Landmark Cars receives LoI from Mercedes-Benz India (04-10-2024)
For dealership in Patna
Avenue Supermart: a compounding machine? (04-10-2024)
I visit DMart, More, and Ratnadeep regularly. My observations:
- Ratnadeep and More are mainly competition to local kirana shops. They are good for short shelf life items like milk, breads, and stuff we forget. Even that, we only go there since they are nearer to our place than DMart. If a DMart was nearby, we are likely to buy these there!
- The prices are almost always MRP when it comes to Ratnadeep. There are occasional offers at More, yet we rarely see prices that come any close to DMart prices.
- Our DMart is much larger store compared to More or Ratnadeep. Variety and items are more compared to other retailers. DMart might be missing a few items still (e.g. mosquito repellent dots). We usually buy those odd items from other retailers.
- DMart crowd is not a problem for us anymore as we found specific days and timings that mostly avoids the congestion. We plan accordingly. It is just one visit. It’s been a while since I felt that crowded feeling. We also order on DMart Ready as we have convenient pickup center nearby.
- On an average DMart/Dmart Ready saving is almost 30% on MRP for us. Long term avg, only based on our needs and choices. For example, we switched from Lifebuoy hand wash liquid to DMart private label one as we’re happy with the quality and the other brands don’t add much/any value for the extra price. But we stick to our preferred brand for certain items like Mayonnaise, ketchup, etc.
I don’t know if price difference across retailers differ significantly based on the zone/area/locality.
Broker’s call: Thangamayil Jewellery (Buy) (04-10-2024)
HDFC Securities
Sebi extends exemption from sending hard copies of reports to shareholders (04-10-2024)
Sebi on Friday extended the relaxation given to listed companies from sending physical copies of financial statements to shareholders for annual general meetings (AGMs) by one more year till September 30, 2025.
The relaxation was valid till September 2024.
The fresh decision comes after Ministry of Corporate Affairs (MCA) through a circular on September 19, 2024, extended the relaxation from sending physical copies of financial statements (including board’s report, auditor’s report or other documents) to shareholders, for AGMs conducted till September 30, 2025.
Also, the Securities and Exchange Board of India (Sebi) had received representations to extend the relaxation.
Against this backdrop, the markets watchdog has decided to provide relaxation till September 30, 2025, from LODR (Listing Obligations and Disclosure Requirements) Regulations, pertaining to dispatching of hard copies to shareholders.
The LODR rules require listed companies to dispatch a hard copy of the statement .
Supreme Petrochem receives affirmation in credit ratings (04-10-2024)
From India Ratings and Research
U.S. Employers Add 254,000 Jobs in September as Economic Growth Remains Solid (04-10-2024)
U.S. employers added 254,000 jobs in September, a sign that economic growth remained solid. The unemployment rate fell to 4.1 percent.
Stock brokers may participate in the G-Secs market, proposes Sebi (04-10-2024)
The regulatory framework issued by the relevant authority will specify how stock brokers operating on NDS-OM handle policy, eligibility, risk management, investor grievances, inspections, enforcement, and claims.
Nasdaq jumps over 1% at open after strong payrolls data (04-10-2024)
The Dow Jones Industrial Average opened up by 236.7 points (0.56%) at 42,248.26, while the S&P 500 gained 37.5 points (0.66%) to start at 5,737.48.