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Company Update : Bikaji Foods International Limited By Arete Securities Ltd Bikaji Foods International Limited is one of India's largest fast-moving consumer goods ("FMCG") brands. The company's product range includes six principal categories with 300+ products: bhujia, namkeen, packaged sweets, papad, western snacks as well as other snacks which primarily include gift packs (assortment), frozen food, mathri range, and cookies. Key Highlights • Largest ethnic snacks company in India. Strong leadership in core states delivering 14.7% in co...
Company Update : Bikaji Foods International Limited By Arete Securities Ltd
Company Update : Bikaji Foods International Limited By Arete Securities Ltd
Source: ARETE Securities
7/09/2023 4:40:00 PM
Company Update : Apollo Tyres Ltd by Yes Securities Aiming to elevate return profile over mid-term Valuation and View APTY in its analyst meet reiterated vision FY26 to achieve revenues of ~USD5b (v/s Rs3.1b in FY23), EBITDA margins of >15% (v/s ~13.5% in FY23), RoCE of 12-15% (v/s 10.1% in FY23). The management continues to hint towards moderate capex (~Rs11b of which Rs6.5b in India in FY24E). By FY26, APTY aims ROCE in the range of 12-15%. Net debt to EBITDA is expected to remain below 2x (1.4x in FY23). APTY is well placed with a ...
Company Update : Apollo Tyres Ltd by Yes Securities
Company Update : Apollo Tyres Ltd by Yes Securities
Source: Yes Securities Ltd
3/07/2023 2:31:10 PM
Company Update: Suzlon Energy Ltd By Emkay Global Financial Services Ltd Suzlon has become the first Indian wind energy company to reach 20GW of worldwide wind energy installation and has a 33% cumulative wind energy market share in India. The improvement in balance sheet is on the back of the company’s Operation and Maintenance Service (OMS) and Wind Turbine Generator (WTG) arms, along with industry tailwinds, restructuring, refinancing and a successful rights issue. The OMS unit caters to cumulative capacity of ~16GW (~14 GW under SGSL in India) and contri...
Company Update: Suzlon Energy Ltd By Emkay Global Financial Services Ltd
Company Update: Suzlon Energy Ltd By Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
8/06/2023 3:25:26 PM
Customs duties of India are very often misconstrued to be high on most items: Piyush Goyal Commerce and Industry Minister Piyush Goyal has said that the Customs duties of India are ‘very’ often misconstrued to be high on most items, raw materials, intermediates but in reality, the duties are very low. He said that the duties on technological items that are helping the Indian economy grow are very low.  The minister said actual applied rates of tariffs are lower than the agreed bound rates at World Trade Organization (WTO ). He said that the trade and techno...
Customs duties of India are very often misconstrued to be high on most items: Piyush Goyal
Customs duties of India are very often misconstrued to be high on most items: Piyush Goyal
Source: Accord Fintech
18/05/2023 11:36:58 AM
CPI inflation falls to 18-month low of 4.7% in April on cooling food prices Retail inflation based on Consumer Price Index (CPI) fell to an 18-month low of 4.7 per cent in April mainly due to cooling food prices. It was for the second month in a row that CPI based inflation remained within the Reserve Bank of India’s (RBI’s) comfort zone of below 6 per cent. The CPI was 5.66 per cent in March 2023 and 7.79 per cent in April 2022. Retail inflation in April is the lowest since October 2021 when it was at 4.48 per cent. The RBI has been mandated by the gover...
CPI inflation falls to 18-month low of 4.7% in April on cooling food prices
CPI inflation falls to 18-month low of 4.7% in April on cooling food prices
Source: Accord Fintech
15/05/2023 9:47:01 AM
Daily Market Commentary : The outcome of the election will be announced on 13th May Says Mr. Siddhartha Khemka, Motilal Oswal Daily market commentary 09 May 2023 by Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Nifty opened positive but some profit booking at higher levels led to flat closing for the day at 18266 levels. Sectorially it was a mixed bag with buying seen in IT and Auto sectors. Global cues were mixed as investors keenly await US inflation data as this will set the tone for FOMC’s next meeting. Apart from global cues and Q4 earnings, the domestic mark...
Daily Market Commentary : The outcome of the election will be announced on 13th May Says Mr. Siddhartha Khemka, Motilal Oswal
Daily Market Commentary : The outcome of the election will be announced on 13th May Says Mr. Siddhartha Khemka, Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
9/05/2023 4:45:24 PM
Dedollarisation a gradual journey, likely to face geopolitical challenges: Expert The dedollarisation is a gradual journey and has to face various challenges, including geopolitical angle, said industry officials. The reported decision of India and Russia to suspend talks to settle bilateral trade in rupees is a big setback for the exporters, said an exporter. Simply put, dedollarisation means lesser reliance on the US dollar as a medium of exchange in international trade. "Lot of geopolitical angles would come into play in respect of dedollarisation. It depe...
Dedollarisation a gradual journey, likely to face geopolitical challenges: Expert
Dedollarisation a gradual journey, likely to face geopolitical challenges: Expert
Source: IANS
9/05/2023 12:56:56 PM
India`s green financing requirement estimated to be at least 2.5% of GDP annually till 2030: RBI report A Reserve Bank of India (RBI) report has said the country’s green financing requirement is estimated to be at least 2.5 per cent of Gross Domestic Product (GDP) annually till 2030. The country aims to achieve net zero emissions target by 2070. The RBI’s report on Currency and Finance (RCF) for the year 2022-23 covers four major dimensions of climate change to assess future challenges to sustainable high growth in India. The areas are the unprecedented scale and pace of climate cha...
India`s green financing requirement estimated to be at least 2.5% of GDP annually till 2030: RBI report
India`s green financing requirement estimated to be at least 2.5% of GDP annually till 2030: RBI report
Source: Accord Fintech
4/05/2023 9:33:17 AM
Update On : India Life Insurance By Motilal Oswal Financial Services Individual WRP for private players grows 55.7% YoY in Mar’23 LIC’s WRP rises 10.2% YoY; market share for private players expands to 68.1% * The individual weighted received premium (WRP) for private players grew 55.7% YoY in Mar’23 (up 18.2% YoY in Feb’23) aided by higher demand before the budgetary changes kick in from Apr’23. The same for industry grew 37.6% YoY in Mar’23 (up 10.5% YoY in Feb’23). For FY23, private players grew 24.2% YoY (at a...
Update On : India Life Insurance By Motilal Oswal Financial Services
Update On : India Life Insurance By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
21/04/2023 11:56:08 AM
US dollar may not go down further, rupee to gain in short term: Emkay Global The US dollar may not go down much against other currencies in the near future as the potential for further rate hikes are there and flight to safety during uncertainties, Emkay Global Financial Services said in a report. The Indian rupee may gain some ground due to year end repatriations and once the supply dwindles the currency may become weaker again, it said. According to the report, the US dollar has conceded some ground to the other major currencies compared to the levels that wer...
US dollar may not go down further, rupee to gain in short term: Emkay Global
US dollar may not go down further, rupee to gain in short term: Emkay Global
Source: IANS
19/04/2023 3:14:48 PM
Retail loan securitisations jump 56% to Rs 1.76 lakh crore in FY23: Care Ratings Care Ratings in its latest report has said that retail loan securitisations jumped a robust 56 per cent to Rs 1.76 lakh crore in the just concluded fiscal 2023, while that of wholesale rose to around Rs 6,600 crore, coming out of the pandemic blues finally. The agency said the secondary market for standard retail assets has seen a robust growth of 56 per cent in FY23, reflecting the resilient retail asset pools in the secondary market as well as the preference of banks to grow their retail...
Retail loan securitisations jump 56% to Rs 1.76 lakh crore in FY23: Care Ratings
Retail loan securitisations jump 56% to Rs 1.76 lakh crore in FY23: Care Ratings
Source: Accord Fintech
11/04/2023 11:30:07 AM
Indian startups have deposits of about $1 billion in Silicon Vally Bank, minister says Indian startups had deposits worth about $1 billion with embattled Silicon Valley Bank and the country's deputy IT minister said he had suggested that local banks lend more to them going ahead. California banking regulators shut down Silicon Valley Bank (SVB) on March 10 after a run on the lender, which had $209 billion in assets at the end of 2022. Depositors pulled out as much as $42 billion on a single day, rendering it insolvent. The U.S. government eventually stepped in to ensu...
Indian startups have deposits of about $1 billion in Silicon Vally Bank, minister says
Indian startups have deposits of about $1 billion in Silicon Vally Bank, minister says
Source: Reuters
17/03/2023 12:30:25 PM
Indian banks` gross NPAs likely to decline 90 bps to less than 5% in FY23: Assocham-Crisil study A joint study carried out by Assocham-Crisil Rating has unveiled that gross Non-Performing Assets (NPAs) of Indian banks are expected to decline 90 basis points (bps) to less than five per cent in FY23 and hit a decadal low of sub-four per cent by March 31, 2024. The study attributed the decline in gross NPAs to the post-Covid economic recovery and higher credit growth. It said the biggest improvement would be in the corporate loan segment, where gross NPAs are seen falling below two per c...
Indian banks` gross NPAs likely to decline 90 bps to less than 5% in FY23: Assocham-Crisil study
Indian banks` gross NPAs likely to decline 90 bps to less than 5% in FY23: Assocham-Crisil study
Source: Accord Fintech
10/03/2023 11:26:43 AM
Jio True 5G services now available in Guwahati Reliance Jio launched its 5G services in Guwahati on Tuesday, and according to the company, by December 2023, Jio True 5G services would be made available across Assam. Chief Minister Himanta Biswa Sarma launched the Jio True 5G services at an event in the Kamakhya temple complex here. At the event, Jio demonstrated the benefits of 5G in the field of healthcare through the Jio Community Clinic medical kit, and the AR-VR device, Jio Glass. According to a statement issued by the compan...
Jio True 5G services now available in Guwahati
Jio True 5G services now available in Guwahati
Source: IANS
11/01/2023 10:50:47 AM
We want to push India`s $1 trillion digital economy dream: Satya Nadella As India embarks on its digital journey with full steam, Microsoft wishes to move in and provide every part of its tech stack to the country and its innovators, to help it become the $1 trillion digital economy as the country spends more on its tech sector, the company's Chairman and CEO Satya Nadella said here on Thursday. Nadella told IANS that India's tax spend as a percentage of its GDP is becoming normalised when compared to the developed world, and is now among the top 10 cou...
We want to push India`s $1 trillion digital economy dream: Satya Nadella
We want to push India`s $1 trillion digital economy dream: Satya Nadella
Source: IANS
5/01/2023 2:07:19 PM
India`s retail vehicle sales dip in December, to take hit in Q4 - dealers` body BENGALURU - Retail sales of vehicles in India could take a hit in the final quarter of the fiscal year, an automobile dealers' body said on Thursday while reporting a more than 5% year-on-year fall in sales for December at 1.62 million units. India has mandated automakers to comply with stricter fuel efficiency norms from April 2023, aimed at reducing carbon emissions. This, the Federation of Automobile Dealers Associations (FADA) said, would trigger further price hikes and result in w...
India`s retail vehicle sales dip in December, to take hit in Q4 - dealers` body
India`s retail vehicle sales dip in December, to take hit in Q4 - dealers` body
Source: Reuters
5/01/2023 9:43:33 AM
S&P Global forecasts India's growth at 6% for 2023, 7% for 2022 Pegging India's gross domestic product (GDP) growth at seven per cent for 2022 and six per cent for 2023, global credit rating agency S&P Global Ratings said the forecast has been lowered by 0.5 per cent for next two fiscal years. In a research report S&P Global Ratings said India's forecast has been lowered by 0.5 percentage points for the next two fiscal years on slower global demand. Regional growth remains healthy overall. Meanwhile at global level, S&P Global Ra...
S&P Global forecasts India's growth at 6% for 2023, 7% for 2022
S&P Global forecasts India's growth at 6% for 2023, 7% for 2022
Source: IANS
1/12/2022 10:23:32 AM
India considers plan to reduce short-term borrowing as yields surge - Media The Indian government is considering a proposal to bring down its treasury-bill sales in the upcoming quarter, Bloomberg News reported on Tuesday, citing people familiar with the matter. India could try to avoid incremental borrowing through the bills and only borrow to meet its previous repayment needs in the upcoming quarter, the report said. One option for the government would be to cancel sales if the yields demanded by investors prove to be too steep, the report added.
India considers plan to reduce short-term borrowing as yields surge - Media
India considers plan to reduce short-term borrowing as yields surge - Media
Source: Reuters
15/11/2022 4:04:55 PM
PM Narendra Modi likely to inaugurate greenfield airport, 600 MW power plant in Arunachal next week Prime Minister Narendra Modi is likely to visit Arunachal Pradesh next week and inaugurate the greenfield airport in Itanagar and a 600 MW Kameng hydro electric power project, officials said on Wednesday. A senior official of the state government said that the Prime Minister is likely to visit Arunachal Pradesh on October 27 or 28, though his tour schedule has not been finalised yet. "The PM would visit Tripura and Arunachal Pradesh next week to inaugurate and lay foundation stones...
PM Narendra Modi likely to inaugurate greenfield airport, 600 MW power plant in Arunachal next week
PM Narendra Modi likely to inaugurate greenfield airport, 600 MW power plant in Arunachal next week
Source: IANS
20/10/2022 11:47:03 AM
Housing finance companies' AUM to grow 10-12% in FY23: CRISIL The assets under management (AUM) of housing finance companies are expected to grow 10-12 per cent in this financial year 2022-23, as against 8 per cent in the last financial year, mainly due to home loans, which could grow 15 per cent on-year, said CRISIL. Last fiscal, HFC growth was a story of two halves: stunted to just about 2 per cent (annualised) in the first half because of the second wave of the pandemic, and a V-shaped 14 per cent (annualised) growth in the second half. "S...
Housing finance companies' AUM to grow 10-12% in FY23: CRISIL
Housing finance companies' AUM to grow 10-12% in FY23: CRISIL
Source: IANS
14/09/2022 4:49:55 PM
Economy Observer: Has the government shifted its fiscal deficit strategy - Motilal Oswal Financial Services Ltd A lower deficit in the first quarter is a result of conservatism in receipts, rather than lesser spending * In the good old days, there used to be a continuous pattern in Union government finances – the fiscal deficit in the first quarter (1Q) of the fiscal would be so high that there was a continuous debate on whether the government will be able to meet its deficit target for the fiscal or not (refer Exhibit 1). The fiscal deficit of the Union government averaged 40% of budget estim...
Economy Observer: Has the government shifted its fiscal deficit strategy - Motilal Oswal Financial Services Ltd
Economy Observer: Has the government shifted its fiscal deficit strategy - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
25/08/2022 1:00:48 PM
India Strategy: Flowing matters Deciphering the In-N-Out of Institutional Flows - Motilal Oswal Financial Services Ltd Flowing matters: Deciphering the ‘In–N–Out’ of Institutional Flows Total Institutional ownership of Indian equities has remained stable at around onethird (~33%) over the last five years. However, the verve of institutional flows has transformed distinctly of late, with domestic institutional investor (DII) flows markedly outpacing foreign institutional investor (FII) flows over the last seven years. In this report, we delve deep into the character of the ‘Ins...
India Strategy: Flowing matters Deciphering the In-N-Out of Institutional Flows - Motilal Oswal Financial Services Ltd
India Strategy: Flowing matters Deciphering the In-N-Out of Institutional Flows - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
25/08/2022 12:36:15 PM
Exclusive-How an Indian cement maker bought Russian coal using yuan An Indian cement maker's recent purchase of Russian coal using yuan involved India's biggest private lender, HDFC Bank, according to an invoice seen by Reuters and a source, as more details emerge of the kind of trade that could blunt Western sanctions against Moscow. There is no suggestion that the purchase, the particulars of which have not previously been reported, in any way breaches sanctions imposed on Russia in the wake of its invasion of Ukraine. But the document shows o...
Exclusive-How an Indian cement maker bought Russian coal using yuan
Exclusive-How an Indian cement maker bought Russian coal using yuan
Source: Reuters
11/07/2022 2:27:31 PM
Why UPL, PI Industries scored over Rallis India, Dhanuka Agritech in FY19 Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More Shares of agrochemical companies with higher exposure to overseas markets have done relatively better than those with less exposure in fiscal year 2019. This isn’t surprising given the challenges in the domestic agrochemicals market. “The industry has been impacted due to declining farmer income and low pest pressure. Inventory for the industry is ~20-30% higher than normal," Prabhudas Lilladher...
Why UPL, PI Industries scored over Rallis India, Dhanuka Agritech in FY19
Why UPL, PI Industries scored over Rallis India, Dhanuka Agritech in FY19
Source: HT Media
2/04/2019 1:20:50 PM
Two-day bank strike from tomorrow. 5 things to know Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More New Delhi: Most state-run banks are likely to be closed for two days from tomorrow as several bank employees associations have decided to join the nationwide general strike on January 8 and 9 called by central trade unions against “anti-worker” government policies. The All India Bank Employees Association ( AIBEA ) and Bank Employees Federation of India (BEFI) have given call to their members, who...
Two-day bank strike from tomorrow. 5 things to know
Two-day bank strike from tomorrow. 5 things to know
Source: HT Media
7/01/2019 1:36:17 PM
As India moves forward, it needs to learn from the past (Column: Active Voice) Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More India is an elaborate mix of contradictions and complexities. It is rare to find other countries in the world that embrace such an extraordinary diversity of religions, a multitude of ethnic groups, a disparate assortment of languages, and a range of economic development levels within the society. The contradictions can be seen in the outcomes of the economy that we see today as well. The country is a net i...
As India moves forward, it needs to learn from the past (Column: Active Voice)
As India moves forward, it needs to learn from the past (Column: Active Voice)
Source: IANS
25/12/2018 2:48:31 PM