While Ms. Bondi, President-elect Donald J. Trump’s pick for attorney general, served as attorney general of Florida, her office declined to investigate allegations of fraud against his for-profit school.
Posts tagged All News
Jharkhand assembly elections: Will former CM Raghubar Das’ daughter-in-law reclaim Jamshedpur East for BJP? (22-11-2024)
Jamshedpur East, a long-held BJP stronghold, faces a crucial election as Purnima Sahu, daughter-in-law of former CM Raghubar Das, aims to reclaim the seat lost in 2019. Sahu’s campaign focused on continuing Das’s legacy, but faces challenges from an independent candidate and Congress contender Ajoy Kumar. The BJP hopes Sahu can restore their dominance in the region.
Jharkhand Assembly Election Results: Champai Soren eyes Saraikela constituency for a 7th term, but now for BJP (22-11-2024)
Veteran tribal politician and six-time representative of Jharkhand’s Saraikela district, Champai Soren, is contesting against his former party, the Jharkhand Mukti Morcha (JMM), in the current elections. Soren, now a BJP candidate, is a key figure in the BJP’s strategy to gain ground in the Kolhan region, where his legacy and influence hold significant sway, particularly among tribal communities.
Mike Shatzkin, Colorful Publishing Industry Guru, Dies at 77 (22-11-2024)
His blog, The Shatzkin Files, was an essential read for industry insiders. His observations about the changes digital publishing would bring were prophetic.
Harold W. Sims Jr., Whose Museum Honored the House Cat, Dies at 89 (22-11-2024)
He displayed some 10,000 cat-themed artifacts at the American Museum of the House Cat in North Carolina, which welcomed several thousand people a year.
PSP Projects – Construction Company (22-11-2024)
Yes, @CHAC3MEN, it’s an open secret, and this has been evident in its performance over the last 2-3 years. One thing I am confident about is the quality of its construction. As a civil engineer (from Adani Institute 
), I have seen and heard about the way the company operates. The construction quality is comparable to L&T. In fact, the promoter has publicly mentioned in many of his interviews that the company aspires to deliver L&T-level quality.
Antony Waste – Long Term (22-11-2024)
Few points to note:
- Volume growth from existing project is itself 6-8% per annum. So the idea of growing at 15-18% is plausible.
- Even if they dont get any additional projects, the company is expected to grow at 15-20% as per the management for the next 4-5 years. The management has mentioned in several interviews and con calls that they expect to repay their entire debt in the next 4-5 years.
- The compant generates over 100cr of cash from operating activities. Its credit rating has gradually improved. Therefore, it can generate ample cash and take on debt to invest in any future projects.
- Regarding competition in C&T, its not easy as it seems. Firstly, not all municipalities are financially healthy. So, one has to really pick and choose the projects. Thats where the experience of the management becomes relevant. Recently, as per the concall, the company did not bid for the chennai WTE project due to the Chennai municipality’s bad reputation. Not just that, AWHCL has a cluster based approach that targets projects nearby existing projects, which helps to reduce costs by increasing operating efficiency.
- If they get a go ahead to build WTE plants at Kanjurmarg from BMC. My guess is, the project could easily generate revenue upwards of 250 cr, as it would be 3-4 times of PCMC.
Right question to ask is what is a good valuation to purchase this stock.
Given these growth prospects, at what price does the stock scream buy.
IMHO, PE of 15 at EPS of FY 24 i.e 450rs is a good buying price.
What do you guys think? Would be happy to discuss valuations.
Forex reserves record biggest weekly drop as RBI moves to support rupee (22-11-2024)
At $17.8 billion, the reserves fell the most in the week ended November 15, eclipsing the $15 billion retreat in the week of October 24, 2008, when the subprime sinkhole had swallowed global financial assets – and emerging market currencies – in the immediate aftermath of the Lehman Brothers mothballing. This time, too, the rupee declined 79 paise per dollar, or 1%, since the reserves hit a record of $704.9 billion on September 27.
Digikore Studios Ltd – a micro cap VFX play with good growth potential (22-11-2024)
The AI music platform that they revealed today would be a big game changer for the company.
RBI injects Rs 25,000 cr via VRR route to boost system liquidity (22-11-2024)
The RBI injected funds worth Rs 25,000 crore via a variable rate repo auction (VRR) to ensure that recent overseas outflows from local debt and equity do not drive up banks’ cost of funds, analysts said. This is the second such auction that the RBI has conducted post its change in stance to neutral from withdrawal of accommodation.