Bse india listed companies

Share to Twitter Share to Linkedin Adani Group, an Indian holding company that is heavily invested in the energy markets back home, is the latest target of emerging market short sellers. It’s problems, though, are not India’s problems. Investors should not consider this the Indian version of the “Evergrande” real estate default in China. In BlackRock’s BLK iShares MSCI India (INDA INDA ) exchange-traded fund, Adani’s companies, namely Adani Total Gas (1.1%), Adani Enterprises (1.08%), Adani Transmission (0.77%), Adani Green Energy (0.65%), Adani Ports (0.43%) and Adani Power (0.26%), all make up less than 4% of the fund. It is not a top holding in the Wisdom Tree India Earnings Fund (EPI). EPI and INDA have moved pretty much in lockstep over the last 12 months. Adani Enterprises, for example, is a runaway train. It’s up 79% over the last year while both the India ETFs are down by 8.8%. Over the last two years, Adani Enterprises is like the … [Read more...] about Adani Short Sale Story Not A Problem For India’s Stock Market

It was earlier in May this year that India minted its 100th Unicorn – a startup that crossed the $1 bn valuation mark – a very special milestone indeed. ‘Money Control and Citibank In Conversation with unicorn startups of India’ is a very special show that brings together CEOs and founders of a handful of India’s top unicorns, shedding light on their journey, their ambitions, and how they’re dealing with inflation, global events, and the current funding winter that’s affecting startups around the world. Hosted by Paromita Chatterjee, MoneyControl and Citibank conversed with panellists Vaibhav Tiwari - co-founder of Portea Medical, Ravi Bhushan - founder and CEO of Bright Champs, Chitresh Sharma - co-founder and CEO of Refyne, Saurabh Jain - co-founder and CEO of Livspace India. We also have Tushar Vikram - managing director and head of commercial banking at Citibank India. Not many people know this, but Citibank has been banking startups from infancy to IPO and beyond for decades … [Read more...] about Watch: Can Indian startups sustain their current pace of growth? India’s Unicorns weigh in

Image: Zoho CEO Sridhar Vembu (L) and Zerodha CEO Nithin Kamath (R) Software as a service (SaaS) platform Zoho , and stock broking firm Zerodha reported sharp growth in their earnings once again for the latest financial year (FY2021-22) as the two bootstrapped start-ups became the most profitable new-age companies in India for the period. Zoho and Zerodha, have stayed away from private equity and venture capital (PE/VC) funding, and are thus considered to be anomalies in this era when new-age technology companies are chasing high valuations and in the process are incurring heavy losses. Moneycontrol has compiled data on at least 50 unicorns that have filed their FY22 results with the Ministry of Corporate Affairs (MCA), and according to the data, Zoho and Zerodha are the most profitable new-age technology entities. Founded in 1996 by Sridhar Vembu and Tony Thomas, Zoho provides operating system software for businesses, software for customer relationship management, … [Read more...] about Bootstrapped Zerodha, Zoho become the most profitable new-age companies in FY22

Adani Group Gautam Adani has slipped out of the list of the world's top 10 richest people and could soon be supplanted as Asia's wealthiest person if shares in his conglomerate continue to slide. The Indian tycoon has fallen from fourth place to 11th on the Bloomberg Billionaires Index, with a personal wealth wipeout of $34 billion in just three trading days. With a current fortune of $84.4 billion, Adani now sits just one spot above rival and Reliance Industries Ltd. chairman Mukesh Ambani, whose net worth is $82.2 billion. Shares of Adani Group companies have plummeted in a three-day selloff that has erased more than $68 billion of market value, following the publication of a report by Hindenburg Research alleging “brazen stock manipulation and accounting fraud.” Adani now languishes below Mexico's Carlos Slim, Google co-founder Sergey Brin and former Microsoft CEO Steve Ballmer on the Billionaires Index. Read More … [Read more...] about Adani drops off list of world’s top 10 richest people

Morgan Stanley's incumbent India head, Sanjay Shah, will be retiring (Representative image: Reuters) Morgan Stanley has named Arun Kohli as its new country head for India, CNBC TV-18 reported on January 30, citing an internal memo of the investment bank. Kohli will be replacing Sanjay Shah, who will be retiring from service. The latter was with Morgan Stanley since 1996 and rose through the ranks to become its India head in 2021. Kohli, also a veteran in the field of investment banking, is presently serving as Morgan Stanley's managing director and chief operating officer for Europe, Middle East, and Africa (EMEA) regions. Also Read | Morgan Stanley cuts CEO Gorman’s pay 10% to $31.5 million Kohli, currently based in London, has been associated with Morgan Stanley since the past 15 years. He headed the bank's post-Brexit strategy, and has been the its MD for EMEA regions since 2017. Read More For his new role as Morgan Stanley's India chief, Kohli … [Read more...] about Morgan Stanley names Arun Kohli new country head for India

Share to Twitter Share to Linkedin CEO, Sodexo Engage . Passionate about elevating the employee experience at work and beyond through benefits, rewards and recognition. Throughout the past several years, many companies have added diversity, equity and inclusion initiatives to their corporate strategies. A 2021 survey of HR and corporate leaders in Europe commissioned by Workday found that 75% have a “dedicated” budget for DE&I, and 90% are “carrying out at least one initiative” for having data “to drive a strategic approach of continuous improvement.” While there is still a long way to go, these numbers indicate progress—and this progress mustn’t stall, or worse, reverse, in the coming months. As much as I would like to remain optimistic, I worry that many companies will put their DE&I initiatives on the back burner due to the state of the global economy. As Ali Hanan, the founder and CEO of diversity, equity and inclusion consultancy … [Read more...] about Companies Must Continue To Prioritize Diversity, Equity And Inclusion, Even During Tough Economic Times

FM Nirmala Sitharaman tabled the Economic Survey 2023 in the Parliament on January 31. President Droupadi Murmu in her speech for the opening day of the budget 2023 session on January 31 highlighted India’s manufacturing journey and said the country is now initiating efforts for manufacturing semiconductor chips locally. The Economic Survey 2023 document tabled on January 31 also stated multiple players are looking to make India a manufacturing hub of semiconductors and have made the investment outlook in this sector positive. The survey report listed Israel-based International Semiconductor Consortium’s Memorandum of Understanding (MoU) to invest Rs 22,900 crore in Karnataka to set up India’s first chip-making plant. Vedanta and Tata Group are two domestic companies with interests in the semiconductor business. “While these are early stages, global and domestic players have evinced interest based on the prospects for the semiconductor industry in India and the fiscal … [Read more...] about Economic Survey 2023: Multiple players look to make India a semiconductor manufacturing hub

The next several decades belong to India. Of all the world’s large economies, India is the only one expected to grow at over 6% for multiple years. Also when compared to all other large economies - USA, China, Japan, Germany, UK; India is still a relatively young country that’s yet to reap its demographic dividend. With over 40% of Indians below the age of 25, India is well poised for a period of unprecedented growth and productivity. As India adds another 4-5 trillion USD to its economy over this decade, several opportunities will emerge for startups across industries to innovate and create immense value. Due to this and some phenomenal strides being made in infrastructure and reforms - as of late 2022, India is home to 105+ unicorns with the total market cap of over $340 Billion. And, I am bullish on Indian startups crossing a trillion dollars in cumulative market cap within the next 5 years and over 300 new unicorns emerging within this decade. In the coming sections, I’d like to … [Read more...] about 7 trends creating unicorn opportunities in India

Share to Twitter Share to Linkedin Most people are clueless about the location of the Maldives (they’re below India and Sri Lanka in the middle of the Indian Ocean), but everyone knows they are a posh honeymoon/vacation spot where guests choose overwater bungalows or luxurious beach villas. Some just want to laze in the sun which shines more than 2,700 hours a year, while others go for the gourmet food, blissful spa treatments or water activities, enough to challenge even the most die-hard thalassophile (someone who loves the sea). The bad news is that the Maldives, one of the lowest countries in the world, are only three feet above sea level and greatly threatened by sea level rise, coastal storm surges, and associated flooding. Scientists say that given scenarios for global warming emissions, by the year 2100, the Maldives will experience a 1’5-foot sea level rise and lose 77 percent of the land area. This means that eventually the Maldives will fall into … [Read more...] about Why The Maldives Must Be Number One On Your Bucket List

Marion Biotech, the company allegedly linked with the death of children in Uzbekistan, has replied to the drug regulators on the show-cause notice over “violations observed at the company’s manufacturing plant in Noida”. The Uttar Pradesh Food Safety and Drug Administration (UPFSD) had, on January 10, suspended the licence of the drug maker after it failed to respond within the specified time. The drug maker in its reply to the regulators has said that the allegations of supplying contaminated drugs was an attempt to “tarnish the image of Marion Biotech and Indian pharma.” Ambronol and Dok-1 Max syrups are the controversial ones. Also read: Fresh inspection of Marion Biotech plant on after WHO flags 2 cough syrups Read More A copy of the letter has also been sent to the Central Drugs Control and Standard Organisation (CDCSO). “The management of Marion Biotech has sent its response to the show-cause notice issued by the regulators. They have denied … [Read more...] about No evidence of deaths due to our cough syrup, attempt to tarnish India’s image: Marion Biotech