BUSINESS
Cargo at major ports grows for the first time since COVID-19 struck
Cargo volumes at major ports grow in November after declining for eight months. Container traffic and commodities such as iron ore and coal drive the recovery
BUSINESS
What explains Tata Sons’ vote of confidence in Tata Chemicals?
Tata Sons has been raising stake in Tata Chemicals for a year now, which is witness to early results of a capacity addition-led business expansion plan
BUSINESS
Krishnapatnam port turnaround a shot in the arm for Adani Ports & SEZ
Adani Ports has scaled up Krishnapatnam port’s profitability significantly reducing costs and improving realisations
BUSINESS
Rallis India reaffirms positive farm sentiment, but expectations are tempered
Rallis India, PI Industries and Dhanuka Agritech are all optimistic of growth picking up, going forward. Progress in the rabi crop season and good water availability are giving hope to the farm sector
BUSINESS
Recovery signs visible at capital goods companies, government support crucial
With workers returning, execution is normalising. Customers are investing in efficiency improvement measures. Orders are emerging from new age industries and efficiency improvement investments by clients
BUSINESS
Smaller firms outpace Page Industries
Sales of Lux Industries, Dollar Industries, Rupa & Co. grew at a decent pace in the September quarter, helped by sales of economy range products and growth in smaller urban centres
BUSINESS
Richcore Lifesciences acquisition marks successful diversification for Laurus Labs, scale-up key
Acquisition of Richcore Lifesciences will give Laurus Labs a foothold in the growing biotechnology sector. Scale-up of the business can be time consuming but can yield meaningful earnings benefits
BUSINESS
After a decent COVID-19 run, cement industry awaits post festive demand test
Channel checks by analysts indicate slow recovery in demand post festive season. Prices are either flat or showing signs of moderation
BUSINESS
How Bharat Electronics is withstanding the COVID-19 disruption better
Bharat Electronics sees a strong recovery in September quarter, expects order inflows in the current fiscal to exceed previous year's levels
BUSINESS
Gujarat Pipavav charts growth path, regulator consent key
Dedicated freight corridor connectivity can help Gujarat Pipavav gain market share. The expansion plan is subject to approval from the regulator
TRENDS
Renewable energy capacity additions turn the corner, but challenges persist
Renewable energy sector is recovering from COVID-19 disruption. Capacity additions are set to gather pace as work on delayed projects resumes
BUSINESS
Wipro’s no margin pain reorganisation plan awaits execution test
Wipro new CEO Theirry Delaporte elaborated on the revival plan at an analyst meet. The focus is on growth acceleration and simplification of the organisation structure
BUSINESS
Why NBCC's giant order book inspires limited confidence
NBCC’s order book more than tripled in five years to FY20. But its revenues lagged on slow execution and weak asset monetisation
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
