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Bajaj Finance can become best pick in financial space amongst largecaps in one or two quarters: Digant Haria
Whatever growth will pick up will probably happen on the infra corporate side. HDFC is not known to be very strong on those sides. So, I do not see that growth and the margin problems will get solved in the immediate quarter and the stock has had a good run up along with the market. So, I think people should celebrate and you have to wait for a few more quarters before the results actually fire up.
Paytm Bank slows down in Fastag lane; q-comm in soup over food safety
Happy Friday! Banks are gaining ground in the toll payments space as Paytm Payments Bank’s market share continues to plummet. This and more in today’s Morning Dispatch.
10 Best Father's Day Gifts Under 2500: Show Heartfelt Gratitude
Father’s Day, which falls on the 16th of June every year, celebrates the spirit of fatherhood and paternal bonds. If you are planning to give your dad a present that he will cherish, then you are in the right place. We have curated a list of the 10 best Father’s Day gifts under 2500 to help you choose the right one for your doting dad.
Auto sales enter slow lane in May, expected to bounce back in the festive season
In May, automobile sales slowed down due to heatwaves, election uncertainties, and a high base effect. Maruti Suzuki's sales grew 4.4% year-on-year, but this was lower than the 13.8% growth seen in May 2023. Hyundai Motor India and Tata Motors also saw modest growth, while Mahindra and Mahindra and Toyota India experienced significant increases in sales. Industry leaders expect a sales rebound post-election and with a good monsoon forecast. The auto sector's growth aligns with India's 8.2% GDP rise in 2023-24.
Bluestone's unicorn round; Sorin’s Rs 1,350-crore fund
Happy Wednesday! Omnichannel jewellery startup Bluestone is nearing unicorn status with a potential $100-million pre-IPO investment. More on this in today’s ETtech Morning Dispatch.
Ecommerce in slow lane; PhonePe-BharatPe truce
Happy Monday! Online sales haven’t picked up during the final quarter of FY24, industry officials said. This and more in today’s ETtech Morning Dispatch.
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Bengaluru airport suspends controversial vehicle entry fee after protests
BIAL suspends entry fee for arrival pick-up lanes at Kempegowda International Airport after protests. Charges for vehicles based on registration plates was criticized. Speed trap cameras have been installed on Kempegowda International Airport Road to curb road traffic accidents
10 Best Vest Harness for Dogs: Ensure Maximum the Safety of Your Pet
Do you know that regular walks and running sessions can elevate your pet’s mental and physical health in the long run? Therefore, it is important to invest in a premium quality vest harness for dogs so that they can feel maximum comfort during walking, running, and training sessions. In today’s article, we have curated a list of the 10 most recommended vest harnesses for dogs made from super comfortable and highly durable materials.
Binny Bansal, CaratLane’s Sacheti back Xeed Ventures; decoding fintech’s AMC biz
Xeed Ventures, an early-stage fund run by Sailesh Tulshan, which was formerly known as 021 Capital, has also roped in Premji Invest as an LP. The investment committee (IC) for Xeed will consist of Tulshan, Bansal and Sacheti. Xeed is aiming to make a final close of Rs 600 crore and has already snagged 70% of the target corpus, according to people in the know.
Ecommerce sales growth in slow lane as mass market crowd thins
Ecommerce sales grew 12-15% in Q1, slower than 2023. No major smartphone launches; fashion clearing inventory. Inflation affects online retail. Beauty brands show growth amidst sluggish market. Home furnishing and offline sales grow.
Satya Nadella interview; Zomato's restaurant onboarding push
Artificial Intelligence will not only help solve India’s unique structural challenges and help increase productivity and societal benefits, but those solutions for India may turn out to be relevant for the rest of the world as well, Nadella told ET.
Maruti Suzuki is in the fast lane to growth; why analysts are bullish on the stock
Analysts feel the company will benefit from the improving prospects of the auto industry due to rising income levels and car penetration.
Sachin Bansal’s Navi in slow lane; New Year spike for health, wellness D2C brands
Sachin Bansal’s fintech venture Navi had big ambitions to digitally disrupt the financial services sector, but two of its flagship products have not been able to shore up much traction. This and more in today’s ETtech Morning Dispatch.
Christmas special: Dream K-drama picks curated just for you
Look no further – we've curated the perfect watchlist to elevate your holiday cheer. Get your snacks ready, find the comfiest spot on the couch, and let the K-drama magic unfold. Wishing you a Merry Christmas filled with love, laughter, and fantastic binge-watching sessions!
Stock picks of the week: 5 stocks with consistent score improvement and upside scope of up to 44%
The bullish mode of the market, which was already in place on the street as the nifty touched new high, is likely to get a boost with the narrative that wind in the state election is an indication of what is in store for April 2024. There is greater likelihood of bullish sentiment continuing, so be bullish but more than anything else in the long term what matters for a stock is earnings and valuation. So be selective, avoid impulsive investing, and keep reviewing one’s portfolio and stay away from penny stocks especially. It is very likely that some of the penny stocks will fly and be distributed amongst retail investors. We look at stocks which have witnessed a continuous rise in their score in the last one month. 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.
Rs 62,000-crore bet! D-Street’s retail bulls bet big bucks on these top 10 stocks in Q2
In 10 stocks alone, retail investors bet more than Rs 62,100 crore in the quarter ended September, data shared by Prime Database showed. Retail investors invested nearly 75% of this money alone in HDFC Bank.
Awarding of contracts for national highway construction in slow lane in H1: Report
A new Vision 2047 may replace Bharatmala Phase 2, bringing in a flurry of greenfield projects in the sector, which have higher capital intensity. While fastag revenues have shown a strong growth of 24 per cent year-on-year in the April-September period, high frequency indicators such as GST and fuel consumption indicate that FY24 will register record toll revenues of Rs 67,000 crore, the SBICAPS report stated.
Leeds Schools under lockdown: Doors and windows secured as students stay indoors following 'credible threat email' — Here's what occurred
Parents have received email notifications informing them that several Leed schools are implementing a "soft" lockdown in response to a "credible threat." As a precautionary measure, gates, doors, and windows at schools in Yorkshire, specifically in Leeds and Bradford, have been secured.
CaratLane to challenge FEMA violation notice; govt may use DigiLocker for parental consent
CaratLane Trading is under the lens of the Enforcement Directorate (ED) for alleged violation of Foreign Direct Investment (FDI) regulations. The omnichannel retailer has challenged a show-cause notice issued by the investigative authority, sources tell us. This and more in today’s Morning Dispatch.
CaratLane’s Mithun Sacheti on glittering Titan deal; Zerodha expects steady revenue in FY24; and FirstCry closes secondary deal
Happy Monday! Mithun Sacheti hit it big on Saturday when he sold his 27% stake in online jewellery marketplace CaratLane to Titan. The Rs 4,621 crore deal is among the largest for any Indian consumer internet company. Hear all about it from Sacheti himself in today’s super packed edition of the ETtech Morning Dispatch.
Titan picks up 27% more in CaratLane for Rs 4,621 crore
The latest transaction will ascribe a valuation of Rs 17,000 crore to CaratLane. The deal ranks as the second largest exit for an ecommerce founder in India after Flipkart founders Sachin Bansal and Binny Bansal sold their stakes to Walmart.
Ice cream brand Go Zero picks up $1 million in Pre-Series A funding
Go Zero plans to expand its market reach, and enhance its production capabilities with this new financing.
Fintech startups crowd NBFC queue to enter credit lane
A growing number of fintechs are hoping to play the credit game to keep users sticky and expand revenue opportunities
Indian among four killed as truck rams into pick-up in Sharjah
An accident on the Sharjah-Al Dhaid Road resulted in the instantaneous death of four men. A speeding truck carrying sand collided with the pickup truck the deceased were in, causing it to flip several times, after the truck hit it as it entered the Sharjah-Dhaid Road from an entry point without checking the extreme right lane of the highway. The operations room received a call and immediately dispatched an ambulance, but all four were pronounced dead at the scene.
Ecommerce not clicking as it did post pandemic; Namma Yatri daily rides in fast lane
After a pandemic-fuelled surge in online shopping, the industry is seeing moderate growth over the past few months. We have a detailed story on the state of play in the e-commerce market. This and more in today’s ETtech Morning Dispatch.
New players in lane to challenge Ola, Uber duopoly
Ride hailing in the days before the pandemic, especially in cabs, was ruled by Ola and Uber, but as the economy opened up, a bunch of companies feel the sector is ripe for disruption.
3 men charged for scheming to sell stolen handwritten 'Hotel California' lyrics by Eagles
Prosecutors valued the material at over $1 million.
CSC services via India Post on slow lane
The partnership between India Post, which functions under the Department of Posts of the Ministry of Communications, and the CSCs, a special purpose vehicle of the Ministry of Electronics and Information Technology (MeitY), was established earlier this year.
Akshaya Tritiya begins on a positive note; jewellers expect biz of up to 30 tonne
All India Gem and Jewellery Domestic Council Vice Chairman Shyam Mehra said, gold prices have come down to around Rs 50,500 per 10 gram from Rs 55,000-58,000 per 10 gram, giving boost to consumer sentiment.
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