Emerging Market Shares

Saudi revives India investment plans amid shrinking market share

Move aimed at ensuring a major captive market for its crude oil, even as Indian refiners mull reducing the share of expensive Saudi grades sourced under term contracts

HDFC Bank share price touches all-time high, closes at Rs 1,768.35

This is on hopes that lender's weight in MSCI Emerging Market index will double in August

MSCI shuffle: India narrows the gap with China, may get $2 bn in inflows

With the May rejig, India's stock count in the MSCI Global Standard index is at 149, the highest ever for the country

Spicejet's domestic market share makes consistent gains towards 2023-end

Meanwhile, India's largest carrier, IndiGo, saw a marginal decline in its market share from 62.6 per cent in October to 61.8 per cent in November

India's share in global computer services exports jumps to 11% in FY23

With software exports hitting a record high of USD 320 billion in FY23, the country's share in global computer services exports has jumped to around 11 per cent in the year, according to an analysis. But the country still lags in the overall services export share at about 4 per cent, according to analysis of the trade data for FY23 by DBS senior economist Radhika Rao. According to her, the strong services trade performance will add to the improving external balance dynamics this year, which is also aided by falling commodity prices. The country's share in computer services exports in the global trade is at a significant 10-11 per cent, while the overall services exports share is only 4 per cent in 2022, according to the DBS analysis. Net service trade under the balance of payments (BoP) jumped from a monthly average of USD 7.3 billion in 2019 to USD 12.9 billion in 2022 and is on course to touch a new of high of USD 13.5 billion in early 2023, said Rao. On a full-year basis, servi

Blue Star aims to corner 15% share in residential AC market by FY25

Blue Star aims to corner around 15 per cent share of the residential air conditioner market in terms of value as the cooling products maker expands its product portfolio and distribution network, its Managing Director B Thiagarajan said on Wednesday. The company is witnessing a pick up in the markets of West and South regions and expects a 20 to 25 per cent volume growth this season. Blue Star, which is launching affordable products targeting the mass premium segment catering to price-sensitive and first-time buyers especially from non-metro towns, has introduced 75 products across the inverter, fix speed and window ACs. "We are aiming for 20 to 25 per growth in volumes in AC business this year," Thiagarajan said at a press meet here. According to him, the company targets to achieve a market share of 15 per cent by FY25 in the room air conditioner segment. The domestic residential AC market is estimated to be around 8 million units and had a double-digit growth last fiscal. Blue S

Sheela Foam to buy rival mattress maker Kurl-on for Rs 2,000 crore

The combined entity will have a market share of more than 50 per cent in India's organised mattress space

beatXP enters into smartwatch segment, targets 10% market share by 2023

Fitness gear maker beatXP has entered into the smartwatch segment with an aim to capture 10 per cent market share by the end of 2023, the company said on Friday. beatXP Business Director Ashish Dhuwan told PTI that the company has garnered an average sale of Rs 1 crore per day during the limited launch about 10 days back which gives it a confidence to comfortably achieve the set target. Founded in late 2021, beatXP's consolidated business has crossed the Rs 100 crore mark. Dhuwan said the company has incorporated six physical sensors including one for ECG (electrocardiogram) to target the affordable segment market. "beatXP aims to capture 10 per cent of the smartwatch market share by the end of 2023 to become one of the top-selling brands in this category. There is a huge gap in the wearables category where most brands in the affordable segment offer non-accurate sensors such as heart-rate, SPo2. beat XP's Exact smartwatch is offering ECG and family remote health monitoring which is

Lupin set to gain market share in US flu season; shares up 6% in 2 sessions

The stock has underperformed peers and the benchmark over the past year

Maruti's share in Suzuki's sales revenue jumps to a 7-year high

Suzuki holds a 56.37 per cent stake in Maruti Suzuki

EV growth, mkt share to forge gains for auto component maker Sona Comstar

Margins could improve given softening commodity prices

Triumph Motorcycles India aims to increase market share to 25% in 12 months

Triumph Motorcycles India has seen a growth of 30 per cent in the last 12 months, with sales of "a little over" 1,200 units, he said

Be prepared for a volatile phase as risks to markets on a rise: Analysts

Investors, they say, need to keep a tab on how the US treasury yields move, which in turn will have a ripple effect on how big money moves across developed (DMs) and emerging markets (EMs)

India leads earnings growth hope in EM pack despite economic slowdown

The consensus earnings per share (EPS) growth estimate in 2020 for the Indian market is 20.3 per cent, while the same for the EM pack is 14.1 per cent

Emerging market shares could double in 2 years, says BofA-ML

Since 2016, EM equities have outperformed global ones by 27 per cent