BUSINESS
Wipro is changing, for good or bad
The acquisition of Capco will enhance Wipro’s capabilities. But Indian IT’s limited success in combining consulting and outsourcing offerings is stoking scepticism
BUSINESS
It's a relief for investors that telcos haven't paid high prices for spectrum this time
Industry leaders Reliance Jio and Bharti Airtel enhanced their spectrum holdings, purchasing more than their renewal requirements
BUSINESS
Rising global food prices have a silver lining for India
High prices can improve realisations. India can also step up exports of food grains and reduce the inventories in the domestic market
BUSINESS
ReNew Power had a good run in India, but competition is catching up
The US listing will help ReNew Power tap rising global demand for green energy investments
BUSINESS
Excess capacity no bother for port operators as tariffs and volumes improve
Profitability of port operators is projected to improve next fiscal year, helped by improvement in volumes and better operating leverage
BUSINESS
Torrent Power shows the way out for troubled power utilities
Troubles at its gas power plants notwithstanding, Torrent Power persisted with building electricity distribution business, helping it grow earnings
BUSINESS
Cognizant’s unique employee retention fund indicates HR undercurrents for Indian IT
Utilisation levels at most Indian IT companies reached optimal levels last quarter. With demand improving, the firms are stepping up hiring
BUSINESS
Will the PLI scheme for telecom gear makers be as much of a success as for mobile phones?
Despite a large subscriber base and domestic market, India imports a significant part of its telecom equipment needs
BUSINESS
As Voltas extends lead in room ACs, investors eye bigger pie in home appliances
Voltas outperformed peers during the last quarter. Cooling products revenue grew at a faster pace and the company increased market share gains in room ACs
BUSINESS
Govt’s infra push to benefit construction sector first and capital goods later
Companies such as Dilip Buildcon and KNR Constructions see sizeable order inflows while capital goods companies expect a more gradual recovery
BUSINESS
High freight rates hurt India Inc, but no panic yet
Despite paying higher tariffs, some customers are unable to secure time-bound shipments. Transportation constraints are weighing on exports
BUSINESS
Market share gains give Adani Ports and Concor an edge
Adani Ports and Concor gained market share in key business segments last quarter. Recovery in trade and commissioning of dedicated freight corridors can help them maintain volume momentum
BUSINESS
Waning COVID-19 brings relief for hospital chains, but worries remain
Hospital chains Max Healthcare, Narayana Hrudayalaya and Fortis saw significant recovery in the December quarter. Non COVID-19 patients increased
BUSINESS
NTPC's and Tata Power’s green energy bets await returns’ test
NTPC and Tata Power are progressing well on their renewable energy ambitions. But as the business gains scale, investors will want to know how they are faring on profitability and return ratios
BUSINESS
Sabyasachi will not stretch Aditya Birla Fashion, scale-up important
Aditya Birla Fashion is well placed to fund its Sabyasachi acquisition. The company has recently raised funds from a stake sale to Flipkart and from a rights issue
BUSINESS
The subtle shift in India's defence budget
The total allocation for defence moderated in FY22. But the share of capex in total allocations continues to inch upwards
BUSINESS
Budget 2021: Infrastructure gets much-needed push, execution key
Allocations for infrastructure exceeds the Street's estimates. Roads, railways, urban infrastructure have got the lion's share of allocation in the Budget 2021-22
BUSINESS
Budget Chart Point | Will Budget 2021 herald a new dawn for the fertiliser sector?
As part of the stimulus package, the government last year said it will allocate additional amount for subsidised fertilisers. Higher allocation can clear the subsidy backlog, easing financial pressure for manufacturers
BUSINESS
How SBI Life and HDFC Life differed in December quarter
SBI Life saw strong growth in protection revenue while HDFC Life calibrated the business fearing heightened risks due to COVID-19 pandemic
ECONOMY
Budget Chart Point | Freight revenues keep the flag flying for Indian Railways
How the Railways plans to fund the capex will be important
BUSINESS
Renewed push for defence indigenisation to boost company order books
Allocations for defence may rise in 2021 Union Budget and the government has set specific targets for import substitution and domestic procurement
BUSINESS
Cement firms begin 2021 on a quiet note despite firm demand
Cement prices continue to decline. Prices dropped 2 percent sequentially in January continuing the easing trend of earlier months
BUSINESS
Adani Group gets cash boost from stake sale to Total, but is it enough?
Stake sale to Total sets a benchmark for Adani Green Energy’s market valuation. Proceeds from the sale can help the group fund capex and reduce pledges of shares
BUSINESS
COVID-19 pandemic is aiding Indian IT in more ways than one
Offshore mix at Infosys and Wipro reached record levels last quarter. With customers more amenable to remote delivery, offshoring is estimated to remain high, aiding IT companies' profit margins
