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Sandip Sabharwal, asksandipsabharwal.com, says they do not own any of those stocks and he is not looking to buy also because the entire re-rating in wires and cables was beyond his understanding. He feels Valuations will come down to reasonable levels at some stage, but given the commodity nature of the business, he does not like these businesses so much. Sabharwal also says that the bull market has shifted investor perception about what stock valuation means to new investors. About two years ago most investors accepted a stock price-to-earnings ratio of 12 to 15 for midcap stocks but rarely exceeded 20 PE when purchasing stocks. Since the market corrected, many midcap as well as smallcap companies currently maintain PE ratios at 50-60 levels. First, let us talk about UltraTech Cement. I guess the market is clearly not liking this diversification. What explains the downtick on the stock today? Sandip Sabharwal: When they went into paints, it seemed like a natural progression because cement, paint, similar kinds of distribution channels although the retail channel could be somewhat different and the usage patterns could be the same. Cables and wires is a somewhat different industry, although they are talking about the entire building segment and covering all aspects to it.

Subscribe to enjoy similar stories. Never have I ever been asked to cut a cake iced with the words “Welcome Home" after I’ve finished an interview. But at Shahnaz Husain’s mansion in Delhi, it’s a ritual for first-time guests.

Subscribe to enjoy similar stories. The Trump administration is moving at warp speed to announce new tariffs. Implementing them is another story.

Subscribe to enjoy similar stories. The rupture of the post-1945 order is gaining pace. In extraordinary scenes at the UN this week, America sided with Russia and North Korea against Ukraine and Europe.

The yen was meanwhile set to end the month with a gain of more than 3.6%, its best since last July, on heightened bets of more Bank of Japan (BOJ) rate hikes this year.

Subscribe to enjoy similar stories. Annual reports are generally not known to be candid. It’s a different story when you’re reading Warren Buffett’s annual letter to shareholders of his company Berkshire Hathaway.

Subscribe to enjoy similar stories. Delhi-based corporate professional, Subhajit Sengupta, snagged an Apple iPad last year in e-commerce platform Amazon’s early-season sale. Today, the 11-inch tablet is a permanent feature in Sengupta’s travel ensemble, who does not own a personal laptop any longer.

Subscribe to enjoy similar stories. Four years since India flagged off an ambitious scheme to encourage the local production of automobiles, the ₹26,000-crore venture is yet to gain traction. The production-linked incentive (PLI) scheme for automobiles and components (PLI-Auto) was announced in 2021, but the first payouts happened only in January this year.

Subscribe to enjoy similar stories. India’s public sector banks have outpaced their private sector peers in growing their loan book, regaining market share lost over the past several years when asset quality and capital concerns had weighed them down. While loans by public sector banks grew 12.4% year-on-year (y-o-y) in December, private banks saw their loan book grow 10.5%.

Subscribe to enjoy similar stories. Top managers at LTIMindtree Ltd must clear a competency exam as part of the company's annual appraisal exercise, possibly the first in the country’s $286 billion IT industry. For project leads, managers and lead architects, half the weight in appraisals depends on project completion, and the rest on a competency exam with multiple-choice questions on coding and mathematics.

President Donald Trump's pick to lead the Consumer Financial Protection Bureau on Thursday withstood grilling from Democrat senators who repeatedly asked him to confirm that he would uphold his legal obligations to run the agency.

Captain America: Brave New World.

Elon Musk’s team at DOGE has led US president Donald Trump's administration to weigh in on the controversy, with reports suggesting that the president may have indirectly put Musk in his place, reported Futurism.

microfinance lending should be seen as an assertion of its confidence that earlier curbs are delivering results. The stress showing up in this segment — NPAs in the sector have surged to an all-time high of ₹50,000 cr, according to data from Crif High Mark — is the outcome of credit contraction that would, left to itself, have tamed delinquency. Lenders pulled back after RBI last year capped credit and interest rates to overleveraged borrowers. Evergreening of loans has been curtailed, with the new rules setting limits on the number of loans to individual borrowers and prohibit fresh lending to any debtor in default. But this is strong medicine, administered to check the spike in unsecured credit resulting from a previous round of relaxation of microfinance lending rules.

Social Security payment schedule, who qualifies, and what changes to expect.

Subscribe to enjoy similar stories. MUMBAI : The Central Drugs Standard Control Organisation (CDSCO) is in the process of creating guidelines to regulate cell and gene therapies and upgrading the framework to regulate biosimilars, as the Indian industry moves towards innovations in the space, Drugs Controller General of India (DCGI) Rajeev Raghuvanshi said on Thursday. Raghuvanshi, who was speaking on the sidelines of the Indian Pharmaceutical Alliance’s (IPA) Global Pharmaceutical Quality Summit 2025, said that while the country's top drug regulator had been focusing on operational efficiency, it's also looking closely at newer areas.

Prayagraj: The Uttar Pradesh government has announced a special Rs 10,000 bonus and the 'Maha Kumbh Seva Medal' for 75,000 police personnel who served during the «historic gathering», Chief Minister Yogi Adityanath said on Thursday. The personnel will also receive a one-week phased leave as a token of appreciation for their efforts in managing the grand religious event, he said.

Assets under management (AUM) overseen by its wealth business also grew by 17% to £198bn in 2024. Operating profit stood at £129m, according to the full year results released today (27 February). Aviva posted wealth net flows of £10.3bn up 23% from £8.3bn in 2023. The provider said this was driven by strong growth in its platform partly offset by workplace, which saw a short-term increase in outflows in the lead up to the Budget. Aviva Investors strengthens leadership team with head of fixed income research hire Its insurance, wealth and retirement (IWR) sales were up 22% to £45.5b...

The group, which bought advice businesses Lift Financial, CST Wealth Management and Lucas Fettes during the period, said it had delivered a «solid set of results» which showed that funds under management (FUM) were up 0.7% to £15.7bn. It said gross inflows were £1.1bn and included a 13% MPS increase with net inflows of £288m and total FUM at 31 December reaching almost £5.8bn for the MPS arm. However, gross outflows were «elevated» during the period at £1.4bn «particularly in BPS, driven by the prevailing backdrop of market volatility and uncertainty leading up to the Budget affecting...