India's top 100 brands valued at USD 92.6bn; Tatas top lis

The brand value of Tata Group rose by USD 3 billion to 21 billion dollars, an increase of 16 percent, primarily led by its flagship company TCS. HCL Technologies saw its brand value jump by 51 percent or USD 649 million to 1.9 billion dollars.

Consulting firm Brand Finance India pegs the value of India's top 100 corporate brands at USD 92.6 billion. Brand Value of top 50 Indian brands rose by 10 percent to USD 81.6 billion. India top brands that witnessed accretion in brand value include Tata, Godrej,  HCL and L&T .

The brand value of Tata Group rose by USD 3 billion to 21 billion dollars, an increase of 16 percent, primarily led by its flagship company TCS. HCL Technologies saw its brand value jump by 51 percent or USD 649 million to 1.9 billion dollars.

The surprise addition to the top 100 list is LIC, which is the 2nd highest valued brand with a brand value of USD 4.1 billion. Among other Insurance player Max Life Insurance is valued at USD 240 million.

While telecom company  Idea Cellular maintained its 18th rank with a brand value of USD 1.14 billion, Airtel maintained its 4th position with brand value at USD 3.8 billion, while Reliance has slipped from the 3rd position to 5th position. Infact Oil & gas companies like Reliance, ONGC and IOC has witnessed a fall in brand value last year.

Another surprise entry into the top 50 is Amul brand, which is ranked 20 and is valued at USD 1.11 billion while Mother Dairy entered the league with a brand value of USD 434 million. Gold Flake is another brand which made an entry and is ranked at 23rd with a brand value of USD 963 m.

Among the Value destroyers, SBI  topped the list with its brand value declining by USD 1.9 billion last year or 32 percent drop in value, the biggest drop for any brand in the top 100.  PSU banks – Andhra Bank , Indian Bank , witnessed value destruction last year while Allahabad Bank , Central Bank of India , IOB ,  OBC witnessed increase in brand value.

Among Private Banks  ICICI bank lost 7 percent in brand value to USD 1.7 billion, Axis Bank brand value stood at USD 766 m.

Among Conglomerate Brands Mahindra Brand Value stood at USD 2.27 billion, Godrej brand value stood at USD 1.50 billion, Reliance ADAG brand value stood at USD 1.3 billion, Adani Enterprises brand value was at USD 1 billion as compared to Aditya Birla which stood at USD 625m, while Jaypee Group is valued at USD 462 m higher than ITC at USD 421 m.

Among consumer brands  Kingfisher is valued at USD 529 m, while Sunfeast is valued at USD 238 m, Watch & accessories maker Titan is valued at USD 173 m while its Jewellery business Tanishq is valued at USD 340 m. Hotels brand Taj is valued at USD 359 m while liquor brands Bagpiper is valued at USD 136 m and McDowells No 1 at USD 578 m.

HCL Tech stock price

On August 06, 2014, HCL Technologies closed at Rs 1545.10, up Rs 2.75, or 0.18 percent. The 52-week high of the share was Rs 1630.00 and the 52-week low was Rs 872.00.

The company's trailing 12-month (TTM) EPS was at Rs 85.44 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 18.08. The latest book value of the company is Rs 146.09 per share. At current value, the price-to-book value of the company is 10.58.

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e-comm offers good potential for investments: Ratan Tata

The USD 3 billion Indian e-commerce market is witnessing aggressive competition from global giants as well as home-grown players. Led by increasing Internet penetration and youngsters shopping online, India's e-commerce market has seen huge growth in the past few years.

Tata Sons Chairman Emeritus Ratan Tata Wednesday said e-commerce is one of the areas where is he looking to personally invest because of its "good potential" as a large proportion of the country's consuming public do not have the required access to goods.

Tata, however, refused to comment specifically about any investments in e-retalier Snapdeal.

He said, "I do not think it is fair to comment on that." "I plan to do personal investments and looking into a variety of areas to do that and e-commerce is one of them," he said.

The USD 3 billion Indian e-commerce market is witnessing aggressive competition from global giants as well as home-grown players. Led by increasing Internet penetration and youngsters shopping online, India's e-commerce market has seen huge growth in the past few years.

Tata said that given the country's large consuming public, people do not have the required access to goods.

"But e-retailing today is one of the hottest form of marketing and has a good potential in the country as 500 to 600 million people of the country are the consuming public", he said.

Last month, e-commerce giant Amazon said it will invest USD 2 billion in the country to grow the business in a market that is dominated by homegrown players like Flipkart and Snapdeal.

The US-based firm's announcement came less than 24 hours after rival Flipkart announced raising a whopping USD 1 billion funding, the largest in the e-commerce space in India.

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NSE guilty of 'abusing dominant market position': Compat

In a June 2011, the CCI had, on a complaint by rival MCX-SX, held that the NSE had violated trade practices and abused its dominant market position by indulging in "predatory pricing" when it stopped charging fees for trading in currency-derivates contract.

Moneycontrol Bureau

The Competition Appellate Tribunal (Compat) today upheld a 2011 order by the Competition Commission of India (CCI) against the country's top bourse, the National Stock Exchange (NSE), with respect to its currency-derivatives pricing strategy.

In a June 2011, the CCI had, on a complaint by rival MCX-SX, held that the NSE had violated trade practices and abused its dominant market position by indulging in "predatory pricing" when it stopped charging fees for trading in currency-derivates contract.

The competition watchdog had also slapped a Rs 55-crore penalty against NSE.

But after issuing a stay on the original order, the Compat today agreed with the CCI's view that NSE's strategy was an abuse of its dominant market position.

The NSE had leapt past the its older rival BSE in the 2000s in both the cash and derivatives segment, with its market share at one point touch north of 90 percent.

But the upstart MCX-SX, backed by commodities exchange powerhouse MCX , had thrown a challenge to India's largest exchange after it entered the currency derivatives market, and later stock and stock-derivatives trading.

"In 2008, MCX-SX launched trading in the currency derivatives segment and from inception had been unable to charge transaction fees and other fees on account of free offering by NSE," MCX-SX said in a statement.

"A year later, in November 2009, MCX-SX filed a complaint in CCI against NSE for using its dominant position to engage in predatory pricing in the currency derivatives segment."

After two years of investigation and inquiry, the CCI passed an order via majority finding NSE guilty of contravention of section 4 of the Competition Act, 2002.

"We welcome the order passed by COMPAT upholding the CCI order. We believe that healthy competition is always in the interest of overall development of Indian financial markets," MCX-SX MD and CEO Saurabh Sarkar said.

NSE, on its part, maintains that it would appeal the order and that "whatever it has done was in the interest of the development of the capital markets".

MCX India stock price

On August 05, 2014, Multi Commodity Exchange of India closed at Rs 803.20, up Rs 39.40, or 5.16 percent. The 52-week high of the share was Rs 895.00 and the 52-week low was Rs 238.30.

The company's trailing 12-month (TTM) EPS was at Rs 29.95 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 26.82. The latest book value of the company is Rs 256.77 per share. At current value, the price-to-book value of the company is 3.13.

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Should Bajaj Auto make a come back in scooter segment?

Rajiv Rajaj was confident in 2007 that he wanted to exit the scooter business and concentrate on the motorcycle market. At that time, national scooter sales stood at 1 million units, but today it has risen to more than 3.5 million units. Earlier this week, Bajaj said 'never say never' when asked if there was a possibility of the Bajaj Chetak making a comeback. This is the first time that Bajaj has said anything but a firm no.

But the question remains is this the right time for  Bajaj Auto to make a comeback into the scooter segment or whether it should at all make a come back.

Also Read: Worst over; motorcycle sales to grow 20% MoM: Bajaj Auto

Sundeep Bafna of Fortpoint says over a period of time, women started driving more, pushing demand and sales of scooters higher. He believes Bajaj Auto should re-enter the scooter market.

But Bertrand D'souza, Editor-in-chief, Overdrive does not agree with Bafna. He says Baja Auto should stick to its core strength and that is motorcycle business.

Below is the verbatim transcript of Bertrand D'souza, Sundeep Bafna and Sonia Shenoy's interview with Menaka Doshi and Senthil Chengalvarayan of CNBC-TV18.

Menaka: Since you look at this entirely from a commercial business point of view, do you think there is any space or sense or viability in this two wheeler market for Bajaj to re-enter at this point in time?

Bafna: What has happened is over a period of time Bajaj took a call that they don't want to get into scooters. I still remember once in one of our dealer federation meeting where Rajiv Bajaj had addressed our gathering, at that time he had said that we don't want to get in because we are not making any more. So, we don't want to be in that area and we want to get into only motorcycle market.

What has happened in India is over a period of time, women have started driving more. We have realised that they have started making a choice that if the guy wants to buy a bike he has to buy a scooter so that they can also drive it. That was one of the key rings which they forgot or they did not analyse this in their forward thinking.

Menaka: It was a difficult consumer trend shift to have. In hindsight it all seems as if why did they get out of the space but at that point in time the scooter market was very different from what it is today. You are saying it is a market that they should re-enter?

Bafna: Yes, of course they should.

Menaka: Should they re-enter?

Bertrand: I don't think so.

Menaka: Why?

Bertrand: They should stick to their core strength and that is motorcycle business. He has spent a lot of time developing those motorcycles, creating the kind of excitement that he has over the last decade and half. So, why move away from that and divert your attention.

Menaka: Is that the only reason why you think they should stay back?

Bertrand: You have already got inundation of players in the scooter market. Almost every manufacturer has a portfolio. For you to invest that kind of money and get out a product is going to take you three years to get into that market and then you don't know where you stand exactly. You got to take on Honda and Honda is a big player in that segment. I wouldn't take that chance.

Menaka: You said that it is a good idea for them to come back. How do you then argue the point that Honda has more than 50 percent of this market and the other two players are no less competitive – TVS Motors or Hero MotoCorp?

Bafna: I do agree with what you are saying but the market is growing towards this area and that growth will be phenomenal. The issue is they have to decide what they want to come out with. I would say if I was a person recommending something to Bajaj, I would say come out with something like a step-through which is very famous all over South East Asia.

Menaka: What is a step-through?

Bafna: A step-through is like a MAT at one time which Bajaj used to make.

Bertrand: A very fancy Moped.

Bafna: But a fast quick Moped which is very famous in South East Asia. If you go to Bangkok, Taiwan, the women and men both love it and it gives a lot of average. Another thing in the core DNA in Indian blood if anybody has understood it in India is Maruti and Hero Moto in the auto. So, "kitna deti hai" – if they can come out with a scooter, scooterette or a step-through which would give an average of above 65-70.

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Coal India misses output target in July

Coal and Power Minister Piyush Goyal had earlier asked Coal India to ramp up production from its existing mines. CIL, which accounts for 80 per cent of domestic coal production, missed its output target of 482 million tonnes for 2013-14, producing 462 million tonnes during the period.

State-owned Coal India  (CIL) achieved an output of 33.1 million tonnes (MT) in July as against the target of 35.80 MT.

The development comes at a time when the Maharatna firm is drawing flak from across the quarters for missing its output targets.

In the first four months of the current fiscal, the company's production was 141.34 MT, while the target for the period was 148.81 MT, the company said in a filing to the BSE.

The company's offtake in July stood at 38.04 MT, missing its target of 40.48 MT. Its offtake in April-July period was 157.59 MT, against the target of 171.43 MT.

Also read:  Goyal advises power producers to import 54MT of coal in '15

Coal and Power Minister Piyush Goyal had earlier asked Coal India to ramp up production from its existing mines. CIL, which accounts for 80 per cent of domestic coal production, missed its output target of 482 million tonnes for 2013-14, producing 462 million tonnes during the period.

Production fell short of target because of various reasons, including lack of environment clearance to coal mining projects.

In 2012-13, the company produced 452.5 million tonnes of coal, falling short of the 464 MT target.

Coal India's production target for 2014-15 has been set at 507 MT, while the offtake target is 520 MT.

Coal India stock price

On August 04, 2014, Coal India closed at Rs 359.85, up Rs 0.40, or 0.11 percent. The 52-week high of the share was Rs 423.50 and the 52-week low was Rs 238.35.

The company's trailing 12-month (TTM) EPS was at Rs 23.76 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 15.15. The latest book value of the company is Rs 26.04 per share. At current value, the price-to-book value of the company is 13.82.

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ITC hikes price of select cigarette brands

The company's rival Godfrey Phillips, however, declined to comment on price hike on its products.

Diversified conglomerate  ITC has raised the prices of select cigarette brands like Classic and Gold Flake Kings by up to Rs 10/pack in the wake of hike in excise duty on cigarettes in the Budget.

"Prices of select ITC Cigarette brands have been increased and new stocks are expected to hit the market shortly," an ITC Ltd spokesperson told PTI.

Prices of Classic and Gold Flake Kings have been revised from Rs 85 to Rs 95 for packs of 10, the spokesperson added. Further, prices of Bristol Filter have been increased from Rs 45 to Rs 47, Capstan Filter from Rs 39 to Rs 47, Flake Filter from Rs 39 to Rs 48 and Flake Excel Filter from Rs 39 to Rs 45.

However, prices of brands like Navy Cut at Rs 69, Gold Flake Filter at Rs 59, Gold Flake Premium Filter at Rs 58 , and Scissors Filter and Flake Premium Filter at Rs 50 remain unchanged, the spokesperson said.

The company's rival Godfrey Phillips, however, declined to comment on price hike on its products.

In the Budget for 2014-15, Finance Minister Arun Jaitley had announced an increase in excise duty on cigarettes in the range of 11 percent to 72 percent.

ITC has interests in various verticals including FMCG, hotels, paperboards and packaging, tobacco products and information technology.

ITC stock price

On July 28, 2014, ITC closed at Rs 356.70, down Rs 0.4, or 0.11 percent. The 52-week high of the share was Rs 386.75 and the 52-week low was Rs 285.40.

The company's trailing 12-month (TTM) EPS was at Rs 11.40 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 31.29. The latest book value of the company is Rs 32.98 per share. At current value, the price-to-book value of the company is 10.82.

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Top-nine firms lose Rs 74,193 cr from market valuation

In-line with a weak stock market, nine of the top-10 most valued Indian companies together lost Rs 74,193 crore from their market valuation last week.

Barring ICICI Bank , rest nine companies, including TCS ,  ONGC , RIL , ITC  and Coal India  suffered losses. The market-capitalisation of TCS plunged Rs 17,334.74 crore to Rs 4,92,904.10 crore, taking the steepest hit among the top-10 firms.

RIL's value plummeted by Rs 13,978.9 crore to Rs 3,16,421.99 crore, while that of ONGC tanked Rs 12,533.79 crore to Rs 3,30,455.81 crore.

The m-cap of Coal India tumbled Rs 10,579.91 crore to Rs 2,27,041.72 crore, while ITC's value declined by Rs 5,851.74 crore to Rs 2,78,455.22 crore.

HDFC Bank 's valuation dipped Rs 4,709.18 crore to Rs 1,96,553.07 crore, while SBI  suffered a loss of Rs 4,613.82 crore to Rs 1,82,119.04 crore.

The market valuation of mortgage lender HDFC  dropped Rs 3,901.69 crore to Rs 1,62,875.92 crore and that of Infosys fell by Rs 689.08 crore to Rs 1,91,814.98 crore.

In contrast, ICICI Bank added Rs 71.54 crore to Rs 1,70,729.12 crore in its value.
TCS continued to rule the domestic market-capitalisation chart, followed by ONGC, RIL, ITC, CIL, HDFC Bank, Infosys, SBI, ICICI Bank and HDFC.

For the past week, the Sensex and Nifty were down 646 points and 188 points respectively -- snapping successive gains in the previous two weeks.

ICICI Bank stock price

On August 01, 2014, ICICI Bank closed at Rs 1476.40, up Rs 3.40, or 0.23 percent. The 52-week high of the share was Rs 1590.35 and the 52-week low was Rs 758.80.

The company's trailing 12-month (TTM) EPS was at Rs 88.12 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 16.75. The latest book value of the company is Rs 632.96 per share. At current value, the price-to-book value of the company is 2.33.

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Telcos' gross revenue up by 12% to Rs 60,716 cr in Q1

The adjusted gross revenue on which government levies licence and other regulatory fees increased by 16.26 percent on yearly basis at Rs 41,016 crore during the reported quarter.

The gross revenue of telecom operators increased by about 12 per cent to Rs 60,716 crore in the first quarter of this financial year, as per the latest report of regulator TRAI.

The adjusted gross revenue on which government levies licence and other regulatory fees increased by 16.26 percent on yearly basis at Rs 41,016 crore during the reported quarter. The gross revenue of telecom service providers was Rs 54,283.78 crore and adjusted gross revenue was Rs 35,279.5 crore in the first quarter of 2013.

Also Read:  Top 7 telcos owe over Rs 2,100-cr penalty to DoT: CAG 

"Gross Revenue (GR) and Adjusted Gross Revenue (AGR) of telecom services sector for the quarter ended March 2014 has been Rs 60,716 crore and Rs 41,016 crore respectively," the Telecom Regulatory Authority of India (TRAI) said in a report. 

Mobile service providers accounted for 77.83 per cent of the total AGR. The AGR is derived by allowing certain deductions in the gross revenue and is considered as actual revenue by telecom service providers from telecom services. The licence fee earned by the government increased by 14.86 per cent on yearly basis to Rs 3,286 crore in the first quarter of 2014-15.

The report showed that mobile Internet usage on CDMA network, which is seen as dying technology by many, is more than three times compared to usage on GSM network. Average data usage per subscriber per month on CDMA network was 176.24 MB in the first quarter of 2014 while it was 59.94 MB per user on GSM network.

The report said that the monthly average revenue earned per user basis by GSM operators like Airtel , Vodafone, Idea  and others increased by 8.04 per cent on yearly basis to Rs
113. In the case of CDMA players like Reliance Communications , MTS, Tata Teleservices , monthly ARPU increased by 10.22 per cent on yearly basis to Rs 104.98 in reported
quarter.

The total telecom subscriber based at the end of March 31, 2014 stood at 93.3 crore, of which 90.45 crore were mobile or wireless telecom services subscribers. 

Bharti Airtel stock price

On August 01, 2014, Bharti Airtel closed at Rs 379.55, up Rs 6.95, or 1.87 percent. The 52-week high of the share was Rs 386.80 and the 52-week low was Rs 279.25.

The company's trailing 12-month (TTM) EPS was at Rs 19.52 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 19.44. The latest book value of the company is Rs 166.93 per share. At current value, the price-to-book value of the company is 2.27.

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TVS Motor July sales up 32.15% to 2,03,092 units

Total two-wheeler sales increased by 32 per cent to 1,94,128 units in July 2014 as against 1,46,671 units in the same month a year ago.

Chennai-based  TVS Motor Company today reported a 32.15 per cent increase in its total sales at 2,03,092 units in July 2014. The company had sold 1,53,676 units in the same month last year, TVS Motor Company said in a statement.

Total two-wheeler sales increased by 32 per cent to 1,94,128 units in July 2014 as against 1,46,671 units in the same month a year ago.

Domestic two-wheeler sales stood at 1,64,571 units last month, up 30 per cent, from 1,26,531 units in the year-ago period, it added.

Scooters sales during the month grew by 64 per cent to 60,619 units in July 2014 as against 36,900 units in the corresponding month last year.

Motorcycles sales grew by 33 per cent to 76,767 units in last month as compared to 57,886 units in the corresponding month a year earlier.

During the month, sales of three-wheelers grew by 28 per cent at 8,964 units as against 4,712 units in July 2013. Exports in July grew by 41 per cent to 26,145 units in the month as compared to 36,986 units in the corresponding month a year earlier.

TVS Motor stock price

On August 01, 2014, TVS Motor Company closed at Rs 152.45, up Rs 5.25, or 3.57 percent. The 52-week high of the share was Rs 179.00 and the 52-week low was Rs 28.75.

The company's trailing 12-month (TTM) EPS was at Rs 5.94 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 25.66. The latest book value of the company is Rs 29.79 per share. At current value, the price-to-book value of the company is 5.12.

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Funds needed for SBI merger with subsidiaries: MD

The Finance Ministry had recently said they have appointed SBI Capital Markets to undertake a study on mergers as well as recapitalisation of state-owned banks and the report is likely to be finalised within a month.

SBI 's merger with its subsidiaries would be good for the company but additional capital would be needed for it, a top official said today. "It is a question of scalability and viability. Additional capital would be needed in that case and so we have to see when the merger happens whether that much of funds is   available that time," SBI's Managing Director and Group Executive (national banking) B Sriram told reporters.

He said funds would be needed for absorption of costs related to the merger.

Stating that discussions are going on the matter, Sriram said they have not yet decided how and when to go for the merger.

"It would be useful because we are duplicating certain things within ourselves. For example 3-4 branches of our group companies are there in the same locality which can be merged into a single larger entity," the MD said.

Also Read: Is merging PSU banks good idea? Experts debate pros & cons

The Finance Ministry had recently said they have appointed SBI Capital Markets to undertake a study on mergers as well as recapitalisation of state-owned banks and the report is likely to be finalised within a month.

The country's largest lender has five associate banks -- State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Patiala, State Bank of Mysore and State Bank of Hyderabad. On growth, the SBI MD said they are expecting 20-25 per cent growth in the retail banking sector.

He was in Kolkata to inaugurate the bank's seventh digital banking initiative called 'sbiINTOUCH'. "Based on feedback from customers we will plan a national roll-out of this service," Sriram said adding the investment in the digital banking imitative would be recovered in two years.

SBI stock price

On July 28, 2014, State Bank of India closed at Rs 2490.25, down Rs 10.95, or 0.44 percent. The 52-week high of the share was Rs 2833.85 and the 52-week low was Rs 1452.90.

The company's trailing 12-month (TTM) EPS was at Rs 145.88 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 17.07. The latest book value of the company is Rs 1584.34 per share. At current value, the price-to-book value of the company is 1.57.

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