RPP Infra’s road improvement project in Jalgaon, Maharashtra, has to be completed within two years. With this order, the company’s order book stands at Rs 3,523.24 crore as of October 15, 2024
Swiggy – unparalleled convenience (15-10-2024)
Recently Dominos got opened at walking distance to my house (tier 3 city), and its 5th or 6th outlet in my city. Apart from that local franchises have mushroomed (south indian, north indian, cafes) at every nook and corner of residential areas (and I am not talking about street food pull carts). Even my next-to-next Neighbour has started selling home baked cakes.
My point is why would anyone pay 20% more with delivery fee when they can just step out and buy a meal. For that extra 20% I can buy ice-cream and chocolates after my meal or some snacks.
Gone are the days when there was one good restaurants 10-15km away and only few people know about them. Nowadays every second person has learned to cook good food watching youtube. Even housewives are selling cakes and other stuff from home. Every 2nd engineer, lawyer and doctor has opened chai, momos, kullad pizza, etc shops. And there’s huge motivation in them of making it big, even more than swiggy and zomato.
Everything can be found using google maps. I don’t believe in food delivery story, I never invested in zomato, so swiggy doesn’t interest me either.
Is Sebi’s new asset class a game-changer for Indian investors? (15-10-2024)
Sebi’s new asset class caters to investors with ₹10-50 lakhs, offering complex strategies like long-short equity and inverse ETFs previously limited to wealthier individuals. It aims to fill the gap between mutual funds and high-entry barrier investment options, promising better risk-adjusted returns but also carries higher costs and performance uncertainty.
Ashok Leyland shares down 1.39% as Sensex falls (15-10-2024)
A total of 226,654 shares changed hands on the counter till 02:03PM (IST)
SmallCap Hunter : Trying to find the dark horses with triggers (15-10-2024)
I had interacted with Emerald to roll-out EWA in our startup. The following were my observations:
- They don’t have any senior guy leading the sales of EWA – promoter’s son is taking care of that. He is still studying his MBA or any other PG course, i don’t remember exactly.
- The product is okay – lot of other NBFCs are also adding this product in their arsenal. It can be another product for a NBFC but making it your sole revenue generator is a stretch.
- Adoption is challenging for those companies with relatively higher field related work. Companies prefer to have salary as a medium to recover on-field losses or cover absconding cases, etc.,
India still lags US, China in 5G rollout (15-10-2024)
India’s journey with 5G still has a long way to go. The country ranked 33 out of 39 in the 5G Connectivity Index for the second quarter of 2024, released by GSMA Intelligence. However, in areas like 5G revenue growth, data affordability, and video quality, India ranks among the best in the world.
Bajaj Holdings shares up 0.65% as Nifty drops (15-10-2024)
A total of 486 shares changed hands on the counter till 01:58PM (IST).
HCL Tech records PAT of Rs 4,237 cr in Q2 FY25; declares dividend of Rs 12/- share (15-10-2024)
HCL Technologies’ consolidated net profit fell 0.52% to Rs 4,237 crore in Q2 FY25 as compared with Rs 4,259 crore in Q1 FY25.