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).
Buying stocks during a dip, says Amar Nandu, research analyst, Samco Securities, can lead to higher compounding returns when the uptrend begins.
Sweden has conferred the Royal Order of the Pole Star on Ravi Uppal, vice-chairman and managing director of ABB India, in recognition of his contribution to promoting Indo-Swedish relations over many years.
As order books gain from India's increased capital outlay, some large capital goods and engineering companies are together spending over Rs 11,500 crore in creating new facilities, data shows. Nine engineering and capital goods companies, where data was available, including Siemens, Larsen & Tourbo (L&T) and KEC International, have a combined capital expenditure (capex) of about Rs 11,500 crore or more. Others such as ABB India and Thermax Global are also adding capacities.
Amit A Shah holds a stake in 180 listed entities, according to data disclosed in his election affidavit.
'Our factories are world-class and are becoming increasingly attractive for our global business leaders to use to serve other markets.'
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.
Engineering firm ABB India on Tuesday announced it has secured a Rs 289 crore (Rs 2.89 bn) order from Delhi Metro Rail Corporation for supply of electrification package for the second phase of the metro rail project.
Power equipment major ABB India on Monday also said it would invest $100 million (Rs 450 crore) over three years in expanding its manufacturing base in the country.
Sectoral index up 10% in past month, as market takes hope from higher order book, revenue and operating margins in September quarter.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The BSE Midcap index has declined 5.7% thus far in May 2018. In comparison, the S&P BSE Small-cap index has lost 5.6%
The reason for digital and IT interventions increasingly being adopted is not just the change in ways commuters move but also the mode on which this transport moves, says Jyoti Mukul.
Capital goods stocks rallied nearly 16 per cent since January on purchases by foreign institutional investors and in anticipation of a change of government at the Centre.
At present, less than one per cent of manufacturing GDP comes from automation in India.
While consumers will be paying a higher upfront cost for smart metering, the share in the efficiency gains could more than offset this higher spend
Infrastructure stocks are once again gaining traction.
With the government's focus on environment-friendly fuel, Indraprastha Gas, Mahanagar Gas and Suzlon's earning prospects look bright
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
The paper will invite comments on whether or not the royalty ceiling applicable till 2009 should be re-imposed.
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
'If we chose to do the right things, it is possible to avoid job losses at a mass scale,' ABB MD Sanjeev Sharma tells Raghu Krishnan.
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