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Economic Times
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- Economic Times
How to watch Venus Williams DC Open clash Live: Full Schedule, TV Channel, Streaming, Prize Money and more
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Economic Times
an hour ago
- Economic Times
'Speak any language...': As Karnataka fumbles with aerospace plan, Andhra lures Mahindra with incentives
Synopsis Andhra Pradesh is actively courting the Mahindra Group, with Minister Nara Lokesh inviting them to establish a manufacturing unit. He emphasized the state's investor-friendly policies and incentives across sectors like EVs and aerospace. Anand Mahindra expressed interest in partnering with Andhra Pradesh, mentioning ongoing talks in solar energy and tourism. Andhra Pradesh IT and Industries Minister Nara Lokesh has invited the Mahindra Group to set up a manufacturing unit in the state. He highlighted Andhra's strong business policies, promising a fast, friendly, and flexible environment for investors. ADVERTISEMENT In a post on X (formerly Twitter), Lokesh addressed Mahindra Group Chairman Anand Mahindra, saying, 'We greatly value your ongoing investments in AP, sir. I look forward to deepening it further.' He mentioned Mahindra's expansion plans in electric vehicles (EVs), defence, and aerospace, and said Andhra Pradesh has tailor-made policies for every sector with attractive incentives. He also assured that the state offers a comfortable experience for workers, 'Your workforce will feel most welcome and speak whichever language they wish to.' Anand Mahindra had earlier posted, 'We would be proud to be a partner in Andhra Pradesh's journey.'He said his team was already in talks across sectors like solar energy, micro-irrigation, and Lokesh had responded to a Mahindra ad in Telugu, calling it impressive and suggesting a Mahindra manufacturing unit in Andhra, 'AP is a large market for your vehicles… Why not consider a manufacturing facility here?' ADVERTISEMENT This is not the first time Lokesh has promoted Andhra as a business destination. A few days ago, after Karnataka dropped its plan to build an aerospace park near Bengaluru Airport, Lokesh made an open offer to aerospace wrote, 'We have an attractive aerospace policy for you, with best-in-class incentives and over 8000 acres of ready-to-use land (just outside Bengaluru)!' ADVERTISEMENT Karnataka minister G Parameshwara responded to Lokesh's pitch, saying they would not 'let go' of investors. Though he admitted that land in Devanahalli may not be available, he promised that the state would offer other options to keep businesses in Karnataka.'We will definitely not let investors go to other states, such as Andhra Pradesh, Maharashtra, and Tamil Nadu,' he told reporters. ADVERTISEMENT (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. NEXT STORY
Time of India
an hour ago
- Time of India
Mastek shares rally 13% after Q1 net profit surges 29% YoY
Mastek's shares surged by 13.08% following a robust Q1FY26 financial report, showcasing a 28.7% increase in net profit. Trading above all key Simple Moving Averages, the company's strengths, including attractive valuation and consistent profit growth, outweigh its weaknesses. With low debt and zero promoter pledge, Mastek's financial stability boosts investor confidence. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Mastek rose by 13.08% on Monday to hit an intraday high of Rs 2,755 apiece on the BSE following the company's financial results for the first quarter of week, Mastek reported a 28.7% year-on-year increase in net profit for Q1FY26, rising to Rs 92 crore from Rs 71.5 crore in the same quarter the previous operating Ebitda margin was 15%, down slightly by 31 basis points, reflecting continued investments in talent and capabilities. Despite this, operating Ebitda grew 10.8% strong financials and consistent execution have boosted market confidence, leading to the sharp uptick in its stock is currently trading above all 8 Simple Moving Averages (SMAs), ranging from the short-term 5-day SMA to the long-term 200-day SMA, indicating a strong upward trend across multiple to Trendlyne's SWOT analysis, the stock's strengths significantly outweigh its weaknesses. Key positive factors include a trailing twelve-month (TTM) price-to-earnings (PE) ratio that is lower than its 3-year, 5-year, and 10-year averages, signalling potentially attractive valuation. The company has also shown consistent growth in net profit with improving profit margins Mastek maintains low debt levels, has recorded rising annual net profits over the past two years, and has seen its book value per share increase during the same period. Importantly, the company has zero promoter pledge, which is viewed positively by investors as it indicates confidence and financial stability.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
