Posts tagged All News
Murray McCory, 80, Dies; JanSport Founder Created the School Backpack (04-11-2024)
He brought lightweight packs to millions of students and transformed the way they carried their textbooks to school.
Cantabil India – Betting on Tier 2 and Tier 3 Consumption (04-11-2024)
Management Guidance given in Q2FY25.
• Volume Growth:
The company expects volume growth of 15-18% for FY25, driven by new store openings and organic growth from existing stores.
• Store Expansion:
Cantabil plans to open 70-80 new stores in FY25, with a mix of company-owned and franchise stores. This includes the 11 stores already opened in Q1 FY25.
• Same-Store Sales Growth (SSG):
Management expects 4-5% of overall growth to come from same-store sales (SSG), with the rest from new stores and slight increases in e-commerce.
• EBITDA Margin:
They expect to maintain their EBITDA margin at around 27-28% (post-Ind AS), supported by cost control and higher sales volumes.
• Geographical Expansion:
The company plans to focus on expanding within its current territories for the next two years before considering entry into new markets like South India.
Olectra Greentech – Electric Bus Opportunity (04-11-2024)
As per the order book, Olectra has ~ 10000 buses order but capacity is scaling to 5000 buses/year by FY25 end.
I think JBM already has 5000 buses capacity & Order book is also ~ 5000 with recent wins of PM E- seva and private bus order of 2000.
JBM is in strong position to deliver buses quickly after order win, Olectra may take 2.5 years to complete the existing order book
Fact-checking Claims of Voting Machines Intentionally ‘Flipping’ Votes (04-11-2024)
Voters sometimes make mistakes when they use digital voting machines. But the issues are quickly remedied.
Hinduja Group needs DPIIT nod, too, for Reliance Capital buy (04-11-2024)
The Hinduja Group got approval from the Reserve Bank of India to buy Reliance Capital. The deal still needs a green light from the Department for Promotion of Industry and Internal Trade. The Hinduja Group secured funding for the acquisition. The group raised ₹3,000 crore by issuing debentures and planned to raise another ₹4,300 crore.
Government calls applications for RBI Deputy Governor position (04-11-2024)
The Indian government is seeking a new deputy governor for the Reserve Bank of India. Applications are due by November 30. The position will succeed Michael Patra, whose term ends in January. Candidates need 25 years of experience in relevant fields. The appointment is for three years with a possibility of re-appointment. The government encourages applications from exceptional candidates.
New York Times Passes 11 Million Subscribers (04-11-2024)
The Times reported steady growth in digital subscriptions in the third quarter and a profit for The Athletic for the first time since it acquired the sports site in 2022.
Dharmendra Pradhan takes on Mallikarjun Kharge over university vacancies (04-11-2024)
Congress President Mallikarjun Kharge and Union Education Minister Dharmendra Pradhan engaged in a heated exchange on X regarding vacancies in central universities. Kharge highlighted a 27% vacancy rate, emphasizing unfilled SC, ST, and OBC positions.