Profitable top line growth for industrial companies

Moshe Katri, Managing Director of Equity research at Wedbush Securities Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Moshe Katri, who has been covering IT services and payments for more than two decades believes that Cognizant’s relative underperformance vis-a-vis its peers warrants action from the board. He contrasted its fortunes with Indian rivals such as Infosys and Wipro , where the founders took an active role in tweaking leadership at the right time. Katri currently serves as Managing Director of Equity research at Wedbush Securities. Katri, despite his concerns, has an Outperform rating on Cognizant, as he believes it is a very valuable, underutilised asset that can be revitalised under the right circumstances. For the longest time, Cognizant was the barometer of growth for the Indian IT industry, but in the last three … [Read more...] about Cognizant board has to exercise its fiduciary duty, assess what is going on: Moshe Katri

PVR | CMP: Rs 1,935 | The share added a percent on July 22. The company reported robust numbers for the quarter ended June 2022. PVR has reported a consolidated net profit of Rs 53.38 crore as against a loss of Rs 219.44 crore in June 2021. Revenue from operation stood at Rs 981.40 crore, up 1552.47 percent from Rs 59.39 crore a year back. PVR saw 23 percent growth in ATP at Rs 250 in the quarter ended June, 2022, compared to Rs 203 in Q1 FY20. Foreign research firm Goldman Sachs has kept the 'buy' rating on the stock with a target at Rs 2,400 per share. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Multiplex operator PVR which has a strong pipeline of screens in FY23 is concentrating on growing its screen count especially after the two year of COVID-19 impact which slowed down screen additions. Coming out of the pandemic, Ajay … [Read more...] about PVR Chairman says focus is on screen additions, big cinema launches post the COVID impact

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Blame it on hometown migration, elevated attrition levels or a scenario where 30-40 percent of the employees in an organization are less that two years old, the IT industry is in a perfect storm, believes Wipro Chairman Rishad Premji . Speaking at an event organized by the Bangalore Chamber of Industry and Commerce, Premji said that those living in cities such as Bengaluru, Hyderabad, Chennai, Mumbai or Pune have gone back to their hometowns, with no active interest in necessarily returning to big cities. This, he feels, is a huge challenge for the industry despite growth since it becomes a question of how to build culture. It may be noteworthy that the IT industry has been reporting elevated attrition of late. The COVID-induced crisis led to a dramatic rise in the demand for tech … [Read more...] about Wipro’s Rishad Premji feels Indian IT is in a perfect storm; here’s why

A Realme mobile phone on display in the Realme showroom store in the Karol Bagh district in New Delhi, India, on Tuesday, May 31, 2022. China’s Realme closing in on market leaders Xiaomi, Samsung, yet hurdles loom in treacherous market where many stumbled. Photographer: Anindito Mukherjee/Bloomberg India seeks to restrict Chinese smartphone makers from selling devices cheaper than 12,000 rupees ($150) to kickstart its faltering domestic industry, dealing a blow to brands including Xiaomi Corp. The move is aimed at pushing Chinese giants out of the lower segment of the world’s second-biggest mobile market, according to people familiar with the matter. It coincides with mounting concern about high-volume brands like Realme and Transsion undercutting local manufacturers, they said, asking not to be identified discussing a sensitive matter. Exclusion from India’s entry-level market would hurt Xiaomi and its peers, which in recent years have increasingly relied on India to drive … [Read more...] about India seeks to oust China firms from under Rs 12,000 phone market

Representative image. At a time when US streaming giant Netflix is experimenting with advertisements on its platform, an Indian player, aha, has already taken the hybrid approach. Last financial year, the company started offering brand solutions through which it earned $2 million in revenue. The company says it has doubled that in the first four-five months of FY23. Following brand solutions, aha is now launching advertising on the platform that will let them run ads while they stream content. For running ads on the platform, they have partnered with Google. With this, aha expects ad revenue to increase 5x in FY23 versus last year. “We have on-boarded 50 advertisers so far. We expect revenue from ad inventory to contribute 25-30 percent to the overall business. We also want to do on-ground events and take those on the platform and from this segment. We are looking at 15-20 percent (ad revenue) contribution," Nitin Burman, Vice-President, Head, Non-subscription Revenue, … [Read more...] about Subscription-based OTT aha takes advertising route to drive revenue

Samsung Electronics Galaxy Z Flip 4 series [SAMSUNG ELECTRONICS] Samsung Electronics introduced its foldable duo — the Galaxy Z Flip 4 and Z Fold 4 — in New York on Wednesday, hoping that the newest high-end line could turn around faltering smartphone sales caused by slowing demand. The new models will go on sale on Aug. 26 with the Z Flip 4’s price tag starting at 1.35 million won ($1,033) and Z Fold 4 at 1.99 million won. The price of the Z Fold series remains the same as its predecessor while the Z Flip 4 has been bumped up by 99,000 won compared to the Z Flip 3. Major improvements include more durable materials aimed at reducing creases and processing capabilities being powered by Qualcomm’s new chipset. Roh Tae-moon, head of Samsung Electronics’ smartphone business, demonstrates the company's new foldable phones during an Unpacked event in New York on Aug. 10. [SAMSUNG ELECTRONICS] The new models will be encased in a material called Armor Aluminum, which is … [Read more...] about Samsung Electronics unveils Galaxy Z Flip 4 and Z Fold 4

Keeping shelves stocked has been anything but a straightforward task for retail businesses over the past two years. Ongoing supply chain snags and changing customer preference due to the pandemic have forced many businesses to completely rethink the way they stock their shelves to accommodate supply shortages, shifting demand, and ongoing inflation --here are the strategies that seem to be working. Think short term When the pandemic started, Austin-based cleaning products company Branch Basics saw demand skyrocket overnight. Quickly, CEO Tim Murphy made the decision to hire an experienced demand planner, who still works for the company. "Once a month, we do supply and demand chain analysis, and make our best estimates of what we need to order, given that lead times have gone berserk," he says. With a supply chain expert on board, Murphy says that the company has been able to better predict potential issues, which could stem from small details; if trigger sprayers … [Read more...] about Lingering Inflation and Tangled Supply Chains Mean You Need to Rethink Your Inventory Strategy

Rakesh Jhunjhunwala Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × India's telecom sector is not a good sector to invest in as it constantly requires investment, said ace investor Rakesh Jhunjhunwala on August 8, while adding that he remains 'very bullish' on PSU banks. Speaking to CNBC-TV18 about what other sectors apart from civil aviation interest him, Jhunjhunwala said that he is very bullish on hospitals, corporate sector banks, and public sector banks. The big bull further said that he is expecting provision write-backs in PSU banks to aid profits. The pricing power of banks will also likely go up as credit demand gains pace, added Jhunjhunwala. He added: "Those who can borrow are those who can lend and PSU banks have great power of gathering deposits." Speaking on the digitization landscape, Jhunjhunwala thanked … [Read more...] about Telecom not a good sector to invest; remain bullish on PSU banks: Rakesh Jhunjhunwala

Share to Twitter Share to Linkedin Should a business establish an AI Ethics advisory board? You might be surprised to know that this is not an easy yes-or-no answer. Before I get into the complexities underlying the pros and cons of putting in place an AI Ethics advisory board, let’s make sure we are all on the same page as to what an AI Ethics advisory board consists of and why it has risen to headline-level prominence. As everyone knows, Artificial Intelligence (AI) and the practical use of AI for business activities have gone through the roof as a must-have for modern-day companies. You would be hard-pressed to argue otherwise. To some degree, the infusion of AI has made products and services better, plus at times led to lower costs associated with providing said products and services. A nifty list of efficiencies and effectiveness boosts can be potentially attributed to the sensible and appropriate application of AI. In short, the addition or … [Read more...] about Here’s Why Businesses Are Having A Tumultuous Love-Hate Relationship With AI Ethics Boards

- A + A KUALA LUMPUR (Aug 10): Bursa Malaysia closed lower on Wednesday (Aug 10) in sync with regional bourses, as risk appetites were affected by the US inflation data amidst the ongoing corporate earnings season. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.35 points to 1,492.33 from Tuesday’s close of 1,497.68, weighed down by selling in selected index-linked counters, led by Hartalega Holdings Bhd. The benchmark index, which opened 1.96 points easier at 1,495.72, remained in negative territory throughout the day, moving in a tight range between 1,490.22 and 1,496.25. The broader market was negative as losers beat gainers 601 to 242, while 395 counters were unchanged, 1,047 untraded and eight others suspended. Total turnover decreased to 2.17 billion units worth RM1.68 billion from 2.52 billion units worth RM1.26 billion on Tuesday. Malacca Securities Sdn Bhd analyst Kenneth Leong said the key index turned lower on profit-taking in heavyweights, … [Read more...] about Bursa ends lower on weak risk appetite