ABB reported a weak quarter. Revenue was at Rs 2,910 crore, up only 5 per cent year-on-year (Y-o-Y), with operating profit at Rs 540 crore, up 23 per cent and net profit at Rs 440 crore.
ABB India's March quarter results (Q1CY24) were led by strong margin performance. Revenue was, however, largely in line with estimates at Rs 3,080 crore (up 28 per cent Y-o-Y and up 12 per cent Q-o-Q). The growth was across electrification (30 per cent Y-o-Y), process automation (73 per cent Y-o-Y) and robotics & motion (8 per cent Y-o-Y).
ABB, a leading power and automation technology group, announced on Wednesday its decision to establish a dedicated engineering and operations centre in India.
Post-election capital expenditure (capex) has been weak at 2 per cent year-on-year (Y-o-Y) in M9FY25. The FY25 revised estimates (RE) indicate 7 per cent growth in FY25 against FY24, implying 21 per cent Y-o-Y growth in Q4FY25 government capex.
Buying stocks during a dip, says Amar Nandu, research analyst, Samco Securities, can lead to higher compounding returns when the uptrend begins.
ABB, a global power and automation technology group, will offer shareholders of ABB Ltd, its listed subsidiary in India, Rs 900 per share to increase stake in the company to 75 per cent from the present 52.1 per cent.
Infosys Technologies has been ranked as the tenth best company in terms of leadership.
Existing optimism about the capital goods sector has been enhanced by the Assembly election results, which were favourable for the BJP. The prospects of political continuity led to renewed interest in the sector. There are demand-supply gaps, especially in power, and visibility of improved pricing and strong order flows, including from private enterprises.
Leading stock exchange NSE has tweaked the constituents of its major indices with Adani Group's two companies -- Adani Wilmar and Adani Power -- all set to make their way into some of the Nifty indices from March 31, 2023. Adani Wilmar will be part of Nifty Next 50 and Nifty 100 indices, while Adani Power will be included in Nifty 500, Nifty 200, Nifty Midcap 100, Nifty Midcap 150, Nifty LargeMidcap 250, and Nifty Midsmallcap 400 indices. All the changes in the indices will be effective from March 31 this year, the exchange said in a late night statement on Friday.
Ola's factory will create 10,000 jobs and serve as the company's global manufacturing hub for India and international markets.
India Inc could be embarking upon a new phase of capital expenditure (capex) cycle, observed analysts, and suggest its revival would lead to a rerating of industrial stocks. Assisted by a property upcycle, analysts at Jefferies said several government initiatives were likely to drive capex. Indicators, they said, include a private project announcement at Rs 25 trillion for 2022-23 (up 150 per cent from pre-pandemic levels) and credit growth at about 16 per cent, which is closer to pre-pandemic highs.
Maharashtra Chief Minister Eknath Shinde was in element at the Gateway of India.
Hyderabad will host India's first ever ePrix on February 11.
FIIs pump in Rs 2,075 crore in past three trading sessions.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
ABB's Uppal symbolises the rise of Indian manufacturing, management, IT and also authentic Indianness. That's saying a lot.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Infosys President B G Srinivas will join Hong Kong-based diversified group PCCW as Group Managing Director in July, after ending his 15-year old stint with India's second largest IT services firm.
Delaying action on climate change will hurt growth: Global CEOs.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The condition of over two dozen people who were admitted to the hospital in Kathmandu is said to be serious.
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Globally, the company intends to cut expenses by $7.8 billion by 2014.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
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