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The Wire
37 minutes ago
- The Wire
Mayo Alumni Summit 2025: A Strategic Start to 150 Years of Legacy
New Delhi, July 31, 2025 – The Mayo Alumni Summit 2025 marked a strong beginning to Mayo College's 150th-year celebrations. Held at the Hyatt Regency in New Delhi, the event brought together over 300 alumni and was organized by the Mayo Alumni Association Delhi (MAAD). More than a reunion, the summit served as a platform for dialogue on the institution's future, addressing key themes such as real estate, artificial intelligence, and mental wellbeing. The event served as a prelude to the main 150th-anniversary celebrations scheduled in Ajmer from November 27–30, 2025, where generations of Mayo alumni will return to campus to commemorate the school's heritage and continued influence. A Look Back, A Step Forward The summit began with opening remarks on the significance of the milestone and the role alumni continue to play in shaping Mayo College's direction. Mr. Harmeet Singh, President of MAAD, described the 150-year anniversary as an opportunity to reconnect and align across generations. Ms. Pooja Kothari, President of the MCGS Alumni Association, referred to the 'silent badge of honor' associated with being a Mayoite, adding that this legacy brings a responsibility to uphold its values going forward. Principal Mr. Saurav Sinha reinforced the idea that alumni play a vital role in the College's growth. 'When I speak to students, I remind them that every privilege they enjoy is a result of the path carved by their seniors,' he said. Mr. Pankaj Karna, Treasurer of MAAD and Managing Director of Maple Capital Advisors, introduced the evening's themes—highlighting real estate as a topic of growing interest, AI as both a challenge and opportunity, and mental wellbeing as an area requiring greater attention. Real Estate Panel: Market Momentum and Diversification The first panel brought together real estate leaders to explore investment trends and sector shifts. The discussion featured Abhishek Bansal (Pacific Group), Ankur Gupta (Aashiana Housing), Ashwin Chaddha (Sotheby's International Realty India), and Samir Jasuja (PropEquity), and was moderated by journalist Manisha Natarajan. Jasuja noted that 'the real estate index has outperformed the Nifty by three times in the last four years, delivering a 450% return for listed property stocks,' while cautioning that this growth was largely supply-driven—highlighting the drop in Gurgaon's inventory from 60 to 9 months and a doubling of rental rates. Chaddha pointed to sustained demand for 'trophy assets in Lutyens' Delhi and South Bombay,' and cited Dubai's $2.6 billion in $10 million-plus transactions in Q2 2025 as a benchmark. Gupta emphasized senior living as a growing niche, observing that 'senior living communities now offer rental yields that outpace traditional residential and commercial assets,' supported by full occupancy and limited supply. Bansal discussed the resilience of retail real estate, stating that 'well-managed retail properties deliver consistent year-on-year returns,' and underlined the increasing relevance of structured investment products like REITs and AIFs that offer 'a transparent, regulated pathway to real estate returns.' The panel highlighted how the sector has significantly outperformed broader markets post-COVID, the supply constraints and declining inventory's role in driving price escalation in key urban markets, senior living and trophy assets as differentiated, high-yield investments and Institutionalized vehicles like REITs and AIFs are enabling more accessible real estate participation. The discussion also identified the National Capital Region (NCR) and other Tier-1 markets as hotspots for the next 5–10 years. Artificial Intelligence: India's Roadmap for Scaled Innovation Singh highlighted India's strengths in open-source contributions—being the second-largest contributor on GitHub—and the prior constraints due to limited computing access. He noted that the India AI Mission now offers 40,000 subsidized GPUs at ₹65 per hour, significantly improving access. He also introduced AI Kosh, a platform offering standardized datasets, and referenced four indigenous foundation models being developed to ensure inclusive representation of India's languages and contexts. Singh outlined thirty priority use-cases, such as AI tools for tuberculosis diagnosis and voice-based agricultural support and noted that a national AI framework—shaped by over 400 public comments—will be released by mid-August 2025. Bapna tempered fears of runaway 'SuperAI,' explaining, 'In my view, we are far away from that right now,' and urged a focus on near-term 'AI–human augmentation' in education, healthcare, manufacturing, and governance. Both speakers emphasized the need for ethical oversight and human-in-the-loop governance. The conversation underscored India's investment into democratizing AI infrastructure through subsidized compute access, AI Kosh and foundational models aimed to localize AI to India's diverse needs and languages, AI's hand in helping sectors like healthcare and education and the distant reality of SuperAI. Mental Wellbeing: Tools for Personal Resilience In the final session, Dr. Rachana Patni, Founder of The Matrix of Emotions, led a guided visualization exercise to introduce the topic of mental wellbeing. Using a 'Wheel of Life' self-assessment tool, participants reflected on personal and professional dimensions of wellness. Dr. Patni discussed how external success can obscure internal imbalances and pointed out common behavioral patterns—from perfectionism to screen dependency—that affect mental health. She emphasized the need for self-awareness and accountability in maintaining long-term emotional and psychological resilience. Honoring Alumni and Looking Ahead Mayo Chronicles, the official Mayo Old Boys Society Magazine, was launched on July 19, 2025, at the Mayo Alumni Summit 2025 at Hyatt Regency, New Delhi. The launch ceremony was graced by Mr. Harmeet Singh, President MAAD, and Mr. Kirit S. Javali, Secretary MAAD & part of the Mayo Chronicles Editorial Team. Bhanu Pratap Singh, Member Mayo OBS executive committee also a member of the Editorial Team, virtually joined in to mark this significant occasion. The Mayo Alumni Summit 2025 successfully set the stage for the upcoming 150th celebrations, reinforcing the institution's legacy and its commitment to the future. As one speaker aptly summarized: 'Mayo doesn't just build students—it builds legacies.' Mayo College Alumni Association of Delhi (MAAD) is a registered association for the alumni of Mayo College both boys and girls focused on alumni initiatives and activities that have been around networking, sports, alumni welfare and giving back to school. Mayo College, Ajmer is a prestigious residential school in India, It was established in 1875 to educate and nurture the princes of the royal families of Rajasthan. After Independence it emerged as one of the premier residential public schools with many well-known alumni across, government, armed forces, business, education, entertainments and other areas. Mayo College Girls school was established in 1987, a residential school adjoining the boy's school both schools have built a reputation of being among the best residential schools in the country. Media Contact –Urja Khandhediya- 9599219903 & Jai Bhargava - 9829488422 (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR This is an auto-published feed from PTI with no editorial input from The Wire.
Economic Times
37 minutes ago
- Economic Times
After a global recovery, north Asian markets typically outperform with India catching up following year: Rahul Chadha
Rahul Chadha, Founder & CIO, Shikhara Investment Management, highlights investor concerns about India's economic slowdown. The expectation is for urban recovery by the third or fourth quarter. Rural recovery is underway, aided by earlier rate cuts. Unsecured lending's impact on household savings is a concern. Regional markets offer value due to corporate governance improvements and reforms. Market performance should improve with these recoveries. Chadha says historically, it was seen in 2016 or 2019 that when a global recovery happens, the north Asian markets typically outperform India and India catches up in the subsequent year. ADVERTISEMENT Nasdaq was lower by more than 2% on Friday. So, quite a knock coming in there. There is uncertainty about the authenticity of the jobs reports and lots of comments on that front. How are you seeing Wall Street shaping up and what exactly is spooking that market right now? Rahul Chadha: We have seen a sharp rally in the market in the last two months and some pullback was natural. August and September historically are not great months for markets and also now that the tariff negotiations are nearly done, the market is waiting for some clarity. What does it mean for the pressure on US consumers and the consumer earnings? What does it mean for business investment? Obviously, the payroll number spooked markets, but when you sit back and reflect, the last three months were most uncertain and typically in uncertain times, people freeze hiring. Also the AI-led productivity gains are coming through. Both these are working on the minds of business owners, managers, etc and so it was natural that payroll would be a bit off. We are also closely watching business investment. The new Trump bill, the infrastructure bill which the Trump administration has passed, reduces the tax outgo by close to 8% by front ending a lot of these exemptions. That should be positive for rekindling investment back in the US. Lots are happening in India as well. We are pretty much close to oversold. We have turned negative for July. Nifty has seen a 900-point fall from the recent highs and we have been declining for five consecutive weeks. There is still that question mark on what tariff gets slapped on us from the US, but do you sense that the case is building up for a recovery? Or don't you think there is such a case because there hasn't been any major upgrade domestically? Rahul Chadha: A couple of things are weighing on the minds of investors. First and foremost, the domestic slowdown. Does this slowdown get over by Diwali third quarter or fourth quarter? Our hope is we should see signs of urban recovery coming through. Rural recovery is coming. This is where some of the rate cuts which happened in the first half of the year would be a play through the economy. There is also a question on household balance sheets. There has been unsecured lending over the last two-and-a-half, three years. How much hole would that cause in savings and the household balance sheets has to be seen. But our base case still is a third or a fourth quarter urban recovery. Rural recovery is slowly happening and once that comes in the numbers, we should see the market perform. At the same time, the regional markets were a lot cheaper and there was a lot happening in those markets from value up corporate governance improvement, etc, reforms. ADVERTISEMENT We have seen historically whether it was 2016, or 2019 when a global recovery happens, the north Asian markets typically outperform India and India catches up in the subsequent year. What has been your reading so far on earnings? Are there any sectors where you are building hopes on the back of the earnings visibility? Now it seems it is only the defensives and maybe the domestic consumption plays that are doing well in this market. Rahul Chadha: A couple of things impacted the earnings. One was the India-Pakistan skirmish. Second is the consumer is still in the process of rebuilding his balance sheet, repairing his house balance sheets, etc. So, we continue to like largecap banks. The pressure on NIMs was expected. It is there in the price and now as the economy recovers, these banks should benefit from recovering credit growth and recovering NII growth. So, that is one space one has liked. ADVERTISEMENT Selectively, one may evaluate some capital market plays but that would be for financials. Outside that, if we look at infrastructure, in cement we have had a good set of numbers that should build up as housing demand picks up. We have continued to like real estate from a three-five years perspective. The sector is a buy on decline. Outside that, discretionary consumption is something one would look to add exposure to, the quick commerce stocks as well as the travel and tourism companies would be interesting here. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
an hour ago
- Time of India
Jefferies upgrades Street's most hated stocks, says Q1 earnings not too bad
With the Nifty IT index now in a deep bear market, down 25% from its peak, global brokerage firm Jefferies has upgraded Dalal Street's worst-performing sector to 'Neutral'. It also noted that the Q1 earnings season hasn't been all that bad for India Inc. 'While we remain concerned about the long-term stock performance of IT companies given the single-digit EPS growth outlook, we believe conditions are ripe for a near-term tactical bounce, supported by attractive valuations relative to the Nifty, free cash flow, and under-ownership,' said Mahesh Nandurkar, analyst at Jefferies. 'This should be similar to the recent bounce seen in the FMCG sector.' Explore courses from Top Institutes in Please select course: Select a Course Category Leadership Product Management Artificial Intelligence others Cybersecurity Technology Design Thinking MBA Data Analytics healthcare Degree PGDM Finance Data Science Public Policy Digital Marketing Operations Management MCA CXO Others Project Management Data Science Management Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details The brokerage has added weight to Infosys in its model portfolio by removing BPCL (amid rising crude oil prices) and Welspun (due to concerns over US trade tariffs). IT stocks have been under pressure due to weak discretionary spending by clients, macroeconomic and geopolitical uncertainties, and AI-driven disruption that threatens traditional business models. IT bellwether TCS is down 27% so far this calendar year, while peers HCL Tech, Infosys, and Wipro have each lost at least 20% in value. Even midcap IT names like Persistent Systems are down 22%. Also Read | Retail investors dump 68% of Nifty stocks chasing smallcap crorepati dreams. Is this a trap? Q1 earnings review Jefferies' mid-quarter earnings review shows that downgrades (50%) outpaced earnings upgrades (40%) for FY26estimates across 113 companies in its coverage universe. 'Downgrades have averaged 57% over the past three quarters. The 'beat' ratio remained flat quarter-on-quarter at 44%. Earnings estimates for FY26 for MSCI India have been trimmed by 1.7% during the results season, and 8% earnings growth is now expected. Banks were the key reason for the downgrade,' said Jefferies analyst Mahesh Nandurkar. On IT and banks, Nandurkar said Q1 numbers were mixed, while consumer staples showed sequential volume improvement, although EBITDA growth remained weak due to elevated input costs. Meanwhile, Motilal Oswal noted that earnings for the 38 Nifty companies that have reported so far grew 7.5% YoY, beating estimates of 5.7% YoY. The upside was led by RIL , HDFC Bank , ICICI Bank , JSW Steel , Bajaj Finance, L&T, and M&M. 'These seven companies contributed 100% to the incremental YoY earnings growth,' the brokerage said. 'Conversely, Coal India , IndusInd Bank, HCL Tech, Kotak Mahindra Bank , Axis Bank, and Eicher Motors dragged Nifty earnings lower. Of the 38 companies, seven reported below-estimate profits, fourteen beat expectations, and seventeen were in line.' However, Nifty EPS for FY26 has been cut by 1.1% to Rs 1,110. FY27 EPS estimates have also been trimmed by 0.8% to Rs 1,297 (from Rs 1,308), led by earnings cuts in Reliance Industries, Axis Bank, Power Grid Corp, HDFC Bank, and Kotak Mahindra Bank, the note added.
