GST rationalisation: Review going on, a rate reset may come by September end
GST rate rationalisation: The group of ministers has postponed restructuring tax slabs, but has continued to review rates for items in the 12% and 18% brackets. They are considering sectors like health insurance, restaurants, and some food products. Final decisions on specific goods and services are anticipated by the end of September. Key Points
Economic TimesStock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 41%
Once again everything is looking green, the way FY 25 has started, it appears that bulls were on short term break due to tight liquidity conditions which tends to appear in the last month of every financial year. While the local liquidity condition might improve, the issue of high valuation is still not over. It is still a time to be cautious in terms of not going overboard with taking exposure to a certain stock, selective about what one is buying. The reason, if the street becomes selective and gets into correction mode once again, it is stocks where there has been improvements in the business operating matrix will be able to weather the storm better. 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 TimesStable policy, stronger balance sheets make them ready for another round of re-rating? 6 sugar stock with
If one was to look at the history of the sugar industry. Two things would stand out, their balance sheet was ridden with debt. Why it was ridden with debt because it is an industry where the policy and political interference was maximum. Second, the companies used to dread the time when elections were coming closer. The reason was simple, in order to please the vote bank, there would be announcements which would put pressure on the industry. The top most being the hike in the minimum support price (MSP) or fair remunerative price as it is called by this name also. It is essentially the minimum price at which sugar mills are supposed to buy sugar cane from farmers. But things have changed for the better in the last ten years and debt numbers and also stock prices are clearly showing that. There is no arbitrary change in policy around election time. The question is whether a better debt situation would lead to stronger re-rating this time? Key Points
Economic TimesIs the trial by fire of retailers in India over or there is more to it? 4 stocks from organised retail spa
There are many industries which go through a trial by fire. The notable reasons being, evolving policy framework, requirement of extremely patient long term capital, intense competition coming from a strong player, basic structure being very low net margins, sudden change in technology coming as a threat. The five of the many reasons listed above, probably Indian retailers, is an industry which has seen all of them. Right from a policy framework on how much foreign equity can come ? Whether it can come in direct consumer retailing or only in wholesale trade? To a giant like Reliance Industries entering into this space to the birth of flipkart to the entry of Amazon in India. You name it, the Indian retail industry has faced headwinds of all sorts. But it is more than two decades since the birth of organised retailing in India and that is a long enough period for any industry to complete its trial by fire, leaving it with few companies which are able to finally grow. Has the industry reached that point or there is still a long way to go ? Key Points
Economic TimesOpportunity in short term headwinds? 4 AMC stocks with upside potential of up to 37%
While there is always a talk about how many new demat accounts have been opened every few months. But how many folios have got added in the mutual fund industry is something which does not make it to headlines. What makes a headline is just the headwinds, about new rules and regulations or a new competition coming up. But in reality, this fact is that for mutual funds houses or AMC companies, these headwinds are very minor things to handle, because they have the biggest macro tailwind of financialisation of saving, a trend which got really strong post demonetisation. Let's look at the different headwinds and some narratives around them which the AMC industry has dealt with over many years and still come out strong. Key Points
Economic Times
Plan to reward patent, IPR creation in technical textiles in the works
As per the draft rules, the IP of the research outcome will generally vest with the host institution on behalf of the ministry. For all Indian patents, the government will have march-in rights, including the option of compulsory licence, in case of any exigency arising for the patent and technology to protect the interest of public, it said. Key Points
Economic TimesIT’s 2030 staff doubling target looks distant on slump, GenAI
India's IT sector may miss its target of doubling its workforce to 10 million by 2030 due to a slump in demand for tech services and the threat of AI-induced job losses. The industry currently employs 5.4 million workers, but this could only reach 7.5 million by 2030. Key Points
Economic TimesIs the worst behind them? 5 agrochemical stocks with upside potential of up to 38%
Majority of businesses have a cycle of ups and downs. The question is whether the downs are cyclical in nature or they have come up due to one off event. If they are cyclical in nature then is the cycle likely to turn around soon or not ? In the case of a one off event then whether that event's impact is going to be over or will have a deep impact or not ? In the case of the agrochemical sector there is a mix of both, it has an element of cyclicality because of the fact that it takes care of sectors like agriculture where there is seasonality and that brings in an element of cyclicality in agro chemical business. Also there has been one off event in terms of over inventory plaguing the industry globally. Will this be over, while it might be too early to say anything in an industry where China is the dominant player, but surely it would be worthwhile to bring them back on the watch list. Key Points
Economic TimesAuto industry to invest $7 bn in 5 years to deepen parts localisation
The Indian auto industry is set to invest up to $7 billion by FY28 to deepen localisation of advanced components, including electric motors and automatic transmissions, to reduce imports and capitalize on multinationals' 'China Plus One' sourcing strategy. The Automotive Component Manufacturers Association (ACMA) reports that automakers and suppliers are likely to make this investment between FY24 and FY28. Key Points
Economic TimesAn AI failure database can help foster innovation safety
Experimental technologies thrive on a 'culture of failure' as that’s how we learn from mistakes. We can mitigate AI risks by recording and analyzing mishaps. This is how aviation grew safer. Key Points
mint
Govt to herald next-generation reforms; industry must be a key driver of developed India vision: FM Sithar
Finance Minister Nirmala Sitharaman announced the Indian government's intent to implement next-generation structural reforms in factors of production, including land, labor, capital, and digital public infrastructure. Speaking at a Ficci event, she urged the industry to be a key driver in achieving the goal of a developed India by 2047. Sitharaman highlighted opportunities in space, logistics, AI, and R&D, emphasizing the need for industry collaboration. Key Points
Economic TimesFM Sitharaman lauds reforms under Modi govt, asks India Inc to ‘join in a big way’
Finance Minister Nirmala Sitharaman has urged the corporate sector to increase private capital expenditure and participate in India's economic growth. She emphasized the trust of global investors in India and called for greater joint venture partnerships. Sitharaman also emphasized the continuation of reforms, including digital infra, and emphasized the role of the Indian industry in aligning with national interests. Key Points
Economic TimesK.V. Karthik of Tamil Nadu’s Deccan Industries Elected President of Indian Pump Manufacturers Association
India Business News: Mr K.V. Karthik, MD Deccan Industries, one of India’s leading pump manufacturing companies, has been elected as the president of Indian Pump Manufacturers Association (IPMA). Key Points
Times Of IndiaIndia rejects European FTA bloc’s ‘data exclusivity' demand
India on Thursday said it has rejected the demand of the four European nations EFTA bloc for inclusion of a 'data exclusivity' provision in proposed... Key Points
The Tribune India‘Tech sector at $254bn in year of uncertainty’
India’s technology and tech services industry is expected to end FY24 with $253.9 billion net revenues, up by 3.8% from a year earlier in a difficult year for bellwether IT services companies Key Points
mint
Time for them to say cheers and get re-rated? 4 not so well known smallcap breweries and liquor stocks
In the last three years, many sectors and companies which have been in the dumps for years have made a comeback. There are two kinds of comebacks, one is comeback on the dalal street. Second is a comeback in the real business. It is the second one which is more important as that is what finally matters to even the street. If one looks at the history of the liquor industry it has been dominated by two large names, but over the last few years, many smaller companies have made a comeback in a real business sense. Some due to their one brand getting super successful, others have been able to restructure their operation, reduce debt by selling some of the non core assets. Some by becoming bottlers and outsourcing their capacity to large players. In a nutshell, after two decades of ups and downs, these smaller players have reached the point where there is a possibility that they might see a re-rating, if they stay in course of clean and transparent corporate governance. Key Points
Economic TimesGovt, industry discuss ways for successful implementation of PLI schemes
Senior government officials and industry players have discussed ways to enhance collaborations and create a clear action plan for successful implementation of PLI schemes. Around 1,200 delegates including beneficiary companies under the PLI scheme for 14 sectors and officials met to discuss and chart out the strategy for effective implementation. Officials from ministries and departments, including NITI Aayog, electronics, IT, telecommunications, heavy industries, renewable energy, and pharmaceuticals, participated in the discussions. Commerce and industry Minister Piyush Goyal encouraged industry's constructive feedback and collaborative engagement to shape the policies and effectiveness of the schemes. Key Points
Economic Times'Government will try to back startups in mobility sectors'
India Business News: Discover how the government plans to back startups in the mobility sectors, including a payment security mechanism for electric buses and resolving financing issues for electric vehicles. Learn more about the role of larger companies in funding startups in the automobile sector. Key Points
Times Of IndiaPLI scheme to only give kickstart, ultimately competition will prevail: Piyush Goyal to industry
Commerce and industry Minister Piyush Goyal encouraged firms benefiting from the Production-Linked Incentive (PLI) scheme to consider it as an initial boost rather than a long-term subsidy. Goyal emphasized the need for competition and urged companies to provide constructive criticism and feedback for better implementation of the scheme. Key Points
Economic TimesRed Sea crisis not much affected container availability: Government to Parliament
The government assures that the crisis in the Red Sea has not significantly impacted container availability in most ports. However, there has been a rise in freight costs and container sailings from India have been redirected via the Cape of Good Hope route. The Indian Navy has increased maritime surveillance efforts in the Arabian Sea and is working closely with the Coast Guard. The closure of the Tuticorin smelter plant has affected domestic copper production. The government is closely monitoring the situation. Key Points
Economic Times
Government, industry to discuss trade regime of sensitive goods, tech on January 30
Industry leaders, government officials, and international experts will discuss India's export control systems for sensitive goods and technologies at the National Conference on Strategic Trade Controls (NCSTC) on January 30. The conference will focus on India's trade control for dual-use goods, software, and technologies known as Special Chemicals, Organisms, Materials, Equipment, and Technologies (SCOMET). Key Points
Economic TimesBudget 2024: Gem and jewellery industry calls for reduction in import duties on gold, cut and polished dia
Union budget 2024: The Gem and Jewellery Export Promotion Council (GJEPC) has called on the Indian government to lower import duties on gold and cut and polished diamonds ahead of the Union Budget. The GJEPC believes that increased import taxes on polished and cut gemstones would lead to lower exports and fewer jobs in the jewellery sector, losing its competitive advantage to rival nations like China and Thailand. Key Points
Economic TimesIs the clean up over? 8 fertilizer stocks with 4 having “buy” reco and upside potential of up to 47%
If one looks at how the policies have panned in the last nine years. It is clear that one by one every sector has been looked upon and if that sector has been getting government subsidies in any form, the government has tried to improve the delivery mechanism of that subsidy by plugging leakage in a manner that the right person gets the subsidy and the government gets the intended result. In the case of the fertilizer industry, it started with urea getting coated with neem which was not a financial measure but had a financial impact. Similarly, there were some measures which in the short term impacted some fertilizer companies but over a period, there has been a clean up going in the industry. Will the street be having a re-look at them ? Key Points
Economic TimesK.V. Karthik of Tamil Nadu’s Deccan Industries Elected President of Indian Pump Manufacturers Association
India Business News: Mr K.V. Karthik, MD Deccan Industries, one of India’s leading pump manufacturing companies, has been elected as the president of Indian Pump Manufacturers Association (IPMA). Key Points
Times Of IndiaWhat Indian crypto industry is hoping for from Budget 2024? Here's the wishlist
As the Indian crypto industry eagerly awaits the Interim Budget 2024, experts are focused on how the Central Government will shape regulations for virtual digital assets (VDAs). One key demand is the abolition of the 1% Tax Deducted at Source (TDS), which hampers investor participation. industry voices hope for a reduced TDS rate of 0.01% and the ability to offset losses against gains. Key Points
Economic Times
Alco-bev industry in tight spot over shrinking margins as states keep MRP constant: ISWAI's Nita Kapoor
The domestic alcohol industry is caught in a squeeze play. Soaring raw material costs are taking a toll on margins as state governments keep MRP unchanged. The price of extra-neutral alcohol, a key raw material, has gone up by 53% since 2018. Key Points
mintIndia will impose non-tariff barriers on reciprocal basis: Piyush Goyal
India is set to adopt a firm approach in dealing with non-tariff barriers imposed on Indian exports by other nations, and will reciprocate with similar measures, according to Commerce and industry Minister Piyush Goyal. During a recent address, he urged the industry to provide a comprehensive list of these barriers, allowing India to raise the issue with the respective countries. Key Points
Economic TimesRestaurant body writes to finance minister to seek support in upcoming budget for boosting the industry
The National Restaurant Association of India has urged the government to restore input tax credit to restaurants while increasing the GST rate to 12 percent from the current 5 percent. They have also called for an equitable and fair e-commerce policy and policy support for the sector in the upcoming Union Budget. Key Points
Times Of IndiaFinancial services stocks: Each one has a different operating matrix and phases of performance on the stre
While they all come under the broad umbrella of financial services, they are so diverse that each segment is an industry in itself which is governed by an operating matrix that is very different from another. For example, a Housing finance company can be happy with 10 percent net margins, but for an average asset management company ( AMC) the net margin would be more than 30 percent. The only common thing that binds the financial service sector is the GDP growth rate as the growth in all segments has a certain well-defined relationship with GDP growth. Key Points
Economic TimesStronger parent company is key to sustained growth: 5 NBFC stocks with upside potential of up to 31%
One change for making higher provision for unsecured loans and we see all the NBFC stocks tumbling. But four weeks later what is the situation, no one on the street is even talking about it and stocks have crossed the level when the announcement was made. The fact is that some regulatory measures are indicators of overall growth potential which the regulator is just trying to moderate in order to avoid overheating of some segment of industry. The other question is that an industry like NBFC which is bound to grow given the fact that capital was, is and will remain a scarce commodity, which are the benchmark which one should use to take exposure with a long term perspective. Key Points
Economic Times
Correction are some times opportunities; 5 mid & smallcap cement stocks with upside potential of up to 30%
Cement has been a sector where most of the analysts have been caught off guards. The stocks have done well and a large number of analysts have been sticking to their stands that pricing and capacity utilization is an issue. What they probably ignored was the fact that any industry which has been facing headwinds for a long time tends to sort the issues and few players are able to make a comeback as consolidation takes place. Pretty much what we have seen in power. Due to government focus on infrastructure for the last nine years, a number of cement players have been able to improve their balance sheets and also become operationally efficient. With the policy continuity there is a high probability that we may see a similar trend in coming years. Key Points
Economic TimesK.V. Karthik of Tamil Nadu’s Deccan Industries Elected President of Indian Pump Manufacturers Association
India Business News: Mr K.V. Karthik, MD Deccan Industries, one of India’s leading pump manufacturing companies, has been elected as the president of Indian Pump Manufacturers Association (IPMA). Key Points
Times Of IndiaPredictions for 2024: India will be the global nucleus of Generative AI, says TCS CEO
Year 2023 will be remembered for Generative AI which is becoming a part of every industry. Similarly, every industry is set to be lit with a new wave of innovation. The ‘Future of Jobs report by the World Economic Forum (TCS is a strategic partner to the WEF), estimates that 12 million more net jobs will be created by AI, than displaced by it, by 2025. Key Points
Economic TimesPiyush Goyal cautions industry against predatory practices, substandard imports replacing local goods
“Korea and Japan are live examples of what Aatmanirbhar Bharat should look like. Despite getting cheaper raw materials from other parts of the world, first they use up entire domestic availability of materials. They support each other and ensure that the industry doesnt die,” Goyal, who is also textiles minister, said. Key Points
Economic TimesIndia curbs use of sugar for ethanol in 2023-24
The central government on Thursday banned diversion of sugar for ethanol manufacturing with immediate effect in ethanol supply year 2022-23. However, the supply of ethanol from existing offers received by the Oil Marketing Companies (OMCs) from B Heavy molasses will continue, it said. Key Points
Economic Times
K.V. Karthik of Tamil Nadu’s Deccan Industries Elected President of Indian Pump Manufacturers Association
India Business News: Mr K.V. Karthik, MD Deccan Industries, one of India’s leading pump manufacturing companies, has been elected as the president of Indian Pump Manufacturers Association (IPMA). Key Points
Times Of IndiaBollywood in the '90s was extravagant, exploitative. Even Koffee With Karan says so
Koffee with Karan has always been a great window into the lives of stars and their film sets. And this episode was no exception. Key Points
ThePrintWill 'Aquaman 2' save the Christmas box office?
This Christmas, theaters face uncertainty with no billion-dollar blockbuster. Aquaman 2 is the wildcard. Diverse films aim to spread bets, but industry challenges persist. Audience shift towards original content poses a threat. Can Aquaman 2 save the day? The industry holds its breath. Key Points
Economic TimesFor patient long term investors but with risk appetite: 5 stocks with right peg ratio
It is one of the riskiest spaces not only in markets but in the economy also. The reason, not only headwinds in terms of continued policy change risk, but the business itself is fraught with risks of more competition and uncertainty of any economy. However if one looks at the numbers of multibagger this industry has thrown, that is pretty impressive. The other side of the story is that it has also thrown a number of companies into bankruptcy. So, essentially, if one gets it right then there is money and if one does not then even capital it is at risk. Key Points
Economic Times99.2 per cent of mobiles 'Made in India': Ashwini Vaishnaw reviews meteoric growth of Indian mobile sector
Minister of Electronics and Information Technology, Ashwini Vaishnaw, took to social media platform X to announce achievement in the mobile industry. The minister met with key stakeholders and leaders in the mobile industry to conduct a comprehensive review of the progress made. Key Points
Economic Times/cloudfront-us-east-2.images.arcpublishing.com/reuters/3MQTHCWEMVJ27KAFW6NPJM3L7M.jpg)
Wall Street heads to court to fend off Biden's regulators
Facing a wave of new rules and encouraged by a sympathetic judiciary, U.S. financial firms and their trade groups are growing bolder about fighting Democratic President Joe Biden's regulators in court. Key Points
ReutersIndian IT employees forced to work 50 hours a week, data reveals
In the ever-evolving landscape of Indian IT, a rather disconcerting trend has come to light — employees are putting in longer hours than the industry norm, clocking in at an average of 45 to 50 hours per week. Here is what we know. Key Points
India TodayMotown sees record 1.3 lakh crore festive revenue
India Business News: The Indian car industry experienced a surge in sales revenue during the festive period, reaching Rs 1.3 lakh crore. A total of 11.4 lakh vehicles were Key Points
Times Of IndiaRational with telco tariffs pe tariffs
Telecom is acquiring an economic role as vital as energy, and the government should draw its conclusions from price distortions in the electricity industry that has hobbled private investment. Solutions need to be sought within the judicial constraints on pricing natural resources to allow the industry to grow on its own. Free pricing provides the sole assurance. Key Points
The Economic TimesAdvocating for a change: IHCL's Puneet Chhatwal pushes for 'industry' status in the hospitality sector
IHCL's MD & CEO Puneet Chhatwal emphasised the need for granting industry status to the hospitality sector. Chhatwal highlighted the longstanding issue of being taxed as a luxury, with the sector facing the highest tax rates and limited exemptions. He expressed that this change is not only crucial for IHCL but for the entire industry. Key Points
Economic Times
Divergence in recommendations, but unity in direction: 4 tyre stocks with upside potential of up to 30%
It is a well known fact that if demand is growing at a fast pace, higher input cost can be easily passed on to the consumer. That is probably what the tyre industry is going through currently. Given the fact that natural rubber prices have moved up from the lows and still the companies have been able to deliver bottomline growth and expansion in margins is an indication that the demand tailwinds are extremely favorable. While the risk of headwind in terms of higher input cost stays, will the OEM and replacement demand continue to act as tailwinds? Key Points
Economic TimesThe finance and tech gold rushes are over. Where will people seeking wealth turn next?
The tech industry's gold rush is coming to an end as venture capital funding and IPOs decline. The industry will likely shrink, employing fewer people and offering more normal returns. Key Points
mintTesla erases $145 billion in valuation on demand woes
The selloff started earlier this month when the electric-vehicle giant dialled back growth expectations during its third quarter earnings call. That was followed by grim commentary from several global automakers, as well as Wall Street analysts. This week, battery-maker Panasonic Holdings Corp. and chipmaker ON Semiconductor Corp. also sounded alarms for the EV industry. Key Points
Economic TimesK.V. Karthik of Tamil Nadu’s Deccan Industries Elected President of Indian Pump Manufacturers Association
India Business News: Mr K.V. Karthik, MD Deccan Industries, one of India’s leading pump manufacturing companies, has been elected as the president of Indian Pump Manufacturers Association (IPMA). Key Points
Times Of Indiaindustry seeks 15 per cent concessional tax rate extension, set-off of losses
Industry bodies in India have submitted their wish list for the interim budget for 2024-25. They are requesting an extension of the concessional tax rate of 15% for domestic infrastructure companies and non-corporate taxpayers, exemption from withholding tax on payment of interests on overseas bonds with a maturity period of more than five years, and the ability to carry forward and set-off business losses for the services sector. Key Points
Economic Times
Millions of jobs coming up in EV sector, data & AI roles to get maximum hikes
The demand for workers with green skills is expected to move further up in the coming years. Estimates differ, with different industry leaders pegging job creation in the EV sector at different levels, but everyone seems united in the view that millions of new roles are getting created. Key Points
Economic TimesNifty Auto index stocks: Festive season is a test for EV inflection point
In some segments like cars and two wheelers do have witnessing rising sales in festive season. But this time in case of even in these two segments, what would be more interesting to watch would be the fact how much sales the EV segment is able to get. If there is a sharp jump in EV numbers then it would mean that the final inflection point as far as the price is concerned will be higher than what has been estimated earlier. Which means early adoption. So when companies announce their sales numbers for the following months, October, November and December, it would throw a light on possible winners for next year. Key Points
Economic TimesWeaving 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 TimesIndian smartphone manufacturers likely to miss FY24 PLI targets
Indian smartphone manufacturers, including Lava and Bhagwati, are struggling to meet their production targets under the PLI scheme for the third consecutive year. Dixon Technologies, however, is an exception, as it has secured big orders. While global manufacturers like Foxconn and Samsung have been successful under the scheme, the domestic industry needs more time to establish local champions, according to Lava's co-founder. Key Points
Economic Times‘Newcomers Initiative’: World Peace Anthem loved by a million in the US
The World Peace Anthem that has been created as a part of the Newcomers Initiative has been loved by a million people in the US. Here are all the deets.. Key Points
Hindustan Times
Nifty Auto index stocks: EV transformation to decide the winner
If one has to go by recent indications from management of different auto companies, the mood in the industry is positive about the forthcoming festive season. For the auto industry, headwinds like rising input cost, stagnant demand are becoming things of the past for the majority of them. Now if the festive season goes well, then auto stocks might see another push. Though if the metal prices start to rise some companies might face minor issues with their margins. So while being bullish, being watchful. Key Points
Economic TimesK.V. Karthik of Tamil Nadu’s Deccan Industries Elected President of Indian Pump Manufacturers Association
India Business News: Mr K.V. Karthik, MD Deccan Industries, one of India’s leading pump manufacturing companies, has been elected as the president of Indian Pump Manufacturers Association (IPMA). Key Points
Times Of IndiaReady for volatile times? 6 large cap stocks with right mix of RoE & RoCE
Every industry has its own operating matrix which should be taken into account before investing. If one is looking at investing in an infrastructure company, it would be more important to look at the debt profile of the company. In the case of a chemicals company, what is happening in China and the supply chain is worth looking at. Similarly for every industry, the range of financials, like ROE and ROCE would be a range rather than a single number. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic TimesReady for volatile times? 2 mid and 3 largecap stocks with right mix of RoE & RoCE
A software company with a net margin of 10% is probably not worth looking at. But if an infrastructure and construction company has a net margin of 10% it is not bad at all. The best construction player in India strives to get double digit numbers, but it has been able to create wealth for its stakeholder. Every industry has its own matrix which should be taken into account before investing. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic TimesLiquor barons raise a toast to 7% growth in June quarter
Demand increased for all key segments of whisky, rum, gin and vodka, especially in the premium category, industry executives said citing latest excise department data. Brandy was the only exception and grew just 1% as the segment sales are historically skewed towards winter months. They expect faster growth in the second half of the calendar that typically accounts for a larger share of liquor sales due to festivals and weddings. Key Points
Economic Times
Ready for volatile times? 5 largecap stocks with right mix of RoE & RoCE
A software company with a net margin of 10% is probably not worth looking at but if an infrastructure and construction company has a net margin of 10% it is not bad at all. The best construction player in India strives to get double digit numbers, but it has been able to create wealth for its stakeholder. Every industry has its own matrix which should be taken into account before investing. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy Key Points
Economic TimesJapanese chemicals company sees potential niche in EUV chip making materials
Osaka Organic Chemical industry (4187.T), a Japanese manufacturer of high-end chemicals used in chip production, is betting on the materials market for extreme ultraviolet (EUV) lithography, a method for making advanced chips. Key Points
ReutersU.S. will be short 67,000 chip workers by 2030, industry group says
The U.S. semiconductor industry faces a shortfall of roughly 67,000 workers by 2030, according to an industry association study published on Tuesday. Key Points
ReutersLooking to beat volatility? Bet on these 5 largecap stocks with right mix of ROE & ROCE
A software company with a net margin of 10 percent is probably not worth looking at but if an infrastructure and construction company has a net margin of 10 percent it is not bad at all. The best construction player in India strives to get double digit numbers, but it has been able to create wealth for its stakeholder. Every industry has its own matrix which should be taken into account before investing. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . Key Points
Economic TimesFuelling foul play and finishing fair play: How GST will distort gaming industry
The decision of the GST Council to impose 28% GST on online games has been criticized by the gaming industry, as it will discourage legal gaming and provide opportunities for illegal offshore operators. The gaming industry has argued that the tax should have been levied in a way that makes legal operations more viable, thereby promoting the growth of the industry and discouraging illegal operators. Key Points
Economic Times