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Time of India
3 days ago
- Business
- Time of India
No betting on market till July; AI companies to take a couple of years to take off in India: Ajay Bagga
Ajay Bagga , Market Expert, says Agentic software adoption is growing, with Microsoft leading across platforms, which Indian companies are poised to capitalize. Economic headwinds in China and the US may impact IT spending, necessitating productivity and cost optimization through AI. Data centers are crucial for AI's expansion, presenting opportunities for utility companies and well-funded startups, especially those integrating solar power and storage solutions. What is your view on the markets because some people hold the view that this year markets could be tough. You have to be selective if you want to make money. What is your assessment? Ajay Bagga: All bets are off till July. July 9th is an important date as the tariff agreements start coming in that will help market sentiment. A 12-month view is quite strong. We will be quite okay on a 12-month basis. For the next 40-45 days, we have to wait and watch. We have seen a lot of back and forth on the Trump administration and those are the two big issues for the world. One issue is the global trade war and where tariffs will eventually settle in and the second big issue is the US fiscal deficit. These are the two things hurting global risk sentiment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When the Camera Clicked at the Worst Possible Time Read More Undo Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. In terms of flows, whenever there is a reduction in the tariff risk sentiment, we see flows coming to the US, otherwise we are seeing flows going largely to Europe and to Japan. Some amount coming into emerging markets as well, that also we are seeing. ET Now: You just said that flows are likely to go to Europe and Japan and some to the emerging market space. So, within that space, where is India positioned? How do you see the outlook going forward for the Indian market ? Ajay Bagga: The Indian market is positioned well, but for the global overhang, we would have seen even better inflows coming into the Indian markets. The issue is global. As far as the domestic macro goes, domestic earnings have been stable, they have not been great, but they have not been highly disappointing as well. It is a stable earnings outlook. Nearly eight months are over, and the ninth month is below the previous all-time high – so in a minor downside. Markets have had a good time to consolidate. Live Events You Might Also Like: Can India become the services factory of the world? Gautam Trivedi explains Again, the issue has been global and we have seen a return of FIIs in May. We expect that to continue further as well. But more issue is global than domestic and that is why the favoured sectors are also more domestic for now. But in the next six months if we get some more clarity on the Trump policy format, then it could come back and we could see global sectors getting benefited. Otherwise, we are focusing more on the domestically-oriented sectors. We would love to deep dive more into your preferred sector. But firstly, how do you see the whole chatter around the AI transition because some of the experts also highlight that whenever we have witnessed a technology transition, the Indian companies have adopted it very well but at a later stage. Help us with your assessment of the AI boom because some of the US and even Chinese companies are taking the leap. How will Indian players transition to that? Ajay Bagga: It is catching up. You are getting the end use cases. Agentic software is being launched. A lot of it will be how Microsoft is approaching it, where they have put their software on every cloud platform. They are not only limiting themselves to Azure, but they are going across a lot of platforms and giving end use solutions to customers for that. I think Indian companies will jump start that. We will see a lot of that coming in. But the big issue is the Chinese slowdown and the US looming slowdown . We are looking at 0.5% growth in the US for this year, next year 1.6% as against about a 2.5% growth that the last three years were seeing. There is some amount of slowdown in the US and what gets cut is first marketing and then software development and that is what our companies are facing. We have to have a strong productivity push or a cost cut push that we are optimising or are reducing employment by bringing in AI agents. We have not transitioned to those kinds of things yet and nobody in the world has brought that singularity into AI yet. The agents are very poor in comprehension and in offering solutions. Wherever the customer can enter the data, as happens in finance which we have done and our IT companies enabled that over the last 30 years, that was a big change, like earlier customers would walk into a branch, it was costing you Rs 200-300 to serve a customer. Then, we took it to the phones. It became Rs 10-12. Then, we brought it online, when it became customer-centered. You Might Also Like: Any dip towards 24,500-24,700 should be looked at as a buying opportunity: Dharmesh Shah Today we are all making our own payments, we are all enabling our accounts to pay our utility bills, the cost has gone out of the banks totally and it is all reconciled, it is all done automatically, it has happened from industry to industry, so that was the boom over the last 30 years that our IT did. AI is just starting. So, right now the picks and shovel companies like Nvidia who make the chips are doing well. The next level is who sets up the data centre and the power suppliers for them. Power suppliers to those data centres will do well. Third is companies which bring the end use, but then the end user has to be ready for it, has to be able to fund it. They are not finding it so much right now. Another trend I am seeing is the GCC trend. Since there are now 2,900 captive and third party GCCs running in India, all our companies are looking at funding and manning that and offering that kind of service which is easier than AI. AI will be the big one, but maybe it will take another two years before we start seeing that difference coming on the revenues and the profit front. Though data centres are long-term stories, do you find good opportunities in the listed space for specifically Indian companies? Though a lot of companies are now talking about the data centre theme, how will it contribute? Some of these are MNCs and some of the companies came out with the recent earnings as well, but do you have much confidence there that these companies will be able to deliver? Are there enough players in the listed space? Ajay Bagga: Not enough. There are a few who are talking about it. We have not really seen that getting translated yet. But there will be utility level companies which will come in. So, running a data centre is not necessarily an IT company kind of a work, but it helps them to gain clients to have that capacity, like the Government of India mentioned they are going to buy some 12,000 more GPU chips for the Indian stack, for the weather programme and private players also linked into defence. You Might Also Like: Sandip Sabharwal advises staggered buying for late entrants to avoid chasing peaks That way data centres will be done by the large corporates in the country and the well-funded startups will be able to do it. It is a crying need. It will happen. And if you can link it up to solar along with storage, like last week we had a few days where the incremental cost on the electric exchanges went to zero because solar was really performing in the heat. We are going to see weekends where you will get a surge of free power coming in. If you can store that, along with data centres, that will become a business model. So, there are some players, I would not like to name them, but one has not seen on the ground movement coming through yet, but when it happens, it will be very big. Everyone will use AI. And we take it very simply like I was told by a Harvard professor, make sure whenever you are using any of these tools, you are thanking them because in 10 years the machine will remember who was rude and who was saying the please and thank yous. But then, OpenAI came out and said it is costing them millions of dollars every time you are saying thank you to AI or this craze of creating portraits is costing so much data centre capacity, so much cooling capacity, so much power, which we do not realise. We are asking AI to write our emails. That day I was talking to one of the doctoral guides. They had sent me a thesis to read and then they called me very fast and said, sir do not waste your time. I said, what happened? They have this software which tracks if the thesis has been pirated from somewhere or plagiarized and they said 92% of the thesis is written by ChatGPT, so do not waste your time. We are asking the student to rewrite it. So, we are seeing things like that happen and all at the back of it will be data centres. So, you need, they will be like electricity. You will need data centres to process all this. We take it very simply. Write me an email, write a thank you and put this and immediately it comes, but it costs a lot at the back end.
Time of India
3 days ago
- Politics
- Time of India
‘Smart' beginnings: TN returns to school today
Chennai: Digital intervention, along with improving reading, writing, and basic arithmetic skills, is the focus in the new academic year as state board schools will reopen on Monday after the summer vacation. With all govt primary schools equipped with smart boards, students will experience digital intervention from Class I onwards this year. Ahead of reopening, city schools have spruced up their campuses and conducted teacher meetings to plan academic activities. "Students will have a unique experience of digital intervention from Class I itself," elementary education director P A Naresh said. All primary schools are provided with smart boards, and middle schools have got hi-tech labs. "Increasing enrolment, sustaining enrolled students, quality intervention, and zero tolerance to Pocso-related offences will be our main focus this year," he further said. With already 1.85 lakh admissions in Class I in govt schools this year, enrolment could exceed four lakh as most parents will enrol their wards in June. For Classes VI to VIII, the state govt has announced a new 'Thiran' initiative to improve reading, learning, and basic maths skills. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like What Happens When You Massage Baking Soda Into Your Scalp Read More Undo "Improving reading and writing skills of students from Class VI to VIII in Tamil and English is our top priority. We have also instructed the teachers to use online resources for improving pronunciation and spoken language of students," school education director S Kannappan said. To improve basic arithmetic skills, teachers were asked to focus on teaching tables and repeating them every day. The state govt also announced curriculum and syllabus revision for all classes starting from 2025-26. However, citing pending dues from Union govt, the state govt has not conducted RTE admissions in private schools this year. About 70,000 students enrolled in 8,000 private schools every year. Schools such as MCC Higher Secondary School in Chetpet are planning to take foundational classes for exams such as NEET and JEE for students from Class IX and X during the new academic year. "For the lower classes, we are going to concentrate on reading, writing, and spelling contests in the first month," said G Jebadoss Thinakaran, school headmaster. Chennai corporation schools have set a target to increase admissions and improve performance in board exams. "Our priority is to improve our enrolment this year. We also want more top scorers in Classes X and XII board exams. We will try to implement the new initiative to improve reading and writing skills," said Padmaja R, headmistress of Chennai Girls Higher Secondary School in Saidapet. Other board schools, including CBSE, are planning to reopen after the summer vacation, between June 2 and 6.
Time of India
4 days ago
- Automotive
- Time of India
Tata Motors reports 9 pc dip in sales in May
Tata Motors on Sunday reported a 9 per cent year-on-year decline in total sales at 70,187 units in May. The Mumbai-based auto major had reported total sales of 76,766 units in May 2024. Domestic sales declined 10 per cent year-on-year to 67,429 units, as compared to 75,173 units in the year-ago period Tata Motors said in a statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When the Camera Clicked at the Worst Possible Time Read More Undo Total passenger vehicle sales declined 11 per cent year-on-year to 42,040 units in May. Commercial vehicles sales stood at 28,147 units, as compared to 29,691 units, a dip of 5 per cent.
Time of India
28-05-2025
- Business
- Time of India
BSE 500 stocks rally up to 74% in a month, but 292 still languish up to 64% below peak
The broader BSE 500 index has posted a strong performance over the past month, rallying more than 12%, with individual stocks soaring as much as 74%. Despite this impressive run, an ETMarkets analysis reveals that 292 stocks are still trading at least 20% below their 52-week highs—potentially presenting attractive opportunities for investors. In the list are 15 stocks that have corrected by 50% or more while 50 counters have fallen between 40% and 49%. Over a 100 counters have slipped between 39% and 30% and the remaining 138 of them are down between 29% and 20%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When the Camera Clicked at the Worst Possible Time Read More Undo Domestic stock markets have remained jittery since October amid a host of factors like high valuations, 'Sell India Buy China' trade and Donald Trump's assuming charge as the US President. In the run-up to April 2, which the Trump administration referred to as the 'Liberation Day', volatility shot-up and global markets fell. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Markets have stablised post April 9 following a pause on the reciprocal tariffs until July. Notwithstanding this, volatility has stood its ground and fear gauge India VIX is still 39% higher in the past one quarter. Sharpest cuts The stocks with highest cuts include Sterling and Wilson Renewable Energy, Siemens and Punjab & Sind Bank (PSB) which have fallen by 64%, 60% and 59%, respectively. Others like Adani Green Energy , Network 18 Media & Investments, ITI, Titagarh Rail Systems, MMTC, Vedant Fashions, Tejas Networks, Route Mobile, Relaxo Footwears, Easy Trip Planners, UCO Bank and HFCL are down between 53% and 50%. Not all can be brushed under the sentiment carpet as individual stocks could be down because of company specific reasons and market mood may have only accentuated the fall. IndusInd Bank, which is grappling under governance issues and Aditya Birla Fashion and Retail's (ABFRL) demerger leading to price adjustments are cases in point. Live Events Some widely tracked stocks which are currently down between 20% and 49% are Birla Soft, Adani Total Gas, Indian Renewable Energy Development Agency (IREDA), PVR Inox, Honasa Consumer (mamaearth), Indian Railway Finance Corporation (IRFC), Tata Motors, Cochin Shipyard, Trent, Adani Enterprises, Asian Paints and Bajaj Auto. Market mood Notwithstanding the rally, BSE 500 is still 7.4% from its peak of 38,740.08 and market experts expect a bumpy ride laden with volatility in the run-up to the monthly expiry on Thursday and the Reserve Bank of India (RBI) monetary policy advising caution in the pockets which have seen sharp rally like PSU and defence. Analyst VK Vijayakumar, Chief Investment Strategist, Geojit Investments the market to likely consolidate around the current levels in the near-term. "A sustained rally will happen only when leading indicators suggest revival in earnings growth. Since mutual funds are sitting on sizeable cash any dip will be bought into and high valuations will trigger selling on rallies," he added. What should investors do? Investors are advised to ride the volatility via stock specific approach, say experts. Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel advises investors to buy in small tranches with a long term horizon. US yields are up amid current uncertainties and investors seem to be booking profit after the recent rally in Indian equities and moving to less risky assets, he said, decoding the current mood while suggesting sector diversification with trusted largecap names like HDFC Bank and Reliance Industries (RIL). "If you are hunting for value, this is not the market for you. Hunt for growth. There are two styles of making money, the value style and the growth style. The best of value is behind us. Being growth investors, lower interest rates with continued good growth outlook is a very good combo for growth investing. We think our time has come.
Time of India
27-05-2025
- Business
- Time of India
Info Edge Q4 Results: Cons PAT skyrockets 667% YoY to Rs 463 crore, revenue jumps 14%
Info Edge on Tuesday reported a 667% year-on-year (YoY) surge in its consolidated net profit, reaching Rs 463 crore for the March quarter, compared to Rs 60 crore in the same period last year. The profit is attributable to the company's shareholders. Revenue from operations for the quarter stood at Rs 750 crore, marking a 14% YoY increase from Rs 657 crore reported in the corresponding quarter of the previous financial year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perfectly Timed Photos You Won't Believe Are Real Read More Undo The company's board has recommended a final dividend of Rs 3.60 per equity share for the financial year ended March 31, 2025. MORE TO COME....
