'We went from zero to about 10 million users in three months. Paytm came out with the wallet play and we came out with the UPI play.'
Experts say the impact is limited to investors and potential employees and may ease out in the next few months
'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'
The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year. However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers. By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit.
It is ranked 7th on the list of world's top-10 consumer finance firms
Tata Power Company said on Friday that it will be able to supply electricity to an additional 30,000 consumers in the city by March next year.
Tata was concerned that most innovations were happening outside India, some by Indians.
The Tata-Sar direct-to-home joint venture Space TV on Thursday announced the name of its DTH service as T-Sky while name of the JV is also proposed to be changed to Tata Sky Ltd.
Large Indian IT services companies are expected to report "muted" sequential show in a traditionally strong second quarter, as macroeconomic challenges continue to weigh on global discretionary spending, say market watchers. The big earnings week for tech heavyweights is up ahead, with Tata Consultancy Services (TCS) scheduled to announce its results on October 11, and both Infosys and HCL Technologies on October 12. Wipro is slated to declare its Q2FY24 results next week, on October 18.
The retail chain, which opened just 50 stores in the last four years, is launching three stores every month in the current financial year.
Equity benchmark indices Sensex and Nifty buckled under selling pressure after a nine-session rally on Monday, as massive sell-off in IT, tech and telecom counters unnerved investors.
'Younger people have a very strong sense of what is wrong, and what is right, along with the opportunity to call out this kind of behaviour through mechanisms like social media.'
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The nomination of cluster heads for defence, infrastructure and finance business is awaited.
BSE Auto was the top sectoral loser with a 4.6% fall followed by realty sector down 3.7% and consumer durables 3.6% post disappointing IIP numbers
This State-corporate 'cooperation' didn't begin with the arrival of the Modi government.
Many of the big licences, contracts, and even environmental clearances for the Adani group had come in the UPA's time, points out Shekhar Gupta.
At an aggregate level, the late ace investor's portfolio that was valued at Rs 32,445 crore as on March 31, 2023 is now worth Rs 35,979 crore.
Tata Motors' passenger vehicle sales stood at 229,325 units in the last financial year, registering a market share of just 8.9 per cent.
RCom and Aircel have permits for 3G services in 13 out of 22 service areas while Tata Teleservices has permit in 9 circles.
Nexon is the first sub-4 metre sports utility vehicle from Tata Motors' stable and is expected to give a tough competition to the likes of Maruti's Vitara Brezza and Ford's EcoSport.
Earlier this week, Tata Steel vice-president (safety and long products) Hridayeshwar Jha had said that there was scope for a 'correction in prices of the long steel products depending on market conditions and the monsoon season." Leading domestic steel producers, including SAIL, JSW Steel, have already announced a reduction in prices of the long steel products by up to Rs 2,000 per tonne effective August 1.
Dealers across brands are slashing prices by Rs 20,000 to over Rs 1 lakh, depending on the car model.
Among major Sensex shares, PowerGrid fell the most by 2.76 per cent. IndusInd Bank dropped 2.34 per cent, HUL by 2.23 per cent and NTPC by 2.04 per cent. ICICI Bank, HDFC Bank, HDFC, ITC, Infosys, L&T, Bajaj Finance, Kotak Bank, HCL Tech and Tech Mahindra were among the losers. On the other hand, Tata Motors rose the most by 2.94 per cent, followed by Titan which gained 1.26 per cent. Mahindra & Mahindra, SBI and TCS were also among gainers.
According to the revised policy, guests should not be permitted to drink alcohol unless served by the cabin crew and that the cabin crew be attentive to identifying guests that might be consuming their own alcohol.
Its wholesale numbers may be on the decline, but Tata's small car Nano is picking up in sales at retail level as dealers at different parts of the country cash in on the reduced down payment scheme introduced by the company ahead of the festival season.
'We aim at establishing India as an early talent hub on a global scale and are actively recruiting professionals in areas like cybersecurity, machine learning, data science, and other relevant fields.'
Brokerages expect Nifty50 companies to have cumulatively witnessed strong double-digit growth in their earnings in the first quarter of FY24 (Q1FY24). This growth in the combined earnings is expected to have been driven by banks, automakers, and oil & gas companies. Other sectors may report muted profit growth.
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Strategy might not help revive volume growth in passenger vehicle sales.
VCs have been especially bullish about India.
According to industry data, for two months, sale of the Zest (7,359 units) were higher than that of Amaze (6,792 units).
A lot if you think of it! For starters, image strategist Avneet Kohli lists out six life lessons.
The passengers were stopped by the crew members for consuming alcohol and they apologised in writing for the incident.
The improving outlook for the power sector has caught the interest of dividend yield funds. In the first four months of the current financial year (2023-24, or FY24), five of the six largest dividend yield funds have shown a notable increase in their exposure to stocks within the power sector. Some have even introduced new stocks to their portfolios.
Benchmark BSE Sensex gained 130 points on Friday after gains in index majors Reliance Industries, ICICI Bank and Tata Steel ahead of the release of inflation and factory output data. Recovering from its early losses, the 30-share BSE index ended 130.18 points or 0.22 per cent higher at 59,462.78 in a range-bound trade. The broader NSE Nifty advanced 39.15 points or 0.22 per cent to close at 17,698.15.
'Should the government be in the business of running banks?' 'Particularly when it does not have the fiscal strength to continuously infuse capital into such banks?'
Tata Motors, Hero MotoCorp, Ashok Leyland, M&M are up 3-6% on BSE.
Even as the slowdown in the information technology (IT) services sector deepens, banking, financial services and insurance (BFSI), as well as oil and gas companies, emerge as the primary drivers of corporate earnings in the country. The IT services sector's share in corporate earnings declined to a five-year low of 17.4 per cent in the second quarter (Q2) of 2023-24 (FY24), whereas banks and finance companies accounted for 46.5 per cent, and oil and gas firms contributed 16.8 per cent. At their peak, IT services firms like Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro represented just over a third of the combined net profit of all listed companies in the Business Standard sample.
The reasons why American journalism is against the Tata Nano are obvious. The Nano was 'not invented here (in the United States).'
More private vehicles, according to R K Pachauri, is not the right way forward. On the contrary, it would take the world farther from solutions to climate change. Tata Motors' rivals, most recently Suzuki Motor Corp chairman O Suzuki, have often wondered aloud how the Rs 1 lakh car would fare on the parameters of safety and environment suitability.
Domestic passenger vehicles sales rose by 23 per cent to a record of 37.93 lakh units in 2022 led by the likes of Maruti Suzuki, Hyundai and Tata Motors as the companies rode on easing of pandemic related challenges and semiconductor shortages to cash in on pent up demand, specially for SUVs. Other manufacturers like Toyota Kirloskar Motor and Skoda India also reported record sales in 2022. "The industry wholesales in January to December 2022 were just short of 38 lakh units.
