{"id":69,"date":"2023-03-18T16:20:00","date_gmt":"2023-03-18T16:20:00","guid":{"rendered":"https:\/\/demo.codevibrant.com\/mag-portal-demos\/mag-portal\/?p=69"},"modified":"2023-03-26T12:28:05","modified_gmt":"2023-03-26T12:28:05","slug":"growing-fashion-industry-and-its-scope","status":"publish","type":"post","link":"https:\/\/indiastockguru.com\/index.php\/2023\/03\/18\/growing-fashion-industry-and-its-scope\/","title":{"rendered":"<strong>The Week As It Was<\/strong>"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>&nbsp;<strong>Tech Mahindra stock price soars 10%, TCS sulks<\/strong><\/p>\n\n\n\n<p>The week started with Oscars and ended with Rajesh Gopinathan\u2019s surprise resignation. Oscar win was anticipated, TCS CEO hanging up his boots four years before schedule was not. TCS stock price was down 2% by the end of the day. The underperformance of TCS compared to Infosys post Covid-19 pandemic might be the trigger factor for Gopinathan pursuing other interests.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/--6jrrUEFbhO1vj3GwVGJ3w6CgrOWxXq_zRV43cdcsotGhhadZHaOkzhTImrAVN4JGgY81z4b0euLhMhMKwAw9CLlJSBVV6ovaHmeBPjxPkfuUjEuvZPQ5iTSTrDbITFt6M_CLd4w2Q4nNJJp4zgQx4\" alt=\"\"\/><\/figure>\n\n\n\n<p>While the market sentiment was subdued for TCS, close peer Tech Mahindra\u2019s stock gave its best performance over the past three years on March 13, 2023. Tech Mahindra stock price soared 10% with Infosys veteran Mohit Joshi\u2019s appointment as the managing director and CEO succeeding CP Gurnani. While Infy\u2019s loss is Tech Mahindra gain, it\u2019s hard to guess who is gaining at the cost of TCS.&nbsp; Definitely won\u2019t be Twitter.<\/p>\n\n\n\n<p><strong>Coca Cola and Pepsi ready for the Jio effect<\/strong><\/p>\n\n\n\n<p>Iconic Campa Cola, owned by Reliance Retail Ventures was launched this week in Andhra Pradesh with its 200 ml bottle costing just Rs 10. Consumers are ready for a joyful ride as Coke and Pepsi bear the brunt of the Jio effect. Coke and Pepsi which together own 80-85% of Indian carbonated soft drinks (CSD) market charge Rs 15 for a 200 ml bottle. Reliance Retail Ventures Ltd has also launched Campa Cola\u2019s 600 ml bottle for Rs 30, 1 litre for Rs 40 and Rs 80 for 2 litre. What is sab badhiya for Indian consumers is bad for the stock market investors. Varun Beverages lost 4% since March 15, in response to Campa Cola\u2019s entry in the Indian CSD market and Reliance ambitions.<\/p>\n\n\n\n<p><strong>SVB Bank, Credit Suisse, Hamari Inflation aur Gold<\/strong><\/p>\n\n\n\n<p>Even though SVB Bank and Credit Suisse have limited impact on the Indian economy, global rumblings seep down to every nook and corner of the world&#8217;s economic system. As uncertainty rises, investors seek refuge in safe-haven gold, leading to rising prices. Gold prices have soared beyond Rs 58,000 in India, but calmed down as Credit Suisse received a lifeline of $ 54 billion from Swiss Central Bank.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/rAHEWMUT9nxRXXj_rABWj4b9QBg-Yt5cbwJu5k7vtvI4QsK5r78lR7RZeWUR5AtgVrb5vUEBPwkLKbL7MSqUG1qysllVJVCFqxoH_Q9mzJV2lgzhNsKjziwROBrgUsWirlCMaYRBcnq3DHHdtbiQuLU\" alt=\"\"\/><\/figure>\n\n\n\n<p>&nbsp;With the backdrop of SVB Bank collapse tormented by rising interest rates making its bond investment worthless, the US Fed might pause its interest rate hikes. Reserve Bank of India is also expected to pause repo rate rise after the softening of retail inflation to 6.44% in February 2023 from 6.52% in January 2023 in the upcoming April MPC. By the same time next week, we will have clarity as US Fed and Bank of England releases its monetary policy.&nbsp;<\/p>\n\n\n\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;Tech Mahindra stock price soars 10%, TCS sulks The week started with Oscars and ended with Rajesh Gopinathan\u2019s surprise resignation. Oscar win was anticipated, TCS CEO hanging up his boots four years before schedule was not. TCS stock price was down 2% by the end of the day. The underperformance of TCS compared to Infosys [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","om_disable_all_campaigns":false,"_mi_skip_tracking":false},"categories":[7],"tags":[76,77,60],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Week As It Was - Indiastockguru<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indiastockguru.com\/index.php\/2023\/03\/18\/growing-fashion-industry-and-its-scope\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Week As It Was - Indiastockguru\" \/>\n<meta property=\"og:description\" content=\"&nbsp;Tech Mahindra stock price soars 10%, TCS sulks The week started with Oscars and ended with Rajesh Gopinathan\u2019s surprise resignation. Oscar win was anticipated, TCS CEO hanging up his boots four years before schedule was not. TCS stock price was down 2% by the end of the day. The underperformance of TCS compared to Infosys [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/indiastockguru.com\/index.php\/2023\/03\/18\/growing-fashion-industry-and-its-scope\/\" \/>\n<meta property=\"og:site_name\" content=\"Indiastockguru\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-18T16:20:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-26T12:28:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/indiastockguru.com\/wp-content\/uploads\/2023\/03\/Blue-Red-News-Update-Facebook-Post-1200-\u00d7-800-px.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Suhani Adilabadkar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Suhani Adilabadkar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/indiastockguru.com\/index.php\/2023\/03\/18\/growing-fashion-industry-and-its-scope\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/indiastockguru.com\/index.php\/2023\/03\/18\/growing-fashion-industry-and-its-scope\/\"},\"author\":{\"name\":\"Suhani Adilabadkar\",\"@id\":\"https:\/\/indiastockguru.com\/#\/schema\/person\/290ed40c015cbb79d16b02906057af4b\"},\"headline\":\"The Week As It Was\",\"datePublished\":\"2023-03-18T16:20:00+00:00\",\"dateModified\":\"2023-03-26T12:28:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/indiastockguru.com\/index.php\/2023\/03\/18\/growing-fashion-industry-and-its-scope\/\"},\"wordCount\":420,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/indiastockguru.com\/#\/schema\/person\/a96018c52896acee4329a98d2834b40d\"},\"keywords\":[\"Cola\",\"SVB. bank\",\"TCS\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/indiastockguru.com\/index.php\/2023\/03\/18\/growing-fashion-industry-and-its-scope\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/indiastockguru.com\/index.php\/2023\/03\/18\/growing-fashion-industry-and-its-scope\/\",\"url\":\"https:\/\/indiastockguru.com\/index.php\/2023\/03\/18\/growing-fashion-industry-and-its-scope\/\",\"name\":\"The Week As It Was - 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