IRCTC
No impact on revenue due to this change of rule
Avenue Supermart: a compounding machine? (20-10-2024)
Karnataka is planning to levy 1% on all quick commerce transactions for a gig workers welfare fund. Apart from the existing delivery charges, packing charges, late night charges, GST on them, if this gets approved 1-2% extra fees has to be paid on top of the order amount. I think all quick commerce companies would see some impact if more and more states adopt such fees.
ACRE submits Anchor bid to buy 5 Zee Group accounts (20-10-2024)
Assets Care & Reconstruction Enterprise (ACRE) has made a bid to buy five non-performing loans related to Zee Group from JC Flowers ARC. They are offering ₹505 crore in cash for debts totaling ₹1,350 crore. A Swiss auction is scheduled for November 6, with a reserve price of ₹505 crore. The winner will be announced on November 8.
Avenue Supermart: a compounding machine? (20-10-2024)
Trent’s Zudio can lease any commercial building and start operations right away. but DMart has to own land construct building and open a full fledged store to operate. We cannot compare Zudio’s growth with DMart’s GM&A segment. If you look at the margins both operate an a similar operating margins of around 15-16%.
High inflation, lower consumer discretionary spending can be attributed to the slower growth, but in the long run DMart’s footfall can become a major competitive advantage over Trent.
My personal shopping experience with Zudio is mostly like one time visit, to experience the new store and new merchandise, the quality is sub par. Once the newer stores mature, the footfalls will be stagnant, same-store sales growth will decline and lease rental expenses will hit the margins hard in the long run.
Banks prepare for higher outflow rates on retail deposits ahead of revised liquidity coverage ratio rules (20-10-2024)
Commercial banks are raising outflow rates on retail deposits as they prepare for new liquidity coverage ratio rules. These changes, effective from April 1 next year, will require more investment in high-quality liquid assets. This aims to mitigate risks of mass withdrawals, similar to the collapse of Silicon Valley Bank in the US.
Mid- and small-cap MFs attract Rs 30,350 cr in H1 FY25 (20-10-2024)
Mid-cap and small-cap mutual fund schemes have continued to attract strong investor interest, garnering nearly Rs 30,350 crore in inflows during the April-September period of the current financial year, driven by impressive returns delivered by these segments. In comparison, the cumulative inflow into mid-cap and small-cap funds stood at Rs 32,924 crore during the same period last year, according to data from the Association of Mutual Funds in India (Amfi).
Avenue Supermart: a compounding machine? (20-10-2024)
What are your views about competition from Zudio.
DMarts Growth in general merchandise and apparel has been decreasing since COVID. This in turn has further impacted the margins.
What are the exact reasons behind this and there has been no clear road map as to how will DMart handle this.
RJD puts a speed breaker in INDIA bloc talks (20-10-2024)
The BJP has resolved its alliance arrangements in Jharkhand, while the INDIA bloc faces challenges with seat sharing. RJD leader Manoj Jha stated dissatisfaction with the seat offer from JMM and Congress, highlighting a lack of consensus. Further talks are anticipated to address these issues.
BJP’s list a mix of winnability factor, dynasty and allies (20-10-2024)
The BJP releases its first list of 66 candidates for Jharkhand elections, accommodating senior leaders and ensuring minimal conflicts. High profile candidates, including family members of former CMs, are favored. The party adjusts seats with allies to prevent vote division.
Cummins – Generating Power (20-10-2024)
Received couple of downgrades recently – Marketmojo and Goldman sachs