BUSINESS
Witnessing market share loss in mass end of the market, says HUL CEO Rohit Jawa
Rural demand in FMCG market remained subdued in the July-to-September quarter. Volumes in rural declined 1% on a two-year CAGR basis, while urban volumes increased 3 percent on a two year basis
BUSINESS
Passing benefit to customers via price cuts, not grammage increase, says HUL's Ritesh Tiwari
On the back of these cuts, HUL management also sees price growth to be marginally in negative territory if commodity prices remain where they are. The company's focus remains on driving 'competitive volume growth'.
BUSINESS
ICICI Lombard's improving combined ratio is good news but valuation warrants caution
The combined ratio is the sum of incurred losses and operating expenses measured as a percentage of earned premium. A lower combined ratio means the company is doing better financially
BUSINESS
Problem of depth: Active mutual fund schemes outnumber the stocks they invest in
Eighty percent of active mutual fund AUM is in 178 stocks and about 60 percent in just 79 stocks, as per Accord Fintech
BUSINESS
HDFC Bank Q2 earnings growth: Is it 50, 10 or 6%? Here is the correct version
Contrary to the 50 percent profit growth number doing the rounds, HDFC Bank's consolidated PAT growth is only 10 percent, pointed out analysts as the base quarter numbers do not include HDFC Ltd's numbers
BUSINESS
After Ashish Kacholia, HDFC MF is a suitor of this stock. Here is the electrifying story they’ve bought into
According to analysts, investing in the stock is a bet on India’s increasing per capita income and penetration of white goods into rural areas.
BUSINESS
HDFC Bank's support, new products to propel HDFC Life’s performance: Analysts
CLSA has upgraded its rating for HDFC Life from "Underperform" to "Outperform" and increased the target price to Rs 725 from rs 680 per share.
BUSINESS
DMart’s valuation comes to question as it reports profit decline after 12 quarters
Over the past few quarters, DMart has also been trying new initiatives such as in-store pharmacy, smaller formats of DMart Minimax and rejig of general merchandise offering in favor of faster moving SKUs.
BUSINESS
Jio Financial Services first ever quarterly results today; mutual funds trim stake since listing
Ahead of results, in the month gone by, mutual funds brought down their stake in the NBFC (non-banking financial company) to 4.71 percent. As of August end, mutual funds’ stake stood at 6.63 percent, according to data compiled by Prime Database.
BUSINESS
No price hikes for paints industry in FY23-24, reduced rebates will protect margins
JSW Paints clocked more than Rs 1,500 crore in revenues in FY22-23. Currently, the decorative paints segment comprises 55 percent of its revenues, and industrial paints comprise 45 percent
BUSINESS
Shalby zooms 10% ahead of meeting with Swiss investor: Stake deal on the cards?
Apart from capacity expansion, Shalby is also exploring opportunities in the home care sector
IPO
SME IPOs: How they are rigged and why in September?
Come September and several SME IPOs flood the market. While a few are genuine, a number of them are there to manipulate the system and make a quick buck that’s not entirely legal
BUSINESS
Know Your Stock | A steel company with a dash of defence, touch of Samit Vartak
Goodluck India was one of the first-movers in the defence value chain. Though the company had manufacturing capacities to cater to defence and aerospace sectors even three years back, order flow has been slow. That script is now changing
BUSINESS
Foreign investors continue to reduce stake in HDFC Bank; can stock's weight double on MSCI?
FIIs have turned wary over the past few months as foreign broking firms believe that merger pain will last a while for HDFC Bank
BUSINESS
Need to create demand through quicker supply, loan against policies: ICICI Pru Life’s Bagchi
The CEO of ICICI Pru Life believes that insurance needs to be demystified for customers, with more awareness, easier onboarding processes. Customers would also be able to access liquidity via their insurance policies without losing their capital, he says.
BUSINESS
Lenders approval key to proposed Vedanta demerger as entire promoter holding pledged
As of June 2023 end, promoter group i.e. Vedanta Resources held 68.11 percent in Vedanta Limited or 253 crore shares. This entire holding is pledged with lenders.
BUSINESS
Vedanta aims to attract sovereign wealth funds through demerger, eyes debt rationalisation
The demerger is planned as a vertical split, for every one share of Vedanta Limited, the shareholders will additionally receive one share of each of the five newly listed companies.
BUSINESS
Tick, tock, one more block: Can markets stay on top?
It appears that block deals are here to stay. According to Nuvama Alternative Research, between August 22 and December 31, a total of 37 companies are slated to have their pre-listing shareholder lock-ins, both for promoters and non-promoters, lifted. The promoters and non-promoters may look to book profits through block deals when the lock-ins end
BUSINESS
Extended trading hours: Pain for traditional brokers, gain for digital brokers?
The additional session will mean brokers have to hire more staff and postpone tech maintenance. NSE plans to add a trading session for index options and futures from 6 pm to 9 pm
BUSINESS
HDFC Sec takes on Zerodha, Groww with new platform 'Sky', bets big on margin trading facility
With HDFC Sky, the company is targeting the Gen-Z, millennials and new-age investors. The app will provide access to stocks, ETFs, MFs, F&O, currencies, commodities, IPOs, and global equities.
BUSINESS
Delta Corp: Game over or will the house win as always?
The September 22, claim by the tax department is 3.5x Delta Corp’s last closing market cap and more than double the company’s last decade’s revenue. One saving grace is that the company is debt free.
BUSINESS
Whoa! Is the Ministry of Corporate Affairs, too, invested in midcaps and smallcaps?
A Ministry of Corporate Affairs arm publicly held 116 stocks with a net worth of Rs 1,720 crore as of June 30. Read on to find out why
BUSINESS
Diamond valued at coal price: Zodiac shareholders taken for a ride, offered 75% discount to book
The open offer price for Zodiac JRD MKJ shares is equivalent to 25 percent of the book value of Rs 133 a piece
BUSINESS
Yatra vs MakeMyTrip vs EaseMyTrip: How do the numbers stack up?
When it comes to tie-ups with hotels, Yatra is leading the pack. The acquisitions of Yatra TG Stays and Yatra Hotel Solutions have helped the company build the hotel supply on its platform, with over 105,600 hotels in over 1,490 cities and towns in India in FY23
