Friday, April 04
ITC is sharpening its competitiveness and strengthening innovative capacity under its "Next Strategy" as the multi-conglomerate aims to be a leader in the segments in which it operates, said its Chairman and Managing Director Sanjiv Puri. The cigarettes-to-consumer goods conglomerate has articulated a strategy of the organisation, the 'ITC Next Strategy' aiming to shape a future-ready enterprise and define the next phase of growth and profitability, Puri told PTI. As part of the ITC Next Strategy, it identified levers of competitiveness, which include digitalisation, sustainability, innovation and supply chain efficiency, among others for its future growth. "These have been identified as areas where specific interventions have been made to become competitive and contemporary. The object
Some of Trump's campaign signature promises, like tariffs and immigration control, if implemented, could put upward pressure on inflation and treasury yields, possibly affecting capital flows into India, says Krishnan VR, Chief of the Quantitative Research team at Marcellus.Tighter visa regulations, however, won't be a big threat for Indian IT majors, he says in this interview. Edited excerpts:The next 2-3 weeks are going to be action-packed for investors amid the ongoing Q3 earnings season, Trump's swearing-in, the Fed meeting, and the Union Budget back home. What will your strategy be when volatility is likely to be higher than usual?We will track these events if they have any relevance to long-term trends for the economy and capital markets. Our investment approach is less reactive to n
Adani Energy Solutions Ltd, India's largest electricity transmission and distribution company, has won two new transmission projects, helping swell its order book to Rs 54,700 crore -- more than three times of the work order it had at the start of current fiscal in April 2024. In October-December 2024 -- the third quarter of the fiscal year April 2024 to March 2025 (FY25), won two new transmission projects worth Rs 28,455 crore in Rajasthan, related to the renewable energy park, Jefferies said in a report. The orders include the 25,000-crore Bhadla-Fatehpur HVDC project, which is AESL's largest order win till date. These order wins have pushed up the company's market share in TBCB (tariff-based competitive bidding) orders to 24 per cent, from 17 per cent in the second quarter. AESL's c
India’s fiscal deficit had shot up to a record high of 9.2% of gross domestic product (GDP) in fiscal 2021 in the aftermath of the Covid-19 pandemic. Bringing it down from that highpoint to 5.6% last fiscal was no mean feat.The Centre aims to yank it down further to 4.9% this fiscal and to ~4.5% by next.Given the sluggish economic conditions, continuing to aggressively lower the number won’t come easy. But fiscal consolidation must continue in order to reduce the government’s debt burden.The central government’s debt-to-GDP ratio as per this fiscal’s budget is 56.9%. Add sub-national government debt and the figure balloons to 80% — way higher than the Fiscal Responsibility and Budgetary Management target of 60% (the target is 40% for the centre).The pandemic bumped up the Centr
With Donald Trump set to take over as the US President, all eyes will be on the defence relationship with India. Some high-value Indo-US deals have reached a critical point and major acquisitions are in the pipeline.During his last term as the US President, India and the US had pledged to deepen defence and security cooperation by collaborating on co-development and production of advanced military systems. While some success has been made on this front, no major co-production project has yet taken off.One of the first challenges will be to ensure that a deal for technology transfer and production of fighter jet engines in India takes off despite some last-minute speed bumps. India and the US have agreed on the production of GE414 engines locally, with 80% technology transfer.However, in re
