Even as worries of high valuation and rising interest rates in the US give pause to some investors, Axis Securities has reiterated its positive outlook on Indian equity markets in its latest report for September 2023. The broking arm of Axis Bank highlights that the structural trend for the market remains positive, however, it expects […]
A complete ban on sugar exports next year, as suggested by many news reports, is unlikely, said broker Systematix Institutional Equities in an update on Friday. It was commenting on media reports that the government may impose a ban on sugar exports in the year starting October 2023 to ensure that sugar prices remain sweet […]
An analysis of the futures & options trends indicate that NSE Nifty 50 index is expected to face resistance at around 18,000-18,200 points this week, and will find support between 17500-17300. With uncertainties around Fed, Budget and global economy persisting, traders appear wary of taking large bets. This implies rangebound action will likely continue into […]
While 2023 has been a wild ride for stock investors in India so far, market volatility doesn’t mean that there aren’t enough front-line stocks with interesting tales of their own this year. There are several stocks that could outperform on the back of strong fundamentals and growth drivers, from sectors ranging from lending, IT services, […]
Auto sales in the final three months of 2021 will be remembered for the solid out-performance of Tata Motors during the period, boosted by one key model — the affordable, mini SUV Punch. The strong numbers racked up by the entry-level UV have helped Tata Motors overtake Mahindra & Mahindra in the compact utility vehicle […]
Someone like me would make an ideal bitcoin enthusiast – libertarian by political persuasion, open source enthusiast, early adopter of all kinds of technologies, hater of big government and possessor of what my wife calls a ‘mildly paranoid personality’. Yet, try as I might, I just can’t see bitcoin as anything other than the most […]
The Kerala circle has become the first in India to support BSNL’s commercial IPTV services, and both direct and indirect customers of BSNL can avail of the service. IPTV refers to the distribution of television content via IP or internet protocol, instead of traditional broadcasting protocols like DVB. BSNL had been testing IPTV for several […]
Padmaja Venugopal, daughter of legendary Congress leader K Karunakaran who was the chief minister of Kerala for several years is no new name in Kerala politics. She has been very active in KPCC over the past few decades and is known for taking strong stands on issues within and outside the party. In the recently […]
RailWire, the consumer broadband arm of connectivity provider RailTel, said it plans to invest Rs 125 cr in coming months to increase its subscriber numbers by 20 times in the next two years. The company has already seen an increase of around 2.5 to 3 times in its customers over the last two years, almost […]
Hinduja Global Solutions, one of India’s largest BPO providers with nearly 47,000 employees, said it was quite happy with how things are going under the ‘work from home’ mode, and has no immediate plans to shift employees back to the office. The comments come even as IT firms like TCS have asked employees to be […]
Havells India, one of the country’s largest electrical equipment makers, said it expects organized players such as itself to benefit as raw material price increases put pressure on unorganized players. The company, a prominent player in the switchgear, wire and lighting segments in India, also said that demand for electrical goods in India is on […]
Saregama, India’s largest record label and an emerging force in the digital video space, looks all set to breach its pre-COVID revenue and profit numbers in the current financial year due to rising demand for streaming music. The company’s operating revenue had set a record in the year 2018-19 at Rs 544.7 cr, but declined […]
Abandoning its long-held restraint when it comes to commenting on extremists originating from minority communities, the Kerala unit of CPIM has included warnings about ‘attempts to spread extremism’ among students belonging to Muslim and Christian communities in Kerala. The warning, contained in this year’s guidebook for student leaders, was in addition to the traditional instruction […]
The latest industry numbers for the broadband and broadcasting industries seem to confirm what many industry watchers have been warning for years — the rising penetration of affordable and high-speed wired internet will displace cable and DTH services in India. While this has always been seen as a theoretical possibility or hypothesis, new data from […]
NXTDigital, the television channel aggregator, said it has signed on three MSOs in the India for its infrastructure sharing scheme, and expects the government to start approving these deals as early as this month. “There are three partner clients,” said CEO Vynsley Fernandes, speaking to investors, promising to disclose the names once the ministry permissions […]
Bharti Airtel, formerly India’s biggest telecom operator, announced plans to take its fiber-based broadband services to nearly every town in India over the next three years, except for the smallest of the small. The company, which is currently launching its fiber services in more than 1 new town per day, said it plans to take […]
Mahindra & Mahindra’s efforts to spruce up its utility vehicle range and stick ‘closer to its DNA’ seems to be paying off, with the new Bolero Neo notching up a robust booking over 5,000 units within the first three weeks of its launch. The first model to be based on the new back-to-the-basics philosophy was […]
RailWire, the wired service from Indian Railways’ RailTel Corp, has announced a set of new plans offering more data for lower monthly subscription amounts. The move comes less than a month after BSNL introduced new plans in the low-tariff category. The highlight of the new RailWire plans is the new 50 Mbps, which is priced […]
Zensar Tech, a mid-size IT and outsourcing company based in India, reported a 3.1% dip in its revenue (after adjusting for currency fluctuations) as the number of onshore employees fell sharply year-on-year due to COVID-19. Constant currency calculations measure how the company’s revenue would have performed had there been no change in currency exchange rates […]
V Mart, which has just acquired Arvind Fashion’s UNLIMITED chain of stores, wants to retarget these stores at customers who find shopping at Reliance Trends, Westside and MAX too expensive
