POWER SECTOR SOUTHERN REGION
Kumar Birla re-enters race to buy Orient Cement to consolidate Ultratech's Southern push
Talks between CK Birla and Adani said to be at standstill over valuation, mining clearances. Orient stock up 45% in last 1 month.
Stock market update: Fertilisers stocks up as market rises
The 30-share BSE Sensex closed up 545.35 points at 79986.8
Getting ready to end the 3-year exile: 5 stocks from diagnostics sector with upside potential of up to 53%
There are some businesses, where only a black swan event leads to sharp growth in profit. Otherwise the underlying nature is such that they don't have any sudden spike in their profits. But there is constant growth. The constant growth could be because of many reasons. It may be because of the fact that penetration of that good or service is very low and over a period of time as it improves, both top and bottom line keep moving upward. It could be because of the movement of business from the unorganized sector to the organized sector. Or due the fact that the “need” of that good or service is such that spending on it cannot be postponed. In the case of diagnostic business, it is all the three, or rather four. The fact is that in 2020, a black swan took place which led to the sudden spike in FY 2021 numbers, but then back to normal growth curve. Now for three years, there has been a painful process of partial normalization of valuation and end of price wars. Has the time come for extreme long term investors to bring them back on watchlist ?
Stock market update: Fertilisers stocks down as market rises
The 30-share BSE Sensex was up 21.26 points at 79497.45
Strategic insights flourish at ET Make in India SME Summit’s Kolkata Chapter
Stakeholders, including Bengal cabinet Minister for Heavy Industries and MSMEs, Shashi Panja, entrepreneurs from food product companies, and industry spokespersons from across the terrains of tea, tourism, and leather convened to share dive deep into the way forward, spelling out the sectors/areas that demand attention and more.
Zelenskyy appeals to West to relax targeting limits for Ukraine as glide bombs hammer front line
Recent drone footage released by Ukraine's military shows bodies in the civilian area of Toretsk amid heavy Russian bombardment. Ukrainian rescue services have scaled up evacuation efforts as Russian glide bombs devastate the town. President Zelenskyy reported over 800 glide bomb attacks in the past week and called for increased military aid to counter Russian aircraft. Russian bombs recently struck a postal warehouse in Kharkiv, killing one and injuring nine, while another attack in Vilniansk killed seven civilians and wounded dozens. Russian officials reported Ukrainian shelling injuries and downed drones in various regions.
- Go To Page 1
Consolidation push to continue as key raw material gets scarce: 11 small cap cement stocks which fit the bill and may see some action
In less than a month, two cement majors clearly showed their intent. The intent is to grow through an inorganic route. One by complete acquisition, the other by taking a large stake in the company. Another common thing, both of them are focussed on the southern part of India, where the cement companies have a history of being under pressure. So why are they looking toward southern India? The answer lies in something else. It is one of the key raw materials that have become scarce and that is what is leading to a situation where big players clearly know that if they have to grow their capacities they have to pick on companies which have access to that critical raw material. This aggressive consolidation is likely to continue and it is the smaller players which are likely to be targeted.
Chaos at Delhi Airport: Terminal 1 roof collapse leaves cars buried, 1 dead and flights suspended
IndiGo has canceled all flights to/from Terminal 1 due to the partial closure of Delhi Airport caused by heavy rains. Delhi and NCR (National Capital Region) received incessant rainfall accompanied by thunderstorms and lightning beginning in the early hours of Friday.
Stock market update: Fertilisers stocks up as market rises
The 30-share BSE Sensex was up 271.54 points at 79514.72
Stock market update: Fertilisers stocks down as market rises
The 30-share BSE Sensex closed up 131.18 points at 77341.08
Stock market update: Fertilisers stocks down as market falls
The 30-share BSE Sensex was down 67.71 points at 77142.19
Stock market update: Fertilisers stocks up as market rises
The 30-share BSE Sensex closed up 141.34 points at 77478.93
Stock market update: Fertilisers stocks up as market falls
The 30-share BSE Sensex was down 125.61 points at 77211.98
Stock market update: Fertilisers stocks up as market rises
The 30-share BSE Sensex closed up 308.37 points at 77301.14
Dollar Industries sets sights on southern expansion with 50 new outlets
Under its 'Vision South India' initiative, Dollar Industries anticipates a 50-per cent surge in sales from markets in that region compared to the current year, officials said.
MSMEs are like mitochondria power engines which are boosting West Bengal’s economy, says Shashi Panja, Minister of Industries, West Bengal
West Bengal has close to 90 lakh MSME enterprises, many of them single-person enterprises, and they employ over 1 crore people.
Monsoon is a headwind, but continued infra push is a bigger tailwind: 5 southern India focussed cement stocks with upside potential of upto 44%
With the monsoon coming, there is always a cyclical pressure on cement stocks, with the narrative being that in monsoon construction activity slows down. There is no doubt that this happens but over the last few years it has been seen that the decline in demand is not as strong as it used to be, maybe because the overall thrust on infrastructure is far higher or the fact that as the economy recovers, the overall demand matrix is better for cement companies. The fact is that cement has been a sector where most of the analysts have been caught off guards. The stocks have done well and a large number of analysts have been sticking to their stands that pricing and capacity utilization is an issue. Another reason to look for cement stocks is the fact that we have a state election coming in near term and that will lead to a situation where push to infrastructure projects would be given and that is always good news for the cement industry.
With neighbourhood leaders as guests, India focuses on Indian ocean region
India is inviting heads of state and government from Sri Lanka, Maldives, Mauritius, and the Seychelles to the swearing-in ceremony of the next Narendra Modi government on June 9. The focus is on the western and southern Indian Ocean (IOR), where India has been a security provider and first responder for decades. The other key overseas guests are Bangladesh, Nepal, and Bhutan, affirming long-standing ties and bolstering India's push to counterbalance Chinese influence in the immediate neighborhood.
Chandrababu Naidu’s TDP brings saffron wave to Andhra-Telangana
The Lok Sabha polls in formerly undivided Andhra Pradesh have significantly boosted the BJP's fortunes in the southern states. The NDA coalition performed exceptionally well, capturing 31 out of 42 seats in Andhra Pradesh and Telangana. The success can be attributed to former undivided Andhra Pradesh chief minister Chandrababu Naidu's Telugu Desam Party (TDP), an NDA ally, which secured 16 out of 25 seats in the Andhra LS polls. Additionally, actor-politician Pawan Kalyan's Janasena Party, an NDA ally, won two seats. The rival YSRCP, currently in power in the state, only managed to secure four seats. The Congress-led INDI-alliance failed to secure any seats in the state.
Water scarcity an opportunity to solution providers: JP Morgan
Water scarcity in India presents opportunities for companies offering solutions, according to a J.P. Morgan report. India has 18% of the world’s population but only 4% of its freshwater. Key companies like Larsen & Toubro, Voltas, and Thermax are improving water efficiency and availability. The agriculture sector faces high groundwater exploitation, with the north-west region at critical risk. Additionally, 40% of power plants are in water-scarce areas, stressing the need for innovations like solar PV to reduce reliance on freshwater.
How video gaming in India is now a ‘Bharat’ phenomenon
The Indian video gaming industry is being catalysed by the exponential growth of India’s IT infrastructure, widespread adoption of smartphones and the proliferation of high-speed internet connectivity. The industry’s evolution is evident in the rising percentage of gamers from non-metropolitan areas, which jumped from 57% in 2022 to 66% in 2023.
No worries on LS elections outcome, expecting good results: BRS chief KCR on exit polls predictions
Former Chief Minister K Chandrasekhar Rao dismissed exit poll reports suggesting a "poor show" by the BRS in the recent Lok Sabha elections, stating that the party will work for the people. Rao defended the BRS's position as the protection shield for Telangana, despite the uncertainty surrounding the outcome of the Parliament elections. He cited the unpopularity of the Congress government and the potential for discontent to explode soon.
Power Mech Projects bags order worth Rs 563 crore to construct nuclear power plant from BHEL
Power Mech Projects announced securing a Rs 563 crore order from BHEL to build a nuclear power plant at Kaiga Atomic Power Project, marking its entry into the critical nuclear sector. The project will cover various civil, structural, and architectural works for units 5 and 6, contributing to India's sustainable energy goals.
Extreme heat lowers nations’ per capita income — but cities could thrive even in hotter conditions: Matthew E. Kahn
Matthew E. Kahn, Provost Professor of Economics at USC, discusses the impact of climate on economic growth and solutions offered by enterprise in an interview with Srijana Mitra Das.
Russia begins nuclear drills in an apparent warning to West over Ukraine
Russia's military has started drills with tactical nuclear weapons in response to Western officials' comments on deeper involvement in Ukraine. The drills involve non-strategic nuclear weapons like Kinzhal and Iskander missiles in the Southern Military District near Ukraine and Crimea.
Lok Sabha Elections: In India's political landscape, tensions among states are most dangerous divide
India's weeks-long election is reaching its conclusion as the remaining 164 of 543 constituencies in the lower house of parliament vote by June 1. The focus has been on religious and caste divides, but tensions between Indian states are prominent. Regional parties are leading opposition to the BJP, with concerns of power imbalances and federalism threats. The next government faces challenges in managing growing regional tensions and maintaining national unity. The BJP's dominance and regional alliances will shape India's political landscape in the coming years.
ET Make in India SME Regional Summit’s second session to be held in Lucknow
After a successful first show at Hyderabad, the ET Make in India SME Regional Summit will host its second show in Lucknow on May 25.
India to be power house for future airline growth on travel eagerness, growing population: Report
India is expected to be a power house for future airline growth driven by the eagerness of people to travel and growing population, according to a report. In a report, the Netherlands-based ING Bank NV said India is set to deliver strong structural growth figures, and airlines are preparing for this with historically large orders for new aircraft from carriers Indigo and Air India.
Sensex rises over 150 points as retail inflation eases; Nifty above 22,100
India's retail inflation eased in April, impacting key equity indices positively. Sectors like banking, metal, and energy saw gains, while some faced cuts. Shriram Finance surged over 5% on announcing a housing finance business sale to Warburg Pincus.
Load More
