Previous winners of the ET Startup Awards (ETSA) have stood out amid a crowded ecosystem and have gone on to become successful businesses. We look at a few of them from previous editions of the awards.
Blue Dart rebrands Dart Plus service, changes name to Bharat Dart
Blue Dart Express Limited has rebranded its service, formerly known as Dart Plus, as Bharat Dart. The company stated that the name change reflects its commitment to serving the diverse needs of Bharat, India's middle class, and emerging markets. Blue Dart has expanded its serviceable locations, with a focus on tier II and tier III cities, which accounted for 18.6% and 37.1% of the e-commerce market respectively in FY-23. The company aims to support small businesses and MSMEs in these cities and connect them to the global market through seamless delivery solutions.
EV cell maker Log9 flags production hit on delayed visas to Chinese experts
Log9 Materials, India's first lithium-ion battery manufacturer, warned production at its facility in Bengaluru could take a hit from the late arrival of Chinese experts as the New Delhi government delayed the approval of visa applications.
Indian EV cell maker Log9 flags production hit on delayed visas to Chinese experts
Log9 Materials, an Indian lithium-ion battery manufacturer, has warned that its production in Bengaluru could be affected due to the delay in the arrival of Chinese experts caused by the Indian government's delay in approving visa applications. Log9 depends on Chinese engineers to set up machinery and upgrade existing ones at its facility, and a delay in visas could hamper its production.
Ecommerce, logistics firms gear up to deliver bumper festive season
Companies across all segments of ecommerce and logistics are planning to hire two-three times more people (pickers, packers, loaders and warehouse and delivery persons) every month from September to November compared with a year earlier.
"The stocks which I am looking at right now are a little bit in the defensive space and some stocks are consumer facing stocks. So, the first pick would be Auro Pharma which could be bought at Rs 884. The second stock is Blue Dart, and the third one, from the banking and NBFC sector, is CSB Bank."
TVS Supply Chain Solutions offers exposure to global logistics opportunities
The company follows an asset light model by using leased warehouses. The company works with 72 Fortune 500 companies. Some of the clients include Daimler, Sony, Panasonic, Hero Moto, TVS and Hyundai Motor. The top 10 customers contributed 38.8% to the revenue in FY23. The company derives nearly 70% of revenue from overseas
Blue Dart Express Q1 Results: Firm reports over 48% decline in Q1 profit
Blue Dart Express, the Indian logistics services provider, has reported a consolidated net profit of INR 621.8m ($7.6m) for Q2 2022. This is a 48% YoY/QoQ decline, despite a correction in the aviation turbine fuel that accounts for 40% of the operating costs. Reduced fuel prices and soft demand across e-commerce
Growth visibility has done enough to burnish the allure of these stocks with investors - both at home and overseas. It is no wonder, therefore, that the India-listed stocks of these MNCs trade at premium valuations relative to their parent entities beset with inevitable growth challenges that mature markets present.
Overbought stocks: Patanjali Foods, V-Guard Industries among 10 stocks trading above RSI of 70
The Relative Strength Index (RSI) is a valuable technical indicator that measures a stock's momentum and identifies overbought or oversold conditions. An RSI reading above 70 indicates overbought conditions, while a reading below 30 suggests oversold conditions. Understanding the RSI helps investors identify entry or exit points and manage risk effectively.
New scam on the street! Nithin Kamath on how to deal with fraudsters in the name of 'courier companies'
Fraudsters are impersonating delivery companies like FedEx and Blue Dart, warning users of a new threat, said Nithin Kamath, CEO of India's leading broker Zerodha. An employee of Kamath's was called by a person claiming to be from FedEx, demanding money to release a package that the police had simply confiscated due to drugs being found inside.
RSI soars above 75: 9 companies which are now overbought
ETMarkets has identified 9 stocks with an RSI above 75, indicating overbought conditions. With a market cap over Rs 10,000 crore, these companies warrant a closer look. Find out more about their businesses and potential investment implications