SECURITY DEFINITION
Q1 performance for PVR to be quite muted for FY25: Karan Taurani
I think everything sits perfectly well for Kalki. So, the opening definitely is blockbuster. I think the trade and the checks are indicating that the response to this movie so far has been mixed. It is not completely positive or completely negative.
Ujjivan SFB adjusts loan growth guidance amid microfinance stress
I think these are things that we have to monitor very carefully and hopefully once the budget is out and announced and the revenues trickle into the economy, I think we will see some benefits from that. So, all in all, we are looking at a better second half. The effect is more in the first half of the year.
Only comprehensive reform can enable UNSC to effectively manage global conflicts: India
India has urged for urgent reforms to the UN Security Council as the United Nations approaches its 80th anniversary next year, emphasizing the need to expand both its permanent and non-permanent categories to manage current global conflicts more effectively. This call was made by Pratik Mathur, Minister in India's Permanent Mission to the UN, during a UN General Assembly debate on the Annual Report of the UN Security Council.
Assange's plea deal sets a chilling precedent, but it could have been worse
Julian Assange, founder of WikiLeaks, has reached a plea deal with prosecutors, affecting American press freedoms but allowing him to walk free after more than five years in British custody. The agreement, concluded on Wednesday in a courtroom in a remote U.S. commonwealth in the Western Pacific, involved Assange pleading guilty to one charge of violating the Espionage Act.
Estonia promotes tech sharing, joint production with Indian defence companies
NATO member Estonia, known for its expertise in IT and cyber security, is seeking closer cooperation with India to jointly develop defence technology. Indian companies are invited to partner with Estonian startups and tech players to explore specific areas of interest.
Rashmi Saluja & Religare board have been trampling securities law in India: Shriram Subramanian
Rashmi Saluja and the other directors have been saying that the Burmans are not fit and proper, but they have not furnished any documentary evidence and this is made out even in the SEBI order. All these are frustrating, not just for the company, the interest of the shareholders and also frustrating securities law and the regulator itself, says Shriram Subramanian.
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Ample growth opportunities for all IT services companies from a longer-term perspective: Sumit Pokharna
What we have scanned and found out is that they expect the demand to improve in calendar year 2024 but definitely it will be below normalised level. Secondly, their priority is to upgrade the tech stack.
Sanjiv Bhasin on three IT stocks that may outperform in near term
It would be HCL Tech, Wipro and Mphasis. We participated in this sell-off in Mphasis because of Blackstone reducing its stake. We think Mphasis is one of the best poised companies in IT. By the way, a month back I had recommended Coforge when it went to 4400, 4500, 4600 just because they are raising their QIP.
Sanjiv Bhasin picks 3 sectors that may outperform in near term
The overall benign environment remains that you have to be a little neutral over here. I think technology, pharma and FMCG -- those are the favoured sector on seasonality, on US cues, and on local demographics.
Cred’s secured loan play; Rubrik interview
Happy Tuesday! Kunal Shah-led fintech startup Cred is prepping for an entry into the secured credit space. Details of this and more in today’s ETtech Morning Dispatch.
Real estate sector pushes for tax rationalisation and reduced approval cost as Modi 3.0 set to take oath
With Narendra Modi set to take oath as Prime Minister for the third time, the real estate industry has high expectations from Modi 3.0. The interim budget announced a boost for affordable housing by adding 2 crore more houses to the PMAY-U scheme. Experts emphasize the need for policy reorientation, cost reductions, and tax rationalization to accelerate growth. Industry leaders stress the need for government intervention to drive further growth, including reforms in GST and revisiting affordable housing definitions.
Modi’s return paves the way for infrastructure ramp up, says Vinit Bolinjkar
I believe that with the RBI having given the government more than one lakh additional surplus, I think there is a lot of room for manoeuvre and to announce all these projects.
Move over PSUs, defensive bets can be the next big story under Modi 3.0
Defensive sectors like FMCG and pharma are emerging as potential winners under Modi 3.0, with experts forecasting gains fueled by rural push and policy actions. Investors are advised to explore stocks like HUL, Dabur, and pharma majors for potential returns amidst PSU valuation concerns.
Ethereum ETFs: Why it is a game-changer for mainstream crypto adoption
Ethereum's pivotal role in propelling the mainstream adoption of crypto cannot be overstated. As the market undergoes continuous evolution, Ethereum stands as a cornerstone, guiding the industry toward unprecedented growth and innovation.
US is slowing AI chip exports to Middle East by Nvidia, AMD
In October, the Commerce Department added much of the Middle East to chip export restrictions that originally focused on China and a handful of other foreign adversaries. That meant companies needed a special US government license to ship cutting-edge semiconductors and chipmaking tools to countries such as Saudi Arabia and the UAE.
Nifty may see a 400-point correction before June 4 but banks will outperform: Sanjiv Bhasin
Sanjiv Bhasin from IIFL Securities provides insights on market trends, highlighting the performance of key banks like HDFC, Kotak, ICICI, and Axis. He recommends focusing on IDFC First, Dhanlaxmi Bank, SBI Life, Grasim, LIC, GIC, and New India Assurance for potential growth. Bhasin also says that in pharma, Divi's is one of the best contract pharming companies and it is regaining its position but he would put his money on Lupin.
What are Indian consumers most hassled about?
India's top 1,062 listed companies cumulatively received over 48.4 million consumer complaints in FY23, 14% lower than in FY22, showed data sourced from Prime Database. Disclosing the number of customer complaints forms part of the business responsibility and sustainability reporting (BRSR) framework that is mandatory disclosure for the top 1,000 listed companies from FY23.
Don't stress on index; take home some money on metals and PSUs before June 4: Sanjiv Bhasin
Sanjiv Bhasin of IIFL Securities believes HDFC Bank will remain a market leader even during a market correction. He suggests taking profits on PSUs before an event as the market is fully priced. Bhasin says one should be stock specific, not place too much stress on the index because we could be headed for a bout of volatility with 500-700 points on the downside.
Sauce VC launches third fund eyeing a corpus of Rs 250 crore
New Delhi-based investment firm Sauce VC, which has backed new-age luggage brand Mokobara, healthy foods startup The Whole Truth and petcare firm Supertails, aims to raise Rs 250 crore for its third fund. This comes as D2C firms see growing interest from risk capital investors. The firm looks to back 15-16 consumer brands in their early stages.
We are a little cautious on Bhel; trimmed position in Zomato and PB Fintech: Sanjiv Bhasin
Sanjiv Bhasin advises caution on Bhel stock due to parabolic rise, suggests focusing on rail stocks instead for investment opportunities. Bhasin says we would say be a little cautious, wait out, hear the commentary and let some corrections come in because now you are chasing a parabolic rise which may not last for long.
Stocks to buy now? Aditya Birla Group to lead market; Voda Idea a doubler from here, says Sanjiv Bhasin
Sanjiv Bhasin predicts market trends post 23,000 crossing, election results. Advocates stock selection, supports AB Group, discusses real estate plays. Emphasizes Ashok Leyland potential over Tata Motors. Prefers Indiabulls Real Estate for better risk-reward.
Pull up your socks, ignore the fear and buy the stocks you want most: Sanjiv Bhasin
Sanjiv Bhasin advises strategic stock purchases amidst market fluctuations, emphasizing opportunities in largecap banks, commodity stocks, undervalued companies like Engineers India, and potential rural recovery themes through auto stocks like Escorts.
TCS employee says he got suspended for reporting security breach in viral social media post
A TCS employee faced suspension after reporting a security incident involving the use of personal laptops and shared login credentials, actions against TCS policy. Despite whistleblower protection policies, the employee claimed lack of support from HR or managers due to strained relations. Reddit users advised escalating the issue within the Tata group and using social media to raise awareness.
Next week, market will be up & about; 5 metal stocks to bet on: Sanjiv Bhasin
Market volatility expected amid election results, with focus on stock-specific gains in PSUs and metal counters like NALCO, NMDC, SAIL, Vedanta, Coal India. Midcaps show resilience, offering opportunities in metals, ABB, Siemens, Bharat Forge, Thermax, and FMCG.
Wait for M2M critical services definition likely to get longer
The telecom industry is worried that any further delay in defining critical services would lead to security implications as currently most of the M2M communications, including in power and infrastructure sectors, are happening on non-licensed spectrum with no security parameters, putting such networks at risk.
UK tightens definition of extremism to counter right-wing, Islamist extremists; names five groups
UK government redefines extremism, adding clarity post-October 2023 attacks. Measures aim to protect democracy, counter extremist ideologies, and prevent radicalization. Counter-extremism center established to lead government initiatives.
Tata Motors passenger vehicles can definitely bridge the gap with Maruti: Ashwin Patil
Ashwin Patil, Equity Research Analyst, LKP Securities, says the demerger of Tata Motors will unlock value and provide more flexibility for the company and investors. It allows investors to choose between Tata Motors commercial vehicles and passenger vehicles, bridging the gap with Maruti and competing with top players in the passenger vehicle segment.
Army probing civilian deaths in Poonch, those found guilty will definitely be punished: Official
"The Army is conducting its investigation. If anyone is found to be guilty, they will be punished. But such an investigation is not to be disclosed publicly. Let the Army do its work. There is no need to prejudge anything or make any comment on the Army," the official said.
Redrafted bills broaden definition of terrorism, include threat to economic security
The revised Bharatiya Nyaya Sanhita Bill, 2023 (BNS) has modified Section 113, aligning it with the Unlawful Activities (Prevention) Act, 1967, broadening the definition of a 'terrorist act' to include threats to economic security and monetary stability while excluding intimidation of the general public or disturbance of public order. The latest BNS Bill drops proposed fines of Rs 5 lakh to Rs 10 lakh for various terrorist acts, leaving the court to determine the penalty.
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