Category: Business & Economy

On December 16, a special event called the Xiaomi Internet Partner Conference took place in New Delhi. Important people from the tech world, like developers, advertisers, and industry leaders, got together to discuss how to create a better digital shopping environment.

Nitesh Trivedi, who leads Xiaomi’s internet business in India and South Asia, said that Xiaomi is focused on creating a strong network of devices and services. Their platform, HyperOS, connects different devices and improves user experiences. Xiaomi offers tools like GetApps, Mi Ads, and PatchWall to help businesses grow through better advertising and engaging content.

Trivedi mentioned that India has one of the fastest-growing digital economies, with over 900 million people online. Xiaomi’s goal is to help both partners and users succeed through their “Grow with Xiaomi” strategy, which focuses on providing a helpful and open digital ecosystem.

Xiaomi’s GetApps allows developers to present their apps more effectively, making it easy for users to access services right from their home screens without needing downloads. This approach helps businesses reach more customers.

In addition, the Mi Ads system helps advertisers use smart technology to better understand their audience and improve their advertisements, which ultimately lowers costs and boosts results.

PatchWall is Xiaomi’s platform that improves content discovery on TVs. It helps users find what they want to watch and provides advertisers with better opportunities to engage with these viewers, especially during big events like the IPL and ICC Cricket World Cup.

Trivedi concluded that Xiaomi’s ecosystem is designed to help partners grow by connecting smart advertisements with their app ecosystem, making it easier for everyone to find success in India’s fast-growing digital world.

On Monday, Siemens Ltd.’s stock rose by 0.44% to reach Rs 6836.30 by 2:08 PM (IST). During the day, the stock peaked at Rs 6911.60 and dipped to Rs 6642.95. The company has a strong return on equity (ROE) of 17.68%, which measures how well it uses its assets to make profits.

Around this time, the trading volume was significant, with shares traded amounting to Rs 10.67 crore. Siemens’ shares have seen a 52-week high of Rs 8129.95 and a low of Rs 3817.00, showing a wide range in its stock price over the past year.

The stock is considered a bit volatile, with a beta value of 1.3044, meaning it moves more than the overall market.

Investment Structure
– Promoters: 75% of the company is held by its founders.
– Foreign Investors: 8.69% are held by foreign investors.
– Domestic Investors: 6.83% of the shares are with local institutions.

Company Performance
For the quarter that ended on September 30, 2024, Siemens reported a total sales figure of Rs 6744.40 crore, which is a huge jump of 25.82% compared to the previous quarter’s sales of Rs 5360.30 crore, and a 13.29% increase from Rs 5953.20 crore from the same quarter last year. In terms of profit, the company made Rs 830.7 crore, which is a rise of 45.41% compared to last year.

In 2024, the top five tax-saving mutual funds, known as ELSS, have given awesome returns of over 25%! There are 38 funds in total in this category. The top fund is Motilal Oswal ELSS Tax Saver Fund, which made about 45.36% profit this year. Close behind are the HSBC ELSS Tax Saver Fund with 32.97% and the JM ELSS Tax Saver Fund with 27.58% returns.

Other good performers include WOC ELSS Tax Saver Fund at 27.46% and SBI Long Term Equity Fund at about 26.68%. The Franklin India ELSS Tax Saver Fund gave two cool returns of 21.48%, followed closely by the Kotak ELSS Tax Saver Fund at 21.41%. The largest fund, Axis ELSS Tax Saver Fund, returned around 16.98%. Sadly, the Samco ELSS Tax Saver Fund and Quant ELSS Tax Saver Fund had lower returns of 9.10% and 8.06% respectively.

Who Did Better?
27 of the 38 funds exceeded their expected returns! Both the Motilal Oswal ELSS and HSBC ELSS funds did especially well compared to their benchmarks. For example, SBI Long Term Equity Fund posted a profit of 26.68% while its benchmark only managed 15.20%.

Funds like Franklin India and Kotak also outperformed their benchmarks. Nippon India ELSS Tax Saver Fund and Mirae Asset ELSS Tax Saver Fund gave decent returns of 17.55% and 17.18%, both beating their benchmarks of 15.70%. Axis ELSS delivered 16.98%, better than its benchmark too.

Some Funds Lag Behind
On the other hand, funds like PGIM India ELSS and Sundaram ELSS did not match their benchmarks. Bandhan ELSS only provided 12.96%, lower than its benchmark return.

Overall, the average return from these ELSS funds in 2024 was around 19.31%. The benchmarks for these funds, the NIFTY 500 – TRI and BSE 500 – TRI gave returns of 15.70% and 15.20% respectively.

This information helps us look at how these mutual funds performed this year. Remember, it’s always good to think about your personal finances before you invest!

On Monday, the share price of Bandhan Bank Ltd. went up by 2.67% to reach Rs 163.35 by 12:37 PM. During the trading session, the stock reached a high of Rs 163.85 and a low of Rs 158.25. On the previous trading day, the share price was Rs 159.10. So far today, there have been many shares traded, totaling Rs 8.02 crore.

The price-to-earnings (P/E) ratio of Bandhan Bank is 9.45, meaning investors are willing to pay this price for each rupee the bank earns. The price-to-book (P/B) ratio is 1.34, showing how much investors are ready to pay for the company’s value, even without considering growth.

Bandhan Bank operates in the private banking industry. As of September 30, 2024, the promoters owned 39.98% of the company, foreign investors held 26.73%, and domestic institutional investors owned 16.33%.

In its latest report, Bandhan Bank announced that its consolidated sales for the quarter ending September 30, 2024, were Rs 6094.53 crore. This is a slight increase of 0.51% from the previous quarter and a significant rise of 21.11% compared to the same time last year when it was Rs 5032.19 crore.

This week, three new companies are getting ready to sell shares to the public, including one big company. December 2024 has been a great month for new stock offerings, with 15 big companies raising over ₹26,000 crore! After a tough week due to worries about interest rates from the US Federal Reserve, the stock market opened strong this week.

Here’s what’s coming up:

1. Unimech Aerospace and Manufacturing: This is the only big company IPO this week. It opens for investment on December 23, and the price is set between ₹745 and ₹785 per share. Unimech hopes to raise ₹500 crore, and the offer will end on December 26.

2. Solar91 Cleantech: The first small company IPO is for Solar91, opening on December 24 and closing on December 27. This solar energy company aims to raise ₹106 crore, with prices between ₹185 and ₹195 per share.

3. Anya Polytech & Fertilizers: Another small company IPO will be for Anya Polytech, opening on December 26 and closing on December 30. Shares will cost between ₹13 and ₹14, with a goal to raise ₹44.8 crore.

Upcoming Listings:

– Big company stocks like Transrail Lighting and DAM Capital Advisors will start trading on the BSE and NSE on December 27.
– For small companies, NACDAC Infrastructure will list on December 24, while Identical Brains Studios and Newmalayalam Steel will list on December 26 and 27, respectively.

Closing This Week:

– Subscriptions for Transrail Lighting, DAM Capital, Mamata Machinery, and others from the big company list will close on December 23.
– Ventive Hospitality, Senores Pharmaceuticals, and Carraro India will close their offers on December 24.
– For small companies, Newmalayalam Steel’s IPO of ₹42 crore will close on December 23.

SEO Optimized Search Description:

Discover the latest IPOs launching this week, including Unimech, Solar91, and Anya Polytech, and learn about their closing dates & fundraising goals!

Avenue Supermarts Ltd., the company behind Dmart stores, saw its share price go up by 1.04% to Rs 3443.95 at 10:55 AM today. During trading, the stock reached a high of Rs 3449.95 and a low of Rs 3421.10. Just last session, it closed at Rs 3408.50.

So far, 11,843 shares have been traded, amounting to Rs 4.07 crore on NiftyStat. The company’s price-to-earnings (P/E) ratio is 83.25, which means investors expect good future growth. The price-to-book (P/B) ratio is 15.76, showing people are willing to pay a high price even if the company isn’t growing much right now.

In the past year, Avenue Supermarts Ltd. stock has risen by 14.18%, performing better than the 30-share index, which went up by 11.64%.

As of September 30, 2024, the promoters own 74.65% of the company, while foreign investors hold 9.95%, and domestic institutions own 5.95%.

In the latest financial report, the company announced net sales of Rs 14,478.02 crore for the quarter ending September 30, 2024. This is a 2.6% increase from the last quarter’s sales of Rs 14,110.74 crore and a 14.35% rise compared to Rs 12,661.29 crore from a year ago. The company’s profit for the latest quarter was Rs 659.58 crore, marking a 5.78% increase compared to the same quarter last year.

Just as the world was starting to recover from the COVID-19 pandemic, new challenges appeared for 2025. In 2024, central banks around the world could finally lower interest rates after managing inflation without causing a global recession. In the U.S. and Europe, stock markets soared to new heights, and a magazine even reported that 141 new billionaires had joined the ranks of the super-rich. But this didn’t make voters happy. In many countries, from India to South Africa to the U.S. and Europe, voters punished elected leaders in elections for not addressing the rising cost of living caused by inflation since the pandemic.

2025 might be harder for many. If former U.S. President Donald Trump imposes new tariffs on imports, it could create a trade war, leading to more inflation and possibly a global economic slowdown. Unemployment, currently low, could also rise. Ongoing conflicts in places like Ukraine and the Middle East, as well as political issues in Germany and France, add to the uncertainty. Additionally, many countries are increasingly concerned about the growing costs of climate change.

This situation is critical. According to the World Bank, the poorest nations are facing their worst economic struggles in 20 years because they missed out on the recovery after the pandemic. These countries can’t afford to face new challenges, like bad trade deals or less financial support. In wealthier countries, governments need to figure out how to convince voters that their quality of life is not declining. If they fail, it could lead to the rise of extreme political parties and unstable governments.

Countries with strained budgets, already made worse by COVID-19, will need to prioritize spending on things like climate change, military needs, and elderly care. A healthy economy is crucial to raising the funds needed for these issues. However, if governments continue to pile on debt, they risk facing a financial crisis in the future.

Looking ahead to 2025, European Central Bank President Christine Lagarde warned that uncertainty will be everywhere. It’s unclear if Trump will go through with new tariffs, raising risks for many industries. China, the second-largest economy in the world, must also transition away from its reliance on manufacturing and help low-income citizens. Meanwhile, Europe needs to tackle its own economic issues, like lack of investment and skills shortages.

Many countries could face tougher times if the U.S. dollar gets stronger. This could push investors away and make debts in dollars more expensive. Additionally, ongoing conflicts in Ukraine and the Middle East could affect energy prices, further complicating the global economy.

For now, policymakers and financial markets are hoping the global economy can handle these challenges and that interest rates will return to normal. But as the International Monetary Fund suggests, people should prepare for uncertain times ahead.

Anshul Saigal, the founder of Saigal Capital, says there are many chances to pick good stocks in the current market. Whether in construction, manufacturing, alcohol, or fast-moving consumer goods (FMCG), there is a lot to explore. This year will offer plenty of chances for those who can spot the right investments.

However, this week’s market is showing some weakness. Saigal explains this is mainly due to big economic factors and the fact that stock prices have risen a lot recently, leaving little room for further growth in the short term. After strong growth over the last couple of years, the market is taking a pause. This is a good thing because it will remind many investors that making money in the stock market is not always easy.

In the upcoming year, the stock market will really challenge investors. There will be clear winners and losers, and it will take skill to pick the right stocks. For example, some stocks may go up by 6-7% even when the overall market drops. Observing these trends will be essential.

When discussing companies like ABB India and Siemens, Saigal points out their high stock prices. For instance, these companies might be priced at 60 to 80 times their earnings. To justify such prices, investors need to carefully consider if they are paying too much. While these companies are great, there’s little room for bad news, which could lead to price drops.

As for buying opportunities in the current market, some experts believe that next year might see a rise in demand for basic goods, such as food and household items, especially in rural and smaller towns. Companies providing these goods are worth watching, as their prices have remained stable despite recent challenges.

Another area to consider is banking. Many banks, especially state-owned ones, are currently priced very attractively, making it a great time for investment. Overall, Saigal believes there are many stock-picking opportunities in various sectors, like capital goods, manufacturing, and more. To succeed this year, investors should be prepared to work hard and stay informed.

Boeing has secured a huge order worth $36 billion from Pegasus Hava Tasimaciligi AS, a low-cost airline in Turkey. This is a significant deal for Boeing, as it pushes ahead in 2023 and competes with Airbus, which was previously Pegasus’s main choice.

Pegasus has ordered 100 of Boeing’s latest 737 Max 10 planes, which are not yet approved for flying. They expect to start getting these new planes in 2028, with the option to buy another 100 if they want. The total value of this order could grow even more if Pegasus decides to convert the options into firm orders.

This order is the largest in Pegasus’s history and is a vital win for Boeing, especially after a tough year with a long worker strike and an accident earlier this year. Just two years ago, Pegasus announced they wanted to buy only Airbus planes.

The news caused Boeing’s stock price to rise by about 4% during trading in New York, hitting a peak not seen in four months. Boeing is hoping to finish the year on a strong note, having also sold 14 planes to China Airlines earlier.

Kelly Ortberg, the new CEO of Boeing, is seeing a boost in customer confidence, according to an analyst. The company is also getting back to full production after the strike, making it a crucial time for new orders.

Pegasus plans to expand its services and fly to more destinations in North Africa and the Baltic states. Currently, they have over 100 planes, mostly Airbus, but this new order marks a shift towards Boeing for the future. The airline stated that they will keep working with both Boeing and Airbus but believe this order strengthens their relationship with Boeing.

Turkey aims to be a major hub for tourism and business, using its new airport in Istanbul. Pegasus flies from Sabiha Gokcen airport in Istanbul, which is also expanding with a new runway. This deal could lead to more production and job opportunities for Turkish companies, indicating a partnership between Turkey and Boeing. Meanwhile, Airbus remains strong in Turkey, having secured a significant order from Turkish Airlines last year.