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Showing posts from February, 2024

It is the end of an era at Starbucks

Howard Schultz didn’t start Starbucks, but he built it into the company it is today. And in him, we saw how the best and worst parts of founders and longtime CEOs are often one in the same. Everything is personal for them. They inject a company with passion and dedication, but that also can mean they make decisions using emotion rather than reason. So for Schultz, the arrival of the union was deeply personal. He believed that only badly behaved companies needed unions to protect their workers; in his mind, Starbucks was not that kind of a company, and he was not that kind of a CEO from Moneycontrol Business News https://ift.tt/Cdo3FP0

India and Taliban: The strategic sense in doing business with the government in Afghanistan

A team of technical experts that New Delhi recently flew into Herat to inspect the Salma dam that Indian painstakingly built is suggestive of India’s intent to constructively engage with Afghanistan to protect national interests from Moneycontrol Business News https://ift.tt/aM4wsYg

Manappuram Finance: Who should own this stock?

Proposed microfinance IPO and reasonable valuation could be a big draw for risk-takers from Moneycontrol Business News https://ift.tt/4m89XdM

Top India Airlines optimistic on deliveries despite supply woes

IndiGo, which has a backlog of almost 1,000 single-aisle Airbus jets, is predicting it will take one new plane each week and is implementing measures to mitigate disruptions. from Moneycontrol Business News https://ift.tt/fBOFvQw

Country Garden faces liquidation petition in new blow to China property sector

Country Garden said in a regulatory filing to the Hong Kong Stock Exchange it would "resolutely" oppose the petition, which was filed by a creditor, Ever Credit Limited, a unit of Kingboard Holdings. A court hearing had been set for May 17. from Moneycontrol Business News https://ift.tt/VNjU068

US FDA to boost inspections of drug manufacturing units in India

The FDA conducted more than 200 inspections in 2023 in India, picking up after a lull in unannounced inspections during the pandemic. from Moneycontrol Business News https://ift.tt/Vk086Cz

NCLT approves Hinduja Group firm IndusInd International Holdings#39; resolution plan for Reliance Capital

The Mumbai bench of the NCLT approved the plan submitted by IIHL (IndusInd International Holdings Limited) in June 2023 in the second round of bidding for the debt-laden company. from Moneycontrol Business News https://ift.tt/3rfu8mG

Invoking Sixth Sense and its role in business investing

Having been taught to mistrust our bodies, to mistrust our intuition, to mistrust any information that is not analytical, we are now cut off from the feminine core of our intelligence—the belly brain. Instead, we live, think, feel, and experience from a head-based, masculine perspective, which is hugely distorting from Moneycontrol Business News https://ift.tt/JS3ePwG

Indian hotel industry to report 7 to 9% revenue growth in FY25: ICRA

ICRA said that sustenance of domestic leisure travel, demand for meetings, incentives, conference and exhibitions (MICE) are the factors which will drive demand in the next financial year, despite a temporary lull during the ensuing general elections. from Moneycontrol Business News https://ift.tt/ySbDNFv

Gensol Engineering bags two solar project orders worth Rs 337 crore

The contracts cover design, engineering, procurement, construction, and commissioning services, with modules as free-issue items, Gensol Engineering said in an exchange filing. from Moneycontrol Business News https://ift.tt/cravhUk

Sun Pharma, Lupin, Alkem recall products from US market

Sun Pharma is recalling 54,960 bottles of Mesalamine Extended-Release Capsules, an anti-inflammatory medicine used to treat a type of bowel disease known as ulcerative colitis from Moneycontrol Business News https://ift.tt/GHqNE7t

Electric bike-sharing platform Yulu Bikes raises $19.25-million capital in equity funding

The capital infusion will enable Yulu to maintain its growth streak and will strengthen its market leadership as it expands its reach in terms of vehicles, operational locations, and product and technology innovation to keep up with the rise in demand from users, the company said in a statement. from Moneycontrol Business News https://ift.tt/8MB1otW

IKEA to close its store at Mumbai R City Mall by mid-2024

Spread across 70,000 square feet, the store was opened in June 2022 and offers a limited selection of IKEA goods, the statement said. from Moneycontrol Business News https://ift.tt/CqenME9

Infosys CEO Salil Parekh joins USISPF Board

An industry veteran with nearly three decades in the IT services industry, executing business turnarounds and managing successful acquisitions, Parekh in his capacity as Infosys CEO sets the strategic direction of one of India#39;s most notable IT giants, while nurturing a strong leadership team to drive its execution. from Moneycontrol Business News https://ift.tt/ecRayQL

SpiceJet raises additional Rs 316 crore, total funds reach Rs 1,060 crore

The fresh capital infusion in the struggling airline comes amid its recent announcement of slashing its workforce by 10-15 per cent. from Moneycontrol Business News https://ift.tt/fO0G2ce

Google to make Pixel smartphones in India by next quarter: Reports

Google would start manufacturing smartphones in India and its flagship Pixel 8 will be available in 2024, it said last October, as it focuses more on a key growth market. from Moneycontrol Business News https://ift.tt/oATyEwF

India regulator uncovers $241 million accounting issue at Zee: Report

The amount found missing is not final and may change after Sebi reviews the responses from the company executives, the people said. from Moneycontrol Business News https://ift.tt/ySR31rg

Marketing Musings: What is the secret sauce of international brands in FB and hospitality businesses?

Every consumer touch point is thought through from the point of view of experience. All this is reduced to standard operating processes - with almost military precision. All this is executed through rigorous training that ensures consistent delivery time after time from Moneycontrol Business News https://ift.tt/LX3Ug9B

India#39;s AI market seen touching $17 billion by 2027, notes Nasscom: BCG report

The growth is seen on the back of an increase in enterprise tech spending, the country#39;s expanding AI talent pool and a rise in AI investments, the two said in a statement ahead of the report#39;s release on Wednesday. from Moneycontrol Business News https://ift.tt/Lt26iuE

India regulator uncovers $241 million accounting issue at Zee

The amount found missing is not final and may change after Sebi reviews the responses from the company executives, the people said. from Moneycontrol Business News https://ift.tt/rPWeUxz

Waaree Renewable Technologies bags 980 MWp solar project worth Rs 991 crore

The new order came from one of the leading renewable energy companies in India, Waaree Renewable Technologies Ltd (Waaree RTL) said in a stock exchange filing. from Moneycontrol Business News https://ift.tt/CWhU8ri

Amazon starts delivery service in Uttarakhand#39;s remote village at 4,500 feet

According to the company, it has become the first and only e-commerce company to deliver packages to Maharishi Ashram at Gajoli, situated at 4,500 feet in the Himalayan mountain range. from Moneycontrol Business News https://ift.tt/LcbvhM3

Juniper Green Energy, Envision tie up to develop 300-MW wind project

As per the partnership, Envision will supply 91 units of EN 156-3.3 MW WTGs (wind turbine generators) and oversee the installation, commissioning and maintenance of all WTGs. from Moneycontrol Business News https://ift.tt/EvIwUfK

Air India Tata Advanced Systems to invest Rs 2,300 crore in Karnataka

Chief Minister Siddaramaiah and Large and Medium Industries Minister M B Patil were among those present at an MoU signing ceremony in this regard here. from Moneycontrol Business News https://ift.tt/yEZBoIX

Safari – Why this suitcase ought to be carried during the investing journey

The luggage maker is expanding capacity and foraying into premium products to cash in on the travel boom from Moneycontrol Business News https://www.moneycontrol.com/news/business/safari-–-why-this-suitcase-ought-to-be-carried-duringinvesting-journey_17462921.html

Adani Group in talks with sovereign funds to raise $2.6 billion: Report

The group, which expects to close the ongoing financial year ending March with Rs 80,000 crore of Ebitda (earnings before interest, tax, depreciation, and amortisation), has held a series of road shows in London, Dubai, and Singapore with potential investors, briefing them about their future growth plans. from Moneycontrol Business News https://ift.tt/YwiXyVv

Dr. Reddy#39;s eyeing to acquire Novartis#39; India arm: Report

Novartis India, a listed entity, is set to undergo an assessment encompassing various aspects, including its parent Novartis AG#39;s 70.68% shareholding. from Moneycontrol Business News https://ift.tt/QAcb6Hl

Temasek divests 1.1% stake in Medanta for Rs 395 crore: Report

Temasek invested about Rs 700 crore in January 2015 to acquire almost 18% stake in the hospital chain from Moneycontrol Business News https://ift.tt/qzmnkNC

Eknath Shinde govt accepts survey report on Maratha reservation

We will be able to implement OBC reservations or any other reservation without causing any harm to the Maratha community, says CM Shinde. from Moneycontrol Business News https://ift.tt/R1nhMwm

IRCTC Q3 FY24 – Valuation running faster than the train

With limited growth opportunity in high-margin internet ticketing, we see modest earnings growth ahead from Moneycontrol Business News https://www.moneycontrol.com/news/business/irctc-q3-fy24-–-valuation-running-faster-thantrain_17454731.html

PSP Projects bags construction order worth Rs 631 crore

The order has been bagged to construct Gati Shakti Vishwavidhyalaya at Vadodara for Rail Vikas Nigam Ltd, the construction firm said in a regulatory filing. from Moneycontrol Business News https://ift.tt/OiYCWuX

Vedanta#39;s parent may sell $1 billion worth shares to GQG

Saddled with $6.4 billion in outstanding debt, including a $4.5 billion payment due by fiscal 2025, Vedanta Resources has been attempting to shore up its finances, including through a recent debt restructuring. from Moneycontrol Business News https://ift.tt/poMDeQG

IndiGo signs financing pact with BOC Aviation for 4 Airbus A320NEO aircraft

The deal has been signed for four Airbus A320NEO aircraft. from Moneycontrol Business News https://ift.tt/fJyvk8m

Zee leaves brokerages bearish with falling ad revenue, failed merger, likely market share loss

Zee#39;s net profit for the quarter ended December 2023 saw a 52 percent drop in profits on a sequential basis from Moneycontrol Business News https://ift.tt/ocYlBuC

India#39;s coal import rises 27% in December

The coal ministry is aiming for zero thermal coal import by FY26. The country#39;s coal import was 18.35 MT in the corresponding month of the previous fiscal, according to data compiled by mjunction services ltd. from Moneycontrol Business News https://ift.tt/pEBxQCs

Vedanta Aluminium launches e-commerce platform

The e-commerce platform will provide buyers with just-in-time delivery, real-time AI-based price discovery, and end-to-end visibility of their purchase, from order placement to delivery. from Moneycontrol Business News https://ift.tt/QGIDyMe

Krsnaa Diagnostics Q3 net profit down 4.4% at Rs 13 crore

Krsnaa Diagnostics#39; Q3 revenue, however, was up 34 percent from the year-ago period at Rs 158.3 crore from Moneycontrol Business News https://ift.tt/ayoKHe4

EaseMy Trip Q3 FY24 – Not easy to defend the premium valuation

The travel portal lost market share in Q3 and profitability was under pressure from Moneycontrol Business News https://www.moneycontrol.com/news/business/easemy-trip-q3-fy24-–-not-easy-to-defendpremium-valuation_17443051.html

Govt examining FDI flow from China in Paytm Payments Services

In November 2020, Paytm Payments Services submitted an application to the RBI seeking a licence to function as a payment aggregator, following the guidelines outlined in the Regulation of Payment Aggregators and Payment Gateways. from Moneycontrol Business News https://ift.tt/sjCdMz8

Israel#39;s Tower proposes $8 billion chip plant in India: Report

Tower, seeking government incentives for its plan, is looking to manufacture 65 nanometre and 40 nanometre chips in India, the report said. from Moneycontrol Business News https://ift.tt/Bd6FUzR

ONGC Q3 Results: Net profit drops 7.9% to Rs 10,748 cr, revenue falls 2.2% YoY

ONGC also declared the second interim dividend of Rs 4.00 per share, which will be paid to eligible shareholders on or before March 10, 2024. from Moneycontrol Business News https://ift.tt/mKc4gOr

Aurobindo Pharma Q3 results: Net profit jumps 90% to Rs 936.2 crore

Earlier, Aurobindo Pharma reported an 85 percent year-on-year rise in consolidated net profit to Rs 757 crore in the July-September quarter from Moneycontrol Business News https://ift.tt/xWnPLBm

Divi#39;s Lab Q3 results: Net profit up 17% to Rs 358 crore

The company reported a profit of Rs 306 crore in the same period last year. from Moneycontrol Business News https://ift.tt/V8ItoUD

Weekly Tactical Pick: Why this IT major is on our radar

IT major has end-to-end capabilities to ride the long-term technology up-cycle from Moneycontrol Business News https://ift.tt/Se0R8LE

Zomato hits 52-week high on positive Q3 show; brokerages bullish on growth prospects, fuels target price hike

Zomato reported a net profit of Rs 138 crore for the October-December period and revenue rose 69 percent year-on-year to Rs 3,288 crore. from Moneycontrol Business News https://ift.tt/lBi7W9v

Cement companies expect demand to remain robust, shrug off slowdown concerns

During Q3, UltraTech, ACC, Ambuja and Shree Cement saw their consolidated net profit soar on the back of healthy demand and lower costs. from Moneycontrol Business News https://ift.tt/qUSDBAX

Microsoft partners with India#39;s Sarvam AI for voice-based genAI tools

Sarvam AI is building genAI models targeting Indic languages and context, it said in a statement, but did not immediately provide financial details of the partnership. from Moneycontrol Business News https://ift.tt/JZUKEPp

IGL looking to set up 19 eyes compressed biogas plants

The firm has signed Memorandum of Understanding (MoU) with two technology partners to set up compressed biogas plants in Delhi, Haryana, Rajasthan and Uttar Pradesh, it said. from Moneycontrol Business News https://ift.tt/uwZ1UaP

Nestle India Q4 show fails to impress. Should you buy, sell or hold?

Nestle India#39;s revenue growth was led by product price hikes, while the gross margin expanded to a 12-quarter high from Moneycontrol Business News https://ift.tt/EArHQ5V

Jindal Power offers $1.68 billion for distressed Indian coal-fired power plant

The company has submitted a financial bid for the KSK Mahanadi plant that is in insolvency proceedings, and which is being eyed by billionaire Gautam Adani#39;s Adani Power and Anil Agarwal#39;s Vedanta Ltd among others, a source aware of the matter said. from Moneycontrol Business News https://ift.tt/KcNZnQE