Latest news with #Vijayakumar
The Hindu
18 hours ago
- Business
- The Hindu
Stock markets trade lower in early trade amid persistent foreign fund outflows, tariff jitters
Equity benchmark indices Sensex and Nifty declined in early trade on Friday (August 8, 2025) amid non-stop foreign fund outflows and tariff-related jitters. The 30-share BSE Sensex declined 242.24 points to 80,381.02 in early trade. The 50-share NSE Nifty dropped 54.85 points to 24,541.30. From the Sensex firms, Bharti Airtel, Infosys, Bharat Electronics, Eternal, Axis Bank and HDFC Bank were among the laggards. However, Titan, Bajaj Finance, NTPC and Bajaj Finserv were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,997.19 crore on Thursday (August 7, 2025), according to exchange data. Domestic Institutional Investors (DII), however, bought stocks worth ₹10,864.04 crore in the previous trade. 'The market continues to be technically and fundamentally weak. From the fundamental perspective, there are no indications yet of a sharp uptick in earnings for FY26. These weak indicators, along with the relatively high valuations in India, are triggering sustained selling by the FIIs,' V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said. 'Yesterday's sharp 250 point recovery from the low level in Nifty was caused by short covering triggered by the strong buying by DIIs of ₹10,864 crore. In the present context of negative sentiments in the market caused by the tariff skirmishes between India and the U.S., FIIs are likely to continue selling in the cash market. The only saving grace is the sustained DII buying, which remains strong,' Mr. Vijayakumar added. The initial 25% tariffs announced by the US on Indian imports came into effect Thursday (August 7, 2025). In Asian markets, Japan's Nikkei 225 index and Shanghai's SSE Composite index were quoted in positive territory, while South Korea's Kospi and Hong Kong's Hang Seng traded lower. The U.S. markets ended on a mixed note on Thursday (August 7, 2025). Global oil benchmark Brent crude dipped 0.69% to $66.42 a barrel. On Thursday (August 7, 2025), the Sensex edged higher by 79.27 points or 0.10%, to settle at 80,623.26. The Nifty went up by 21.95 points or 0.09%, to 24,596.15.
Economic Times
19 hours ago
- Business
- Economic Times
Sensex falls over 300 pts, Nifty below 24,550 as Trump tariffs fog street sentiments; IT stocks fall
Indian benchmark indices opened lower on Friday, extending intraday losses from the previous session, as investor sentiment remained fragile following U.S. President Donald Trump's surprise move to double tariffs on Indian exports, with sentiment further weighed down by persistent foreign fund outflows. ADVERTISEMENT The BSE Sensex fell 320 points, or 0.39%, to open at 80,305, while the NSE Nifty shed 85 points, or 0.35%, to open at 24,509. Within the 30-share Sensex, Bharti Airtel, Infosys, Bharat Electronics (BEL), Eternal, Axis Bank and HDFC Bank were among the top losers, shedding between 0.5% and 2.8%. Sectorally, IT and financial stocks bore the brunt of the selling, with the Nifty IT index down 0.6% and Nifty Financial Services slipping 0.2%.The Nifty and Sensex fell nearly 1% each on Thursday after U.S. President Donald Trump announced an additional 25% tariff on Indian exports, doubling existing levies to 50%. The White House cited New Delhi's continued oil trade with Moscow as the trigger for the has also threatened fresh sanctions on Russia and its trading partners starting Friday, unless President Vladimir Putin agrees to end the three-and-a-half-year war in Ukraine. ADVERTISEMENT Bucking the trend, oil and gas stocks edged higher, with the sector trading up 0.7% as shares of Indian Oil Corporation and BPCL rose as much as 2%.Meanwhile, the broader market remained subdued, with small-cap and mid-cap stocks largely flat in early trade. ADVERTISEMENT The market continues to be technically and fundamentally weak and continuous lower lows on the Nifty is technically a weak sign, said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments, adding that from the fundamental perspective, there are no indications yet of a sharp uptick in earnings for FY26. "These weak indicators, along with the relatively high valuations in India, are triggering sustained selling by the FIIs. FIIs have sold on all trading days of August, so far, taking their total cash market selling in August, till now, to Rs 15950 crore," said Vijayakumar. ADVERTISEMENT In the present context of negative sentiments in the market caused by the tariff skirmishes between India and the U.S., FIIs are likely to continue selling in the cash market, said Vijayakumar, adding that "the only saving grace is the sustained DII buying which remains strong. The strong DII buying assisted by sustained flows into mutual funds can prevent a crash in the market. Investors may wait and watch for the developments on the tariff front to unfold." With 88% of Nifty 500 stocks bouncing at least 1% off the day's lows, a broad based recovery is in sight, said Anand James, Chief Market Strategist, Geojit Investments, adding that the Nifty paused not far from the key pivot of 24,590 is a sign of a measured upside move, which has the potential to evolve into a stronger push. ADVERTISEMENT "But, we will begin with a limited upside view of 24670-717, with an intention to play larger upside aiming 24850-25000. Downside marker may be placed near 24548," said James.
Economic Times
2 days ago
- Business
- Economic Times
Shrimp stocks Avanti Feeds, Waterbase, others slide up to 5% after Trump slaps 50% tariffs on Indian exports
From 'Howdy Modi' to tariff walls Live Events Room for negotiation? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of India's leading shrimp exporters fell as much as 5% on Thursday after U.S. President Donald Trump announced a fresh wave of tariffs on Indian goods, raising duties to 50%, among the highest imposed on any trading partner, in retaliation for India's continued oil trade with Feeds, Apex Frozen Foods and Waterbase Ltd bore the brunt of the market reaction as investors weighed the implications of heightened trade tensions. Shares of Avanti Feeds dropped 5.3% to Rs 631.80, Apex Frozen Foods slid 4% to Rs 218.80, while Waterbase Ltd declined nearly 2% to Rs tariff escalation, which builds on an earlier 25% levy imposed by the Trump administration, adds further strain to select Indian export sectors with deep exposure to the U.S. market. While only about 20% of India's goods exports, or 2% of GDP, are U.S.-bound, the impact on specific categories such as seafood, pharmaceuticals, and textiles is expected to be new tariffs will take effect in 21 days, according to the White House order, while the previously announced 25% duties are set to begin from tariff move underscores a marked deterioration in the relationship between Washington and New Delhi since the much-publicised February meeting between Trump and Prime Minister Narendra Modi. In recent weeks, Trump has publicly referred to India's economy as 'dead,' branded its trade barriers 'obnoxious,' and accused it of 'profiting' from cheap Russian oil while remaining silent on Russia's war in Ukraine, now in its fourth Ministry of External Affairs called the move 'extremely unfortunate,' and pointed out that 'many other countries are also importing Russian oil in their national economic interest.'Trade between the world's largest and fifth-largest economies is valued at over $190 billion, according to Reuters, and the latest escalation throws a spotlight on the frictions that could derail a steadily growing bilateral economic relationship.'The 21-day window for the additional 25% tariff to take effect leaves room for negotiation and an eventual deal with the US. But there is huge uncertainty surrounding the trade policy and to what extent both nations will be willing to make compromises," said Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services Vijayakumar said that 'President Trump, fresh from the successes he has extracted in deals with others including the EU, is unlikely to budge significantly from his unjustified stand. Unfortunately for India, the U.S. is bargaining from a position of strength. India's response has been mature and measured.'On the broader market outlook, Vijayakumar said, 'The market is unlikely to panic but weakness will continue in the near-term. Since uncertainty is high investors should be cautious in their approach. At least in the near-term, export-oriented sectors will remain weak. Domestic consumption themes like banking and financials, telecom, hotels, cement, capital goods and segments of automobiles will remain resilient.'A day before the announcement, the Reserve Bank of India maintained its GDP growth forecast at 6.5% for the fiscal year, signalling that policymakers are not yet factoring in a material slowdown from trade-related tensions.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
4 days ago
- Automotive
- Time of India
Ather narrows Q1 losses; VinFast to make in India
Next Ather narrows Q1 losses; VinFast to make in India Want this newsletter delivered to your inbox? Also in the letter: EVs and logistics: Ather, Delhivery ride market optimism Driving the news: The May-listed EV maker also grabbed more market share, touching 16.3% in July and closing in on Ola Electric's 17.9%. Its Rizta scooter lineup has broadened its appeal among urban riders. Also Read: Tell me more: CEO Sahil Barua said the Rs 300-crore Ecom Express acquisition would likely start showing in Q2, likely lifting its third-party logistics market share by 25%. Also Read: Why it matters: VinFast opens India plant, eyes regional expansion Details: The facility starts with an annual capacity of 50,000 EVs, which can be scaled to 150,000. Production kicks off this month, with models designed for Indian roads and export markets. The company has also opened its first showroom in Chennai, and is racing to launch 35 dealerships across 27 cities by the end of the year. Zoom out: Also Read: Why it matters: Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: HCLTech's Vijayakumar is top-paid IT CEO Other CEO salaries: Infosys' Salil Parekh: Rs 80.6 crore Rs 80.6 crore Tech Mahindra's Mohit Joshi: Rs 53.9 crore Rs 53.9 crore Wipro's Srinivas Pallia: Rs 53.6 crore Rs 53.6 crore TCS' K Krithivasan: Rs 26.5 crore Also Read: Big picture: SEO meets AI: Brands shift to GEO for visibility How it works: Brand impact: MyMuse says its mentions on ChatGPT are rising 10% month-on-month. Kerala Ayurveda reports a 2.5x jump in traffic from ChatGPT in just two months. Visibility without clarity: Kaynes looks to open Rs 4,995 crore components making unit in Tamil Nadu Details: But, why: This marks Tamil Nadu's first large-scale foray into PCB manufacturing, a key step in climbing the electronics value chain. The state is betting on Thoothukudi to emerge as a hub for component production, buoyed by the Centre's new electronics component manufacturing scheme. Electric scooter maker Ather clocked a 79% jump in revenue for the April-June quarter. This and more in today's ETtech Top 5.■ What IT CEOs got paid in FY25■ Brands go from SEO to GEO■ Kaynes' new Rs 5K-crore facility in TNAther Energy and Delhivery rode a wave of investor optimism after upbeat Q1 results, even as the profitability question still hangs over delivered a 79% year-on-year revenue jump to Rs 645 crore in Q1 FY26, with losses narrowing slightly to Rs 178 crore. Total expenses climbed 54%, but the company managed to cut employee costs by 37% to Rs 119 crore, signalling tighter post-IPO player Delhivery reported a 68.5% surge in net profit to Rs 91 crore, sending its stock up 5% to Rs 451.60. Revenue inched up 5.6% YoY to Rs 2,294 crore, while express parcel volumes grew 14% to 208 million companies operate in cash-hungry sectors where investors demand visible paths to profitability. For now, markets are rewarding growth coupled with operational restraint—a signal that disciplined expansion is buying both players time to prove their VinFast has switched gears in India, inaugurating its first EV plant in Tamil Nadu as part of a $2 billion regional slow traction in the US and Europe, VinFast is betting on Asia's faster growth curve. New plants are coming up in Indonesia, while Thailand and the Philippines are next on its expansion entry follows Tesla's long-delayed arrival , with a 4,000-square-foot showroom in Mumbai's Bandra Kurla Complex. Tesla will sell China-made Model Y crossovers at over $56,000 before taxes and insurance. With Chinese brands such as BYD facing regulatory headwinds, VinFast benefits from a clearer path as one of the first new Asian entrants in the Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship C Vijayakumar was the highest-paid Indian IT CEO in FY25, with a remuneration of $10.85 million (Rs 94.6 crore). The board has approved a 71% increase for FY26, bringing it to $18.6 a slower pace of tech spending, IT firms are maintaining competitive executive pay. Continuity in leadership remains a priority amidst shifts in more users turn to AI assistants like ChatGPT and Gemini for answers, brands are rethinking how they get discovered. Enter generative engine optimisation (GEO), the next frontier after traditional search engine optimisation (SEO).Unlike keyword-led SEO, GEO is all about prompt-driven discovery. Startups such as Asva AI and Siftly now help brands craft content that AI tools are more likely to cite in results are slowly starting to platforms reveal very little about clicks or rankings, making it tricky to measure performance. Yet, early adopters insist that appearing in AI-generated answers is becoming essential, especially as Google's AI Overviews now draws over 2 billion monthly users . For brands, GEO could soon be as fundamental as SEO ever Circuits India is gearing up to invest Rs 4,995 crore in a cutting-edge electronic component manufacturing facility in Toothukudi, Tamil plant will roll out 74-layer and high-density interconnect printed circuit boards (HDI PCBs), flexible PCBs, high-performance laminates, camera modules and wire harness assemblies, sources told us."Like Tamil Nadu brought VinFast for the auto sector to Thoothukudi , Kaynes' new unit is going to be an anchor investment that will help with the establishment of a new electronics manufacturing cluster in the deep South," one of the sources cited above said.
India.com
5 days ago
- Business
- India.com
This IT company CEO earns Rs 940000000, more than Noel Tata's TCS, Narayana Murthy's Infosys heads, he is…, company is…
HCLTech CEO C Vijayakumar earned USD 10.85 million (around Rs 94.6 crore) in FY 2024-25, making him one of the highest-paid executives in India's IT sector. His compensation surpassed that of the CEOs of larger rivals TCS and Infosys. The company's board has also approved an over 71 per cent increase in his current remuneration to USD 18.6 million (about Rs 154 crore) for the next financial year, according to the company's annual report. Vijayakumar's FY25 compensation places him ahead of his peers at India's top two IT firms. TCS, Infosys CEOs Salary For the same period, TCS CEO K Krithivasan's remuneration was Rs 26.52 crore, while Infosys CEO Salil Parekh earned Rs 80.62 crore. Vijayakumar's earnings also topped those of Wipro CEO Srinivas Pallia (USD 6.2 million or about Rs 53.64 crore) and Tech Mahindra CEO Mohit Joshi (Rs 53.9 crore). According to HCLTech's annual report, Vijayakumar's total remuneration in the fiscal year ended March 31, 2025, comprised a base salary of USD 1.96 million and a performance-linked bonus of USD 1.73 million. The largest portion of his earnings came from long-term incentives, with exercised Restricted Stock Units (RSUs) valued at USD 6.96 million. An additional USD 0.20 million was provided in benefits and perquisites. Who Is HCLTech CEO Vijayakumar? Vijayakumar, who took over as the CEO in 2016, is based in the US and draws his remuneration from HCL America Inc., the firm's wholly-owned US subsidiary. 'Under C. Vijayakumar's leadership, HCLTech's market capitalisation has increased from Rs 1,15,000 crore on March 31, 2016, to Rs 4,32,000 crore on March 31, 2025, reflecting a growth of 3.8 times since FY16. Over the same period, the market capitalisation of the other four leading Indian listed IT services firms among the top five has grown by approximately 2.5 times,' the company said. The company's board has approved a revised remuneration package for Vijayakumar, effective April 1, 2025. The proposed annual salary is set at USD 18.6 million, marking a 71 per cent increase from his FY25 earnings. The proposed structure significantly increases both fixed and performance-linked components. 'The revised compensation acknowledges C Vijayakumar's successful and long-tenured leadership as CEO, recognising his significant contributions to the company's growth and sustained performance over the years,' the report said. HCL Technologies posted a 9.7 per cent drop to Rs 3,843 crore in consolidated net profit for the June quarter, hurt by higher expenses and one-time impact of a client bankruptcy, but raised the lower end of revenue growth outlook for the full fiscal to 3-5 per cent (from 2-5 per cent earlier) on booking expectations in coming quarters. (With Inputs From PTI)
