TRENDS
India’s excess power capacities begin to correct, now wait for demand
Thermal power capacity additions dropped to multi-year lows last fiscal year while renewable energy additions moderated
TRENDS
Moneycontrol Pro Panorama | Why the oil market could heat up further
In today’s edition of Moneycontrol Pro Panorama: Oil supply catch-up, metal prices on fire, ghost of taper tantrum, India Inc’s market maths, Adani’s airport IPO bet, why Facebook is pricey, Weekly Tactical, Bata India stepping up and much more
BUSINESS
Mrs. Bectors' subdued sales guidance could pose a risk to its valuation
The company expects 6-8 percent in the domestic biscuit business in current fiscal, slower than the 23 percent expansion seen in FY21.
BUSINESS
ICICI Pru Life's growth outlook brightens on new partnerships and product mix
ICICI Pru Life's growth is expected to get a boost from an enhanced product portfolio and scale-up of new distribution partnerships
TRENDS
COVID-19 is changing the way TCS, Infosys hire and deploy employees
Infosys rolled out a ‘talent anywhere’ model and plans to recruit in towns and cities where it does not have offices
BUSINESS
Sumitomo India’s transformation shows what MNCs can do to their subsidiaries
The Indian unit of Sumitomo has received approval to supply 5 proprietary products to parent company. More such opportunities are in the pipeline
BUSINESS
Second COVID-19 wave less damaging for Max, Fortis Healthcare
Fortis expects the impact to be less severe than in first half of the previous fiscal year while Max sees faster recovery in business
BUSINESS
Market share gains drive growth higher at Lux Inds and Relaxo Footwears
Shares of Relaxo Footwears and Lux Industries outperformed their larger peers by a wide margin in the past one year. Lux Industries' revenue growth is notably better than that of its peers
BUSINESS
Moneycontrol Pro Panorama | Oil’s well that ends well?
In today’s edition of Moneycontrol Pro Panorama: A cash shot for the economy, public float maths at Ruchi Soya, agri policy rethink, Weekly Tactical, Eicher’s hot wheels, the chip jigsaw and more
BUSINESS
Favourable prices, fertiliser subsidy to support farm investments
The factors that determine farm investments are still flashing green. Agriculture produce prices are firm and the government has sharply raised subsidy for fertilisers
BUSINESS
JSPL's power plant sale merits a higher price and a simpler structure
The initial sale price by JSPL implies a steep 55 percent discount to the replacement cost of the power plants
BUSINESS
CONCOR divestment: Land lease fee resolved, now comes the tricky part
CONCOR has paid significantly lower land licence fee in FY21 against the initial demand by Indian Railways. The land lease fee is estimated to reduce in FY22
BUSINESS
Gland Pharma’s focus on injectables yields superior growth
Gland Pharma’s revenue growth surpassed that of frontline drug companies in FY21. It is expected to outpace industry majors in the current fiscal too
TRENDS
Indian curfews bring forward orders for home textile exporters
Trident and Indo Count have firm orders for six months. Both saw strong growth in March 2021 quarter and expect the momentum to continue in FY22
BUSINESS
The diverging outlook for India and global agriculture markets
Balkrishna Industries and UPL are reporting healthy demand in global markets while Escorts warned of growth moderation in India
BUSINESS
UPL: Upbeat revenue outlook eclipses corporate governance concerns
UPL expects revenue to rise 7-10 percent in the current fiscal after clocking 8 percent growth in FY21
BUSINESS
Cadila’s animal health sale to fund its business transformation
Cadila’s animal healthcare business has reported steady growth and in FY21, its profit margins are estimated to be higher than overall company-level margins
TRENDS
Soaring drug sales may have a cautionary message for investors
Surge in COVID-19 infections last fiscal year has impacted sales of major category drugs hurting overall market growth
TRENDS
How big is the risk of employee absenteeism for IT services companies?
L&T Technology Services offered subdued revenue guidance for the current fiscal while Cognizant pointed to demand fulfilment challenges last quarter
TRENDS
SBI Life’s demand-driven approach is yielding good dividends
SBI Life Insurance’s March quarter growth is best amongst larger life insurers. Thanks to a favourable product mix, it also saw notable improvement in profitability
BUSINESS
Laurus Labs’ $1 billion sales target needs a bit of luck on execution
Laurus Labs is already halfway past its $1 billion revenue target and has new capacities and products to back up its growth plan
BUSINESS
Gateway Distriparks’ results indicate resilience in EXIM trade
The improvement in profit margins of Gateway Distriparks and a positive outlook has led to earnings upgrades by analysts
COMPANIES-2
Maruti’s eroding profit margin requires deep repair in product line-up
Apart from the voluntary plant shutdown to free up oxygen supplies, Maruti has managed its manufacturing operations surprisingly well so far this year
SECTOR
Tech Mahindra bucked IT sector hiring trends in FY21
Tech Mahindra is the only tier-1 IT firm to see a drop in employee base in FY21. The hiring trends are out of sync with its commentary about growth
