Economic Times Expert Views
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We are focusing on North India for gold loans: VP Nandakumar, Manappuram Finance
VP Nandakumar, MD & CEO, Manappuram Finance, saysthere was a tonnage growth of about 11% in gold loans but the volume growth was higher. The rise in gold prices also helped the company attain 63% profit growth.
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Management commentary,not numbers, important for Bajaj twins: Devang Mehta, Centrum Wealth
If there is evidence of the economy improving, then Bajaj Finance probably would be improving a little more faster and management will sound a little bit more confident, says Devang Mehta, Head, EquityAdvisory, Centrum Wealth Management.
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Volatility in Indian and global markets up irrespective of virus scare: Amit Khurana, Dolat Capital
The only apprehension about the virus scare is what impact does it have on the Q1 earnings for the broader Asian economies in terms of growth patterns, says Amit Khurana, Head of Equities. Dolat Capital.
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Look at infrastructure sector with practicality, not sympathy: Dinanath Dubhashi, L&T Finance
L&T Finance CEO Dinanath Dubhashi says data analytics and artificial intelligence is taking over the world of finance and if lenders keep sticking to old methods they will become dinosaurs.
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Buy SBI on dips, avoid aviation for now: Deepak Shenoy, Capital Mind
Deepak Shenoy, Founder, Capital Mind, says IT remains a cash-heavy strong balance sheet part of portfolio like FMCG. But IT is a lot less expensive than FMCG.
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Very little scope for disappointment as we get closer to Budget: Nitin Raheja
Nitin Raheja, Co-Founder, AQF Advisors, says January has been a very good month running up to the Budget with midcaps and the broader market bouncing back.
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Brent crude has support at around $57.50-58: Jonathan Barratt
Jonathan Barratt, CIO, Probis Securities says base metal and oil prices have come under a lot of pressure following the coronavirus scare.
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It may be time for a socially funded and entrepreneurially-driven approach: VS Parthasarathy, M&M
VS Parthasarathy, Group CFO, M&M, says socially funded means 20 private equity foreign funds, government institutions, public sector put together Rs 2,000 crore each into a fund which can be invested in stressed companies.
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Auto sector needs sops to reverse structured degrowth: SIAM president
Rajan Wadhera, President, SIAM points out that in the past also, the government has extended support in 2009 and 2014 at times of degrowth.Also, we are hopeful that the finance minister will consider giving more money to people by reducing the income tax rates in the Budget.
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Recovery in oil prices may not be as quick and steep as the downslide: Vandana Hari
Vandana Hari, Founder & CEO, Vanda Insights, says one should keep a very close eye on whether we see a plateauing of the infections and casualties from Coronavirus spread as that might be a turning point for the oil markets.
ET Stocks
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Coronavirus impact: As markets bleed, a few stocks rally 4-5 times
Coronavirus impact: As markets bleed, a few stocks rally 4-5 times
Japanese firm Azearth, which is engaged in protective clothing, has rallied 139 per cent.
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Stock market update: Sugar stocks trade higher; Mawana Sugars climbs 6%
Stock market update: Sugar stocks trade higher; Mawana Sugars climbs 6%
The NSE Nifty50 index was trading 101.65 points up at 12157.45.
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Stock market update: Cement stocks mixed; Saurashtra Cement jumps 4%
Stock market update: Cement stocks mixed; Saurashtra Cement jumps 4%
The NSE Nifty50 index was trading 97.45 points up at 12153.25
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Share market update: PSU shares rise; SAIL up over 2%
Share market update: PSU shares rise; SAIL up over 2%
TheNifty PSEindex was trading0.88per centupat3145.8.
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Share market update: Infra stocks gain; RInfra climbs 5%
Share market update: Infra stocks gain; RInfra climbs 5%
TheNifty Infrastructureindex was trading0.61per centupat3337.8.
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Share market update: Nifty Financial Services index up; M&M Finance climbs 4%
Share market update: Nifty Financial Services index up; M&M Finance climbs 4%
TheNifty Financial Servicesindex was trading0.81per centupat14388.8.
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Bid to boost farm credit: Regional Rural Banks may get fresh capital
Bid to boost farm credit: Regional Rural Banks may get fresh capital
Rs 10,000-15,000 crore may be provided to the banks over a span of five years.
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Reliance Power drops 3% as YES Bank sells shares in bulk deal
Reliance Power drops 3% as YES Bank sells shares in bulk deal
The stock is one of the biggest wealth destroyers in the last one year, down 93 per cent.
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Share market update: Media shares mixed; Balaji Telefilms jumps 5%
Share market update: Media shares mixed; Balaji Telefilms jumps 5%
TheNifty Mediaindex was trading0.18per centupat1864.4.
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Share market update: BSE Capital Goods index up; BHEL rises 3%
Share market update: BSE Capital Goods index up; BHEL rises 3%
TheS&P BSE Capital Goodsindex was trading0.91per centupat17612.95.
ET Companies
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Companies issuing travel advisories: Corona clouds on China cos in India
Companies issuing travel advisories: Corona clouds on China cos in India
The biggest concern, SIAM officials said, is that the expo will be open to general public from February 6. And that their questions to the ministry will include whether, given the considerable Chinese presence, there should be additional checks like[…]
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ED summons Edelweiss COO in 'pulses price rigging' case
ED summons Edelweiss COO in 'pulses price rigging' case
ED’s case stems from a report prepared by the Income Tax department which found instances of manipulation of chana contracts in the commodities market Edelweiss refused to comment on the development. The group had shut down its international commodities operations[…]
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Twitter war turns uglier between Realme and Xiaomi in India
Twitter war turns uglier between Realme and Xiaomi in India
A Twitter war between rival Chinese smartphone makers Xiaomi and Realme escalated with the latter’s India CEO Madhav Sheth accusing the country’s top smartphone brand of 'mud-slinging on social media' and Xiaomi’s spin-off brand Poco India general manager C Manmohan[…]
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Corporates cut back on business with Oyo because of service, quality issues
Corporates cut back on business with Oyo because of service, quality issues
Owing to multiple issues hovering around Oyo Hotels & Homes ranging from safety and security of women to service and quality issues, several companies including L&T Infotech, Vodafone Idea, TCS and others have cut back on their business with Softbank-powered[…]
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Oyo gives B-schools a miss amid company rejig
Oyo gives B-schools a miss amid company rejig
The SoftBank-backed hospitality chain, which is under pressure to rein in costs and streamline operations, has/will be giving most Bschools, including IIM Bangalore, IIM Calcutta, IIM Kozhikode and SPJIMR where it was a recruiter last year, a miss during final[…]
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India Inc has a boardroom problem
India Inc has a boardroom problem
As GoI mandates stricter parameters for hiring and potential candidates get more careful about companies they want to join, boards across the corporate spectrum are struggling to hire independent members.
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India Inc should avoid pushback on corporate governance, says Sinha
India Inc should avoid pushback on corporate governance, says Sinha
Sinha said there are too many members at the Financial Stability and Development Council (FSDC), headed by the finance minister, which is preventing decisions to be taken.
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At 98%, Indians most open to workplace automation
At 98%, Indians most open to workplace automation
Despite bots and other workplace automation tools making Indian workforce nervous about their job security, almost 80% of the country's professionals want their routine tasks to be automated, compared to a global average of 51%.
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Ex-Citi India Boss Pramit Jhaveri tipped to board Tata Trusts
Ex-Citi India Boss Pramit Jhaveri tipped to board Tata Trusts
Pramit Jhaveri, reputed for turning around Citi India, may join Sir Dorabji Tata Trust.
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Huge opportunity for Indian SaaS companies make investors bullish
Huge opportunity for Indian SaaS companies make investors bullish
The two-day event that was held on the outskirts of Chennai saw more than 500 companies and over 50 investors attending the event and was sponsored by VC firms like Tiger Global, Accel, and Sequoia.
