management will continue to drive growth and margin expansion," UBS says in a note dated Thursday. * Colgate has risen 27.7 percent since the close of September 2012 compared with the BSE consumer sector index's 5.5 percent rise in the same period. * Colgate shares fell 1.1 percent to 1,524.75 rupees. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.thomsonreuters.com@reuters.net)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters