SUBPAR SERVICES
Good time to increase equity allocation; risk-reward is favourable: Vetri Subramaniam, MD & CEO, UTI AMC
Vetri Subramaniam took over as Managing Director (MD) and Chief Executive Officer (CEO) of UTI Asset Management Company in February this year. In this discussion with Sanket Dhanorkar, he shares his market outlook and the fund house’s strategy to improve performance.
Wall Street Week Ahead: Spiking bond yields, midterms, earnings to test US stocks' typical fourth-quarter strength
As the fourth quarter commences, US stocks traditionally experience a positive trajectory. Nonetheless, investors face hurdles such as climbing bond yields and a heavy reliance on AI expenditures. Coupled with the looming corporate earnings season and the November elections, market unpredictability intensifies. Analysts predict notable earnings growth, particularly driven by investments in AI infrastructure, which could shape the market's direction as the year concludes.
Consumers, don't be 'like this only'
A recent ruling fining a tailor for delayed delivery highlights widespread consumer apathy towards subpar services in India. Despite consumer protection laws and bodies like the CDRC, citizens often endure poor service, and businesses dismiss redressal. Actively pursuing grievances is crucial for improving service standards and ensuring businesses compete on quality, not just price.
Bajaj Housing Finance will give subpar returns, says Motilal Oswal: Here’s why
Motilal Oswal initiates coverage on Bajaj Housing Finance with a neutral rating. The brokerage anticipates moderate growth and subdued return ratios. Valuations appear stretched, trading significantly above the IPO price. AUM and profit are expected to rise, but at a slower pace. NIMs may face pressure. The financier has a granular loan book with good asset quality.
Daily commute service firm Cityflo to enter Delhi, aims to deploy 100 buses this year
Cityflo is expanding its services to Delhi, targeting corporate professionals with reliable and comfortable commuting solutions. The company plans to deploy 100 buses to serve over 80,000 customers in DLF Cyber City and aims to add Rs 25 crore to its topline this year.
Italy to tourists soon: Think your hotel is terrible? Prove it
Italy is considering groundbreaking legislation to regulate travel reviews, requiring platforms like Tripadvisor to verify that reviewers have visited establishments within two weeks of posting. Backed by Tourism Minister Daniela Santanchè, the bill aims to eliminate fake reviews, hidden advertising, and unfair competition, ensuring transparency in tourism.
ADB lowers India's GDP growth forecast to 6.5 pc for FY25
The Indian economy continues to face downside risks from geopolitical threats to supply chains and adverse weather conditions, according to ADB. "The forecast for FY2025 has been reduced slightly due to lower-than-expected growth in private investment and housing demand, due to tight monetary policy aimed at combating inflation," the Manila-headquartered lender said in its December outlook.
Tata Sons tells Air India to maintain Vistara's 'superior' flying experience
Tata Sons has advised Air India's management to handle Vistara's merger carefully to retain Vistara's loyal customers. The merger is planned for Nov 12. Vistara's current staff and service standards will be maintained until Air India's standards improve. Club Vistara will merge with Air India's Flying Returns program.
Telcos, don't forget customer service
The telecom industry has opposed new quality regulations, arguing increased costs. However, the guidelines were crafted with industry input and updated to match evolving services, especially with 5G rollouts. Government measures include spectrum payment flexibility and financial relief. The rules aim to improve outages and latency, crucial for rising data traffic and enterprise needs.
Maharashtra: Government hospitals gear up to outsource critical services
Government hospitals in Maharashtra collaborate with private firms to introduce advanced diagnostic services. District hospitals play a crucial role in providing free treatments for various ailments. Meanwhile cardiac cath labs, and 10-year agreements aim to improve healthcare accessibility. Private players to operate MRI and CT scan facilities, billing at CGHS rates.
3 platform company stocks to consider buying on dips: Dipan Mehta
Paytm, Policybazaar, and IndiaMart have shown encouraging quarterly and monthly performances, according to Dipan Mehta, Director at Elixir Equities. While PolicyBazaar is yet to break even, its solid business model may lead to significant profits once that point is reached. Despite a shrinking operating margin in IndiaMart over the past few quarters, the company is well-positioned for growth.
China's COVID easing seen knocking growth early next year before recovery kicks in
Some economists have lowered growth forecasts for early next year for the world's second-largest economy, continuing the grim growth numbers this year that were among the worst of the past half-century.
India should focus on building (human) capacities, not chips: Raghuram Rajan
Raghuram Rajan thinks the economic playbook India has been using for a decade is proving to be subpar, leaving an enormous number of people looking for jobs. “We are really underperforming, and I think we should recognise that,” says Rajan.
Brokerages mixed on Tech Mahindra post Q4 result
BOB Capital Markets maintained ‘Reduce’ rating on the IT services firm with a target price of Rs 570.
Neutral Hindustan Unilever Ltd., target Rs 860.0 : Motilal Oswal Financial Services
Neutral Hindustan Unilever Ltd. at a price target of Rs 860.0 and a stop loss at Rs $stopLossL from entry point
India's January-March quarter growth to be around 7.1%: DBS
According to DBS, slow private sector capex spending and a stressed banking sector will weigh on the Indian economy's growth potential this year.
On Sense & Business
On the other hand, the combination of overconfidence and the new situations in which they often find themselves can also create a lot of risks.
Economic growth likely slowed in second quarter
The already fragile economic recovery may be getting weaker.
Wipro to hire US workers
Wipro Ltd plans to hire more US workers to take advantage of a rebounding technology mkt. Crisis time: Keep staff motivated I Job-cuts: A blessing in disguise
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