Favorable seasonal and production factors that are expected to boost sugar prices in coming days, said JM Financial Institutional Securities in a report titled “Turning Sweeter”. The primary reasons for the bullish outlook on sugar prices has to do with international prices and India’s own buffer stock situation. The upcoming festival season in India, which […]
The wait for an electric motorcycle from Royal Enfield may be about to come to a close soon, but the company is considering venturing out of its traditional segment. The iconic motorcycle maker is working on an all-new electric vehicle platform and could look beyond its traditional mid-sized segment when it launches its first electric […]
Cement companies across India have announced significant price hikes for September 2023 following a decline seen in cement prices in August compared to July levels, said IIFL Securities after talking to dealers. According to the broker, cement manufacturers have indicated price increases of around Rs 35 per bag in the Eastern markets. Other regions like […]
India’s two-decade long efforts to offer itself as an alternative to China in electronics manufacturing is finally finding success, thanks to a variety of global and local developments
The car dealership chain said it also expects sales Mercedes Benz to accelerate, and that it has started operations for MG Motor in Madhya Pradesh
Kotak Institutional Equities has reiterated its sell rating on diversified metals & mining company Vedanta Ltd, citing significant leverage concerns for the parent Vedanta Resources Ltd (VRL). In a note on Tuesday, Kotak trimmed the fair value estimate for Vedanta to Rs 200 per share from Rs 215 earlier. The stock is trading at around […]
Kotak Institutional Equities has laid out a cautiously optimistic view on emerging market (EM) equities in its latest strategy report, arguing that select countries could benefit from favorable demographics and improving economic fundamentals. However, EMs will need to manage risks from democracy and disruption to realize their long-term potential. India will hold a pivotal position […]
India’s manufacturing and services sector activity continued to expand at a robust pace in August 2022, as per the latest Purchasing Managers’ Index (PMI) data. The manufacturing PMI rose to 58.6 in August from 57.7 in July, while the services PMI moderated slightly to 60.1 from 62.3 in the previous month. Nevertheless, the strong PMI […]
A new report by Kotak Institutional Equities suggests that investors may be underestimating the threat posed by generic drugs to the ‘branded generics’ business of leading Indian pharmaceutical companies. The report highlights that current implied valuations of around 30-40x FY2025 EPS for most major pharma firms assume a relatively benign 10-11% growth in the Indian […]
As India prepares for its next general elections in mid-2024, the biggest question is whether Prime Minister Narendra Modi will secure a third consecutive term at the helm, or whether the new INDIA alliance will ride a way of anti-incumbency sentiments to power. According to recent research reports by prominent brokerage houses Jefferies and IIFL […]
Maruti Suzuki Ltd, India’s largest auto maker, reported robust numbers for August, as it consolidated its recently acquired status as India’s top SUV maker. The company’s total vehicle sales for August rose 14.5% on the year to 1.89 lakh vehicles, led by strong sales of SUVs. The automaker, which recently launched the much-awaited 4-wheel drive […]
A complete ban on sugar exports next year, as suggested by many news reports, is unlikely, said broker Systematix Institutional Equities in an update on Friday. It was commenting on media reports that the government may impose a ban on sugar exports in the year starting October 2023 to ensure that sugar prices remain sweet […]
Income Tax Department said it has revamped its website, soon after implementing mega changes to the income tax e-filing website, incometax.gov.in. The new website, which will be available on incometaxindia.gov.in, has been designed with a user-friendly interface, value-added features, and new modules, the Central Board of Direct Taxes said. “This website serves as a comprehensive […]
The Center has kept the quantum of rice to be procured in the current monsoon (Kharif) season at roughly the same as last year, while the quantum of millets to be procured has shown an increase. The Food Corporation of India (FCI) and state government agencies are preparing for the procurement of 521.27 lakh metric […]
As India prepares for its next general elections scheduled to be held in early 2024, all eyes are on Prime Minister Narendra Modi and whether he will secure a third consecutive term. Riding high on his continued popularity, Modi remains the frontrunner for 2024. However, he faces some emerging challenges that could complicate his re-election […]
The upcoming 2024 general elections in India have major implications for infrastructure, capital goods and construction sector stocks in the country. The infrastructure and housing segments are key areas that will likely see policy action and initiatives to support economic growth in the run-up to elections. Infrastructure Spending Push The ruling BJP is expected to […]
Honda Motorcycle & Scooter today launched what is perhaps among the most awaited motorcycle in the last several weeks — the 2023 model of the Honda Unicorn. Priced at around the 1.25 lakh mark, Honda Unicorn is arguably the most well-loved and respected ‘mass market’ motorcycle in the country, and has made a strong reputation […]
The three main state-owned oil refining and marketing companies have so far lost $2.25 bn (Rs 17,000 cr) due to the freeze on petrol and diesel price imposed by the government ahead of state elections in Uttar Pradesh, Punjab and Goa, according to a report by Moody’s. The rating agency pointed out that Indians are […]
The relentless selling of stocks by foreign institutional investors or FIIs is likely to ‘taper off’ by the end of the current month, according to an analysis of FII fund flows into India by Maximus Securities Research. “The FII selling is expected to taper off by end of March’22, After which we expect normal market […]
ICICI Bank is emerging as a strong challenger for long-time leader HDFC Bank in India’s credit card market, thanks to strong take-up for its co-branded card with Amazon, according to an analysis of RBI’s January numbers. ICICI Bank accounted for 2.41 lakh of the 13 lakh new credit cards added in January 2022. With this, […]
