Company may decide to change the rating agency. In this case existing agency will mention in their report that the issuer company is not co-operating. Over the period of time another agency might come up with new ratings. This is normal and should not be taken seriously.
India’s infra sectors’ growth in negative zone (30-09-2024)
The growth in production of eight key infrastructure sectors entered a negative zone after three-and-a-half years, contracting 1.8 per cent in August 2024 due to decline in output of coal, crude oil, natural gas, refinery products, cement and electricity, according to official data released on Monday. The growth rate was 6.1 per cent in July. The growth of core sectors — coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity — was 13.4 per cent in August 2023.
Sebi levies Rs 10 lakh fine on Anand Rathi for flouting stock brokers rules (30-09-2024)
Capital markets regulator Sebi on Monday imposed a fine of Rs 10 lakh on brokerage firm Anand Rathi Share and Stock Broker for flouting stock brokers’ rules and other norms.
The order came after the Securities and Exchange Board of India (Sebi) conducted a comprehensive inspection of Anand Rathi Share and Stock Broker Ltd (noticee), a Sebi-registered stock broker of BSE, NSE, MCX and NCDEX, for the period from April 2022 to October 2023.
Based on the findings of the inspection, the regulator found certain alleged non-compliances of Stock Brokers regulations and circulars issued by Sebi, NSE and BSE.
In its order, the regulator observed that in 55 instances, there was a short collection of margin/ MTM amounting to Rs 33.16 lakh.
However, Anand Rathi submitted that there was no margin shortfall, and they are adequately collecting margins from the clients and adhering to the regulatory guidelines.
Further, no supporting documents are submitted by the brokerage firm, therefore, the ..
Sebi levies Rs 10 lakh fine on Anand Rathi for violating stock brokers rules (30-09-2024)
Based on the findings of the inspection, the regulator found certain alleged non-compliances of Stock Brokers regulations and circulars issued by Sebi, NSE and BSE.
Sebi slaps Rs 12 lakh fine on NSE Data And Analytics (30-09-2024)
In its order, Sebi noted irregularities with respect to the backup of records and details of the Business Continuity Plan/Disaster Recovery policy, delay in sending acknowledgement letters to investors, irregularities with respect to system audit reports and cyber security audit framework and failure to validate KYC records.
Wise Travel India (WTI Cabs)- Driving the growth wisely? (30-09-2024)
Studying this company currently.
What I like:
- Employee transportation is an area where corporates struggle. There are 100s of players at every office location, but they fail to meet a lot of daily base goals like cabs plying on time
- Like Peter Lynch said, never ignore what’s going on near you. I dont come back home without spotting a WTi cab in Delhi NCR
- Their airport counter business has already reached 14cr in a few years. That’s B2C business, although with a slightly higher operational cost and fierce competition
What I don’t like:
- Competition. Having a company like this is every budding driver’s big dream. I have seen a few going on to start a small 2/3 cab service of their own. And since most big corporates outsource employee transportation, they don’t care who their providers are
- Their operational costs have a high rentals which they need to pay for using cabs. I understand this is an asset light way, but it certainly eats into margins
- Talking of margins, the company is at their peak margins. I dont really like companies who can’t expand their margins in 3-5 year horizon
Also, I dont really understand this Dubai move. Will continue to track and see how this goes, but to me this looks like a very naive, shady or gaudy move.
Solarworld Energy Solutions files draft papers for Rs 600-cr IPO (30-09-2024)
Proceeds from the fresh issue to the tune of Rs 420 crore will be used for investment in the company’s subsidiary, Kartik Solarworld, for part-financing the establishment of a 1.2 GW Solar PV TopCon manufacturing facility in Pandhurana, Madhya Pradesh, besides a portion will be utilised for general corporate purposes.
Does GMR Infrastructure have a Potential to be a multi-bagger (30-09-2024)
Which listed entity of GMR Group owns GMR Sports which has 50% ownership in the IPL team – Delhi Capitals?
Couldn’t find details on the same in any Annual report. Anybody has info on this?