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 | Madhukar Sabnavis: The laws of creativity |
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| A party spokesperson defended his leader’s obsession with building statues of her own with the explanation that it was just a “permanent poster”. The ostentation of constructing a big garden to celebrate a particular community was explained away by comparing it to the Taj Mahal. When the Taj was made, it too may have been seen as the extravagance of the king but today it is seen as a memorial to eternal love. |
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| India Inc's sales growth rate at 10-qtr low |
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| The fourth-quarter sales growth at 10.3 per cent for manufacturing and software services companies (excluding oil marketing companies, refineries and banks) confirm a demand slowdown for India Inc. |
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| Tata Motors: Margin, volume concerns can cap upside |
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| Buoyed by emerging market sales at Jaguar Land Rover (JLR) and a one-off deferred tax credit, Tata Motors’ consolidated profit for the March quarter surged 136 per cent y-o-y to Rs 6,234 crore. Adjusted for deferred taxes, profits jumped 70 per cent to Rs 4,500 crore, higher than the Rs 4,270-crore estimates. Aided by a 29 per cent rise in JLR volumes, consolidated sales, at Rs 50,000 crore, were also up 44 per cent. |
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| Want to work with us? Open life history |
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| Siemens has recently introduced deep background verification of candidates who have been given offers in India. |
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| No clear skies yet for Jet Airways |
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| Despite high load factor and fare rise, Jet Airways’ profits slipped on higher fuel cost, a depreciating rupee and high interest costs. India’s largest airline company, which saw its market share inch up to 29 per cent, also saw its consolidated loss rise to Rs 354 crore in the March quarter, as compared with Rs 188 crore in the year-ago quarter and Rs 122 crore in the December quarter. Fuel costs were up 40 per cent year-on-year and 4.2 per cent sequentially, compared to a 25 per cent and 2.4 per cent rise in revenues, respectively. |
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| Wockhardt: Scaling new highs |
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| At a time when equities, currencies and commodities are losing ground, Wockhardt’s stock has delivered amazing returns which are praiseworthy given that, not long ago, the company was in the doldrums. On Thursday, the stock scaled to its all-time high of Rs 825 on the Bombay Stock Exchange before closing at Rs 787.4. Since the beginning of 2012, it has gained 180 per cent, including 18 per cent over the past three days. |
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| Testing times ahead for BHEL |
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| Despite better-than-expected results posted by engineering giant BHEL, analysts do not see any major respite for its share price. This is because structural issues in terms of slowdown in new orders, pricing pressure, increasing competition and oversupply in the industry remain. These will keep the pressure not just on growth in revenue, but also on earnings. Part of this is already reflecting in its financial performance. |
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| Weak outlook for Nalco |
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| Nalco’s stock has seen high volatility during FY12, trading between 52-week high of Rs 94 (June 2, 2011) and 52-week low of Rs 48 (November 24). While international aluminium prices have been under pressure due to the global crisis, lack of backward integration (coal) added to the woes. Coal availability in India has not been good, and imports are also proving costly despite the decline in global prices, thanks to the rupee’s depreciation. The company was forced to close 120 of its 930 pots due to non-availability of coal during the September 2011 quarter, which have not restarted yet. It hopes to restart these after coal availability improves and aluminium prices support profitability. |
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| Indian MNCs get robust |
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| The robustness of an economy is partly reflected in the health and standing of its multinational or transnational companies. This, in turn, reveals the relative strength of its different industries and the prowess of leading corporate entities. The Indian School of Business, in co-operation with a Brazilian counterpart, has constructed a transnational index to rank Indian multinationals and thereby gain available insights. |
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| L&T ends Q4 on a positive note |
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| Larsen & Toubro (L&T) surprised the market positively with its revenue and profit performance in the fourth quarter. The Street was expecting the company to exit the financial year with a profit after tax of Rs 1,657 crore. Instead, net profit grew 24.8 per cent to Rs 1,877 crore, much ahead of a 21 per cent year-on-year growth in revenues. Analysts attribute this strong revenue growth to good execution. Not surprisingly, L&T’s shares gained two per cent on Monday. |
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