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<keyword id="20207838" type="General" weightage="20" keywordseo="dsp-mutual-fund" source="keywords">DSP Mutual Fund</keyword>'s September 2024 Netra report credits <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>'s strong economic recovery to increased fiscal expenditure. The report, which tracks current economic trends and market insights through various charts, emphasizes the need for the private corporate sector and households to play a larger role in sustaining the ongoing growth momentum. Netra also pointed out an unsettling calm in the markets, with the Nifty 50 TRI index maintaining an impressive 53-month streak without a 5% decline and 13 years without a drop greater than 10%. Sahil Kapoor, Head of Products and Market Strategist, DSP Mutual Fund, said, "The calm in the markets, marked by an unnerving lack of volatility, is a double-edged sword. While it provides a sense of stability, it also masks underlying risks that could surface unexpectedly, catching investors off guard. To ensure a sustainable recovery, there is a need for the private sector and households to take the lead, transforming fiscal stimulus into lasting economic growth." However, the report notes a shift in market dynamics, with the momentum factor, which has outperformed since the COVID-19 bottom, beginning to lose its dominance. At the same time, the quality factor, which had underperformed over the last four years, is now seeing a resurgence, potentially indicating a change in market leadership that could favour quality-orientated funds, both active and passive. The report highlights the critical role government spending has played in the recovery, with a focus on capital investments crucial for future growth. However, contributions from the private corporate sector and households have lagged. It also draws attention to a slowdown in India's per capita consumption, approaching lows seen in previous cycles. Given that consumption accounts for around 60% of GDP, it is vital that this sector grows at a rate exceeding GDP growth to stimulate private capital expenditure. India's <keyword id="487578" type="General" weightage="20" keywordseo="tax-collections" source="Orion">tax collections</keyword> have demonstrated robust growth, with gross tax revenue showing a five-year compound annual growth rate (CAGR) of 14 %. This growth, largely driven by <keyword id="6354751" type="General" weightage="20" keywordseo="income-tax" source="Orion">income tax</keyword>, indicates a rising dependency on capital gains and stock market performance, introducing new vulnerabilities to the economy. The banking and financial services sector (<keyword id="19910880" type="General" weightage="20" keywordseo="bfsi" source="keywords">BFSI</keyword>) has emerged as a key driver of market earnings, recording a 12 % increase in profit after tax (PAT) growth, significantly outpacing the 4.6 % growth observed in non-BFSI Nifty 50 companies. This disparity underscores the sector's importance in India's economic story and highlights promising investment opportunities.

India's strong economic recovery is led by fiscal expenditure: DSP MF

Shares of state-owned behemoth Life Insurance Corporation (<keyword id="19903588" type="General" weightage="20" keywordseo="LIC" source="keywords">LIC</keyword>) have outperformed rivals like <keyword id="20079495" type="General" weightage="20" keywordseo="HDFC-Life" source="keywords" meta.keywordsubtype="org" meta.entityname="HDFC Life" meta.hostid="261" meta.entityid="HDFC Life">HDFC Life</keyword> and <keyword id="21278696" type="General" weightage="20" keywordseo="ICICI-Prudential-Life" source="keywords">ICICI Prudential Life</keyword>, as it placed bets on India's growth sectors, including infrastructure, while the private sector concentrated its bets on tech, consumer and consumer-related <keyword id="19910880" type="General" weightage="20" keywordseo="BFSI" source="keywords">BFSI</keyword> companies. LIC's stock has gained nearly 79% from Rs 620 on June 18, 2023, to Rs 1,109.15 at the closing on Tuesday, according to stock exchange data. In contrast, HDFC Life gave a negative return with Tuesday's closing price of Rs 646.55 on the BSE as compared to Rs 666.55 a year back. ICICI Prudential Life Insurance Co delivered a return of 12%, considering its stock price rise from Rs 582 on June 18, 2023, to Rs 654.10 on June 16, 2024. Over the past one year, <keyword id="19898108" type="General" weightage="20" keywordseo="SBI" source="keywords">SBI</keyword> Life Insurance shares have risen from Rs 1,314 to Rs 1,621.20, delivering a return of 23%. Capital market analysts said <keyword id="19935977" type="General" weightage="20" keywordseo="insurance-companies" source="keywords">insurance companies</keyword> make money in two ways - charging premiums for policies and then investing the premiums into assets. It is the latter that generates the bigger delta in profits, thus impacting value creation and managing risks. Global majors, including Warren Buffet-owned Berkshire Hathaway, have been successful due to their ability to make superior investments. Most Indian insurance companies are yet to capitalise on the emergence of the country's <keyword id="19997284" type="General" weightage="100" keywordseo="infrastructure-sector" source="keywords">infrastructure sector</keyword>, analysts said. Indian insurance companies have concentrated investments in the BFSI, IT, and consumer sectors - all of which have been underperformers in the recent past. Only 8-10% of their investments are in the infrastructure sector. This is far less when compared to global standards. Large global insurance companies -- such as Allianz, Nippon Life Insurance, and Metlife, and other insurers like Berkshire Hathaway -- have much larger exposure ranging from 15 to 30% to the infrastructure sector, analysts noted. Over the past few years, global insurers have been increasingly considering infrastructure investments as 'core' investments as the stable and long-term cash flows of infrastructure assets naturally align with the liabilities of insurers. Additionally, infrastructure assets have defensive characteristics of high barriers to entry, strong pricing power, structural growth, and predictive cash flows, and listed infrastructure can provide investors with inflation-protected income and solid capital growth. <h2>Infra sector outperforming all</h2>For India, a strong government focus on the sector with large spending, supporting initiatives and encouraging policies, and improving governance has helped the infrastructure industry has come of age. This has helped the infra sector to outperform all other sectors, according to analysts. They said the high focus on retail loans, and the strategic reluctance to look at infrastructure for growth opportunities is proving detrimental for the shareholders of such companies. SBI, with its higher exposure to the infrastructure sector, has seen its stock gain 48% in the year (from Rs 592 to Rs 880.95 on Tuesday), while those of its private counterparts HDFC Bank, Kotak Mahindra Bank, ICICI Bank and Axis Bank have gained only in the range of (-)3%to 24%. Kotak and HDFC Banks with negligible exposure to the infrastructure sector are the worst performing, with their shares giving a negative return, stock exchange data showed. Kotak Mahindra Bank shares were at Rs 1,895 on June 18, 2023, and closed at Rs 1,805.20 on Tuesday. HDFC Bank closed at Rs 1,619.20 on BSE on Tuesday, down from Rs 1,679 a year back.

Exposure to India's infra sector helps LIC, SBI outshine peers

A significant percentage of companies in <keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword> believe the advent of 5G will herald a transformative era in the world of work, unlocking a wealth of opportunities for India's tech talent pool, says a report. According to the report by staffing company <keyword id="6381892" type="General" weightage="80" keywordseo="teamlease-services" source="Orion">TeamLease Services</keyword>, over 80 per cent of respondents believe that IT and banking and <keyword id="6354241" type="General" weightage="50" keywordseo="financial-services" source="Orion">Financial Services</keyword> will benefit from the 5G technology in terms of job creation and upskilling. The report titled "India's 5G rollout: Revolutionising the People Supply Chain" is based on responses of over 247 companies on the impact of 5G on the ecosystem and employment generation. "With substantial investments, such as the PLI scheme allocating Rs 12,000 crore to the telecom sector, with approximately 25 per cent dedicated to creating new jobs, we are poised for a positive outlook on job creation and upskilling," TeamLease Services CEO - Staffing, Kartik <keyword id="6386349" type="General" weightage="80" keywordseo="narayan" source="Orion">Narayan</keyword> said. This will boost confidence to harness the potential of 5G, creating unprecedented job opportunities, driving innovation and shaping a transformative future, he added. The adoption of 5G will have significant impact on industries such as <keyword id="6356925" type="General" weightage="50" keywordseo="bfsi" source="Orion">BFSI</keyword> (60 per cent), education (48 per cent), gaming (48 per cent) and retail and e-commerce (46 per cent), the report said. On a year-on-year basis, 46 per cent of participants anticipate job creation ranging from 61 per cent to 80 per cent within the first year of 5G implementation. "Telecommunications companies embracing 5G solutions present a promising growth opportunity. As telcos leverage the potential of 5G in network upgradation, migration, IoT/IIoT, mobility, network infrastructure, and network security, we anticipate increased hiring for specialised roles," Narayan said. This advancement creates new opportunities and drives demand for roles such as technical content writers, networking engineers, AI/ML professionals, UX designers, cloud computing engineers, cybersecurity specialists, data science and analytical experts and more, he added. The report, however, noted that the telecom industry is facing a considerable demand-supply gap of 28 per cent, which emphasises the urgent need for comprehensive upskilling and reskilling initiatives. Encouragingly, 88 per cent of employees expressed a preference for upskilling, indicating a strong desire to enhance their existing skill sets, the report said. Additionally, 11.2 per cent of employees showed a preference for reskilling, presenting significant opportunities in the job market for fresh talent, it added. The report also highlighted the impact of 5G on job creation over the next few years, with 41 per cent of respondents expecting an impact of more than 80 per cent on job creation over the next three years of 5G rollout. According to Narayan the impending 5G rollout is expected to lead to an 80 per cent increase in tech-related jobs. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/ev-stocks-on-the-radar-these-five-rode-the-electric-vehicle-rally-in-the-last-year/slidelist/101011986.cms">EV stocks on the radar – These five rode the electric vehicle rally in the last year</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/google-bard-cool-things-you-can-do-with-the-ai-chatbot/articleshow/101012445.cms">Google Bard: Cool things you can do with the AI chatbot</a>

5G adoption to unlock wealth of opportunities for India's tech talent pool: TeamLease

About seven in 10 (71 per cent) professionals in <keyword id="3658" type="General" weightage="20" keywordseo="india" source="Orion">India</keyword> are confident about keeping their jobs in 2023 despite the rough macroeconomic conditions and global layoffs, a report showed on Monday. There is a stark difference in the confidence levels of freshers and entry-level professionals and the ones with more than six years of experience. While 63 per cent of professionals with 0-3 years of experience are confident about retaining their job, this number jumps up to 83 per cent for professionals with more than six years of experience, according to the report by edtech company <keyword id="6559242" type="General" weightage="80" keywordseo="great-learning" source="Orion">Great Learning</keyword>. "With a tighter job market in 2023, skill development will be as critical as ever. The increase in intent to upskill in 2023 among professionals is expected given how rapidly technology and business practices are evolving," said <keyword id="7634970" type="General" weightage="80" keywordseo="hari-krishnan-nair" source="Orion">Hari Krishnan Nair</keyword>, Co-Founder of Great Learning. In 2022, 79 per cent of professionals were planning to upskill, while in 2023, that number has risen to 83 per cent. The highest proportion of the workforce, who plan to upskill, are from <keyword id="16486077" type="General" weightage="20" keywordseo="it/tech" source="Orion">IT/Tech</keyword> and <keyword id="6356925" type="General" weightage="80" keywordseo="bfsi" source="Orion">BFSI</keyword> sectors, followed by education/training, manufacturing, and the automobile industry. Indians are primarily looking to upskill in software development, data science and analytics, <keyword id="50691" type="General" weightage="80" keywordseo="digital" source="Orion">digital</keyword> marketing, management, and <keyword id="7161942" type="General" weightage="20" keywordseo="ai/ml" source="Orion">AI/ML</keyword> domains, said the report. "In 2023, the primary motivation for Indians to upskill is career growth within their current organisation. This is followed by personal interest and the expectation of new job opportunities as a result of upgraded skills," it added. In general, more male professionals enrolled in upskilling programs in 2022, but the gap in representation becomes more pronounced at higher levels of work experience. This is even lower than the general industry trend for female representation at senior positions, the report mentioned. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/news/world-radio-day-just-tune-in-radios-charm-persists-on-simplicity-accessibility/articleshow/97857807.cms">World Radio Day: Just tune in, radio's charm persists on simplicity, accessibility</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/adani-group-stock-prices-fall-on-monday-after-moodys-cuts-outlook/articleshow/97855581.cms">Adani Group stocks battered on Monday after Moody’s cuts outlook for four companies</a>

71% Indian professionals confident to retain jobs in 2023 despite global layoffs

The present <keyword id="6354680" type="General" weightage="20" keywordseo="Credit" source="Orion">credit</keyword> growth is far away from being considered "exuberant" and there is no "big gap" between the credit growth and deposit accretion when looked at the absolute numbers, <keyword id="30067" type="General" weightage="100" keywordseo="rbi" source="Orion">RBI</keyword> Governor <keyword id="6359111" type="General" weightage="80" keywordseo="shaktikanta-das" source="Orion">Shaktikanta Das</keyword> said on Wednesday. "I think the credit growth at the current point is certainly far far away from exuberance or something like that. It is definitely very, very steady. We are monitoring it very very carefully," Das said while speaking at the <keyword id="6356925" type="General" weightage="20" keywordseo="BFSI" source="Orion">BFSI</keyword> Summit organised by Business Standard. When one compares the credit growth and deposit growth, it seems like a wide gap because of the base effects, Das said, adding that the credit growth is going up after two years of being depressed, while deposit growth number has come off a relatively higher growth during the pandemic years. "Just as the credit growth looks very high because of the low base effect of the previous years, the deposit growth is also pretty low because of the base effects of the previous years," he said. For the fortnight ending December 2, the system reported a credit growth of 17.5 per cent while the deposit growth has been trailing at 9.9 per cent. Das said in absolute terms, the credit expansion for the year to December 2 had come at Rs 19 lakh crore, while the deposit growth was Rs 17.5 lakh crore, which makes it clear that there is no "big gap" in the number. He said the credit growth, apart from being driven by base effects, is also indicative of the underlying fundamentals of the economy. Das acknowledged that he does get asked about deposits not growing, while credit is growing and if we are heading for an unsustainable situation and added that the answer to these concerns is in deposits growing to sustain credit growth over the medium to long term. Replying to a question on the banking system being unfair to savers, Das said the <keyword id="45828" type="General" weightage="20" keywordseo="deposit-rates" source="Orion">deposit rates</keyword> in the system are already moving up and he expects them to move up further. He said while the lending rates have moved up by 1.17 per cent, the deposit rates have gone up by 1.50 per cent in the system. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/airtel-dabur-delhivery-among-stocks-to-watch-out-for-on-wednesday/articleshow/96387096.cms">Sensex, Nifty50 open higher amid mixed cues in US and Asian markets – Airtel, Dabur, Delhivery among stocks to watch out for</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/rbi-governor-das-on-history-major-taunt-was-messi-also-a-post-graduate-in-history/articleshow/96395995.cms">RBI Governor Das on 'history major' taunt: Was Messi also a post-graduate in history?</a>

Credit growth far away from being considered as 'exuberant', says RBI Governor Das

<ul><li>Space taken up by enterprises, when measured on a per seat basis, has grown by 3.2 times from FY2021 to FY2023, reaching an all-time high. </li><li>Since 2018, Bengaluru has consistently been at the forefront of the flexible office space market, commanding an average share of around 39%. </li><li>From FY2021 to FY2023, Bengaluru, Pune, Delhi NCR, and Mumbai emerged as the leading cities for large flexible office space deals. </li></ul>India's operational flexible office space (flex stock) is expected to double in size to reach 106 million sq ft over the next five years. Currently, the country's operational flex stock stands at 53 million sq ft, spread across the top seven cities, providing about 839,250 <keyword id="42492" type="General" weightage="20" keywordseo="seats" source="Orion">seats</keyword>. This translates to an overall <keyword id="6773950" type="General" weightage="20" keywordseo="office-stock" source="Orion">office stock</keyword> penetration level of about 4.7%, according to a report by real estate services firm JLL, and managed and <keyword id="12685716" type="General" weightage="20" keywordseo="flex-space" source="Orion">flex space</keyword> provider Smartworks. Enterprises across scales, and industry segments are increasingly incorporating flexible office spaces into their portfolios. The space taken up by enterprises, when measured on a per-seat basis, has grown by 3.2 times from FY2021 to FY2023, reaching an all-time high. Additionally, the enterprise seat uptake in FY2023 has surpassed the combined numbers from FY2021 and FY2022, indicating a significant rise in demand for flexible office solutions. Among the top cities, Bengaluru, Pune, and Delhi NCR have emerged as the three dominant markets in the past three financial years, jointly accounting for around 60% of all enterprise seats taken up during that period. <cmsannotation type="cmsannotation" annotationid="Start-ups make a beeline for flex space" comment="subhead" text="Start-ups make a beeline for flex space">Start-ups make a beeline for flex space</cmsannotation> Between FY2021 and FY2023, Indian start-ups have shown a significant increase in leasing flexible office spaces, second only to the technology sector. Their share has surged to a noteworthy 31% in FY2023, making it the second-highest for the past two financial years. The start-up ecosystem in India is increasingly adopting flexible office solutions as these offer the perfect balance of cost-effectiveness, convenient locations, and flexible lease terms, while also creating modern and flagship workplaces for their employees. Start-ups from diverse sectors, including manufacturing/industrial, banking, financial services &amp; insurance (BFSI), and consulting, are now embracing flexible office formats in a big way. <cmsannotation type="cmsannotation" annotationid="Bengaluru on top, while Pune and Hyderabad surpass Mumbai" comment="subhead" text="Bengaluru on top, while Pune and Hyderabad surpass Mumbai">Bengaluru on top, while Pune and Hyderabad surpass Mumbai</cmsannotation> Since 2018, Bengaluru has consistently been at the forefront of the flexible office space market, commanding an average share of around 39%. Following closely is Delhi NCR with an average share of approximately 17%. In the same period, Hyderabad and Pune have surpassed Mumbai to become the cities with the next highest flex stock among the top 7 cities. Pune experienced the highest compounded annual growth rate (CAGR) of 49% since 2018, closely followed by Hyderabad at 40%. Chennai and Delhi NCR also demonstrated substantial growth with a CAGR of 30% each during the same period. These figures highlight the shifting dynamics in the flexible office space sector, with certain cities witnessing significant expansion and increased adoption of flexible workspace solutions. <cmsannotation type="cmsannotation" annotationid="Large flex spaces with over 500 seats most in demand" comment="subhead" text="Large flex spaces with over 500 seats most in demand">Large flex spaces with over 500 seats most in demand</cmsannotation> In the period from FY2021 to FY2023, Bengaluru, Pune, Delhi NCR, and Mumbai emerged as the leading cities for large flexible office space deals, with a combined share of 75-80% for deals comprising more than 500 seats. The demand for larger, managed solutions from large enterprises is evident, as enterprise deals with over 500 seats hold the highest share among all deal size segments. On the other hand, for smaller deal sizes of less than 100 seats, Delhi NCR and Chennai dominated the market, capturing a combined share of 55-60% during the same period. This trend indicates that smaller businesses or organisations prefer flexible office space solutions tailored to their specific needs. <cmsannotation type="cmsannotation" annotationid="Flex space demand across deal sizes" comment="subhead" text="Flex space demand across deal sizes">Flex space demand across deal sizes</cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Deal Size </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">&lt;100 seats </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">100-200 seats </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">201-300 seats </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">301-500 seats </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">&gt;500 seats </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q1 FY 2023, Total seats leased 139,000 plus </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">13.1% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">20.4% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">13.3% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">16.9% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">36.4% </td></tr></tbody></table> Source: JLL- Smartworks report

You Searched For "BFSI stocks" and got 6 results

India's strong economic recovery is led by fiscal expenditure: DSP MF

ANI

Exposure to India's infra sector helps LIC, SBI outshine peers

PTI

5G adoption to unlock wealth of opportunities for India's tech talent pool: TeamLease

PTI

71% Indian professionals confident to retain jobs in 2023 despite global layoffs

IANS

Credit growth far away from being considered as 'exuberant', says RBI Governor Das

PTI

Start-ups account for almost ⅓ flex place adoption, second only to technology sector

Anagh Pal

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