Budget 2023: 80C limit could be raised by FM to improve savings
The capital expenditure target can be raised to Rs 9-9.5 trillion from Rs 7.5 trillion set for FY23. It will significantly improve the infrastructure spending and enhance the business for other elide sectors such as cement, metals and capital goods.
If I were FM: Nikhil Kamath recommends uniform corporate tax rate in Budget 2023
We will take significant steps to raise productivity in the real economy and focus on improving rural jobs. Clear disinvestment targets would be better if there is a strategic stake sale in a few companies rather than minor divestments in more companies.
Porinju Veliyath buys stake in this small cap holding company
The stocks 52-week low and high prices are Rs 67 and Rs 112, respectively. Currently, the share is trading 49% higher than its 52-week low price.In the quarter ended September, FIIs also raised stake in the stock to 7.55% from the earlier 5.76% in the June quarter
Decoding the impact of a global recession on booming Indian economy
With rapid urbanization and holistic governmental efforts to develop the rural economy paying off, India continues to maintain its position as a top investment destination that seems unperturbed by the current recessionary climate engulfing developed economies.
ETMarkets Fund Manager Talk: This Marwari money manager like these 5 sectors; explains why he is sitting on 8% cash
"Staggered investing and booking profits in overvalued stocks has been the cornerstone of our investing in the past one year. We generally invest in companies with 3-5 years horizon, however, being deep value investors at the heart we have been booking profits in some of our ideas where the valuations were getting rich and have reinvested the same into other deep value opportunities."
ETMarkets Management Talk | Recessionary headwinds will impact growth in market: Deepal Shah, Allcargo Logistics
Our digitization driven by Chairman Shettys vision uniquely makes us the global market leader as well as the tech disruptor in our industry. This provides us robust growth momentum, which will help us maintain strong performance and as economic revival begins starting next year, we expect to witness growth in volumes.
Looking for a theme to build your stock portfolio? Here’s one solid idea
The National Highways Network will receive an investment of Rs 20,000 crore to add 25,000 Kms in the current fiscal. Private investment is invited for four Logistics Parks in the form of a Public-Private Partnership (PPP). Policies such as 100% FDI under the automatic route have been set to ease foreign investment in India.
Allcargo Logistics Q2 Results: PAT falls 13% to Rs 230 crore
Allcargo Logistics said its board has approved plans to acquire a 30 per cent stake in Gati Kintetsu Express Pvt Ltd (GKEPL) from KWE group. In the JV, Allcargo Group firm Gati owns 70 per cent stake while the remaining 30 per cent stake is with the KWE (Kintetsu World Express) group.
After NLP launch, ICICI Direct bullish on logistics space, lists 4 top picks
So, as the NLP looks to reduce logistics cost from the current 13-14% to sub 10% and there are seen multiple benefits unfolding from the regime in due time, ICICI Direct has listed its top 4 picks from the space.
New logistics policy complementary to PM Gati Shakti plan: DPIIT Secretary
“For internal multimodal connectivity, we wanted to bring down the logistic cost and increase logistic efficiency. The National Master Plan addresses the infrastructure issue. It was launched last year. It has already started doing extremely well. To complement that, because the infrastructure is there, systems, processes and skilled manpower are needed and to address these issues, the policy has been launched.”
New rly land licence policy may not benefit Concor: Analysts
The Union Cabinet, on September 7, approved the policy on leasing railways land for Gati Shakti terminals, cutting the annual land licence fee (LLF) to 1.5% from earlier 6% of the market value of the land. It has also extended the term for up to a period of 35 years from the earlier five years.
LLF policy changes fail to lift Concor estimates but stock is still a 'buy'
The new LLF framework approved by the Union Cabinet proposes LLF to be charged for 35 years at 1.5 per cent of the market value of land per annum as against 6 per cent in the existing policy. The bidding mechanism will be carried out for 300 new PM Gati Shakti Cargo terminals that are to be developed over the next five years.
Demand from ecommerce, 3PL to push warehousing absorption to highest ever in 2022
In 2021 itself, the net absorption of warehousing space rose to 39.2 million sq ft, surpassing not only 2020s absorption level of 22.1 million sq ft but also the 36.3 million sq ft registered in the pre-pandemic year of 2019. And the current pipeline of impending transactions is projected to drive net absorption of 42.5 million sq ft in 2022, according to data from JLL India.
B2B retail commerce platform Soptle raises funds led by Soonicorn LLP and a clutch of logistics leaders
Launched in May 2022, by 20-year old engineering school dropout Pravas Chandragiri, Soptle is a micro SaaS-led B2B retail commerce platform that helps consumer goods companies distribute products by using its network of over 15,000 retailers across the country.
The roads ministry, for instance, has been seeking levies of 10% of the land's market value from the telecom ministry, citing its rule books while the railways ministry is learnt to have sought for near 6% of the market value of the land and advance payment at yearly rate for 10 years. The ministry of environment and forests also brings in net present value charges which are imposed for use of forest land.
Sunil Mittal explains how India is poised for a data explosion that will have spin-offs all across its economy
Indias sustained digital revolution will have a spin-off impact on all sectors of the economy. As adoption of emerging and new technologies takes centre stage, the actualisation of ideas surrounding ‘data as a capital good will drive policymaking, investments and, subsequently, the array of digital offerings to the Indian consumer.
The Central Universities (Amendment) Bill, which also seeks to expand the scope of the University from beyond the railways to cover the entire transport sector to support the ambitious growth and modernisation in the field, was passed by a voice vote after a brief discussion.
DBS Group bullish about India, to grow through 'phygital' model in country: says CEO Piyush Gupta
"Our digital capabilities have helped us serve our customers seamlessly even during the pandemic in all our markets, including India. Our suite of digital offerings helped MSMEs (Micro, Small and Medium-sized Enterprises) in India meet working capital needs and operational liabilities," underlined the tech-savvy banking veteran. DBS also helped MSMEs in India to navigate the challenging business environment by disbursing loans to the segment during the lockdown months.
Lok Sabha passes Central University Bill amid National Herald din
While the Question Hour and the Zero Hour were drowned in the protests, the government managed to conduct a debate amid the din, pass the Central Universities (Amendment) Bill and introduce The Energy Conservation (Amendment) Bill, 2022.
Unemployment rate shows declining trend: Government to Rajya Sabha
The estimated Worker Population Ratio (WPR) on usual status for persons of age 15 years and above was 47.3 per cent, 50.9 per cent and 52.6 per cent during the years 2018-19, 2019-20 and 2020-21, respectively, indicating the increasing trend in employment. He said, "Employment generation coupled with improving employability is the priority of the government".
Porinju's daughter enters this microcap with 1.3% stake in Q1
TCM, where LIC owned a 10.60 per cent stake as of June 30, saw Shilpa Porinju Veliyath as a public shareholding with over 1 per cent stake. Shilpa held 1,00,000 shares or a 1.34 per cent stake in the company as of June 30. She was not among public shareholders of the company in the past, with over a per cent stake.
An economic ecosystem linking two major economic centres, an industrial corridor, invigorates economic activity along the transportation corridor. Akin to an artery, it forms the lynchpin of economic activity in a region. It harbours clusters of industrial production and manufacturing catering to local as well as global demands.
Cabinet approves free booster dose for citizens above 18-years-old; new road and rail line under Gati Shakti Yojana
Union Cabinet approved Taranga Hill-Ambaji-Abu Road new rail line to provide connectivity and improve mobility. The estimated cost of this project is Rs 2798.16 crores and will be completed by 2026-27. Gati Shakti university will also be recognised as deemed university and come under center university.
We are exceeding make in India promise with 80% local supplies: Alstom Global CEO
"We have a lot of demand, projects and investment on the back of sustainable mobility everywhere in the world and in India in particular. The railways is witnessing urgent investment needs in the world. Demand for us is not a constraint at all," Alstom's global CEO said.
FM asks Niti Aayog to map all industrial activities for incorporating them into PM Gati Shakti
The Centre has approved the financial and institutional structure with a budgetary support of Rs 17,500 crore for the development of industrial cities. In December 2020, the government approved development of 11 industrial corridors spanning 32 projects in four phases based on the availability of land, preparedness and multi-modal connectivity infrastructure.
Centre earmarks Rs 80,000 crore interest-free loans for states undertaking capital works in FY'23
Issuing the guidelines for implementing the scheme, the finance ministry said Rs 80,000 crore is reserved for capital works to be undertaken by the states. To avail the benefit for investments made this fiscal, states will have to submit details like name of the project, capital outlay, completion period and its economic justification to the expenditure department of the Union finance ministry.
New Mangalore Port Authority receives first mainline container vessel
The arrival of the mainline container vessel operator signals that Mangaluru, Karnataka and the hinterland of the port now has a facility that will facilitate higher import-export activities. This is also a sign of the port heralding a higher phase of growth, he said.
Recession fears? Mohit Nigam explains a nearly 20% fall in metal stocks in June
"It is better to be defensive in such a market scenario for quite some time, but we believe that the Indian market is at the cusp of revolution. These small corrections are part of the journey which gives investors a good opportunity to make fresh entries or accumulate quality stocks at every dip."
How fast can Delhivery get to be a Rs 25K-30K co? Sandeep Barasia explains
“We see an opportunity to create a Rs 25,000-30,000 crore company and we will get there; the question is how fast can we get there and how can we get there while being very prudent about the capital we have raised and get the profitability? That is what we are going to try.”
"As a part of our strategic and fundamental business realignment, we exited the non-core business such as the cold chain and project transportation business and started focusing on our four core businesses – international supply chain, CFS, express logistics and contract logistics . The acquisition of Swedish logistics company Nordicon Group and the joint venture in South Korea also positively impacted the groups performance in FY22."
Shipping Minister sets target of zero wait time at major ports
Speaking at a Chintan Baithak of the Shipping Ministry dwells on Innovative Ideas to propel Indias Blue Economy, Sonowal said, “There should be zero waiting time for inbound and outbound cargo. This means there should be zero waiting of ships as well as for trucks carrying cargo.”
100% upside! This Mukul Agrawal stock just got 2 big price targets in 2 days
“These are crucial to enable handling of large volumes as fewer docks in smaller hubs choke parcels express movements during peak hours. The management aims to handle volumes more than the industry average,” the brokerage said on Wednesday.