Under PM Modi’s leadership, India to be among top 10 performing countries in sports: Mansukh Mandaviya in Kerala (20-10-2024)
“Under the leadership of PM Modi, the nation is progressing forward. PM Modi has set a target of making India a ‘Viksit Bharat’ by 2047…We have also set a target of promoting sports and in that direction, various steps are being taken, like identifying grassroots talent and then nurturing them…Coaching is being provided to athletes and sportspersons… The players are being supported through the TOPS (Target Olympic Podium Scheme) scheme,” said Mandaviya.
How the N.F.L. Builds a Fan Base in Ireland (20-10-2024)
The league is trying to ensure that sponsors, media partners and enthusiasm are in place before committing to playing a game in the country.
When 40 percent of Delhi is living in slums, how could the CM live in such a luxurious house?: Swati Maliwal (20-10-2024)
AAP Rajya Sabha MP Swati Maliwal criticized Arvind Kejriwal for living luxuriously while 40% of Delhi’s population resides in slums. She also blamed Kejriwal for AAP’s poor performance in Haryana, accusing him of splitting Congress votes and betraying the INDIA bloc, and urged the party to abandon its ego and focus on public service.
Newgen Software (20-10-2024)
I’m in the software business so understand your point. It may not always be true but generally it’s usually the case with companies with unique advantage (e.g. network effect, monopoly etc). With NewGen there is no clear trend in their margin trajectory and their OMs have been ups and downs.
There are other factors one need to look into to assess how much operating leverage a software company can unlock with growing sales than making a broad-brush determination.
For example, what’s the software revenue component in a typical deal size and how much is services? Higher portion of the first is good while more of the latter is bad.
Second is how much of their product sales is on Cloud vs how much on-prem? The first is lower margin but better annuity business than the latter.
Finally how much of their business comes through single source vs tenders? In the latter, margins again tend to be lower.
As I mentioned, having seen their offering up close, I don’t think NewGen really has any moat. There are plenty of document management system providers in the market who offer similar software. And that’s reflected in their uneven and lower margins (20-24%) for a very long time although revenue growth has been in decent double digit.
But that doesn’t make things bad for NewGen per se. If I were to choose between a great company in a bad sector and a not so great company in a great sector, I’d always invest in the latter because I get the advantage of rising tide.
Newgen in my view falls in the second category. It has got tide under it with growing digitalization in the world. So I expect stock to do well in the near future and that’s reason I continue to hold it while being aware of its strengths and limitations.
Union Minister Giriraj Singh accuses Congress, RJD of temple vandalism in Bihar (20-10-2024)
Union Minister Giriraj Singh alleged that Congress and RJD members vandalised a temple in Sanhaula, Bhagalpur. He claimed their aim was to incite riots and criticized Rahul Gandhi. Singh assured that Hindus from various political parties support his ‘Hindu Swabhiman Yatra’ despite opposition from JD(U) leader Khalid Anwar.
Methanol Engine/Methanol blend (20-10-2024)
NTPC and Tecnimont sign MOU to explore possibility to develop Green Methanol Production.
What are the other companies producing (or beneficiaries) sustainable methanol in India?
Praj, Thermax, BHEL, NTPC, Deepak Fertilizers, RCF, GNFC
‘India is at the heart of what we are doing’ (20-10-2024)
‘For us, it’s “keep moving and keep building a critical mass”, which is commensurate with the size of the country.’