TURNAROUND TIME
Tech Mahindra CEO Mohit Joshi says FY25 will be turnaround year
As per Tech Mahindra chairman Anand Mahindra, as organisations strive to stay ahead in the digital race, IT services will play a key role in enhancing technology by integrating AI seamlessly into the core business functions. “The race does not necessarily belong to the large or the most specialised. The winners will be companies that are agile, well-prepared and can scale at speed,” he said.
Varun Kohli joins as COO of Times Network's News Broadcasting Business
As the COO of Times Network, I spearhead innovative strategies in collaboration with industry leaders, driving growth and success in news broadcasting. Leveraging my extensive experience, I aim to position Times Network as a frontrunner in Revenue Management and Operations, setting new benchmarks in the industry.
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.
With Odisha and Andhra being governed by NDA 3.0, will Aquaculture, a sector dominated by small caps and troubles, see a turnaround?
When looking at any sector, it is good to know the history of that sector, it helps in bringing the context to the possible investing time frame and also the risks which come with that particular investment. Aquaculture as a sector came into limelight in 1992-93. Best of the names of India Inc of that time entered the sector as the Indian economy was opening up and exports were expected to pick up. It was assumed that given the long coastline the production of shrimps would be an easy business to grow. But reality turned out to be very different and the story is full of troubles. There were multiple reasons, right from the nature of business itself and lack of coordinated and sustained support by the government. But now with NDA 3.0 in power in two states which dominated this sector, will there be a more coordinated effort to bring this industry back on track and turnaround is sustained?
Turnaround stocks: 10 companies that returned to profit in Q4
According to Ace Equity data, Piramal Pharma, Inox Wind Energy, BHEL, Sunteck Realty, Tejas Networks, and others turned profitable in Q4FY24
Suzlon shares dip 5% as independent director resigns
Shares of Suzlon Energy dropped by 5% during Monday's early session, hitting the day’s low of Rs 47. This decline followed the resignation of the company’s independent director, Marc Desaedeleer, from his directorship on June 8.
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More women employees break free from 9-5 cycle, hustle for gig work
The number of female professionals opting for freelance roles surged, with a 300% increase in female consultants in India in FY24 over FY22, as per data from Flexing It shared exclusively with ET. In FY24, global organizations increasingly looked to India for high-quality talent at lower costs, taking advantage of the country's robust post-pandemic remote work practices.
Suzlon is all renewed energy with a book full of orders & free of debt
Suzlon Energy, a key player in India's renewable energy sector, saw a remarkable turnaround in FY24. The company became debt-free, increased its order book, and revamped leadership under CEO JP Chalasani.
Old planes, lack of engineering capacity test Tata’s mettle to turnaround Air India
Customers flying on Air India flights to North America and Europe have been raising issues about frequent delays, broken seats or non-functional in-flight entertainment screens as the Tata group struggles to revamp the airline's fleet, some of which are 15 years old. The original aircraft for the delayed flight to San Francisco, had developed a technical snag. So, the airline had to tow a Boeing 777 which was parked under hot sun in Delhi’s 49 degree temperature. Air conditioning system in plane work.
Reality behind the 8.2% FY24 GDP growth is not as robust
The 8.2% FY24 GDP growth reflects a modest deceleration from 3QFY24 at 8.6%. Real gross value added growth slowed considerably in 4QFY24 to 6.3% from 8.3% in 1QFY24.
Timely rescue of firms pushes IBC recovery to 49%
Creditors in India have been able to recover nearly half of their claims under the Insolvency and Bankruptcy Code (IBC) when the resolution is completed within the 330-day deadline. However, delays have lowered the proportion of money recovered. The IBC was introduced eight years ago and has been the most challenging to address due to litigation-related holdups. Experts have called for amendments to the IBC to address this issue.
Suzlon Energy shares give multibagger returns of 340% in 1 year. Time to ride the next leg of rally?
Suzlon Energy Share Price: Suzlon Energy's shares surge 340% in a year, fueled by strong order inflows and debt-free status. Analysts foresee up to 43% upside potential. Fundamentals improve with debt reduction and cash reserve. Brokerages maintain 'buy' ratings, targeting Rs 54-58.
What to expect from RIL stock going ahead? Deven Choksey answers
To a greater extent likes of Reliance, likes of Bajaj Finance, likes of Kotak Bank are some of the companies where probably you find that the business condition remains absolutely upbeat and robust and at the same time the stock prices have not moved anywhere despite of the rally going on in this market.
A Mumbai firm finds a way to reduce container turnaround time from 34 days to 2 days
Backed by Zerodha founders, MatchLog Solutions has found an answer to an issue that has haunted transporters for years.
PM's active role, personal monitoring responsible for infrastructure sector turnaround, says FM
Nirmala Sitharaman praises PM Narendra Modi for reviving the infrastructure sector, highlighting the neglect during the UPA regime and the significant advancements made under the Modi government, including the expansion of the Metro network, growth in the aviation sector, and initiatives to boost the maritime ecosystem.
TBO Tek sees robust listing. What should investors do now?
TBO Tek strong listing can be attributed to the unwavering investor confidence in the company’s solid technological foundation and its potential for continued growth in the online travel sector.
TBO Tek shares debut at 55% premium over issue price
TBO Tek's shares debuted on NSE and BSE at premiums of 55% and 50% respectively. The company's appeal stems from its robust technological foundation, leveraging a proprietary platform. It raised funds from anchor investors for growth and inorganic acquisitions. IPO opening witnessed strong interest. General Atlantic acquired a minority stake in TBO.
TBO Tek shares to debut on Wednesday. What GMP signals ahead of listing
The TBO Tek IPO was booked over 80 times at close on strong interest from non-institutional investors. Ahead of the IPO opening, the company raised nearly Rs 697 crore from anchor investors.
Do Dr Lal Pathlabs' results indicate a turnaround for the sector? 4 stocks from diagnostic space, 3 with upside potential of up to 31%
Some sectors have a company which can be called as the bell weather of that sector and that is why its results of that company probably are indicative of what is happening in the sector. In case of the diagnostic, it is probably the Dr Lals path labs which would fit the criteria, it has national presence, large network, present in both physical and digital segment. So when the quarterly numbers come and they show improvement on many fronts then probably it is time to have a look at them more seriously and see if there is a possible turnaround building in the sector. This became even more important because these stocks had gained extremely high valuation and also popularity in terms of both retail and institutional participation. But then for close to two years, they have been a strong under performer in a strong bull market. Does this result mean that finally in terms of price war for customer acquisition over and now the valuation readjustment will start in the upward direction.
Major Indian ports bettered efficiency and earnings in 2023-24
According to the centre, average container turnaround time reached less than a day in 2023-24 which is better than USA (1.5 days), Australia (1.7 days), Singapore (1.0 days). The improvement is on the back of investments in cargo handling equipment on berths and better supply chain visibility due to digitalization, officials said.
ICICI Pru Life pays Rs 1,867 crore towards death claims in FY'24
The company said it has enabled its digital touchpoints such as WhatsApp and the mobile app providing convenience to claimants to lodge and track claims. Also, the company provides home pick-up of claim documents.
Earnings season sparking volatility; 3 sectors to watch for turnaround: Shreyash Devalkar
Shreyash Devalkar of Axis Mutual Fund discusses the market volatility and potential growth areas like FMCG, private banks, and IT. He emphasizes the importance of monitoring valuations and anticipating a market turnaround for these sectors. He says that most of the volatility at the stock level is based on the result season.
2 years after privatisation, Air India's turnaround is still on the tarmac
Tata Group acquired Air India in January 2022 from the government, aiming to revive the debt-ridden carrier. However, the merger with Vistara faces hurdles as pilots protest pay changes. Despite efforts to restore Air India's former glory, challenges persist, including operational issues and staff unrest, impacting the turnaround process.
Hopeful of turnaround in Bengal in Lok Sabha polls: CPI(M)
The CPI(M) in West Bengal is optimistic for a turnaround in the Lok Sabha polls, banking on voter disillusionment with the TMC and BJP. Promising a fair election process, the party aims to capitalize on growing dissent and issues like unemployment and rising prices to secure seats.
RBL Bank aims to grow retail with new products, cut back on wholesale book
"We are launching multiple products in respect of assets and we want the branches to build the assets. All these products will be used for acquiring the customer. Our probability of acquiring him is limited if we don't have products lined up. If somebody wants an education loan and we don't have it, he will go to another bank and probably take deposits too. So retaining liability without a corresponding product is going to be a challenge," says RBL Bank CEO R Subramaniakumar.
Turnaround story: 40 smallcaps that lost over 30% in FY23, turn multibaggers in FY24
The FY24 has been a turnaround year for smallcap stocks, witnessing a significant rally with many stocks turning multibaggers. However, concerns over valuations raised by Sebi might moderate returns in FY25. While equity bulls partied hard in most of FY24, the Securities and Exchange Board India (Sebi) turned a party spoiler towards the end.
SpiceJet improves financial position with another Rs 316 crore fundraising
SpiceJet has secured Rs 316 crore in investments, allocated equity shares and issued warrants to investors. The funding strengthens their financial position, supports expansion initiatives, and enables cost-cutting measures, including employee layoffs and fleet upgrades.
What EPack Durable's MD has to say on Q3 turnaround, debt and stock’s tepid show
EPack Durables reported a net profit of Rs 4.9 crore for the December quarter. The company's turnaround is credited to the investments made in FY21 and FY22. EPack Durables plans to retire long-term debts using IPO proceeds and expects pent-up demand in the upcoming season. MD & CEO Ajay Singhania speaks about the Q3 performance, company's falling debts, IPO proceeds and stock's performance,
Chinese pray God of Wealth for a turnaround of their fortune in Dragon Year to beat economic slowdown
Videos and posts on Chinese social media platforms showcased the busy scenes at the temple fairs in Beijing. More than 130,000 visitors visited the temple fair at Ditan Park last Sunday - the opening day of the fair. Similar scenes were witnessed in many Chinese cities, including Shanghai, Hangzhou, Chengdu, and Fuzhou, where people gathered in temples to pray and take part in local fairs.
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