Dixon Technologies signed a binding term sheet for a 50:50 joint venture with Signify Innovations to form Lightanium Technologies, which will conduct the lighting and accessories business.
The consumer durables player is eyeing a Rs 1,500-crore QIP for Amber Enterprises and is looking to raise another Rs 1,200-1,500 crore through ILJIN Electronics’ IPO
IT and Railways segment saw the sharpest growth in revenue, at 23% and 37% on QoQ and YoY basis respectively during the December quarter. Compared to a year ago, automotive and industrials too showed strong growth of 38% and 37% respectively.
Fund manager Samir Arora believes the next year need not be a bearish year for equities, and worrying about an impending crash may not be obvious or needed. The stock market rally in US as well as India has not been 'wildly out of line', he added.
Dixon Tech also hinted at another large mobile phone brand is coming on board in a couple of quarters, and said production for a leading android phone brand is set to begin from next month.
So far this year, the stock of Kaynes Technology skyrocketed 293 percent, as against 7 percent rise in the S&P BSE Sensex
The Ministry of Electronics and IT (MeitY) is said to have recommended to call off plans to impose licensing requirements for the import of IT hardware products, such as laptops, tablets and servers, even in the longer term
Tridib Pathak of Avendus PMS says India has demonstrated remarkable economic stability, particularly in the last two-and-a-half years, making it a more attractive investment destination.
According to Nuvama Institutional Equities, about 60 percent of Avalon's revenue comes from the US, and a substantial number of its clients hail from the clean energy sector.
Thanks to the huge need for electronics in industries like electrical vehicles, infrastructure, industrials, automotive, and consumer goods, India's EMS market is estimated to grow almost six-fold in five years — from $14 billion in FY21 to $81 billion in FY26