Market News
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ICICI Prudential's Anand Shah favours manufacturing, consumer services despite inflation risks
Anand Shah, CIO-PMS & AIF at ICICI Prudential AMC, believes manufacturing-focused mid- and small-cap companies are well placed to benefit from stronger earnings growth, rupee depreciation and a gradual shift towards domestic production. He remains overweight on consumer services, private banks, asset managers and insurance firms, while expecting telecom industry profitability to improve over time through tariff hikes. Shah also warned that inflation risks from energy and food prices could weigh on consumption.
Reliance Jio IPO filing nears: A look at its rise, scale, profitability
As Reliance Jio nears a reported $4 billion IPO, here's a look at how India's largest telecom operator grew, its subscriber base, services, profitability and future plans
Reliance Jio IPO: RIL's telecom arm may file draft papers for $4 billion public issue within days, says report
Reliance Jio Infocomm is preparing to file for a $4 billion IPO, potentially becoming India's largest public offering. This move follows a significant fundraising history and aims to enhance Jio's operational capabilities while managing valuation expectations ahead of its upcoming AGM.
Reliance Jio likely to file $4 billion draft IPO papers ‘within days’ before CMD Mukesh Ambani's AGM speech: Report
Jio IPO: Telecom major Reliance Jio is likely to file papers for its draft initial public offering “within days”, ahead of Chairman and Managing Director Mukesh Ambani's annual speech, according to a report by the Financial Times.
Telcos reject call for cheaper, standalone voice & SMS plans
Telecom operators Reliance Jio, Airtel, and Vodafone Idea have rejected the Telecom Regulatory Authority of India's (Trai) proposal for mandatory affordable voice and SMS-only plans. Consumer advocates argue this forces millions of feature phone users to subsidize data they don't use, while telcos claim it's technically unsound and anti-consumer.
Telcos, businesses spar over calls, SMS consent regime
Telecom firms and banks are locked in a dispute over India's new digital consent rules for commercial messages. Major operators like Bharti Airtel and Reliance Jio want exclusive control over customer consent. They argue smaller players contribute to spam. Other stakeholders believe dominant telcos seek to monopolize a profitable new system.
ED Arrests Ex-Reliance Telecom Director Satish Seth; To Produce Him In Delhi Court
The CBI has booked and raided Seth's premises earlier in March as part of its investigation into an alleged loan fraud worth Rs 114.98 crore at the State Bank of India (SBI).
Nifty 50 target cut by Citi to 26,000 - Key risk factors, top picks explained
Citi has highlighted Financials, Telecom, Healthcare, Defence and Utilities as their key "overweights", while IT Services, Staples, Metals are their top "underweights." It has also added Hitachi Energy into its list of top picks having initiated coverage on the stock recently.
Stocks to Watch for June 10: Bharti Airtel, Indigo, Ajanta Pharma, OMC stocks and more
Bharti Airtel gains relief after the Bombay High Court quashed OTSC demands, while IndiGo remains in focus following a 10% hike in aviation turbine fuel prices. Ajanta Pharma sees a promoter stake sale via a block deal, the government expands NLC India's OFS, and Dixon Technologies plans a telecom manufacturing joint venture with Gemtek. Here are the key stocks to watch ahead of Wednesday's trading session.
Quant MF's Sandeep Tandon prefers power and telecom themes, remains cautious on manufacturing plays
Sandeep Tandon, Founder & CIO of Quant MF, remains cautious on kitchen appliance and consumer manufacturing companies. He said revenue growth in the segment has been modest over the past few years.
Provigil Surveillance receives LoA from South Western Railway
The project pertains to the Provision of CCTV at 75 Non-Interlocked Manned Level Crossing Gates over Hubli Division. The scope of work includes supply, installation, testing and commissioning of CCTV / Video Surveillance Systems, networking and telecom infrastructure, integration of monitoring systems, power backup arrangements, solar power systems, computer vision-based gate monitoring solutions and other ancillary infrastructure required for the project.
From Adani Green to Tata Tech: 50 companies swing back to profit in Q4 despite market turmoil
Indian companies show strong recovery. Over 50 firms moved from losses to profits in the March quarter. This turnaround happened despite market volatility and global concerns. Sectors like telecom, auto, and pharma saw significant gains. This signals resilience in India's corporate sector. Many businesses improved operations and profitability.