How Mukesh Ambani's risky bet has now become Reliance's superpower
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Soft earnings growth patch nearing its end, says Morgan Stanley
The soft earnings growth patch that began in the second quarter of financial year 2025 appears to be ending, but the market is likely not yet convinced, according to a note by Morgan Stanley. 'Supporting a turn in growth is a dovish central bank, but confidence in it may need better clarity on the external growth environment and GST rate rationalisation,' the note said. A final trade deal with the US, more capital expenditure announcements, an acceleration in loans, uniform improvement in high-frequency data, and improving trade with China could act as catalysts, the brokerage added. Morgan Stanley has maintained its Sensex target of 89,000 by June 2026, implying an upside of about 9% from current levels. The Sensex last closed at 81,019. Morgan Stanley said it is overweight on financials, consumer discretionary, and industrials, and underweight on energy, materials, utilities, and healthcare. 'This is likely to be a stock pickers' market, in contrast to one driven by top-down or macro factors, and thus we run an average active position of just 80bp. We are capitalisation-agnostic,' the note said. The note further stated that India is likely to gain a share in global output in the coming decades, driven by strong foundational factors, including robust population growth, a functioning democracy, macroeconomic stability-influenced policy, improved infrastructure, a rising entrepreneurial class, and improving social outcomes. 'The implications are that India will become the world's most sought-after consumer market, it will undergo a major energy transition, credit to GDP will rise, and manufacturing could gain share in GDP,' the note concluded.
New Indian Express
2 hours ago
- New Indian Express
Morgan Stanley sees Sensex hitting 1 lakh mark by next July in bull case scenario
MUMBAI: Despite the continuing bloodbath in the market amid tariff woes, Wall Street major Morgan Stanley has pegged the benchmark Sensex at the 1-lakh-mark by July 2026 in a bull case scenario, which has a 30% probability, citing several triggers for the potential rally. But in a bear case scenario, with a probability of 20%, the Sensex may plunge to 70,000 by July 2026, while in a base case scenario, the index may scale to 89,000, with a 50% probability. The Sensex is massively down from the all-time peak of 85,978.25 it gained in the last week of September 2024 and after bleeding for five days, it closed with 0.52% at 81,019 on Monday. Morgan Stanley's analysts Ridham Desai and Nayant Parekh said on Monday that there is a strong case for rerating of the domestic stock markets. "Get ready for new highs in the months ahead," they said noting that the country is likely to gain more share in global output in the coming decades, driven by strong foundational factors. These include strong population growth, a functioning democracy, macro stability-influenced policy boosts, better infrastructure, rising entrepreneurial class, and improving social outcomes. Immediate triggers for a rally are a favourable trade deal with the US, more capex announcements, bank credit growth, uniform improvement in high frequency data and improving trade with China. Explaining how they came to the possibility of the Sensex hitting the key milestone of 1,00,000 by next July, they said in the 'base case' scenario, which has 50% probability, it will hit an all-time high of 89,000 by July. "This level assumes continuation in the country's gains in macro stability via fiscal consolidation, increased private investments, and a positive gap between real growth and real rates. Robust domestic growth, slow growth in the US but no recession, and benign oil prices are also part of our assumptions. In our base case, we also assume a benign trade deal with the US," they added.
India.com
2 hours ago
- India.com
Alarming! India might face Internet blackout affecting entire digital infrastructure, it is due to..., Google, Jio and Airtel...
New Delhi: Yemen's Houthi rebels have been attacking the ships passing through the Red Sea, especially the ones connected to America and Israel. Now, their destructive actions can affect India as well. What threat does India face from the Houthis? Houthis' actions could affect India's internet network. Most of India's internet cables pass through this route. If these cables are damaged, then the internet in India may come to a standstill. To avoid such a situation, cable companies have intensified their efforts. The internet of companies like Google, Airtel and Jio is under threat. Why is the Red Sea route important for India? The Red Sea route is considered very important for India's digital economy. It can also be said that the digital economy rests on the cables passing through here. These cables work to connect India to the world's internet. From here, important cables like Google's Blue-Raman, Airtel's 2Africa and SEA-ME-WE 6 (South East Asia – Middle East – Western Europe 6), and Reliance Jio's India-Europe-Xpress are reaching the seashores of Mumbai and Chennai. What measures are internet cable companies taking? According to a report of the Economic Times, the cable companies have started preparations to deal with this situation, as part of which, more fibre cables are being added, so that they can be used if internet cables are cut. Seeing the increasing danger in the Red Sea, Lightstorm Group CEO and Managing Director Amjit Gupta says that tension has increased in this area, and even if there is a problem, it will be very difficult to repair it. This is the reason why many companies are also working on a plan to lay cables on land, leaving the Red Sea. However, this is an expensive process and doing so will increase the expenses of data centres and cloud service providers. Why are Houthis so dangerous? Yemen's Houthi rebels have sunk 2 commercial cargo ships in the last month. Even when ships go to repair the cables laid in the Red Sea, the Houthi rebels extort a ransom from them. The Houthis have also tried to put pressure on some countries by threatening to cut the cables. The USA has also launched many air strikes on the Houthis to stop them, but they have not stopped their activities.
