Before the second Covid wave hit India, three international organisations were gung-ho about India’s economy overcoming the odds in its path and registering double-digit growth. Organisations forecasting strong growth for India included the likes of the Asian Development Bank, the International Monetary Fund and the World Bank. The Economic Survey of FY21 also went to …
Overview of the impact on the industry During the first wave of the pandemic last year, rural India helped to cushion the consumer goods market. This time, a severe second wave of the virus may make that impossible. Due to local lockdowns and a shortage of staff for last-mile distribution in rural areas, demand has …
India is on the backfoot. Earlier, several market experts were discounting the scope and gravity of the Covid-19 pandemic raging in India in the hope that a robust, widespread vaccination campaign will be rolled out as soon as possible. While the vaccination campaign is underway on a large scale and at a fast pace, it …
Buybacks are back in action. Data released by a market research firm states that 61 companies in FY21 offered to buy back shares worth Rs 39,295 crore. Of these buyback offers, the largest ones came from tech companies, namely, Tata Consultancy Services and Wipro. Both the companies made offers worth Rs 16,000 crore and Rs …
At a time when income levels are subsiding in rural areas, Hero MotoCorp faces an uphill task of maintaining healthy sales volume. For the quarter ended March, the two-wheeler manufacturer reported EBIDTA of Rs 1,211 crore on the back of strong revenue growth. The upside to the Hero MotoCorp stock is challenged by an inclement …
International ratings agency Fitch Ratings has said that the second wave of Covid-19 infections in India may not impact the economy as severely as last year but rings a note of caution when it observes that risks to the country’s financial institutions have increased. It adds that the second wave may sap near-term momentum of …
Businesses and companies across India have gone through unique ups and downs ever since the outbreak of the novel coronavirus in 2020. However, India’s FinTech industry has emerged as a game-changer amid the pandemic. With more than 2100 FinTech companies in the country, the industry is estimated to be worth $50-$60 billion at present. Undeterred …
Several Public Sector Banks rank quite high when it comes to holding toxic assets on their books. Additional pressure piling on to a swathe of commercial, industrial and retail loans because of the first and the second lockdown has dampened the lending sentiment and increased the quantum of non-performing assets in the ecosystem. The balance …
The recently released subscriber data by the Telecom Regulatory Authority of India (TRAI) shows that Bharti Airtel, Reliance Jio and Vodafone Idea added subscribers for the month of February. However, Bharti Airtel has managed to lead the market in terms of active subscription base by adding 3.7 million active subscribers in February. While Reliance Jio’s …
Mention ITC amidst a gathering of stock market enthusiasts and you would most likely find yourself swooped upon by fanboys of the stock touting it as the next big multi-bagger that is all set to deliver stellar returns to its shareholders. To be fair to the FMCG company, ITC has indeed delivered well on that …
