NETWORK MARKETING DEFINITION
India is a ¡°strategic market¡± for Volkswagen: Piyush Arora, MD & CEO, Skoda Auto Volkswagen India
Volkswagen Group, eyeing India's growth potential, plans to expand its product portfolio with or without a local partner, says Piyush Arora, MD & CEO, Skoda Auto Volkswagen India. Despite exploring collaborations, the group remains committed to the Indian market and aims to achieve over 5% market share by leveraging local manufacturing for both domestic sales and exports to regions like South Asia and Africa.
Dipan Mehta sees long-term potential in Varun Beverages despite high valuations
See, when it comes to FMCG, look at Britannia, from 2010 to 2020, what went right was expanding the distribution network and what is going right for Varun Beverages just now also is expanding the distribution network.
Exploration, monetisation of natural gas will benefit Northeast: IGX
India can reduce natural gas imports by utilizing deposits in the northeast. The region's surplus gas can supply other Indian regions and Bangladesh. This will generate revenue and boost the local economy. The Northeast Gas Grid, operational by 2026, will be instrumental in this endeavor. Natural gas is a cheaper and cleaner alternative to LPG, benefiting households and industries.
Northeast gas grid to be operational by 2026: Indian Gas Exchange CEO
The Northeast Natural Gas Grid, slated for completion by 2026, is set to unlock the region's vast natural gas reserves. This will boost India's energy security, allowing producers to sell surplus gas domestically and internationally. The grid will also attract new industries, create jobs, and provide cost-effective energy solutions for existing sectors like tea estates.
Indian telcos get huge discounts on gear as vendors target growth markets
Indian telecom operators like Reliance Jio, Bharti Airtel, and Vodafone Idea have secured network equipment from vendors like Nokia and Ericsson at significantly lower prices. This is due to India's large market and lower ARPU. Despite a sequential decline in revenue, India remains a crucial market for these vendors.
Myth Debunking 101: Long tenure means more job security
Job security now depends more on adaptability and continuous learning than staying long in one company. Industries like healthcare, technology, and education offer stable roles. Employees can increase job security by upskilling, networking, and delivering strong performance. Employers should invest in creating career pathways and recognizing employee contributions.
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Vijay Kedia on what to buy and avoid in Samvat 2081
For 15 years they have not done anything. You just imagine even Hong Kong index was some 32,000 or 34,000 in 2008. It is still hovering around 22,000 or 20,000 or something and 14 years and we are I do not know eight times plus or nine times plus we do not know
Zydus to acquire Naturell, the maker of Ritebite Max Protein for Rs 390 crore
Zydus Wellness will acquire Naturell, the company behind Ritebite Max Protein bars, for Rs390 crore. The acquisition will expand Zydus' presence in the healthy snacking market. Naturell had annual revenues of Rs129 crore in FY24. The deal is expected to boost Zydus' earnings from the next year post-acquisition.
Don¡¯t immediately want to buy into Hyundai post listing: Deven Choksey
Deven Choksey shares his views on Hyundai's IPO, suggesting it might have a muted listing and could turn into a buying opportunity later. He discusses the robust fundamentals of private banks like HDFC and Kotak. He also discusses the impact of lab-grown diamonds on Titan, the uncertain future of Paytm, and the challenges faced by Tejas Networks.
Huge opportunities in India as companies continue to invest in 4G, 5G: Nokia country head Tarun Chhabra
Nokia sees a great future in India¡¯s telecom market. Companies are investing in 4G and 5G. Nokia has started shipping equipment to Vodafone Idea and is working with all major telcos. The company highlights growing data usage and plans for expanding its R&D and manufacturing facilities in India.
6 career paths to pursue after an MBA degree
An MBA is a vital degree for management careers, enhancing job prospects globally. Graduates can pursue roles like Management Consultant, Investment Banker, HR Manager, Operations Manager, Marketing Manager, and Product Manager, each with competitive starting salaries. The program fosters skills in analysis, strategy, and leadership across various business functions.
Will banks lead the next phase of rally? Gurmeet Chadha answers
Gurmeet Chadha highlights the bank stocks' potential due to current valuations and expected rate cuts by RBI. He notes possible recovery for PSU banks and rotation towards stock-specific actions amidst market consolidation. Chadha also emphasizes IT sector's resilience and Tata Group's significant role in emerging sectors like semiconductors and clean energy.
Is your networking game weak? Here are 6 ways to amp it up
Networking requires consistent effort to build meaningful professional connections. Focus on quality interactions, attend industry events, leverage online platforms, offer help first, keep an impactful pitch ready, and maintain regular contact. These steps ensure you make the most of your networking opportunities.
Google ad tech trial outcome no death blow, win or lose
The US Department of Justice and a coalition of states accuse the Alphabet unit of illegally monopolizing markets for the technology that publishers and advertisers use to buy and sell ads on websites.
India on course to being a top three services market for Citi: Shahmir Khaliq
India is poised to become one of Citi's top three markets within 5-7 years, driven by the expansion of its services business and increasing global investments by domestic firms. Currently the fourth largest market, India shows significant growth potential in manufacturing, exports, and digital payments.
ET Soonicorns Summit 2024: Changemakers in India¡¯s space tech, climate tech, clean energy, and EV sectors set to share the blueprint for greening India¡¯s growth
The ET Soonicorns Summit 2024 is set to transcend resilience and focus on resurgence. With a key panel on ¡®Building for Tomorrow,¡¯ featuring industry leaders from space tech, climate tech, clean energy, and EV sectors, the summit promises actionable insights for greening India¡¯s growth. Register now to gain valuable knowledge from sector innovators and disruptors.
Applying for jobs? Avoid these 5 mistakes while searching for openings
In a competitive job market, strategic job searching is crucial. Avoid applying indiscriminately, prioritize networking, maintain a professional online presence, proofread applications thoroughly, and follow up with hiring managers. These steps can significantly enhance your chances of landing your desired job by demonstrating genuine interest and professionalism.
Firms scramble to build consortiums to be eligible for Rs 10,000-crore GPU plan
Small and medium companies are racing to form partnerships with peers and cloud service providers to become eligible for the massive Rs 10,000 crore graphics processing units (GPUs) tender by the government. As per the GPU procurement tender, central to India¡¯s Artificial Intelligence Mission, the bidder must have installed or placed a purchase order for a minimum 1,000 GPUs.
Raunak Onkar reveals 3 value plays in current market scenario
?You are actually seeing the demand offtake now as compared to what we were talking about, say five-six years back where everybody had a goal towards reducing the emissions across the world. Now, all these countries are coming and developing their grids. You are seeing renewable energy being picked up.
As the Indian economy grows, a new definition of defensive stocks is required? 8 stocks from 2 sectors with upside potential up to 31%
On two significant days, first the election results on June 4th and second, last Monday, when there was a sharp sell off in global markets, on both the days, while Nifty and broader market was under severe pressure, it was FMCG stocks, which were able register gains. Explanation was the same old, that money is moving to defensive stocks. While moving to defensive stocks trade which has been taking place for some time. But there is a fundamental question. Given the fact that the Indian economy has changed and new sectors have emerged, whose growth is better and also stable, should FMCG stocks be considered defensive stocks ? The reason why it is important to understand this is the fact that over the next few quarters volatility might be high and there will be phases where this defensive stock trade might come and one should be prepared for it. Also their numbers are clearly indicating that time to make a shift has come.
Samvardhana Motherson shares climb 6% on joining Apple¡¯s supply chain network
Samvardhana Motherson's shares increased by 5.5% as the company announced plans to join Apple's supply chain in India, partnering with BIEL Crystal Manufactory. They intend to build a new manufacturing facility in Tamil Nadu with an investment of Rs 2,000-2,500 crore. This move is part of Motherson's broader strategy to diversify beyond auto components.
FMCG is ¡°passe¡±: Indian economy has a new definition of defensive stocks: 8 stocks from 2 sectors with upside scope of up to 37%
On the day of election results were announced and the whole stock market melted, stocks from one sector were able to gain, that was FMCG. Many theories were floated about why they are doing well. Right from them being defensive stocks to that focus would not shift from investment to consumption. But close to a month down the line, all those stocks are once again in the under performance mode. The fact is before deciding on whether the stocks are defensive or not, some questions need to be asked. A stock which was a defensive stock in 1994 when the Indian economy was just opening is still a defensive stock even in 2024 when we are a whole different economy with different needs and consumption patterns.
FY24 milestone year for Tata Consumer Products: N Chandrasekaran
Tata Consumer Products, led by N. Chandrasekaran, highlights a milestone year in its 2023-24 annual report. Completing the amalgamation of Tata Coffee, integrating brands like Tata Soulfull and NourishCo, and acquisitions like Capital Foods and Organic India, signal a transformative phase. Revenue growth, expanded distribution, and increased market capitalization underscored its success.
MNP number shows competition intense as Jio, Airtel fight for Vi users
Telecom companies compete fiercely for market share. Vodafone Idea struggles without 5G. Airtel and Jio focus on service quality and rural expansion. Broadband users increase, with Jio leading the growth.
Pay DTH operators lost 0.66 million subscribers in festive quarter
According to the Telecom Regulatory Authority of India's Performance Indicator Report for the quarter ending December 31, the pay DTH base of the four private DTH operators declined to 63.52 million from 64.18 million in the trailing quarter.
Trying to bring in fresh blood and fresh thinking in VIP, looking at 14% growth, says MD
VIP Industries, led by Neetu Kashiramka, focuses on regaining lost market share through product enhancements, e-commerce optimization, and market strategy improvements, targeting a significant growth in the luggage industry. Kashiramka says: "From Q4 onwards, it will be double digit growth. So, you will start to see some market share gain starting from Q4 itself."
Telecom firms struggle to monetise amid incomplete 5G rollout
India recently became the fastest 5G rollout nation in the world. The country¡¯s top two carriers, Reliance Jio and Bharti Airtel, have collectively splurged around $25 billion in buying 5G airwaves and launching their next-generation wireless broadband services. Between them, they have 165 million 5G customers. But neither of them has seen any serious monetisation of their 5G businesses even 18 months after they introduced next-gen networks.
RBI order on credit card networks; Google billing row unnerves gaming apps
The central bank¡¯s latest diktat barring exclusive deals between banks and card companies could disrupt their mutually beneficial partnerships. More on this in today¡¯s ETtech Morning Dispatch.
Juniper soars 21% on reports Hewlett Packard Enterprise close to $13-billion deal
HPE, grappling with sluggish demand in its traditional server business, is looking to tap into Juniper's offerings such as network security and AI-enabled enterprise networking operations (AIOps).
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