BUSINESS
Q2 results show Apollo Hospitals better placed on earnings, but Fortis is closing in on recovery
Both Apollo Hospitals and Fortis Healthcare see notable recovery in hospitals business in the September quarter. While Fortis expects the business to normalise by June next year, the recovery in retail healthcare centres can aid Apollo’s earnings
BUSINESS
The silver lining in Big Pharma’s September quarter results
US revenues of large pharma companies improved from the June quarter. The companies benefited from new product launches and moderation in pricing pressure
BUSINESS
With debt receding, all Tata Power needs now is a little help at Mundra
Tata Power's September quarter results show notable reduction in debt. The company saw funds infusion from promoters and realised proceeds from stake sales
BUSINESS
What the TCS-Deutsche Bank deal says about demand for IT services
The acquisition of Postbank Systems AG from Deutsche Bank by TCS illustrates how Indian IT is transcending technology budgets to capture business
BUSINESS
Indian Railways’ new fee structure could derail Concor profitability
Concor's September quarter results statement shows a significant rise in demand for land licence fee by the Ministry of Railways
BUSINESS
Biden win brings reprieve for Indian IT, but major visa relaxations not guaranteed
A Biden administration may take a more balanced approach to US immigration and visa policy, but a split Congress and a weak US economy are risks
BUSINESS
Confidence returns at Adani Ports, reduction in promoter pledges of shares key
Adani Ports resumed its annual guidance after a recovery in business volumes. While the company expects to clock modest growth in the current fiscal, stock pledges by promoters rose significantly
BUSINESS
COVID-19 product pipeline and debt reduction add zing to Cadila Healthcare
Cadila Healthcare is working on a potential COVID-19 vaccine and drugs. With key markets, India and the US returning to growth, the success of COVID-19 initiatives can add to the company's revenue momentum
BUSINESS
Auditor conundrum adds to debt concerns at UPL
The resignation of an auditor at a key subsidiary without a convincing explanation is stoking concerns at UPL. While the company maintained FY21 revenue growth guidance, performance in the September quarter is mixed
BUSINESS
Hospital occupancy picking up at Fortis, but business normalisation some time away
Occupancy at hospitals improving after a sharp fall in April-June. While diagnostic business is seeing faster rebound, postponement of hospital visits by patients can weigh on recovery
BUSINESS
Dr Reddy’s revs up product launches after costs recalibration, execution key
New product launch momentum is gathering pace at Dr Reddy’s Laboratories with the company targeting to introduce 30 drugs in the US this fiscal. While the company is also working on COVID-19 medicines, success is contingent on positive research outcomes
BUSINESS
Business recovery adds heft to Tata Motors’ deleveraging plan
Tata Motors’ September-quarter results indicate a material improvement in passenger vehicle business. A sustained improvement in profitability and sales can help the company achieve its deleveraging objective
BUSINESS
Natrol sale marks a subtle shift in Aurobindo Pharma’s business strategy
The Natrol sale will help Aurobindo Pharma focus on the core generic drug and injectable businesses
BUSINESS
Why Aditya Birla Fashion-Flipkart partnership will yield results sooner than later
Aditya Birla Fashion’s digital preparedness should help Flipkart derive synergies faster. The funds infusion will strengthen Aditya Birla Fashion’s financial position helping it invest in growth areas
BUSINESS
Resilient exports place Balkrishna Industries firmly on recovery path
Exports of specialised tyres from India continue to see strong growth. This bodes well for Balkrishna Industries, a major exporter of agriculture and industrial tyres
BUSINESS
Coal India’s volume recovery needs sustained support from thermal power
Coal India continues to see healthy growth in coal offtake, helped by improvement in thermal power generation
BUSINESS
How ACC’s cost saving programme is yielding disproportionate earnings benefits
ACC reported a healthy expansion in operating earnings despite subdued sales volumes. The company is benefiting from steady realisations and cost efficiency measures
BUSINESS
Volume recovery to aid govt’s divestment efforts for Concor, but niggling worries remain
The improvement in container traffic at Indian Railways and major ports augurs well for Concor. But earnings benefits are uncertain as competitive intensity remains high
BUSINESS
Seasonal softness test awaits big IT after broad-based recovery
Financial services and retail business verticals drive recovery at big four IT companies. While companies also saw good deal wins, managements warned that the December quarter may see some seasonal softness
BUSINESS
How market share gains and digital investments are fuelling Infosys’s record order wins
Infosys reported highest ever large deal wins last quarter. The company is gaining market share even as clients cap overall IT spends
BUSINESS
Wipro's new CEO builds on predecessor's themes, execution key
Wipro’s new CEO outlines a 5-point plan to narrow the growth gap with industry leaders. While the earlier CEO also set out a similar plan, execution was tardy
BUSINESS
Diagnostic firms ride the COVID-19 wave, retention of business gains key
Diagnostic firms such as Dr Lal PathLabs, Thyrocare Technologies and Metropolis Healthcare rebound as COVID-19 related tests drive business growth. While non COVID-19 business is showing signs of normalisation, sustainability of recovery is key
BUSINESS
Outlook for global IT sourcing improves as deal activity picks up
With global enterprises resuming IT spends and project pipeline improving, all eyes now on large deal conversions
BUSINESS
Why H-1B visa restrictions are no big deal for Indian IT
COVID-19 is transforming the way IT services are delivered. This can cap the travel requirement and the need for more work visas for Indian IT
