ET SUITS AND SAYINGS
Sit & take the ride; don’t be too impatient to get off the real estate train: Anshul Saigal
If you are a safe investor and do not like volatility, then clearly the high-quality private banking space is well-suited for you the reason being that some of those private sector banks have also not performed in recent times and price action has been adverse, says Anshul Saigal of Saigal Capital.
Reliance Jio takes the lead, hikes tariff by 12-25 per cent; Airtel & Vi likely to follow suit
Mobile phone bills are set to increase as Reliance Jio Infocomm announced a 12-25% hike in tariffs starting July 3. This marks the first major rate increase by a telecom company since 2021. Bharti Airtel and Vodafone Idea are expected to follow suit. The hike aims to boost average revenue per user (ARPU) in light of significant 5G investments. Jio’s rate hikes will affect most plans, but not JioBharat or JioPhone users.
Chakri Lokapriya on stocks to pick in cement, banking sectors
UltraTech is very well positioned. It is still the market leader. Adani on the other hand with ACC and Ambuja, is far more acquisitive. They can move on deals much faster. So, in terms of where will growth come faster from, it will be ACC and Ambuja, says Chakri Lokapriya.
Tighter regulations are for the greater good of fintech ecosystem, not obstacles, say industry leaders
India’s fintech sector has been bearing the brunt of strict regulations by the RBI, which has also led to investors losing confidence in the startups. However, industry leaders believe these regulations will only make the ecosystem stronger.
Stray cattle, price rise, paper leaks: UP BJP leaders point to reasons for poor performance
Allegations were also levelled by an MLA against CM Yogi Adityanath for favouring his own Thakur caste wherein the MLA said that legislators belonging to the Thakur caste, even those of other parties or outsiders received great treatment from the CM, while inputs and suggestions of local MLAs and MPs from other castes were disregarded by him. Another MLA also suggested that the contentious Agnipath scheme should be reviewed and the old pension scheme should also be brought back. It was also felt that the party wrongly judged that the Modi factor and national pride plank would cause voters to ignore the other pressing issues.
Should market worry about whether policy continuity is here to stay or not? Swaminathan Aiyar explains
And I would say managing the coalition again becomes much easier if you stick to continuity. If you want to have sudden changes of policy, various people can have objections because any sudden change of policy creates losers and politicians hate to have the losers, even if there are going to be winners later on.
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How Jocata is helping financial services industry move from legacy systems to AI-powered solutions
Jocata’s low-code platform is driving the future of enterprise lending and embedded finance, says Prashant Muddu, Managing Director & CEO.
Suited for investors with long-term time horizon: 5 midcap stocks with upside potential of up to 30%
If one looks at how the sentiment cycle has moved in the last five months for the mid-cap, it has come full circle. At the start of the year 2024, “hope” nothing can go wrong with mid-caps, so load them. Then comes fear in the middle of February which peaks by the end of March. The again hope in April and now at this point of time “confusion” At this point of time the question whether “ I should sell or buy more” needs to be replaced by “what business do I own and whether that business is going to grow or not” The reason why it is important to change the question itself is the fact that it business on the ground which will make the difference between in final returns. Another thing is whether the management has seen good and bad times, because that is what gives them the ability to deliver in all conditions.
V-Mart expects to grow 18-19% this year, says Lalit Agarwal
Lalit Agarwal, Founder & MD of V-Mart Retail, aims for 18-19% growth in a value-driven retail sector. Improved footfalls and consumer demand in smaller towns are observed. Efforts focus on providing best products, prices, and catering to Gen Z preferences. The Limeroad acquisition's impact on online burn and future scale-up plans are under scrutiny.
40 Under Forty: Ethics, innovation tilt scales for winners
It was a lucky 13 last week — the group of elite jurors, who evaluated, debated, and finally selected this year’s cohort of ET’s 40 Under Forty. The focus was on long-term impact — whether on business or society.
Better suited for volatile market: 5 largecaps from different sectors with upside potential of up to 47%
In the last few days bears are not making any distinction between large or mid or small cap stocks they just crush everything, it might appear that there is no point in making a distinction between these segments of the market. But the fact is that periods like this are a reminder of many basic things which one should remember before taking any investment decision in equity. First and foremost, after buying a stock you will own a business and what business you own is more important than what is happening to nifty or any other indices. Second, if you are a real long term investor then short term corrections should not bother you as they have come in the past and they will come in future also. What one should look for is whether the underlying business is witnessing any change or not and whether that change is positive or negative for the business. Last but not the least, do your homework before investing and not after investing.
Turning trash into cash: Entrepreneurs redefine waste management
A growing number of entrepreneurs are turning trash into cash through tech and innovation. Can it make a difference to the mounting challenge of waste management?
Auto Industry ramps up C-suite hiring amid post-pandemic sales surge
The Indian automobile industry is experiencing a surge in hiring for C-suite executives from diverse consumer-facing sectors to address a talent shortage at the top level amid a post-pandemic sales rebound. Over the past 12-18 months, senior executives from FMCG, consumer durables, and retail backgrounds have transitioned to carmakers like Maruti Suzuki, Bajaj Auto, and TVS Motor Company, traditionally known for hiring engineers and technology experts.
Meet the style disruptors at The ET Awards for Corporate Excellence 2023
Details of the fashion-forward at the awards – from the ‘250 hours’ of intricate embroidery for Leena Nair’s Chanel dress to the ties that Ajay Piramal and Shom Hinduja sported.
ET Awards: ET honour most sought after, says L&T’s AM Naik
At 81, the grand old man of Larsen & Toubro wears his humble beginnings on his sleeve–recalling the inspirational legacy of his grandfather and father, who served the impoverished.
Corporate India produces a flop succession show
Data from Deloitte shared exclusively with ET shows that the process works at just one of four organisations, although seven out of 10 do have a framework in place for succession planning.
Nifty IT index stocks: Suited for tactical contrarian trade?
How a set of stocks reacts to the news is one of the variables which give a fair idea about whether the stock prices have bottomed or not. If there is consistent negative news or even a narrative and the stock refuses to come down then it is an indication that probably the market has discounted the adverse news. Now let's use the same thing on Infy, TCS and HCL tech Q3 results reaction. The companies which have seen muted growth and given similar guidance, did not do something which was very different in Q3 results. No great expansion in margins nor any indication that tech spending is back in a major way. The only difference was the expectation of the street which has been extremely low. That is why the positive reaction was witnessed and that is probably an early indication that the worst of the slowdown has been priced in.
Old is gold, but new-age cos prefer younger CEOs
Deloitte India's recent decision to send 35 senior partners above the age of 55 has sparked debates about ageism in India. However, data indicates that below-40 executives often run the show at new-age companies and startups, with large and complex firms relying on battle-hardened corporate veterans who have negotiated multiple business cycles. In NSE-500 companies, a typical Indian CEO today is 57 years old, similar to data on C-suite occupancy for Fortune-500 firms.
Court relief for Byju’s in TLB lenders’ suit
The lenders of Byju’s $1.2 billion term loan had moved the city court last Thursday seeking an ex-parte injunction on the transaction allowing Ranjan Pai to convert a loan of about $250-$300 million he had advanced to the brick-and-mortar coaching network into equity in Aakash Institute. Thursday’s legal challenge by the TLB lenders caught both Byju’s and Pai “by surprise”.
IIMs tap alumni for graduates' job placement
IIMs are leveraging their powerful alumni networks to place their largest-ever graduating classes amid a turbulent global job market. The alumni, many in senior positions across India Inc. and overseas, are crucial for securing jobs in a year where top management schools are struggling. Alumni at the CXO-level can open up job opportunities even when companies are not actively hiring. The outreach to alumni has never been as high, reflecting the desperation to ensure every student gets placed.
ET CEO Roundtable: Tech, talent & risk capital can book India’s ticket to future
Key question is who’s going to win, Arthur Burns or Paul Volcker. Which way is inflation going to go? Deep at night you feel inflation is coming down... in the morning ... it feels like it’s going up, says Uday Kotak at ET CEO Roundtable. While Nitin Kamath said If you want the markets to truly expand and the customers to be truly sticking around for long periods, we need to find ways to enable the advisory network in this country.
Suits & Sayings: Spring returns for multimillionaire; fintech CEO's last-moment salary revision plan when new hires dropping off; steel tycoon to host board of US-based investment bank at his Lutyen's Delhi mansion
The strange case of a brother battling his younger sister and her husband for a company that’s worth barely a fraction of his personal fortune has raised eyebrows.
Suits & Sayings: Gulf-based investor's non-binding term sheet; realty scion's wedding planning hits a snag; promoter takes family to witness Japan’s cherry blossom season
The promoter took his family, including his wife who seldom travels with him. Also present was his budding entrepreneur daughter. There was another special reason for the sojourn—celebrating the 75th birthday of the grandmother.
Suits & Sayings: Desi maverick's 5-star Parisian penthouse, off-stage bro-code at YPO event, late pioneer's premier restaurant gets a luxe treatment
The presence of a gentleman, next to the family patriarch, soaked in all jokes at YPO event.
Suits & Sayings: Culture & couture brings stars from the West to India; London-based billionaire grooms son to take the reins; Delhi businessman’s band performance rocks Mumbai
ET’s weekly roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours.
Suits & Sayings: Wannabe CM seen in high spirits at South soirée; PE group eyes the Maldives, Barcelona for offsite; biz tycoon’s designer dreams come true
ET’s weekly roundup of the wackiest whispers and murmurs in corporate corridors.
Suits & Sayings: VCs hit panic button after SVB crisis; Mumbai's new cultural hub set for grand opening; auto billionaire's political steam runs out
Panic calls from VCs and investors started late on Thursday as Silicon Valley Bank started to implode.
Suits & Sayings: A big wedding bash to take place next week at Taj Hotel; block deals in Indian capital markets end on a Zoom call; Air India’s special ammo to retain talent
The weekly roundup of the wackiest whispers and murmurs in corporate corridors.
Suits & Sayings: Soonicorn's accounting troubles; cream of Mumbai Inc enjoy Sunday concert; billionaire attends MP wedding amid stock manipulation drama
This bankrupt billionaire wanted to build a mansion on what was once a hill-top power substation.
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