NEW DELHI: Elara Securities’ “Morning Stinger” report, released on January 10, 2025, offers an in-depth overview of the Indian financial market, highlighting major developments in telecom, economy, oil and gas, and key corporate activities.
Airtel has been making strides in closing the gap with Jio in terms of revenue market share. This surge is largely attributed to its strong mobile broadband user additions, signaling a robust competitive landscape in India’s telecom industry.
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The Indian government is actively considering incentives to boost battery component manufacturing, aiming to support the rapidly growing electric vehicle (EV) sector. Meanwhile, ONGC’s Mumbai High field is projected to generate an impressive USD 10.3 billion in revenue by FY28, reinforcing India’s significance in global oil and gas markets.
Tata Steel celebrates a major milestone, with its H-Blast Furnace at Jamshedpur surpassing 50 million tonnes of hot metal production. Meanwhile, Emami has announced the rebranding of its male grooming product “Fair and Handsome” to “Smart and Handsome,” marking a fresh approach to its consumer base.
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In the financial sector, Indian Overseas Bank plans to sell INR 115 billion in non-performing assets (NPAs) as part of a strategic cleanup, while Jio accelerates its 5G monetization plans. TV Today Network, however, has decided to shut down its radio station, Ishq 104.8 FM.
TCS’ Q3 results were below expectations on revenue but in line with margin forecasts. The company is expected to focus on international markets in FY26. Oberoi Realty’s bid for a 106-acre Sahara land in Mumbai could potentially generate INR 1 trillion in revenue, while the consumer discretionary and FMCG sectors are facing subdued demand with rising input costs impacting profitability.
The textiles industry is poised for growth, driven by a shift in global supply chains away from Bangladesh and China.