Devangshu Datta
 "Devangshu Datta")
Devangshu Datta
Devangshu Datta, an internationally rated chess and bridge player, is a seasoned writer and columnist with extensive experience covering diverse topics such as finance, technology, science, and sports. Known for his analytical approach and clear writing style, Datta has contributed to several leading publications, including Business Standard, The Economic Times, The Telegraph, and Outlook. He also serves on the editorial board of Business Standard.
Devangshu Datta, an internationally rated chess and bridge player, is a seasoned writer and columnist with extensive experience covering diverse topics such as finance, technology, science, and sports. Known for his analytical approach and clear writing style, Datta has contributed to several leading publications, including Business Standard, The Economic Times, The Telegraph, and Outlook. He also serves on the editorial board of Business Standard.
Page 8 - Devangshu Datta
Pickup in digital margins could help Tata Communications stock rerate
Analysts calculate that data revenue of ₹27,300 crore in FY28 is possible, given growth in digital portfolio due to megatrends like cloud, AI, IoT etc
 "Pickup in digital margins could help Tata Communications stock rerate")
Power utilities: Valuations down on likely dim show in first half of FY26
NTPC Green's acquisition of Ayana (2.1 GW) and JSW Energy's KSK Mahanadi buy (1.8 GW) helped meet capacity addition targets
 "Power utilities: Valuations down on likely dim show in first half of FY26")
Cement industry eyes demand revival amid looming capacity surplus
The lagged impact of fuel price increases of Rs 50-100 per ton during January-April'25 will be seen in H1FY26 given inventory, with higher exposure to petcoke usage impacted more
 "Cement industry eyes demand revival amid looming capacity surplus")
Margins likely to improve for city gas distribution majors on price cuts
LNG prices may remain muted over the next 3-4 years due to new LNG capacity and bearish crude oil trends
 "Margins likely to improve for city gas distribution majors on price cuts")
Strong order visibility likely to help shipyard stocks sail faster
The DAC plans to order three Kalvari-class submarines with Mazagon Docks (MDL) on a nominated basis in FY26 at an order value of Rs 36,000 crore
 "Strong order visibility likely to help shipyard stocks sail faster")
Nykaa's growth prospects are adequately captured in its stock price
Nykaa posted strong BPC performance in Q4 FY25, but regulatory risks and intense competition may slow margin expansion, with analysts seeing limited upside in its stock
 "Nykaa's growth prospects are adequately captured in its stock price")
Crude oil price drop likely to result in earnings downgrade for ONGC
Crude oil production was flat quarter-on-quarter (Q-o-Q) and year-on-year (Y-o-Y), while gas production was flat Q-o-Q but declined 6 per cent Y-o-Y
 "Crude oil price drop likely to result in earnings downgrade for ONGC")
The growing power of geolocation crosses over into conflict zones
Geolocation is a classic example of technology with multiple applications. Amazon, Blinkit, Swiggy, Uber, Lyft, and Google, among others, use it to locate obscure places
 "The growing power of geolocation crosses over into conflict zones")
Cummins India's growth engines should continue to deliver in FY26
Despite modest Q4 revenue growth, Cummins India expects double-digit growth in FY26 on the back of robust domestic demand, CPCB 4+ tailwinds, and export recovery
 "Cummins India's growth engines should continue to deliver in FY26")
Realisation worries, capital expenditure likely to hit NMDC stock
In Q4FY25, volume growth picked up. NMDC implemented price hikes in FY25. In future, volume pick-up and stable realizations will be key
 "Realisation worries, capital expenditure likely to hit NMDC stock")
Growth, lower valuations to drive gains in LIC stock in near term
The VNB margin expanded 80 basis points Y-o-Y to 17.6 per cent at end FY25. The VNB margin expansion is primarily on account of focus towards the profitable non-par products
 "Growth, lower valuations to drive gains in LIC stock in near term")
Slow capacity addition likely to weigh on NTPC's growth prospects
Consolidated revenue for FY25 came in at Rs 1,88,100 crore (up 5 per cent Y-o-Y) while net profit stood at Rs 23,950 crore (up 12 per cent)
 "Slow capacity addition likely to weigh on NTPC's growth prospects")
ITC's gains depend on margin recovery and revival in FMCG segment
ITC's Q4FY25 net profit rose 0.8 per cent on strong cigarette volumes but pressure in FMCG and paperboards hit margins, with rural demand holding the key
 "ITC's gains depend on margin recovery and revival in FMCG segment")
Capex momentum likely to improve for Power Grid Corporation of India
Record project wins were also reported with ₹92,000 crore, and works-on-hand is ₹1.55 trillion. The management hopes capex improvement will translate to asset capitalisation of ₹28,000 crore in FY26
 "Capex momentum likely to improve for Power Grid Corporation of India")
Malur Ramasamy Srinivasan: A nuclear scientist who advocated disarmament
After the first peaceful nuclear explosion at Pokhran in 1974, Srinivasan was one of the small group of scientists and technocrats who ensured that the country's nuclear sector achieved self-reliance
 "Malur Ramasamy Srinivasan: A nuclear scientist who advocated disarmament")
Jayant Vishnu Narlikar: A contrarian cosmologist and his worldview
He wrote alternative what-if histories, explained difficult scientific theories with funny analogies, and leavened his lectures with jokes and humorous asides
 "Jayant Vishnu Narlikar: A contrarian cosmologist and his worldview")
Despite short-term concerns, brokerages remain bullish on Hindalco
Upstream aluminium revenue stood at Rs 10,300 crore in Q4FY25 (up 22 per cent YoY), led by higher aluminium prices
 "Despite short-term concerns, brokerages remain bullish on Hindalco")
Loan growth, margin worries likely to weigh on LIC Housing Finance
The Q4 net operating income declined 3 per cent Y-o-Y to ₹2,170 crore with a net interest margin (NIM) expansion of 15 basis points quarter-on-quarter (Q-o-Q)
 "Loan growth, margin worries likely to weigh on LIC Housing Finance")
Guidance, stock rally may keep Hindustan Aeronautics under pressure
HAL reported a decent set of numbers in Q4FY25, with revenue at ₹13,700 crore (down 7 per cent Y-o-Y). The operating profit dipped 10 per cent Y-o-Y to ₹5,290 crore
 "Guidance, stock rally may keep Hindustan Aeronautics under pressure")
Policy lessons from data gaps in Covid death toll and Maha Kumbh mumbers
Newly released data implies that the health care system coped very badly. The likely under-allocation of resources due to undercounting suggests it may also cope poorly in the next major health crisis
 "Policy lessons from data gaps in Covid death toll and Maha Kumbh mumbers")
