The most important positive of India's stealth bull market is earnings growth across different sectors, explains Debashis Basu.
Automakers Maruti Suzuki, Tata Motors, Mahindra & Mahindra and Kia reported robust growth in their vehicle dispatches in the domestic market for August buoyed by festive demand and easing of semiconductor shortage woes. Other manufacturers like Hyundai, Toyota and Skoda also reported growth in wholesales in August as compared with the same month last year. The country's largest automaker Maruti Suzuki India said its domestic passenger vehicle dispatches increased by 30 per cent to 134,166 units in August as compared with 103,187 units in the year-ago month.
EV players suggest a reduction in the goods and services tax on batteries from 18 to 5 per cent as it would help push demand.
Twenty years ago, a branded 1.5-tonne window air-conditioner cost about Rs 30,000; today, you can get a split AC unit for that price. Why has that not happened with vegetables?
Tamil Nadu secured investments worth Rs 1.44 trillion on Monday by signing of memoranda of understanding (MoU) with 60 companies, laying of foundation stones and inauguration of new projects.
Ola Electric's technology team is working hard to iron out the technical kinks that marred the electric vehicle company's hyped online sale of its electric scooters (e-scooters) - the S1 and the S1 Pro - on Wednesday, said company sources. The SoftBank-backed firm is facing technical difficulties in making the website live for the purchase of its e-scooters. According to company sources, the website couldn't go live as there were integration issues.
On paper, the Thomson Oath Pro 55 smart TV seems to offer good value for money. But does it?
A clutch of automakers including Maruti Suzuki, Hero MotoCorp, Mercedes Benz India, Eicher Motors, TVS Motor, and Isuzu Motors India announced they had got the clearance from the governments of the states they operate in to resume operations.
LCD screens were expected to slowly fade and die, giving way to lighter, thinner and tougher organic light-emitting diode (OLED) panels in everything from smartphones to televisions. But LCD is refusing to go quietly as its picture quality keeps getting better.
The DMK had incorported this in the 2006-07 budget.
Recently, Apple did two things differently. First, it entered video streaming sector with cheaper options and second it has opened up its OTT service for non-Apple users too.
'What a heart, what a mindset, what guts, what everything, what a REFERENCE you are! I'm at your feet!'
Electric scooter registrations of eight companies which represent 95 per cent of the market have seen a sharp fall of over 24 per cent in May. They have registered 32,680 electric scooters against 43,098 in April according to VAHAN data from the Ministry of Road Transport and Highways available till the evening of 31 May. Auto analysts say the fall is a reflection of the initial pent up demand in the market for such vehicles,which was evinced in huge bookings, being met.
India's equity markets are on a roller-coaster ride, after delivering spectacular returns for two consecutive years - in 2020 and 2021. The benchmark National Stock Exchange's (NSE's) Nifty50 is down 1.5 per cent in the first nine months of the current calendar year 2022 (CY22) as foreign portfolio investors sold Indian stocks due to rising bond yields in the US and across global markets, including India. The sell-off in the Indian equity markets has, however, not been broad-based and largely limited to sectors facing earnings headwinds from rising interest rates, lower commodity and energy prices, and likely economic recession in advanced economies.
The industry is expecting double-digit growth on a year-on-year basis, helped by a possible price correction after softening of raw material inputs and factors such as positive sentiments, pent up demand and improving economic conditions. Besides, a shift in consumer behaviour from price consciousness towards technologically advanced premium products with quality, value proposition and safety aspects leading to a rise in demand for home automation products is making the industry upbeat. With the government's production linked incentive (PLI) scheme for white goods, which has witnessed a committed investment of Rs 4,614 crore, in place, many manufacturers are gearing up to make the most out of the opportunity as well as take steps towards reducing their dependency on imports and make products more affordable.
Supply chain constraints will keep plaguing automobile companies even though demand significantly improved resulting in a 13 per cent year-on-year (YoY) increase in sales in financial year 2021-22 (FY22). Executives at auto firms fear that the Russia-Ukraine war will further dent the sector's prospects of recovery as supply chains face more disruptions. "The visibility in the supply side is so hazy that it is difficult to give even one quarter projection. But all the parameters of demand like pending bookings and enquiries are increasing.
Check out some of the stocks that will react on the basis of their numbers in the near term.
Apart from bringing new suppliers on board, Xiaomi is also hoping to take advantage of the newly launched PLI scheme that offers incentives on incremental production of smartphones with 2020 as the base year.
The element of competitiveness will not be lost even if action unfolds before empty stadiums, says world's premier all-rounder Ben Stokes who wouldn't mind international cricket becoming a TV only sport till coronavirus pandemic is under control. Stokes' opinion was sought whether the upcoming England vs West Indies series at home in empty stadiums will lose its sheen as the England and Wales Cricket Board is contemplating cricket without spectators for some time.
The new TVS Apache RTR 200 is faster than its smaller siblings and more comfortable too. The bike is a well-engineered complete package and is offered with an attractive price, says Indian automobile website MotorBeam.
The Jayalalithaa government in Tamil Nadu on Friday scrapped another pet scheme of the Karunanidhi regime by ending free colour TV distribution on which over Rs 3,600 crore was spent in the past five years.
The probe agency is learnt to have taken possession of multiple physical and digital records during a search operation conducted on the premises of the South Korean firm in Delhi and Mumbai this week.
Citizens who come to the civic-run vaccination centres to get their jabs from November 12 to 24 will get a chance to win these prizes, according to a release issued by the municipal corporation on Wednesday evening.
Ford, which had announced to quit the Indian market last year, said it was exploring the possibility of using one of its plants in India to produce electric cars for exports.
The poll panel also referred to the reported strong oral observations of the top court against it during the last hearing on the PIL on the issue, saying they have "caused irreparable damage to the reputation of this institution built over the years".
The electric scooter juggernaut which has been picking up momentum with heady growth month-on-month is now slowing down. The combined number of registrations in April of eight electric two wheeler companies has seen a dip of over 1 per cent to 43,061 vehicles, according to data from the Ministry of Road Transport & Highways' site VAHAN. The reasons are the continuing shortage of chips, especially after the Ukraine-Russia war, and the spate of fires which have led to scooters being recalled by manufacturers.
Upon completion, the factory will create almost 10,000 jobs and will initially have an annual capacity of 2 million units.
Tenders will be issued for procurement in August and contracts will be finalised towards the end of September.
What has hit sentiment further is a draft proposal by the government to increase vehicle insurance premiums for financial year 2022-23 (FY23). Third-party motor insurance premiums have not been increased over the last two years and if this is approved, insurance costs for specific segments could rise by a fifth. The worst impacted is the 350cc and above two-wheeler segment, where premiums are up 21 per cent. Royal Enfield (Eicher Motor) is the market leader in the segment. The premiums in the 150-350cc two-wheeler category are also being inc
Becoming India's largest contract manufacturer of colour TVs isn't enough for Dixon Technologies. It now wants to revive the Weston brand.
'One out of three phones sold in India is a Xiaomi phone.'
Researchers at Australia''s Commonwealth Scientific and Industrial Research Organisation, Melbourne University and Italy''s University of Padua were using laser technology to make products -- including televisions, iPads, mobile phones and Kindles -- more flexible, thinner and cheaper.
After 2014, our growth has been average of around 5%. If this continues, we will remain here like Egypt, Brazil, South Africa and Bangladesh, points out Aakar Patel.
The channels have not registered themselves with the authorities.
The beautifully designed Lloyd ULED TV stands up to tech giants
Rajesh Karkera and Hitesh Harisinghani spotted these beauties at the Auto Expo 2018
In August, the central bank had announced that it will set up the Reserve Bank Innovation Hub (RBIH) to promote innovation across the financial sector by leveraging on technology and creating an environment that would facilitate and foster innovation.
'Investors are coming in because they can't afford to miss India.'
Ashish Narsale explains how some companies are promoting LED backlight TVs as LED TVs.
An analysis of past 20 years' demand cycles done by Edelweiss Securities indicates that the auto sector is currently in the middle of a down cycle. Volume recovery, they say, is unlikely to be as sharp as in the past, unless there is strong fiscal support.
