The Union Cabinet, in a landmark move for Indian retail, announced some noteworthy changes in norms pertaining to single-brand foreign direct investments (FDI) in India, thereby making it considerably easier for global retailers to gain access to the highly dynamic and fast-growing Indian markets
Cabinet decision expands the universe of bidders for the debt-laden airline. The can make Air India divestment faster, and probably in FY19 itself.
The current market valuation of a 51 percent stake in HPCL stands at roughly Rs 32,000 crore, that too at a time when markets are at an all-time high.
Electricity is fast emerging as the primary choice of fuel in automobiles, instead of petrol and diesel. On the supply side, renewables are replacing conventional thermal-based energy sources.
Government is contemplating replacing power plants over 25 years. With about half of the country's thermal power plants being over 25 years old, the opportunity is huge.
We feel most regulatory headwinds are weakening and the situation has returned to near normal. Good monsoon, rural demand and government’s capex push are the tailwinds that will drive growth in the sector.
Cartels are usually charged with colluding to inflate prices of products and services. Rarely are they accused of trying to deflate something. Also, information technology would be the last sector you would imagine to be part of such a devious arrangement.
It is widely known that power generation has been on the rise for a while now. This has been captured in various official data points like the Index of Industrial Production (IIP), and the GDP.
Within the textile sector, the trade is now shifting towards the innerwear companies as outerwear companies’ growth and margins have been facing the brunt of competition, with new domestic and international players crowding the market.
Last few days have seen a lot of noise around the inclusion of natural gas under the GST tax regime. With keen interest from oil ministry in support for the proposal, it seems like the next big topic for the GST council meeting.
The festival month led to a better performance from the aviation sector.
The need for a strong resolution mechanism, different from regulation, was necessitated by the 2008 global financial crisis. Since modern financial system is highly interconnected, failure in any one sector can have a domino effect and rattle the system as a whole.
While an immediate resolution of these assets and acquisition by a serious player could definitely help revive these companies, will investors make money? The question needs to be seen in the light of the prospective acquisition of the deal.
We stay cautiously positive on the sector like Rallis India and Coromandel Industries. We are convinced with the business model of PI, Dhanuka and UPL and suggest to buy on dips
Indian retail is likely to be characterised by key developments such as a GST-induced transition in favour of organised retailers and co-survival of offline and online players, among others.
Since the Indian market has a large play on auto ancillaries, we decided to create a portfolio of ancillary companies that are immune to EV disruption and/or beneficiaries of the advent of EV.
The government is estimated to invest close to Rs 1 lakh crore for the redevelopment of the stations. The Ministry of Railways is aiming to redevelop 10 railway stations on a pilot basis for Rs 5000 crore.
Auto players witnessed a huge spike in their sales volume for the month of November, partly due to the lower base of the previous year when demonetization hit them.
Incumbent players have seen a steep erosion in margins and profits over the last couple of quarters as they were forced to slash tariffs in response to the rates offered by Jio.
While the sector is dominated by unorganised players, the outlook for the organised players looks promising. Despite the run up in stock prices, investors should keep an eye on this sector for steady earnings growth.
Industry has an oligopolistic structure wherein a few companies are up the scale in technical knowhow and quality control which help in offering a palette of colour solutions vetted by necessary regulatory requirements in different geographies and client approvals.
PSU recapitalisation may not restore competitiveness – be selective.
In a landmark move, the President of India gave his assent to the Bankruptcy Ordinance. The move has unintended consequences. For bidders with requisite financial muscle, it might be a once-in-a-lifetime opportunity. Here’s a look at who could gain from this exercise.
Jewellery sector companies reported a very decent quarterly performance and are riding on tailwinds such as a market share shift to the organised sector, gradual revival of consumer sentiment, and regulatory support in the form of relaxation of Prevention of Money Laundering Act provisions.
The industry has been clocking double-digit growth for the last 39 months and the trend continued with the industry witnessing 20.6 percent (YoY) growth in October 2017, higher than 16.5 percent it clocked in September 2017.