Now, that’s a healthy sheet!
However, here’s some good news for the weak-hear
ted: A majority of pundits are of the opinion that interest rates might have peaked, but mind you, so have the profitability of the Indian companies. The FY07 performance of companies listed in India appears good considering the fact that consumerism (domestic demand)in India is at its life-time high, coupled with company favourable global macro-economic indicators like higher crude oil and metal prices. Results from telecom, cement, banking, automobile and metals space is a testimony to the above statement. The big three of Telecom – Bharti- Airtel, Reliance Communications and Idea Cellular rang in stupendous results. Top-line of Bharti-Airtel grew by 58% and profits almost doubled; ditto with Reliance Communications (annual profit touched Rs.24.09 billionin a short span of time). Says Harit Shah, Telecom Analyst, Angel Broking, “Financial performance of telecom majors was mainly driven by strong subscriber additions. Strong subscriber additions and usage drove the top-line growth.” Cement companies also deserve a special mention as they refused to cower down before government arm twisting, and yet surprisingly came out with a good set of numbers. In fact, the lowering of prices actually worked in favour of companies, as demand at lower price levels was quite enough (considering the explosive construction activity undergoing) to offset the price decrease. Moving on further, profitability of banks too peaked, as the appetite of mid-size companies, retail lending and Indian consumerism was at new peak last financial year.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
ted: A majority of pundits are of the opinion that interest rates might have peaked, but mind you, so have the profitability of the Indian companies. The FY07 performance of companies listed in India appears good considering the fact that consumerism (domestic demand)in India is at its life-time high, coupled with company favourable global macro-economic indicators like higher crude oil and metal prices. Results from telecom, cement, banking, automobile and metals space is a testimony to the above statement. The big three of Telecom – Bharti- Airtel, Reliance Communications and Idea Cellular rang in stupendous results. Top-line of Bharti-Airtel grew by 58% and profits almost doubled; ditto with Reliance Communications (annual profit touched Rs.24.09 billionin a short span of time). Says Harit Shah, Telecom Analyst, Angel Broking, “Financial performance of telecom majors was mainly driven by strong subscriber additions. Strong subscriber additions and usage drove the top-line growth.” Cement companies also deserve a special mention as they refused to cower down before government arm twisting, and yet surprisingly came out with a good set of numbers. In fact, the lowering of prices actually worked in favour of companies, as demand at lower price levels was quite enough (considering the explosive construction activity undergoing) to offset the price decrease. Moving on further, profitability of banks too peaked, as the appetite of mid-size companies, retail lending and Indian consumerism was at new peak last financial year.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
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to leave any chance to cash on the healthcare boom in India. In order to further consolidate its position, the healthcare group has recently chalked out a massive Rs.7.1 billion expenditure plan to set up hospitals in Mumbai and Chennai. While, the Group would invest about Rs.6 billion for its Mumbai expansion, the sate-of-art orthopaedic hospital in Chennai with 200 beds would engulf the rest of the investment corpus. The Group has even tied up with Western Hospitals for setting up these ‘centres of excellence’ at various places in Mumbai. Quite a handful, isn’t it?
data gave a clear indication that video games & hardware sales had a good time in July with a reported sales increase of 37%. The total sales rose from $675.6 million in July 2006 to $925.5 million in July 2007. A price cut in the range of $100-$500 did its magic for Sony Play Station 3 that sold 159,000 units. PS3 sales had declined more than 100,000 units in the preceding three months due to high prices. The top slot was retained by Nintendo’s Wii which retails at a very affordable price of $250, after having sold 425,000 units. Microsoft ’s Xbox 360 on the other hand suff ered 18% fall over last year. Th e 360 sold only 170,000 units, this is significantly less than last year. When neighbours are fresh & easy... Tesco is all set to woo the gourmet US consumers with its Food Deserts. It is opening up its 10,000 square feet stores which will house ready to eat meals and fresh produce. The Fresh & Easy Neighbourhood Markets would be situated in areas which large supermarkets or grocery store chains would not tap. The company had done a thorough extensive research before venturing with such stores to win the US. It has already been known to be famous for keeping products according to the taste of locales and this is what seems to be the lucrative factor. This is also good for the varied tastes of the US consumer.
