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A wily banker in the mid-1800s made it a point to gain knowledge of political instabilities in Europe and thereby predicted the market. During his time, Sir Henry Furnese became successful and infamous for his corrupt practices. However, his deals were recorded by Richard Millar Devens as “a train of business intelligence”. You would ask why? The idea and the concept of using <keyword id="6355729" type="ORGANIZATION" weightage="20" keywordseo="data">data</keyword> to gain an advantage over competition, is still in vogue and gaining ground. It has travelled from using data on computers, to floppy disks (where data could travel), to the internet and the cloud. Currently, the BI as it is now called, uses AI and ML to make the reams of data and make it available to decision makers who no longer need to depend on instinct alone. Today, small and large businesses use BI across a variety of uses - be it to predict what and when an e-commerce customer will buy next, to where elephants are roaming in a national park to ‘visualize’ the health status of a patient and much more. The importance of BI, as businesses are digitizing their operations. BI has evolved from hardware to a network to application to <keyword id="6359249" type="UNKNOWN" weightage="20" keywordseo="Analytics">analytics</keyword> and finally intelligent systems, that are assisted by AI. Currently, we are between the application and analytics stage, In spite of the endless promise, a number of BI adoptions have not produced the desired results. This reflects more about the way most traditional businesses work, rather than the <keyword id="6355118" type="UNKNOWN" weightage="20" keywordseo="technology">technology</keyword> itself, since most departments within a company refuse to share data, that creates silos, which breaks the philosophy of BI to - democratize data. The IT departments become proprietary owners of data. To break these walls, the technology too evolved from technical BI to self-service BI wherein sales teams, product development teams, marketing teams access BI for their daily decision making. The objective of self-service BI is to provide rights to data usage along with responsibilities. However, in reality, organizations need to train their staff adequately for this to be successful. When this is achieved, it would be easier to collect data from sources all across the organization as well. The ultimate goal is to enable end-user BI wherein every user can access BI without having to go through an engineering team. “The trends in BI that point to end user BI are Auto Narratives where insights/outcomes are delivered in natural language; BI Bots where users can ask and receive insights from specialized bots; mobile analytics – which can provide insights all day, all year; Collaborative BI where users collaborate on BI platforms to gain insights; and Data governance which ensure data data quality for unstructured data,” informed Abhishek Rungta, Founder and CEO of <keyword id="2938697" type="COMPANY" weightage="20" keywordseo="IndusNet-Technologies">Indusnet Technologies</keyword>. The business of intelligence The magic word that has made BI even more intelligent is AI. The confluence of both technologies is where computer intelligence meets business decision making. It is very important for companies to move and use data. “In most cases, 70% of data is never used by companies. There are riches in niches, and data can help you explore those niches or hidden gems within the company in different contexts.” Added Abhishek Rungta The key to achieving this at an organizational level is to automate the entire process of data gathering to prepare models and insights and the operational part. This is achieved by augmented intelligence where the functionality is added to the platform, to create what is now being called a ‘data story’. The ‘data story’ needs to make immediate sense. <keyword id="2220047" type="COMPANY" weightage="20" keywordseo="Indus-Net-Technologies">Indus Net Technologies</keyword> is focusing on predictive analytics, which uses data mining, modeling, and machine learning to determine the probability of future outcomes. With these <a href="https://www.indusnet.co.in/how-analytics-is-helping-insurance-companies-in-detecting-claim-frauds/?utm_source=prnewswire.com&amp;utm_medium=paid&amp;utm_campaign=press-release">predictive analytics</a>, healthcare companies are able to deliver personalised healthcare, with focus on individual patients and a greater understanding of trends for larger cohorts.The applications here extend to the financial world too, with banks having greater outlook in designing market specific products, where business performance is predicted to a high degree of accuracy, while delivering a keener understanding of risks involved and preventing fraud. <keyword id="6372399" type="PERSON" weightage="20" keywordseo="mckinsey">McKinsey</keyword>, in their Insurance 2030 report predicts that by <a href="https://www.mckinsey.com/industries/financial-services/our-insights/rewriting-the-rules-digital-and-ai-powered-underwriting-in-life-insurance">In 2030, underwriting as we know it today ceases to exist</a> with a majority of underwriting being automated owing to intelligence. AI and BI can come together to build a truly intelligent business where all its processes are guided data and its management. Apart from capturing data, analyzing it and help create decision making models and empowering employees with data, it can go many steps further. For one, the systems can be taught to ‘learn’ decision making via machine learning and lead to assisted intelligence that can shift the direction of a business and how it successful it can be. DISCLAIMER: This is a sponsored article in partnership with Indus Net Technologies.

Business Intelligence: How far and deep can it go to change the way organisations work?

<ul><li>India’s benchmark indices <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> and <keyword id="2931774" type="General" weightage="20" keywordseo="nifty50" source="Orion">Nifty50</keyword> were marginally up in the first half of trading on Tuesday amidst volatility. </li><li>IT, auto and FMCG indices were amongst the top gainers in the first half, while realty, healthcare and pharma indices were the top drags. </li><li><keyword id="44883" type="General" weightage="80" keywordseo="maruti-suzuki" source="Orion">Maruti Suzuki</keyword>, <keyword id="6355975" type="General" weightage="80" keywordseo="axis-bank" source="Orion">Axis Bank</keyword>, <keyword id="830092" type="General" weightage="100" keywordseo="zomato" source="Orion">Zomato</keyword> are amongst stocks in focus on Tuesday. </li></ul>India’s benchmark indices Sensex and Nifty50 were marginally up in the first half of trading on Tuesday amidst volatility. IT, auto and FMCG indices were amongst the top gainers in the first half, while realty, healthcare and pharma indices were the top drags. Earlier on Tuesday, Indian markets snapped a two-day losing streak and closed the day in the green, with Sensex gaining 0.53% to close at 60,942 while Nifty50 ended up 0.50% at 18,119 points. While foreign institutional investors (FII) were net sellers on Monday with withdrawals of ₹220 crore, domestic institutional investors (DII) supported the markets with purchases of ₹435 crore. Markets around the world maintained a positive sentiment, but experts believe the domestic markets will witness a range-bound movement in the run up to the budget. Here are the top gainers and losers on the Nifty50 index <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top gainers </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top losers </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.86% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Axis Bank </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-2.54% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adani Enterprises </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.83% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Power Grid Corp </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.29% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Asian Paints </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.49% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bharti Airtel </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.13% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Technologies </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.44% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JSW Steel </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.00% </td></tr><tr><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC Bank </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.06% </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dr. Reddy's Laboratories </td><td style="border-left:solid #000000 0.6000000000000001pt;border-right:solid #000000 0.6000000000000001pt;border-bottom:solid #000000 0.6000000000000001pt;border-top:solid #000000 0.6000000000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-0.87% </td></tr></tbody></table> Source: NSE, as at 11:15 a.m., January 24, 2023 <cmsannotation type="cmsannotation" annotationid="US markets continue to gain driven by earnings enthusiasm" comment="subhead" text="US markets continue to gain driven by earnings enthusiasm">US markets continue to gain driven by earnings enthusiasm</cmsannotation> Markets in the US continued to gain momentum on the back of a renewed enthusiasm with the earnings season underway. All the three benchmark indices in the US closed in the green on Monday. The Dow Jones Industrial Average gained 0.76%, while the S&amp;P 500 gained 1.19%. The tech-heavy Nasdaq gained 2.01%. Most Asian markets were closed on account of holidays, but Nikkei 225 was up 1.59% on Tuesday. <cmsannotation type="cmsannotation" annotationid="Stocks to watch" comment="subhead" text="Stocks to watch"><keyword id="73648" type="General" weightage="20" keywordseo="stocks-to-watch" source="Orion">Stocks to watch</keyword></cmsannotation> Axis Bank: The private sector lender beat analyst expectations with a 62% YoY rise in net profit to ₹5,853 crore, while its net interest income rose 32% YoY to ₹11,459 crore. Zomato: The food delivery startup has reportedly ended its 10-minute delivery service. Maruti Suzuki: India’s leading car maker is scheduled to announce its Q3 earnings today. Vedanta: The company’s board of directors will meet on January 27 to consider and approve the fourth interim dividend for FY23. Earnings today: Maruti Suzuki, TVS Motor, Indus Towers, SBI Cards and Payment Services, United Spirits, Macrotech Developers, Nazara Technologies, Tata Coffee, Motilal Oswal Financial Services, CarTrade Tech, among others. SEE ALSO: <a href="https://www.businessinsider.in/finance/banks/news/axis-bank-q3-net-profit-grows-62-yoy-to-5853-crore-beats-expectations-even-as-provisions-and-slippages-rise/articleshow/97254942.cms">Axis Bank Q3 net profit grows 62% YoY to ₹5,853 crore, beats expectations even as provisions and slippages rise</a> <a href="https://www.businessinsider.in/business/corporates/news/amazon-launches-dedicated-air-cargo-service-for-faster-deliveries-in-india/articleshow/97246478.cms">Amazon launches dedicated air cargo service for faster deliveries in India</a> <a href="https://www.businessinsider.in/business/corporates/news/rils-q3-net-profit-stays-flat-at-15792-crore-retail-and-jio-deliver-while-o2c-drags-due-to-weak-demand/articleshow/97179878.cms">RIL’s Q3 net profit stays flat at ₹15,792 crore – retail and Jio deliver, while O2C drags due to weak demand</a>

Sensex, Nifty50 marginally up amid volatility – IT, auto and FMCG indices among top gainers

<ul><li>India’s benchmark indices <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> and <keyword id="2931774" type="General" weightage="20" keywordseo="nifty50" source="Orion">Nifty50</keyword> edged lower in morning trade on Wednesday amid negative global cues and weak earnings in the US. </li><li>Banking and metal stocks declined while IT stocks edged up. </li><li>Both the indices were down 0.1% – while Sensex fell 83 points to 60,051, Nifty50 fell 32 points to 17,738.</li></ul>India’s benchmark indices Sensex and Nifty50 edged lower in morning trade on Wednesday amid negative global cues and weak earnings in the US. Banking and metal stocks declined while IT stocks edged up. Both the indices were down 0.1% in morning trade – while Sensex fell 83 points to 60,051, Nifty50 fell 32 points to 17,738. Top gainers and losers on Nifty50 <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top gainers </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top losers </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Eicher Motors </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.52% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hindalco Industries </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.61% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Adani Enterprises </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.43% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JSW Steel </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.45% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Power Grid </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.07% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NTPC </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-0.85% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC Life </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.76% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Coal India </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-0.83% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TCS </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.69% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kotak Mahindra Bank </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-0.71% </td></tr></tbody></table> Source: NSE, as on April 26, 2023 Earlier on Tuesday, markets extended their gains to the fourth consecutive day, edging up by a little over 0.1%. Gold prices edged up to cross the ₹60,000 per 10 grams mark once again, while silver prices softened to below ₹75,000 per kilogram. Crude oil prices remained stable, with Brent crude oil hovering around the $81 per barrel mark on Wednesday morning. <cmsannotation type="cmsannotation" annotationid="US markets tumble on weak earnings" comment="subhead" text="US markets tumble on weak earnings">US markets tumble on weak earnings</cmsannotation> Markets in the US tumbled to post their largest single day decline on Tuesday amid weak earnings reigniting concerns of an economic slowdown. While Dow Jones declined 1%, S&amp;P 500 fell nearly 1.6%. The tech-heavy Nasdaq witnessed a decline of nearly 2%. Causing concerns was a weak earnings forecast by United Parcel Service (UPS), while First Republic Bank’s shares fell nearly 50% amid plunging deposits leading to jitters about the health of the US banking sector. Markets in Asia were also largely negative on Wednesday morning reflecting the concerns in the US. Nikkei 225 fell the most at 0.53%, followed by Taiwan Weighted, KOSPI and Shanghai Composite which were down by 0.2%. On the other hand, the Hang Seng index rose 0.43%. <cmsannotation type="cmsannotation" annotationid="Stocks to watch" comment="subhead" text="Stocks to watch"><keyword id="73648" type="General" weightage="20" keywordseo="stocks-to-watch" source="Orion">Stocks to watch</keyword></cmsannotation> Bajaj Auto: The automaker’s Q4 standalone net profit fell to ₹1,433 crore, down by nearly 2% YoY. Rising input costs and shrinking exports ate into the two-wheeler maker's volumes as well as bottomline, even as the company’s topline expanded by 12% to ₹8,905 crore during the quarter. Tata Consumer Products: The FMCG player reported a 21% rise in consolidated net profit at ₹289 crore in March quarter while its revenue from operations rose 14% to ₹3,618 crore during the same period. Maruti Suzuki: The largest Indian automobile manufacturer has upgraded its entire range of vehicles to meet the BS6 emission norms including hatchbacks, sedans, SUVs, MPVs and commercial vehicles. HDFC AMC: The mutual fund company’s net profit for Q4 rose 9% to ₹376 crore from ₹343 crore last year while its total income grew by 10% to ₹637 crore. Zomato: The food delivery platform has signed an agreement with Zypp Electric, an EV startup for the delivery of 1 lakh e-scooters by 2024. This association is a part of Zomato’s plan to go completely electric by 2030. Earnings today: Bajaj Finance, Maruti Suzuki, HDFC Life, SBI Life, Union Bank of India, Indus Towers, Voltas, Biocon, L&amp;t Technology Services and Oracle Financial will report their March quarter and FY23 earnings today. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/personal-finance/news/what-type-of-documents-require-for-the-return-filing-in-fy-2022-23/articleshow/99764857.cms">Your comprehensive document checklist for income tax return filing</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/bajaj-auto-q4-net-profit-falls-2-yoy-to-1433-crore/articleshow/99766398.cms">Bajaj Auto Q4 net profit falls 2% YoY to ₹1,433 crore</a>

Sensex, Nifty50 edge lower in morning trade as banking and metal stocks decline

<ul><li>The <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> closed 463 points or 0.76% higher at 61,112 while the <keyword id="2931774" type="General" weightage="20" keywordseo="nifty50" source="Orion">Nifty50</keyword> ended 149.9 points or 0.84% higher at 18,065.</li><li>Investors are currently monitoring corporate earnings along with the latest pattern of foreign investments in Indian stocks.</li><li>Besides, FIIs have been buying aggressively since the last few sessions, acquiring ₹1,652 crore worth equities on April 27 and ₹1,257 crore on April 26.</li><li>On the Nifty50, Adani Enterprises, Adani Ports &amp; SEZ, Nestle India, Wipro and Britannia Industries were the top five gainers.</li></ul>Indian markets ended higher after a choppy session on Friday led by gains in public-sector banks, information technology and fast-moving consumer goods (FMCG) companies Investors are currently monitoring corporate earnings along with the latest pattern of foreign institutional investments (FII) in Indian stocks. Besides, the market is awaiting the US Fed monetary policy outcome next week. Analysts say a 25-basis-point (bps) rate hike has already been factored in. The Sensex closed 463 points or 0.76% higher at 61,112 while the Nifty50 ended 149.9 points or 0.84% higher at 18,065. In April, Sensex and Nifty ran up nearly 4% each amid release of March quarter corporate earnings. “The Nifty opened lacklustre but started gaining strength during mid-market. It witnessed a sharp jump in the last 30 minutes to cross the 18k mark…Domestic equities are continuously gaining strength for the last five days supported by healthy Q4 earnings, declining VIX and FIIs turning positive,” said Siddhartha Khemka, head - retail research at Motilal Oswal Financial Services. The volatility index India VIX closed 4.29% lower at 10.94 points. It’s a measure of market volatility expected in the near term. Strong buying was also seen in the broader market with Midcap 100 up 1.24% and Smallcap 100 up 0.83%. All sectors ended in the green with PSU Bank (2.45%) and IT (1.29%) being <keyword id="2482669" type="General" weightage="20" keywordseo="top-gainers" source="Orion">top gainers</keyword>. Besides, FIIs have been buying aggressively since the past few sessions – scooping up ₹1,652 crore worth equities on April 27 and ₹1,257 crore on April 26. Analysts expect the positive market momentum to continue going ahead. On Monday, May 1, the stock market will remain closed on account of Maharashtra Day. “Nifty showed resilience despite global headwinds gaining over 4% in April - the best in 5 months and managing to close above the crucial 18,000 mark. We expect this momentum to continue and expect Nifty to head towards 18,200 zones. Next week will be crucial as US Fed and ECB (European Central Bank) policy meetings are lined – up, “ said Khemka. Apart from this, PMI (purchasing managers' index) data from US, China and India would also be keenly watched. On the domestic front, investors would continue to track Q4 results along with global cues and auto monthly sales data, added Khemka. On the Nifty50, Adani Enterprises, Adani Ports &amp; SEZ, Nestle India, Wipro and Britannia Industries were the top five gainers. Wipro ended 2.8% higher as the company announced a share buyback programme worth ₹12,000 crore on Thursday. The Indian IT major also posted a 0.6% sequential decline in constant currency revenues for the March quarter. However, the next quarter could be worse as it guided for a 1-3% sequential decline in its IT services revenues to $2.75-$2.81 billion. Meanwhile, Axis Bank, Titan, Oil and Natural Gas Corporation (ONGC), JSW Steel and Cipla were among the <keyword id="2519297" type="General" weightage="20" keywordseo="top-losers" source="Orion">top losers</keyword> on the exchange. Shares of Axis Bank slipped more than 2% as the lender reported a net loss of ₹5,728 crore for the March quarter against a net profit of ₹4,417 crore a year ago due to a payout of ₹12,490 crore towards its acquisition of Citigroup’s India consumer business. Movement on Nifty500 index <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></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;">Top gainers </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;">% change </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;">Top losers </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;">% change </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;">Ceat </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;">11.54% </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;">MMTC </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;">-11.46% </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;">PI Industries </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;">10.15% </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;">Raymond </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;">-7.23% </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;">EIH </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;">9.83% </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;">Sanofi India </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;">-6.62% </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;">Polyplex Corporation </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;">7.51% </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;">Shriram Finance </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;">-5.18% </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;">Indus Towers </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;">6.87% </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;">Brightcom Group </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;">-5.08% </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: NSE The share price of Raymond fell steeply on Friday, a day after hitting an all-time high,as Godrej Consumer Products acquired the FMCG business of Raymond Consumer Care for ₹2,825 crore. With this, Raymond will primarily become a real estate company with investments in engineering and denim business. Meanwhile, global markets were trading higher on strong earnings posted by tech companies with Nasdaq up 2.43%, Dow Jones up 1.57% and S&amp;P 500 up 1.96%. Asian markets were on the rise too – Nikkei 225 rose 1.40%, Shanghai Composite gained 1.14%, Taiwan Weighted rose 1.09% and Hang Seng went up by 0.27%. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/wipro-says-it-services-revenue-could-decline-1-3-in-q1fy24-announces-buyback/articleshow/99809050.cms">Wipro says IT services revenue could decline 1-3% in Q1FY24, announces buyback</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/non-tech-companies-are-actively-recruiting-tech-talent-with-over-one-million-jobs/articleshow/99816472.cms">Over a million jobs await techies &amp; it’s not tech cos that are hiring them</a>

Indian markets end higher after a choppy session – PSU banks, IT, FMCG gain

According to Microsoft <keyword id="5645" type="POSITION" weightage="20" keywordseo="CEO">CEO</keyword> <keyword id="276564" type="PERSON" weightage="20" keywordseo="Satya-Nadella">Satya Nadella</keyword>, the current global situation can be divided into three phases -- the pre-Covid era, the lockdown and recovery. However, none of these phases are linear -- as new Covid-19 strains are emerging, a few countries are heading back to lockdown. Some others have started vaccinating. With many looming uncertainties, the year of 2021 would leave businesses in a state of upheaval. But many believe that it would pave the way for a better world ahead. The business leaders or <keyword id="609639" type="PERSON" weightage="20" keywordseo="CXOs">CXOs</keyword> will have to either keep up with the disruption or stay ahead in order to survive. Here are a few mantras that CXOs might have to include in their New Year resolution list this year. <cmsannotation type="cmsannotation" annotationid="CEOs" comment="subhead" text="CEOs">CEOs</cmsannotation> The <a href="https://twitter.com/TataCompanies/status/1341361177570361344?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1341361177570361344%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.businesstoday.in%2Fcurrent%2Fcorporate%2Fin-letter-to-tata-staff-chandrasekaran-says-thank-you-talks-of-opportunities-for-renewal%2Fstory%2F425707.html">Chairman of Tata Group N Chandrasekaran </a>extended the ownership and responsibility of the big changes with all his employees. As “rules are being rewritten”, he said, new opportunities are akin to a bridge. “But it is a special kind of bridge because we are not simply waiting to see what happens on the other side. Instead, we have a hand in building our own destination,” he said. <div type="twitter" handle="TataCompanies" handlename="Tata Group" image="http://pbs.twimg.com/profile_images/1289024769656905729/UQo4NKUK_normal.jpg" favoritecount="716" retweetcount="113" status="Message from our Chairman N. Chandrasekaran for the New Year 2021. #ThisIsTata https://t.co/OgFYNfxEJY" createdat="1608640400000" id="1341361177570361344"></div> Referred to as India’s corporate disruptor-in-chief, Anand Mahindra the chairman of Mahindra and Mahindra group of companies said that <a href="https://auto.economictimes.indiatimes.com/news/industry/mahindra-mahindra-set-for-a-reboot-and-how/77413794">Covid-19 gave them a unique opportunity</a> to reboot by winding up loss making businesses to focus on what can yield them benefits going ahead. Organizations like Dr Reddy’s Laboratories also seemed to have made up their mind to weave in volatility into their 2021 performance. “We believe FY2021 will have more uncertainties than ever before. Consequently, our overall performance may be quite volatile," Dr Reddy's Laboratories said in its <a href="https://www.business-standard.com/article/companies/performance-may-be-quite-volatile-in-fy21-due-to-coronavirus-dr-reddy-s-120070600492_1.html">latest annual report</a>. It seems like all the top leaders had embraced the upheaval that the pandemic has caused and turned 2021 into ‘the year of rebuilding’. To ensure that, the leadership has to brace for surprises, make agile plans and make room for the many uncertainties that are very likely to come. A few pointers that would help them in the way, would be: <ul><li>The first is to make agile plans that can be amended easily to weave in uncertainty.</li><li>The new year should be about making fresh plans and not just about building on existing structures.</li><li>The digital way of doing things should be woven into the framework. One such way would-be smart outsourcing right from marketing to advertising to hiring.</li><li>As the world shifts to the work-from-home mode, technology and security budgets should be expanded.</li><li>The top leadership should turn a little ‘hands-on’ to make more virtual appearances more often to motivate the remote workforce.</li></ul><cmsannotation type="cmsannotation" annotationid="CFOs" comment="subhead" text="CFOs">CFOs</cmsannotation> Srinivas Phatak, the head of finance of HUL adopted a “follow the money” strategy during the pandemic. “Gone are the days where you can think about an innovation in a timeframe of nine months. The new normal is nine weeks. And how well can we do it? These are the kind of things we'll have to get better at in 2021,” <a href="https://www.fm-magazine.com/news/2020/dec/hindustan-unilever-cfo-srinivas-phatak-indian-market-growth.html">he said</a>. The CFOs are also coining a new designation for themselves called ‘change agents’. “CFOs will have to bring new ideas on the table both within and outside their finance function,” said Rahul Malhotra, <a href="https://cfo.economictimes.indiatimes.com/news/empathy-should-be-on-top-of-cfos-mind-in-2021/80067564">finance chief of Integreon</a>. Some pointers for them would be: <ul><li>They would have to make structural changes to the finance function to support fast-paced transformation.</li><li>Since organizations need to move faster, they would have to have less baggage. That would mean leaner credit profiles with refinanced debt at bargained interest rates.</li><li>The inventory levels must also come down to keep pace with fast changing demand and supply dynamics.</li><li>CFOs must make way for higher R&amp;D budgets that would ensure innovation matches market speed.</li><li>The finances of a company would have to be much more transparent. It will come under constant review to gauge the success of the many launches and changes.</li><li>To support change at an organizational level, CFOs will have to ensure funds keep flowing in and that would require streamlining investments and divestments.</li></ul><cmsannotation type="cmsannotation" annotationid="COOs" comment="subhead" text="COOs">COOs</cmsannotation> COOs will have to bring technology and operations together, as organizations adopt digital modes of working. <ul><li>They need to play many roles including motivating the workforce, and re-building logistics for new products and projects.</li><li>This year, most companies would tighten budgets. Hence, COOs will have to increase operational efficiency by adopting analytics and other digital tools to lower costs.</li><li>They would have to build a ‘human connect’ while adopting automation to ensure employees accept digitization.</li><li>This is especially important as they would have to re-think hiring and maintain a skeleton structure that would align with changed cost dynamics in 2021.</li><li>They would also have to re-think physical assets like offices in the wake of a new normal.</li></ul><cmsannotation type="cmsannotation" annotationid="CIOs/CTOs" comment="subhead" text="CIOs/CTOs">CIOs/CTOs</cmsannotation> As remote working becomes the new normal, CIOs and CTOs should assume the new role as quasi-COOs who would ensure business continuity. Most CIOs are betting on managed services which can ensure that they can transition to the new role with extended responsibilities. "With the focus growing more on digital, leaning on managed services ensures that domain experts help you with the scaling as you focus on your core competency," said Radhakrishna Pillai, CIO of SRL Ltd. <ul><li>They should drive change in communication strategies to ensure remote working does not affect productivity.</li><li>They will have to drive creation of new products and assets with insights from big data, smart data and analytics.</li><li>The data sets themselves could be converted into products that can bring in revenue.</li><li>They will also play an active role in innovation as organizations tilt towards cloud-first and digital-first strategies.</li><li>Managed services, with providers like <a href="http://bit.ly/INTBI1">INT. (Indus Net Technologies)</a> ensure uptime guarantee, proactive support and SLA driven response and resolution.</li><li>If digital is the game, Infrastructure as a Service (IaaS) is the new domain.</li></ul><cmsannotation type="cmsannotation" annotationid="CMOs" comment="subhead" text="CMOs">CMOs</cmsannotation> In 2021, CMOs will drive sales electronically where consumers have no sense of ‘touch and feel’. They would have to beef up virtual experiences and make selling ‘smarter’. And all this while building a deeper emotional connect with the consumer. “With a digital-first mindset, there’s a good opportunity to be smarter about using data to make sure that our touchpoints with customers are intentional, mindful, and impactful. For marketers, smart use of data and AI delivers personalization, and personalization drives growth,” said Stephanie Buscemi, the global CMO of Salesforce. <ul><li>For long, customers have been demanding customization and in 2021, it will only amplify. With the power of big data, it is now possible to divide customer pools into thinner and thinner segments for relevant offerings.</li><li>Micro-segmentation can help identify new needs and improve return on investments for digital advertising.</li><li>But perhaps, CMOs shouldn’t miss the woods for the trees. INT ensures that micro-segmentation is a part of the integrated digital marketing. It devises end-to-end strategies using the right tools and a process in the right order for the best outcome.</li><li>Outsourcing key marketing functions to match the speed of product innovation and shorter product-to-market cycles, will also increase as the world embraces the new normal.</li></ul>Disclaimer: This is a sponsored post in partnership with Indus Net Technologies.

21 things that CXOs might have to do differently in 2021

<ul><li>Sensex was trading 0.26% lower; while the Nifty slipped 25.80 points.</li><li>These were the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian benchmark stock index, Sensex dropped over 100 points in early trade on Monday tracking weak cues from global equities. Sensex was trading 0.26% lower; while the Nifty slipped 25.80 points. These were the top losers and gainers in the Nifty pack: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infratel </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">M&amp;M </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Axis Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UPL </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bharti Airtel </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ONGC </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Maruti Suzuki </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">GAIL </td></tr></tbody></table>*as of September 7, 10:10 am These are the top stocks that are buzzing in trade today Tata Motors DVR shares gains 8% The shares of Tata Motors DVR gained 8% after the promoter Tata Sons bought nearly 5.3 million of its DVR 'A' ordinary shares for ₹30 crore on Friday. According to the NSE bulk deal data, Tata Sons acquired 1.04% of its total paid-up equity at an average price of ₹56.02 per share. Vodafone Idea shares gain 7% Vodafone Idea shares jumped 7% ahead of the company's strategic announcement. <a href="https://economictimes.indiatimes.com/industry/telecom/telecom-news/vodafone-idea-may-relaunch-brand-identity-on-monday/articleshow/77965943.cms?from=mdr">Media reports </a>indicate that the company may announce a combined brand identity as presently; the organization has been advertising the two brands separately. Vodafone Idea’s board has also approved a fundraising plan on Friday to raise ₹25,000 crore. Bharti Infratel shares up over 4% Bharti Infratel shares gain for the third session in a row after the company received an approval from the board for Indus Tower merger. Repco Home Finance shares locked at 5% upper circuit The shares of Repco Home Finance locked in a 5% upper circuit post the robust Q1 earnings. The company reported a 3% jump in its net profit to ₹64 crore for the first quarter ended June 30. The company's overall loan book rose 6% to ₹11,979.5 crore as of June 2020. Future Retail shares locked in a 5% lower circuit The shares of Future Retail were locked in a 5% lower circuit post-fourth-quarter earnings. The company reported a consolidated net loss of ₹477.63 crore for the fourth quarter ended March 31. The revenue from operations plummeted 17.75% to ₹4,492.36 crore during the quarter. Maruti, Tata Motors, TVS, Hero MotoCorp and other auto stocks gain The announcement on the much-awaited vehicle scrappage policy by the road transport and highways minister Nitin Gadkari on Saturday has led to a rally in most auto stocks. The minister said the policy is in its final stages of approval and will be rolled out by the end of this month. M&amp;M shares lost 4% The shares of Mahindra and Mahindra lost 4% during the early trading hours on September 7 after the company entered into a share purchase agreement for further investment in Carnot Technologies. By this move, <a href="https://www.indiainfoline.com/article/news-sector-automobiles-ancillaries/m-m-enters-in-a-share-purchase-agreement-with-carnot-technologies-to-raise-holding-by-9-12-120090400789_1.html">M&amp;M plans to increase its stake by 9.12%</a> in Carnot with the transaction value being ₹12 crore. IndiGo and SpiceJet shares lost 2% The shares of India private airlines IndiGo and SpiceJet were trading 2% lower after the civil aviation regulator DGCA told the Supreme Court that the airlines should provide a full refund immediately for the tickets booked during the COVID-19 lockdown. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/happiest-minds-technologies-ipo-opens-today-grey-market-offering-over-60-premium/articleshow/77970729.cms" data-type="tilCustomLink">Happiest Minds Technologies IPO opens today — grey market offering over 60% premium</a> <a href="https://www.businessinsider.in/business/telecom/news/vodafone-ideas-big-strategic-announcement-how-to-watch-the-webcast/articleshow/77970433.cms" data-type="tilCustomLink">Vodafone Idea to make big strategic announcement today, share price jumps by 6%</a>

Top stock movers — Future Retail, Tata Motors DVR, Maruti, M&M, TVS, IndiGo, SpiceJet and more

There has been a great deal of media coverage about <keyword id="6355684" type="UNKNOWN" weightage="20" keywordseo="Blockchain">Blockchain</keyword> and its potential for impacting or indeed revolutionizing the financial markets. In this piece the applicability and potential for Blockchain and its associated technologies is looked at in specific relation to <keyword id="116445" type="COMPANY" weightage="20" keywordseo="Hedge-funds">Hedge Funds</keyword> and their supporting market players. 
 
The Mechanics 
 
Blockchain could be adopted on a selective basis to improve the efficiency of the current hedge fund market place in specific areas such as Stock Lending or Repo Financing. Additionally, there are widespread applications of Blockchain technology in asset classes dominated by manual processes which require multiple levels of verification and authorization e.g. Syndicated Loans or custom bi-lateral agreements such as Total Return Swaps. 
 
The use of Blockchain also has the scope to improve the transparency and audit trail for hedge fund financing e.g. locating best price from Executing Brokers, netting exposures, managing/tracking collateral with PBs and sweeping non- hypothecated assets to a Custodian bank. It is easy to imagine these transactions forming links within a Blockchain between permissioned counterparties, each transaction appending “blocks” in real time. 
 
Each counterparty having full and transparent access to these “chained” transactions would be automatically notified when an upcoming “event” (e.g. a Swap Reset, Corporate Action or Stock Recall) involves them or requires an action on their part. 
 
The Benefits 
 
In the Securities Lending market, pension funds could use Blockchain to attach digital tokens to their share inventories and hedge funds could bid for these tokens on a “pre-borrow” basis without having to go through the Prime Broker (who would be used more as a Credit counterparty/CCP standing between the hedge fund and the pension fund). Beneficial owners could even track each transaction involving their stock that is out on loan. 
 There is also scope to avoid a similar systemic crisis in the collateral market after the <keyword id="50209" type="CITY" weightage="20" keywordseo="Lehman-Brothers">Lehman Brothers</keyword> bankruptcy. For example, locating re-hypothecated collateral would become an order of magnitude easier since counterparties could refer to a Collateral or Financing “ledger” which would keep a real time record of all their collateral postings/re-hypothecations and even depot locations. 
 
Prime Brokerage 
 Prime Brokers would feel a beneficial impact in terms of a reduction in costs. For example, <keyword id="3666375" type="UNKNOWN" weightage="20" keywordseo="ubs-prime-brokerage">UBS Prime Brokerage</keyword> claims to have a return on assets twice as a high as some of its competitors by using technology (overall) to reduce its costs to serve hedge fund clients. But a widespread increase in the level of transparency and ease of connecting market participants could result in fee erosion. For example a Prime Broker running a Matched Book model (see graphic) could see a profitable trade reduced by over 70% due to being taken out of the stock loan component of the transaction. 
 
Access to the Repo and Institutional Money Market would still be facilitated by the Prime Broker as would “piggybacking” off the credit relationship between the respective counterparties via the PB Agreement and the Master Securities Lending Agreement (MSLA). But as shown, the gross profit and loss would still be severely impacted. 
 
Prime Brokers may morph into Prime “Contract Keepers” as technologies such as Blockchain increasingly dis-intermediate their role as a “broker”. Maybe they or a Custodian bank maintain the nexus of credit relationships that underpin the distributed ledger ... there is a future here for someone. That someone is more likely to be an established financial institution - given reputational and regulatory concerns - than a digital “disruptor”. 
 
(The article is authored by Bijesh Amin, Co-Founder, Indus Valley Partner)

How Hedge Fund managers can use blockchain to maximise benefits

India was the cradle of civilization, a riverine world that had its proud foundation in the Indus Valley. Indian culture is thus interwoven with water. The holy Ganges, the early dip, the bathing ritual---all early Hindu practices are water-shot. 
 
Yet the paradox is that the most fertile nation is today one of the most water-challenged countries in the world, “<a href="http://www.wri.org/blog/2015/02/3-maps-explain-india%E2%80%99s-growing-water-risks">from its deepest aquifers to its largest rivers</a>”. 
 
How much is too much? 
 A report by the <keyword id="6356505" type="ORGANIZATION" weightage="20" keywordseo="World-Resources-Institute">World Resources Institute</keyword> shows that more than 100 million people in India live in severely polluted areas. Out of 632 districts examined, only 59 districts had water safe enough to drink. The area that is the most severely polluted is Bagalkot, Karnataka. 
 
The statistics mock the country. While 54% of India’s total area faces the threat of water scarcity, almost 600 million people are not able to get enough. In a total population of 1.2 billion according to the 2011 census, India has just 1,000 cubic meters of water per person today, as against the US supply of nearly 8,000 cubic metres per person. Any country with less than 1,700 cubic meters per person per year is considered water-stressed. 
 
Even the most fertile region, which is the source of not only food but also her civilization and the Vedic culture, is the excessively high-stressed Northwest India, which produces 50 per cent of the national rice supply and 85 per cent of its wheat. This area is also called India’s “breadbasket.” But the 550 wells in Northwestern India face the danger of declining groundwater levels by 58 per cent. 
But why exactly, has this all happened? 
 
Why the <keyword id="6355836" type="UNKNOWN" weightage="20" keywordseo="water-crisis">water crisis</keyword>? 
 The reasons are obvious. Even as the population is expanding, water supply is reducing, with farmers over-extracting the resource. Especially after the Green Revolution, groundwater, rather than surface water, is being overused to irrigate crops. 
 
There is not enough investment in technology and infrastructure at all federal, state, and local levels. Due to lack of efficient planning, shooting corporate privatization, industrial and human pollution and finally corruption, the lifeline of a healthy community has been threatened, according to <a href="http://thewaterproject.org/water-in-crisis-india">The Water Project</a>. 
 
South, West and Central India, on the other hand, have a significantly lower water table than other regions. 
 
In Eastern India, the strange paradox of abundant groundwater, but lack of electricity, has made water inaccessible for irrigation. All over the country, faulty distribution of electricity has stressed out agricultural practices. 
 
When examined at a national level, it is clear that the groundwater levels come down continuously, as its 4,000 wells show a reduction of 54% of the water supply in the past seven years. Almost 16% of the water reduces by over 1 meter (3.2 feet) annually. 
 
Moreover, the groundwater is extremely polluted as chlorine, fluoride, iron, arsenic, nitrate, and/or electrical conductivity exceed the national standards. Most of the water in India is not even fit for drinking, and sometimes not even for bathing. The Clean Ganga campaign never proceeded beyond a launch in 1984, due to lack of maintenance of the facilities. 
 
Improving water supply? 
How do we increase water creation and storage, then? In the cities, a poor and leaky distribution network has led to large-scale leakage as well as “unaccounted water.” But with adequate pricing, and the use of private firms to streamline distribution, reliable water supply can be improved and pricing can be reduced, as in Dharwad. 
 
In rural areas, while recharging and harvesting water is important, such techniques have limited advantages. It is important to utilize water for local storage. In the long run, dams can be used, apart from full groundwater recharge, water harvesting, and recycling, in order to prevent it from getting lost in the oceans. 
 
However, two opposing viewpoints lock horns over the issue of dams. One section says that a worrying aspect of storage dams is its record of disturbing biodiversity and the environment, submerging and displacing people and disrupting their lifestyles, cultures, social support systems and emotional attachment to certain areas. Hence, instead of big dams, they advocate watershed development, involving leveling land and tapping rainwater in small ponds and check dams in streams, which can increase soil moisture, recharge groundwater, and facilitate a second crop. 
 
On the other hand, many heavy technology-oriented nation builders feel that storage dams cannot be neglected, considering the swelling population and the need to overcome the national crisis. They point out that while the population is expected to grow astronomically, the target increase of agriculture by 4% every year is essential to expand 140 million hectares (mh) of net cultivated area in India, even though only about 60 mh of land is irrigated today. 
 
Some new steps One optimistic feature of India’s water development is that certain issues have been addressed, at least. In India’s eleventh five-year plan (2007–12), according to The <keyword id="467755" type="ORGANIZATION" weightage="20" keywordseo="National-Bureau-of-Asian-Research">National Bureau of Asian Research</keyword> some 15 mh through watershed development, as well as NGO-led efforts have paved the way to the program’s success. 
 For example, <keyword id="57766" type="PERSON" weightage="20" keywordseo="Anna-Hazare">Anna Hazare</keyword> transformed Ralegan Siddhi village in Maharashtra through water harvesting and cooperation. Another NGO called <keyword id="290378" type="PERSON" weightage="20" keywordseo="Tarun-Bharat-Sangh">Tarun Bharat Sangh</keyword> brought about community-based development through water harvesting and management in Rajasthan. Even Gujarat built over 100,000 check dams, which are said to be the main reason for Gujarat’s 8%-plus growth rate of agricultural GDP. 
 
With a lot of focus on water management in the 12th Five-Year plan, there seems to be some attention being given to aquifer mapping, watershed development, reduction of pollution and treatment, and efficient management of irrigation. 
 
With sound partnership between the centre, state, municipal and private bodies, the water crisis can be blown over, point out the optimists. 
Can we then rise to the occasion and reach for the sodden skies and a fertile earth?

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How Hedge Fund managers can use blockchain to maximise benefits

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