Dixon Technologies right now is a beehive of activity. It is building a new facility in Noida to make 1.3 million laptops for Taiwanese PC maker Acer. The facility must be up and running in four months. The pace of activity will only increase. Last week Dixon won a similar contract from Lenovo, the Chinese personal computer maker and the third largest information technology (IT) hardware brand in India, to assemble laptops and notebooks. Though the clientele in these two cases is Taiwanese and Chinese, Dixon is a company reaching for the stars with its feet planted firmly in the Indian government’s policy.
Posts tagged Rediff
M and A Sees Sharp Decline in 2023 (27-12-2023)
Bankers said the outlook of M and amp;As in India in 2024, especially in the second half after the Lok Sabha election, seems relatively better.
IMF cautions India on govt debt vulnerabilities (27-12-2023)
The International Monetary Fund (IMF) warned on Tuesday that India’s general government debt (comprising both central and state government debt) could exceed 100 per cent of gross domestic product (GDP) in the medium term. It also cautioned that long-term debt sustainability risks are high due to the significant investment required to meet India’s climate change mitigation targets. The Indian government, however, disagreed, arguing that risks from sovereign debt are extremely limited as it is predominantly denominated in domestic currency.
IMF cautions India on govt debt vulnerabilities (27-12-2023)
The International Monetary Fund (IMF) warned on Tuesday that India’s general government debt (comprising both central and state government debt) could exceed 100 per cent of gross domestic product (GDP) in the medium term. It also cautioned that long-term debt sustainability risks are high due to the significant investment required to meet India’s climate change mitigation targets. The Indian government, however, disagreed, arguing that risks from sovereign debt are extremely limited as it is predominantly denominated in domestic currency.
High valuations may cap further rally in IRCTC stock (27-12-2023)
Investor interest in IRCTC (Indian Railway Catering and Tourism Corporation) has grown after the recent announcement that the PSU is expanding into non-railway catering and focusing on branding to become a premium hospitality brand. The company has also declared good results. In the July-September quarter (Q2FY24), IRCTC delivered 30 per cent year-on-year (Y-o-Y) growth in PAT (profit after tax) with higher revenues in ticketing business and better margins in the catering business. Ancillary revenue from payment gateway, ads, revenue share from the online travel agency also grew 7 per cent Y-o-Y, reversing a declining trend in the prior quarters.
High valuations may cap further rally in IRCTC stock (27-12-2023)
Investor interest in IRCTC (Indian Railway Catering and Tourism Corporation) has grown after the recent announcement that the PSU is expanding into non-railway catering and focusing on branding to become a premium hospitality brand. The company has also declared good results. In the July-September quarter (Q2FY24), IRCTC delivered 30 per cent year-on-year (Y-o-Y) growth in PAT (profit after tax) with higher revenues in ticketing business and better margins in the catering business. Ancillary revenue from payment gateway, ads, revenue share from the online travel agency also grew 7 per cent Y-o-Y, reversing a declining trend in the prior quarters.
Nifty could see another 8-10% upside in 2024 (27-12-2023)
The benchmark Nifty and Sensex could see another 8-10 per cent from the current levels, said HDFC Securities in its outlook for equity markets in 2024. The brokerage said that the market movement in the next year will not be linear, and there will be more volatility. When asked about the market reaction to the General Elections in 2024, Dhiraj Relli, managing director and CEO of HDFC Securities, said more than the outcome of the elections, the market movement in the next three to four months will decide the market trajectory post elections.
Nifty could see another 8-10% upside in 2024 (27-12-2023)
The benchmark Nifty and Sensex could see another 8-10 per cent from the current levels, said HDFC Securities in its outlook for equity markets in 2024. The brokerage said that the market movement in the next year will not be linear, and there will be more volatility. When asked about the market reaction to the General Elections in 2024, Dhiraj Relli, managing director and CEO of HDFC Securities, said more than the outcome of the elections, the market movement in the next three to four months will decide the market trajectory post elections.
Banks, finance cos lose weight despite record earnings (27-12-2023)
Even as banks and finance companies are reporting record-high earnings, their weighting in the benchmark National Stock Exchange Nifty50 Index has seen a downward trajectory. Investors expect a stronger performance from other sectors in the new year. Currently, banking, financial services and insurance (BFSI) companies collectively hold a weighting of 34.5 per cent, down from 36.7 per cent at the end of December 2022 and a record high of 40.6 per cent at the end of December 2019. This represents the sector’s lowest weighting in the index since December 2021 when it stood at 33.7 per cent.
Debt tax tweak breathes life into equity savings plan (27-12-2023)
Post the change in debt fund taxation in March, a lesser-known hybrid fund has emerged as one of the alternatives for fixed-income investors. Equity savings schemes, the smallest hybrid fund category in terms of assets, have raked in around Rs 6,000 crore this financial year (FY24) so far compared to Rs 1,100-crore outflow in FY23. The inflows along with a strong performance led to a 50 per cent surge in assets under management (AUM) to Rs 24,100 crore during April-November, shows data from the Association of Mutual Funds in India (Amfi).