DISTRIBUTION AS A SERVICE
Transforming India's power grid: Highlights from the Transmission & Distribution Conclave 2024
The conclave that took place at KSH Infra Park in Pune, Maharashtra on June 13, brought together industry leaders, experts, and enthusiasts to explore the transformative possibilities within the transmission and distribution industry.
IT stocks: A comeback which just needs a bit more confirmation; 7 stocks with an upside potential of up to 23%
Just before the expiry of the June series contract, bulls were seen in a segment of the market which has been long ignored by them — IT stocks. Because the upward movement was taking place at the end of expiry, one could not rule out the element of short covering. If one looks a bit deeper in the trend in IT stocks, two things have become clear. That while the news and opinion has been negative, the price action has not been so bad as has been painted. Now let's look at what happened in the IT sector and why there could be a case for contrarian buying. Yes, the sector has some headwinds which not many had thought would appear two years back. But the bigger question is whether this phase of underperformance is about to get over or not. It might be time to shed the bias of negativity around large IT players.
In a Violent Nature: When will the horror movie release on Netflix?
Among the diverse horror films of 2024, In a Violent Nature has emerged as a standout feature. Celebrated for its innovative storytelling and chilling visuals, the film guarantees a terrifying experience that horror enthusiasts will find irresistible.
Wary Paytm to avoid regulated biz; Foxconn to make AI servers in India
Happy Friday! Paytm is steering clear of regulated businesses and will instead focus on building a strong distribution network. This and more in today's ETtech Morning Dispatch.
No more licensed biz, Paytm to focus on distribution model
Digital payments major Paytm wants to stay away from getting into any regulated businesses and would rather focus on building distribution heft. The senior leadership have taken a conscious call to not go after regulatory licenses but rather work with licenced entities and distribute products better.
Looking at a Goldilocks scenario for corporate earnings? Mukul Kochhar is betting on 3 sectors
Mukul Kochhar says growth will be structurally higher by a percent, percent-and-a-half and one factor is the current account surplus which should get us into a more stable economic growth cycle. I feel that the private capex cycle is going to be very strong and going to focus a little bit on manufacturing.
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Beetel Teletech signs deal to distribute Alcatel-Lucent Enterprise products in India
Bharti Airtel-owned Beetel Teletech has partnered with Alcatel-Lucent Enterprise to distribute networking and communications solutions in India, focusing on critical sectors like telecom, transportation, and healthcare. The collaboration aims to drive digital transformation in the country by providing advanced infrastructure and services. With Beetel's extensive distribution network and Alcatel-Lucent Enterprise's product portfolio, the partnership seeks to offer accessible solutions to businesses of all sizes at competitive prices.
Time to relook at how we look at them: 6 IT stocks operating in niche areas with upside potential of up to 39 %
Over the years, perceptions of IT stocks have evolved, yet there remains a notion that large-cap companies like TCS, Infosys, and Wipro are the primary indicators of trends in the IT sector. However, this view is outdated. In the past five years, the emergence of machine learning, cloud computing, and other specialized segments has shifted the landscape. Smaller companies operating in these niche areas have demonstrated significantly stronger growth, even as industry giants like Infosys and Wipro face growth pressures. Today, Probably, investing in the not so well talked about IT stocks is like contrarian investing, which pays in the long term though in the short term one might feel that one is not doing the best thing.
Armee Infotech files papers to garner Rs 250 cr via IPO
IT infrastructure solutions provider Armee Infotech Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 250 crore through an initial public offering (IPO).
We empower MSMEs, retailers across India via offerings designed to boost market access, cut costs: Anand Kumar Bajaj, PayNearby
Our model ensures that MSMEs can access the financial tools they need to thrive, while also enabling retailers to expand their service offerings and increase footfalls to their stores, says Anand Kumar Bajaj, MD and CEO, PayNearby.
Allcargo Logistics arm partners with ShipBob for ocean, air freight services
ECU Worldwide, a subsidiary of Allcargo Logistics, partners with ShipBob to offer freight services globally through FreightBob program, enhancing e-commerce inventory management with ECU360 tech-driven platform.
Paytm shares jump 8% on partnering with Samsung, focus on insurance distribution
One97 Communications, the parent company of Paytm, saw a 8% surge in shares as it announced a partnership with Samsung Wallet. Galaxy smartphone users can now access Paytm's services for flight, bus, movie, and event bookings seamlessly through the Samsung Wallet.
Apple to ‘pay’ OpenAI for ChatGPT through distribution, not cash
Left unanswered on Monday: which company is paying the other as part of a tight collaboration that has potentially lasting monetary benefits for both. But, according to people briefed on the matter, the partnership isn’t expected to generate meaningful revenue for either party — at least at the outset.
Troubled with frequent power cut? Get compensation from electricity distributor if it happens due to this reason, know how
Power cut: Electricity discom have to provide compensation to you if they have resorted to wilful load shedding. This compensation will be adjusted through your electricity bill. However for other deficiencies of service (if any) you will have to lodge a complaint. Read here to know how much compensation you can get in Maharashtra, Rajasthan, Delhi and Karnataka.
Motilal Oswal shares jump nearly 19% as shares trade ex-bonus
Motilal Oswal Financial Services (MOFSL) stock soared 18.7% on BSE, hitting a record high of Rs 719.95 post-ex-bonus trading. The company declared a 1:3 bonus share issue in May, granting three bonus shares for every share held.
Attrition a major challenge in consumer durables and electronics industry: Report
A report by TeamLease Services revealed key insights into the temporary workforce in India's consumer durables and electronics industry. The average worker is a 31-year-old male with a monthly CTC of Rs 24,005 and additional Rs 6,356 in incentives. Gender disparity is notable, with 94% of the workforce being male. Most workers have education up to 12th standard or below (56%), while 38% have bachelor's degrees. The average work tenure is 2.8 years, with longer tenure in metro cities (3.4 years) compared to tier-two cities (2.3 years).
Royal Mail owner accepts Czech billionaire Daniel Kretinsky's takeover
Former state monopoly Royal Mail was privatised in 2013 and has since seen its core letters business ravaged as consumers increasingly communicate online, which has conversely helped its parcels business.
European shares fall as rising bond yields renew rate jitters
European shares declined on Wednesday as rising bond yields globally spurred concerns of interest rates staying elevated for longer, even as investors awaited more economic data to firm up bets on rate cuts.
Mygate enters insurance distribution business, partners with Acko
Mygate app, in partnership with Acko General Insurance, received an aggregator licence from IRDAI to distribute insurance policies, offering exclusive pricing and expanding product range.
GoAir 'temporarily' loses rights and slots to operate international flights to IndiGo and other companies
GoAir has temporarily lost its slots and foreign bilateral rights to other airlines like Air India and IndiGo amidst diminishing chances of revival. In order for airlines from one country to operate international flights to another country, a bilateral air services agreement must be negotiated and signed between the two sides. This agreement dictates the number of flights or seats per week that can be permitted to fly from one country to the other.
Prosecutors seek to bar Trump in classified files case from statements endangering law enforcement
The presumptive Republican presidential nominee was referring to the disclosure in a court document that the FBI, during the search, followed a standard use-of-force policy that prohibits the use of deadly force except when the officer conducting the search has a reasonable belief that the "subject of such force poses an imminent danger of death or serious physical injury to the officer or to another person."
As mercury rises, so does the demand for home delivery
Ecommerce platforms are experiencing a surge in demand for essentials like groceries, leading to a spike in deliveries. This surge is also increasing the demand for manpower at dark stores and distribution centers. Orders in the National Capital Region have seen a sharp increase, with consumers also ordering ice-creams and beverages online.
Tata Power-DDL, India Smart Grid Forum tie up for vehicle-to-grid technology demo project
Tata Power Delhi Distribution partners with India Smart Grid Forum for Vehicle-to-Grid Technology Demonstration Project, exploring EVs' grid services, backup power, and carbon emissions impact. The project involves stakeholders like Delhi Electricity Regulatory Commission, Central Electricity Authority, Tata Motors, and the University of Delaware, USA. Key figures include Gajanan S. Kale and Reji Kumar Pillai.
Upstox enters insurance distribution business
HDFC Life is among the first insurers to partner with Mumbai-based Upstox, featuring its term insurance plans on the platform
Sale of ancestral property: Can daughters and her descendants make rightful claims?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
John Krasinski's 'IF': Where can you watch the imaginary friends tale on streaming?
With excitement brewing around John Krasinski's newest directorial project, 'IF,' viewers are pondering: Will this tale of imaginary friends make its debut on streaming platforms such as Netflix or HBO Max?
Redington Q4 Results: Firm posts standalone profit of Rs 160.57 crore
Integrated technology solutions provider Redington Ltd has reported a standalone net profit for the January-March 2024 quarter at Rs 160.57 crore, the company said. The city-based company had registered a standalone net profits of Rs 124.91 crore during the corresponding quarter of previous year.
Sweltering heat pushes up demand for temporary workers in rural markets
There is a 20% year-on-year increase in rural job vacancies, according to executives at recruitment services and consumer companies. They estimate 20,000-50,000 new temporary jobs are being created this year thanks to robust summer season demand in rural and semi-urban areas while companies with a large focus on rural businesses are looking to bolster sales and distribution presence in the hinterlands.
Enterprise demand keeps telcos’ voice channel revenue growing
Despite challenges in personal voice calling revenue for telecom operators, the enterprise sector sees significant revenue from voice channels. With the rise of digital-native businesses in India, voice services like IVR, outbound calling, and contact center telephony remain vital for customer support. Industry experts foresee continued growth in voice communication alongside other digital channels.
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