There’s no silver bullet to leadership; live by values!
India Business News: Learn about the importance of values in leadership and how they can guide your path. Find out why there is no one-size-fits-all approach to leadership. Key Points
Times Of IndiaBudget 2024: Hand on the gear, getting ready to thrust ahead
The interim budget signifies a departure from sector-specific handouts, prioritizing fiscal consolidation with a lower-than-expected fiscal deficit. The focus remains on increased capital expenditure, innovation, and entrepreneurship support, green initiatives, tourism promotion, and ongoing reforms. The budget reflects a holistic approach to empower all sections of society for sustainable growth, creating a robust foundation for India's development. Key Points
Economic TimesQuestion for state welfare schemes in India — Keep women at home or make them independent?
Ladli Behna Yojana only monetises women's unpaid labour and does little for their mobility. Govt can do better. Key Points
ThePrintTVS Supply Chain Solutions sells Circle Express for Rs 21 crore
New Delhi, Sep 29 (PTI) TVS Supply Chain Solutions Ltd on Friday said its wholly-owned arm RICO Logistics Ltd has sold the entire stake in subsidiary Circle Express Ltd, UK, for 2.1 million pounds (about Rs 21.32 crore). The move is designed to boost the company’s profitability and sharpen its focus on core offerings to […] Key Points
ThePrintChintan Shivir to focus on ensuring high growth rate
The finance and corporate affairs ministries plan to hold a two-day Chintan Shivir starting 20 August at Gujarat's Kevadia, which will comprise short and long-term measures to sustain growth rates, control inflation and tackle external challenges. Finance and corporate affairs minister Nirmala Sitharaman is expected to attend, while senior ministry officials will also be present. Key Points
Economic Times
Breakout Stocks: How to trade Adani Enterprises, Prime focus and Sudarshan Chemicals on Thursday?
Buying was seen in consumer durables, healthcare, utilities, and FMCG while selling was visible in banks and metals on Wednesday. Stocks in focus today include names like Adani Enterprises, which was down nearly 6%; Prime focus was up nearly 13%, and Sudarshan Chemical Industries closed with gains of nearly 12% on Wednesday. Key Points
Economic Times10 Inspirational Quotes by Steve Jobs on Innovation and Creativity
Steven Paul Jobs was an American business tycoon, industrial designer, media proprietor, and investor. He was the co-founder, chairman, and CEO of Apple. Key Points
Times of IndiaAshok Leyland working to bring EBITDA margins back to 14-15%; optimistic about Q1 too: Shenu Agarwal
Ashok Leyland's focus is on profitability and getting back to its pre-Covid-19 peak EBITDA levels. The automaker aims to expand its reach, increase its market share, and expand its product portfolio. By working on alternative fuels, electric and hydrogen cars, Ashok Leyland aims to bring in new products for Indian and other overseas markets. Although electric vehicle sales depend on STU orders, the company aims to quickly finish those and launch electric Dost and Bada Dost models by late 2021 or early 2022. Key Points
Economic TimesI Tried These Brain-Tracking Headphones That Claim to Improve Focus
Neurable’s MW75 Neuro is an everyday brain-computer interface that aims to boost your productivity. It also raises questions about data privacy. Key Points
WIREDETMarkets Smart Talk: Investors should taper returns expectation in 2024; focus on quality businesses: Sah
Sahil Kapoor believes that the upcoming Interim Budget 2024 or Vote on Account is unlikely to make major announcements and will focus on continuity in tax regime and economic visibility. He warns that the current bull rally on the stock market may be derailed by factors such as fiscal deficit and profit booking. Kapoor advises investors to lower their return expectations and focus on the quality of businesses and their valuations. Key Points
Economic Times
For capital gains, 4 midcap capital goods and engineering stocks have upside potential of up to 32%
Two things which impact the demand for capital goods. First is the spending, both by the government and private sector. Second is the focus of the government policies. As far as the first is concerned, government focus money has been going into infrastructure space and hence anything to do with roads and bridges have been doing extremely well. On the policy side, the focus of government policies increasingly turning favorable toward the manufacturing sector, select capital goods and engineering companies which cater to sectors like EV and textiles are making a comeback on the analysts list. Key Points
Economic TimesAI in Washington’s crosshairs but consensus far from certain
Some proposals focus on AI that may put people's lives or livelihoods at risk, like in medicine and finance. Other possibilities include rules to ensure AI isn't used to discriminate or violate someone's civil rights. Key Points
The Indian ExpressInflation data, earnings, global trends to guide market movement this week: Analysts
Investors would also focus on the movement of crude oil prices and the trend in the rupee against the US dollar.Wholesale Price Index (WPI) inflation data for March would be released on Monday. Key Points
FinancialexpressRobert Eggers’ 'Nosferatu' set to haunt theaters Christmas 2024; here's everything you need to know
Renowned director Robert Eggers helms the anticipated Christmas 2024 release of Nosferatu, a gothic tale starring Bill Skarsgård and Nicholas Hoult. This second remake of the 1922 classic weaves a haunting narrative of obsession between a young woman and a terrifying vampire. Eggers, known for audacious filmmaking, reunites with focus Features, promising a cinematic feast. The studio's roster also includes diverse projects like Amy Winehouses biopic, ensuring a captivating cinematic future. Key Points
Economic TimesHimachal Pradesh to be richest state in 10 years: Sukhvinder Singh Sukhu
We are aggressively pushing for green hydrogen and solar energy in setting up industry. Another focus of our budget will be on tourism. We have made a big jump from a budget of Rs 50 crore to Rs 3,000 crore, says Sukhvinder Singh Sukhu. Key Points
Economic Times
Nirmala Sitharaman returns as Finance Minister with analysts' votes in favour of Modi's faith in her
Modi's new cabinet: Indian Prime Minister Narendra Modi's decision to reappoint Nirmala Sitharaman as the country's finance minister signals policy continuity, reassuring market analysts. With a focus on infrastructure and fiscal discipline, Sitharaman faces the challenge of managing fiscal demands in a coalition government. Analysts predict a continued emphasis on infrastructure spending and adherence to fiscal conservatism. Key Points
Economic TimesFor risk takers with long-term perspective: 5 midcap stocks with upside potential of up to 47%
Now that sensex has turned negative for 2024, focus will shift on how the returns. The narrative will focus on how returns and how the valuations are expensive. Yes, there is no doubt that valuations are expensive, they were even higher a month back, when everyone was saying cheers to mid-cap. At this point of time the question whether “ I should sell or buy more” needs to be replaced by “what business do I own and whether that business is going to grow or not” The reason why it is important to change the question itself is the fact that it business on the ground which will make the difference between in final returns. If by next month, markets are rallying once again, then all this talk about valuation will go away in thin air. Key Points
Economic TimesReady for another round of re-rating? 4 mid & smallcap cement stocks with upside potential of up to 30%
For the last nine years on the priority list of the government has been building physical infrastructure like roads, highways, ports and airports. Binding all the infrastructure projects, whether big or small are two commodities, cement and steel. In the cement sector, small and mid sized companies have been able to take advantage of this focus and increased spending by the government and have been able to both clean up their balance sheet and in some cases, they have gone ahead and increased their capacities which would be getting commissioned soon. With continued focus on infrastructure, will these companies be able to see another round of re-rating? Key Points
Economic TimesChintan Shivir to cocus on ensuring high growth rate
The finance and corporate affairs ministries plan to hold a two-day Chintan Shivir starting 20 August at Gujarat's Kevadia, which will comprise short and long-term measures to sustain growth rates, control inflation and tackle external challenges. Finance and corporate affairs minister Nirmala Sitharaman is expected to attend, while senior ministry officials will also be present. Key Points
Economic TimesIs China's stimulus at work? 5 metal stocks which can deliver up to 35% returns, as per analysts
China is one of the biggest consumers of metals. Be it copper, aluminum or steel. When the global market gets indication that the Chinese government is planning a push for its real estate market or giving any kind of stimulus then metal prices tend to firm up. One of the reasons why only large companies are in focus could be the fact that with the bumper earnings which these companies have made in the last two years,some of them have reduced their debt. Key Points
Economic Times
Earnings season held up well; positive on Cipla and Sun Pharma: Mayuresh Joshi
The BFSI space has held up well. Midcap IT has produced another quarter of stupendous earnings and management commentaries are pointing out towards no damage to probably come from either the pricing action or demand dynamics at least at this juncture. A few of the capital good companies obviously have reported a strong set of numbers and though cement companies have disappointed, the reason is obvious. Q2 is expected to be weak for monsoons. Key Points
Economic TimesETMarkets Smart Talk: India in a sweet spot; we expect higher allocations from FIIs in 2024: Alok Agarwal
FIIs expected to increase allocations in India due to clear growth visibility. Budget 2024 may focus on capex, indigenisation, and manufacturing. Defence, railways, power, capital goods, and real estate likely to be in focus. Pharma sector seeing a rally due to stable pricing environment and expectations of favourable generic pricing in 2024. Investors should focus on remaining invested and sticking to planned asset allocation. Key Points
Economic TimesIt's important to de-risk global economy in era of volatility and uncertainty, says S Jaishankar
External Affairs Minister S Jaishankar has said that the India-EU Trade and Technology Council (TTC) is a significant milestone in the strategic partnership between India and the European Union. The meeting, co-chaired on the Indian side by Jaishankar, Commerce and Industry Minister Piyush Goyal and Communications, Electronics and IT Minister Rajeev Chandrasekhar, covered key focus areas of strategic technologies, digital governance and green energy technologies. Key Points
Economic Times‘We will focus on CNG, IIFL, finance, 20000 crore, FY24s, not hybrids … also on SUVs, safer cars’
The Punch has been a game changer both for us and the industry, and now new players are entering this segment of micro SUVs. The Punch has sold more than 200,000 units in just 20 months. Key Points
FinancialexpressUS Fed interest rate decision key event to watch out for this week: Analysts
International Business News: Stock markets are influenced by US Fed rate decision and global trends. Concerns over foreign investors, smallcap, midcap decline persist. Keep a clos Key Points
Times Of India
Stocks in news: Paytm, Sula Vineyards, ZEE, Omaxe, SpiceJet
Zee Entertainment has alleged that Star India has not acted in accordance with the agreement between them over the sharing of the TV broadcast rights of ICC cricket matches and has sought a refund of Rs 68.54 crore from the Walt Disney-owned firm. Key Points
Economic TimesCipla eyes acquisitions, inorganic partnerships in US market
Cipla plans acquisitions and inorganic partnerships in the US market while strengthening its presence in the domestic market. The company aims to improve top line growth in Europe and expand margins in South Africa. It will focus on commercial execution, resolving USFDA observations, and growing private and select tender business. Derisking top launches and resolving regulatory issues at manufacturing plants are top priorities. Key Points
Economic TimesBudget 2024: FM Nirmala Sitharaman hints at govt's four focus areas ahead of Feb 1
Union budget 2024: Finance Minister Nirmala Sitharaman has emphasised that the government's policies will prioritise the welfare of youth, women, farmers, and the poor in the upcoming interim Budget, to be presented in Parliament. She stated that the focus will be on uplifting these target groups without considering caste, community, or religion. Key Points
Economic TimesInvesting in Bharat: 3 stocks which benefit from government focus on increasing rural incomes
Somehow a narrative has been built that if one has to play on increasing rural income, it is either FMCG for two wheelers which are the stocks to look at. Yes it might have been true couple of decades back, but the fact is that in last couple of years there has been many companies which are focussed on purely on rural economy So, they sell their product on in that particular market and when there is boom in that part of the economy, the incremental addition to their margin is high. These companies form the part of the rural income chain. Both the companies which are focussed on increasing agriculture productivity and the non agriculture side of rural incomes have been in focus. Key Points
Economic TimesMorgan Stanley sees India outperforming China in 2024; adds RIL, DMart to focus list
India has delivered strong relative earnings, sustaining the strong market outperformance seen in 2022, while macro-fundamentals have withstood tightening financial conditions in the US. “India is set to establish secular economic and earnings outperformance vs EM,” the investment bank said in its 2024 outlook report. Key Points
Economic Times
Weaving profitability in new global order: 4 stocks from textile sector with upside potential of up to 45%
There are sectors which under perform for years and then they come back to focus. Thanks to the fact that the textile industry was completely dominated by China and other countries, the Indian textile industry has been in bad shape for decades. However, post covid, partially due to China Plus one narrative. Secondly due to the fact that the government has been focusing on manufacturing, textile stocks have come into focus. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum. Key Points
Economic TimesFocus: US space startups' latest struggles marked by layoffs, shake-ups
U.S. space startups have slashed workforces and restructured operations to survive amid an investment drought that has grounded once-lofty aspirations. Key Points
ReutersAdding sweetness to portfolio; 5 stocks from sugar industry with upside potential of up to 35%
Recent spike in prices of sugar futures in the global commodity markets have brought back focus on the sugar sector. However, in the case of India, the sugar sector has been going through a transformation much before that and the bottom lines are becoming better for a large majority of companies. All thanks to mixing ethanol with other fuels. As the underlying macro changes sugar companies are making a comeback on the analyst list and some of them have seen an increased participation by institutional investors. Key Points
Economic Times3 stocks from sugar industry with upside potential of up to 33%
The Indian sugar sector has gone through a transformation. From being just a provider of an essential commodity, to being the largest provider of ethanol. Some companies have shifted their focus and have gone through restructuring by hiving off their ethanol unit to focus on ethanol only. As the underlying macro changes sugar companies are making a comeback on the analyst list. Key Points
Economic TimesTCS investing significantly in building AI capabilities: Chairman
Advancements in Artificial Intelligence (AI) have made AI transition a central focus and impact of AI and Machine learning was going to be profound, said Tata Consultancy Services Ltd. (TCS) Chairman N. Chandrasekaran. Key Points
The Hindu
5 stocks from sugar industry with upside potential of up to 43%
The Indian sugar sector has gone through a transformation. From being just a provider of an essential commodity, to being the largest provider of ethanol. Some companies have shifted their focus and have gone through restructuring by hiving off their ethanol unit to focus on ethanol only. As the underlying macro changes sugar companies are making a comeback on the analyst list. Key Points
Economic Times4 small and mid caps FMCG stocks with strong brands with an upside potential up to 32 %
FMCG companies are one of most over researched companies in India and probably this only happens in Indian markets. However, all the focus in the FMCG sector is only on a few select well known names like HUL,Nestle, Britannia and Dabur. But there is more to it, companies in niche areas with a strong brand. ET screener powered by Refinitiv’s Stock Report Plus lists down mid and small cap stocks from the FMCG sector with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic TimesCan't let my parents down: World Boxing Champion Nikhat Zareen
“She would put on weight and it wasnt the right thing to do,” said Jameel. “We had to ensure that even during lockdown, her focus stayed on the world competitions.” The father-daughter duo soon devised their own plans. She would skip in the morning and train in the afternoons on the terrace. And the routine was as rigorous as the national camps. Key Points
Economic Times'Invisible planes in 4th century India, rockets of Krishna's grandson': What states want in NCERT books
Haryana proposes students be taught that Maharishi Kanada is father of atomic theory not John Dalton. YSRCP-led Andhra says need to 'not succumb to superstition in name of antiquity'. Key Points
ThePrintCorrections are short term, focus on fundamental tailwinds: Banking stocks that may deliver more than 20%
Why should the decision which traders take, should not be copied by investors? Simple, traders are looking to generate income from short term movement in stocks, whereas investors focus has to be generating wealth from long term trend in growth of business. But the fact is that short term narratives which are essentially governed by technical factors, tend to affect a lot of investors also and that is what leads to decisions which should have been avoided. In the last three weeks, not even one sector has been spared by bears, they were seen across the street. So, while traders should bother about the fact that what has happened to bank stocks in the short term, investors should focus on whether the health of the banks both in terms of NPA’s and credit growth has been better or not. If that answer is yes, which at this point of time it is then what is happening to bank nifty should not bother an investor. Key Points
Economic Times
These largecaps have ‘strong buy’ and ‘buy’ recos with upside potential of over 20%
After a long period of time, bears are seeming confident. How long they will be able to roam on the street is the question for which answers are being sought. For that it would be better to focus on why the correction is taking place. Whether there is just a profit booking after a long phase of out performance or there are any headwinds which the economy is either facing or is likely to face. The answer is very clear that this phase of profit booking and there are no headwinds, in fact there are more tailwinds of clear policy making. This is not to say that this corrective phase will not continue further, if there is any increase in oil prices, there might be some short term pressure, but the long term story stays intact. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . The screener applies different algorithms for all BSE and NSE stocks. Key Points
Economic TimesStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 36%
The script of the up move in the markets continues to be the same, PSU’s, so whether it is PSU banks or any other non-bank PSU, on the list of top gainers is being dominated by them once again. Well there is no point in guessing till when this up move can continue in in PSU space, but if one is looking for investing in non- psu space, it would be better to focus on fundamentals and if there is any improvement in them which has made the overall score go up in the last one month then have a look at those stocks. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesFor risk takers with a long-term perspective? 6 midcap stocks from different sectors with the right ratio
This week there was a sharp correction in the mid-cap index, and market breadth was also weak. This should serve as a warning to all those who are buying stocks without bothering to look at what is the business of the company. The way correction panned out, there is higher probability of a correction in mid-cap space continuing if there is more trouble with Nifty. But rather than bothering about what will happen to nifty in the next few weeks or quarters, long term investors looking to take exposure to the mid-cap should focus on individual companies and their underlying business. At the same time, because overall valuations are high, be ready for underperformance for some time and focus on the long term. Key Points
Economic TimesAsian stocks slide as focus turns to US jobs
By Tom Westbrook SINGAPORE (Reuters) - Asian stocks slipped to three-week lows on Tuesday while bonds and the dollar steadied as investors tempered expectations for cuts to U.S. interest rates and Key Points
ThePrint