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As domestic growth prospects remain promising, backed by capital investments and policy support, Ambit Asset Management is betting on three major themes to play on India’s story. Mass consumption, manufacturing and industrial, and exports are the three major themes that the asset management firm is bullish on. “We are becoming increasingly positive on the mass consumption theme, driven by the recovery in the Hindi belt, deflation in raw material prices, and large companies taking aggressive price actions,” said Bhargav Buddhadev, fund manager at Ambit Asset Management, in an interview with ETMarkets. Buddhadev holds a positive outlook on the manufacturing and industrial theme, as he anticipates a revival in private capital expenditure. Lastly, he favors the export theme, given the government's implementation of various policy initiatives such as signing FTAs and incentivizing several sectors through PLI schemes. Edited excerpts:

Ever since the federal government announced its decision to place caps on temporary residents, economists have been talking about how the move could potentially compel businesses to invest more on technology instead of relying on “cheap labour” from abroad, which in the long run should help boost Canada’s struggling productivity rate.

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Fighter ( ₹199.96 crore), Teri Baaton Mein Aisa Uljha Jiya ( ₹81.61 crore) and Yodha ( ₹30.70 crore) - performed well below par. By contrast, in January-March of 2023, Shah Rukh Khan’s Pathaan was a blockbuster success, becoming the first Hindi language film to cross the ₹500-crore mark at the domestic box office. Two Tamil films - Vijay’s Varisu and Ajith-starrer Thunivu - were also big hits, each earning over ₹170 crore.

AIFs) are seeking clarification from the central bank on the exclusion of equity shares from the definition of downstream investments. The industry wants to know whether the exclusion applies only to investments in equity shares or also includes private equity and venture capital investments in the form of compulsorily convertible instruments. These instruments might include compulsorily convertible debentures (CCD) and compulsorily convertible preference shares (CCPS).

Tata Play's revenue from the core direct-to-home (DTH) business is predicted to decrease in the medium term due to moderation in its subscriber base. Still, this decline is anticipated to be offset by growth in broadband and over-the-top (OTT) businesses. According to a report by Crisil, the company's operating margins may face pressure in FY24 and FY25 due to moderation in the DTH subscriber base, partially offset by OTT aggregator Tata Play Binge's improved metrics and Tata Play Broadband's expected breakeven. The company's DTH subscriber base decreased in September 2023 compared to September 2022 due to competition from DD Free Dish and OTT platforms.

In an interview with the FT, he said the situation was more positive as tighter monetary policy has reduced the risk of a wage-price spiral. Bailey argued that policymakers do not need to wait until wage growth halves from its current level of 6.2% for rate cuts to occur, as he is not concerned about the inflationary risk because «monetary policy has done its job». «You need to have confidence that it is heading in that direction,» he said. Andrew Bailey: No need for inflation to come back to 2% target before cutting rates Bailey also spoke on the market pricing in multiple cuts fo...

Kalpen Parekh, MD & CEO, DSP Mutual Fund, says “we felt that prices are maybe a year ahead of what they should be and part correction has happened, let us say, in the last two-three weeks, but we do feel that even today when we look at our portfolios, we would be happy with some more consolidation either in terms of time or if there is some more price fall, our conviction to buy the same set of good companies with the next five-year horizon would go up significantly. But we would still say it is time to be cautious, time to be more diversified and time to be more asset allocated rather than chasing only one bucket.” You and your team are putting out some great data. In fact, it is just not garnering assets but also educating the ecosystem and learning which I really appreciate about your house. You called out on the froth in small and midcaps very early on. In fact, the buzz may have gotten louder in the last two weeks, but the melting of the indices started in the first or second week of February. Do you think the adjustment is done or not entirely?

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Renee Ballard, who takes charge of the Los Angeles Police Departments’s new cold case division. It is an under-funded, all-volunteer unit with the largest caseload in the city and the new detective has to beat all odds to crack the case she takes. Immediately after 'Bosch: Legacy', the first spin-off from the universe of Bosch was wrapped up, Prime Video decided to go for the second spin-off.

D-Day, Arjun Reddy, Goodluck Jerry, A Thursday, and Talvaar on the 4K service priced at ₹99 per month. Tata Play’s chief commercial and content officer Pallavi Puri said the 4K service will not just rest with Tata IPL but shall be extended to a content pipeline including key sporting events, movies and international content.

Star Sports Network, the official broadcaster of Tata IPL 2024, has brought in a range of innovative features to enrich the fan experience this time. Star Sports is leveraging technology, with the launch of 4K enabled Value Added Services (VAS) which will be available for subscription to Tata Play and Airtel Digital TV subscribers. Through Star Sports R.E.D. (Relive, Engage, Decode) features, Tata Play viewers can access a range of features designed to enrich their engagement with the matches at the click of a button. This year, the special features will be available throughout the day and not just during the match. Viewers will be able to ‘relive’ the action through 'Key Moments' and 'Highlights' while the match is going on and get to view concise highlights later. A Star Cam will follow the captain or the star player live on the field, allowing fans to ‘Engage’ with the sport and also get to hear the player’s views after the match.

(Reuters) — Bank of England Governor Andrew Bailey said expectations of interest rate cuts this year were not «unreasonable» and he struck an optimistic tone about the UK economy, the Financial Times reported on Friday.

Peaky Blinders spread across six seasons, with Cillian Murphy playing the lead, will now be adapted into a movie. Murphy will be playing the same role of Tommy Shelby in the film that he played earlier in the series. The production will hit the floor later in September this year. Cillian Murphy this year bagged the Oscar for Best Actor for his impeccable role in Oppenheimer, directed by Christopher Nolan, which was a biopic on the scientist and astrophysicist Oppenheimer, who is credited for making the atom bomb that was dropped on Hiroshima and Nagasaki in Japan during the Second World War, as per a report in Collider.

Pradip Kumar Das, Chairman and Managing Director of IREDA, highlighted the significant growth the organization has witnessed in the renewable energy sector over the past three years. He emphasized that while solar energy has been a major focus, with a substantial increase of 28 times, the loan portfolio in this sector has slightly decreased to 30% in the latest audited figures. Das also pointed out that IREDA is actively involved in new and emerging areas such as rooftop solar, excluding residential projects, along with exploring opportunities in alternative sources like CBG and ethanol. Considering India's agricultural economy, there is a promising scope for growth in these sectors. Looking ahead, IREDA is set to delve into areas like pump storage, green hydrogen, offshore wind, aiming to expand its portfolio in sustainable energy solutions. Every time I look at IREDA stock and everyone is like, oh my God, is it real? It went public at less than Rs 40 and then it went to as high as 170, actually Rs 200. So, are you pinching yourself? Pradip Kumar Das: First of all, we are a responsible Government of India organisation which is spearheading the renewable energy development in the country through financing which is the most crucial aspect, not only renewable, new and emerging sector.

, 20, was allegedly murdered in Boston, United States. His body was found dumped in a car deep inside a forest, the Times of India reported. He was a resident of Burripalem, Guntur in Andhra Pradesh and was pursuing engineering at Boston University.

Competition Commission of India (CCI) Friday ordered an investigation into Google's Play Store billing policies, against which Indian internet companies have raised concerns. In a 21-page order, the antitrust regulator said it is of the view that, prima facie, Google has violated provisions of the Competition Act, which warrants a detailed probe into the matter.

Gulf Oil Lubricants India is looking to acquire charge point operators (CPOs) and companies in intelligent grid technology space as part of a strategy to become a leader in the electric vehicle charging ecosystem, top executives said. «We are looking at the complete value chain. From manufacturing to research and technology,» said Mike Jones, CEO of Gulf Oil International, a London-headquartered Hinduja group firm. «We started from one end of the value chain by manufacturing EV chargers and are now looking to move to the rest as we want Gulf to be around for another 100 years,» he told ET. The intelligent or smart grid technology is a combination of hardware chargers and software to boost efficiency of electrical grids or networks by enabling bi-directional communication. Smart grids allow a car to send energy to various recipients using digital technologies, sensors, and software to better match the supply and demand of electricity in real time.

Tata Group is considering buying Walt Disney Co.’s stake in Tata Play Ltd. to give it full control of the subscription television broadcaster, people familiar with the matter said, continuing a shakeup in India’s media industry. The companies are in preliminary talks about an acquisition of Disney’s significant minority stake, which would value Tata Play at about $1 billion or more, the people said, asking not to be identified as the considerations are private. Tata may decide not to pursue a deal, they said. Representatives for Tata and Disney declined to comment.

empowered committee on citizenship will consider a report by security agencies on the application made by refugees from Afghanistan, Bangladesh and Pakistan before granting them citizenship under the Citizenship Amendment Act (CAA), 2019. «The empowered committee may make such inquiry as it considers necessary for ascertaining the suitability of the applicant, including obtaining a report from the security agency, to be uploaded online by the agency and accessible to the committee,» stated the detailed order. The committees at the state and Union Territory level are required to maintain an «online register containing the details of persons so registered or naturalised as a citizen of India, which shall be accessible to the Ministry of Home Affairs and the security agency,» the CAA rules noted. The CAA 2019 seeks to grant Indian citizenship to refugees who had sought shelter in India before December 31, 2014, due to religious persecution in three neighbouring countries — Afghanistan, Bangladesh, and Pakistan.

India can play a key role in building a resilient global electronics supply chain, said Cristiano Amon, chief executive of US chip giant Qualcomm Inc. In an interview with ET's Romit Guha and Himanshi Lohchab, Amon said the country has an opportunity to create large companies that serve both the domestic and global markets in areas such as semiconductor packaging and manufacturing. Edited excerpts: What are the opportunities for Qualcomm in India? There's an incredible opportunity with the transition to 5G. But it's not only 5G, but also the incredible opportunity that is developing with Gen AI and the opportunity to do Gen AI at the edge, not only at data centres, but across many different industries. What's Qualcomm's investment plan for India? India is our largest R&D site outside San Diego. We have a presence in a number of sites — from Hyderabad, Bengaluru, Chennai and Noida. The majority of our chips are designed in India, both hardware and software. With the world looking for alternatives to make the overall electronic supply chain more resilient, we see that India has an important role to play, an opportunity to create over time, very large Indian companies serving not only the Indian market, but also global, whether it's smartphone industrial modules, whether it's semiconductor packaging, and eventually semiconductor manufacturing.