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Hyderabad fastest-growing among 6 Indian cities amid real estate surge Among six leading Indian cities, Hyderabad stands out as the fastest-growing one driven by robust infrastructure development and surging real estate demand, a report showed on Tuesday.  Meanwhile, Mumbai-MMR maintains steady growth across all metrics, reaffirming its position as India’s financial capital, and Delhi-NCR ranks highest for its superior physical infrastructure and governance, according to ‘India Prime City Index’ report by Knight Frank India. On the o...
Hyderabad fastest-growing among 6 Indian cities amid real estate surge
Hyderabad fastest-growing among 6 Indian cities amid real estate surge
Source: IANS
2024-11-19 02:07:59 pm
India`s power sector set for robust growth amid renewable energy push As India is poised to see a surge in energy demand than any other country over the next decade owing to its sheer size and scale of rising demand from all sectors, the country’s power transmission sector is set for significant growth due to ambitious renewable energy targets.  The Central Electricity Authority expects $110 billion in investments over FY22-32E, as electricity demand surges amid ambitious renewable energy capacity addition targets. According to Japanese brokera...
India`s power sector set for robust growth amid renewable energy push
India`s power sector set for robust growth amid renewable energy push
Source: IANS
2024-11-09 11:00:23 am
Broadband sector to drive telecom industry growth, create new jobs The rising demand for high-speed internet and data-driven services will boost growth in the broadband market, which is expected to witness a 9-10 per cent Compound Annual Growth Rate (CAGR) over the next few years, according to a report on Tuesday.  The report by TeamLease Services, a people supply chain company, showed that the penetration of wired broadband in India currently stands at around 13 per cent. This figure is expected to accelerate as service providers prioritise broadban...
Broadband sector to drive telecom industry growth, create new jobs
Broadband sector to drive telecom industry growth, create new jobs
Source: IANS
2024-10-29 05:21:34 pm
NTPC Green Energy’s Rs 10,000 crore IPO gets SEBI nod NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC Limited, on Monday said it has received approval from the Securities and Exchange Board of India (SEBI) to raise Rs 10,000 crore through an initial public offering (IPO).  The IPO with a face value of Rs 10 per equity share is a fresh issue of equity shares. The offer also includes a reservation for a subscription by eligible employees and a discount is being offered to eligible employees bidding in the employee reservation ...
NTPC Green Energy’s Rs 10,000 crore IPO gets SEBI nod
NTPC Green Energy’s Rs 10,000 crore IPO gets SEBI nod
Source: IANS
2024-10-29 09:29:00 am
IBM acquires Bengaluru-based Prescinto for renewable energy asset management Tech major IBM on Tuesday announcing it has acquired Prescinto, a leading provider of asset performance management (APM) software-as-a-service (SaaS) for renewables, for an undisclosed sum.  The acquisition will enhance the capabilities of IBM Maximo Application Suite (MAS), the company’s solution for asset lifecycle management. Moreover, it will further IBM’s leadership in the energy and utility space, an industry undergoing significant transformation and seeking solut...
IBM acquires Bengaluru-based Prescinto for renewable energy asset management
IBM acquires Bengaluru-based Prescinto for renewable energy asset management
Source: IANS
2024-10-15 11:33:14 am
Global cellular IoT revenues to surpass $26 billion by 2030 The global cellular IoT market is set to maintain its strong expansion, with connections projected to exceed 6.2 billion by 2030, growing at a CAGR of 10 per cent.  Counterpoint Research expects global cellular IoT revenues to surpass $26 billion by 2030, as average revenue per user (ARPU) are expected to stabilise in the latter part of the decade. In 2023, the global cellular IoT connections surged 24 per cent to surpass 3.3 billion, despite challenges in the cellular IoT module s...
Global cellular IoT revenues to surpass $26 billion by 2030
Global cellular IoT revenues to surpass $26 billion by 2030
Source: IANS
2024-09-22 08:56:24 am
Co-branded credit cards to grow at 35-40 pc CAGR in India by FY28 Driven by India’s booming economy and shifting consumer preferences, co-branded credit cards (CBCCs) are projected to grow at the 35-40 per cent compound annual growth rate (CAGR), outpacing the traditional plastic money by two times in FY28, a report said on Tuesday.  As consumers seek personalised financial products, co-branded credit cards have emerged as a key driver of engagement, offering tailored rewards and exclusive benefits through strategic partnerships between banks ...
Co-branded credit cards to grow at 35-40 pc CAGR in India by FY28
Co-branded credit cards to grow at 35-40 pc CAGR in India by FY28
Source: IANS
2024-08-27 04:55:49 pm
Indian data centre market to add 500 MW capacity in next 4 years India has the potential to add another 500 MW data centre capacity over next the four years, as demand for artificial intelligence (AI) use cases surge in the country, a report said on Wednesday.  With AI workloads set to surge and eventually outpace traditional cloud computing, the demand for data centres is also expected to rise sharply, according to the report by Avendus Capital, one of the country’s largest investment banks. The data centre sector doubled from 540 MW in 2...
Indian data centre market to add 500 MW capacity in next 4 years
Indian data centre market to add 500 MW capacity in next 4 years
Source: IANS
2024-08-21 05:17:48 pm
Ideal Technoplast Industries coming with IPO to raise Rs 16.03 crore Ideal Technoplast Industries Ideal Technoplast Industries is coming out with an initial public offering (IPO) of 13,25,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 121 per equity share.  The issue will open for subscription on August 21, 2024 and will close on August 23, 2024. The shares will be listed on NSE Emerge Platform. The share is priced at 12.10 times higher to its face value of Rs 10. Book running lead manager to the issue is Swast...
Ideal Technoplast Industries coming with IPO to raise Rs 16.03 crore
Ideal Technoplast Industries coming with IPO to raise Rs 16.03 crore
Source: Accord Fintech
2024-08-20 03:25:04 pm
Global spending on AI to reach $632 billion in 2028 The global spending on artificial intelligence (AI), including AI-enabled applications, infrastructure and related IT and business services, is likely to reach $632 billion by 2028, a new report said on Monday.  The rapid incorporation of AI, and generative AI (GenAI) in particular, into a wide range of products will result in a compound annual growth rate (CAGR) of 29 per cent over the 2024-2028 forecast period, according to a new forecast by the International Data Corporation (IDC)....
Global spending on AI to reach $632 billion in 2028
Global spending on AI to reach $632 billion in 2028
Source: IANS
2024-08-20 09:47:22 am
Orient Technologies coming with IPO to raise Rs 221.53 crore Orient Technologies   Orient Technologies is coming out with a 100% book building; initial public offering (IPO) of 1,07,53,846 shares of Rs 10 each in a price band Rs 195-206 per equity share.         Not more than 50% of the issue will be allocated to Qualified Institutional Buyers (QIBs), including 5% to the mutual funds. Further, not less than 15% of the issue will be available for the non-institutional bidders and the remaining 35% for the retail ...
Orient Technologies coming with IPO to raise Rs 221.53 crore
Orient Technologies coming with IPO to raise Rs 221.53 crore
Source: Accord Fintech
2024-08-19 05:23:00 pm
Dhariwalcorp coming with IPO to raise Rs 25.15 crore Dhariwalcorp   Dhariwalcorp is coming out with initial public offering (IPO) of 23,72,400 shares in a price band Rs 102-106 per equity share. The issue will open on August 1, 2024 and will close on August 5, 2024. The shares will be listed on NSE Emerge Platform. The face value of the share is Rs 10 and is priced 10.20 times of its face value on the lower side and 10.60 times on the higher side. Book running lead manager to the issue is Shreni Shares. Compliance Office...
Dhariwalcorp coming with IPO to raise Rs 25.15 crore
Dhariwalcorp coming with IPO to raise Rs 25.15 crore
Source: Accord Fintech
2024-07-31 03:48:01 pm
Emerging markets to push growth of 5G smartphones amid saturation in developed markets The share of 5G smartphones will increase exponentially in the years to come, registering another year of double-digit growth in 2025 (more than 13.2 per cent), a report has shown.  The 16 per cent growth in 5G smartphones in 2024 is set to be followed by next year too as global 5G market share will climb to 74.4 per cent, up from 67.2 per cent this year, according to an IDC report. 5G-powered smartphones continue to fuel the market as these devices will display nearly 16 per cent ...
Emerging markets to push growth of 5G smartphones amid saturation in developed markets
Emerging markets to push growth of 5G smartphones amid saturation in developed markets
Source: IANS
2024-05-31 02:44:04 pm
VC firm Venturi Partners invests $27 mn in K12 Techno Services Venture capital firm Venturi Partners on Thursday announced a purchase of a $27 million stake in the education service provider K12 Techno Services from Navneet Learning LLP, a subsidiary of Navneet Education Limited. Investing out of its $180 million maiden fund, Venturi will join existing shareholders, which include Peak XV Partners, Kedaara Capital, Sofina Ventures, and Navneet Learning LLP, to support the management team led by Jai Decosta, CEO of K12 Techno. "Venturi’s v...
VC firm Venturi Partners invests $27 mn in K12 Techno Services
VC firm Venturi Partners invests $27 mn in K12 Techno Services
Source: IANS
2024-05-09 04:00:22 pm
Centre Court Capital launches Rs 350 cr gaming, sports tech fund Venture capital (VC) firm Centre Court Capital (CCC) on Thursday launched a Rs 350 crore fund to revolutionise the country's sports and gaming landscape. According to the company, the fund will back founders bringing innovative tech and push the boundaries of the sports and gaming ecosystem. Founded by Mustafa Ghouse, former CEO of JSW Sports, along with Alok Samtaney, who was a former Investment Director with TVS Capital and Sabre Partners, the fund has the Sajjan Jindal Family Tru...
Centre Court Capital launches Rs 350 cr gaming, sports tech fund
Centre Court Capital launches Rs 350 cr gaming, sports tech fund
Source: IANS
2024-04-04 11:46:50 am
Centre to develop plant for recycling lithium-ion batteries, e-waste in Uttarakhand The Technology Development Board (TDB), under the Department of Science and Technology (DST), on Tuesday said it has partnered with startup Remine India to develop a commercial plant for recycling lithium-ion (Li-ion) batteries and e-waste using indigenous technology in Uttarakhand. Through the agreement signed recently, the TDB pledged financial assistance of Rs. 7.5 crore out of the total project cost of Rs.15 crore, said the Ministry of Science & Technology, in a statement. &ldqu...
Centre to develop plant for recycling lithium-ion batteries, e-waste in Uttarakhand
Centre to develop plant for recycling lithium-ion batteries, e-waste in Uttarakhand
Source: IANS
2024-04-03 10:01:21 am
Edge data centres in smaller cities a golden opportunity for India With the global data centre industry evolving significantly over time, within the Indian market, two noticeable trends are emerging - an increasing demand for colocation data centres and the emergence of newer edge data centres. As data consumption rises in smaller cities, the demand for edge data centres will explode which is a golden ticket opportunity. According to Jaganathan Chelliah, Senior Director-Marketing, India, Middle East and TIA, Western Digital, these trends highlight the ...
Edge data centres in smaller cities a golden opportunity for India
Edge data centres in smaller cities a golden opportunity for India
Source: IANS
2024-03-31 11:27:53 am
India`s data centre capacity to double in 3 years India’s data centre capacity is likely to double in three years, from nearly 0.9 gigawatts (GW) in 2023 to 2 GW in 2026, a report said on Wednesday. This additional capacity built-up has created substantial investment prospects due to the estimated capex requirement of Rs 50,000 crore in the next three years, according to the report by CareEdge Ratings. Currently, India has a data centre capacity share of only 3 per cent globally despite generating 20 per cent of the global data, ...
India`s data centre capacity to double in 3 years
India`s data centre capacity to double in 3 years
Source: IANS
2024-03-27 05:29:06 pm
Despite recent downturn, small and mid caps outperform large caps in last 12 months Despite a recent downturn, with small caps yielding no returns in the past 90 days and mid caps experiencing corrections in the recent past, the past 12-month performance still eclipses large caps with returns exceeding 50 per cent, broking firm, Anand Rathi Share and Stock Brokers said. “In the face of mounting skepticism from market experts, our outlook for mid and small cap indices remains optimistic,” the brokerage said. The exceptional performance of mid and small caps ...
Despite recent downturn, small and mid caps outperform large caps in last 12 months
Despite recent downturn, small and mid caps outperform large caps in last 12 months
Source: IANS
2024-03-20 03:56:50 pm
IT spending in India to reach $44 bn this year: IDC report IT spending in India for 2024 is expected to grow 11 per cent year-on-year (YoY), reaching $44 billion, an International Data Corporation (IDC) report said on Thursday. As India’s digital economy continues to thrive in 2024 and beyond, IDC expects IT spending in the country to accelerate at a Compound Annual Growth Rate (CAGR) of 9.9 per cent over the coming years to cross the $59 billion mark in 2027, with the software market consistently showing double digit growth across the forec...
IT spending in India to reach $44 bn this year: IDC report
IT spending in India to reach $44 bn this year: IDC report
Source: IANS
2024-03-14 04:59:14 pm
Indian healthcare innovation market to reach $60 bn by 2028 Driven by pharma services and technology, the healthcare innovation market in India is expected to reach $60 billion by 2028, according to a report on Wednesday. In FY 2023, the overall Indian healthcare market was valued at about $180 billion. It is projected to grow at approximately 10-12 per cent CAGR to reach $320 billion by FY 2028. Healthcare innovation market, currently valued at $30 billion, accounts for 15 per cent of the overall market. The new report by Bain & Company ...
Indian healthcare innovation market to reach $60 bn by 2028
Indian healthcare innovation market to reach $60 bn by 2028
Source: IANS
2024-03-06 03:30:06 pm
Ad spending in India to reach $17 bn in FY24, consumption to rebound  Overall ad spending in India is estimated to reach $16-17 billion in FY24, growing at 6 per cent in the fiscal year, a report showed on Thursday. Digital advertising which accounts for 55 per cent of total spending is set to grow at 6-7 per cent in FY24, according to the report by market research firm Redseer Strategy Consultants. With consumption set to rebound in the next 4 or 5 years, advertising spend is projected to grow at 9-10 per cent Compound Annual Growth Rate (CAGR) ove...
Ad spending in India to reach $17 bn in FY24, consumption to rebound
Ad spending in India to reach $17 bn in FY24, consumption to rebound
Source: IANS
2024-02-29 03:46:46 pm
Foreign investors unwilling to chase most stocks at current valuations, say analysts Foreign investors are looking to buy Indian stocks on any meaningful correction, but are unwilling to chase most stocks at current valuations, says Pratik Gupta, CEO & Co-Head, Kotak Institutional Equities. The strong foreign investor interest is not because they’re looking to buy Indian stocks right away, but because many of them had come to learn more about India and specific companies, so that they can be ready to buy as and when there’s any meaningful market correction,...
Foreign investors unwilling to chase most stocks at current valuations, say analysts
Foreign investors unwilling to chase most stocks at current valuations, say analysts
Source: IANS
2024-02-27 04:17:54 pm
With unsecured personal loans under lens, growth momentum in the segment to derail in coming quarters Considering the recent regulatory developments and commentary, growth momentum in unsecured personal loans category is likely to derail in the coming quarters, ICICI Securities said in a report. NBFCs are witnessing a very strong credit cycle, both in terms of growth as well as asset quality, but higher credit growth in unsecured personal loans (since Covid) triggered a cause for concern. Accelerated growth in unsecured loans grabbed the regulator’s (RBI) attention and it has proa...
With unsecured personal loans under lens, growth momentum in the segment to derail in coming quarters
With unsecured personal loans under lens, growth momentum in the segment to derail in coming quarters
Source: IANS
2024-02-27 10:15:55 am
India`s market capitalisation will likely touch $10 trillion by 2030  India’s market cap is currently the 5th largest globally (US $4.5 trillion) but its weight in global indices is still low at 1.6% (10th rank), foreign brokerage, Jefferies said in a report. This should change as market free float rises and some weight anomalies get sorted out. Assuming market returns in line with the last 15-20 year history and new listings, India will become nearly a $10 trillion market by 2030 -- impossible for large global investors to ignore, the report sai...
India`s market capitalisation will likely touch $10 trillion by 2030
India`s market capitalisation will likely touch $10 trillion by 2030
Source: IANS
2024-02-22 01:59:30 pm
Centre working on draft AI regulation framework, to be released soon The government on Tuesday said it is working on to unveil a draft regulatory framework for artificial intelligence (AI) by June-July this year, amid concerns over a rise in deepfakes and user harm associated with the new technology. Addressing a Nasscom event in the Capital, Minister of State for Electronics and IT, Rajeev Chandrasekhar, said the government is working on a draft AI regulation framework and will release it soon. “The aim is to harness AI for economic growth and add...
Centre working on draft AI regulation framework, to be released soon
Centre working on draft AI regulation framework, to be released soon
Source: IANS
2024-02-21 11:42:58 am
India`s AI market to reach $17 bn by 2027, demand for talent to grow: Nasscom India’s artificial intelligence (AI) market is likely to grow at 25 per cent compound annual growth rate (CAGR) to reach $17 billion by 2027, with similar growth in AI investments, a Nasscom report said on Tuesday. India’s AI market is growing with AI/ML capabilities, including GenAI, emerging as the top category of IT spend expected to be made by IT buyers in 2023, according to the report by Nasscom in partnership with market research firm BCG. This growth is fueled by mult...
India`s AI market to reach $17 bn by 2027, demand for talent to grow: Nasscom
India`s AI market to reach $17 bn by 2027, demand for talent to grow: Nasscom
Source: IANS
2024-02-20 05:54:59 pm
Indian food services market likely to surpass $100 bn by 2028 The overall food service market in India is likely to surpass $100 billion by 2028, growing at a compound annual growth rate (CAGR) of 8-12 per cent, a report said on Thursday. The Indian organised food services market is expected to double by 2028 from $30 billion to $60 billion, driven by evolving consumer behaviour, according to the report by market intelligence firm Redseer. Notably, the organised sector growth is expected to outpace the unorganised segment by 3 times, said the repo...
Indian food services market likely to surpass $100 bn by 2028
Indian food services market likely to surpass $100 bn by 2028
Source: IANS
2024-02-15 02:29:56 pm
Domestic air traffic to go up to 300 million by 2030: Jyotiraditya Scindia India’s domestic air passenger traffic will grow to 300 million by 2030, Civil Aviation Minister Jyotiraditya Scindia said here on Thursday. Addressing Wings India 2024 at Begumpet Airport in Hyderabad, he said the domestic passenger traffic, which was 60 million in 2014 grew to 145 million pre-Covid and it further went up to 153 million in 2023. He said despite the projected growth of 300 million by 2030, India will be one of the most under penetrated markets across top 20 market...
Domestic air traffic to go up to 300 million by 2030: Jyotiraditya Scindia
Domestic air traffic to go up to 300 million by 2030: Jyotiraditya Scindia
Source: IANS
2024-01-18 03:04:29 pm
Shyam Metalics and Energy shines on raising Rs 1,385 through QIP Shyam Metalics And Energy is currently trading at Rs. 676.00, up by 9.30 points or 1.39% from its previous closing of Rs. 666.70 on the BSE. The scrip opened at Rs. 677.80 and has touched a high and low of Rs. 683.40 and Rs. 669.10 respectively. So far 43964 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 683.40 on 11-Jan-2024 and a 52 week low of Rs. 253.05 on 29-Mar-2023. Last one week high and low of the scr...
Shyam Metalics and Energy shines on raising Rs 1,385 through QIP
Shyam Metalics and Energy shines on raising Rs 1,385 through QIP
Source: Accord Fintech
2024-01-11 10:17:44 am
Underperforming sectors from past decade led 2023 markets rally The recovery of underperforming sectors from the past decade -- such as Real Estate, Capital Goods, PSUs, Industrials, Defence -- led the markets rally in 2023, as per a report by Motilal Oswal Financial Services. The top gainers in the sectoral space were: Real Estate (+81 per cent), Capital Goods (+67 per cent), Auto (+48 per cent), Infra (+39 per cent), Healthcare (+34 per cent), Utilities (+33 per cent), PSU Bank (+32 per cent), Energy (+29 per cent), FMCG (+29 per cent), Technology (+...
Underperforming sectors from past decade led 2023 markets rally
Underperforming sectors from past decade led 2023 markets rally
Source: IANS
2024-01-08 12:09:16 pm
As New Year begins, there`s some nervousness in markets In some areas, valuations seem stretched, as seen in the surge of micro-cap stocks and the enthusiasm for new issues, including in the SME sector, Jaykrishna Gandhi, Head of Business Development, Institutional Equities at Emkay Global Financial Services, said on Wednesday. The Nifty trailing PE stands at 23.4x, indicating a balance between not being overly expensive and not particularly cheap, especially considering the forecast 12-14 per cent earnings CAGR over the next two years, he said...
As New Year begins, there`s some nervousness in markets
As New Year begins, there`s some nervousness in markets
Source: IANS
2024-01-03 05:08:06 pm
From mirrorless lens to AI video analytics: Decoding the growth of India`s imaging industry The imaging industry has revolutionized the way the world around us is captured and documented. Visual storytelling has never been more convenient owing to developments in technology such as mirrorless lenses, high-resolution sensors, and advanced image processors that are making inroads into both the consumer and professional segments of the Indian camera market. This is evident from the unceasing flow of basic image/video content on social media to the technical upgrades in the field of ...
From mirrorless lens to AI video analytics: Decoding the growth of India`s imaging industry
From mirrorless lens to AI video analytics: Decoding the growth of India`s imaging industry
Source: IANS
2023-12-26 02:26:48 pm
Expect a deepfakes boom as hackers master use of AI, Machine Learning  With the growth of Large Language Models (LLMs) like OpenAI's ChatGPT, Artificial Intelligence (AI) exploded in the public arena in 2023. According to experts, this trend is expected to continue beyond 2024, as both hackers and cybersecurity professionals continue to improve their usage of AI and Machine Learning (ML). Recently, Infosys founder Narayana Murthy's two new deepfake videos were shared on social media, purportedly promoting a so-called investing platform ‘Qu...
Expect a deepfakes boom as hackers master use of AI, Machine Learning
Expect a deepfakes boom as hackers master use of AI, Machine Learning
Source: IANS
2023-12-22 03:30:23 pm
Indian AI startups fuel innovation amid record funding, government push As funding becomes scarce for the Indian startup ecosystem in general, the explosion of Artificial Intelligence (AI) has given a new lease of life to entrepreneurs and founders in the country, as the Centre extends support to the sector. As a result, homegrown generative AI startup Sarvam AI raised $41 million earlier this month, in its Series A round led by Lightspeed and supported by Peak XV Partners and Vinod Khosla-run Khosla Ventures, thus representing the largest raise at this stage ...
Indian AI startups fuel innovation amid record funding, government push
Indian AI startups fuel innovation amid record funding, government push
Source: IANS
2023-12-22 03:18:24 pm
Medical device cybersecurity market to grow $1.1 bn by 2027: Study The market for cybersecurity in medical devices is expected to grow at a CAGR of 12.2 per cent by 2027 reaching $1.1 billion, according to a report on Thursday. The rapid integration of new technology and digital health devices into healthcare systems has revolutionised patient care and diagnostic processes. The increased reliance on these devices has also exposed the healthcare industry to cybersecurity threats. There are several cybersecurity challenges in the medical devices industry...
Medical device cybersecurity market to grow $1.1 bn by 2027: Study
Medical device cybersecurity market to grow $1.1 bn by 2027: Study
Source: IANS
2023-12-14 04:04:35 pm
Fifth time in succession, Reliance Industries emerges as largest wealth creator in 2018-23  For the fifth time in succession, Reliance Industries has emerged as the largest Wealth Creator over 2018-23. This takes Reliance’s overall No.1 tally to 10 in the last 17 five-year study periods, as per Motilal Oswal 28th Annual Wealth Creation Study. Reliance Industries, Lloyds Metals and Capri Global are the biggest, fastest, and most consistent wealth creators, respectively, between 2018 and 2023. Adani Enterprises is the top all-round wealth creator. Technology sector i...
Fifth time in succession, Reliance Industries emerges as largest wealth creator in 2018-23
Fifth time in succession, Reliance Industries emerges as largest wealth creator in 2018-23
Source: IANS
2023-12-14 02:23:01 pm
Valuations of two wheeler listed companies remain expensive, says brokerage  Domestic two wheeler companies valuations trade significantly above the long-term average multiples, says a report by Kotak Institutional Equities. “Hero MotoCorp, Bajaj Auto and TVS Motors are trading 1 STD above the long-term price-to-earnings multiple. We believe these multiples are expensive as (1) re-rating in multiples for the companies are not commensurate with the long-term growth prospects of the domestic industry, given high penetration levels and (2) pick-up in elect...
Valuations of two wheeler listed companies remain expensive, says brokerage
Valuations of two wheeler listed companies remain expensive, says brokerage
Source: IANS
2023-12-08 12:46:49 pm
Tata Power shares up 12 per cent after upgrade Tata Power is up 12 per cent in trade on Thursday after an upgrade by a brokerage. Tata Power is trading at Rs 329 on BSE up by 12 per cent. JM Financial Institutional Securities said in a research that Tata Power's recalibrated strategy involves tapping high-margin group captive RE (renewables) opportunities, exiting low-value businesses, venturing into brownfield pumped hydro storage, and expanding transmission business beyond distribution. This, coupled with the visible resolu...
Tata Power shares up 12 per cent after upgrade
Tata Power shares up 12 per cent after upgrade
Source: IANS
2023-12-07 03:11:52 pm
Tesla profits plunge 44%, Cybertruck won`t be profitable till 2025 Elon Musk-run Tesla saw its profits nosediving 44 per cent to $1.85 billion in the third quarter (Q3) from the year-ago period when it had registered $3.3 billion in profits.The electric car-maker reported $23.4 billion in revenue during the third quarter of 2023, a small increase from $21.4 billion the same time last year.The company?s operating margins fell for the third quarter in a row, meaning that frequent price cuts have taken its toll on Tesla?s bottom line.?Our cost of goods sold per...
Tesla profits plunge 44%, Cybertruck won`t be profitable till 2025
Tesla profits plunge 44%, Cybertruck won`t be profitable till 2025
Source: IANS
2023-10-19 11:41:13 am
Indian direct-2-consumer market set to reach 3 bn shipments by 2027 The Indian direct-2-consumer (D2C) market is projected to reach a gross merchandise value (GMV) of $30-35 billion by 2027 with up to 3 billion shipments, and third-party logistics providers will be the direct benefactors, a report showed on Friday.This is a compound annual growth rate (CAGR) of around 40 per cent, which is more than three times that of the broader retail market and 1.6 times of the e-commerce market for the same period, according to a report by Redseer Strategy Consultants.On...
Indian direct-2-consumer market set to reach 3 bn shipments by 2027
Indian direct-2-consumer market set to reach 3 bn shipments by 2027
Source: IANS
2023-10-06 01:57:06 pm
Major domestic drug firms to report 8-10% revenue growth in current fiscal: Icra Icra has said leading domestic pharmaceutical companies are expected to report a revenue growth of 8-10 per cent in the current fiscal (FY24). It expects growth of its sample set of 25 companies, which account for 60 per cent of the overall Indian pharmaceutical industry, to sustain at 8-10 per cent in FY24. This is likely to be supported by continued price increases, new product launches and rising penetration of healthcare services in semi-urban and rural areas.It further stated despite sev...
Major domestic drug firms to report 8-10% revenue growth in current fiscal: Icra
Major domestic drug firms to report 8-10% revenue growth in current fiscal: Icra
Source: Accord Fintech
2023-09-18 10:26:32am
Ease of cross-border data flow to push data centre investments in India Driven by friendly cross-border data flow, the data centre capacity in India, Indonesia and Malaysia is likely to increase at a compound annual growth rate (CAGR) of between 10-25 per cent over the next five years, a report showed on Monday.Investing in data centres will allow providers such as telcos and real estate companies to diversify their revenue and assets, according to the report by 451 Research, part of S&P Global Market Intelligence.?There are risks, however, given the capital ...
Ease of cross-border data flow to push data centre investments in India
Ease of cross-border data flow to push data centre investments in India
Source: IANS
2023-09-11 02:19:28pm
Biofuel alliance can generate opportunities worth $500 billion in next 3 years for G20 countries: IBA Indian Biogas Association (IBA) has said that Biofuel alliance can generate opportunities worth $500 billion in the next three years for G20 countries. It said Biofuel alliance can be a win-win situation for G20 countries and the environment. It said Biogas can generate an opportunity of $200 billion, considering the least investment required, compared to other energy generation options and easy availability of raw materials. It pointed out that Bioenergy/Biogas, in principle, has the potenti...
Biofuel alliance can generate opportunities worth $500 billion in next 3 years for G20 countries: IBA
Biofuel alliance can generate opportunities worth $500 billion in next 3 years for G20 countries: IBA
Source: Accord Fintech
2023-09-11 12:47:18pm