MAHINDRA UNIVERSITY
IT stocks rally up to 32% in 1 month. Will Q1 results mark end of sluggish revenue growth?
IT sector experiences bullish rally ahead of Q1 results with Tech Mahindra, Coforge, and Infosys emerging as top stock recommendations.
IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals
Indian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong demand environment to drive healthy earnings growth.
MFs raise auto sector weight by 80 bps YoY in May. M&M, Tata Motors among stocks with top action
Mutual funds raised auto sector weight by 80 bps YoY in May. IT is the second most preferred sector behind financials, reaching a 68-month high. Private banks hold top spot at 17.2%. Nifty Auto index delivers 75% returns in last year.
Zomato-Paytm deal will be a win-win for both companies: Pankaj Murarka
Stock might look a bit rich in terms of near-term valuations over the next four or six quarters, but I still think from a medium-term perspective the outlook for the group and business or stocks continues to remain positive.
Manufacturing theme offers a diversified portfolio. Anthony Heredia explains how
We believe the Production Linked incentive (PLI) along with the need for global corporates to de-risk their China play offers a secular opportunity that is likely to pan out over the next 3-5-7 years. Government is also monitoring the PLI implementation, making necessary changes if needed to resolve any problem areas as well as adding more products covered under PLI.
Mutual Funds line up 12 new offers with investor interest still strong
Motilal Oswal launched a multicap fund and JM Financial has started a small-cap fund to complete their product basket in the diversified fund space. Many fund houses are launching thematic funds that include the likes of financial services, manufacturing and special opportunities.
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Growth gems well positioned; large businesses to drive significant growth: Anish Shah, Mahindra Group
EV made a lot of sense because the expertise that we can get globally will help our businesses and which is why we were open to getting partners and they have added a lot of value in terms of what they bring and in other businesses, in growth gems in particular, we can look for global partners where we can get their insights and their guidance to be able to grow the business faster.
Mutual funds take Rs 10,000 crore contra bet on sleeping giants Kotak, HDFC Bank
Mutual funds invested Rs 10,000 crore in Kotak Mahindra Bank and HDFC Bank in April, despite their decline in Nifty rankings. Fund houses like HDFC MF, SBI MF, and Axis MF raised bets on HDFC Bank, while Kotak Mahindra saw buying from Nippon India MF and others. The investments were based on data from Prime Database.
Buy RIL, sell Jio Financial: How mutual funds tweaked stock portfolios in April
For three consecutive months, MFs bought shares of Reliance Industries, HDFC Bank, Hindustan Unilever, Axis Bank and ONGC. During the same time they slashed holdings in ICICI Bank, State Bank of India, Bajaj Finance, Bajaj Auto, and Nestle India
SBI, Godrej Consumer top buys post Q4 results; could give 13-17% upside in 1 year
SBI and Godrej Consumer are top buys post Q4 results, led by BFSI and Auto sectors. Nifty stocks show growth, while Tier-1 IT companies face challenges. Business and credit growth outlook positive for SBI.
Mother’s Day: India Inc. bosses Anand Mahindra & Anil Agarwal fondly remember their mothers
There's only one individual who loves you unconditionally - your mother! On Mother's Day, two influential figures in India Inc, Mahindra Group Chairman Anand Mahindra and Vedanta Group Chairman Anil Agarwal, to honor their mothers with touching social media tributes.
Rs 8,300 crore worth block deals take place this week; SBI, Zomato and Vodafone Idea see major action
In the largecap segment, 15 companies witnessed significant block deals which were worth Rs 5,731 crore, led by Kotak Mahindra Bank with 24 block counts, totalling Rs 1,500 crore.
Election, FIIs switching out of India into China in very short term leading to rising volatility: Jonathan Schiessl
Jonathan Schiessl discusses the focus on FMCG sector by foreign investors in India and the potential in private sector banking despite challenges post-HDFC merger. He suggests exploring undervalued sectors like IT and exercising caution in real estate investments.
ETMarkets Smart Talk: Why QSR and IT could turn out to be Dark Horse in FY25, Sameer Kaul explains
Sameer Kaul from TrustPlutus Wealth highlights Quick Service Restaurants (QSR) as a dark horse sector, emphasizing the IT sector's challenging outlook. He discusses various market factors, including corporate earnings, FII flows, and Gen Z investing advice. Kaul says that given the surging monthly GST collections, we believe the earnings season will end on a positive note with no major hiccups.
Did you know Anand Mahindra's old high school is where 'Archies' was shot? Billionaire shares trivia from 'memory bank'
The business magnate reflected on the filming history of the location, citing examples like 'The Archies' and the web series 'Big Girls Don’t Cry.' He fondly recalled his childhood days when Southern films were a common sight being shot there. He even shared a personal anecdote of witnessing the filming of the 1968 movie 'Nervazhi.'
RBI orders Talkcharge Technologies to stop issuing prepaid wallets
The regulator has cautioned users that it has not ordered them to return the cashbacks they earned from the company, but has asked the latter to return customer funds held in its wallets.
ESG mutual funds: Why these MFs may not be the right choice for investors
Having failed to beat even simpler fund categories, ESG funds may not be the right choice for investors.
Credit demand, asset quality power lenders to record valuations
An analysis by ETIG reveals that 62 out of the 73 banking and finance stocks in the BSE 500 and 31 out of 35 sector stocks in the BSE 200 now trade above their five-year average price-book (P/B) multiples on a trailing basis. The trend was similar when the current valuations were compared with the three-year average multiples.
Mangaluru & Udupi next IT hub? How two towns can become the 'Silicon Beaches of India' leaving Bengaluru behind
Mangaluru and Udupi, despite their coastal charm and ample infra, are striving to attract more IT investments and establish themselves as significant IT hubs. With key players setting up satellite offices and real estate developers investing in IT-friendly infrastructure, the cities aim to overcome challenges such as branding issues and lack of policy support. Stakeholders emphasize the need to build a robust ecosystem for innovation and collaboration to realize the region's IT potential.
Bandhan Flexi Cap mutual fund's current return profile remains poor; should you remain invested?
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
IT Q4 Preview: Tech giants to see modest quarter; all eyes on FY25 guidance
IT companies anticipate modest growth in the upcoming quarter with a keen eye on FY25 guidance. TCS will lead the earnings season, while midcap companies are expected to outperform largecaps. Strong deal flows and margin expansion anticipated.
HCL Tech, TCS, Infosys, other IT stocks drop up to 5%. Blame it on Accenture
IT giants' shares drop as Accenture reduces FY24 revenue forecast, impacting Nifty IT index. Global peer's muted guidance affects market view. Analysts expect varied performance in FY25. Despite challenges, positive outlook for Indian IT sector growth prevails.
Latest health and general insurance claim settlement ratio released in 2024
Do you know how good is your insurer is in settling claims and how long it takes for your health or general insurer to settle claims? Or how many claims did they reject last year? It is important to keep track of the claim settlement performance of your insurer. IRDAI has recently released the claim payment details of general and health insurance companies. Check here
Delegation from 17 US universities to visit India next week
A delegation of 31 leaders from top American universities is visiting India to strengthen collaboration and mobility between the two countries. They aim to increase the flow of students and scholars both ways and prioritize the health and safety of all students on campus.
Unlocking Career Potential: A preview of ET Career Talks with Mahindra University
Embark on a transformative journey with ET Career Talks and Mahindra University to gain insights into strategies for senior professionals, lucrative opportunities, and overcoming career challenges. Explore the Mahindra University Executive MBA program's emphasis on personal leadership, ethics, and social responsibility.
Anupam Kaura joins Kotak Mahindra Bank as CHRO
Anupam Kaura brings with him over 25 years of experience in leadership roles across Indian and global banking and finance companies. He has an extensive background in strategic HR leadership, business partnering, compensation and benefits management, boards, and HR consulting, the company said in a statement.
2 top stock recommendations from Gaurav Bissa
Any declines towards 44,500 is a buying opportunity for Bank Nifty. So, both of the indices are looking quite robust and on the way towards making fresh lifetime high.
Hyderabad's pictureque Durgam Cheruvu lake water has antidepressants, painkillers, sewage and even cocaine
Researchers have found a cocktail of pollutants in Hyderabad's Durgam Cheruvu lake. In addition to pollutants such as cyanotoxins, pesticides and UV filters, researchers identified 183 compounds of organic micropollutants such as antidepressants, painkillers, anti-obesity medications, and even traces of cocaine. Experts called for immediate action to treat contaminated water, with strict waste management and regulation.
Anand Mahindra shares Governor J.B. Pritzker's inspiring commencement speech on kindness and intelligence receives praise on social media
Governor J.B. Pritzker's commencement speech at Northwestern University stressing the importance of kindness and intelligence has been lauded by internet users. He urged young people to develop their own "idiot detection system" and cited examples from The Office. Social media users resonated with the message, praising the correlation between intelligence and kindness, noting that being kind reflects a deeper understanding of others, and acknowledging that empathy and kindness were qualities of strength and necessary for positive change.
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