Kumar Rakesh of BNP Paribas discusses strong demand for electric two-wheelers, caution in two-wheeler segment, impact of FAME II end on EV demand, tractor industry cyclicality, and top pick for 2024 being Maruti Suzuki. In case of EVs. we have seen a very strong demand for electric two-wheelers in March. April will be much weaker adjusting for this pre-buying, but May onwards, penetration expected to start inching back.
Signature View Apartments: The apartment complex, built in 2007-09 with 336 MIG and HIG flats, has some construction issues and has been up for demolition by the DDA.
At the last hearing on the matter on March 14, Delhi High Court extended the interim stay against the demolition granted last year. The court also asked the Municipal Corporation of Delhi to explain the basis on which it declared Signature View Apartments dangerous.
Despite a sluggish year for IT globally, major Indian IT firms outpaced their international competitors in terms of revenue market share. India-based companies added 36 basis points (bps) in revenue market share year-on-year basis though they lost 27 bps on a sequential basis, BNP Paribas said in a report.
Among the Big Five, Tata Consultancy Services (TCS) and HCLTech have enriched the loyalists, literally. The other three - Infosys, Wipro and Tech Mahindra (TechM) – havent yielded anything for those sticking with them since April 2022.