Business Today 25 June 2023

In the slog overs of a hard-fought T20 cricket match, batters wanting to take the team to victory often step out of the crease aiming to score a big six. Two things can happen when the batter does this: either he connects well and gets that six, or in the process of hitting the shot is caught at the boundary or stumped by the wicketkeeper. It’s a gamble. Something similar is playing out in the business of cricket in India. Massive amounts of money are being pumped into what has become the country’s favourite sport, with team owners, media firms and advertisers all keen to get a share of the lucrative pie as viewers—both on television and digital—remain hooked to their screens to watch the game in its various formats.…

Mahindra Accelo is part of $30 bn Mahindra Group. Mahindra Group was formed in 1945 and its 1st business was steel trading and Mahindra Accelo has carried forward that legacy and today has transformed into a leading Mobility & Energy Component Company. Mahindra Accelo’s leads the decarbonization revolution by offering sustainable products and recycling vehicles to create resilient & sustainable world. Mahindra Accelo caters to Mobility & Energy segment. Mahindra Accelo as part of Mahindra Group has set an ambitious target to be carbon neutral by 2040 and is taking substantial strides towards achieving the same through product innovation & enhanced focus on developing sustainable products. Mobility segment - Accelo supplies high end and sustainable components to Electric Vehicles and automotive segment. Using advanced high strength steel, Accelo makes critical…

SOURCE WORLDPOPULATIONREVIEW.COM, NATIONAL HORTICULTURE BOARD, CMIE ECONOMIC OUTLOOK, TPCI, AGRIEXCHANGE.APEDA.GOV.IN ₹ 6,450 PER QUINTAL Average price of mangoes in FY23, 90 per cent higher than the price 10 years ago 30 PER CENT The rise in mango production in the past 10 years to 21.01 million tonnes in FY22 ₹ 307.76 CRORE Worth of mangoes India exported in FY22 to the top 10 destinations, compared with ₹264 crore a year ago…

RISE AND FALL AFTER SPIKING IN FY22, THE VALUE OF PLEDGED OR ENCUMBERED SHARES BY PROMOTERS SLID 16 PER CENT IN FY23 *At the end of the respective financial year on the NSE Source: ACE Equity GROWING PLEDGES OVER THE PAST FEW YEARS, THE TOP 50 COMPANIES BY MARKET CAP (AS ON MARCH 31 EACH YEAR) WITNESSED A SIGNIFICANT SURGE IN THE VALUE OF PLEDGED OR ENCUMBERED SHARES Bars indicate the values of pledged/encumbered shares at the end of the respective financial year on the NSE Source: ACE Equity LOW ON CONFIDENCE NEARLY 12 PER CENT OF COMPANIES THAT GOT LISTED SINCE FY18 HAVE PLEDGED OR ENCUMBERED SOME OF THEIR SHARES Top 10 newly listed firms with highest pledges; bars indicate share of promoter holding that is pledged/encumbered; data as…

▶ IT WAS A long time coming. Financial influencers, or ‘finfluencers’ in market parlance, had been under the scanner for a while. Government officials and regulatory bodies—across the globe—had thought long and hard on ways to regulate the actions of these individuals as some of them had assumed cult status with millions of followers on social media platforms. Besides, the regulators had to act fast to ensure that unsuspecting investors would not end up losing money because of biased or unfair advice or recommendations. Finally, capital markets regulator Securities and Exchange Board of India (Sebi), on May 25 sent a strong signal to finfluencers. It barred P.R. Sundar, a finfluencer with over a million followers on YouTube, from the securities markets for a year for allegedly providing advisory services—daily stock…

▶ IF YOUR PRODUCTS or services are not already ‘AI-powered’, maybe you missed the marketing memo. From jackets to toasters to water purifiers, lately everything is powered by AI. And why not, there are no regulations on what can be called ‘AI-powered’. Until then, it’s all free real estate! This marketing phenomenon is also making its way into the pitch decks of start-ups seeking funding. Vatsal Kanakiya, CTO of 100X. VC, says, “The number of companies applying with AI as an enabler to their business has increased multi-fold in the past six months.” And investors are buying it too. Despite the overall funding winter in the start-up space, AI start-ups are still hot, as funding continues to flow their way. As per data from Crunchbase, from November 30, 2022 to…