Shubhra Tandon

Unsold inventory remains high in Mumbai Metropolitan Region

The unsold inventory in the country’s costliest real estate market –Mumbai Metropolitan Region (MMR) – continues to remain high with over 2.2 lakh units remaining unsold as of September 2018.

mumbai properties, mumbai realty, mumbai real estate News

Good news on job front: IT, healthcare, retail hiring in FY 2019; FMCG, telecom disappoint

Growth of 4.1% seen for FY19; IT, retail, healthcare among sectors looking up; telecom, FMCG disappoint

job sector, healthcare sector, it sector, it industry News

Chinese products, US scrap challenge for domestic metal companies, says Hindalco Industries Satish Pai

The current run in the aluminium space has been good and domestic demand augurs well for the domestic metal industry in FY19.

Industry News

MSMEs, entrepreneurs engines of growth; have key role to play, says chairman of Club of Rome-India

With limited resources and rising global population, the debate has to be centred around the efficient utilisation of these while providing employment opportunities and quality life.

Markets News

Another weak quarter for incumbent telcos

Revenues to be hit by continued downtrading of average revenue per user, Jio’s ‘monsoon hungama’ scheme.

telecom operators, Bharti Airtel, Vodafone, Idea, Jio, Jio monsoon hungama, Reliance Jio News

Heavy job losses of up to 75,000 to in telecom sector due to M&A, but Reliance Jio continues to hire big

Telcos are expected to let go of around 50,000-75,000 employees in 2018, according to one estimate by Randstad India. Others like TeamLease Services peg the number at an even higher 90,000.

Jobs and Education News

Investing more in new segments to beat cyclicality, says CEO of Thermax

To combat volatility in the capex cycles which impacts capital goods companies, Pune-based Thermax is venturing into new areas to make the company’s core business more resilient to it.

Thermax, MS Unnikrishnan, crude oil prices, capex cycles, domestic market, NCLT, private capex  News

Fare war: Jio’s new price points portend fresh pain points for rivals

After a gap of four months, Reliance Jio has once again brought in a disruptive tariff scheme which will hurt incumbents Bharti Airtel and Vodafone Idea.

relaince jio, barti airtel, vodafone idea, myjio app, Zero Touch Postpaid, Morgan Stanley, PhonePe News

Vodafone Idea’s capex likely to remain subdued, hit Arpu

Vodafone Idea registered revenues of Rs 58,500 crore for the 12 months to June 30, 2018, against Bharti Airtel’s Rs 51,575 crore.

vodafone , idea, vodafone idea merger News

Steel firms expected to make big gains: Top 5 companies’ PAT estimated to rise 121 per cent

Even as users of steel bear the burden of higher costs, manufacturers are set to reap a bonanza on the back of strong prices and safeguards from imports. While the government was to have phased out the safeguard duties, these

Industry News

Hindalco betting big on auto segment

Aditya Birla group company Hindalco Industries is betting big on the high margin automobile segment, and the recent acquisition of Aleris under the company’s US arm Novelis will increase this footprint further, while giving

Industry News

Better-than-expected earnings for steel majors on higher realisation

Higher realisation driven by a sharp increase in steel prices helped domestic steel majors — Tata Steel, JSW Steel, Jindal Steel and Power (JSPL) and Steel Authority of India (SAIL) — to post better-than-expected earnings

Industry News

Metal firms invest in value-added products as demand grows

High-margin value-added products are gaining traction with domestic metal companies as the demand for such products are growing from end-user industries such as automobiles and consumer durables.

Industry News

April-June strategy: Idea move to offer non-unlimited plans hits Arpu

As part of the plan, the company tried to retain subscribers who prefer the non-unlimited plans by offering them discounted voice and data tariffs.

Industry News

‘We are looking at the enterprise value’: Aditya Birla, Hindalco and Novelis

Once Novelis closes the acquisition of Aleris, the company is confident it will get a cheaper source of funding to finance the $2.58-billion deal.

hindalco, industris News

We are hopeful of getting back to double-digit growth, says CFO of TCS

Cross-currency movements and operational efficiencies contributed positively to the Q1FY19 operating margins for Tata Consultancy Services (TCS).

Industry News

Tata Steel clinches JV with Thyssenkrupp, to be Europe’s number 2 steelmaker

Tata Steel and German industrial group Thyssenkrupp AG have signed definitive agreements to combine their European steel businesses in a 50-50 joint venture in a new company.

Industry News

Capex by Idea, Vodafone India sees decline in FY18

With the entry of Reliance Jio with VoLTE technology, the incumbent operators are under pressure to move to this technology at a rapid pace and also increase their cell sites, all of which necessitates a rise in capex.

Industry News

Sale of assets boosts firms’ debt-to-equity ratios

Continuous focus on sale of non-core assets to reduce the debt burden seems to be reflecting on the improving net debt-to-equity ratios of most infrastructure developers.

Economy News

Rising input costs hit India Inc margins

Rising input costs hit the margins of India Inc in January-March 2018 with only a few being able to pass on this increase to consumers.

Industry News

GMR Infrastructure plans to monetise 137-acre land around Delhi, Hyd airports

Company officials told analysts over a conference call recently that the price for GHIAL land could be in the range of Rs 1.6 crore per acre.

GMR Infrastructure, 137-acre land, Delhi, aiport infrastructure News

Tata Steel, JSW Steel post better than expected Q4 numbers

Improved demand and higher price realisation helped domestic steel majors Tata Steel and JSW Steel to post better than expected earnings for the three months of January-March 2018.

Tata Steel, JSW Steel, Bhushan Steel, cooking coal prices, Ebitda, china News

Focus on automation, re-skilling hit headcount growth in IT sector

According to annual reports of companies, TCS saw net additions declined to a five-year-low in FY18 to 8,000 versus 33,000 net additions in FY17 and 24,000 in FY14. Infosys Group made employee net additions of 3,743 in FY18,

Industry News

India importing over 50% of its aluminium doesn’t make sense, says MD of Hindalco

The pick-up in domestic demand augurs well for the domestic metal industry. Hindalco Industries managing director Satish Pai tells FE’s Shubhra Tandon that the outlook looks robust; however, possible dumping of metals into

Satish Pai, hindalco, steel sector News

Bullish on sector, UltraTech says cement demand likely to grow 8% in 2018-19

The cement demand in the country could well grow by about 8% in 2018-2019, led by government spending on infrastructure.

UltraTech, UltraTech Cement, cement industry, India Brand Equity Foundation, commerce ministry, Aditya Birla group News

RERA has been adopted in its true spirit in Maharashtra: Niranjan Hiranandani

RERA has sorted out most of the problems from a consumer’s perspective.

RERA, maharashtra, MahaRERA News

Bids for Jaypee Infra resolution likely to be finalised by April end

The bids for the resolution process for Jaypee Infratech is likely to be finalised by the end of April, sources with knowledge of the developments said on Wednesday.

Jaypee Infra, real estate sector News
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