Rise of Oligopolistic Dominance
As debt-laden distressed companies fall by the wayside, some cash-rich large companies are practically monopolising their sectors
Illustration by Siddhant Jumde
During the 26th meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), one of the MPC members - Jayant R. Varma, Professor, Finance and Accounting, IIM Ahmedabad - made an interesting observation, which many in government institutions would barely admit to. Anecdotal evidence suggests that in several sectors which are characterised by an oligopolistic core and a competitive periphery, the oligopolistic core has weathered the pandemic well and it is the competitive periphery that has been debilitated. Rising profits and profit margins, improving capacity utilisation and lack of new capacity additions create ripe conditions for the oligopolistic core to start exercising pricing power, he had said. An oligopoly is a form of market form where a sector/industry is
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Bajaj Corp first quarter net profit rises 5.32 per cent to Rs 54.97 crore
Bajaj Corp first quarter net profit rises 5.32 per cent to Rs 54.97 crore
FMCG Major Bajaj Corp On Wednesday Reported A 5.32 Per Cent Rise In Standalone Net Profit At Rs 54.97 Crore For The First Quarter Ended June 30.
News Nation Bureau | Edited By : Gautam Lalotra | Updated on: 12 Jul 2017, 04:04:20 PM
New Delhi:
FMCG major Bajaj Corp on Wednesday reported a 5.32 per cent rise in standalone net profit at Rs 54.97 crore for the first quarter ended June 30.
The company had reported a net profit of Rs 52.19 crore in the same quarter a year ago. Total income during the quarter under review fell by 1.96 per cent to Rs 208.49 crore as against Rs 212.67 crore in the corresponding period last year, the company said in a BSE filing.
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Nifty futures trading on the Singapore Exchange were up 41.50 points or 0.28 per cent at 14,780.20, having moved within a range of 14,744.50-14,792.80 earlier, in signs that Dalal Street was headed for a positive start on Wednesday. Here are a few stocks which may buzz the most in today s trade:
Reliance Industries-Future Group: The Delhi High Court on Tuesday provided relief to Amazon as it asked Future Group to maintain the status quo in its deal to sell its retail and wholesale assets to Reliance Industries in a major setback for both companies. Amazon has contested the deal between RIL and Future Group. Future Retail said it will explore all legal remedies and take appropriate steps to pursue the scheme of arrangement.
Dalal Street today: December quarterly earnings announcements by Bharti Airtel, Adani Enterprises, Adani Green, Jubilant FoodWorks, Ramco Cement, Apollo Tyre, City Union Bank, will also set the tone for the stock market today