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.
The JV, Voltbek Home Appliances, aims to take on LG, Samsung as well as home-grown players such as Godrej among others head on with a slew of products that hopes to combine the best of both worlds -- European technology and design, with Indian pricing and delivery.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Mukesh Ambani's Reliance group has struck acquisition deals worth $4.2 billion with a dozen companies in just two years to expand its retail business. The latest purchase was of a majority stake in Justdial for Rs 3,497 crore. Elaborating on his acquisition strategy a few weeks ago during the AGM, Ambani stated that one of the key planks would be to acquire businesses that enhanced Reliance's offerings and experiences to customers and that they would be both physical and digital.
Opt for an affordable house on a metro's periphery, invest and wait it out.
When, recently, Bharti Airtel announced a Rs 21,000 crore rights issue, analysts pointed out that its structure was similar to that of Reliance's issue in June 2020. One similarity is that shareholders in both companies have to pay only 25 per cent of the money on application. The rest is to be paid in two tranches. In Bharti Airtel's case, it is within 36 months; in Reliance Jio's, it is within 17 months.
The county's largest IT company TCS on Friday reported a 7.2 per cent jump in December quarter net to Rs 8,701 crore on a consolidated basis, and seemed to suggest the worst is behind by projecting double-digit revenue growth for FY22. The company, a cash cow for Tata Sons, saw a 5.4 per cent growth in revenue at Rs 42,015 crore for the quarter. Operating profit margin came in at 26.6 per cent despite implementing wage hikes, after consistently missing the 26-28 per cent aspirational band for many quarters.
Just before the 2008 financial crisis made headlines, Indian companies were on a global buying spree. In the fifth part of the series, Dev Chatterjee and Krishna Kant discuss how the crisis came as a black swan event for some, changing the mood from exuberance to despair.
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.
TCS, Infosys ramp up onshore hiring; Infosys committed to hire 25,000 over 5 years.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
N Chandrasekaran received Rs 2.62 crore (Rs 26.2 million) as perks.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Russia's war on Ukraine has sent steel prices soaring to its highest levels in the domestic market since November 2021. But there is little cheer in the industry. That's because input costs are spiralling out of control, leaving the big boys nearly as high and dry as the small, medium and secondary steel producers. Russia and Ukraine are major providers of steel and raw materials to the world.
Headed by Central Bureau of Investigation Deputy Inspector General Abhay Kumar, the team comprising a number of armed commandoes reached the residence on Sahu Road in Muzaffarpur, where the shelter home and the office of the Hindi daily 'Pratah Kamal' owned by Thakur, the main accused in the sex scandal, are also situated.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'We need to confront such people else they will be encouraged to harass more women in the future,' notes HR guru Mayank Rautela.
'The biggest advantage a company has in today's day and age is its reputation.' 'When something of this nature takes place, their reputation takes a beating.'
The decision to auction Taj Mansigh brings to an end a six-year-old tussle between the NDMC and Tata Group, which has operated the landmark property for nearly four decades.
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.
HR Guru Mayank Rautela offers practical advice.
>Gadgets that make kitchen work easier and faster have gained momentum in the lockdown.
HR Guru Mayank Rautela offers practical advice.
Apart from such advisory, IT biggies such as TCS, Infosys and HCL Tech among others have been pursuing 'remote working' model to overcome the situation.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Promoter holding in family-owned firms up 70 bps since 2005, 240 bps since 2010.
Corporates understand that the PMO drives all key decisions in this government.
The government is likely to refer the controversial issue of Blackberry mobile phones to the Telecom Commission to decide whether operators can continue offering this service. The issue of Blackberry was raised after Tata Teleservices recently said they have been denied the permission to offer this value added service by the Ministry of Home Affairs due to security concerns. Telecom operators like Bharti Airtel, Vodafone & Reliance are offering Blackberry services to users.
According to research by IHS Markit, for an ecosystem still grappling with infrastructure issues -- the high cost of EVs and a greater OEM (original equipment manufacturer) focus on electrifying two-wheelers and commercial vehicles first -- the share of such vehicles is expected to be 4 per cent by 2030, reports Pavan Lall.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Did top Indian business groups miss the e-commerce opportunity by focusing on replicating the Walmart model instead of following the Amazon model of online shopping?
HR Guru Mayank Rautela offers practical advice.
Mayank Rautela distils his 20-odd years of experience in human resources management to tell you how you can ace in your career.
The man who led this journey is 50-year-old Kalanithi Maran, chairman and managing director of the Sun Group.
'The news about the new virus strain in the UK provided them with an opportunity to take money off the table.'
The total market valuation of all BSE-listed firms on Thursday regained the Rs 100-trillion mark as the benchmark Sensex climbed over 600 points after the RBI surprisingly cut interest rate by 25 basis points.
Despite the absence of any notable price growth, transaction volumes are picking up in major Indian cities. The surge in sentiments is also backed by a significant rise in transparency in the industry.
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