Page 7 - Indian Market

Challenges galore for Foxconn's ambitious expansion plans in India

Firm expects the electronic manufacturing services market to boom

Markets gain for a fourth consecutive day; Sensex ends 385 points higher

The Sensex increased by 385 points, or 0.6 per cent, to close at 66,266, its highest since 9 August

Are equity markets pricing in rupee weakness and related risks?

Analysts say equity markets will begin baking in the negatives and weakness in the rupee if the US Fed chief Jerome Powell delivers a hawkish commentary at Jackson Hole later this week

Top headlines: SBI beats RIL, becomes most profitable firm, and more

Business Standard brings you the top headlines at this hour

Markets gain after 3 days of losses, HDFC Bank, RIL account for half gains

Sensex, Nifty50 post 2nd weekly loss, gains for mid and small-caps

Poonawalla Fincorp Q1FY24 result: PAT grows 62% YoY at Rs 200 crore

Gross non-performing assets have also decreased by 1.42%, showing a YoY decline of 126 basis points

Momentum in Indian realty market hasn't slowed in past 10 yrs: BCD group MD

In a Q&A, Angad Singh Bedi talks about this entry into the business of stressed assets, and his rental project for the elderly, among other things

Coal India offer for sale: Institutional part subscribed 1.6 times

Rs 4,160-cr OFS sees bids worth Rs 6,500 cr, stock falls

US-based firm Ahead enters India; to hire over 750 employees by 2025

Chicago-based enterprise Ahead on Wednesday announced its entry into the Indian market with its first service delivery office in Gurugram and is planning to hire over 750 employees in the country by 2025. "We are thrilled about the opportunities India presents for both our clients and our team. We plan to hire 750+ employees in India by 2025 across levels. This important step is a testament to our commitment to delivering impactful results to our clients, and we look forward to continuing to innovate and grow in the Indian market," Ahead India Vice President and Managing Director Praveen Grover said in a statement. The hiring will be across levels for data analysts, data engineers, cloud security analysts, cloud network engineers, operations, marketing and HR personnel in India. By the end of 2024, Ahead India aims to employ hundreds of associates and further strengthen its presence in the region. The company will focus on supporting the growth of its managed services, digital ...

India's new trade policy: Blinded by local market, a dry recitation of laws

India's trade policy remains blinded by its huge domestic market. This was underlined last week when the govt released its latest trade policy - three years late

TMS Ep403: Covid-19, dismantling Big5, markets, reusable launch vehicle

Is India staring at another Covid-19 wave? Should large groups like Adani and Reliance be dismantled? Will Covid-19 fears spook the market again? What is a reusable launch vehicle? All answers here

After worst streak in 22 years, India's $3 trn mkt positioned for a rebound

After outperforming over the past two years, Indian stocks are Asia's worst performers in 2023 amid concerns over monetary policy tightening and weak sentiment due to value erosion at the Adani Group

Is premium category a saving grace for India's shrinking smartphone market?

While global smartphone sales, including in India, are declining, the premium category smartphones are picking up pace and are seen as a saving grace for the country's overall shrinking market

Credit Suisse crisis likely to make rich Indians wary of wealth managers

"In the past 15 years or so, many multinational financial institutions have come and exited Indian markets and the latest incident was making wealthy investors nervous"

India is a key country for our regional strategy: Ivanhoe Cambridge MD

India is a key country for our regional strategy as we aim at steady growth in the Asia-Pacific region, says Chanakya Chakravarthi, MD, Ivanhoe Cambridge

Sebi proposes change in governance norms to give more power to shareholders

Such rights are against the fundamental principles of corporate governance and shareholder democracy, according to the regulator

Decoded: What is index rebalancing, and how does it impact stocks?

Key index providers such as MSCI, FTSE, and the homegrown Nifty undergo quarterly, or semi-annual rejig of their indices. Read more to find out what it means and how it affects stocks

Despite a poor start, we like Indian market: Julius Baer's Mark Matthews

"The Hindenburg-Adani Group affair will eventually become yesterday's news, and the market will focus on the fact that India does have strong earnings growth this year"

Adani hires Grant Thornton for audits after Hindenburg fallout: Report

The appointment marks the first major effort by Adani Group to defend itself in the wake of a Jan. 24 report by Hindenburg that accused it of improper use of offshore tax havens and stock manipulation

Symphony Ltd consolidated Q3FY23 PAT jumps 86% y-o-y to Rs 39 crores

Air cooler and appliances maker Symphony on Wednesday reported 85.71 per cent jump in consolidated net profit at Rs 39 crore for the third quarter ended December 2022. The company had logged a net profit of Rs 21 crore in October-December period a year ago, Symphony said in a regulatory filing. Revenue from operations rose 35.12 per cent to Rs 277 crore during the quarter under review against Rs 205 crore in the year-ago period. This was led by robust off-season sales and quite positive and buoyant trade sentiment during the quarter, Symphony said in its earnings statement. The company's revenue from the Indian market was at Rs 198 crore, while the global markets contributed Rs 79 crore. Total expenses in the quarter were Rs 243 crore, up 32.06 per cent as compared to the year-ago period. Symphony also said its board, in a meeting held on Wednesday, approved a share buyback of Rs 200 crore, buying back up to 10,00,000 equity shares at Rs 2,000 per scrip, subject to shareholders'