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India's no longer 'fragile', can weather global market volatility

CFO News

Forex reserves, standing at over $600 billion, fortify the RBI's ability to stabilize the rupee, marking a significant contrast to a decade ago when India was tagged among the 'Fragile Five' economies. Forecasts project a reduced CAD and stable rupee for the upcoming fiscal years.

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Bajaj Hindusthan sugar proposes second restructuring plan

CFO News

Delays in payments had meant the account was tagged as NPA in the fourth quarter of last fiscal. The company owes a group of 10 lenders led by State Bank of India (SBI) a total of ₹4,900 crore. However, the company cleared its outstanding dues in the last three months and has proposed a fresh payment schedule to banks.

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Morgan Stanley Piles On Apple, Lowers iPhone Shipment Forecast

PYMNTS

She expects the Cupertino, California technology company to ship 210 million iPhones in fiscal 2018, down from her previous forecast of 217 million. The high-end device has a hefty price tag of $999, which shut a lot of buyers out of the market.

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Apple Overhauls Leadership Ranks To Move Beyond iPhone

PYMNTS

The pain is particularly pronounced in China , where the price tag of its latest iPhones and local competition have been weighing on demand. “Technology is evolving, and they need to continue to tweak their structure to be sure they’re on the right curve.”. Apple’s moves come at a time when demand for its iPhones is starting to slow.

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Apple Shares Get A Boost On Raymond James Price Target Lift

PYMNTS

According to a news report for CNBC , Raymond James Analyst Tavis McCourt said he was prompted to raise the price target after an internal survey showed “surprising” demand for the iPhone X, which comes with the hefty price tag of $999 or more. For fiscal 2018, the analyst expects an EPS of $10.85, up from $10.50 a share.

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Apple Expected To Roll Out New iPad, Mac Products At Event This Week

PYMNTS

The iPad Pro has a price tag starting at $649 but going as high as $1,279 but even with a high price point Apple hasn’t been able to boost the annual sales growth for that portion of the business during the past four fiscal years, the Wall Street Journal reported.

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New iPhone 11 To Be Revealed At Sept. 10 Launch Event

PYMNTS

Invitations were tagged “by innovation only” although Apple isn’t expected to change the basic iPhone design. percent of Apple’s overall revenue in Q3 of fiscal year 2019, the first time that it hasn’t contributed over half of Apple’s sales in over seven years. local time. . Apple’s iPhone revenue was below the $26.31