PEOPLES DEMAND
This festive season, mission is possible: Companies to stockpile weapons of mass consumption
Manufacturers are gearing up for a surge in demand, anticipating a boost in sales for smartphones, refrigerators, wearables, and two-wheelers during the upcoming festive season. The industry is optimistic about growth, especially in rural India, with expectations of exceeding previous sales records.
Look for stocks with less downward volatility and stable earnings prospects: Anand Tandon
A good content pipeline increases the likelihood of hits, and with people coming to the cinema, local F&B sales will also rise. From a tactical perspective, PVR's business outlook should improve significantly over the next 12 months. However, each month must be evaluated separately based on incoming content and audience reactions.
Strong ER&D demand helps IT buck overall soft hiring trend
India's $250 billion IT services industry is facing sluggish hiring, but a bright spot is emerging in Engineering, Research & Development (ER&D). Demand for ER&D services is surging, driving a 15% increase in recruitment for these roles. Staffing firms report that tech companies are ramping up ER&D hiring to stay competitive in the global market.
Summers are over. Should a tactical trade turn into a long-term investment? 5 AC & white goods stocks which surged with the rising temperature
There are many sectors which make it to headlines at a particular time of the year. Like we would see agriculture and irrigation stock coming to headline around budget time, hotel stocks during holiday season. So, while they are cyclical stocks, because their cycles are much shorter as compared to typical cyclical stocks like metals, where cycles may last for many years, they are not typically classified as cyclical stocks. But essentially they are and cyclical stocks are more tactical trade rather than long term investment, which you can buy and forget for years. There is another set of companies who also make it to the headline and probably to the list of top gainers around the same time every year. Companies whose fortunes are linked with what happens in the summer season. This time again it happened, right from AC makers to fan makers to an ice cream company. All have witnessed an upward movement. Should be kept for it is time to say goodbye till next season.
India's power consumption rises nearly 9pc to 152.38 billion units in June
The highest supply in a day (peak power demand met) also rose to 245.41 GW in June 2024 against 223.29 GW in the year-ago month. The peak power demand was recorded at 224.10 GW in June 2023. The peak power demand touched an all-time high of 250.20GW in May this year. The previous all-time high peak power demand of 243.27 GW was recorded in September 2023.
Expect 8-10% industry volume growth for FY-25: Mohan Bangur, Shree Cement
So, in the next three quarters, the demand has to meet around 9% to 10% to make up for the lost time. In the first quarter, there were elections, there were water shortage, uncertainty of election results were there, now all those is over.
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Manipur: Thousands rally for 'territorial integrity'
COCOMI organised a 5-km rally in the heart of Imphal, which was attended by a couple of legislators. The participants held banners which read "Save Indigenous and Rightful Citizens of India", "No Separate Administration", "Save Territorial Integrity of Manipur" among others.
Indians battle intense heat with 'mad rush' for air conditioners, beer
Demand for beer in India is at a multi-year high, and air conditioner sales are skyrocketing due to the intense, unprecedented heat affecting parts of the country. Temperatures in the Indian capital Delhi and the western state of Rajasthan have soared to almost 50 degrees Celsius in recent weeks. Scientists attribute the increasingly severe hot summer to human-driven climate change.
Nagaland local body elections see 80% voter turnout despite ENPO boycott call
State Election Commissioner (SEC) T. John Longkumer reported that no votes were cast in the six eastern Nagaland districts due to the boycott call by the ENPO. Longkumer stated, "Earlier 79 candidates from these six districts filed their nominations, but they later withdrew their candidatures. No candidate is contesting in the town councils in eastern Nagaland, where ENPO gave a vote boycott call in support of their statehood demand for 'Frontier Nagaland Territory'."
AI PC demand to pick up from 2025 once use cases emerge
The demand for AI laptops and desktops in India is projected to increase in 2025 as use-cases solidify and people integrate AI into regular workflows, according to industry experts.
Demonstrators protest in Manipur, seek resolution to end ethnic violence in state
Protests in Manipur seek political solution for ethnic violence. ITLF demands Union Territory for Kuki-Zo people. Riots caused casualties and displacement. Rallyists appeal to Home Minister for action. Buffer Zone requested for Jiribam. Peace efforts urged for Tribals in Manipur.
Going forward, expect good growth from Aadifidelis Solutions: Shikhar Aggarwal, BLS International
Shikhar Aggarwal, Joint MD, BLS International Services talks about inclusion in Nifty tourism index, synergies from buying stake in Aadifidelis Solutions and more. Aggarwal also discusses the major contract renewals which are expected in the next six to nine months. He also says that in one, one-and-a-half years, multiple contracts are expected from European and North American markets
India probably needs to go back to ballots: Dipankar Bhattacharya
Communist Party of India (Marxist-Leninist) Liberation general secretary Dipankar Bhattacharya suggested that India may need to return to ballot papers due to concerns regarding Electronic Voting Machines (EVMs). During an interview with PTI editors, Bhattacharya expressed his worries about the alleged "saffronisation" of education and a stock market "scam" influenced by exit polls.
Israel: Thousands of people hold anti-govt protests, demand new elections and return of hostages
Tens of thousands protested across Israel on Saturday, demanding new elections and the return of hostages held in Gaza. In Tel Aviv, author David Grossman and former Shin Bet chief Yuval Diskin criticized Prime Minister Netanyahu, calling for immediate elections. Demonstrations also occurred outside Likud party headquarters and Netanyahu’s residence. Protests included calls to end the Gaza conflict and highlighted the plight of hostages. Hostages and Missing Families Forum held rallies nationwide, demanding hostages' release. Protests have persisted since the war began on October 7.
Accenture narrows its revenue guidance to 1.5-2.5% in FY24
Accenture's strong financial performance, driven by AI adoption, generative technologies, and strong revenue growth, positions it as a key player in the IT services sector.
Delhi heatwave claims at least 20 lives; Hospitals overwhelmed amid power demand surges
Delhi Heatwave: Delhi's severe heatwave has resulted in a significant increase in heat-related deaths and hospital admissions. At least 34 deaths, including both confirmed and suspected heatstroke cases, have been reported. Hospitals are overwhelmed with patients, and the city's power demand has reached record levels due to extreme temperatures. Authorities are urging residents to take necessary precautions and reduce power consumption during peak hours to manage the crisis.
Demand under rural jobs scheme eases again in May
Demand for work under India's rural job guarantee scheme, MGNREGS, dropped for a seventh consecutive month in May, signaling improved economic conditions at the start of the fiscal year. About 37.46 million individuals sought work, down 12.1% from the previous year, with 27.18 million households seeking work, a 14.3% drop. The trend is attributed to better-paying job opportunities and the impact of heat waves across the country, although the data is subject to revision.
Hapag-Lloyd CEO says demand up significantly since May
With some 280 ships, Hapag-Lloyd is the world's fifth-largest shipping company, and connections to North America have traditionally been an important business area for the group.
India Inc cheers continuity at the Centre, but rues fragility
Indian industry leaders express confidence in the economy's resilience despite the NDA-BJP government's unexpected outcome without an absolute majority. They anticipate policy continuity but caution about potential hurdles due to a stronger opposition and diverse political ideologies. The focus may shift to consumption, welfare schemes, and rural sectors. Stability is crucial for reforms, but the BJP's shortfall could complicate passing contentious reforms. However, the economy's growth agenda is expected to continue, with an emphasis on inclusivity and job creation.
Startups seek support, policy continuity from new govt
As of 6.30 pm, data from Election Commission showed the incumbent BJP leading with 241 seats, opposition Congress with 98 seats -- leaving both parties short of the 272 Lok Sabha seats needed to form a government and increasing the chances of a coalition.
Powering ahead: How India made big electricity blackouts a thing of the past
The present situation is a far cry from July 30 and 31, 2012, when India experienced the world's largest blackout. During that crisis, the northern and eastern grids collapsed due to overload, leaving 620 million people without power for more than 13 hours. Since then, significant improvements have transformed India’s transmission network into the world's largest unified grid.
Congress govt in Telangana will leave no stone unturned to fulfil 'guarantees' to people: Sonia Gandhi
The former Congress president, who began her speech by paying homage to those who sacrificed their lives for the cause of statehood to Telangana, recalled that she had promised at Karimnagar in the state in 2004 that the grand old party would fulfil the people's demand for a separate state.
Sweltering heat triggers 15% rise in India's power consumption in May
India's power consumption surged by 15% to 156.31 BU in May 2024 due to scorching heat, leading to increased use of cooling appliances. Peak power demand hit a record high of 250.07 GW, surpassing the previous peak of 243.27 GW. Experts project a peak demand of 260 GW this summer, driven by soaring temperatures.
Summer products sales go off the charts
Demand for ACs surges in India as retailers face shortages, leading to production challenges for brands like Haier. Voltas office saw a retailer camping out for stock, while managing director Pradeep Bakshi dealt with high demand and depleted inventory.
Retail cos, QSRs expand at slowest pace in 5 years
Retailers and quick-service restaurant chains in India experienced the slowest pace of store expansion in five years at 9%, with 33,219 stores as of March 31. In FY23, the number was 30,551, up 18% from the previous year. These companies added 2,700 stores, averaging 7 a day, but that's nearly half compared to 13 doors each day in FY23. Retail sales growth rate fell year-on-year every month in the previous fiscal, reflecting weak consumer sentiment across segments like apparel, footwear, and QSR.
Manipur: Demand for replacement of minister alleging absence
As many as nine fora have submitted a memorandum addressed to Chief minister N Biren Singh. Manipur is under the grip of ethnic violence since May 3 last year.
ENPO reject Nagaland govt’s appeal, says firm on decision to abstain from Urban Local Bodies elections
The Eastern Nagaland People's Organisation (ENPO) rejects Nagaland government's appeal to participate in the Urban Local Bodies (ULB) elections on June 26, chaired by Chief Minister Neiphiu Rio. ENPO demands a separate 'Frontier Nagaland Territory' and boycotts elections in support of this demand.
After Lok Sabha polls, ENPO announces decision to abstain from Urban Local Body elections
ENPO abstains from ULB and Lok Sabha polls, demanding 'Frontier Nagaland Territory.' They inform SEC about abstention, citing delay in territory creation promised by MHA.
My campaign’s focus is on people’s issues, needs and demands: Yusuf Pathan
"In the past month, wherever I went, people have showered me with love. I am no longer just Yusuf Pathan - it is either Yusuf Bhai or Pathan Bhai. People from all backgrounds hugged me or held my hand, telling me that they won't let me go anywhere. I have earned a lot of love from Baharampur and Bengal. And I will repay it with my work."
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