According to a recent report by The Financial Times, Xiaohongshu, a popular social media platform in China, recorded $1 billion in sales and $200 million in profits in the first quarter of the year. With a user base of over 300 million and a valuation surpassing $17 billion, its success is impressive.
DMK wrongly portrays Centre as imposing Hindi: BJP’s Tamilisai Soundararajan (19-10-2024)
BJP leader Tamilisai Soundararajan dismissed DMK’s claims of the Centre imposing Hindi. She questioned their opposition to the three-language policy and highlighted initiatives supporting Tamil culture. In response to CM MK Stalin’s criticisms over the Hindi Month celebration and respect for Tamil tradition, the Governor and CM exchanged accusations, emphasizing Tamil’s significance and development.
Bihar labourer killed by terrorists in Shopian: J&K BJP chief Raina promises justice (19-10-2024)
A Bihar migrant laborer, Ashok Chauhan, was killed by terrorists in Kashmir’s Shopian district. BJP President Ravinder Raina announced that the Indian Army and J-K Police are searching the area. Condemnations from officials, including LG Manoj Sinha and CM Omar Abdullah, emphasised support for the family and commitment to bringing the culprits to justice.
Dodla Dairy acquires 35.23 acres land parcel for proposed new plant (19-10-2024)
Powered by Capital Market – Live News
Shoppers Stop launches its first Shoppers Store at Silchar, Assam (19-10-2024)
Shoppers Stop announced the launch of its first Shoppers Store at Silchar city, Assam. The store was unveiled in the presence of loyal Black, Platinum, and gold customers, to preview the store’s offerings. The new Shoppers Stop store is set to bring an unparalleled shopping experience to the residents of Silchar and surrounding areas.
Mahanagar Gas Ltd – a natural monopoly (19-10-2024)
MGL_Allocation_Reduction.pdf (440.4 KB)
Allocation to the Company for CNG (Transport) has been reduced by ~20%, effective October 16, 2024,
compared to previous average quarterly APM allocation. This being major reduction in allocation, will have
an adverse impact on the profitability of the Company.
What possible outcomes shall be expected?
In my view,
- MGL has to manage sourcing the natural gas through different medium and pass on the cost to consumers. will the demand be the same if the price is hiked.
- MGL has to manage sourcing the natural gas & absorb the cost impacts, which leads to reduction margin eventually.
but does this change the demand for PNG & CNG over the long run?
V2 Retail – Second innings playing out well (19-10-2024)
A Report on V2 from Nuvama.
JSW Neo Energy to acquire 125 MW wind energy capacity from Hetero Group (19-10-2024)
The transaction is subject to receipt of the necessary customary approvals. Upon consummation of the transaction, the 3 SPVs will become subsidiaries of JSWNEL and step-down subsidiaries of the Company.
US SEC gives green light for options listing for spot bitcoin ETFs to NYSE (19-10-2024)
The U.S. SEC has granted accelerated approval to 11 ETFs to list and trade options linked to spot bitcoin prices on the New York Stock Exchange. These options offer a way for institutional investors to hedge their exposure to bitcoin. Funds including Fidelity and ARK21Shares are among those receiving approval, marking a significant development for the cryptocurrency sector.