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Corporates embrace more flexibility amidst the hybrid work model
About 30% of occupiers are expected to expand their use of flexible office space over the next 12 months, while 17% are likely to consolidate their offices into fewer locations, CBRE said in its latest ‘2024 India Office Occupier Survey’.
Could IT make a meaningful comeback in Q1? Deven Choksey explains
Deven Choksey highlights the importance of sticking with larger banks for business growth and emphasizes the positive outlook for IT companies. Additionally, L&T's promising future is underlined by margin expansion and improved execution. Choksey further says that one shouldn't expect too big a rally in IT and that one should stay focused on some of the larger banks as far as the portfolio investment is concerned
IT service exports should start diversifying in AI, cloud computing and data analytics, say industry players
As the IT service exports come out unscathed amidst a turbulent period for the world, industry players believe it’s time the service portfolio spread out.
SBI to monetise subsidiaries after scaling up their businesses: Chairman Khara
SBI Chairman Dinesh Kumar Khara stated that the bank plans to wait for its subsidiaries like SBI General Insurance and SBI Payment to enhance their operations before considering monetisation through the capital market to boost valuation and returns for SBI. With loans worth Rs 5 trillion in the pipeline from the corporate sector, Khara indicated a shift towards credit-seeking behavior for working capital and expansion, signaling potential for private sector growth and value creation by SBI.
Food safety violations at Blinkit warehouse: Telangana authority to issue notice
Several products in the Blinkit warehouse were found to have expired and were seized, Telangana's Commissioner of Food Safety said on Thursday. The raid found that cosmetic products were stored with food items and that the licence of Congruence Trade and Services Pvt Ltd – one of the manufacturers of Whole Farm brand – was not as per the Food Safety and Standards Act.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 41%
The street has got what it was looking for, exit polls predicting a win of NDA which essentially continues the policy making framework which has been in place for the last ten years and has been working well for the economy. There is another thing which will happen, there are going to be some areas which will get more focus in the coming days. So, next we might see some sectors and stocks doing extremely well, while others may continue to be laggards. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
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Power stocks: Both PSUs and pvt ones got re-rated. Ready for another round in Modi 3.0? 6 stocks with upside potential of up to 37%
The summer heat leads to high power consumption is a well known fact. What has been the difference in the headlines this year and last two or three years? The news about massive power cuts and the possibility of power plants running out of coal is missing. The news which is dominating is that power demand is high and is being met. This change is the result of many things, right from optimism at one point of time to absolute despair at another. Finally policy push and discipline and integrated approach toward solving the issue of the sector, whether it for thermal, solar, wind or hydro. This led to a certain level of re-rating in Modi 2.0 which is likely to get pace in Modi 3.0. One thing which goes unnoticed is the fact that the power sector moving out of the trouble not only means good news for power companies but also the banks, because after metal, power companies topped the list of NPA of the banks.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 39%
Just before the start of the final phase of the general elections 2024 was to take place, there was a clear indication that it is bulls who are in control of the market. There are no two opinions, that a continuity in policy making will make the markets move upward very sharply. A glimpse of that will come in Monday’s trading session, when the impact of the exit poll result gets played out. So, with the base case assumption that the policy making will continue, we take things forward but continue with our principle stand that If one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned.These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Suzlon Group gets 82 MW wind energy project in Madhya Pradesh from Oyster Green
Suzlon Group has secured an 82 MW wind energy project from Oyster Green Hybrid One Pvt Ltd. The project involves installation of 26 3.15 MW wind turbine generators in Agar, Madhya Pradesh. The company will handle the supply, erection, commissioning, and maintenance services for the project. It targets commercial and industrial customers to promote renewable energy usage in India. Suzlon aims to support sustainable energy solutions globally with its 20.7 GW wind energy capacity.
Staying with good business & strong management: 5 largecap stocks from different sectors with upside potential of up to 37%
After a phase of calm, volatility is back on the street. Somehow word volatility got associated with bearish trend, while it might appear strange to some, the fact is that even volatility has a bias and that can be toward bulls also. That is the reason why in this volatile phase, Nifty made a new high. So, rather than fearing a word it is better to understand it. Similarly when it comes to investing, it is important to understand that while events can impact the price in the short term. In the long term, things which matter is the underlying business, strength and quality of the balance sheet, ability and experience of the management. Whether it is pre-election or post election, always have a look at the above three when investing your hard earned money.
HC offers relief to Pidilite in Dr Fixit dispute for now
Bombay High Court restrains Dubond Products India from selling waterproofing product with identical trademark of Dr Fixit, as per Pidilite Industries' complaint.
Bombay HC grants temporary relief to Pidilite in Dr Fixit trademark dispute
Mumbai-based Pidilite Industries, the maker of Fevicol and M-Seal adhesive brands, has approached the court to restrain Dubond Products from allegedly infringing its registered trademarks, copyright and passing off for its waterproofing brand Dr Fixit LW.
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.
Mumbai-based Garuda Construction and Engineering refiles DRHP for IPO
Garuda Construction and Engineering will issue shares that have a face value of Rs 5 and consist of a fresh issue of up to 18.30 million equity shares and an offer for sale of up to 9.50 million equity shares by promoter PKH Ventures.
Starbucks’ FY24 losses widen to Rs 81.84 crore for India operations
Of its total loss, Tata Consumer bore Rs 40.91 crore. This is a significant increase compared to the previous year, when Starbucks reported a loss of Rs 24.97 crore on sales of Rs 1086.89 crore.
Soleos Solar Energy secures Rs 48.5 cr funding
Soleos Solar Energy secures Rs 48.5 crore funding from various investors including India Ahead Venture Fund, Sunil Singhania's family office, and Madhuri Madhu Kela. The funding will be used for working capital and renewable energy portfolio development.
India on mission to become world's leading producer of critical minerals: Hindustan Zinc Chairperson
India aims to lead in sustainable critical mineral production, per Hindustan Zinc's Chairperson Priya Agarwal Hebbar. These minerals, including cobalt, copper, lithium, nickel, and rare earths, are crucial for clean energy technologies such as wind turbines and electric cars.
AI-led tech craze leaves mega Indian software stocks in the dust
Unlike counterparts in the developed world and China, Indian software makers including leader Tata Consultancy Services have yet to make significant advances in generative AI. That combined with a still cloudy outlook for client spending may soon leave them looking like the tech bets of yesterday.
Delhivery forms subsidiary to offer drone services
Delhivery's new subsidiary, Delhivery Robotics India Pvt Ltd, will offer drone services, in addition to manufacturing and research and development of unmanned aerial vehicles. The Gurugram-based company had acquired Transition Robotics in 2021, marking its foray in the drone technology space. On Friday, Delhivery reported an 11% rise in Q4 operating revenue.
Govt eyes pvt-public cloud model for chip designs for easy access
This facility will provide easy access to chip and packaging designs to startups, researchers and small firms, as per the plan.
Strong growth likely in FY25; pvt investment picking up, says Sanjay Nayar
In an interview to ET, Nayar called on the government to maintain its capital expenditure push for some more time to "crowd in" private investment. Rural consumption has started to see an uptick, on top of the already strong urban demand, he said. Capacity utilisation has gone up to 75% or so, which indicates companies would go for fresh capacity expansion.
Explained: Why Cognizant changed its logo on online media channels in India
Cognizant updated its logo on social media to 'Innovate', removed it from the India website, and faced a logo trademark dispute with Atyati Technologies. The firm also introduced the Bluebolt program, yielding significant cost savings and experiencing a reduction in global employee count.
ET Road Safety & Safer Mobility Forum: Experts spotlight strategies for elevating employee well-being and operational efficiency in transportation
Global road fatalities dropped by 5%, but India saw a 15% rise. The ET Road Safety & Safer Mobility Forum discussed safety culture and technology's role in employee transportation. Leaders emphasized driver safety, tech integration, and collaborative efforts for a safer future.
SBI invested Rs 714 crore in TCG’s Gurugram project
The State Bank of India invests Rs 714 crore in TCG Urban Infrastructure for the World Trade Centre project in Gurugram. With a total cost of Rs 1,211 crore, TCG has infused substantial capital for construction, while SBI's investment supports the project's development. TCG is a New York-based conglomerate with diverse investments globally, including real estate.
KKR joins global cos betting billions of dollars in fastest-growing India
KKR & Co. is optimistic about investment opportunities in India's consumer sector and expanding its private credit portfolio. Despite high valuations, the firm believes in India's long-term consumption growth. With global firms like Blackstone and Goldman Sachs also investing in India, KKR plans to deploy $10 billion at a faster pace. The firm is eyeing opportunities in manufacturing and may venture into real estate in the future. Despite challenges faced in the past, KKR remains committed to investing in India through various strategies, including its Asia credit fund and infrastructure projects.
Three pvt telecom operators ideal for India: Sunil Mittal
A market with three private telecom companies is optimal for India, Bharti Enterprises chairman Sunil Mittal said on Thursday as debt-laden Vodafone Idea (Vi) got a financial lifeline allaying fears of a duopoly in the telecom sector. "My position has been consistent that three private operators are ideal for India," Mittal told ET. His comments come in the backdrop of Vi moving to secure its much-delayed funding.
Ola Electric Mobility’s general counsel Sanjit Nagarkatti joins ELP’s Bengaluru office as partner
An alumnus of Bangalore University from the 1991 batch, Nagarkatti started his career with United Breweries Ltd. and subsequently worked with companies including then Vodafone Essar Ltd.
Picky consumers jilting big brands are Unilever India’s new risk
India’s elite classes are becoming pickier consumers, fueling the success of organic personal-care brands backed by slick social media marketing campaigns. The rise of companies like local upstart Honasa Consumer Ltd, and the inroads made by global names including Estee Lauder Companies Inc. and Clinique Laboratories LLC, is forcing Hindustan Unilever to spend more on product development and advertising.
NCLT notes Amazon Wholesale (India) and service provider should try settlement in insolvency dispute
The National Company Law Tribunal has asked Amazon Wholesale (India) Private Ltd and Multiplier Brand Solutions Pvt Ltd to try settling their dispute over a default of Rs 3.7 crore. Amazon has raised concerns about the authenticity of some invoices and has initiated an investigation. Both parties have been asked to reach a settlement before the next hearing on February 13.
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