MARGIN STORY
No doubt in India's long term story; don't see much scope for big earnings downgrade: Sanjeev Prasad
So, at this point in time I do not know whether there is much scope of earnings upgrades. Also, keep in mind the fact that in the last few quarters, a lot of earnings growth has come from positive surprises or increase in profitability and margins, not so much as volume growth. And fortunately, in some sectors, we are still not seeing really meaningful signs of volume recovery.
Expect another 10-15% move in TCS, Infosys going ahead: Sandip Agarwal
So, if you see, four quarters back, same quarter last year the margin was 23.5 and now it is 24.7. So, there is a 120 basis point improvement in margin despite the wage hike impact which is there. So, it implies that this year they will end somewhere around 27%.
UP's sops for hybrid vehicles irk EV companies, add to industry's June sob story
Sales of electric cars in June plunged 13.5% from the year earlier, having suffered a marginal drop in May, triggering fears that the Indian market may be following global trends. After last year's euphoria, domestic sales slumped to 20% growth in the January-June period to 46,845 units. That's down from a 135% surge in the same period last year, prompting Tata Motors and others to recalibrate expectations.
Power is going to be a multi-decadal growth story: Shreyash Devalkar
As a result, we are seeing good flows in the multi-cap category compared to large-cap, which used to be the case earlier. Even the large-cap category has started getting returns. So yes, this is widespread and increasing as of now.
Hina Khan cuts hair as symbol of strength amid cancer fight; mother gets teary: Video
Hina Khan, known for her television roles, recently shared a poignant moment on social media amidst her battle with stage three breast cancer. In a brave gesture, she documented herself cutting her hair short before chemotherapy could cause its loss. The emotional video captures her comforting her distraught mother and reflects on the symbolic significance of hair for women facing similar battles.
RIL shares can create up to $100 billion wealth, predicts Morgan Stanley
Morgan Stanley, a global brokerage firm, forecasted that Mukesh Ambani-led Reliance Industries' (RIL) fourth monetisation cycle could potentially increase market capitalisation by $60-100 billion. They set a target price of Rs 3,540 in the base case scenario.
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India best emerging market story; haven't ever seen valuations and fundamentals so attractive: Mihir Vora
The US economy has been much better than expected. It has been stronger for longer and of course, then it also translates to higher interest rates for longer, probably, but the fact is that the US economy is doing quite well.
Kotak Institutional Equities bets on Godrej Agrovet’s turnaround story, sees upside potential of over 9%
Godrej Agrovet (GAVL) shifts focus to value-added segments with cost-cutting measures. Kotak Institutional Equities upgrades stock to 'buy' with target price of Rs 740, expecting sustainable turnaround in crop protection and dairy sectors.
Sonakshi Sinha & Zaheer Iqbal are now married! Couple look radiant in white, share their seven-year love story
Bollywood star Sonakshi Sinha began a new chapter in her life on Sunday by marrying her fiancé, Zaheer Iqbal. The couple dazzled in coordinated white outfits. They shared their wedding photos on Instagram, revealing their long-kept romance. Both admitted it was love at first sight when they met seven years ago.
Sandip Agarwal's 4 top bets from IT sector for near term
I think now the attrition rates are under control. Margin should expand because margin is a direct factor of where your attrition is, utilisation is. So, I think the revenue growth I do not see will pick up very substantially immediately, because if at all the ECB rate cut has happened, now in US also we are expecting some cool off to happen on the rate front.
Markets can gain another 10% by year end: Samir Arora
But the bottom line is that this is a big event and the FIIs who have been selling for the last few months are not going to sell like this anymore and therefore you will be in a sweet spot where domestic guys are buying and foreigners are trying to build back their positions.
Eric Season 2: Will Benedict Cumberbatch’s crime drama return for a second chapter?
The newly released Netflix crime drama "Eric," featuring Benedict Cumberbatch, has captivated audiences with its intense storyline and complex characters. As viewers reach the series finale, questions arise about the factual basis of the narrative and the potential for a second season.
Natasa Stankovic-Hardik Pandya's tale of love, renewal and divorce rumors
Natasa Stankovic, born on March 4, 1992, in Serbia, began her professional journey as a model before delving into the vibrant world of Indian cinema. Her Bollywood debut occurred in 2013 with Prakash Jha’s 'Satyagraha,' where she showcased her talent in the dance number 'Aiyo Ji' alongside Ajay Devgn. However, it was her memorable performance in the chart-topping dance anthem 'DJ Waley Babu' by Badshah and Aastha Gill that truly catapulted her into the spotlight.
A quarter of hits & a few misses; and other top tech, startup stories
Welcome to another edition of ETtech Unwrapped – our weekend newsletter. This is Pranav Mukul in New Delhi. This week we’ve wrapped up another compelling quarterly earnings season for listed new-age companies from Zomato and Delhivery to Paytm and PB Fintech.
'Reacher' Season 3: First look images, cast, story, where to watch, all you need to know
Some latest updates have come in around 'Reacher' Season 3 which has finally revealed its villain character. This season's villain is Paulie who will be played by Olivier Ritchers.
Should you add or buy defence stocks afresh? What to do with bank stocks? Deven Choksey answers
Deven Choksey discusses the potential tariff hike in the telecom sector and the strategies of Jio and Vodafone Idea. He emphasizes the importance of data consumption and the need for investments in infrastructure for companies to stay competitive in the market. Choksey also says: "The likes of Bajaj Finance, Kotak are looking like some of the smartest of the lot within the investment portfolio."
BTS' V shares heartwarming photos with military friends and pet dog Yeontan: Check pics
BTS’ V, also known as Kim Taehyung, recently shared updates from his military service through Instagram, posting photos with his fellow soldiers and his pet dog, Yeontan. Fans were delighted to see V in his military uniform, captioning the post with "status." Additionally, V shared adorable pictures of Yeontan, bringing joy to his followers. V began his mandatory military service on December 11, 2023, and is currently serving in the 2nd Division Military Police Corps.
Quick commerce 2.0, and other top tech & startup stories this week
Quick commerce, the buzziest sector in the consumer internet industry, is undergoing a significant transformation. We, at ETtech, have been tracking the sector super closely and bringing the biggest and most impactful stories to you, first.
From Bikaner to Blackstone: The success story of humble Haldiram's
Since 2016-17, several private equity firms including General Atlantic, Bain Capital, Capital International, TA Associates, Warburg Pincus, Everston have been talking with the Agarwal family for a minority stake or a controlling one. Haldiram's journey from humble beginnings with a bhujia recipe to a billions-dollar empire is the stuff of business legends.
Digit IPO: tempering tech valuations & other top startup stories this week
This is Pratik Bhakta in Bengaluru. Insurance startup Digit, by valuing itself at a discount of 25% to its last known private market valuation, seems to have stuck its neck out. And it’s a move that’s certainly got everyone talking.
Proximus sets ambitious targets after acquisition of Route Mobile in India's largest inbound FDI deal
Rajdip Gupta, managing director and chief executive of RML, who will now lead the Proximus group’s global CPaaS business said, he finds immense cross-selling and business development opportunities for RML’s products in regions like Australia, LATAM and Europe.
Proximus thinks the route is clear for a 15% margin boost
Proximus targets revenue growth by acquiring Route Mobile, expanding globally with generative AI. Telesign's fraud solution introduced in India. RML acquisition to enhance CPaaS dominance. WhatsApp, RCS access highlighted.
Aadhar Housing Finance offers a long-term growth story
Aadhar Housing Finance, the country’s largest affordable home loan company based on assets under management (AUM), plans to raise Rs 1,000 crore through a fresh issue of shares to augment the capital base and up to Rs 2,000 crore through an offer for sale by the promoter BCP Topco, an affiliate of the Blackstone group.
Gujarat: BJP aims to hit 500K margin in all seats, but internal issues pose risk
The BJP is set to vote in 25 of Gujarat's 26 Lok Sabha constituencies on Tuesday, with the party having already won unopposed in Surat. The party had previously targeted a winning margin of half a million votes in all seats, having done so twice in 2014 and 2019. However, as the campaign settles for the third phase, concerns have arisen within the party. The campaign has focused largely on national narratives, Ram Mandir, and the Hindutva agenda, but local issues have created more resonance in the state than larger appeal.
Veteran Marathi actor Kshitji Zarapkar loses battle to cancer at 54
Zarapkar, a veteran director and actor, has graced the screens in numerous films including 'Gola Berji', 'Ideachi Kalpana', 'Ishhya', 'Marmabandh', 'Ek Kulti Ek', and more. His latest appearance was in the spy thriller web series 'Mukhbir: The Story Of A Spy', directed by Shivam Nair. The series also featured Prakash Raj, Zain Khan Durrani, Adil Hussain, Harsh Chhaya, Barkha Bisht, and others.
Q1 and Q2 will see close to double-digit volume growth for Britannia: Abneesh Roy
Abneesh Roy from Nuvama Institutional Equities discusses Britannia's positive growth outlook despite local competition and tech disruption, while also reflecting on challenges faced by Titan in the jewelry segment and eyewear business.
Who is former wrestler Erika Hammond, married to Indian-origin billionaire Ankur Jain in a romantic Egyptian ceremony
Billionaire Ankur Jain and former WWE wrestler Erika Hammond tied the knot in a lavish ceremony at the Great Pyramids in Egypt, surrounded by approximately 130 guests. Their three-day safari excursion in South Africa, followed by the grand wedding in Egypt, was a celebration of love and adventure.
Combo of capital heavy & capital light biz to drive operating leverage, margin expansion: Puneet Chhatwal, Indian Hotels
Indian Hotels, led by Puneet Chhatwal, showcases robust growth through strategic new contracts, capital-light models, and diversified top line expansion. The company's focus on operating leverage, digital enhancements, and new business segments sets the stage for continued success in the hospitality sector. He says: Indian Hotels' combination of capital heavy and capital light which is today at 40-60 and could grow to 30-70, 70 in favour of capital light,
Our aspiration is to make Persistent a $2 billion plus company in next three years: CEO
Persistent Systems CEO Sandeep Kalra discusses the company's growth strategy amidst challenging market conditions, focusing on leveraging investments in generative AI and sales/marketing to achieve margin growth goals in the upcoming years. Kalra says: "We want to grow in line with what we have done in the past from an outperformance perspective and that is what we are looking at. "
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