BCG MOST INNOVATIVE COMPANIES LIST

18 companies turned profitable in Q4 after 3 straight quarterly losses. Worth buying?

18 companies including BHEL, Centrum Capital, Inox Wind, Piramal Pharma, SAMHI Hotels, and Sterling and Wilson turned profitable in Q4 after consecutive losses. Sagar Cements reported a profit of Rs 11.59 crore. Inox Wind Energy recorded a profit of Rs 38.8 crore. Analysts expect India Inc earnings to grow by 12% for FY25.

Ixigo to finalise its share allotment today. Check status, GMP, listing date & other details

Ixigo, operated by Le Travenues Technology, to finalise share allotment after strong response for IPO, booked nearly 98.34 times. Investors can check allotment status on BSE or registrar website.

IPO gold rush for investors; second-hand EV sales sputter

Happy Monday! Investors in new-age startups are set for huge gains as these firms list on the public markets. This and more in today’s ETtech Morning Dispatch.

3C IT Solutions IPO opens today: Check issue size, price band, GMP and other details

The SME IPO of 3C IT Solutions will open today, aiming to raise Rs 11.44 crore. India's GII ranking improved to 40th position, making it a top offshoring destination for IT companies. Kreo Capital is the lead manager for the IPO.

Reliance and Tata recognised among the World's Most Influential Companies by TIME

Reliance Industries Limited (RIL) has been named one of the World's Most Influential Companies by TIME magazine, marking its second appearance in the TIME 100 list. Recognized in the 'Titans' category, Reliance has significantly impacted various sectors in India and beyond, under the leadership of Mukesh Ambani. Key initiatives include Jio Platforms, the world's largest refining complex, Reliance Retail, investments in new energy, and ambitious net zero goals. The inclusion highlights the growing global influence of Indian enterprises.

Top Leaders and Companies Leading The Change in Their Industries

Series AA 127- The EV transformation - Part 1: How a multibagger got fresh tailwinds & gave 22,204% return in last 20 years

Below are the excerpts from its annual report of 2017-18. ELECTRIC VEHICLES – THE NEW MARKET DISRUPTOR | “We are anticipating the next market disruption through electric vehicles. We are closely reviewing and watching the situations and doing our ground level work. We are also mapping all of our existing products vis-à-vis EV to capitalise on the opportunities EV will throw at the component manufacturers, whether it is motors, batteries or any other system which will come into the electric vehicles, totally different from the conventional IC engine.” Cut to August 2023, five years down the line, the company commissions two plants for making on-board charger, off-board charger, motor control Units, DCDC converters, battery management systems, and more products catering to EV 2-wheelers and 3-wheelers. Now this is a reflection of the speed at which an auto ancillary company needs to function and also the product range it needs to have if it has to stay relevant in the changing world of the auto Industry. Foresight, planning and timely execution is the key.

Company boards are getting younger, but balancing vitality with expertise is key to success

Organisational leadership is evolving with younger individuals joining company boards in the dynamic startup landscape. While they bring fresh perspectives and innovation, challenges arise from limited experience in governance. Diverse boards with a mix of young and experienced members are crucial for informed and adaptable strategies for long-term success.

Go Digit Insurance IPO: GMP, price band among 10 things to know before subscribing to the issue

Go Digit Insurance IPO consists of fresh equity issue of Rs 1,125 crore and an OFS of up to 5.47 crore shares. While promoter Go Digit Infoworks will offload stakes, Virat Kohli and Anushka Sharma will continue to be investors. Its price band has been fixed Rs 258-278 apiece.

Appropriate price discovery in IPO: Semi-public market could be a solution

The Semi Public market proposal aims to enhance price discovery and transparency before IPOs, offering early liquidity. Despite regulatory challenges, it could reduce volatility and improve scientific price discovery in IPO markets, serving as a potential final solution.

Sensex can zoom to 1.5 lakh by 2029 but don't be a speculator

While there are several reasons for this surge, peaks and troughs, booms and busts are an integral part of the stock market saga - much like the waves of the sea, which incessantly rise and fall. Hence, there could be an element of “irrational exuberance”, “froth” and “bubble”.

Innovaccer’s new funding round; ONDC’s logistics push

Happy Thursday! SaaS startup Innovaccer is in discussions to raise funding at a flat valuation of $3 billion. This and more in today’s ETtech Morning Dispatch.

Godrej family split: Adi, brother to keep listed firms; cousin Jamshyd to get unlisted cos, land bank

As per the arrangement that was uploaded on stock exchanges, Jamshyd Godrej, along with his niece Nyrika Holkar and their families, will now oversee the Godrej Enterprises Group (GEG), encompassing Godrej & Boyce and its affiliates spanning various industries. This development marks a significant change in control within the organisation.

Indian pharmaceutical industry set for major transformation: Dilip Shanghvi

At an annual meeting of the USA-India Chamber of Commerce in Boston, Shanghvi told a gathering of leading multinational drug makers about the "clear positive improvements" that are taking place in India. Sun Pharma itself has built a pipeline of over 10 specialty and innovative drugs in the US. It's done this through acquisitions of late-stage drugs in clinical trials and building commercial teams around them. For Indian companies that have grown by making copies of innovative drugs, gaining presence in innovative drugs is considered tough as this segment is dominated by giant corporations such as Pfizer, Novartis, Roche, Eli Lilly and Bristol Myers Squibb.

10 Best Refrigerators of 2024: Cooling Technology Evolved

Explore the top rated refrigerators of 2024, including Samsung, Whirlpool, LG, and more. These refrigerators from renowned companies offer various features such as digital inverter, frost-free technology, convertible modes, and energy efficiency. Upgrade your kitchen with these impressive refrigerator options and step into next level of utility and ease of living.

IPO Calendar: Bharti Hexacom's Rs 4200 cr IPO, 10 listings to kick-off primary market activity in FY25

Kicking off the IPO market in FY25 is the mega Bharti Hexacom public offer, the sole issue next week, which plans to raise around Rs 4,275 crore. The issue opens for subscription on April 3 and closes on April 5.

Innovators start-up and scale with SAP

In conversation with Sanket Deodhar of SAP India, on how startups considering listing or going public can achieve taxation and geographical regulatory compliance through SAP’s solutions. Deodhar discusses SAP’s unique strategy of incorporating AI, including Gen AI, into its applications and making this technology accessible to its customers. He also outlines SAP India’s blueprint for advancing Digital India.

What Byju's teaches us

Byju's, an Indian edtech company, faced misgovernance and allegations of unethical practices. Governance is crucial in unlisted startups providing public services. Business models that work in other markets may not create long-term value in India's price-sensitive market.

Microsoft tops Apple to become most valuable public company

For more than a decade, Apple was the stock market's undisputed king. It first overtook Exxon Mobil Corp. as the world's most valuable public company in 2011 and held the title almost without interruption.

AIK Pipes And Polymers shares list at 12% premium on BSE SME platform

The Rs 15 crore IPO of AIK Pipes was subscribed 43 times at close, driven by strong interest from other investors whose category was booked 52 times. The part reserved for retail investors was booked 30.9 times.

ITC is world's 3rd most valuable tobacco company after London-based BAT sinks

London-based BAT has seen a sell-off in its shares in the past week, rendering its market cap below ITC to $64 billion. ​The stock fell sharply after the company said it would take a hit of around $31.5 billion as it wrote down the value of some US cigarette brands, acknowledging that its traditional combustible market has no long-term future.

Alibaba dips on MS downgrade as PDD grabs spot of most valuable Chinese e-commerce firm

Alibaba's U.S. shares slipped 1.5% to $73.7 in premarket trading, tracking a fresh one-year low. They are down 14% since the company posted in line second-quarter revenue and scrapped plans to spin off its cloud business.

Professional services companies go slow on hiring as attrition level drops

Industry officials, however, said the impact of the cut down in hiring is mostly at the senior management and director levels, while companies continue to hire at the top, or the partners level. "Hiring of partners or people who bring in business is pretty aggressive. It is the middle that is suffering, also due to a fall in exits," said a partner.