Business in the Week Ahead: April 1-5, 2024
RBI monetary policy, March PMIs, automobile sales, Bharti Hexacom IPO and bank credit are the key events, data to track
Karur Vysya Bank — Is more juice left in the rally?
Deposits to dictate loan growth, going forward
Zensar– Why it deserves long-term attention from investors now
With decent progress on order inflows, the company’s revenue trajectory is set to look up
Prince Pipes: Aquel buyout a positive for bathware, but core business recovery in focus
Total revenues declined by 6 percent in 9M FY24 as pipes business faced market share loss
Housing.com not actively seeking acquisition, open for interesting opportunities: CEO Dhruv Agarwala
Agarwala highlighted that revenue from its core businesses — advertising and housing brokerage — grew 32 per cent to AUD 32 million.
Apple Antitrust Suit: The US shouldn’t force the company to make a worse iPhone
Apple uses its maniacal control over the user experience on the iPhone to make it a vastly superior smartphone that is more attractive to consumers. But in doing so, it shuts out competitors in a manner that has anticompetitive side effects because of the iPhone’s scale. Attempts to remedy this situation could be painful, unpopular and have a high chance of failure
Accenture disappoints – Are Indian IT players better-off?
Higher FII inflow, along with a better demand outlook for IT services, may set the stage for brighter days for the sector in the second half of FY25
Boeing deliveries on track as Akasa goes international: CEO Vinay Dube
Akasa’s current fleet includes 24 Boeing aircraft of the total 226 it has on order which are expected to be delivered over 8 years
Wipro appoints Anne-Marie Rowland as CEO of Capco
Capco, a Wipro company, is a global technology and management consultancy focused on the financial services and energy industries.
Coforge: Why the stock consolidation presents a long-term opportunity
Growth is strong amid challenges, order inflows are robust, and margin is rising
Former Byju's executive Jitesh Shah to join Ola Electric as Business head of after-sales and customer experience
Shah was the business head of Byju's exam prep and Akash Digital, which he resigned n December of 2023.
Moneycontrol Pro Panorama | Mergers are not a please-all solution
In this edition of Moneycontrol Pro Panorama: IT stocks still a favourite despite earnings cut, learn to predict market price reversals to stay ahead, impact of recent tyre price cut explained, Trump's tantrums a sign of what's to come, and more
Chart of the Day: How IT stocks gathered more steam in spite of earnings cut
The NSE IT index has gained by 28.5 percent in the last one year even as analysts pared earnings estimates for most major companies
How LTIMindtree lost its growth mantle, post merger
LTIMindtree is unlikely to outperform large IT services companies in FY24 the way it did in FY23 or before
P&G India appoints Kumar Venkatasubramanian as CEO
Venkatasubramanian is currently leading the P&G business in Australia and New Zealand as CEO
Equitas Small Finance Bank – Is there an opportunity in the underperformance?
The stock price will be driven by the twin engines of earnings and possible valuation rerating
Zee Entertainment shareholders approve appointment of 3 independent directors
Zee Entertainment informed its president and group chief technology officer Nitin Mittal resigned as the company streamlines the vertical
US probing Adani Group over potential bribery
Investigators are digging into whether an Adani entity, or people linked to the company, were involved in paying officials in India for favourable treatment on an energy project, according to people, who declined to be identified
Eris Lifesciences’ insatiable appetite for growth is driving up its debt
After Biocon Biologics' formulation deal, net debt at the company is estimated to rise from Rs 886 crore to Rs 2,400 crore
JM Financial Private Equity invests Rs 45 cr in Energy Beverages
This is the fifth investment from the Fund III, and is in line with its stated strategy of investing in growth-oriented companies in the mid-market space, JM Financial Private Equity said in a statement.
Pharma stock valuations out of sync with normalising market growth
While shares of India-focused drug companies re-rated, growth in domestic pharma market is returning to pre COVID levels
The dangerous illusion that we are all overworked
The best economic data show that, on average, people are working fewer hours than ever. Working hours have declined the most in countries with higher GDPs because it takes fewer hours of work to earn a comfortable living. Most people have about 40 hours of free time a week. All those streaming platforms are doing a roaring trade for a reason. But it mustn't be forgotten that it is hard work that helps economies, companies and individuals pull away from the competition
Piaggio India shifts focus to Aprilia, considers phasing out Vespa scooters by 2030: Sources
India has set an electric vehicle sales target of 30% by 2030. Still, the country will be home to an overwhelmingly large number of traditional ICE-powered vehicles.
Fedbank Financial – Why the time has come to look at this stock
Valuation turning attractive for a decent RoA
