BUSINESS
Robust demand for office leasing but vacancy risks lurk
Strong growth in global capability centres, banking and financial services and flex work spaces in addition to start-ups is driving demand for office spaces
BUSINESS
Chart of the Day: Hotels capex vaults in CY2023 but below CY2019
Steadily improving occupancy rates and average room rates have pushed up confidence in the hotel sector leading to five-fold increase in capex in FY2023
BUSINESS
Hyundai IPO: What’s in it for the Korean parent and the Indian investor?
India is a priority market for Korea’s HMC. Q12024 global sales showed that India grew at 11.5 per cent yoy compared to US and Europe that grew at 5 and 6 per cent respectively, albeit on a lower base
MARKETS
Ambuja's takeover of Penna Cement brings market share gains, synergies
Ambuja Cement’s acquisition of Penna Cement gets it a foothold in the competitive southern landscape, but turnaround of this ailing entity is a challenge
BUSINESS
Moneycontrol Pro Panorama | More indications of a soft landing
In this edition of Moneycontrol Pro Panorama: Startups losing sheen for employees, unfavourable policy fear lingers for sugar mills, policies to boost affordable housing, misplaced infrastructure priorities limit India’s economic potential, and more
BUSINESS
A multi-pronged approach, not mere targets, can boost affordable housing
The present PMAY scheme and the faltering pace of affordable housing that fell short of its earlier targets has evoked a great deal of criticism
BUSINESS
As retail inventory falls, India must up its game in global cotton textiles
Falling cotton prices augur well for India’s yarn spinning and weaving mills that are seeing demand improvement in domestic and overseas markets
BUSINESS
Electric vehicles: Miles to go before reaching the EV goalpost
The expiry of FAME II subsidies had seen a drop in EV sales lately. However, the automobile industry has been proactive in its efforts to invest in new electrification technology supported by government initiatives. Will a newly elected government continue these initiatives?
INDIA
Will infrastructure capex lose steam under the new government?
The NDA winning the 2024 elections with a slimmer majority raises a pertinent question whether government outlay on infrastructure will continue with the same fervour as seen in the past
INDIA
New EPR provisioning adds to cost pressures of tyre makers
The need to provide for EPR is an added pressure on profit margins of tyre companies at a time when input costs are also inching up
MARKETS
Expect low to mid-teens earnings growth in Nifty during FY25: Kunal Vora of BNP Paribas
Upgrades are seen in PSUs, pharma and auto companies in the last few quarters, but there have been disappointments in sectors like consumer staples, IT services and metals
INDIA
Siemens: Business rejig a step towards greater profitability
Sale of its India wind turbine business is Siemens Energy’s strategic move to stem losses and makes a choice to focus on lucrative markets such as the US and Europe
EARNINGS
Capital goods firms’ results reflect varying sectoral prospects of domestic economy
Recent results of cap goods firms mirror robust infrastructure capex in the country translating into good order flows, but some near-term hiccups in orders from process industries and large orders
EARNINGS
Tata Motors: Risks to growth mar euphoria over zero debt
The management narrative of moderation in sales for some geographies and auto segments along with rise in costs suggests that earnings growth has peaked for the near term
BUSINESS
India has a lot going for it: Lakshmi Iyer of Kotak Alternate Asset Managers
The top fund manager rules out any aggression in terms of rate cuts and sees rates at around these levels longer
BUSINESS
Chart of the Day: Corporate revenue growth slackens over three straight quarters
After moderating in FY24, revenue growth rate on an annual basis is expected to inch up from 8 per cent in FY24 to 9-10 per cent in FY25
INDIA
UltraTech’s Q4 reflects cement industry trend of driving sales amid weak prices
Cement firms gained from decline in operating costs, led mainly by a steep drop in fuel and energy costs, which offset softer realisations
BUSINESS
Changing contours of India’s commercial real estate market
The commercial property market is dotted with multinational captive centres that are morphing from providing back-end operational support to even managing cutting-edge innovations for their parent firms
BUSINESS
Will Bajaj Auto’s product fix help sustain rich valuations?
The auto maker is firing on all cylinders, but concerns on its ability to sustain domestic sales growth, exports and rise in costs remain
INDIA
PV electrification set to power ahead in India
The push for Make-in-India can catalyse localisation, innovation and competition in the world’s fourth-largest PV market
EARNINGS
Godrej Properties: Standing tall among peers
An outlier in pre-sales of homes in recent quarters, the March quarter is commendable for GPL, though reduction in interest outflow would improve investor returns
BUSINESS
Rising retail appetite for infra projects augurs well for sector
Sustained government focus on infra, regulatory reforms and healthier company balance sheets have raised investor confidence
BUSINESS
Moneycontrol Pro Panorama | Rising oil prices will be a headache for the MPC
In this edition of Moneycontrol Pro Panorama: South Asia's 'Jobless Development' becoming a problem, the hunt for critical minerals gets daunting, rise in informal employment concerning, turncoats in Odisha have struck the jackpot, and more
BUSINESS
Aditya Birla Fashion-MFL demerger to enable value creation in retail business
The management’s recognition of the need for a demerger through a vertical split of businesses is timely given the high growth and competition in the fashion industry
