BUSINESS
SC judgement allowing states to tax mineral rights poses risk to industry
States' ability to tax mineral rights is likely to see costs for miners and user industries increase, but much depends on whether the impact can be absorbed or will be ruinous for margins
BUSINESS
Chart of the Day | Corporate Tax Rates: Old 30 percent tax rate is giving the new 22 percent rate a run for its money
While the new lower 22 percent tax rate still accounts for more than half of corporate income offered to tax, its share has fallen. The 30 percent tax gained ground with income under this tax rate rising by 60 percent, twice that of the 22 percent tax rate
BUSINESS
No major consumption boost in Budget, but Street remains optimistic
The Budget 2024 did not contain measures that could directly benefit consumer demand, preferring to invest in building blocks that could lead to future consumption opportunities
BUSINESS
Rural Consumption: Where are the gaps, asks Economic Survey 2023-24
The key takeaway from the Survey about rural consumption is that it is doing as well as it can and the main efforts should be focused on providing the masses with the right infrastructure, business opportunities, diversifying away from problem areas and encouraging more private investment in agriculture
BUSINESS
What Asian Paints' results say about its tryst with competition
The paint major’s volume sales growth disappointed and margins shrank, but competition was not to blame, said its management. The festival season should give more robust answers to how it is faring in the face of competition
BUSINESS
The value from Patanjali Foods’ acquisition of promoter business lies in the future
While Patanjali Foods will turn into a more complete FMCG company post-acquisition, the transaction structure involving a royalty and slower market growth implies the gains will not be instant
BUSINESS
Moneycontrol Pro Panorama | China’s shadow on global manufacturing refuses to shorten
In today’s edition of Pro Panorama: New Budget’s priorities, China hand in inflation, rains playing a cat and mouse game, road ahead for Indian bonds, and more
BUSINESS
Dilution of voluntary delisting norms a blow to minority shareholders
Minority shareholders will be disappointed with SEBI’s move to dilute the current voluntary delisting norms
BUSINESS
What stopped the copper rally in its tracks?
Copper prices crossed $10000 a tonnes in May and it looked like nothing could stop it. But as June draws to a close, prices are sharply off their peak levels
BUSINESS
Chart of the Day: India’s steel output slows down even as consumption stays strong
May was the second successive month in which India’s crude steel output grew by less than 4 percent, sharply lower from its trend in earlier months
BUSINESS
Signals from MSP hikes for the FY25 Kharif season
It comes in the backdrop of a slow start to the monsoon, with all eyes on whether farm output will give a boost to rural income in the current fiscal
BUSINESS
Is private sector capex turning a corner?
Capital work-in-progress data show manufacturing sector investments stepping up. For overall capex to grow, more sectors need to join the chorus
BUSINESS
The policy risk for sugar mills has abated, but it's not yet favourable
Reports of the minimum sugar price for sugar being increased and hopes that the government will ease its stance on ethanol diversion and exports are raising investor expectations
BUSINESS
Tata Steel’s European operations to wave green flag
Government support for Tata Steel’s European decarbonisation plans is welcome news, but whether price-led competition will pose a headache is the key question
BUSINESS
Chart of the Day | Global food inflation continues upward march
A sharp uptrend in dairy prices and a mixed trend in edible oils and cereals took the food price index back to a level last seen in November 2023
BUSINESS
Is higher support for consumption demand a given?
The NDA’s weak showing in the polls has made investors wonder if weakened household budgets were a reason and if that means a boost to consumption will be forthcoming
BUSINESS
Why monsoon may play a bigger role in the stock market this year
If predictions of an above-normal monsoon come true, then its contribution to GDP will also grow but the spillover effects can benefit stock market investors too
BUSINESS
What Novelis's IPO pricing means for Hindalco’s valuations
The IPO will lead to a cash inflow of Rs 6700-7800 crore that could go up if the issue is oversubscribed. The eventual IPO price and its post-listing trend could play a bigger role in valuations
BUSINESS
Moneycontrol Pro Panorama | Why price matters more than size
In this edition of Moneycontrol Pro Panorama: Small cap schemes register big gains, gas-based power plants look promising, regulators need to be more consumer friendly, India gives it back amid spats with several nations, and more
BUSINESS
Is there a tide that can lift all FMCG boats?
A sharp jump in FMCG shares raises the prospect of a sector re-rating on the anvil. While there may be some truth to that, it’s not a sure thing
BUSINESS
Dabur’s rural thrust pays off
The FMCG company’s sales growth in rural markets trending ahead of urban markets is in contrast to the rural slowdown story playing out in the sector
BUSINESS
HUL’s going where the growth is, so are investors
HUL’s calibrated approach to achieving volume sales growth with an eye on maintaining profitability points to a long wait ahead for higher sales and earnings growth
BUSINESS
Regulatory risk in sight for FMCG companies
The Patanjali Ayurved case saw the Supreme Court bring FMCG companies into the picture on misleading claims made in advertisements
BUSINESS
What’s driving the rally in metals?
The question investors should ask is whether the rally is because the world economy on a higher growth path or whether it is a flight to safety from emerging risks
