Chandra Shekhar Ghosh, MD & CEO, Bandhan Bank, says last financial year the bank had opened 300 branches and for that recruited 2,000 people. That cost is showing in the book but they had not given the full business of last year. Their business will be forwarded to this financial year and next and onward. … Read more
Jayant Acharya, Joint MD & CEO, JSW Steel, says , from a volume perspective they are good to go. The hot strip mill in Vijayanagar has been commissioned. The integrated facilities are under commissioning in the next two months or so but as they ramp up, the production volumes will increase. Similarly, BPSL phase 2 … Read more
Mahender Chhabra, CFO & Anurag Gahlot, COO, Motherson Sumi Wiring, in conversation with ET Now. Gaholot says Motherson Sumi Wiring finds the market very interesting and expects very good growth in the future as well. Volume is growing from the OEMs who ate adding capacities and customers are also choosing feature-rich models or topline models. … Read more
Sanjiv Bajaj, Joint Chairman & MD, Bajaj Capital, says in India the health inflation is about 14%, so that means every year the cost of health treatments are going up by 14%. There is an 18% GST on health insurance. So, the point is that that it is causing the claims to go up and … Read more
Boman Rustom Irani, CMD, Keystone Realtors, says redevelopment continues to be their forte. While Keystone has been strong in the western and eastern suburbs, now they are moving towards SOBO because of the infrastructure growth that is taking place in the city. They are in the process of taking up redevelopment in SOBO. FY24 has … Read more
Neetu Kashiramka, MD, VIP Industries, says that while this year the margin will be 15%, next year, it is going to be 18%. A 2-3% improvement in gross margin and a lot will happen to reduce overheads which are quite high now. All the work will start to show results starting H2 of this year. … Read more
Rishi Anand, MD & CEO, Aadhar Housing Finance, says the timing of the election, as their bankers have suggested, does not matter too much. So, they have gone ahead with the listing. In the entire context of getting Sebi approval for IPO in 2022 and not going ahead with it and then coming back with … Read more
Rajiv Batra, Head of Asia Pacific ex JP/CN, Equity Strategy and Head of India & Southeast Asia Equity Strategy, JPMorgan, says if one assumes policy continuity as the present dispensation is expected to come back to power, then one should keep positioned in a barbell manner. Invest in some safe and secured sectors like healthcare … Read more
B Thiagarajan, MD, Blue Star, says the AC industry, as well as Blue Star, had a great FY24 though the summer of FY23 was not a good one for the AC industry. March saw an unexpected growth in the last week. The industry for the month of March alone would have grown by over 40%. … Read more
Harsh Gupta Madhusudan NSE Gift City, says FIIs have been unable to topple the Indian market and as soon as the FII headwind becomes a tailwind, that is where the real equity party in India will begin. For that to happen, it is just a matter of a few months at most because it is … Read more
