Wednesday, March 18
Shares of e-commerce firm Meesho have slid about 12% over the past week after its Q3 earnings disappointed the Street. Consolidated net losses for the December quarter ballooned nearly 13-fold to Rs 491 crore, compared with a loss of Rs 37 crore in the year-ago period. The stock has also slipped below its listing price after an initially strong debut, amid concerns over growth sustainability. However, a couple of leading foreign brokerages continue to see silver linings, pointing to factors that could still work in the company’s favour. Meesho was listed in December at Rs 162 on the NSE, marking a 46% premium over the issue price of Rs 111. After rallying sharply to a peak of Rs 254 on December 18, the stock has since reversed nearly 40% and is now hovering around Rs 151, its Thursday cl
Indian equities are entering what Morgan Stanley’s Ridham Desai calls a “rare combination” phase that, in his view, strengthens the case for a valuation re-rating of domestic stocks. Indian stocks, Desai argues in a strategy report, now offer an unusual mix of “inexpensive relative valuations, poor trailing performance, strong policy stimulus and a consequent growth upcycle, an undervalued currency, weak foreign positioning and potentially a new buyback cycle.” The 12-month trailing performance is “the worst in history” even as relative valuations are “approaching previous troughs”, with foreign portfolio investor (FPI) positioning having weakened steadily over the past four years. “India could be a pain trade, which may just accelerate the returns on stocks,” the rep
New Delhi | Bengaluru: PhD students at the Indian Institutes of Technology (IITs) are increasingly getting corporate job offers for high-end research and development (R&D), a shift from recruitment largely for teaching roles in the past. It is the result of the institutes boosting in-house R&D to develop innovative and competitive products, said professors at the IITs including Kharagpur, Kanpur, Guwahati, Roorkee and BHU.Companies such as Denso, Japan Meteorological Corporation, Caterpillar, Aditya Birla Science & Technology, Tata Steel, AMD, Google, Microsoft, Philips, Samsung, CDAC, Siemens, L&T and Qualcomm have recently hired PhD students from the IITs, according to the institutes.For the first time, two PhD students at IIT Kharagpur have received overseas job offers,
Bengaluru: Embassy Office Parks REIT reported a strong operational and financial performance for the quarter ended December 2025, led by sustained leasing momentum, rising rentals and continued demand from global capability centres (GCCs), reinforcing the recovery in India’s Grade A office market.India’s largest office REIT leased 1.1 million sq ft across 22 deals during the quarter, taking its total leasing for the first nine months of FY26 to 4.6 million sq ft. The leasing traction was supported by new leases accounting for 0.8 million sq ft, signed at re-leasing spreads of 17%, with rentals averaging 5% above prevailing market levels. Bengaluru remained the key growth driver, contributing more than two-thirds of the quarter’s leasing activity. The REIT’s overall portfolio occup
