Anand Mahindra emphasizes the significance of output quality over the number of working hours in response to controversial remarks by L&T Chairman SN Subrahmanyan about a 90-hour workweek. Mahindra also highlights the importance of a balanced life enriched by arts, culture, and family time for enhanced decision-making and leadership.
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Bengaluru's office rentals have surged by 26% in five years, reaching Rs 93 per square foot in 2024. Key cities like Hyderabad and Chennai also saw significant increases, driven by expanding IT infrastructure and skilled workforce, while Delhi-NCR recorded the slowest growth among the seven major property markets.
The Trump administration's policies are causing concerns among F-1 student visa holders, H-1B visa holders, and green card holders. Many are hesitant to travel outside the US due to potential re-entry issues.
Flipkart cofounder Binny Bansal has donated Rs 70 crore to establish the Binny Bansal Institute for Inventing the Future (IIF) at Plaksha University. The institute aims to tackle global challenges through AI, blockchain, and robotics. Plaksha University, supported by various donors, focuses on cross-disciplinary learning and partnerships to drive tech education and convert research into real-world applications.
India's industrial output hit a six-month high in November driven by manufacturing, capital goods, and consumer durables. The index of industrial production rose 5.2% with significant contributions from a 9% rise in capital goods and a 13.1% rise in consumer durables, indicating strong festive demand.
Wipro CEO Srini Pallia showcased their cloud car ecosystem powered automotive prototype in Bengaluru, highlighting the company's advancements in software-defined vehicles (SDV). The AI-driven solutions aim to set new benchmarks in the automotive sector, emphasizing durability, performance, and sustainability. This platform offers automakers an integrated, cloud-native software solution with robust cybersecurity, enabling faster innovation at reduced costs.
Motilal Oswal Financial Services recommends buying Metro Brands with a target price of Rs 1,460 due to strong growth potential. HSBC suggests reducing Tata Chemicals to Rs 820 citing limited benefits and muted demand. Nuvama maintains a reduce stance on Ashoka Buildcon targeting Rs 294. Equirus is bullish on Transport Corp, targeting Rs 1,395.
Razorpay has extended Rs 1 lakh worth of ESOPs to each of its 3,000+ employees for the first time, reflecting its commitment to an employee-first ethos. Previously, Razorpay’s ESOP buybacks have benefited numerous employees, with the latest $75 million buyback in 2022 impacting 650 employees.
Stock market recommendations: Motilal Oswal Financial Services recommends DLF and HDFC AMC as top stock picks for the week. DLF boasts a strong portfolio with significant pre-sales growth projected, while HDFC AMC shows potential due to its high-margin equity segment and extensive distribution network.
Competition Commission of India (CCI) has approved UltraTech Cement's acquisition of a majority stake in India Cements. UltraTech will acquire a 32.72% stake from promoters and up to 26% through an open offer, strengthening its presence in the southern cement market. This deal, valued at over ₹7,000 crore, boosts UltraTech's market leadership.
Stock market recommendations: Stock picks for today include CONCOR with a buy range of Rs 760 - Rs 740, ITC near Rs 435, and Tata Steel near Rs 125. Analysts suggest these stocks due to key support levels observed in their charts. Specific stop-loss and target points are provided for each stock.