Cut GST on agrochemicals to 5% or at least 12% immediately: MK Dhanuka

Cut GST on agrochemicals to 5% or at least 12% immediately: MK Dhanuka

MK Dhanuka, MD, Dhanuka Agritech, says that in order to make the pesticide available at reasonable prices for the farmers, the government should definitely think of reducing the GST on agrochemicals from 18% to either 5% or at least up to 12% immediately. The industry tried very hard this time for GST reduction but it … Read more

Dabur India, PI Industries could rally 19-26% return on above normal monsoon: Siddhartha Khemka

Dabur India, PI Industries could rally 19-26% return on above normal monsoon: Siddhartha Khemka

The India Meteorological Department (IMD) announced its stage-2 long-range forecast for southwest monsoon 2024. It has retained its outlook of an above-normal monsoon this year. It expects rainfall in the upcoming monsoon to be at an eight-year high of 106% (with an error margin of +/-5%) of the long-period average of 870mm for the four-month … Read more

Kaynes’ strength in mainstays to keep its stock at a premium

Kaynes’ strength in mainstays to keep its stock at a premium

ET Intelligence Group: The stock of Kaynes Technology India, an electronics manufacturing company, has gained 26% in the past two trading sessions boosted by robust revenue growth in the March quarter and an upbeat margin outlook. The printed circuit board assembly (PCBA) supplier to leading automakers and healthcare companies has guided for revenue growth of … Read more

Mphasis management on company performance, growth outlook and more

Mphasis management on company performance, growth outlook and more

“A lot of this is driven through everything we talked about in the last few quarters, the focus on in-account actions, extreme amount of focus on investing in relevant tech solutions, infusing a lot of tech and AI into these solutions to actually create a differentiation,” says Nitin Rakesh, CEO, Mphasis.Meanwhile, Manish Dugar, CFO, Mphasis … Read more

Wireless equipment, wireline offer significant opportunities of replacement: Tejas Networks management

Wireless equipment, wireline offer significant opportunities of replacement: Tejas Networks management

Anand Athreya, CEO & MD and Arnob Roy, COO & ED, Tejas Networks , in conversation with ET NOW. Though BSNL has given the biggest order, a significant amount of the order book is for other customers and for Tejas’ wireline products. The order book is mainly the business and tenders that they have won … Read more

Our aspiration is to make Persistent a $2 billion plus company in next three years: CEO

Our aspiration is to make Persistent a  billion plus company in next three years: CEO

Sandeep Kalra, CEO, Persistent Systems, says “as we go ahead, as the market conditions stabilise, that will give us the opportunity to have the leverage of all the investments we have done whether they are in the next generation technologies like generative AI or increased sales and marketing investments, etc, and that should help us … Read more

India Inc Q3 profit growth remains on double-digit path

India Inc Q3 profit growth remains on double-digit path

While the overall outlook for corporate India is promising, short-term volatility cannot be ruled out, given general elections are coming up. Synopsis For the sample of 3,381 companies, revenue grew 8.2% Y-o-Y in the quarter compared with a 17.3% rise in the year-ago period. Net profit rose 25% on a lower base of 2.2% growth … Read more

Expect rural growth to initiate from Q1 or H1 of next fiscal: NH Bhansali, Emami

Expect rural growth to initiate from Q1 or H1 of next fiscal: NH Bhansali, Emami

NH Bhansali, CEO-Finance, Strategy & Business Development, Emami, says “margins have really improved compared to the previous year and this has helped us improve on the EBITDA and the PAT by double digit despite a very low single digit growth. We feel this margin would sustain because in the past periods, there had been a … Read more

In which sector is risk-reward looking attractive? Kunal Pawaskar answers

In which sector is risk-reward looking attractive? Kunal Pawaskar answers

“Previous calendar year was a year when many companies bore the brunt of inflation after the Russia-Ukraine conflict started and commodities rose,” says Kunal Pawaskar, Tata Asset Management.At your PMS at Tata AMC, how are you observing the earnings quality so far because our observation was that largely earnings are actually pretty good. In fact, … Read more