AUTOMOTIVE SOFTWARE MARKETPLACE
BigBasket, 1mg’s plans for capex; win for epharmacies in Madras HC
Tata’s online grocery BigBasket and epharmacy 1mg will largely depend on debt capital to fuel expansion this fiscal. More on this in today’s ETtech Morning Dispatch.
IT firms chasing acquisitions to enhance their topline and skills
Indian information technology (IT) services are banking on acquisitions to fuel growth amid a dire need for investments in new capabilities, especially GenAI, as a slowdown in global demand keeps away opportunities for organic expansion.
Better to own a set of stocks from the digital ecosystem rather than betting on one stock? 15 stocks with upside potential of upto 48%
Few day’s back there was an issue with the telecom provider and the services stopped for some time. Now which would be the companies which got impacted the most, the telecom service provider, the answer is no. As a customer one would not get any reduction in the monthly billing because services were down for some time. The companies which may have got impacted would be a platform company on which one orders food, such as a swiggy or zomato. The reason, in the peak time of demand, a customer is not able to order food online due to internet service being down, that demand will not come back when the internet is back. But the other platform company which sells insurance was also not impacted. The reason is, if one was planning to buy an insurance policy and there is no internet, the demand will get postponed not get extinguished. The digital ecosystem is making things simple but it is yet complicated when it comes to investing.
Wipro picks minority stake in SDVerse with nearly $6-million investment
Wipro, along with GM and Magna, have teamed up to develop a B2B sales platform for buying and selling automotive software. Prashant Gulati has been named CEO of SDVerse effective March 5, 2024.
For a demerged Tata Motors, sum of parts will be greater than the whole
Under Tata Sons Chairman N Chandrasekaran, the conglomerate plans to halve the number of listed companies. Tata Motors is demerging into two separate entities for commercial vehicles and passenger vehicles to make the governance and management of group companies lighter and more effective.
Relative outperformer candidates for a volatile market? A mix of large and midcap IT stocks
On Monday, when the whole market was reeling under pressure, there was one sector which was able to keep its head above water both at the level of indices and internal market breadth of that sector. It was IT sectors, it is not the first time that this relative outperformance has been witnessed on the street, in recent months, there have been instances where on the day market has been under pressure, IT stocks have moved upward. The only difference is frequency, magnitude and the breadth of the sector which is involved on the day of outperformance by the sector. Frequency has increased, more IT from large cap are able to relatively outperform and magnitude of up move is better as compared to earlier. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
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Indian IT takes a bigger bite out of Europe as US business growth slows
The quarterly results for the top three companies - Tata Consultancy Services (TCS), Infosys and HCLTech announced last week show that a larger percentage of their current growth is coming from the European region.
Tata Neu’s muted first year, PhonePe-ZestMoney deal called off & the week’s top tech stories
Hi Digbijay here in Bengaluru. Last month, I was in Mumbai and visited the offices of the newest ecommerce challenger in India –Tata Digital-- which runs the superapp Neu. If you’ve been reading our coverage of one of Tata’s most ambitious projects, you’ll know we’ve been on top of all the big developments, breaking the most important stories.
Midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
New EV certification rules create backlog; top automakers turn to India for engineers
The government’s recent amendment is being implemented in two phases - the first from December 1 and the second from April 1, 2023. The first phase involves implementing features such as battery traceability and spacing between cells, among other requirements.
EV parts maker Vecmocon raises $5.2 million led by Tiger Global, Blume Ventures
Vecmocon said more than 100,000 EVs will be made using its parts by the end of 2022, while 5,000 vehicles are using them currently.
Stocks in the news: Syrma SGS, HDFC Bank, Nykaa, ICICI Pru Life and Yes Bank
Syrna SGS Technolog will make its debut at Dalal Street today. It had raised 840 crore through its IPO between August 12-18 by selling its shares in the range of Rs 209-220 apiece.
Same investing style does not work always but odds are always with long-term investors: Raamdeo Agrawal
“Every style will have its own time, every style does not work throughout. In ten years the same style will never work. So styles will go out of favour. Like the same cricket team does not work, what was top of the charts last year are bottom of the charts this year! Look at IPL, the top two teams are the bottom two teams.”
Uber likely to sell 7.8% Zomato stake today; Foxconn expands TN factory
Uber said in its earnings report on Tuesday that it had suffered an unrealised loss of $245 million on its investment in Zomato during the second quarter, and $707 million in the first half of 2022.
Ecomm giants queue up for ONDC; ecomm enablers bag big bucks
India’s Open Network for Digital Commerce aims to counter the market power of large ecommerce companies such as Amazon, Flipkart and Reliance Retail by connecting buyers and sellers through open protocols, irrespective of which platform(s) they may be listed on. Why, then, are these very ecommerce giants lining up to join it?
Deep tech SaaS firm Spyne bags $7 million funding from Accel, others
Spyne plans to use the funds to acquire more talent, for global expansion including in the United States, and to set up a computer vision lab for deeper research and development (R&D).
Geospatial policy and India market growth catalysed IPO plans: MapmyIndia
Chief executive and executive director Rohan Verma told ET that the decision to go in for an initial public offering was due to the overwhelming response to recent listings by startups as well as the policy push for geospatial solutions in the country.
Infosys launches digital commerce platform Equinox
Equinox will help enterprises build personalised experiences for their B2B and B2C customers using a microservices model, which the Bengaluru-based firm says will aid traditional enterprises take on their newer digital-native competitors.
ETtech Morning Dispatch on Feb 12, 2021: Swiggy’s war chest against Zomato, Crypto under threat in India
Swiggy is in talks to close a $700-800 million funding round, even as Zomato IPO plans take shape. Contours of India’s Cryptocurrency Bill may trigger legal tussle. Carmakers are scouting Mahindra Electric for the powertrain that will go into XUV 300 EV.
ETtech Deals Digest: Tekion, ShopUp, Dukaan raise funds this week
A quick look at this week's most important investments in the tech and startup space.
Prospects improving for Indian IT services cos, better profit margins expected in Q2: Analysts
Software services exporters have forecast better growth in the year ahead after tepid first quarter results. The business outlook is improving as more companies invest in digital projects. Deal wins, which were soft initially, have picked up pace since late May, the analysts said.
Why government needs to implement GPS in earnest in logistics industry
In other countries, GPS devices have been used for the last two decades by the supply chain industry to improve operational efficiencies. India has been a slow follower. But the govt is finally trying hard to play catch-up, & it is imperative that this endeavour is successful. Ensuring success, however, is very challenging. A change in perspective could make all the difference.
How coming disruptions and upcoming trends will reshape Motown over the next decade
Cars may soon be no longer just about driving. They may turn into a buzzing marketplace.
3D printing startups yet to get their mix right
Houses, furniture, toys, shoes, clothing, medical implants and even tissues and food are today being 3D printed. Not yet on a mass scale.
Taking cyber security to the next level
Ninety seven per cent of cyber security products in the market are focused on identifying threats and alerting customers about them
Nasscom announces the year's top ten startups to look out for at EMERGE 10 Awards
Celebrating innovation and spirit of making things better through technology, the ninth edition of the awards was held on the side-lines of Nasscom Product Conclave 2017.
No, porn websites aren't the most favourite haunt of hackers: Know which websites are
The website that infects your computer with malware could well be the most innocuous one such as an e-commerce marketplace visited by millions.
Innovative ideas will continue to get funded even as entrepreneurs hunker down to seek out paths to profits
Some of the valuation exuberance in the past moved the focus away from value differentiation and demonstrating sustainable business metrics to solely fundraising.
Nehru Place, Gaffar Market notorious markets for piracy: US
"Shop operators generally are successful at hiding illicit merchandise prior to police raids, and returning it to shelves shortly after a raid."
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