According to FactSet data, in 2012-16, the average CAPEX-to-operating cash flow ratio across these four companies slumped to 43% in 2017-21 from 78%. Analysts predict it is expected to decline further in 2022-24 to 34%.
India's second-largest private lender ICICI Bank’s market capitalisation (m-cap) surged past the 8 lakh crore mark on Monday after its shares rallied to a fresh 52-week high of Rs 1,155.65 on the NSE, rising 4.30% over Friday’s close.ICICI Bank was the top index contributor today and also the biggest gainer in the Nifty pack. The rally in this stock helped the banking gauge Nifty Bank.
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U.S. Secretary of State Antony Blinken has landed in Saudi Arabia to initiate discussions on the governance of Gaza post the Israel-Hamas conflict. Why It Matters: Blinken’s visit to Saudi Arabia is part of a broader Middle East tour to address the Gaza governance, Reuters reported. He is expected to meet with senior Saudi leaders and counterparts from Qatar, Egypt.
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Investing in dividend stocks is a great way to build wealth over the long term. However, income investors often face a tough choice: Should they invest in real estate investment trusts (REITs), which often offer high yields but less capital appreciation, or traditional dividend stocks, which pay lower yields but have more growth potential?What are REITs?REITs operate a simple business model.
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