BUSINESS
Thrust on urbanisation augurs well for the steel industry: JSPL MD
He said that while removal of the export duty on steel was a welcome move, there was enough unmet domestic demand, and producers do not really need to export.
BUSINESS
Economic Survey 2023: Big reforms that helped the government navigate financial crisis
India’s annual pre-budget Economic Survey 2022-23 spoke of the efforts undertaken by the government during crisis and major reforms implemented.
BUSINESS
Mercedes-Benz India has done a great job in promoting mutual fund SIPs: A. Balasubramanian
Strap: The chief of one of India’s biggest asset management companies said he takes inspiration from the simple dressing style of late Apple Inc. co-founder Steve Jobs, and spoke about how he manages stress while working long hours.
BUSINESS
Porinju Veliyath feels IPOs of Mamaearth, OYO are risky propositions
While the managing director of Equity Intelligence follows value investing as a strategy and looks for smart companies with big growth potential, he still gets a kick out of speculative trading.
BUSINESS
MC Exclusive | JSPL in talks to buy strategic stake in Steel Exchange India
JSPL, which aims to raise its installed capacity more than fivefold to 50 million tonnes per annum from 2030, has been open for inorganic growth
BUSINESS
Startups IPO valuations are stretched: IIFL Chairman Nirmal Jain
The broking industry’s volumes will go up and margins will come down, and the pecking order will change as some new-age companies will manage to make it to the leaderboard
BUSINESS
LTCG rationalisation will bring back the bulls; policy uncertainty will disappoint the markets: Nirmal Jain
The IIFL Chairman feels that growth in private capex would come on the back of higher capacity utilisation, mostly in export-oriented units.
BUSINESS
China’s reopening caused historic FII stampede, but there’s good news for metals: Nirmal Jain
FIIs have sold equities worth almost $2 billion in the first 13 sessions of the year — probably the worst FII sell-off witnessed in January over the last two decades.
COMPANIES
MC Exclusive | Whiff of instigation, contradictory versions emerge in Air India pee-gate event
The report seems to suggest that one passenger may have been an instigator in the matter. A statement of a passenger also runs contrary to the statement made by the complainant
TRENDS
MC Exclusive | Air India seating plan uncovers a potential twist in pee-gate
The seating arrangement in the alleged peeing incident on an Air India flight adds a possible twist in this tale of intercontinental incontinence.
BUSINESS
Motilal Oswal's Raamdeo Agrawal says corporate earnings will have to justify valuations
Motilal Oswal Financial Services chairman says corporate earnings will have to justify equity valuations and a 15-17 per cent bump in earnings will activate the bulls.
BUSINESS
Budget 2023: Govt can allocate more to infra as it scales back COVID-19 subsidies: Raamdeo Agrawal
The Budget 2023 should only fine-tune long-term capital gains tax and not anything extensive. Also, the Budget could give some relief on the cheaper or mass consumption items. That could do some magic, says Agrawal
BUSINESS
New-age firms are still not cheap and continue to make losses, says Raamdeo Agrawal
Motilal Oswal Financial Services' Chairman Raamdeo Agrawal's comments dovetail with concerns relating to Mamaearth’s valuations. The digital-led beauty and personal care company was the first unicorn of 2022 and filed for listing at the end of the year
BUSINESS
Not an era of index investing, 2023 all about stock picking: Nimesh Shah, ICICI Prudential AMC
Shah says that the whole of 2023 will be a year of investing, and not harvesting, to make money over the next five years.
BUSINESS
You just need common sense to make money: ICICI Prudential AMC CEO Nimesh Shah
You don’t need to be a financial analyst to succeed in the markets. Just common sense, and discipline, says Shah.
BUSINESS
Bullish real estate cycle has just begun: ICICI Prudential AMC CEO Nimesh Shah
Shah, who is a firm believer in the mean reversion theory, says sectors that haven’t done quite well in 2022 will bounce back in 2023. He says sectors like banking, technology, pharma, infra or anything related to construction, which is real estate, are the ones to watch out for
BUSINESS
India has been and will always look expensive: Aashish Sommaiyaa
The global environment continues to be complex, which is why Sommaiyaa expects there will be downgrades and earnings growth will be scaled down to low double-digits instead of 15-16 percent.
INTERVIEW
Mavericks like Musk make moonshots happen: Aashish Somaiyaa
Looking ahead st 2023, the White Oak Capital CEO is betting on non-lending financials, consumer discretionary, and midcap IT. And also on losing weight
INTERVIEW
Budget 2023: Consistency, not tinkering with taxes, is the need of the hour, says Aashish Sommaiyaa
He feels that we need to invest more in the rural sector and in modernising agriculture to make it more productive to live in Indian villages.
BUSINESS
Best bets for 2023: Brokerages line up their top stock picks for this year
Experts see the Indian markets continuing the outperformance of 2022 vis-à-vis other global markets, in 2023 too. Companies and sectors focussed on the domestic market could do well. One caveat however, is that there may not be big upsides
INTERVIEW
Govt should protect India’s steel industry from dumping in the wake of non-tariff barriers across globe: JSPL’s MD
The company’s managing director Bimlendra Jha said that he expects the government to create a level playing field for the industry in the upcoming budget, underlining that Indian steel companies faced multiple challenges in 2022.
BUSINESS
Dalmia- Jaypee deal: Lack of clarity overshadows cheap valuations
The company has acquired Jaiprakash Associates’ cement assets for enterprise value/ tonne of $73/ tonne – the cheapest preliminary valuation witnessed in nearly five years
ANNOUNCEMENTS
Jaypee deal an attractive proposition for Dalmia, more clarity awaited: Brokerages
Enterprise value less than previous deals in the cement sector, will take Dalmia closer to the goal of becoming a pan-India player, say research houses
ANNOUNCEMENTS
Dalmia Bharat acquires Jaiprakash Associates' cement plants for nearly Rs 6,000 crore
Back in October, Jaiprakash Associates and Jaiprakash Power Ventures had announced plans to divest their cement business as well as some non-core assets to reduce debt.
