Podcast appearances and mentions of ashok leyland

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Best podcasts about ashok leyland

Latest podcast episodes about ashok leyland

Daybreak
The government is pushing for e-buses. But private bus operators are not hitching a ride

Daybreak

Play Episode Listen Later Jan 20, 2025 11:55


A bunch of startups are not entering the booming Indian e-bus ecosystem and becoming overnight successes. Just take the case of EKA mobility. Before 2023, EKA was barely a company. It was more the R&D wing of Pinnacle Industries, which is a major manufacturer of seating and interiors for legacy automakers like Tata Motors and Ashok Leyland. But when the government launched the PM E-Drive subsidy back in September, everything changed for Eka Mobility. The five-year-old startup turned into a full-fledged EV manufacturer. Eka Mobility is one among many beneficiaries of the EV wave here in India. But naturally, it does not come without its challenges. Which is why, despite India's e-bus ambitions slowly gaining momentum thanks to government funding, the private sector has barely put its foot on the pedal. Tune in. Daybreak is now on WhatsApp at +918971108379. Text us and tell us what you thought of the episode!Daybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

MarketBuzz
1371: Marketbuzz Podcast with Kanishka Sarkar: Muted open likely despite global rally after Fed rate cut

MarketBuzz

Play Episode Listen Later Nov 8, 2024 3:59


Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 8 -Asian equities climbed this morning after stocks, bonds and commodities all rallied in the US as the Federal Reserve cut interest rates. It remains to be seen whether or not Indian equities will follow suit. The GIFT Nifty was flat this morning, trading at a discount of less than 20 pts, from Nifty Futures Thursday close, indicating a muted start for the Indian market -Yesterday, the Indian markets witnessed profit booking after a huge surge over the last two trading sessions. A 300-point drop after hitting an intraday high of 24,503 may not have pleased the Nifty bulls. The Nifty 50 concluded near 24,200, shedding over a percent from its last close, while Sensex fell 836 points to settle at 79,542. -Today, the Street will react to the FOMC interest rate decision. Traders had about fully priced in a 25-basis point rate cut. -Earnings reactions will be seen from Lupin, NCC, Emami, Lupin, Cochin Shipyard, NHPC, Steel Authority of India, Ircon International that reported results after market hours on Thursday. -Stocks like State Bank of India, Tata Motors, MRF, Ashok Leyland, Equitas Small Finance Bank, CE Info Systems, Bajaj Hindusthan Sugar, India Cements, INOX India, Dreamfolks Services, among others will be reporting results on November 8. -The Federal Reserve did cut its key interest rate last night by a quarter-point in response to the steady decline in the once-high inflation that angered Americans and helped drive Donald Trump's presidential election victory this week. -Overnight in the U.S., the S&P 500 and Nasdaq rose, extending a rally after Donald Trump's victory in the U.S. presidential election and the latest rate cut from the Federal Reserve. This morning, Australian, Japanese, South Korean and Chinese shares all advanced, supporting a second day of gains for a region-wide equity gauge. Treasuries ticked lower in Asia while US equity futures were little changed. -In commodities, gold trimmed some of its advance from Thursday, while oil headed for a weekly gain. Bitcoin was little changed. Tune in to Marketbuzz Podcast for more cues

In Our Defence
How a deal for armoured vehicles from US threatens Make in India | In Our Defence, S02, Ep 28

In Our Defence

Play Episode Listen Later Jun 27, 2024 49:18


India and the United States are progressing in their discussions to collaboratively produce the latest generation of Stryker armoured infantry combat vehicles (ICVs).Initially, the project will involve a limited off-the-shelf acquisition of Strykers through the US Foreign Military Sales program. Subsequent phases will include joint production in India, culminating in the co-development of future versions.Host Dev Goswami and defence expert Shiv Aroor discuss the American Stryker combat vehicles deal and the ICVs' battlefield applications. They raise the larger question: Does India need this deal? With private players like Mahindra, Tata, or Ashok Leyland, couldn't India build something similar, given that the Stryker ICVs have few exemplary specifications? “I am not saying that India can do better than the Stryker right now, but we sure can get close,” says Shiv. They also explore how a deal for armoured vehicles from the US might threaten the 'Make in India' initiative.Moreover, the Canadian aspect of the deal cannot be ignored amid the flared-up diplomatic tensions between India and Canada. How will this be factored in and pan out?Tune in to know more!Produced by Anna PriyadarshiniSound mix by Nitin Rawat

MarketBuzz
1264: Marketbuzz Podcast with Kanishka Sarkar: Exit polls booster likely to push market to record high

MarketBuzz

Play Episode Listen Later Jun 3, 2024 4:41


Welcome to CNBC-TV18's Marketbuzz Podcast, here are all the important cues ahead of the trading session of June 3 -In what is likely to be one of the most interesting sessions of the year or even more, the Gifty Nifty suggests not just a record high for Nifty but a start with gains of more than a whopping 500 points. -Before the final D-Day tomorrow that is the result day of Lok sabha elections 2024, exit polls on Saturday forecast a historic third term for Prime Minister Narendra Modi. The exit poll results were also on similar lines of market anticipation. -Most exit polls released predict a historic third term for Prime Minister Narendra Modi. The Bharatiya Janata Party-led National Democratic Alliance (NDA) is projected to secure more than 350 seats, comfortably crossing the halfway mark in the Lok Sabha. Although it may fall short of the ambitious '400 paar' target -An exit poll conducted by News18 Poll Hub is expecting the National Democratic Alliance (NDA) to win between 355 - 370 seats for the Lok Sabha elections. The Bharatiya Janta Party (BJP) is expected to win between 305 - 315 seats, which is nearly at par or slightly higher than the 303 seats the party won in 2019. -The Nifty had a forgettable last week as investors chose to book profit from record levels and wait for the exit polls outcome by sitting on the sidelines. The index ended 2% lower in the week gone by. Investors lost over ₹8 lakh crore courtesy of the weakness seen last week. However, they might look to recover most of that sooner or later, after the exit poll outcome. -Expert commentary is key to watch today, Prashant Khemka of White Oak Capital believes that the Nifty will be hitting levels of 50,000 in the next five years, which is more than double of where it currently is. Raamdeo Agrawal, Chairman and Co-founder of Motilal Oswal Group, believes this could mark the beginning of a 'higher for longer' market rally, especially if the BJP achieves its '400-paar' target. -Among the sectors that brokerages have bet on that are likely to be the key beneficiaries on the continuation of the current government would be PSUs, railways, defence, and other manufacturing and capex oriented sectors. Raamdeo Agrawal of Motilal Oswal though, expects the banks to emerge as the outperformers. CLSA also prefers larger banks due to the valuation comfort. -Stocks to watch: Hero MotoCorp, Tata Motors, Maruti Suzuki India, TVS Motor, Mahindra & Mahindra, Ashok Leyland, Eicher Motors, Escorts Kubota, defence PSUs, railway stocks, Adani Ports, Canara Bank, Welspun Corp, Aurobindo Pharma, MOIL, Coal India, Ashoka Buildcon, REC, Inox Wind, Aarti Pharmalabs -On the global front, Asia-Pacific stock markets mostly rose Monday ahead of a private survey on China's manufacturing sector. Wall Street futures were calm ahead of the first trading day in June, with the Dow Jones Industrial Average futures up 25 points, or less than 0.1%. S&P 500 futures were flat, and Nasdaq 100 futures were down 0.1%. -Oil extended losses this morning after OPEC+ set out a plan to restore some suspended production as early as October, despite concerns over the demand outlook and robust supply from outside of the group. Tune in to Marketbuzz Podcast for more cues 

MarketBuzz
1258: Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 likely headed for flat start, Hindalco, IndiGo in focus

MarketBuzz

Play Episode Listen Later May 24, 2024 4:01


Welcome to CNBC-TV18's Marketbuzz Podcast. Here are the important cues ahead of the trading session of May 24 -With nearly a fortnight left for the results of Lok Sabha polls, benchmark stock indices Sensex and Nifty zoomed more than 1.6% to close at lifetime high levels, making investors richer by Rs 4.28 lakh crore. -Regaining the 75,000 level, the BSE Sensex ended at an all-time peak of 75,418.04, up by almost 1200 points. The NSE Nifty inched closer to the 23,000 mark during the day. It ended 370 points higher. -The market may have made new records but the VIX has not cooled off in equal proportion. Although the index ended 0.4% lower on Thursday, it remains above the mark of 21 and analysts suggest that it will continue to remain at elevated levels till the results for the Lok Sabha Elections are declared on June 4. -Stocks in focus: Bikaji, JK Lakshmi Cement, Zaggle Prepaid, ITC, Page Industries -Results: Hindalco, Bosch, Torrent Pharma, United Spirits, Ashok Leyland, Glenmark Pharma, Manappuram, Karnataka Bank, Bharat Dynamics -Overnight in the US, the Dow Jones Industrial Average marked its worst session of the year as it slid 1.53%, with aircraft manufacturer Boeing falling 7.6% — the biggest laggard in the index. -The S&P 500 dropped 0.74%, and the Nasdaq Composite  tumbled 0.39%. Earlier in the session, both the broad-market index and the tech-heavy benchmark had hit record highs. -Asian stocks this morning tracked Wall Street lower following activity data that signaled the Federal Reserve may keep rates on hold for most of this year. -In commodities, oil steadied on Friday after slipping in its previous session as traders weighed signs of a weakening physical market ahead of the start of the US summer driving season. Elsewhere, gold held Thursday's loss following the US economic data. -GIFTNifty was in green, trading marginally higher from Nifty Futures Thursday close, indicating a muted but most likely a start in the green for the domestic market. Tune in to Marketbuzz Podcast for more cues

Schbang In It
Inside the Samosa: Arjun Melwani on OG Samosa, Cloud Kitchens & More!

Schbang In It

Play Episode Listen Later May 8, 2024 35:17


In this episode of the Schbang In It Podcast, we sit down with Arjun Melwani, founder of OG Samosa, to discuss the world of cloud kitchens and the evolving landscape of food delivery. Arjun shares his experiences and insights into what led him to pursue a delivery-only kitchen model and how it differs from traditional dining establishments.   Join us as we explore how Arjun navigates the challenges of running a virtual kitchen, from ensuring food quality during delivery to optimising operations and managing costs. We'll also touch on the emerging trends he's noticed in the industry and how he's working to build brand awareness and loyalty without a physical storefront.   Whether you're interested in the rise of cloud kitchens or considering starting your own food delivery brand, this conversation offers valuable perspectives on the future of the food industry. Don't miss this engaging discussion with Arjun Melwani of OG Samosa!   Arjun Melwani's LinkedIn -  https://www.linkedin.com/in/arjun-melwani-1216931b2/    Indraneel Gawde's LinkedIn -  https://www.linkedin.com/in/neel-gawde-a027a196/   #SchbangInIt is now streaming live on Spotify, YouTube & all other major platforms. --------------- Produced By : Mriganka Kumari    Video Team: Ankit Sunil Philip Kannamkulam   Equipment: SK Vision   Design Team: Bhreehan About Us: Schbang, established in 2015, is a Creative, Technology and Media Transformation company with offices across Mumbai,  Bangalore, Delhi-NCR, and London, UK.   With a team of 1000+ members, it delivers growth-driven end-to-end solutions across creative development, strategic advisory, film production, web, design, content, data science, and media planning & buying verticals. It is also a valued Google Premier Partner, Adobe, Hubspot, MoEngage, Shopify, ONDC, and Zoho Premium Partner.   It has featured as a LinkedIn Top 25 start-up in 2018 and 2021 and on Financial Times' 450 High Growth Companies in the Asia Pacific List. In the last few years.   Schbang has created some exciting and award-winning digital work for brands like Jio, Fevicol, Ashok Leyland, Garnier, Cipla,  Asian Paints, Finolex Pipes, Crompton, Philips, Kaya Skin Clinic, London Dairy, Mattel, Xiaomi India, ASUS and many more brands.   Schbang is Founded by: Harshil Karia, Akshay Gurnani, Sohil Karia   Visit our Website: https://www.schbang.com/   Visit SchbangQ's Website: https://www.schbang-q.com/   Follow us on Instagram: https://www.instagram.com/schbang/?hl=en   Apply to work with us at: https://careers.schbang.com/jobs/Careers   Email us your briefs & ideas at bd@schbang.com #CreatingASchbang #SchbangInIt

Moneycontrol Podcast
4170: Monthly F&O expiry, GDP figures, auto sales to guide markets this week | Market Minutes

Moneycontrol Podcast

Play Episode Listen Later Feb 26, 2024 6:13


In this episode of Market Minutes, Lovisha Darad discusses about key factors that will shape market direction this week. After Nifty hit an all-time high of 22,297 on February 23, is the benchmark poised to claim another record high despite higher volatility? Some of the top stocks to watch in trade are Zee Entertainment, Kotak Mahindra Bank, and Ashok Leyland. Also, catch VK Vijayakumar of Geojit Financial Services on Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.

MarketBuzz
1187: Marketbuzz Podcast with Hormaz Fatakia: Sensex, Nifty 50 likely headed for a muted start, PSUs in focus

MarketBuzz

Play Episode Listen Later Feb 6, 2024 2:05


Indian benchmark indices, Sensex and Nifty 50, are likely headed for a muted opening in the trading session of February 6.   In the previous session, Nifty 50 made an intraday high of around 21,960 and corrected almost 200 points from those levels. Public sector companies like SJVN, NHPC, oil marketing companies (OMCs) have also been on the radar and have corrected sharply. Several stocks like Ashok Leyland and Suven Pharma are expected to react to Q3 results. Meanwhile, companies like Britannia, Nykaa, Nazara Tech and Lemon Tree among others will report their quarterly results.  Globally, the handover from Wall Street is weak while Asian markets traded mixed in the morning. The GIFT Nifty is indicating a muted start for the domestic market Tune in to the Marketbuzz Podcast for more cues

Proactive - Interviews for investors
Libertine Holdings now "all about sales" after period of technical focus

Proactive - Interviews for investors

Play Episode Listen Later Dec 19, 2023 4:36


Libertine Holdings PLC (AIM:LIB) chief executive Sam Cockerill speaks to Thomas Warner from Proactive after the linear generator technology developer released its interim results for the six months to 30 September. Cockerill highlights key achievements in the past six months, Cockerill mentions the successful completion of work with Hyliion on the KARNO powertrain using Libertine's HEXAGEN platform. He also notes ongoing collaborations with Ashok Leyland for heavy-duty hybrid powertrain applications. These projects have significantly shaped the company's technology roadmap, focusing on performance and durability improvements for future partnerships set to commence in 2024. Cockerill emphasises the importance of customer insights in guiding Libertine's investments and product development, particularly in aligning their linear generators' performance with the durability, efficiency, and control requirements of upcoming development programs. Addressing shareholder concerns, Cockerill reassured that despite financial constraints, Libertine is in its strongest position regarding technological performance. The first half of the year's investments have convincingly demonstrated their technology's potential to major OEMs, particularly in distributed power generation and transport applications. For 2024, Libertine aims to translate its technical developments into commercial sales and revenue, focusing on ongoing discussions with OEMs and research organisations interested in their platform technology for combustion research applications. Cockerill expresses optimism about these partnerships driving sales and fostering technological advancements. #LibertineHoldings #SamCockerill #ProactiveInterview #LinearGenerators #CleanTechnology #RenewableEnergy #HyliionCollaboration #AshokLeyland #TechnologyRoadmap #HexaGenPlatform #HybridPowertrain #InnovationInEnergy #COP28 #SustainableSolutions #GreenTech #PowerGeneration #TransportationTechnology #CombustionResearch #FutureOfEnergy #CEOInsights #BusinessStrategy #TechDevelopment #Commercialization #ProactiveInvestors #power #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

MarketBuzz
1134: Marketbuzz Podcast with Ekta Batra: Sensex, Nifty 50 set to open higher, Tata Power, Biocon in focus

MarketBuzz

Play Episode Listen Later Nov 9, 2023 1:38


Indian benchmark indices — Sensex and Nifty 50 — are likely to open in green on November 9, after closing with minor gains in the previous session.   In terms of big cues, oil has slipped further to three month lows below $80 per barrel for Brent crude as demand concerns have mounted. US markets closed marginally higher in the overnight session as stocks like Disney reacted positively to quarterly results. Asian peers also traded in the green in morning trade.  Gift Nifty indicates a positive start for the domestic market.  Amid earnings to track are Mahindra and Mahindra, Adani Ports, Apollo Hospital, Ashok Leyland, ABB India and more. Tata Power shares will also be in focus as several analysts have given it a 'sell' call amid collapse in Indo coal profits. Tune in to Marketbuzz Podcast for more cues

MarketBuzz
1076: Marketbuzz Podcast with Reema Tendulkar: Sensex, Nifty 50 likely to open lower on domestic inflation concerns

MarketBuzz

Play Episode Listen Later Aug 16, 2023 5:23


Indian benchmark indices — Sensex and Nifty 50 — are likely to open lower on August 16 following a sharp rise in July domestic inflation. India's GIFT Nifty on the NSE International Exchange was down 0.40 percent at 19,396 at 7:59 am. Nifty 50 is likely to open closer to 19,350 mark. The key level to watch will be the Monday intraday low of 19,257, which coincides with the 50-day moving average of 19,258. Retail inflation rose to a 15-month high of 7.44 percent in July, predominantly due to rising vegetable and cereals prices also dragged sentiment. The figures breached the upper end of the Reserve Bank of India's tolerance band of 2-6 percent for the first time in five months. In the ongoing July-September quarter, the RBI now sees inflation at 6.2 percent, significantly higher than the earlier forecast of 5.2 percent. Meanwhile, Wall Street equities fell overnight after stronger-than-expected retail sales data triggered concerns. Asian markets declined this morning on worries over China's economic recovery a day after the country's central bank unexpectedly cut rates for the second time in three months. Some of the stocks to watch out for include ITC which saw its June quarter profit top estimates on lower costs and better demand. Infosys has signed a $1.64 billion deal with video, broadband, and communications firm Liberty Global to scale digital platforms. Vodafone Idea has secured $240 million to meet payment obligations and has reported a wider June quarter loss on weak 4G subscriber growth. Ashok Leyland has also received board approval to buy a 100 percent stake in OHM Global Mobility, and has said it will invest Rs 3 billion as equity into OHM to operationalise the company. Tune in to the Marketbuzz Podcast for more news and cues ahead of today's session

Audiogyan
Ep. 274 - Designing Trucks with Sathiya Seelan Gangaasalam

Audiogyan

Play Episode Listen Later Jul 19, 2023 52:25


Maa kaa aashirwaad, OK TATA Bye Bye, Hum Do Hamare Do, Mera Bharat Mahan - Sounds familiar? I am talking about the slogans written behind the truck. But we are not going to discuss those, rather the heavy vehicles on which these are written. Yes. Trucks. In 1911, truck designer Charles Martin built a gasoline-powered tractor to pull modified horse-drawn commercial wagons. His most significant innovation, however, was the fifth-wheel coupler. A round plate with a central hole, it attached to the top of tractor frames to connect and support trailers. Trucks are broadly divided into light-duty, medium-duty, and heavy-duty classifications depending on their weight. And in today's episode, we will try and introduce ourselves to how are trucks designed. I am pleased to have Sathiya Seelan Gangaasalam with us on Audiogyan. He is currently Vice President of Design at Ashok Leyland. An industrial designer who has spent over 2 decades designing cars, trucks, busses, and three-wheelers. Sathiya is a Design thinker, mentor, and writer and also a passionate watercolor artist. Questions Can you paint us a landscape of Trucks and truck market in India? Who are the key players, what gets designed, manufactured in India and what's imported and more? Which sectors use Truck the most and for what purpose? What are some of the principles on which a trucks are designed? How do you define success of a good truck design? Do we have further classification of sub categories within light-duty, medium-duty, and heavy-duty trucks? Specially for India? Can you tell us the brief stages involved while designing a truck or a heavy duty vehicle? From idea to hitting the market and evolution? Why do truck manufacturers usually design a new model about every five to seven years? Do we have special differences while designing heavy duty vehicles specifically for India? Do companies spend time designing accessories (Bells and Whistles) for a truck which is mostly meant for work? Tell us a little bit about the cabin - Safety features, Digital displays, Storage, Charging, Button start, sleeping, lights and more Reference Reading https://www.linkedin.com/in/sathiyaseelan-g-4bb95048/?originalSubdomain=in https://www.dsource.in/resource/history-automotive-design-india/top-automotive-designers-india/sathiya-seelan https://www.instagram.com/sathiyaseelangangasalam/?hl=en

Dinis Guarda citiesabc openbusinesscouncil Thought Leadership Interviews
Vijay Goel, Chairman ASSOCHAM UK, Founder Indo-European Business Forum, AP Govt London Representative

Dinis Guarda citiesabc openbusinesscouncil Thought Leadership Interviews

Play Episode Listen Later Jul 19, 2023 51:13


Vijay Goel is a prominent figure in the business and legal communities, renowned for his remarkable achievements and contributions in bridging . He is the founder of the Indo-European Business Forum, an esteemed organisation established in 2007, which serves as a platform for influential business leaders from India and the UK.Vijay Goel BiographyVijay Goel is the the Chairman of ASSOCHAM UK, one of the largest Chambers of Commerce in India and former Chairman of the London Chamber of Commerce Asian Business Association.Mr. Goel also plays a significant role in promoting business collaborations with Africa. He holds the position of Vice Chairman of the Africa International Business Forum, where he contributes to fostering economic ties between African nations and global business communities.Recognized for his expertise and influential contributions, Vijay Goel is a valued member of several advisory groups and committees. He holds a position as a member of The UKTI Global Entrepreneur India Advisory Group, providing valuable insights and guidance for entrepreneurs and businesses looking to expand into the Indian market.Mr. Goel is also an advisor to the Hinduja Group, which is a promoter of companies like Ashok Leyland, IndusInd Bank, and Hinduja Ventures, among others. He was also a Special Advisor to the Commonwealth Business Council (CBC) for investments, an organisation that has top connections in more than 53 countries. A lawyer by background, Mr. Goel has been Working at Singhania & Co for more than 15 years, where he has been advising clients on matters relating to corporate law, and laws relating to joint ventures and foreign collaborations. In one of his deals, his client, a Government of India Company, provided approximately USD 500 million to Reliance for their power project in the year 2009.As a philanthropist, Vijay has been serving as a Local Coordinator for the Government of Andhra Pradesh (India) since April 2016, working towards the growth and development of the region. Mr. Goel has been recognised and honoured with numerous prestigious awards throughout his career. In 2015, he received an award from the Indian Finance Minister, Mr. Arun Jaitley, acknowledging his outstanding contributions. In 2010, he was bestowed the Asian Achievers 'Award for Professional of the Year' by Britain's Minister of State for Justice, Lord Tom McNally, at a ceremony held at Wembley Stadium. Mr. Vijay Goel was honoured with the 'National Law Day Award' in 2009 by Her Excellency, Smt. Pratibha Devi Singh Patil, the then Honourable President of the Republic of India, in recognition of his exemplary contributions to commercial law and strengthening Indo-UK business relations. Moreover, he was awarded the prestigious 'Asian Leadership in Europe' by Asian Who's Who International, further highlighting his significant accomplishments.Learn more about Vijay Goel at https://www.openbusinesscouncil.org/wiki/vijay-goelAbout Dinis Guarda profile and Channelshttps://www.openbusinesscouncil.orghttps://www.intelligenthq.comhttps://www.hedgethink.com/https://www.citiesabc.com/https://openbusinesscouncil.org/wiki/dinis-guardaMore interviews and research videos on Dinis Guarda YouTube

MarketBuzz
1017: Marketbuzz Podcast with Vivek Iyer: Sensex, Nifty 50 likely open higher on improved global cues

MarketBuzz

Play Episode Listen Later May 23, 2023 1:39


Indian equity indices — Sensex and Nifty 50 — are likely to open marginally higher on May 23, after gains in the previous session, as global cues improved on progress in US debt ceiling talks. At 8:11 am, India's NSE stock futures listed on the Singapore Exchange were up 0.15 percent at 18,362.50. Meanwhile, most Wall Street equities closed higher on Monday after debt ceiling talks resumed in the US. The European markets too saw quite a bit of a mix closed. As the quarterly results season nears the end, it must be noted that the January to March 2023 quarter has not been as bad as anticipated by some analysts on the Street. Crude oil prices yesterday gained amidst hopes of better demand forecast towards the second half of this particular year. Brent futures are now trading closer to the $76 a barrel mark. Indian markets saw quite a bit of up move as the Adani group stocks outperformed significantly. IT stocks continued their trend higher, however, Nifty Bank underperformed in yesterday's trading session. Some important queues to watch out for result reactions from BPCL and Shree Cement that declared their numbers post market as yesterday. Ashok Leyland and Dixon Technologies would be declaring the results today. Tune in to Marketbuzz Podcast for more news and cues ahead of today's market session

First Principles
Tarun Mehta of Ather Energy talks about doing hard things, going down multi-year rabbit holes, building companies over 30-40 years, and being chief storyteller

First Principles

Play Episode Listen Later Dec 21, 2022 108:06


Serendipity usually plays a huge role in entrepreneurship. It played an outsized role in Tarun Mehta's journey to founding Ather Energy, easily India's best-known electric scooter maker.When Mehta graduated from IIT Madras, he wanted badly to become a consultant because it was where the money and aura was. But he didn't get a job as a consultant. Then he tried to get into Harvard Business School for an MBA, but that didn't pan out either.Instead, he ended up at Ashok Leyland, a maker of buses and trucks. It took four months after he joined for Mehta to be allocated a computer of his own. During that time, he'd walk around and find a computer belonging to someone who hadn't come to office. Or he'd walk through its sprawling Chennai campus and read books in its library. Of course, his salary wasn't high by any standards.The low salary and lack of any meaningful work allowed Mehta to drift back to the IIT Madras campus he'd graduated from. After convincing a professor of their desire to build battery packs, Mehta and his co-founder Swapnil Jain, moved to an empty hostel room to start building things.Building hard things.That's the origin story of Ather Energy, the company that started out wanting to build battery packs, but ended up doing multi-year deep dives to re-imagine virtually every part of an electric scooter. This stubbornness would bring Ather Energy to the brink of death five times.Today, Ather sells over 10,000 electric scooters in India. Next year, it wants to double that number. And then some more.Tarun speaks at length about his journey to convince investors of his vision; doing hard things that defied common sense; building an organisation over decades; and why it takes at least three years to make a true impact at work.If you'd rather (or perhaps also) read than listen, we have published the full transcript for this interview on our website. You can click here and read through it.If you have any questions, thoughts, suggestions, or tips, please email them to podcasts@the-ken.com. We might not be able to reply to all of them, but we do read every single one of them.

Women Making Impact - India
Swetha Kochchar – Partner at PKC

Women Making Impact - India

Play Episode Listen Later Nov 19, 2022 28:49


With a vision to bring cutting-edge consulting expertise to family-managed businesses in India, Swetha quit her job in McKinsey & Company, where she advised CEOs of conglomerates such as Mahindra Finance, SBI, Ashok Leyland on growth strategies and productivity enhancement and setup PKC Consulting. Over the years, the company provides growth advisory and consulting services to help companies multiple growth. Today, PKC works with over 1500 clients globally including renowned names such as Microsoft, Sundaram Composites, Renault Nissan with a team of 100+ professionals of CAs and MBAs. Their work is focused on 3 broad areas – process consulting & automation, audit & tax advisory. They were the subject-matter experts to the Government of India's Income Tax Portal revamped in 2021. Swetha has won several National Awards including the Entrepreneur of the Year, National Fund Raising Award from HDFC Bank. She was recognized by the Governor of Tamil Nadu as the Inspiring Business Woman of the Year. Swetha is not only a partner of PKC, but also an investor and member of the Chennai Angels, an angel investment group in India. Furthermore, she has delivered keynote addresses at numerous forums, including Madras Chamber of Commerce and Retailers Association of India. Swetha's key objective lies in empowering women in making their own choices.

Shoonya Podcast
Riding to Success with Ather's Tarun Mehta

Shoonya Podcast

Play Episode Play 20 sec Highlight Listen Later Nov 17, 2022 32:00


In the fourth episode of the Shoonya podcast, we have with us Mr. Tarun Mehta, CEO and co-founder of Ather Energy. Tarun grew up in Ahmedabad and graduated from IIT Madras in 2012 where he developed over a dozen prototypes. His core interest being electric vehicles led him to quit his job at Ashok Leyland and build Ather Energy. Today, Ather Energy is driving green transition in India by reimagining sustainable mobility starting with the electric two-wheeler market. Tarun has also served on the ‘Technical Advisory Group for Electric Mobility,' to the Government of India and led the Electric Vehicle group in the Champions of Change program organised by NITI Aayog. Tarun is listed on the Forbes 30 under 30 in 2018 and Fortune 40 under 40 list in 2017 & 2019 for the innovative product that is disrupting the Indian auto industry.This episode is hosted by Ms. Samhita Shiledar, Manager at RMI.Visit: www.shoonya.info

Business Standard Podcast
What should investors do as India looks to shine amid global gloom?

Business Standard Podcast

Play Episode Listen Later Sep 9, 2022 3:32


The sharp recovery from June lows has helped benchmark indices recoup all the year-to-date losses.  The YTD gains for benchmark Nifty50 and Sensex indices now stands at over 1%. In comparison, global peers across the US, Asia and Europe are down in the range of 2% to 42%. Analysts say the one-way rally over the past two months has been triggered by strong foreign portfolio investments, drop in commodity prices, and hopes of less aggressive rate hike by the Reserve Bank of India. They also expect India's relative outperformance to continue as it looks better placed with a healthy economic recovery and remains one of the fastest growing major economies. So, which are the stocks and sectors that should be on your radar? Analysts say investors should start nibbling in stocks with a focus towards the domestic economy-related sectors. Sunil Subramaniam, MD and CEO, Sundaram Mutual says global economy is going through anticipated downturn and India stands out as a shining light. Fall in oil prices ensues positive for the Indian economy.  Focus on Infrastructure, capital goods, building materials. Falling commodity prices to benefit discretionary consumption, automobiles, housing sector. Banks, NBFCs other key beneficiaries.  Nitin Raheja, Executive Director, Head - Discretionary Equities, Julius Baer Wealth Advisors, too, has a similar view. He says, India likely to have one of the highest GDP growth rates globally. This may be driven by financials and domestic consumption. BFSI, real estate, mortgage finance, building materials and hiring businesses doing well.  Among individual stocks analysts say export-oriented themes may give muted returns in the near-term. Thus, one could focus on domestically-focused stocks like L&T, UltraTech Cement, JK Cement, Tata Communication, Indraprastha Gas, GAIL, Brigade Enterprise, Tata Motors, Ashok Leyland, Dabur India, Jyothy Labs, Sapphire Foods, SBI, IndusInd and SBI Card. That said, weak global demand, and uncertainty with respect to global energy situation makes India vulnerable with respect to inflation, current account deficit, corporate profitability and currency.  On Friday, markets will react to the European Central Bank's interest rate decision, and assess US Fed chair Jerome Powell's speech at the Cato Institute's conference. That apart, oil prices, dollar index movement and stock-specific cues will guide the indices.

Business Standard Podcast
Will four-wheeler stocks hit the fast lane in H2 of this fiscal?

Business Standard Podcast

Play Episode Listen Later Aug 24, 2022 3:45


The automobile industry, especially, four-wheelers, is expected to pick up momentum in the coming months as robust demand and easing supply worries lift their prospects. As per analysts, pent-up demand, new launches and increased mobility are among the key factors driving growth.   Patil estimates a 15% year-on-year growth for passenger vehicles in the current fiscal, which could cool down to 12-13% in FY24 on a high base.  Besides, analysts also expect a decent improvement in consolidated profit margins for passenger vehicle makers in FY23 due to the declining prices of key raw materials such as aluminum and steel. Those at JM Financial, for instance, say, “Owing to a 10% correction in steel prices recently, we expect gross margin to be favorably impacted in Q3FY23. Our analysis suggests that a 5% correction in the raw material basket will benefit the EPS by 2-15% for auto and auto ancillary companies." Saji John, Auto Research Analyst, Geojit Financial Services says festive season, normal monsoon, EV adoption to drive volumes. Production levels have normalised amid fall in metal, fuel prices. Remain watchful on inflation, borrowing costs in near-term. On the bourses, shares of four-wheeler companies like Maruti, Ashok Leyland and Mahindra & Mahindra have surged up to 50% so far this year as sales improved amid easing semi-conductor shortages and demand pick-up.  In comparison, the Nifty auto index has gained 18%, while the Nifty50 edged just 1% higher during the period. That said, market mood will be steered by global peers today as investors react to PMI data from across the western countries. In the primary market, Dreamfolks Services' IPO will open for subscription. 

Mint Business News
Dr Reddy's Labs enters into pact with US based Slayback Pharma

Mint Business News

Play Episode Listen Later Aug 1, 2022 3:44


In this episode, find out HDFC raising lending rate by 25 bps, and also find out why Ashok Leyland expects the CV industry to grow at a fast pace in the coming quarters Business Term of the Day: Statutory Liquidity Ratio

Business Standard Podcast
How the economic crisis in Sri Lanka is affecting Indian businesses?

Business Standard Podcast

Play Episode Listen Later Jun 24, 2022 4:22


Sri Lanka is in a crisis. Covid-19 has sent the economy into a tailspin, and it is in free fall now. Its Prime Minister Ranil Wickremesinghe recently said that the country's economy has “collapsed”. The spillover of the crisis has reached Indian shores too. ITC has said that its first foreign venture in the hotel space has been hit. Earlier, the 300-million-dollar project in Colombo saw construction being impacted due to the 2019 terror incidents and then the pandemic. In April, a financial daily had reported that automotive firms like Tata Motors, Mahindra & Mahindra, Ashok Leyland, and TVS Motors had stopped exports of vehicle kits to Sri Lanka and halted production at their Sri Lankan assembly units due to its precarious forex reserves and fuel shortages.   According to an India Briefing note by Dezan Shira & Associates, instability in Sri Lanka could affect Indian Oil, Airtel, Taj Hotels, Dabur, Ashok Leyland, Tata Communications, Asian Paints, and State Bank of India. Meanwhile, Sri Lanka's share in India's total exports has declined from 2.16 per cent in FY15 to just 1.3 per cent in the first 10 months of FY22. India's export to Sri Lanka is now nowhere near the 6.7 billion dollars seen in 2014-15. Till January 2022, it stood at 4.49 billion dollars in FY22.   But there is a silver lining too. Since Sri Lanka has been the world's largest supplier of orthodox tea, calls to Indian planters and exporters from foreign buyers of the commodity are pouring in. Big Sri Lankan importers from Iran, Turkey, Iraq, and Russia are reportedly visiting Kolkata and tea plantations in Assam. As a result, at recent Kolkata auctions, the average price for orthodox leaf saw an increase of up to 41 per cent compared to corresponding sales last year. And, the fuel shortage in Lanka is crippling its apparel sector too. According to the US International Trade Administration, the apparel export industry accounts for about 44% of the country's total exports. Many apparel orders from the UK, EU, and Latin American countries are now being diverted to India. Several orders have been given to companies in Tirupur, the hub of the textile industry in Tamil Nadu. Sri Lanka has been a strategically important partner for India. Even as some of our businesses are hit, and some try to fill the void created by the Sri Lankan crisis, India's assistance in this time of need will only lead to better ties with the island nation that has long been leaning towards the Chinese camp.  

Engineering News Online Audio Articles
Ashok Leyland sets its sights on Southern Africa, appoints ETGL as distributor

Engineering News Online Audio Articles

Play Episode Listen Later May 30, 2022 2:03


Indian truck manufacturer Ashok Leyland has announced a distribution partnership with ETG Logistics (ETGL), which will include ETGL operating Ashok Leyland dealerships in six countries in Southern Africa. The agreement will cover countries such as Zambia, South Africa and Mozambique. ETG is a global conglomerate operating across various markets, with its ETGL vertical an automotive and farm equipment distribution business active in South Africa, Namibia, Zimbabwe, Lesotho, Swaziland, Botswana, Tanzania, Zambia, Mozambique and Kenya. “We have ambitious growth plans for the African market,” says Ashok Leyland international operations head Amandeep Singh. “Our time-tested products are well suited for the African terrain and offer a superior value proposition. ETG group's extensive connections in these markets will complement our growth plans.” Ashok Leyland is already present in most East and West African countries. ETGL CEO Rajeev Saxena believes the new partnership will be instrumental in providing “a range of commercial vehicle solutions to address the specific requirements of different customer groups in the territory”. The Ashok Leyland trucks to enter the Southern African market range from small 1.5 t payload movers to 20 t tucks and tippers, notes ETGL South Africa business head Pavankumar Nair. ETGL is currently engaged with the process to meet the local compliance requirements on the range of Ashok Leyland vehicles to be introduced locally, and “should be able to start sales in South Africa in July”. Sales in the rest of Southern Africa “will start soon”, says Nair. He adds that Ashok Leyland is a familiar name in the region, as the brand has a presence in the specialised defence vehicle market and, to some extent, commercial vehicles that arrived as special projects.

Kunvarji Finstock
KUNVARJI DAILY EQUITY RESEARCH CONFERENCE_23.05.2022

Kunvarji Finstock

Play Episode Listen Later May 23, 2022 4:12


Equity: GIPCL, Ashok Leyland, JSW Steel Derivative: HUL 2300 CE, Nifty 16200 CE --- Send in a voice message: https://anchor.fm/kunvarji-group1/message

Discover your SecondAct
Saugata Gupta on Learning, Earning & Returning & his SecondAct

Discover your SecondAct

Play Episode Listen Later Apr 15, 2022 44:52


What are the traits of a perfect leader? Are being a people person, encouraging others, and creating new leaders, some of them? If so, our guest for today, Saugata Gupta, the Managing Director and Chief Executive Officer of Marico Limited, is just the person. Not only is he responsible for driving the company's growth and strengthening its presence both nationally and internationally he has also helped in transforming Marico into a high performing business with a commitment to sustainable development and best in class governance. Along with this, Saugata is also an on the board of Ashok Leyland as Independent Director and is a member of Audit Committee, Nomination and Remuneration Committee and ESG Committee. He is also associated with Delhivery as an Independent Director. Key highlights: You need to have a frame-work for making choices, based solely on your individual liking without getting affected by any outside stimuli In order to prioritize goals, one should be ready to drop a few things It is imperative to find the cusp between doing what you like and what you are good at Time management and multi-tasking is of critical importance in the present time Do justice to the things you do, don't do anything for the heck of doing it Digital world has made the universe a lot more exciting and full of opportunities Being stress-free and happy is as big a contributor to a healthy lifestyle as what you eat Leaders should create more leaders not followers Hybrid model boosts diversity and inclusion If you keep on doing good things, good things happen to you Don't compromise the long term for a short term gain Why should you listen to this podcast: Do you wish to carve your own path? Do you aspire to prioritize your individuality over the opinions of others? This then, is the podcast for you. Motivating all to take their own decisions, Saugata Gupta, will encourage you to find the cusp between what you like doing and what you're good at doing, while simultaneously inspiring you to experiment beyond that too. His words are sure to nudge one towards the direction of introspection and improvement. --- Send in a voice message: https://anchor.fm/iiact/message

Business Standard Podcast
How is Sri Lanka's economic crisis affecting India?

Business Standard Podcast

Play Episode Listen Later Mar 28, 2022 7:27


Inflation has soared past 17%. People are dying while waiting in queues for fuel, and authorities are scrapping school exams after running out of dollars to import paper and ink. Sri Lanka is going through its worst economic crisis since its Independence. And the ripples are now being felt in India too. Driven out by hunger and loss of jobs, people from the island nation are seeking refuge in India, which is doing its best to help the neighbouring country. India has extended financial assistance to the tune of $2.4 billion in the last three months to Sri Lanka, which includes a $400 billion RBI currency swap, deferral of a $500 million loan and a $1.5-billion credit line for importing fuel, food and medicines. In addition to an International Monetary Fund Bailout, the southern neighbour has sought credit support of $2.5 billion from China. The island has been facing daily power cuts and double-digit inflation, which hit 17.5% in February. The Sri Lankan central bank allowed the local currency to devalue by 30% in a month. The crisis has been mainly caused by a shortage of foreign exchange reserves. They have plummeted 70% in two years to just $2 billion at the end of February, which can barely cover two months of imports. Meanwhile, the country has foreign debt obligations of about $7 billion this year. The forex crisis is the result of several factors. Tourism, which is the country's third-largest foreign exchange earner, came to a virtual halt after the 2019 Easter Sunday suicide bombings which killed more than 250 people. Tourist arrivals dropped by as much as 70%. And then the pandemic struck, dealing a severe blow to the tourism industry. And remittances from foreign workers, which is the nation's biggest source of dollars, slumped 22.7% to $5.5 billion in 2021. The country's heavy dependence on imports for essential goods like sugar, pharmaceuticals, fuel, pulses and cereals worsened the crisis. The government's ban on chemical fertilizers last April as it looked to become the first country to fully adopt organic farming backfired. A survey showed that 90% of Sri Lanka's farmers used chemical fertilisers for cultivation. The move led to a drastic drop in domestic food production, pushing up food prices. The decision was rolled back after months of mass protests by farmers but the damage was done. Food inflation soared to 25.7% in February. The crisis is now starting to impact Indian exporters. Thousands of containers sent from India to Sri Lanka, including for its own consumption as well as trans-shipment cargo, have been lying uncleared at Colombo port as authorities can't afford to transfer containers between terminals. This, in turn, has led to some build-up of cargo intended for Sri Lanka at Indian ports. India also relies considerably on Colombo port for global trade given it is a transhipment hub. 60% of India's trans-shipment cargo is handled by the port. India-linked cargo, in turn, accounts for 70% of the port's total trans-shipment volume. India has traditionally been among Sri Lanka's largest trade partners. Prior to the pandemic, India was the top tourism source for Sri Lanka. More than one-fifth of Sri Lanka's total imports come from India. India is also one of the largest contributors to Foreign Direct Investment in Sri Lanka. FDI from India amounted to about $1.7 billion from 2005 to 2019. After China and the UK, India was the biggest source of FDI for Sri Lanka in 2019 at $139 million. The main investments from India are in the areas of petroleum retail, tourism and hotel, manufacturing, real estate, telecommunication, banking and financial services. A number of leading companies from India have invested and established their presence in Sri Lanka. These include Indian Oil, Airtel, Taj Hotels, Dabur, Ashok Leyland, Tata Communications, Asian Paints, SBI and ICICI Bank. Although Sri Lanka holds minor importance to India in terms of trade, it is a geopoliti

Programa del Motor: AutoFM
Nueva fábrica de autobuses eléctricos en España

Programa del Motor: AutoFM

Play Episode Listen Later Jan 6, 2022 11:19


¡Buenas noticias! España, más concretamente, Valladolid es el punto elegido por la firma de vehículos eléctricos angloindia Switch Mobility para la colocación de una nueva y moderna fábrica de autobuses cero emisiones. Se trata de la primera en la Unión Europea después tras las que tiene en Leeds, al norte de Inglaterra y en Chennai en la India. Te contamos todos los detalles de la inversión de este fabricante entrevistando a Eva Driessen que ejerce como Presidenta de Switch Mobility Iberia desde mediados de 2021. Es la máxima responsable para España y Portugal de la compañía global de movilidad sostenible. Eva Driessen inició su andadura con Switch Mobility Europe en el 2020 y, un año después, ha sido nombrada Presidenta de Switch Mobility Iberia. Eva es licenciada y Master of Arts en Estudios Europeos con especialización en Derecho Europeo, Inglés y Español, y cuenta con una completa formación en las universidades de Leiden, Ámsterdam y Madrid. Por otra parte Switch Mobility es una empresa automotriz global que produce autobuses eléctricos de nueva generación y vehículos comerciales ligeros eléctricos. Una empresa emergente madura creada a partir de la división de vehículos eléctricos de la compañía de autobuses británica Optare y de la compañía automotriz india Ashok Leyland, el cuarto fabricante de autobuses y vehículos comerciales ligeros más grande del mundo. Jose Lagunar: https://twitter.com/JoseLagunar Eva Driessen: https://www.linkedin.com/in/eva-astrid-jos%C3%A9-driessen-9982637/ Switch Mobility: https://www.switchmobility.tech/es Puedes seguirnos en nuestra web: https://autofm.es/ Twiter: @AutoFmRadio Instagram: https://www.instagram.com/autofmradio/ Youtube: https://www.youtube.com/channel/UC57czZy-ctfV02t_PeNXCAQ Contacto: info@autofm.es

Business Standard Podcast
Market wrap: Sensex ends above 59,000, up 929 points; Nifty tops 17,600

Business Standard Podcast

Play Episode Listen Later Jan 3, 2022 4:52


Top headlines   ·       Sensex ends above 59,000, up 929 points; Nifty tops 17,600 ·       Eicher Motors surges over 5% on Royal Enfield's strong December sales ·       TCS gains 4% in three days, hits 13-week high ·       Textile shares rally on improved outlook ·       Nifty due for a pause, may even ease in early 2022, says UBS ·       India's Manufacturing PMI at three-month low in December   Indian equities kicked off calendar year 2022 on a solid note as fresh record highs in global markets bolstered domestic investors' confidence. The S&P BSE Sensex, which opened quietly, later gained strength during the day to hit a high of 59,266. The index then settled 929 points higher at 59,183 levels.   The NSE Nifty50, meanwhile, ended the day at 17,626, up 272 points after touching an intra-day high of 17,647. The top gainers on the index included Coal India, the Bajaj twins, Tata Steel, ICICI Bank, IndusInd Bank, and HDFC Bank. The laggards were largely from the pharma space, including Cipla, Dr Reddy's Labs, and Divis Labs. Nestle India, HUL and M&M were some of the other top losers.   After a stellar two-year run for the Nifty during which it even left the S&P 500 behind at times, analysts at global investment firm UBS believe that the index's current valuation does not fully reflect upcoming headwinds. In a report, it said these headwinds include rising interest rates, both globally and in India, and importantly, the return of India's current account deficits. Given these factors, a multi-month pause for the index may be in order, according to the report.   This apart, among sectors, all indices today clocked smart gains, barring the Nifty Pharma index, which ended 0.5 per cent lower.   Banks, Financials, Auto, and IT shares led the benchmark indices to their respective fresh highs of the day. The Nifty Bank and Private Bank indices were the top performers, rising 2.7 per cent each, followed by the Nifty Financial Services, which was 2.5% up.   The Nifty IT index closed 1% higher today after hitting a record high of 39,286. Individually, the shares of IT major TCS hit a 13-week high of Rs 3,829, up 2.5 per cent, in intra-day trade. The stock has gained 4 per cent in the past three days on the BSE, and hit its highest level since October 8, 2021. The company's December quarter results are scheduled to be declared on January 12.   Auto shares also remained in demand on the back of healthy sales data for the month of December. Auto majors Tube Investments, Tata Motors, Ashok Leyland, Bharat Forge and Maruti were among the top gainers on the Nifty, all of which ended between 1 and 7% higher.   Eicher Motors rallied 5.5 per cent on the BSE, for instance, after the company's Royal Enfield brand reported a 43 per cent rise in month-on-month sales at 73,739 units in December. The company reported its best reading in several months. On a year-on-year basis, the Royal Enfield sales grew 7 per cent.   Besides, the shares of textile companies also maintained their upward movement on improved outlook. Shares of Vardhman Textiles and Sangam India hit their respective record highs, while Cantabil Retail touched a 52-week high on the BSE.   Lastly, on the macroeconomic front, India's manufacturing activity lost some momentum in December, easing to a three-month low of 55.5, after hitting a 10-month high in November, amid fears that the rapidly spreading cases of Covid-19 may hit consumer sentiment and output.

Business Standard Podcast
Markets this week: Should you buy shares on dips or sell on a rally?

Business Standard Podcast

Play Episode Listen Later Nov 8, 2021 4:28


With the better part of the earnings season behind us and the US Federal Reserve's stance on liquidity and interest rates known, trading in stock markets from here could be bumpy for Dalal Street investors in the near term.   Last week, the BSE Sensex ended Samvat 2077 at 60,068 levels, while the Nifty50 settled at the 17,917 mark. The exchanges conducted the Muhurat Trading session on Thursday evening to usher in the Samvat.   However, red flags are now up on the Street, with analysts advising investors to tread carefully as the markets face multiple headwinds – both from domestic and global factors – which could keep them choppy.   Independent market analyst Ambareesh Baliga said:   Markets will be volatile in the near term Utilise any bounce-back to partially book profit Red flags: High oil prices, Fed tapering, reduced liquidity   So which sectors could possibly see a correction? And which ones may present a good buying opportunity? Baliga said:   Use correction to buy: Real Estate, specialty chemicals, pharma Correction likely in: Auto, Cement, Metals   From a long-term perspective, Motilal Oswal, MD & CEO of Motilal Oswal Financial Services, believes markets have always moved in tandem with earnings growth. And although there would be ups and downs in between, he expects the overall trend of the market to remain positive in Samvat 2078 as well.   This week, however, markets will focus on primary market action, the last leg of corporate earnings, and economic data.   EVENTS THIS WEEK Paytm IPO: Nov 8-10 Sapphire Foods and Latent View Analytics IPOs: Nov 9-11 Nykaa Listing: Likely on Nov 11 CPI inflation: Nov 12 Earnings: Coal India, Hero MotoCorp, BHEL, MRF, NMDC, Ashok Leyland   Three new initial public offerings – those of Paytm, Sapphire Foods and Latent View Analytics – are set to hit the Street this week. Moreover, Nykaa's shares could also debut on the bourses on November 11.   In the secondary market, stock-specific action will remain high, with companies like Coal India, Hero MotoCorp, Ashok Leyland, MRF, and BHEL slated to announce their results this week.   On the economic front, retail inflation data for October will be released on November 12.   Globally, markets will react to the US Fed's decision today as the markets open for trade on the first day of Samvat 2078. Oil prices, FII fund activity, and the rupee's movement will also guide the sentiment this week.

Business Standard Podcast
What are fuel-cell electric vehicles and how are they different from EVs?

Business Standard Podcast

Play Episode Listen Later Oct 14, 2021 2:50


From established names like Tata Motors to new-age technology companies like Ather Energy and Ola, the automobile sector is shifting its focus to electric vehicles in view of an unprecedented rise in pollution levels and the climate change crisis therefore. The first breed of EVs to come out in the market are battery electric vehicles. Though good, these vehicles are not an alternative to the internal combustion engine, or ICE-based, vehicles simply because they have a limited range-per-charge capacity and are dependent on external charging systems. On that note, the Fuel Cell Electric Vehicles, or FCEVs as they are called, make a better alternative to ICEs-based vehicles.  How? Let's find out What is a Fuel Cell Electric Vehicle? The FCEV is a type of electric vehicle that does not require external charging, but a fuel like Hydrogen to generate current required by the electric vehicle for mobility and to charge the built-in batteries for auxiliary functions. Much like the ICE-based vehicles, the FCEVs will require fuel but a green one that does not pollute the environment. How do FCEVs work: The FCEVs are electric vehicles that derive energy from a fuel cell powered by hydrogen, instead of drawing it only from a battery. Unlike conventional electric vehicles, where the battery is the primary source for vehicle traction, FCEVs use electricity generated by hydrogen-powered fuel cells and need the battery for auxiliary functions like starting the vehicle or storing energy generated from regenerative braking. Therefore, the FCEVs do not require plug-in capability to charge the battery but need hydrogen as a fuel to operate. Are FCEVs available in India? FCEVs are currently not available in India, but they have been tested here. Earlier in 2021, the country's largest power generator, National Thermal Power Corporation (NTPC), had asked the automobile industry to procure such vehicles for pilot projects. News reports suggest that international automobile makers Toyota and Hyundai Motor, and India's Tata Motors, Ashok Leyland and KPIT Technologies had shown interest in the initiative.

Kunvarji Finstock
KUNVARJI DAILY EQUITY RESEARCH CONFERENCE_13.10.2021

Kunvarji Finstock

Play Episode Listen Later Oct 13, 2021 5:11


Equity: UBL, Ashok Leyland, PFC Derivative: Nifty 18000 CE, Bank Nifty 38500 CE, HERO 2900 CE --- Send in a voice message: https://anchor.fm/kunvarji-finstock/message

Business Standard Podcast
Market Wrap Podcast, Oct 1: Here's all that happened in the markets today

Business Standard Podcast

Play Episode Listen Later Oct 1, 2021 5:39


The benchmark indices ended lower for the fourth straight day on Friday amid slowing global economic growth and inflation fears. At close, the Nifty50 index was down 86 points at 17,532 while the BSE Sensex ended with a loss of 361 points at 58,765. The broader markets ended the day mixed with the BSE Midcap falling 0.11 per cent and Smallcap indices rising 0.48 per cent. About 1716 shares have advanced, 1373 shares declined on the BSE, indicating the breadth is in favour of advances. Sectorally, buying was seen in pharma, metal, PSU Bank and energy sectors whereas selling was witnessed in realty, banking and IT space. Meanwhile, the auto space was in focus today as automobile companies announced their monthly sales data for September today. The auto pack traded mixed with companies such as Maruti Suzuki, Ashok Leyland and Eicher Motors ending lower amid fall in auto sales as the semiconductor shortage hit production. That said, TVS Motors' shares and those of M&M rose on the back of robust two-wheeler and tractor sales, respectively. Vinod Nair, Head Of Research at Geojit Financial Services said the auto sector is holding-on despite weak sales, in anticipation of festival demand, as numbers from major manufacturers showed a fall in September sales. Telecom stocks--Bharti Airtel and Vodafone Idea--too fell today on news that the Department of Telecommunications has issued notices to them to pay Rs 3,050 crore in cumulative penalties within three weeks for flouting licence conditions by denying Reliance Jio Infocomm adequate points of interconnection in 2016. Coming to other stock-specific moves, the shares of Zee Entertainment fell 3 per cent as the company's board rejected Invesco's demand to hold an extraordinary general meeting to remove current MD and CEO, Punit Goenka and induct its nominees. VST Tillers too ended at the 10% upper circuit after the company entered into a Master Service agreement with Zimeno Inc to develop integrated tractor powertrain. Further, public sector aviation company Air India was also in the limelight today as Tata Sons is said to have won the bid for Air India, but the official announcement is awaited. But, DIPAM later clarified that reports indicating financial bids in Air India disinvestment case are incorrect. The stock of Paras Defence and Space Technologies made a strong debut on Friday as the scrip got listed at Rs 475 on BSE against its issue price of Rs 175. This translates into a listing gain of as much as 171 per cent. The Rs 170.78 crore IPO, which was sold from September 21 to 23, received a record breaking response from investors. The issue was subscribed 304 times during the offer period. Now, in the primary market, the initial public offer by Aditya Birla Sun Life AMC has been subscribed 5.22 times so far on final day of bidding. The portion allotted for qualified institutional buyers, received maximum interest as the shares were subscribed 10.36 times. Going into trade next week, investors will focus on the earnings season for the second quarter. IT services major TCS will announce the earnings for the quarter ended September on October 8. The Reserve Bank of India's Monetary Policy Committee will begin its bi-monthly deliberations on October 6. The monetary policy outcome will be announced on October 8. The data for the services PMI will also be released on October 5. Lastly, stock-specific moves, global cues as well as news related to Covid-19 will be among other major triggers for investors.

Asia Perspectives by The Economist Intelligence Unit
Now for Next Podcast #2: Fostering a digital ecosystem

Asia Perspectives by The Economist Intelligence Unit

Play Episode Listen Later Sep 24, 2021 27:38


Now for Next Podcast #2: Fostering a digital ecosystem - episode sponsored by Google In this episode, our editor speaks to Vipin Sondhi, Managing Director and CEO at Ashok Leyland, and Arindam Bhattacharya, Managing Director & Senior Partner at BCG, about the importance of a strong digital ecosystem in India, the role of businesses in fostering one, the challenges faced by startups and companies' motivations in supporting them.Visit nowfornext.in for more. See acast.com/privacy for privacy and opt-out information.

Business Standard Podcast
Market Ahead Podcast, August 12: Top factors that could guide markets today

Business Standard Podcast

Play Episode Listen Later Aug 12, 2021 3:54


Investors on Dalal Street have a host of cues to look forward to in trade today. While the global trade setup largely remains strong, firm crude prices could weigh on sentiment. That apart, stock-specific action amid ongoing earnings season and macroeconomic data are among other factors that can hold sway over the market trajectory. High volatility could also be on cards amid the weekly F&O expiry. Early indications are in favour of a strong start for the benchmark indices as SGX Nifty traded 30 points higher at 16,324 around 7.35 am. Further, smallcaps and midcaps could bounce back after three days of heavy selling following BSE clarification on the Add-On Price Framework. On the macro-economic front, Industrial production for June and CPI inflation for August will be released today. Industrial production expanded by nearly 30 percent year-on-year in May 2021 due to a low base in May 2020 when there was a nationwide lockdown. Meanwhile, CPI inflation will be a key data to watch out for especially after the RBI increased its FY22 inflation forecast to 5.7 per cent from 5.1 per cent earlier. Furthermore, in overnight trade, Dow Jones and S&P 500 closed at record levels as data indicated US inflation growth may have peaked, while sectors tied to economic growth advanced on the heels of the passage of a large infrastructure bill. Dow Jone added 0.6 per cent, S&P500 0.25 per cent while Nasdaq slipped 0.16 per cent. Asian shares failed to follow a strong close on Wall Street with fears about the spread of the Delta variant of the coronavirus weighing on sentiment. The Hong Kong benchmark fell 0.2 per cent while Australian shares were largely flat and Japan's Nikkei rose 0.35 per cent. Oil prices, meanwhile, held onto gains from earlier in the week. Brent crude was flat at $71.43 per barrel. Now, a look at stock-specific triggers that are likely to sway the market today. Ashok Leyland, Aurobindo Pharma, Eicher Motors, Hero MotoCorp, IRCTC, NMDC, Natco Pharma, Oil India, Page Industries, Power Finance, BPCL and Tata Steel are among key companies slated to post their quarterly earnings. Cutting down on its losses over the last year, footwear major Bata India today reported a Rs 69.5 crore net loss for the April-June quarter. In the corresponding quarter previous year, the firm had posted Rs 101 crore net loss. PNB Housing Finance is now looking to raise Rs 35,000 crore debt, after facing legal hurdles in the Carlyle group deal, days after SAT gave a split verdict in the matter. Knitwear major Rupa & Company Ltd on Wednesday reported a 32 per cent jump in its net profit to Rs 27.2 crore in the first quarter of the current fiscal. Lastly, a look at the primary market action. The initial share sale of Aptus Value Housing Finance India received 37 per cent subscription on the second day of offer on Wednesday while Chemplast Sanmar was subscribed 26 per cent. Both issues close for subscription today.

Business Standard Podcast
Market Wrap Podcast, Aug 11: Here's all that happened in the markets today

Business Standard Podcast

Play Episode Listen Later Aug 11, 2021 4:13


Large-cap stocks again took the lead over the minnows, although the magnitude declined following a clarification by BSE that the new Add-on Price Framework was applicable to securities with market cap of less than Rs 1,000 crore. Further, it will cover only scrips that are part of X, XT, Z, ZP, ZY and Y group and quote at more than Rs 10 per share. This sparked a recovery in the midcap and smallcap segments but even then both the indices declined for the third day straight. On Wednesday, the Midcap index lost 0.22 per cent and BSE Smallcap index 0.83 per cent. In the last three sessions, both indices have shed between 5-7 per cent spooked by a new surveillance framework by BSE. The market breadth remained in favour of sellers. The BSE adavnced-decline ratio was at 1:2. Analysts believe broader markets may be close to making a short term bottom and this may enable the Nifty to rise mildly in the near term. Overall, the benchmark indices ended the volatile session flat. After gyrating 591 points in intra-day, the BSE Sensex closed 29 points or 0.05 per cent down at 54,526. Nifty eked out 2-point gain to end at 16,282. Tata Steel, NTPC, Power Grid and RIL were the top Sensex gainers. The sectoral trend was mixed. Nifty Metal snapped its two-day losing run and rallied over 3 per cent. On the other hand, Nifty Pharma tanked 1.5 per cent. Banking and financial sectors remained under pressure today. On stock-specific front, Zomto's performance stood out. The stock rallied following its Q1 numbers as a better-than-expected revenue performance pushed investors to lap up shares. The scrip ended at Rs 135.80, up 9 per cent after rising as much as Rs 138.90 o BSE. Lupin and Sequent Scientific, meanwhile, tanked following their Q1 numbers presentation. Lupin shares lost over 6 per cent to end settle at Rs 1050.20 as the company reported a disappointing performance for the April-June quarter (Q1FY22) on the margins front. Shares of Sequent Scientefic lost 15 per cent on a sharp 86 per cent YoY decline in Q1 profit. A strong perfomance in Q1 pushed Pidilite stock over 2 per cent higher. The company's performance in June quarter looked impressive on a low base last year. Its Q1FY22 PAT stood at Rs 217.6 crore vs Rs 15.8 crore YoY. Shares of Tata Steel rallied nearly 4 per cent to Rs 1426.45 on the BSE ahead of its Q1 results on Thursday. Meanwhile, in the primary market, CarTrade Tech and Nuvoco Vistas IPOs managed to sailed through on last day of bidding process. CarTrade Tech garnered over over 20 times subscription and Nuvoco Vistas nearly 2 times. IPOs of Chemplast Sanmar and Aptus Value struggled to reach the halfway mark. Chemplast was subscribed only 25 per cent on Day 2 and Aptus 37 per cent. Both issues close on Thursday. Now, going into trade tomorrow, apart from action in primary market, stock-specific activity will continue to remain high in the secondary market as hundreds of companies are slated to post their numbers, including Ashok Leyland, Aurobindo Pharma, Eicher Motors, Hero MotoCorp, IRCTC, NMDC, Natco Pharma, Oil India, Page Industries, Power Finance and Tata Steel. Further volatility on account of weekly expiry will be high. Market will also watch out for IIP and CPI figures that are slated for release tomorrow. And on the global market front, Street will react to the US CPI figures due today apart from global cues.

Khanna Tuning
Stock Tip - Ashok Leyland

Khanna Tuning

Play Episode Listen Later Aug 3, 2021 1:17


CMP - 141.25, SL - 120, Targets - 152-168

Global View
BUSINESS OF TRUCKS, BUSES AND MSMEs. With Vipin Sondhi, CEO of Ashok Leyland

Global View

Play Episode Listen Later Jul 18, 2021 18:06


Business of Trucks, Buses and MSMEs. Vipin Sondhi, CEO of Ashok Leyland explains: - The current situation and Ashok Leyland - The current labour situation at the company - On dates for new product launches and the Phoenix project. - Are commercial Electric Vehicles viable or will Hydrogen cells overtake them? - Will protectionism overseas impact India's exports? - On opportunities for India's young in setting up MSMEs and jobs. - How can MSMEs contact Ashok Leyland to get business? - His vision for Ashok Leyland as CEO. www.itmn.tv Disclaimer The information provided by the guest and anchor are for general purposes only. The producer and the anchor are not responsible for the views expressed nor make any representation or warranty of any kind, express or implied, regarding the information provided.

Business Standard Podcast
Market Wrap Podcast, June 25: Here's all that happened in the markets today

Business Standard Podcast

Play Episode Listen Later Jun 25, 2021 5:32


Markets started the July F&O series with impressive gains on Friday as hefty buying in metals, financials, and pharma sectors lifted indices for the second day. The Nifty PSU Bank index closed 2.7 per cent higher on the National Stock Exchange (NSE) amid renewed privatisation buzz and fund-raising by banks. That apart, the Nifty Metal index zoomed 2.5 per cent after Russian government said it is preparing new export taxes from August 1 for steel products, nickel, aluminium and copper which will cost their producers $2.3 billion. The Nifty Bank, Private Bank, Pharma, IT, and auto indices, meanwhile, rose between 0.5 per cent and 1.6 per cent. Overall, the frontline S&P BSE Sensex index added 226 points, or 0.43 per cent, to settle the session at 52,925 levels while the Nifty50 index shut shop at 15,863-mark, up 73 points or 0.46 per cent. In the broader market, the BSE MidCap and SmallCap indices advanced 1 per cent and 0.4 per cent, respectively. For the week, the benchmarks gained 1.1 per cent each, the MidCap index 1.5 per cent, and the SmallCap index 1.2 per cent. Tata Steel (up nearly 4 per cent), Axis Bank, State Bank of India, ICICI Bank, Hindalco, JSW Steel, Maruti Suzuki, and Coal India made it to the list of outperforming stocks in the large-cap segment today while Vodafone Idea, Apollo Hospitals, SAIL, Ashok Leyland, Allcargo Logistics, Uttam Sugar Mills, and Ajmera Realty marched ahead in the broader market space. Individually, shares of Reliance Industries extended their decline into 4th straight day, falling nearly 7 per cent during the period. The company's Chairman and Managing Director Mukesh Ambani, on Thursday, made a slew of announcements during the company's 44th AGM, post which the stock has been witnessing profit booking. In two days alone, the stock has slipped 5 per cent. Meanwhile, shares of Maruti Suzuki India hit an over four-month high of Rs 7,664, on the back of a 10 per cent rally in five days, after the company announced price hike plan. The stock, which was trading at its highest level since February 17, 2021, gained nearly 2 per cent on the BSE in intra-day trade on Friday. Furthermore, shares of Ashok Leyland zoomed 9 per cent to Rs 129.35 on the BSE in intra-day trade as the company's market share improved 0.8 per cent to 28.9 per cent in the March 2021 quarter (Q4FY21) from 28.1 per cent in December 2020 quarter (Q3FY21). The stock of the commercial vehicles' company was trading close to its 52-week high of Rs 138.85, touched on February 4, 2021. Lastly, shares of Apollo Hospitals Enterprises hit a fresh record high of Rs 3,465, surging 8 per cent on the BSE in intra-day trade on Friday, on the back of heavy volumes. The stock of the healthcare facilities company surpassed its previous high of Rs 3,432.90 touched on June 3, 2021. In the primary market, the three day public offer of India Pesticides Limited was subscribed 29 times till 4:30 PM on the last day of the issue Global markets   Asian shares rose on Friday, tracking gains on Wall Street overnight that lifted the Nasdaq and the S&P 500 indexes to record highs after US President Joe Biden embraced a bipartisan Senate infrastructure deal. Japan's Nikkei closed 0.66 per cent higher while South Korea's Kospi rallied 0.5 per cent and Australia's ASX200 was last up 0.45 per cent. China's Shanghai index, too, surged 1.1 per cent. In Europe, however, shares traded lower as a slide in healthcare-related stocks more than offset a boost from the financial sector. The pan-European STOXX 600 index slipped 0.06 per cent, Germany's DAX declined 0.24 per cent, and France's CAC40 fell 0.2 per cent. As regards Wall Street, Futures of three main US stock indices gained up to 0.25 per cent, suggesting a flat-to-positive start later in the day.

Business Standard Podcast
Market Ahead Podcast, June 24: Top factors that could guide markets today

Business Standard Podcast

Play Episode Listen Later Jun 24, 2021 3:58


Amid mixed global cues, Indian markets eye a lacklustre start to today's session although high volatility on account of monthly F&O expiry could keep traders on edge. Action on Street is likely to pick up in the latter half of the session as the focus will turn to index heavyweight Reliance Industries' 44th AGM, slated to kick off at 2 pm. At 7.12 am, SGX Nifty was trading 20 points higher at 15,704, indicating a flat-to-positive start for the benchmark indices. Meanwhile, in the overnight session, Nasdaq climbed to a record-high close, fueled by a rally in Tesla Inc, although S&P 500 and Dow dipped even as investors cheered data that showed a record peak for US factory activity in June. The Dow Jones Industrial Average fell 0.21%, the S&P 500 lost 0.11% and the Nasdaq Composite climbed 0.13%. Asian stocks opened mostly steady after US shares moved in narrow ranges. Japan's Topix index slipped 0.2%, South Korea's Kospi index climbed 0.2%, Australia's S&P/ASX 200 retreated 0.2% and Hang Seng futures fell 0.1%. Globally, investors will watch out for Bank of England interest rate decision and US GDP data. Now, a look at the stock-specific triggers that are likely to guide the market today A total of 97 companies, including Oil and Natural Gas Corporation, Ashok Leyland, Bodal Chemicals, Future Supply Chain Solutions, Mishra Dhatu Nigam, PTC India and West Coast Paper Mills are slated to release their quarterly earnings on June 24. Shares of Shyam Metalics and Sona Comstar will make their market debut today. The IPOs that ran between June 14-16 were subscribed 121 times and 2 times, respectively. As per the grey market trends, Shyam Metalics is expected to log strong listing gains while Sona Comstar could be up for a neutral start. Shares of Reliance Industries will be in focus, with the company's 44th AGM slated for today. A roadmap for 5G rollout, likely announcements on affordable 5G phone, low-cost laptop JioBook and update on Aramco deal and retail business would be on top of investor radar. That apart, Fitch Ratings has upgraded RIL's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BBB', from 'BBB-', with a Negative Outlook. At the same time, the agency has affirmed RIL's Long-Term Local-Currency IDR at 'BBB+' with a Stable Outlook. Tata Motors said Guenter Butschek will step down as its MD and CEO with effect from June 30. He will, however, continue as a consultant to the company till the end of this fiscal year. Lastly, an update on the primary market. The Rs 800 crore initial public offer of India Pesticides was subscribed 1.29 times on the first day of the subscription itself, with the non-Institutional Investors category subscribed 19 per cent and those for retail individual investors(RIIs) 2.51 times.

Business Standard Podcast
Market Ahead Podcast, June 24: Top factors that could guide markets today

Business Standard Podcast

Play Episode Listen Later Jun 24, 2021 3:58


Amid mixed global cues, Indian markets eye a lacklustre start to today's session although high volatility on account of monthly F&O expiry could keep traders on edge. Action on Street is likely to pick up in the latter half of the session as the focus will turn to index heavyweight Reliance Industries' 44th AGM, slated to kick off at 2 pm. At 7.12 am, SGX Nifty was trading 20 points higher at 15,704, indicating a flat-to-positive start for the benchmark indices. Meanwhile, in the overnight session, Nasdaq climbed to a record-high close, fueled by a rally in Tesla Inc, although S&P 500 and Dow dipped even as investors cheered data that showed a record peak for US factory activity in June. The Dow Jones Industrial Average fell 0.21%, the S&P 500 lost 0.11% and the Nasdaq Composite climbed 0.13%. Asian stocks opened mostly steady after US shares moved in narrow ranges. Japan's Topix index slipped 0.2%, South Korea's Kospi index climbed 0.2%, Australia's S&P/ASX 200 retreated 0.2% and Hang Seng futures fell 0.1%. Globally, investors will watch out for Bank of England interest rate decision and US GDP data. Now, a look at the stock-specific triggers that are likely to guide the market today A total of 97 companies, including Oil and Natural Gas Corporation, Ashok Leyland, Bodal Chemicals, Future Supply Chain Solutions, Mishra Dhatu Nigam, PTC India and West Coast Paper Mills are slated to release their quarterly earnings on June 24. Shares of Shyam Metalics and Sona Comstar will make their market debut today. The IPOs that ran between June 14-16 were subscribed 121 times and 2 times, respectively. As per the grey market trends, Shyam Metalics is expected to log strong listing gains while Sona Comstar could be up for a neutral start. Shares of Reliance Industries will be in focus, with the company's 44th AGM slated for today. A roadmap for 5G rollout, likely announcements on affordable 5G phone, low-cost laptop JioBook and update on Aramco deal and retail business would be on top of investor radar. That apart, Fitch Ratings has upgraded RIL's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BBB', from 'BBB-', with a Negative Outlook. At the same time, the agency has affirmed RIL's Long-Term Local-Currency IDR at 'BBB+' with a Stable Outlook. Tata Motors said Guenter Butschek will step down as its MD and CEO with effect from June 30. He will, however, continue as a consultant to the company till the end of this fiscal year. Lastly, an update on the primary market. The Rs 800 crore initial public offer of India Pesticides was subscribed 1.29 times on the first day of the subscription itself, with the non-Institutional Investors category subscribed 19 per cent and those for retail individual investors(RIIs) 2.51 times.

Business Standard Podcast
Market Ahead Podcast, June 21: Factors that could guide markets this week

Business Standard Podcast

Play Episode Listen Later Jun 21, 2021 4:47


After a volatile last week, investors can expect much the same going into the trade this week due to scheduled derivatives expiry of June month contracts. Meanwhile, with no major domestic macroeconomic data lined up this week, investors will closely eye global markets for cues. Besides, the progress of monsoon, Covid-related updates and RIL AGM will also be in focus. Analysts suggest that traders should be cautious and adopt a stock-specific approach as markets get volatile. On the other hand, long term investors can take advantage of this volatility and adopt a 'buy-on-dips' strategy. As Covid cases continue to recede and states re-open, doctors opined to not let the guard down and warned the third wave of the pandemic could be upon the country in the next 6-8 weeks. India's fresh Covid cases have stayed below 1 lakh for the last 14 days while on Sunday, the country reported 58,419 fresh cases, the lowest in 81 days. Going forward, the pace of infections and vaccination will sway the market trajectory. Meanwhile, on the earnings front, over 100 companies are slated to post their March quarter numbers this week, including ONGC, Oil India, NMDC, Ashok Leyland, Info Edge, Sobha and Apollo Hospitals. With the Q4 earnings season coming to a close, the focus will soon turn to next quarter earnings. That said, one of the biggest event for markets of the year -- Reliance Industries' AGM -- is slated for Thursday and will be closely tracked by investors. The AGM could provide details on a possible Budget phone launch by Jio in association with Google, progress on 5G technology and update on a deal with Aramco. Most analysts have maintained bullish bets on RIL ahead of AGM. The action in the primary market will continue as IPO by India Pesticides will open for subscription on Wednesday. The Rs 800 crore IPO is priced in the band of Rs 290-296 per equity share. Furthermore, two IPOs that closed for subscription last Wednesday are slated to make their debut on the bourses this week. Sona BLW Precision Forgings (Sona Comstar) and Shyam Metalics & Energy are expected to list on exchanges on June 24. Lastly, the rupee's trajectory, FPI flow and oil prices can further sway market sentiments. And now, let's take a look at the trade setup for today. As the global market mood soured, investors back home also braced for a sharp correction today. SGX Nifty was ruling 190 points lower at 15,559 around 7.35 am, indicating a gap-down start for the benchmark indices. Globally, stocks dropped as investors mulled the implications of a surprise hawkish shift last week by the U.S. Federal Reserve. Japan's Topix index shed 2.5%, Australia's S&P/ASX 200 Index dropped 1.8%, South Korea's Kospi index fell 0.9% and Hong Kong's Hang Seng Index declined 1.2%. S&P 500 and Nasdaq futures traded 0.3% and 0.1% lower, respectively. A look at the stock-specific triggers that are likely to guide the market today. Oil India, Info Edge, Bharat Dynamics, TCNS Clothing, and VST Tillers Tractors are among 70 companies slated to post their quarterly numbers today. Saudi Aramco chairman and Governor of the Kingdom's wealth fund Public Investment Fund, Yasir Al-Rumayyan, may be inducted on the board of Reliance Industries a precursor to a USD 15 billion deal, reports said. In a rare regulatory move, Sebi has restrained PNB Housing Finance from going ahead with shareholders' voting on the proposed Rs 4,000 crore-deal with Carlyle group and directed the company to carry out the valuation process as per the relevant legal provisions. NTPC posted nearly three-fold jump in consolidated net profit to Rs 4,649.49 crore for March quarter 2020-21 on the back of higher revenues. The consolidated net profit of the company in the year-ago period was Rs 1,629.86 crore. UCO Bank said its board will meet next week to consider raising up to Rs 500 crore as tier-II capital.

Business Standard Podcast
Market Wrap Podcast, June 18: Here's all that happened in the markets today

Business Standard Podcast

Play Episode Listen Later Jun 18, 2021 4:53


Benchmark equity indices slumped over 1 per cent in Friday's intra-day session but made a sharp V-shaped recovery to end the day little changed. Financials and metals exerted pressure on the bourses, even as gains in Reliance Industries, FMCG, and select private bank stocks tried to limit the losses. The S&P BSE Sensex fell 722 points intra-day but recovered to close 21 points, or 0.04 per cent, higher at 52,344 levels. The broader Nifty50 index, meanwhile, bounced back from the day's low of 15,451 to end at 15,683 levels, down 8 points or 0.05 per cent. The correction was deeper in the broader markets where the BSE MidCap and SmallCap indices closed 0.7 per cent and 0.89 per cent down, respectively. Overall, the market breadth was heavily skewed towards bears with the Advance to Decline ratio standing at 1:2. ONGC, Coal India, Power Grid, JSW Steel, UPL, NTPC, M&M, SBI, and Nestle India were the top laggards among the large-cap stocks while Mahanagar Gas, Ashok Leyland, SAIL, Canara Bank, Max Financial Services, Graphite India, HEG, Hindustan Copper, Affle India, and Wockhardt Pharma cracked in the mid-, and small-cap segments. Sectorally, the Nifty PSU Bank declined nearly 2 per cent while the Nifty Auto, Metal, and Realty indices slipped up to 1 per cent each. On the upside, the Nifty FMCG index ended 0.29 per cent higher. Buzzing stocks   Shares of Vodafone Idea soared 10 per cent on report that the company may raise up to Rs 7,000 crore via QIP route. Reports further suggest the Department of Telecommunication may allow Vodafone Idea to raise funds supported by FDI. Shares of SBI Cards and Payment Services, on the other hand, tanked 6 per cent to Rs 984 on the National Stock Exchange (NSE) in intra-day trade on Friday after around 64 million shares, representing 6.8 per cent of the total equity of the company, changed hands on the NSE and BSE. While the names of the buyers and sellers could not be ascertained immediately, reports said US-based private equity firm Carlyle planned to offload 5.1 per cent stake in SBI Cards and Payment Services. The stock eventually ended 4 per cent lower on the NSE. Shares of Nazara Technologies also tanked 12 per cent to Rs 1,463.75 on the BSE in intra-day trade after foreign brokerage firm CLSA initiated coverage on the stock with a Sell rating and target price of Rs 1,095, citing hefty premium valuation. The stock was trading close to its 52-week low level of Rs 1,412.50 hit on April 12, 2021. Lastly, shares of Adani Ports and Adani Enterprises snapped their four-day losing run as they surged 7 per cent and 9 per cent, respectively. Adani Power, Adani Green, and Adani Transmission, however, hit their 5 per cent lower circuit for the fifth straight day. In the primary market, the initial public offer of Dodla Dairy garnered subscription of over 45 times on the final day while that of KIMS got oversubscribed by nearly 4 times till 4:15 PM. Global markets   Stocks were stranded just below record highs on Friday, with investors left looking for direction after digesting the US Federal Reserve's more hawkish stance. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was flat after falling for four sessions. Chinese blue-chip shares were also little changed, along with Japan's Nikkei. In Europe, a slide in bank and energy stocks hit shares, with a hawkish policy outlook from the US Federal Reserve also casting a dampener. The pan-European STOXX 600 index was down 0.2 per cent while Germany's DAX index fell 0.3 per cent.

Business Standard Podcast
Market Wrap Podcast, May 18: Here's all that happened in the markets today

Business Standard Podcast

Play Episode Listen Later May 18, 2021 7:21


Enthused by less than three lakh daily Covid-19 cases for the second straight day, domestic indices advanced over 1 per cent on Tuesday. Automobile and consumer discretionary stocks caught investors' fancy as they hoped that restrictions would ease once cases decline further. Supporting the sentiment were news flows around vaccination front that more and more pharma companies are tying up for vaccine manufacturing. Visibility on economic recovery has largely continued even during the lockdown and now, with restrictions likely to ease, consumer demand is expected to make a come-back, believe analysts. On the top of it, global brokerage Morgan Stanley's belief that Indian equities are likely to outperform their emerging market (EM) peers in 2021 further bolstered sentiment. While the brokerage's base case scenario pegs Sensex at 55,000 by December this year, it may hit 61,000 in a bull-case scenario. Given this, the benchmark S&P BSE Sensex soared 613 points, or 1.24 per cent, to end the day at 50,193 levels with only four stocks -- Bharti Airtel, ITC, Dr Reddy's Labs, and State Bank of India -- settling the day in the red. The index settled above the 50,000-mark for the first time since April 1. On the NSE, the Nifty50 index reclaimed the 15,000-mark for the first time since March 12 on a closing basis, and shut shop at 15,108 levels, up 185 points or 1.24 per cent. M&M (up 6 per cent), Bajaj Auto, Titan, Bajaj Finance, Adani Ports, Tata Motors, and Indian Oil Corporation were the top Nifty gainers today while Airtel, ITC, Coal India, Divis Labs, UPL, and Grasim were the top laggards. In the broader market space, the S&P BSE MidCap index zoomed 1.9 per cent to settle at 21,232 after hitting a record peak of 21,265 levels earlier today. Investors are heading more for mid-cap stocks as growing risk appetite and cheaper valuations of these companies as compared to large-cap peers have revived their popularity. Jubilant FoodWorks, Indian Hotels Company and Page Industries from the consumer discretionary space; Ashok Leyland, TVS Motor Company and Bharat Forge from automobiles; AU Small Finance Bank, Muthoot Finance, Shriram Transport Finance Company and Federal Bank from financials; and Adani Transmission, Adani Power and Adani Green Energy from Adani Group were up between 3 per cent and 6 per cent on the BSE. The SmallCap index, meanwhile, ended 1.3 per cent higher at 22,848. Individually, shares of Gland Pharma hit an all-time high of Rs 3,135 on the BSE, up 12 per cent over its previous close, following a 34 per cent year-on-year rise in its consolidated net profit to Rs 260.4 crore in the March 2021 quarter on robust sales. The stock has rallied a whopping 108 per cent since its listing in November last year. The firm's March quarter results have convinced analysts of more upside as they see growth prospects for Gland going ahead. That apart, shares of Adani Green Energy were locked in the 5 per cent upper circuit band for the second straight day, at Rs 1,199.65 on the BSE on Tuesday, after a Bloomberg report suggested that the Adani Group Company is in advanced talks to acquire privately-held SB Energy Holdings Ltd. The company, however, has clarified that at this point in time, there is no event / information that requires disclosure neither there is any definitive agreement signed by the Company which requires any disclosure. However, the Company shall make appropriate public disclosures as and when there is a disclosable event. Shares of Tata Motors ended 3.5 per cent higher ahead of the announcement of its Q4 results. The automobile major reported standalone net profit of Rs 1,690 crore in the March quarter compared with net loss of Rs 2,215 crore in the previous year period. On a consolidated basis, net loss stood at Rs 7,623 crore. On the downside, shares of Bharti Airtel slipped as much as 2.7 per cent to Rs 534.65 on the BSE, in an otherwise firm market after the telecom o

MBA | BBA Classes By Amrita Jha
Case of Ashok Leyland discussed in MBA HR

MBA | BBA Classes By Amrita Jha

Play Episode Listen Later Mar 25, 2021 24:34


Management case studies discussed on HRM Special paper #Ashokleylnd case. #mba #hrspecial #mbahr #icfai #makaut #nmims #symbiosis Prof. Amrita Jha 9748882085 --- Send in a voice message: https://anchor.fm/psbtrainingacademy/message

Masterclass With Fearless Educator
How can we make children think like a scientist? | Aneesh Bangia, Co-Founder - Open Door

Masterclass With Fearless Educator

Play Episode Listen Later Jan 4, 2021 49:37


About Speaker: Aneesh Bangia is an alumnus of IIT Madras. After working in Ashok Leyland for a year, he discovered his love for teaching. He started teaching children and then turned into an entrepreneur to solve the more fundamental issues with the school system. He is the co-founder of a revolutionary start-up called Open Door. Aneesh started Open Door in 2014 along with his college mate Abhishek Kariwal with the vision of making students better self-learners. In the first year of inception, they started teaching children in small batches in their learning centres in Pune and Bangalore. They used to teach by mainly asking questions and allowing children to understand difficult concepts by themselves. Aneesh strongly believes that the teachers in classrooms should speak less, ask more questions and once they have asked a question, they should allow children the time to think. The purpose of teaching should mainly be to develop thinking habits among children, with learning of the topic being a by-product. --- Send in a voice message: https://anchor.fm/future-school-leaders/message

Stock markets - Trade and Invest with Aniket Choudhari
Stock Markets(Nifty 50) as on 16 Dec + Booked profits in ashok Leyland? + Thyrocare stock pick + News

Stock markets - Trade and Invest with Aniket Choudhari

Play Episode Listen Later Dec 16, 2020 11:33


This podcast gives a 360 degree overview of the Indian stock markets and the index of Nifty 50 and all other gainers and losers for the day. the stock picks from point of view of technical view are shared with a review of day before picks and fresh trading stock picks. The news around the world and India is discussedAshok leyland,India Mart, Thyrocare are the stocks discussed with a revisit to Mrs bectors,Burger King and the news todaySupport the show (https://www.youtube.com/channel/UCpo00Gr2UYgA-EQzrQRGaiQ?view_as=subscriber)

Stock markets - Trade and Invest with Aniket Choudhari
Stock markets(Nifty 50) on Sep 15 + Ashok Leyland Breakout Fake or Real?

Stock markets - Trade and Invest with Aniket Choudhari

Play Episode Listen Later Sep 15, 2020 6:09


This podcast gives a 360 degree overview of the Indian stock markets by the view of the Nifty 50 index. The Nifty 50 index is showing bullish signs and the move today is bullish.The stock of Ashok Leyland is discussedSupport the show (https://www.youtube.com/channel/UCpo00Gr2UYgA-EQzrQRGaiQ?view_as=subscriber)