Connect with us

Business

India’s most valuable brands of 2019

Ali Azar

Published

on

Interbrand – The world’s leading brand consultancy has come out with its 6th annual “most valuable Indian brands” list for 2019.

The list names Tata, Reliance and Airtel as the 3 most valuable Indian brands of 2019. The combined value of the top 40 brands was 5,03,000 crores or ₹ 5.03 trillion , which represents a 5.2% growth in value over the previous year. Financial Services and Automotive sectors contributed the most with 27% and 13% of value respectively in this year’s top 40.

Ever since the inception of these rankings, Tata has continued to hold the top position in the best Indian brands table. However, Tata’s brand value grew by a modest 6.5% – contributed significantly by its flagship tech services business TCS. Reliance, after taking over the number two spot from Airtel last year, consolidated itself at second, with an increase in brand value of 12%, phenomenally bolstered by the growth of Jio.

The rankings are given based on three parameters; financial performance, the role the brand plays in influencing customer choice and the brand’s ability to command a premium price.

 

Business

Sensex snaps 8-day winning run, dives 222 points on profit booking

Published

on

By

markets

Mumbai | Snapping its eight-day winning streak, the BSE benchmark Sensex declined by over 222 points on Friday to end at 38,164.61 as investors booked profits after Fitch Ratings cut India’s growth forecast.

The 30-share index opened on a positive note at 38,452.47, but soon succumbed to heavy selling pressure, touching an intra-day low of 38,089.36. It finally closed at 38,164.61, down by 222.14 points, or 0.58 percent.

On similar lines, the NSE Nifty shed 64.15 points, or 0.56 percent, to finish at 11,456.90. Fitch Ratings Friday cut India’s GDP growth forecast for the next fiscal to 6.8 percent from 7 percent estimated earlier on weaker than expected economic momentum.

Tata Motors was the biggest loser in the Sensex pack, tumbling 2.47 percent, followed by Reliance Industries (2.44 percent), Maruti (1.84 percent), SBI (1.76 percent) and Bajaj Finance (1.23 percent). NTPC emerged as the biggest gainer in the index, spurting 3.67 percent.

Continue Reading

Business

Sensex rises for 8th session, ends marginally higher

Published

on

By

Sensex

Mumbai | Continuing its upward journey for the eighth consecutive session, market benchmark BSE Sensex ended marginally higher on Wednesday, following gains in Infosys, HDFC twins and L&T amid uninterrupted capital inflows by foreign funds.

However, gains were capped tracking weakness in Asian shares that slipped from six-month highs after a lackluster session as investors took profits ahead of a policy decision by the US Federal Reserve amid a report of US concerns that China is pushing back against American demands in trade talks.

The 30-share index began the session on a firm note at 38,433.86 and rallied to hit the session’s high of 38,489.81 on steady inflow of buying by foreign funds as well as retail investors.

However, emergence of profit-booking and losses in select heavyweight stocks on expiry of March series derivative contracts, the index turned negative and hit a low of 38,316.21 before returning in positive terrain to close the day higher by 23.28 points, or 0.06 percent, to 38,386.75. The barometer had rallied about 1,500 points in the previous seven sessions.

The broader NSE Nifty, however, ended 11.35 points, or 0.10 percent lower at 11,521.05 after shuttling between 11,556.10 and 11,503.10 during the session. Markets will remain closed Thursday on account of Holi.

Stocks of software exporters were centre of brisk activity after the rupee slipped below the 69 mark against the dollar. Software exporters’ majority of revenues come in dollar.

On a net basis, foreign institutional investors (FIIs) bought shares worth Rs 2,132.36 crore Tuesday, while domestic institutional investors (DIIs) sold shares worth Rs 1,253.67 crore, provisional data showed.

Continue Reading

Business

Brookfield Asset Management bets big on India

Ali Azar

Published

on

Brookfield Asset Management – A Canadian firm with $ 350 billion of assets under management and a 120 year heritage, seems to be favouring India, and is on a deal making spree in the country with acquisition of hotels, real estate and a massive gas pipeline.

Just last week, an investment trust led by Brookfield bought Reliance Industries’ East West Pipeline – a 1,400 km pipeline that transports natural gas and connects Kakinada on the eastern Andhra coast to Bharuch in Gujarat on the west coast for an acquisition price of ₹ 13,000 crore.

Previously, Brookfield had invested around $ 7 billion in India, which includes the acquisition of office and retail assets of Hiranandani Developers in Mumbai, purchase of Equinox Business Park from Essar Group, which is a commercial property in Mumbai’s business district of Bandra Kurla Complex and has also invested in roads and renewable energy.

However, its latest acquisition on Monday, of hospitality chain, Hotel Leela Ventures is the one that’s making waves. At a transaction value of ₹ 3,950 crore, Brookfield marked its entry into the Indian hospitality sector and the promoters of the Leela brand, led by C.P. Krishnan Nair, who founded the group in 1986, will transfer assets, properties, management and other contracts of Leela Hotels at Delhi, Bengaluru, Chennai and Udaipur; which collectively contributed 88% of the net worth in F.Y. 2018.

However, Brookfield is not alone in its bullishness on India; almost all sovereign funds from West Asia, Singapore as well as Canadian Pension Funds are recognising India as a key destination and purchasing assets here.

 

Continue Reading

Popular Stories

Copyright © 2018 Theo Connect Pvt. Ltd. info@hwnews.in