Posts in category All News
What Travelers Need to Know About Hurricane Season (10-07-2024)
Hurricane Beryl set records as the earliest Category 5 storm ever. What does that mean for the rest of hurricane season? Here’s what travelers need to know.
No alliance with AAP in future: Delhi Congress (10-07-2024)
Delhi Congress, led by Yadav, rejects an AAP alliance for polls, targeting BJP-AAP issues and local concerns like water shortage. Emphasizing grass-roots engagement and Rahul’s vision, observer feedback will drive the July 15 executive meeting. Plans include 42 new observers, 280 blocks based on MCD wards, an auto-rickshaw campaign, and district president evaluations.
Raymond – The Complete Man (10-07-2024)
This seems quite low multiples.
For example - Page Industries has an EV/EBITDA multiple of ~40+. Raymond in shirting is as big a brand as jockey in underwear. Both have premium positioning.
Similarly, DLF and Godrej Properties has an EV/EBITDA multiple of ~60+ - similar asset-light business model
Shouldn’t that dictate the potential value?
Why Tata Motors and Mahindra cut SUV prices (10-07-2024)
Tata Motors and Mahindra and Mahindra have cut the prices of their SUV models to boost demand. Tata Motors has revised the starting prices of its flagship SUVs, the Harrier (Rs 14.99 lakh) and the Safari (Rs 15.49 lakh) and extended benefits of up to Rs 1.4 lakh on other popular SUV variants.
Block deals: Canada Pension Plan sells 0.5% in Nykaa for Rs 256 cr; Hema CIPEF offloads 0.46% in Mankind Pharma (10-07-2024)
Through the stake sale, Canada Pension Plan took home about Rs 256 crore. At the end of March quarter, it held 1.47% equity in the company. In separate deals, Capital group affiliate Hema CIPEF has sold 0.46% stake in Mankind Pharma for Rs 2,082 apiece, taking the total deal value to Rs 385 crore.
Markets catch their breath after record highs; Sensex closes at 79,925 (10-07-2024)
Sharp rebound from election-result day lows is being driven by hopes of policy continuity, foreign portfolio investors (FPIs) turning net buyers again, and strong macroeconomic numbers
CBS News President Ingrid Ciprian-Matthews to Step Down (10-07-2024)
Ingrid Ciprian-Matthews, who ascended to the role last year, will be a senior adviser on coverage through the presidential election.
MP govt to buy new plane for flying VVIPs; assembly to go paperless (10-07-2024)
On Wednesday, the Madhya Pradesh cabinet, chaired by Chief Minister Mohan Yadav, approved purchasing a Challenger 3500 Jet Plane for VVIP transport to replace the B-200GT VT MPQ, which crashed in May 2021. They also approved the Rs 23.87 crore NEVA project under Digital India, with 60% of funding from the Centre, to digitize the state assembly.