Whilst Vodafone Thought (VIL) is deploying recent capital to strengthen its community, the beleaguered telecom operator continues to lose income market share. VIL’s income market share declined to an all-time low, with market share loss in 16 out of the 22 circles. “VIL’s Q1FY25 market share was 50 bps (foundation factors) decrease versus FY24 and … Read more
The share of public sector banks (PSBs) in complete credit score continued to say no and stood at 53.1 per cent in June 2024 (55.8 per cent a yr in the past) with concomitant rise for personal sector banks (PvBs), per RBI’s quarterly BSR knowledge. That PvBs are steadily gaining market share in credit score … Read more
Main Indian wearable know-how firms are ramping up innovation and increasing their retail methods in response to the first-ever decline within the nation’s wearable system market. This comes because the Worldwide Information Company (IDC) reported a ten per cent year-on-year drop in shipments for Q2 2024. Noise, a serious participant within the Indian market, is … Read more
Reliance Jio Infocomm (RJio) holds the highest place with a 50.40 per cent market share of whole Web subscribers adopted by Bharti Airtel (Airtel) with 30.47 per cent in FY24, the Telecom Regulatory Authority of India (TRAI) has mentioned. Based on a TRAI report titled ‘‘The Indian Telecom Companies Yearly Efficiency Indicators 2023-2024,’ the whole … Read more
Funding bankers mopped up $243.8 million in fairness capital market (ECM) underwriting charges within the first half of the 12 months, up 127 per cent from a 12 months in the past and the best first half complete since 2007, based on a report by LSEG Offers Intelligence. Citi leads the rating for the underwriting … Read more
Smartphones maker Samsung India, which got here right down to quantity three after Vivo and Xiaomi within the January-March quarter this 12 months in volumes, is anticipating to do higher with new product launches within the coming months, particularly with the festive season kicking off quickly, a prime official mentioned. “We see a robust trajectory. … Read more
Your largest investor very exited the corporate via secondary sale, with out hurting your inventory value a lot. As a two-year-old listed firm, is that this a giant testaments to CMS’s elementary? I’ve to thank Baring Asia and, now EQT, for one, being very supportive of their nine-year investments at CMS. Secondly, at every level … Read more
Consolidation within the cement business continues, with Adani-owned Ambuja Cements saying a 100 per cent acquisition of Hyderabad-based Penna Cements Industries Restricted (PCIL) for an Enterprise worth of ₹10,422 crore. With an operational and to be commercialised capability of 14 million tonnes each year (mtpa), the PCIL deal is valued at $89 per tonne, which … Read more
Throughout a relaxed two-hour assembly over lunch in Chennai just lately, Balaji Vaidyanath, CEO and CIO of NAFA Asset Managers explains his funding strategy and philosophy. NAFA runs three PMS schemes at the moment. He manages property in extra of ₹1,150 crore. Edited excerpts from the dialog: Your newest PMS providing on the clear tech … Read more
Goal: ₹1,590 CMP: ₹1,322.30 In our initiating protection report on Adani Ports & SEZ Ltd in Oct’23, we had highlighted that the corporate’s bettering utilisation ranges at its present ports, together with its ramping up of volumes at newly acquired ports, will place the corporate to exceed its FY24 quantity steering and broaden its market … Read more