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Reliance Industries touches ₹6 lakh crore in market capitalisation

Reliance Industries is the first Indian company to touch ₹6 trillion market-cap. RIL stock got a further push as Jio, its telecom arm, recently hiked tariffs earlier than anticipated. The stock added nearly ₹3 trillion market-cap since April after its telecom arm Reliance Jio started charging its customers.

Ashok Leyland to invest 400-500 crore on Electric Vehicles

Ashok Leyland is looking at investing Rs 400-500 crore in its electric vehicle business over the next three to five years.“We are preparing ourselves for the electric vehicle movement that is going to happen over the next five to 10 years… it’s a question of survival… so (we will invest) at least Rs 400-500 crore over the next three to five years,” Managing Director Dasari said.

Govt likely to achieve 3.2% fiscal deficit target: Report

The government is likely to achieve the fiscal deficit target of 3.2 per cent of GDP for the first time in about seven years, but may cut its capital expenses by Rs 70,000 crore to meet the goal, said a report by SBI Research. "We estimate that the government may cut about Rs 70,000 crore from the capital expenditure," the report said

Expect home loan segment to grow by 35-40% for FY18: Indiabulls Housing Finance

76 percent of the home loan market is now below Rs 25 lakh and our average ticket size as a company for home loans is Rs 24 lakh said Gagan Banga, Vice Chairman & Managing Director. Continue to grow at between 35 percent and 40 percent and book will grow by around 30-31 percent and home loan specifically will grow between 35 percent and 40 percent, said Banga. ( Moneycontrol )

Aim to triple revenues in 5-6 years: Havells

Confident of tripling revenues by FY20 to about Rs 20,000 crore in the next 5-6 years through both inorganic and organic play said Anil Rai Gupta, CMD, Havells. He said GST contracted demand for most of their segments and this sluggishness could continue in Q3 as well. we believe that we have either retained or gained market shares in every category said

BSE Ltd is expected a total cash turnover to post 15% CAGR over FY17-20E : HDFC Securities

NSE has market share of ~100% in the derivatives segment, and ~84% in the cash segment. BSE has been losing market share in the cash segment to NSE since 2006, but this has now stabilised in the last 3-4 years. In FY17, BSE had ~16% market share in the cash market. BSE/NSE cash turnover increased at CAGR of 5.5/13.2% over FY05 FY17 respectively. The Central Depository Services Ltd (CDSL) is the 2nd largest depository in India, with 44% market share. BSE holds 24% stake in CDSL. EBITDA has witnessed 22% CAGR over FY13-17 . CDSL revenue/EBITDA/PAT to increase at CAGR of 19/23/17% over FY17-20E.

Talbros Automotive is expected to increase its profit at a CAGR of ~23.9% till FY19 : HDFC Securities

TACL is the leader in the domestic gaskets market (38%) and has been in this business for 7 decades. It has set up three JVs with world leaders, all of which support the auto sector. The company is expected to increase its profit at a CAGR of ~23.9% over next two years has entered into joint ventures with 3 international corporate. 

Store one retail india limited is anticipated to grow at 17 % (CAGR) 2015-2020

Equipment renting services Company provides bespoke solutions in the development and construction of infrastructure and real estate The Company has a large fleet of branded equipment which includes: tower cranes, passenger cum material hoists, boom placers, transit mixers, dumpers, excavators, and framework development of buildings/structures. The Indian management and maintenance market is estimated to grow at 17 per cent and cross USD 19 billion mark over the next five years. “The swiftly growing services sector is creating huge potential for FM services, which is anticipated to grow at a CAGR of around 17 per cent during 2015-2020 and reach to approximately USD 19.4 billion by 2020,” the report by Global Infrastructure Facilities and Project Managers Association (GIFPMA) said.

IT industry to achieve 11-11.5 percent compounded annual growth rate (CAGR) over the next five years

A majority of IT business will come from digital transformation projects in coming years, says C P Gurnani, Managing Director (MD) and Chief Executive Officer (CEO), Tech Mahindra . Gurnani is confident that the IT industry will achieve 11-11.5 percent compounded annual growth rate (CAGR) over the next five years and will meet the 2020 revenue target of USD 225 billion.

Indian automobile industry can contribute over 12 per cent to the country's GDP by 2026

Currently, the automobile industry is contributing 7.1 per cent Indian automobile industry can contribute over 12 per cent to the country’s GDP and generate around 6.5 crore additional jobs over the next decade, a top Maruti Suzuki India official said today. “Our vision is that over the next decade, the Indian automobile sector must contribute in excess of 12 per cent of the country’s GDP. We (auto industry) want to create nearly 65 million additional jobs by 2026,” Maruti Suzuki India Managing Director and CEO Kenichi Ayukawa today said at an event here.

India just have 9% share of patented drugs. This shows that Indian Pharma industry lacks innovation in developing new drugs.

India has 3rd largest drugs production by volume and 13th by value. It is because of generic drug production India is 3rd biggest manufacturer of drugs. It was one of the few sectors in which FDI in which more than 50% of FDI (Infact 74% of FDI) was allowed from the start. It gave boon to Indian pharma market.India just have 9% share of patented drugs. This shows that Indian Pharma industry lacks innovation in developing new drugs. Thus, India wants to succeed it has to develop and promote innovation and move up the value chain.

By 2020, Yes bank will be the top three credit card with 15-18 % market share

“ By fiscal year 2020, we will be the top three credit card players of the country with 15-18 % market share,” said Pralay Mondal, senior group president of retail and business banking of Yes bank. Yes Bank will be offering interest rate of minimum 1.2% per month on its credit cards for which high networth customers are eligible. The industry average stands at 3.4% per month. As on March 2016, there are 24.50 million credit cards in the country with HDFC Bank Ltd. leading the chart at 7.28 million, followed by ICICI Bank Ltd at 3.65 million and SBI Bank Ltd at 3.62 million. Mondal said that “market share is skewed which provides opportunity for us. The current credit penetration is 2% in the country which is expected to be 5% in next five years. The incremental 3% growth provides huge opportunity for new players like us.