Latest news with #AmitJain
Business Recorder
4 days ago
- Business
- Business Recorder
Financials, IT weigh on Indian shares; Adani stocks fall on US probe report
Financials and IT stocks dragged Indian shares down on Tuesday on worries of foreign outflows amid strong US Treasury yields and trade uncertainty, while Adani group shares slipped after a Wall Street Journal report on a U.S. probe into Iranian LPG imports. The Nifty 50 dipped 0.70% to 24,542.5, while the BSE Sensex fell 0.78% to 80,737.51. Twelve of 13 major sectors logged losses. Heavyweight financials and private banks lost 0.7% and 1.2% respectively, while IT index fell 0.7%. Foreign portfolio investors (FPIs), who have higher holdings in financials and IT, turned net sellers of Indian shares in the last two sessions after a five-day buying streak. 'Given the attractive, risk-free yields on U.S. Treasuries, foreign investors see limited incentive in emerging markets such as India—especially with ongoing global trade uncertainties,' said Amit Jain, co-founder of Ashika Global Family Office. Indian benchmarks end lower as IT, metals outweigh growth boost 'At current levels, the risk-reward balance in Indian equities appears unfavourable. Given elevated valuations and persistent global trade concerns, markets are likely to see time correction in the next few months,' Jain said. Most Adani group stocks fell, with the Nifty 50 constituents, Adani Enterprises and Adani Ports, losing about 2% and 2.5%, respectively. The conglomerate has denied any 'deliberate engagement' in sanctions evasion and said it was unaware of any investigation by U.S. authorities. The broader small-cap index closed flat, while mid-cap index fell 0.5%. Among individual stocks, Sobha jumped 5.5%, boosting the realty index by 1.2%, after several brokerages projected a strong recovery in fiscal 2026. Other Asian markets edged cautiously higher, with the MSCI Asia ex-Japan index rising 0.4% after losing 1% n the last two sessions. The White House said U.S. President Donald Trump and China's Xi Jinping may speak this week, days after Trump accused Beijing of backtracking on tariff rollback commitments.
Time of India
28-05-2025
- Business
- Time of India
ETMarkets Smart Talk: India's structural growth story backed by the 3Ds—democracy, demand, and demography
In this edition of ETMarkets Smart Talk, Amit Jain , Co-Founder of Ashika Global Family Office Services, shares a nuanced outlook on Indian equities amidst global volatility and sectoral churn. Drawing on Ashika's long-term investment philosophy , Jain outlines why India's structural growth remains intact—powered by the three key pillars: democracy, demand , and demography. He delves into how these foundational strengths are creating a multi-decade opportunity for investors and why disciplined, governance-first investing is critical in navigating today's market. From sector preferences to managing corporate governance risks, Jain offers timely advice for high-net-worth individuals looking to build resilient portfolios in a dynamic macro environment. Edited Excerpts – Q) Thanks for taking the time out. The month of May started on a volatile note with benchmark indices witnessing wild swings on either side. How are you reading into markets? A) The volatility in May is largely a function of mixed global signals and sectoral rotations playing out in real time. We're seeing a tug of war between sticky inflation data in the U.S., speculation around the Fed's next move, and ongoing geopolitical tensions that are keeping global risk appetite in check. Despite the Geopolitical unrest, Indian markets are demonstrating resilience, supported by strong corporate earnings, robust domestic consumption, and healthy credit growth. At Ashika Global Family Office Services, we believe this volatility is a healthy reset—allowing markets to consolidate before the next leg up. We are advising clients to stay invested, remain stock- and sector-specific, and use corrections to accumulate high-conviction ideas. This is not a time for broad-based aggression, but a moment for focused, disciplined investing. Q) What is the sense you are making from the March quarter results? Are downgrades more than upgrades this time around? A) The March quarter results have been a mixed bag, but overall, they reaffirm the resilience of the Indian corporate sector. While topline growth has moderated for some sectors due to base effects and softening global demand, margin expansion has been a key positive—especially in segments like manufacturing, auto, and select industries where input costs have come down meaningfully. In terms of revisions, it's been fairly balanced. While there have been downgrades in a few export-facing sectors like IT and chemicals due to global headwinds, we've also seen upgrades in domestic-oriented sectors such as banking, capital goods, and consumer discretionary. At Ashika Global Family Office Services, we believe the market is rewarding companies that have demonstrated cost efficiency, pricing power, and strong balance sheets. The key takeaway this earnings season is that the leadership is becoming narrower, and investors need to be selective and forward-looking in their approach. Q) We have seen IndusInd bank results, and more skeletons could come out of the closet in near future. What should investors do who are invested in these types of companies with corporate governance issues? A) Corporate governance is non-negotiable especially in the current market environment where capital is discerning and trust is paramount. Incidents like what we've seen with IndusInd Bank serve as a reminder that strong financials alone are not enough; the quality of management and governance practices are equally critical. We always advocate a 'governance-first' approach to investing. If there are red flags, whether it's lack of transparency, aggressive accounting, or board-level issues, we prefer to step aside, even if the stock appears attractive on valuations. For investors currently holding such names, it's important to reassess the risk-reward framework. If trust is eroded, capital preservation should take precedence over potential upside. In such cases, a phased exit into cleaner, fundamentally stronger alternatives is often the most prudent path forward. Q) What is the long-term outlook for Indian equities over the next few years? A) At Ashika Global Family Office, our investment philosophy is anchored in India's structural strengths, which we call the 3Ds: democracy, demand, and demography. These are not just buzzwords; they form the foundation of India's long-term growth story and the reason we remain firmly bullish on Indian equities over the next three to five years. A robust democratic framework ensures policy continuity and institutional strength. Rising domestic demand, driven by aspirational consumption and increasing urbanization, provides a solid base for earnings growth. Our demographic dividend, with a young, tech-savvy population, is set to fuel productivity and innovation across sectors. Together, these drivers make India a structural, multi-decade opportunity. Volatility will come and go, but for long-term investors focused on quality businesses and strong governance, Indian equities will continue to be a powerful engine for wealth creation. Q) Which sectors are expected to deliver strong returns going forward? Any safe bets which investors can consider? A) We remain positive on banking, FMCG, and select PSUs like capital goods and power. Banking benefits from strong credit growth and improving asset quality, while FMCG is supported by easing input costs, and rural demand recovery. PSUs in capital goods and power are seeing a structural re-rating thanks to government infrastructure focus. For conservative investors, large-cap quality stocks in these sectors offer a relatively safe and steady opportunity aligned with India's long-term growth Q) How can high-net-worth individuals effectively build wealth in the current market environment? A) High-net-worth individuals should follow Ashika's philosophy of Invest Rightly, Switch Timely—investing initially in quality businesses with strong fundamentals and then actively adjusting portfolios as market conditions change. Balancing growth and capital preservation through disciplined stock selection and timely portfolio shifts, while focusing on governance and sustainable cash flows, is key to building resilient wealth amid volatility. Q) What is your take on Gold? Recently, it has crossed Rs 1 lakh in the physical market. Right time to increase allocation or should investors wait for some cool off? A) Gold has historically served as a reliable hedge against global uncertainty and volatile markets—evident from the aggressive buying by central banks in recent years. However, with macro conditions gradually stabilizing, the safe-haven appeal of gold may wane as investor sentiment shifts back toward equities. At this juncture, it may not be the most opportune time to enter gold. Investors would be better served by observing how global dynamics unfold before making fresh allocations.
New Indian Express
25-05-2025
- Business
- New Indian Express
'We are planning Rs 3,500-4,000 crore projects in FY26'
Mumbai-based realty developer Arkade Developers is planning to launch four projects in the financial year 2026, which will have a combined gross development value (GDV) of Rs 3,500-4,000 crore. The company is confident of maintaining a 20% compounded annual growth rate (CAGR) in the short to medium term after reporting a similar growth in FY25. Last week, Arkade reported profit growth of 27.7% at Rs 157 crore for the year ended March 31, 2025. Revenue for the year rose 9.3% to Rs 695 crore. In an interview with TNIE's Arshad Khan, Amit Jain, chairman and managing director of Arkade Developers spoke about key product launches, competition in Mumbai's housing market, plan for FY2026, the slump seen in housing sales and more. Edited Excerpts: How was FY2025 for you? What are the big launches coming from Arkade in FY26 and what would be their combined GDV? We are planning four key project launches this fiscal. The most significant among them is our Filmistan project in Goregaon. We have three redevelopment projects in the pipeline, located in Santacruz West, Goregaon West, and Malad West. Collectively, these four launches are projected to have a GDV in the range of Rs 3,500 to Rs 4,000 crore. We have been achieving a 20% growth historically and we will be achieving the same in the years to come. Our revenue is expected to grow 20% in FY25 at about Rs 850 crore. FY25 marks a year of prominence in which we acquired the legendary 4-acre land parcel in Goregaon, leased to Filmistan Pvt. Ltd, having an estimated GDV of Rs 2,000 crore. We acquired land parcels and development rights, cumulating to 17.5 acres in western suburbs with a projected GDV of Rs 6,790 crore, including the locations – Andheri, Santacruz, Borivali, Malad and Dahisar. Our expansion strategy into the eastern Mumbai suburbs for the greenfield projects, alongside a solid pipeline of redevelopment projects in the western suburbs, will serve as key growth drivers as we leverage our healthy balance sheet and robust cash flows. Our strategy is aligned with the overall market trend towards luxury housing. With accelerating demand, we are well-positioned to maintain a sustainable growth trajectory. Mumbai's real estate market has become highly competitive with big names such as Adani and Prestige having aggressive pipelines. How do you see this emerging competition for native players like you? There is enough room for everyone to grow in this market. Not every buyer has a budget of Rs 10 crore and upward. There is a lot of demand for 2BHK properties. The redevelopment of old properties is here to stay. There are 20,000 buildings in MMR which are due for redevelopment. There is a big opportunity for us and the other players are also here. Though there is land scarcity in the region, there are many land parcels up for grabs. We are in the process of acquiring a major land parcel in Thane and continue to hold talks with other landowners. Housing sales have been under pressure for the past two quarters. Do you expect the slowdown to continue? Housing is one of the biggest human aspirations and the ambition to buy a new house or shift to bigger homes is always there. The slowdown is temporary but the needs of the house will always be there. There are cyclic phases and they cannot eliminate the industry growth as a whole. Real Estate prices have shot up sharply in recent years. Do you expect property prices to remain at elevated levels? The cost of construction has gone up significantly, be it raw material prices or the GST levied by government bodies. Land prices too have gone up. I do not control the prices, the market forces do. When the construction cost and land prices will come down, then the prices of property may come down. That being said, buyers may turn cautious due to increasing prices but the requirement for homes will always be there.
Indian Express
17-05-2025
- Politics
- Indian Express
Story of a sacred Jharkhand hill at the centre of old friction between Jains & Santals
The Jharkhand High Court on May 3 directed the state government to enforce a pre-existing ban on the consumption and sale of meat, alcohol, and other intoxicants on a hill considered to be sacred by both the Santal Adivasi and Jain communities. Referred to as Marang Buru by Santals and Parasnath by Jains, the hill in Jharkhand's Giridih district has been the site of a century-old inter-community conflict. Here's the story. A sacred hill Jains believe that 20 of the 24 Jain tirthankaras (divine teachers) attained nirvana (liberation) on Parasnath Hill. The name 'Parasnath' is derived from Parshvanatha, the 23rd tirthankara. Today, there are more than 40 Jain temples and dhams on the hill. 'The Jains, being followers of one of the oldest religions, have held this hill sacred since the time of the tirthankaras [in the BCEs],' Amit Jain, a community leader in Parasnath, told The Indian Express. '[Jains and Adivasis] have co-existed at Parasnath Hill from the very beginning. When the tirthankaras came here to attain nirvana here, it was the Adivasis who carried them to the top of the hill. That tradition continues today,' he said. Marang Buru (literally 'the Great Mountain') is the supreme animist deity in the Santal tradition. The Jug Jaher Than (sacred grove) on the hill is the most sacred dhorom garh (religious site) of the Santals, akin to what Mecca means for Muslims. Also significant is the Dishom Manjhi Than on the hill, the symbolic seat of the dishom manjhi (the traditional Santal leader) where customary rituals are performed. Its religious significance aside, Marang Buru is the supreme seat of justice for Santals. The Lo Bir Baisi, a tribal council that resolves disputes which cannot be handled at the village level, convenes at Boda Darha in Sohraiya village, on the eastern part of the sacred mountain. It was with a resolution of this council that the historic Santal Hul was launched in 1855. Led by Sidhu and Kanhu Murmu, the rebellion targeted the oppressive dikus, literally 'outsiders', including zamindars, mahajans, and British officials. An old conflict Jains believe that an ancient king donated the Parasnath Hill to the community. But revenue department official P C Roy Choudhury in the 1957 Hazaribagh District Gazetteer wrote that 'the oldest of the [Jain] temples appears to date only from AD 1765.' It was in 1911 that the conflict between Adivasis and Jains over Marang Buru/Parasnath officially entered state records. 'Parasnath is the Marang Buru or hill deity of the Santals… Each year they assemble during the full moon of Baisakh… and celebrate a religious hunt for three days; after which a great tribal session is held… The entry of this custom in the record-of-rights which was prepared in 1911… was followed by the institution of a suit by the Swetamber Jains who have declared that no such custom exists,' Roy Choudhury wrote. This account describes the Sendra festival which has been a frequent flash point in the Santal-Jain conflict over the hill. During the three-day long Sendra, all male members of the Santal community head into the forest to hunt. 'It's a rebirth for Santal men. Either die or hunt to survive,' Arjun Marandi, a community elder, told The Indian Express. For Jains, who follow a rigorous spiritually-motivated vegetarian diet, Sendra has long caused consternation. But initial attempts to ban hunting on the hill were unsuccessful. The aforementioned suit was dismissed by the district court, and upon appeal, rejected by the Patna High Court in 1917. '[The plaintiffs'] grievance, if any, is hyper sentimental,' the court observed. The Privy Council, the highest court of appeal in British India, later held that Santals have a customary right to hunt on Parasnath Hill, Roy Choudhury wrote in the 1957 Gazetteer. After Independence Continuing pressure from dikus and concerns regarding India's depleting forests gradually eroded Adivasi rights over the hill post-Independence. In 1972, the year in which the Indira Gandhi government passed the Wildlife Protection Act, Adivasi villages around Marang Buru lost their status under the Fifth Schedule of the Constitution. Areas included in the Fifth Schedule give Scheduled Tribes certain special rights with regards to administration and control of resources. The forested area on and around the hill was designated as a wildlife sanctuary in 1978, which further reduced Adivasi rights over it. As a result, rituals at the Jug Jaher Than in Marang Buru were halted from the 1970s to 2000, the year Jharkhand attained statehood. Ajay Tudu, a prominent Santali activist who led the movement for the resumption of Adivasi rituals at Marang Buru, was shot dead by unknown assailants in 2008. But even in a state created with the ostensible purpose of politically empowering Adivasis, there have been continuing impediments on Santal customary practices in Parasnath. Most recently, a 2023 memorandum by the Ministry of Environment, Forest and Climate Change ordered that no alcohol or meat be served within a 25 km radius of the hill — an area encompassing 99, mostly Adivasi, villages — out of respect for the sentiments of the Jain community. The memo also banned serving eggs or meat in Anganwadi centres and primary schools in the area, Naman Priyesh Lakra, the Deputy Commissioner of Giridih district, told The Indian Express. The recent HC order pertained to the enforcement of this MoEFCC directive. DC Lakra said that following the HC order the number of home guards in the area has been increased to prevent illegal activities by villagers or outsiders. Nonetheless, earlier this week, Santals celebrated the Sendra festival in the jungles of Marang Buru. The Marang Buru Sanvta Susaar Baisi (MBSSB), a local Santal association led by Sikandar Hembrom, has also filed a counter-petition asserting Santals' traditional rights over the hill.
Yahoo
13-05-2025
- Business
- Yahoo
Airspan Outlines Vision for Purpose-Built In-Building Wireless Solutions
Comprehensive Portfolio of DAS and Small Cells Designed for Carriers, 3POs, Venues, and Enterprises BOCA RATON, Fla., May 13, 2025--(BUSINESS WIRE)--Airspan Networks Holdings LLC ("Airspan"), a leading global provider of wireless network solutions, today unveiled the strategic vision and direction for its Indoor business. Centered around a differentiated, purpose-built approach, the portfolio is designed to address in-building wireless (IBW) needs of all network owners including mobile network operators, neutral hosts, venues, and enterprises. Airspan will focus on four cornerstone indoor platforms — each engineered to address specific deployment models, building types, and technical requirements. These platforms reflect Airspan's investment in delivering right-sized, high performance solutions optimized for rapidly evolving customer demands centered around advanced connectivity and network convergence. "Airspan plans to deliver purpose-built solutions engineered for specific scenarios, whether it's a multi-carrier DAS in a high-traffic venue, a small cell deployment in an enterprise, or a hybrid architecture leveraging both," said Amit Jain, SVP & GM of In-Building Networks at Airspan. "We are empowering customers to make future-ready technology decisions that enhance performance, reduce the cost of ownership, and, where applicable, effectively integrate public and private network environments." Purpose-Built Platforms for IBW Networks A) MobileAccess 6000 DAS for large, high-density venues The MobileAccess 6000 (MA6000) is a modular, MIMO-optimized DAS platform built for the most demanding environments including stadiums, convention centers, airports, and other high-traffic venues. Supporting all sub-6 GHz bands - including C-band, CBRS and 2.5 GHz - the MA6000 offers high sectorization, scale and capacity. B) MobileAccess 6200 DAS for low to medium density venues and enterprise networks The MobileAccess 6200 (MA6200) provides robust, multi-carrier coverage in hospitals, hotels, manufacturing plants, higher education, and office campuses. With support for all sub-6 GHz bands - including C-Band, CBRS, and 2.5 GHz - the MA6200 delivers cost-efficient coverage in a compact form factor. C) SpiderCloud Small Cells for single-carrier deployments in medium to large enterprises SpiderCloud is a carrier-approved scalable small cell solution that can be deployed like Wi-Fi on an enterprise Ethernet LAN. In addition, SpiderCloud small cells can be used as a signal source for DAS. The platform offers high capacity and efficiency in deployment, provisioning and operations. D) AirVelocity CBRS Small Cells for neutral-host and private networks Ideal for small to mid-sized buildings, AirVelocity supports 4G and 5G in multiple bands including CBRS. Its carrier-grade features and integration with a wide range of MOCN gateways makes it a preferred choice for public and private enterprise networks and neutral-host deployments. "Our focus on purpose-built indoor solutions ensures that our customers get precisely what they need," said Kyle Allen, SVP of Strategic Operations of Airspan. "Our DAS platforms address scale and capacity needs while our small cells ensure deployment flexibility while bringing carrier signal source indoors. Ultimately, Airspan provides the architecture, flexibility, and expertise needed to meet technical and business objectives for all network owners." For more information, visit About Airspan Airspan Networks Holdings LLC is a U.S.-based provider of wireless network solutions and a recognized leader in Open RAN. Airspan has extensive expertise in the design of carrier-grade wireless networks and has shipped more than 1 million radios globally to over 1,000 customers. Airspan's reliable and scalable solutions support Macro Open RUs, In-Building Wireless, Critical Infrastructure, Fixed Wireless Access, Defense and Air-To-Ground, empowering businesses, governments, and service providers to build the networks of tomorrow, today. View source version on Contacts Media & Analyst Contact: Manish Matta(630) 210-5119mmatta@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
