Home appliances maker Orient Electric posted an over two-fold rise in fourth-quarter profit on Friday, helped by strong demand for its fans and air coolers with the onset of summer. The company’s profit rose to 312.6 million rupees ($3.66 million) in the quarter ended March 31, from 128 million rupees a year ago. Revenue from … Read more
“We also believe sectors like auto, industrials, and consumption could benefit from margin expansion over the next few quarters given the slump in crude, metals, and freight rates albeit volume growth could be tepid,” says Kaizad Hozdar – Investment Advisor, TrustPlutus Wealth. In an interview with ETMarkets, Hozdar said: “We continue to keep faith in … Read more
“Well the Chinese economy will probably recover towards the second half of next year simply because the shocks it has been subject to have been pretty significant this year,” says Raghuram Rajan, Former RBI Governor & Prof, University of Chicago Booth School. Mythili Bhusnurmath: Do you see the IMF’s forecast of one-third of the global … Read more
“We have got a good start and a good base and the best thing that we can do to honour his memory is really to run a good and world-class airline, which is what we have endeavoured to do in these last few months,” says Vinay Dube, Founder & CEO, Akasa Air. Tamanna Inamdar: What … Read more
While the world’s democratic superpower was maintaining armslength from Narendra Modi (then Gujarat Chief Minister in 2012-13), Europe led by an European Union delegation in India was quietly engaging with the BJP leader nearly two years before the Lok Sabha elections. In fact, Ambassador Joao Cravinho, head of the EU delegation, led Ambassadors of various … Read more
ET Now caught up with KV Kamath, Chairman, ICICI Bank, for his expectations from the Narendra Modi government as well as the Budget. Excerpts: ET Now: Talking of expectations from Narendra Modi, do not you think too much hope and money in essence is riding behind one man? Despite his good intentions, there are structural … Read more
The central government has complete power with a clear mandate, but directives from the Centre have to be executed well at the state level. So, there are many things that are still not in Modi’s hands, says Raamdeo Agrawal, Joint Managing Director, Motilal Oswal Financial Services in an interview with Narendra Nathan and Sanket Dhanorkar. … Read more
ET Now caught up with former Infosys Board Member Mohandas Pai for his views on the top level exits in Infosys. Excerpts: ET Now: There are two ways of looking at it the top level exits in Infosys. On the one hand, a lot of people say that there was a team that was probably … Read more