Today, Vachani's public-listed company, Dixon Technologies, has gone beyond manufacturing just television sets. Armed with private equity funding from Motilal Oswal eight years ago, it has transformed itself into a Rs 4,400 crore electronic manufacturing services major, which now straddles lighting products, home appliances, feature phones, LED bulbs, amongst others. A two-part series looks at how two home-grown manufacturers are leveraging the govt's production-linked incentive scheme.
A day after the Reserve Bank of India (RBI) lifted its ban on HDFC Bank on issuing new credit cards, the country's largest private sector lender on Wednesday said it had resources and plans in place to "further reinforce pole position in the credit card segment" and that it would "come back with a bang". "We will aggressively go to the market, with not just our existing suite of credit cards but also new offerings in the form of co-brands and partnerships," Sashidhar Jagdishan, managing director and chief executive officer of HDFC Bank, said in a letter to his employees. The bank's management had earlier indicated that the lender had been sourcing liability customers aggressively over the past few months.
Its production declined for the third consecutive year in financial year 2020-21 (FY21) to an 11-year low, while sales volume contracted for the second year to the lowest since FY15. The company manufactured around 1.08 million vehicles last fiscal, a decline from 1.17 million the previous year, and a steeper fall from its all-time high tally of 1.62 million reported in FY18.
You may have to bend some rules, extend favours and help each other beyond what is expected of your profile.
Indian equity markets are likely to witness volatility this week due to concerns over rising cases of coronavirus and expiry of derivatives contracts, analysts said. Further, progress surrounding the COVID-19 vaccine, related updates, US stimulus talks and global cues would dictate the market trend, traders said. "Going ahead, the market is likely to be volatile as sentiments oscillate between fear of rising COVID cases globally and optimism over vaccine progress. Investors would closely watch out development over the US stimulus talks," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Companies in the small-cap universe are having a dream run - the Nifty Smallcap 100 index has shot up more than 25 per cent on a year-to-date basis, even as the benchmark Nifty is up 7 per cent. This is the best start for the index since 2017 when the Nifty Smallcap 100 index surged 32.3 per cent between January 1 and May 10. However, in terms of outperformance to the Nifty, this year's performance is the best in more than a decade. A combination of sectoral tailwinds and lack of institutional selling pressure has helped small companies escape from the correction triggered by the second wave of Covid-19.
RBI policy, macro data, company earnings to decide market course this week: Experts
Investor wealth zoomed over Rs 10.48 lakh crore in two days as the Budget-driven market euphoria continued to charge bulls on Tuesday.
'Spends are likely to increase from the current levels because recovery is yet to fully be over.'
The Congress, which is in the Opposition at the national level, has turned 'feeble and disintegrated', Shiv Sena mouthpiece Saamana said on Saturday, and suggested that all anti-Bharatiya Janata Party parties, including the Sena, should come together under the UPA banner to provide a formidable alternative.
With slippages increasing every quarter, any derailment on growth or change in customers' repayment behaviour after moratorium may impact the overall asset quality. Correction, though, presents attractive buying opportunities, given the bank's sustained leadership position.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Of the 854 stocks that quoted less than Rs 20 on March 23, 2020 - when the Sensex hit more than a three-year low - 482 have doubled.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The 3, Motilal Nehru Place type VIII bungalow, spread over 2.5 acres, was vacated by former Delhi Chief Minister Sheila Dikshit recently.
According to telcos and analysts, this is due to SIM consolidation happening after the minimum recharge plans were implemented by incumbents.
Small stocks made a dashing comeback in 2020 after delivering negative returns in the last two years as increased retail investor participation in pandemic times saw small-cap index surging up to 31 per cent and outperforming the bigger benchmark gauge. This year turned out to be eventful for the equity market, witnessing bearish and bullish sentiments at different points of time. While the initial part of COVID-ravaged 2020 saw the bears in full force amid concerns related to the pandemic and lockdowns hurting economic activities, bulls made a comeback towards the latter half of the year. As the market swayed with many lows as well as highs, small and mid-cap indices emerged as markets favourites in 2020.
Having sex every other day may be optimum, says Dr Raghuveer Karne. Prolonged abstinence can increase the number of dead sperm.
Singh and his wife have been accorded the cover with a strength of about 45 armed commandos who will guard them round-the-clock at their residence on 3, Motilal Nehru Road and during their movement across the country.
In spite of a severe second wave of the coronavirus pandemic, and a widespread disruption in public life therefore, India's fast-moving consumer goods (FMGC) sector seems to have emerged as one of the most resilient segments of the economy. The early numbers and estimates for the April-June quarter indicate a steady recovery in FMCG players' business, which is now set to exceed the pre-pandemic level. Amid nationwide lockdowns because of the first Covid wave, FMCG revenues had been severely affected in mid-2020.
Watching TV for 5 or more hours daily cuts sperm count by 35 per cent.
Through the IPO, Burger King has raised Rs 450 crore, which will be used to rollout new outlets and retire debt.
While the market may remain volatile this year, analysts expect equities to deliver positive returns by outperforming inflation and government bonds, supported by the fiscal stimulus in the US.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
At over 6 per cent, most states in October had inflation rates above the Reserve Bank of India's target band of 2-6 per cent.
The 70 launches were made in the first half of the financial year alone and were mostly focused on hygiene, health & wellness, naturals and convenience, which were in high demand as Covid -19 raged across the world.
The former Big Boss contestant posted objectionable content on her social media pages on September 6 and 21 against Motilal Nehru, Jawaharlal Nehru, Indira Gandhi and other members of the Nehru-Gandhi family, following which Rajasthan Youth Congress General Secretary Charmesh Sharma filed a complaint.
Congress sources also said speculation that Motilal Vora would be appointed as interim party president are incorrect.
Among the key concerns of the Street is market share losses in growth segments, led by higher competitive pressures.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
TCS tops the list of 100 wealth creators for the fourth time in a row
When Manmohan Singh takes up residence at his new Motilal Nehru Place address on Monday, he will be greeted by hundreds of bats and several other species of birds and mammals who are old inhabitants of the property.
Interview with CMD, Motilal Oswal Financial Services
Asked about the organisational changes made by Gandhi and the subsequent reported statements by some leaders who had written to her over party reforms, Congress' chief spokesperson Randeep Surjewala said he had not seen a single statement by any Congress leader on the issue and cannot comment on that.
Completed projects saw an improvement of 29.2 per cent over the June quarter, which is valued at Rs 0.31 trillion.
Despite price correction, policies that support the yellow metal will remain in place in the foreseeable future.
Outflows are likely to continue, experts say, till such time as the markets see a significant correction.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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