Indian companies Nicholas Piramal, Cadila, Shasun, Dishman, Jubilant, Matrix, Strides, Ipca and Divi's are into contract manufacturing business. In the future, Indian players would move up the value-chain in the contract business, KPMG said.
Despite a massive underperformance at the bourses since the last six months, analysts are turning optimistic on Reliance Industries (RIL). Those at Jefferies, for instance, say that the company is a proxy play for India's consumption growth story. The key catalysts for the stock, according to a Jeffries note, include faster-than-expected market share gain in retail, oil-to-chemicals (O2C) stake sale, recovery in gross refining margins (GRM), potential public listing of Jio and even a possible banking licence going ahead. That apart, analysts feel any tariff hike in Reliance Jio (RJio) - its telecom venture - will also aid performance. With balance sheet adequately de-levered, proceeds from a strategic stake sale in the O2C business will create a sizeable war chest for the company, analysts say.
Gautam Adani, who is diversifying into many businesses, saw a 48 per cent rise in his wealth to Rs 1.40 lakh crore and moved up two places in rankings to being the fourth richest Indian. Hinduja Brothers and HCL's Shiv Nadar were ranked 2nd and 3rd. Wipro's Azim Premji slipped two places to fifth place.
The Indian PC market grew by an impressive 32 per cent in the first half of fiscal 2004-05 as compared to 18 per cent during the corresponding period last year with HP topping the list with 15 per cent market share, according to IT research firm IDC
The revenue from cellular services in India is projected to exceed $37 billion growing by 18 per cent annually till 2012, IT research and advisory firm Gartner Inc says.
Reliance Industries Ltd's focus on the next hypergrowth opportunities in clean tech and its path to decarbonisation has the potential to spur re-rating, raises clarity on investment cycles and reduces investor worry, brokerages said. RIL chairman Mukesh Ambani at the company's 'Green AGM' on Thursday committed Rs 75,000 crore over the next three years to set up an integrated Green Energy Giga Complex across 5,000 acres in Jamnagar, Gujarat which will contain four giga factories. The complex, which would be one of the world's largest renewable manufacturing facilities, would have an integrated solar photovoltaic module factory, an energy storage battery factory, electrolyser manufacturing for hydrogen production, and manufacturing of fuel cells so that hydrogen can be used in transportation.
However, it could take 3 years before operators are out of the red, given the large investments and tariff wars.
After gradually losing its share to exports in the last decade, the dome{tic IT market has rebounded with a 24 per cent growth in the last fiscal as against 17 per cent in software exports, according to Dataquest Top 20 survey.
Zomato has the potential to be an equally important milestone for Indian equity markets, notes Akash Prakash.
BMW is all set to challenge Merc's No.1 position in India's premium car segment.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
During the third quarter of 2007, the overall Indian personal computer (notebooks and desktop combined) market grew 25.1 per cent year-on-year, in terms of unit shipments, to 1.8 million. For the same period last year, desktop PC shipments showed growth of 10.9 per cent.
Consumer electronics major Philips India Limited has embarked upon a paradigm shift in its marketing strategy to arrest falling market share of colour televisions by tapping the rural and semi-urban areas.
Categories such as lifestyle, food and electronics accounted for over 1,350 sellers across the country last year.
Mahindra & Mahindra Ltd, India's largest sports utility vehicle and tractor maker, is bullish on its latest acquisition of REVA Electric Car Company.
Indian animation industry has a potential to touch earn a revenue of over $1.5 billion by 2005 compared to the current $1 billion
'Unlike Big Bazaar, where the promoter calls the shot, in ABRL, professionals take decisions. So, every new CEO leads to a change in strategy, which confuses vendors and the team.'
If I could be born again, and I had a head for big numbers, I'd like to be an investment banker in New York. Look at what I would do for a living, says T N Ninan.
Miscreants had also set fire to a police outpost.
This week's collection of unbelievably unusual images from across the world
The Indian market is driven by prepaid connections, which accounted for over 84 per cent in 2006. It is expected to reach 93 per cent by 2011.
Cellular services segment in India, the world's fastest growing wireless market, is expected to more than double to $25 billion by 2011, global consultancy and research firm Gartner has said.
Life Insurance Corporation of India and General Insurance Corporation of India are planning to take exposure in Maruti Udyog from the secondary market once the shares in the automaker drop below Rs 115.
An emergency arbitration hearing between Amazon and retail conglomerate Future Group took place last week and a verdict is expected in the next few days, according to sources.
Mahindra & Mahindra said on Thursday it was in talks to assemble and sell sport utility vehicles in China, in what would be the first foray by an Indian automaker into the fast-growing Chinese market.
The IT-BPO industry in India has achieved impressive growth rates over the past decade and stood at $71.6 billion in 2009, said the report prepared by KPMG and Asian-Oceanian Computing Industry Organisation.
The company is also aiming to increase its market share in the 150cc motorcycle segment to 25 per cent by the end of this year from 15 per cent at present.
Global retail giant Walmart has got fair trade regulator CCI's green signal for purchase of Bharti group's almost 50 per cent stake in their Indian joint venture for wholesale stores business.
A total of 25 companies raised Rs 28,220 crore during the financial year.
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