‘Sexual assault’ in custody: BJD stages dharna near Raj Bhavan, Cong tries to gherao CM’s residence (21-09-2024)
The women’s wing of Biju Janata Dal (BJD) protested outside Raj Bhavan in Bhubaneswar against the alleged sexual assault of a woman in police custody. They demanded a court-monitored SIT probe and judicial inquiry. Congress activists also demanded the resignation of Odisha Chief Minister Mohan Charan Majhi over the incident.
ADGP-RSS meeting: Kerala CM denies political intermediary claims (21-09-2024)
Kerala Chief Minister Pinarayi Vijayan stated that sending policemen as political intermediaries is not the practice of the ruling Left. He addressed allegations about ADGP M R Ajithkumar meeting RSS leaders, emphasizing that the matter is under investigation and appropriate action will be taken based on the report received.
ONGC Videsh signs new gas deal for ACG Field, Azerbaijan (21-09-2024)
ONGC Videsh acquired 2.31% participating interest in ACG project in 2013
Cochin Shipyard, RVNL among 76 stocks to remain in focus next week for dividend, bonus issue, stock split. Do you own any? (21-09-2024)
Companies set record dates to determine which shareholders are qualified to receive benefits like buyback offers, bonus issues, or stock splits. You need to own the shares in your demat account on the record date to be eligible. Here’s a list of stocks approaching their record dates for various corporate actions next week.
Lotus Chocolate Company: A Tasty Affair (21-09-2024)
Hi Mohit,
Thankyou for your builds. Few pointers-
- Mondelez, Nestle & Mars have their own sources of cocoa because they own the farms hence they procure it a better price than the likes of Amul who rely on a third party to source the cocoa – in this case Lotus
- Agree with you that the recipes are different across brands – Silk & Galaxy are 100% pure chocolate while Dairy Milk , Amul etc are mix recipes – chocolate + compound (dry mix). This is exactly why you can buy a chocolate for Rs 10 in India while a chocolate costs > Rs 50 in the UK. India is a value for money market.
- Amul has increased prices by 30%. Pls don’t go by articles , pls look at the back of pack before and after.
- To your point on why prices have gone up in UK – simply because you can afford to pass on cost escalations to the consumer in that country/region as per capita chocolate consumption is 5kgs in UK but only 450gms in India. Why? – because consumers have many alternatives in India to satiate their indulgence cravings – traditional sweets – which are not available to the British. If you increase prices in India consumers will stop eating chocolates and switch to other alternatives. Hence most companies are happier taking a hit on their margins vs losing consumers altogether.
Question to answer is how long will companies like Amul be willing to take the margin hit and how will lotus make margins given escalating costs of cocoa & customer concentration risk – majorly Amul ?
Indostar Capital Finance Limited (21-09-2024)
I feel with banks now onboarded and rating stable AA-, high cost can be swapped with low cost in coming months/quarters.
Joining of Randhir Singh in July and management strategy focus seems to be now on vehicle finance and small business loans.
Management focus has been on increasing productivity and hence yields are on a positive trend and declining interest rates are only going to give more momentum on this vision.
If Indostar is able to change its market perception due to old legacy/goodwill a further rerating in coming quarters is likely. I can see early signs of management focused strategy on productivity, margins and growth. Any positives on NPA/Writebacks can further support.
Glenmark Pharma successful concludes USFDA inspection of its Aurangabad unit (21-09-2024)
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SpiceJet approves 48.7 crore share issue for Rs 3,000 crore QIP at Rs 61.60 apiece (21-09-2024)
SpiceJet has received shareholder approval to raise up to Rs 3,000 crore through a special resolution. The airline intends to use the funds to improve its financial situation and return to full operational capacity.