tag:blogger.com,1999:blog-47227020139336163102024-03-14T01:58:00.039+05:30NSE2ZOOMBest of ET , Real Estate and Multibagger Stock IdeasUnknownnoreply@blogger.comBlogger509125tag:blogger.com,1999:blog-4722702013933616310.post-23504339020636958142020-04-08T00:36:00.002+05:302020-04-08T00:44:38.954+05:30Why pharmaceutical MNC stocks are beating their Indian peers hands down<div dir="ltr" style="text-align: left;" trbidi="on">
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<h1 class="headline" data-mob="Why pharmaceutical MNC stocks are beating their Indian peers hands down" data-reg="Why pharmaceutical MNC stocks are beating their Indian peers hands down" id="headline_1568787949257" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0); backface-visibility: hidden; color: #212121; font-family: "Lato Black", sans-serif; font-size: 28px; line-height: 32px; list-style-type: none; margin: 0px 0px 5px; outline: none; overflow-wrap: break-word; padding: 10px 20px 0px; user-select: auto;">
Why pharmaceutical MNC stocks are beating their Indian peers hands down</h1>
<span class="articleInfo author" style="backface-visibility: hidden; color: #979797; display: block; font-family: "lato regular" , sans-serif; font-size: 14px; list-style-type: none; margin: -10px 0px 0px; outline: none; overflow-wrap: break-word; padding: 4px 20px 10px;"><a href="https://www.livemint.com/Search/Link/Author/Clifford%20Alvares" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0); backface-visibility: hidden; color: #757575; list-style-type: none; margin: 0px; outline: none; overflow-wrap: break-word; padding: 0px; text-decoration-line: none;"><span style="backface-visibility: hidden; color: #f7931e; list-style-type: none; margin: 0px; outline: none; overflow-wrap: break-word; padding: 0px;">Clifford Alvares</span></a></span><br />
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<li style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0); backface-visibility: hidden; background: url("/images/bullet.png") 0px 8px no-repeat; color: #757575; font-family: "PT Serif Regular", serif; font-size: 16px; line-height: 22px; list-style-type: none; margin: 6px 0px 0px; outline: none; overflow-wrap: break-word; padding: 0px 0px 0px 10px;">Pharma MNCs are riding on innovation and are operating in niche therapies where there is less competition</li>
<li style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0); backface-visibility: hidden; background: url("/images/bullet.png") 0px 8px no-repeat; color: #757575; font-family: "PT Serif Regular", serif; font-size: 16px; line-height: 22px; list-style-type: none; margin: 6px 0px 0px; outline: none; overflow-wrap: break-word; padding: 0px 0px 0px 10px;">US FDA inspections leading to cancellation of some drug launches in the US market has now impacted most Indian companies</li>
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Stocks of multinational <a href="https://www.livemint.com/market/mark-to-market/indian-pharmaceutical-companies-gain-from-easing-pricing-pressures-1567968004184.html" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0); backface-visibility: hidden; color: #1976d2; list-style-type: none; margin: 0px; outline: none; overflow-wrap: break-word; padding: 0px; text-decoration-line: none;" target="_blank">pharmaceutical companies</a> have outclassed their Indian peers this year, and chances are they could continue to maintain their edge in the near future. An index comprising of seven MNC pharma companies delivered returns of 9.3% since April this year as compared to a drop of 13% drop in a set of 20 Indian pharma stocks, data compiled by Mint Research shows. That results in an outperformance of as over 25%.</div>
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A combination of high domestic growth and better products in the domestic market are some of the key drivers for MNC <a href="https://www.livemint.com/market/mark-to-market/india-slowdown-to-increase-profitability-challenges-for-pharma-companies-in-q1-1563190054050.html" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0); backface-visibility: hidden; color: #1976d2; list-style-type: none; margin: 0px; outline: none; overflow-wrap: break-word; padding: 0px; text-decoration-line: none;" target="_blank">pharma stocks</a>.</div>
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"MNC pharma companies focus on a few brand products and enjoy premium pricing on these products as they are restricted to the top-end of the market. They also are 100% focused on the India market where there is less regulatory risk and on growing fewer premium brands in the domestic market. Whereas Indian pharmaceutical companies have about 30% of their revenue coming from the domestic market, and the rest is from overseas businesses. This exposes them to regulatory, currency and geopolitical risks which has an impact on their performance," says Krishnanath Munde, senior analyst, Reliance Securities Ltd.</div>
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No doubt, overseas exposure did boost the prospects of Indian pharmaceutical companies a few years ago, but <a href="https://www.livemint.com/companies/news/us-fda-red-flags-significant-violations-at-strides-pharma-s-puducherry-unit-1563368811182.html" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0); backface-visibility: hidden; color: #1976d2; list-style-type: none; margin: 0px; outline: none; overflow-wrap: break-word; padding: 0px; text-decoration-line: none;" target="_blank">US FDA inspections</a> leading to cancellation of some drug launches in the US market has now impacted most Indian companies.</div>
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MNC pharma companies, on the other hand, are riding on the innovation done by their parent companies and are operating in niches and therapies where there is less competition. This gives them an edge in the domestic market. "Some MNC pharma companies are into chronic therapies, which can persist for life, which is why MNCs command a valuation premium too," notes Munde.</div>
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Besides, these companies have traditionally had negligible debt on their balance sheets and better dividend payouts.</div>
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A drawback is that many of these MNC companies are not highly liquid or heavily traded, which results in a higher impact cost for investors who want to take large positions. As their stock prices have also run up significantly, some of these stocks are beginning to quote at astronomical valuations.</div>
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Astra Zeneca, for instance, quotes at a price-earnings multiple of 74 times trailing twelve- month earnings. Correspondingly, most Indian pharma companies quote at lower than 20 times earnings on the bourses. Hence, given the run up in MNC pharma companies and some lofty valuations, a health check-up of these stocks may do no harm.</div>
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Source : <a href="https://www.livemint.com/">https://www.livemint.com/</a></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-18228605093349952962020-04-08T00:09:00.000+05:302020-04-08T00:09:08.307+05:30Q&A: talking drug quality with Valisure, the first analytical pharmacy<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-size: x-large;">Q&A: talking drug quality with Valisure, the first analytical pharmacy<br />By <a href="https://www.pharmaceutical-technology.com/author/alexandranawrat/">Allie Nawrat</a></span><div>
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<span style="background-color: #fefefe; color: #5e5e5e; font-family: Lora, Georgia, serif; text-indent: 0px;">Grounded on personal experience of complications from taking below par drugs, Valisure is the only pharmacy in the US that puts each and every batch of medicines it buys through rigorous chemical tests before selling them to patients. Allie Nawrat talks to Valisure co-founder and CEO David Light about the company’s business model and why it has taken on the responsibility of quality assurance.</span></div>
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<span style="background-color: #fefefe; color: #5e5e5e; font-family: Lora, Georgia, serif; font-size: 22px; text-indent: 0px;"> CEO : DAvid Light</span></div>
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In September 2019, the US Food and Drug Administration (FDA) recalled generic versions of Zantac (ranitidine) after impurities of the carcinogen N-nitrosodimethylamine were found in numerous batches being distributed in the US. Other regulators quickly followed suit and began to recall all generic versions of ranitidine.</div>
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The company that first discovered the carcinogens in Zantac and reported them to the FDA was analytical pharmacy, Valisure.</div>
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This is just one high profile example, but Valisure chemically tests every batch of every medication it buys to ensure that the drugs being sold are exactly as they should be before selling them to patients.</div>
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Looking generally at Valisure’s work, CEO and co-founder David Light explains why the company’s has stepped up to guarantee safe, high quality drugs are dispensed to patients, while other industry stakeholders have largely sought to place responsibility for drug quality assurance elsewhere.</div>
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<span style="font-weight: bolder;">Allie Nawrat: What motivated you and your co-founder Adam Clark-Joseph to create Valisure?</span></h3>
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<span style="box-sizing: inherit; font-weight: bolder;">David Light:</span> Valisure started when a good friend of mine from college, Adam, called me up one day and to tell me about all these problems he was having with his anticonvulsant medication. Every once in a while he’d refill his meds and that month he felt terrible side effects and sometimes relapsed. He talked to his doctors, who said: “Listen, these days, most drugs are made in India and China, and there’s a lot of variability, and [there is] nothing we or your pharmacist can do about it”. But he obviously didn’t like that answer, so called me up. My background is in technology development of biotech tools, and I have spent a long time [working on] DNA sequencing developments.</div>
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The reality is that the only time that medications are actually chemically checked is sometimes at the manufacturing stage, which is then self-reported to the FDA. Maybe that worked better when things were done more locally, but with everything going overseas, [there are] a lot of cracks in the system. So, we figured let’s just do the analysis at the pharmacy, the end of the supply chain.</div>
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Currently we are rejecting over 10% of batches we’re analysing; this for a variety of reasons, [including] dosage, dissolution of the pills, incorrect ingredients and problems with contamination.</div>
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<span style="box-sizing: inherit; font-weight: bolder;">AN: How do you ensure carrying out these tests doesn’t make medicines more expensive for patients?</span></h3>
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<span style="box-sizing: inherit; font-weight: bolder;">DL:</span> We developed a variety of proprietary technologies, which we have ISO accreditation for, to address some of the most expensive components of analysing what is in a pill. It is all for high throughput analysis of high precision and the lowest possible cost.</div>
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The other important component of the business model is that unlike most pharmacies, we buy large amounts of inventory up front; we don’t buy day to day or even week to week, we try to buy six months or sometimes even a year’s worth of inventory. This has some float risk, but this allows us amortise our costs over a larger batch. Combining the cost savings from our technologies with buying large amounts of pills ahead of time, we can actually have a very low cost per pill. So when we sell medication to the patient, we can sell it at no additional cost.</div>
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We have good enough relationships with the various distributors we work with where we can actually sample the batches before we buy. So if they don’t pass [our testing], we just don’t buy them;. But if they do pass, we buy a large amount of that batch.</div>
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<span style="box-sizing: inherit; font-weight: bolder;">AN: How have regulators, patients and the pharma industry responded to Valisure’s approach?</span></h3>
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<span style="box-sizing: inherit; font-weight: bolder;">DL:</span> Patients have been very engaged. We’ve had a many telling us that they’ve had numerous problems with their medications and so they don’t trust them. Now we’ve created this category of the validated generic, which this has resonated a lot with patients, particularly those taking psychotropic drugs, anti-epileptic drugs, antidepressants, [as these are] areas where people really feel the differences in their medications.</div>
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What’s also been really interesting is that doctors, pharmacists and pharmacologists are proud that we’re doing this. They have known for a long time that these problems exist – there are a number of professionals, such as doctors at the Cleveland Clinic and Joe Graydon of the People’s Pharmacy, who have been outspoken critics for decades – and now they are excited that we’re actually doing something about it.</div>
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Companies that are making the drugs in much more high-quality environments and processes have reached out to us [asking] about ways we can work together as an industry to shine more light on which products are quality and which are not. Currently, the way the regulatory system works is that as long as it is an FDA approved facility, then [it is presumed] all the medicines are the same, but we see that they are definitely not. This disincentives companies that are going above and beyond for quality as those who are cutting corners on quality and using very cheap solvents are making a lot more profit.</div>
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Regulators have been very open to working with us although the legal infrastructure for building out an analytical pharmacy is entirely novel. The FDA has inspected us to ensure we are independent from pharma companies and has also requested that we just take our information, data and send it back to the industry to alert them of problems.</div>
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<span style="box-sizing: inherit; font-weight: bolder;">AN: Whose responsibility is it to ensure drugs that reach patients are of the right quality?</span></h3>
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<span style="box-sizing: inherit; font-weight: bolder;">DL:</span> Honestly, one of the problems [with the current system] is that [responsibility for drug quality assurance] is so shared. For the most part this has worked, most drugs that we see are of high quality; overall the pharmaceutical industry has doubled the human lifespan and created amazing products.</div>
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However, in a self-regulated industry with shared responsibility, there can be serious cracks and unfortunately it seems that these cracks are only getting bigger. Everybody agrees that there are problems in the system and they were getting worse, but nobody wants to do anything extra to help.</div>
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Manufacturers, distributors, big pharmacies all say: “It’s not our responsibility to do more quality assurance”. But at Valisure we have taken on the responsibility ourselves, [we see it as] our mission to plug [those gaps] and achieve that core value of quality assurance in terms of medications to affect as many patients as possible. We do this at the end of the supply chain before it’s actually going to get to a patient or a hospital; that’s where it’s most important to look.</div>
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But there really needs to be more vigilance and more responsibility across the supply chain and throughout the healthcare industry; supported by regulation, but [there is no need] to wait for the rules to change [before taking action on drug quality], Valisure didn’t.</div>
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<span style="background-color: #fefefe; color: #5e5e5e; font-family: Lora, Georgia, serif; text-indent: 0px;">Source : </span><a href="https://www.pharmaceutical-technology.com/">https://www.pharmaceutical-technology.com</a></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-8191454977461728472017-01-06T22:13:00.000+05:302017-01-06T22:13:16.294+05:30How the Badal Family’s Roadways Business – Orbit Transport – is Taking Punjab for a Ride<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: x-large;">How the Badal Family’s Roadways Business is Taking Punjab for a Ride</span><div>
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<i><span style="font-size: small;">The Punjab government has enriched private transport companies – most of which are owned by the Badals – while the state transport department collapses.</span></i></h3>
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<i>Punjab chief minister Parkash Singh Badal and deputy chief minister Sukhbir Singh Badal. Credit: PTI</i></div>
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Elections are around the corner in Punjab and in its final move, the incumbent Badal government has discreetly<a href="http://www.data2zoom.appspot.com/www.tribuneindia.com/news/punjab/punjab-largesse-for-pvt-bus-operators/301403.html" rel="external nofollow" style="color: #c0392b; text-decoration: none;" target="_blank" title="initiated a process">initiated a process</a> of extending route permits and enhancing operational schedules of private bus transporters at the cost of state-run transport buses, whose operational timings are being cut and permits taken away.</div>
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This move is one in a series of manipulations over the past few years of the state transport policy that favours private transportation agencies at the cost of the the state-owned transport department and the people of Punjab.</div>
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The attempt to enrich private transporters does not come as a surprise since the father-son duo of Punjab chief minister and deputy chief minister, Parkash Singh Badal and Sukhbir Singh Badal, directly own over 60% of the state’s private bus services. The business, which began with 10 buses in 2007, now runs over a thousand buses including a few hundred luxury coaches.</div>
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The family most recently <a href="http://www.data2zoom.appspot.com/indiatoday.intoday.in/story/badals-grabbed-two-more-transport-companies-captain-amarinder-singh/1/706226.html" rel="external nofollow" style="color: #c0392b; text-decoration: none; transition: all 0.3s ease-in-out;" target="_blank" title="acquired two more private transport agencies">acquired two more private transport agencies</a> based out of Hoshiarpur – Rajdhani Express and Azad Hoshiarpur – and with it added another 120 buses to their already swollen kitty.</div>
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The other companies of the Badal clan have also applied for an extension of routes and increase in daily trips in the area. Interestingly, the state transport commissioner, on the other hand, <a href="http://www.data2zoom.appspot.com/mahapunjab.com/badals-big-gift-private-bus-operators-elections/" rel="external nofollow" style="color: #c0392b; text-decoration: none; transition: all 0.3s ease-in-out;" target="_blank" title="has curtailed the operational time">has curtailed the operational time</a> of state transport buses originating from Hoshiarpur by over 700 minutes.</div>
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<strong>A labyrinth of Badal’s transportation companies</strong></div>
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The Badals have built a gigantic business empire with interests cutting across various sectors – transportation, media, liquor, hospitality and non-conventional energy, amongst others. In fact, in the road transport business alone, they control at least six different companies with annual revenue running into a few 100 crores. The businesses are orchestrated through a small group of family loyalists who hold top positions in their business ventures.</div>
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The flagship company of the Badals – Orbit Transport – quite literally acquired wings after it merged into Orbit Aviation, a company which was incorporated only three months after the Akali-BJP government came to power in the state in 2007. The directors of the company include Sukhbir’s brother-in-law, Gurmehar Majithia, and two other family loyalists, Mohammad Jameel and Mohammad Rafiq. In 2012, Sukhbir’s holding company, Orbit Resorts Pvt. Ltd – which runs several five-star hotels – acquired control over it and now owns a majority of the shareholdings. Orbit Aviation is the leading private transporter in the state today with the most number of route permits and buses.</div>
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Interestingly, the brother duo of Jameel and Rafiq also appear as directors in the Badal-owned Dabwali Transport Company Limited. While Sukhbir owns a majority stake in the company of 99.74%, other family related businesses are investors in it.</div>
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Documents from the Ministry of Corporate Affairs reveal that when combined with Orbit, the two companies earned an annual revenue of over Rs 150 crores in the last financial year. Jameel and Rafiq also appear as directors in at least 10 other business ventures operated by the Badals.</div>
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Another company controlled by the Badals is Taj Travels, that runs luxurious Mercedes Benz coaches in the state. The majority shareholding of the company is by another family loyalist, Lakhvir Singh (97%). He and one Jagpal Singh appear as the directors of the company.</div>
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Not only does the balance sheet of Taj Travels feature the private residence of Badals and land in Badal village as the fixed assets of the company, there is also clear evidence of multiple financial transactions of the company with other business ventures of the Badals.</div>
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Lakhvir and Jagpal are directors in two other major transport companies – Shan-e-Punjab Transport and Hargobind Travels – that are also backed by the Badal family. The two of them also appear as directors in other business ventures of the family including the recently acquired Indo-Canadian Transport Company which enjoys a monopoly service to the Indira Gandhi International Airport in Delhi.</div>
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The establishment of this monopoly is an intriguing story in itself. Indo-Canadian Transport has been profiting from a route which was marked as ‘non-viable’ by the state government in 2012. The government-owned Punjab Roadways initially began the service in 2010 to connect the NRI-rich Doaba region of Punjab with Delhi airport. The Volvo buses belonging to the state were, however, <a href="http://www.data2zoom.appspot.com/www.hindustantimes.com/punjab/volvo-igi-airport-service-withdrawn/story-O2HXq1M9W8iq62vGke3rlM.html" rel="external nofollow" style="color: #c0392b; text-decoration: none; transition: all 0.3s ease-in-out;" target="_blank" title="hastily withdrawn">hastily withdrawn</a> from service – leaving Indo-Canadian as the sole player.</div>
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This decision left everyone baffled because not only was the route popular among passengers but the transport department was also making a good profit from it.</div>
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<span style="font-size: small;"><a href="http://www.data2zoom.appspot.com/www.tribuneindia.com/news/punjab/badal-firm-profits-on-govt-s-unviable-route/75945.html" rel="external nofollow" style="color: #c0392b; text-decoration: none; transition: all 0.3s ease-in-out;" target="_blank" title="Allegations from">Allegations from</a> the Punjab Roadways Employee Union and Punjab Government Transport Workers Union suggest that the transport department was forced to withdraw its services after the Badals took over ownership of Indo-Canadian Transport Company in 2012.</span></div>
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The popularity of the route can be assessed from the fact that Indo-Canadian plies over 10 buses on the route every day. While Punjab Roadways charged a nominal Rs 650 for a single ticket, the private company jacked up the fare to Rs 2600. The passengers were left with no other option but to shell out the extra money.</div>
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<strong>Tweaking state transport policy to benefit private operators</strong></div>
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The Badals have often manipulated rules and used government machinery to consolidate their clan’s business empire. Three months after coming to power in March 2007, the Akali-BJP government started issuing permits for luxury buses to several private companies, including many of their own operators.</div>
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Three months later, in November, the government relaxed the <a href="http://www.data2zoom.appspot.com/www.punjabtransport.org/MOTOR%20VEHICLE%20%20TAX%20NOTIFICATION.pdf" rel="external nofollow" style="color: #c0392b; text-decoration: none; transition: all 0.3s ease-in-out;" target="_blank" title="taxation structure">taxation structure</a> for the transport industry. The new tax policy, however, had the oddest of anomalies – the costlier the bus, the lower the tax to be paid.</div>
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While the <a href="http://www.data2zoom.appspot.com/www.punjabtransport.org/FixationOfRateOfFareandFreights.pdf" rel="external nofollow" style="color: #c0392b; text-decoration: none; transition: all 0.3s ease-in-out;" target="_blank" title="passenger fare">passenger fare</a> of luxury buses was double that of the ordinary buses, the formula of calculating the Motor Vehicle Tax (MVT) was contrary to it. The MVT on ordinary buses was reduced by a mere 25 paise to Rs 2.25 per vehicle per km, but the tax on luxury coaches was reduced from Rs 7 to a mere 50 paisa per vehicle per km – a 93% drop in the tax rates.</div>
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Furthermore, luxury buses were given a tax exemption for 150 days, compared to a 50-day tax exemption for the regular ones. The disproportionate cut in the tax rate shifted the revenue from the state transport department – which owned a majority of regular buses – to the private transporters who operated most of the luxury buses. The demand for luxury travel multiplied in the state because of the steep fall in ticket prices.</div>
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The buses of the Badal family also enjoy preferential treatment in terms of prime routes and timings. A driver of a bus operated by the state-run Punjab Roadways, who did not wish to be identified, accused the private operators backed by ‘political rulers’ of muscling into the timetable to obtain the best timings during the peak hours. He also revealed that the timings were manipulated to ensure that these private operators get more time to sell tickets at the counter.</div>
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A perusal of the timetable reveals the manner in which state transport buses are scheduled before and after private buses. State transport sources say it is an open secret that the two government buses would invariably fail to show up on time, hence giving more time to the private operators at the counters. Master Mohan Lal, when he was the transport minister in the Badal government, not only <a href="http://www.data2zoom.appspot.com/www.tribuneindia.com/2011/20110930/main3.htm" rel="external nofollow" style="color: #c0392b; text-decoration: none; transition: all 0.3s ease-in-out;" target="_blank" title="admitted to such practices">admitted to such practices</a> but also alleged that the crew of many state-owned buses colluded with private operators in missing schedule timings and carrying a low passenger load.</div>
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In fact, it is a common scenario at the bus stands in Punjab that while a government bus would get only a two to four minutes stop at the bus counter, buses owned by the Badals were allowed to wait until filled to capacity. A few other drivers also complained of musclemen being employed by private operators to ‘hijack’ passengers from government buses to the private ones.</div>
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<span class="chart-title">Official data on state-owned buses</span></h1>
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<a class="active" href="http://datawrapper.dwcdn.net/Fh89p/1/#0" style="background: rgb(255, 255, 255); border-bottom-color: rgb(85, 85, 85); border-bottom-style: solid; border-bottom-width: 3px; box-shadow: none; color: black; cursor: default; font-weight: bold; height: 28px; line-height: 28px; padding: 10px 10px 6px; text-decoration: none;">Number of state-owned buses</a><a class="" href="http://datawrapper.dwcdn.net/Fh89p/1/#1" style="color: #666666; height: 28px; line-height: 28px; padding: 10px; text-decoration: none;">Kilometres traversed by state-owned buses</a></div>
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<svg height="149" style="position: relative;" version="1.1" width="877" xmlns="http://www.w3.org/2000/svg"><defs style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);"></defs><rect fill="#c2446b" height="92" r="0" rx="0" ry="0" stroke-width="1" stroke="none" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);" width="222" x="17" y="25"></rect><rect fill="#c2446b" height="72" r="0" rx="0" ry="0" stroke-width="1" stroke="none" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);" width="222" x="317" y="45"></rect><rect fill="#c2446b" height="48" r="0" rx="0" ry="0" stroke-width="1" stroke="none" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);" width="222" x="618" y="69"></rect></svg><div class="label value outline hover" style="font-weight: bold; left: -10000px; position: absolute;">
<span style="color: #333333; text-shadow: rgb(255, 255, 255) 0px 1px 0px, rgb(255, 255, 255) 1px 0px 0px, rgb(255, 255, 255) 0px -1px 0px, rgb(255, 255, 255) -1px 0px 0px, rgb(255, 255, 255) 1px 1px 0px, rgb(255, 255, 255) 1px -1px 0px, rgb(255, 255, 255) -1px -1px 0px, rgb(255, 255, 255) -1px 1px 0px, rgb(255, 255, 255) 0px 2px 1px, rgb(255, 255, 255) 2px 0px 1px, rgb(255, 255, 255) 0px -2px 1px, rgb(255, 255, 255) -2px 0px 1px, rgb(255, 255, 255) -1px 2px 0px, rgb(255, 255, 255) 2px -1px 0px, rgb(255, 255, 255) -1px -2px 0px, rgb(255, 255, 255) -2px -1px 0px, rgb(255, 255, 255) 1px 2px 0px, rgb(255, 255, 255) 2px 1px 0px, rgb(255, 255, 255) 1px -2px 0px, rgb(255, 255, 255) -2px 1px 0px;">1,834</span></div>
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<span style="color: #333333; text-shadow: rgb(255, 255, 255) 0px 0px 2px;">2015-16</span></div>
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<span style="color: #333333; text-shadow: rgb(255, 255, 255) 0px 1px 0px, rgb(255, 255, 255) 1px 0px 0px, rgb(255, 255, 255) 0px -1px 0px, rgb(255, 255, 255) -1px 0px 0px, rgb(255, 255, 255) 1px 1px 0px, rgb(255, 255, 255) 1px -1px 0px, rgb(255, 255, 255) -1px -1px 0px, rgb(255, 255, 255) -1px 1px 0px, rgb(255, 255, 255) 0px 2px 1px, rgb(255, 255, 255) 2px 0px 1px, rgb(255, 255, 255) 0px -2px 1px, rgb(255, 255, 255) -2px 0px 1px, rgb(255, 255, 255) -1px 2px 0px, rgb(255, 255, 255) 2px -1px 0px, rgb(255, 255, 255) -1px -2px 0px, rgb(255, 255, 255) -2px -1px 0px, rgb(255, 255, 255) 1px 2px 0px, rgb(255, 255, 255) 2px 1px 0px, rgb(255, 255, 255) 1px -2px 0px, rgb(255, 255, 255) -2px 1px 0px;">3,513</span></div>
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<span style="color: #333333; text-shadow: rgb(255, 255, 255) 0px 0px 2px;">2001-02</span></div>
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<span style="color: #333333; text-shadow: rgb(255, 255, 255) 0px 1px 0px, rgb(255, 255, 255) 1px 0px 0px, rgb(255, 255, 255) 0px -1px 0px, rgb(255, 255, 255) -1px 0px 0px, rgb(255, 255, 255) 1px 1px 0px, rgb(255, 255, 255) 1px -1px 0px, rgb(255, 255, 255) -1px -1px 0px, rgb(255, 255, 255) -1px 1px 0px, rgb(255, 255, 255) 0px 2px 1px, rgb(255, 255, 255) 2px 0px 1px, rgb(255, 255, 255) 0px -2px 1px, rgb(255, 255, 255) -2px 0px 1px, rgb(255, 255, 255) -1px 2px 0px, rgb(255, 255, 255) 2px -1px 0px, rgb(255, 255, 255) -1px -2px 0px, rgb(255, 255, 255) -2px -1px 0px, rgb(255, 255, 255) 1px 2px 0px, rgb(255, 255, 255) 2px 1px 0px, rgb(255, 255, 255) 1px -2px 0px, rgb(255, 255, 255) -2px 1px 0px;">2,766</span></div>
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<span style="color: #333333; text-shadow: rgb(255, 255, 255) 0px 0px 2px;">2009-10</span></div>
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<span style="color: #333333; text-shadow: rgb(255, 255, 255) 0px 1px 0px, rgb(255, 255, 255) 1px 0px 0px, rgb(255, 255, 255) 0px -1px 0px, rgb(255, 255, 255) -1px 0px 0px, rgb(255, 255, 255) 1px 1px 0px, rgb(255, 255, 255) 1px -1px 0px, rgb(255, 255, 255) -1px -1px 0px, rgb(255, 255, 255) -1px 1px 0px, rgb(255, 255, 255) 0px 2px 1px, rgb(255, 255, 255) 2px 0px 1px, rgb(255, 255, 255) 0px -2px 1px, rgb(255, 255, 255) -2px 0px 1px, rgb(255, 255, 255) -1px 2px 0px, rgb(255, 255, 255) 2px -1px 0px, rgb(255, 255, 255) -1px -2px 0px, rgb(255, 255, 255) -2px -1px 0px, rgb(255, 255, 255) 1px 2px 0px, rgb(255, 255, 255) 2px 1px 0px, rgb(255, 255, 255) 1px -2px 0px, rgb(255, 255, 255) -2px 1px 0px;">1,834</span></div>
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<span style="color: #333333; text-shadow: rgb(255, 255, 255) 0px 0px 2px;">2015-16</span></div>
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*No official data available</div>
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<strong><span style="font-family: Arial, Helvetica, sans-serif;">The presumptuousness of the Badal family</span></strong></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">It has become an unwritten rule in Punjab that the police will not register an FIR against a bus operated by the Badal family even in cases of grave offences. In May, the Punjab police refused to file a complaint against the driver and conductor of an Orbit Aviation bus when a 13-year-girl died allegedly after being raped inside the bus in Moga.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">After a media furore, the police was forced to act; however, the Badals ensured that the family members of the victim<a href="http://www.data2zoom.appspot.com/indianexpress.com/article/india/india-news-india/moga-molestation-death-victims-mother-turns-hostile/" rel="external nofollow" style="color: #c0392b; text-decoration: none; transition: all 0.3s ease-in-out;" target="_blank" title="turned hostile">turned hostile</a> in court. This should not come as a surprise considering the fact that the Badals were able to <a href="http://www.data2zoom.appspot.com/www.dnaindia.com/india/report-137-witnesses-turn-hostile-in-parkash-singh-badal-corruption-case-1369907" rel="external nofollow" style="color: #c0392b; text-decoration: none; transition: all 0.3s ease-in-out;" target="_blank" title="turn 137 witnesses hostile">turn 137 witnesses hostile</a> in a disproportionate asset case filed against them in 2010.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The government has also adopted several other mechanisms to wreck the state transport machinery. An amount of Rs 43 crores was allocated to start 225 new buses during the annual budget this year, however, not a single penny has been released till date. Surinder Singh, the convener of the Punjab Roadways Employees Joint Action Committee, <a href="http://www.data2zoom.appspot.com/dailypost.in/punjab/punjab-government-fails-to-start-fleet-of-225-new-punjab-roadways-buses/" rel="external nofollow" style="color: #c0392b; text-decoration: none; transition: all 0.3s ease-in-out;" target="_blank" title="recently mentioned">recently mentioned</a> that the state transport department was left with only 1,690 buses against the minimum fleet of 2,404 buses guaranteed by the Punjab government.</span></div>
<div style="background-color: white; color: #222222; line-height: 25.575px; margin-bottom: 30px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Delays in the introduction of railway links between major cities of Punjab have also been blamed on the powerful bus transport lobby. For instance, 30 years after the work first started, the government has failed to connect the hundred kilometres between Ludhiana and Chandigarh. Other important missing rail links include Bathinda-Amritsar, Barnala-Mansa and Amritsar-Anandpur Sahib. In the absence of railway connectivity, people are forced to travel by buses that are not only more expensive but also relatively unsafe and uncomfortable.</span></div>
<div style="background-color: white; color: #222222; line-height: 25.575px; margin-bottom: 30px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Private operators have further exploited the loopholes in the current transport policy to access the more profitable routes of the state transport department. A common strategy is to pick multiple permits for shorter routes and later tweak the rules to get them transformed into a longer and more profitable permit.</span></div>
<div style="background-color: white; color: #222222; line-height: 25.575px; margin-bottom: 30px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Many government drivers and conductors told this writer that the powerful private operators evade taxes and mandatory charges and operate multiple buses on a single permit. An investigation by a Punjabi news channel, Day and Night News<em>,</em> also revealed that several private buses were run on the names of indigent persons who neither had the information nor the resources for the same.</span></div>
<div style="background-color: white; color: #222222; line-height: 25.575px; margin-bottom: 30px;">
<span style="font-family: Arial, Helvetica, sans-serif;">The systematic manipulation of Punjab’s transport policy by the Badal government over the years has resulted in a remarkable growth for private transporters while leading to a structured collapse of the government transport department. Not only has the state department suffered a drop in the total kilometres traversed by their fleet but it also saw a fall in the number of permits and buses owned. Although the department faces an accumulated loss of over Rs 460 crores today, the real loser has been the common public, at the cost of whom the coffers of a few are being filled.</span></div>
<div style="background-color: white; color: #222222; line-height: 25.575px; margin-bottom: 30px;">
<em style="line-height: 25.575px;"><span style="font-family: Arial, Helvetica, sans-serif;">Lovish Garg is a student at the NALSAR University of Law, Hyderabad.</span></em></div>
<div style="background-color: white; color: #222222; font-family: 'Noto Serif', Georgia, serif; line-height: 25.575px; margin-bottom: 30px;">
<span style="font-size: 16.5px;">Source : </span><span style="font-size: x-small;"><a href="http://thewire.in/">thewire.in</a> ; <em style="background-color: transparent; line-height: 25.575px;">Lovish Garg</em></span></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-86053132093314705842016-08-25T02:13:00.003+05:302016-08-25T02:19:21.606+05:30BF Utilities jumps 18% as Deve Gowda withdraws opposition to infra project <div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;"><b>BF Utilities jumps 18% as Deve Gowda withdraws opposition to infra project </b></span></span><br />
<span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;"><b><br /></b></span></span>
<span style="background-color: white;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: small;"><a href="http://economictimes.indiatimes.com/bf-utilities-ltd/stocks/companyid-3184.cms" pg="asTopicL1" rollapp-href="http://economictimes.indiatimes.com/bf-utilities-ltd/stocks/companyid-3184.cms" target="_blank">BF Utilities</a>, a part of the Baba Kalyani Group, surged as
much as 18 per cent to Rs 609 on Wednesday after former Prime Minister <a href="http://economictimes.indiatimes.com/topic/HD-Deve-Gowda" rollapp-href="http://economictimes.indiatimes.com/topic/HD-Deve-Gowda" target="_blank">HD Deve
Gowda</a> decided to withdraw his protest against the Bengaluru-Mysuru
Infrastructure Corridor (BMIC), a pet project of BF Utilities. The stock, once
the fastest value creator between 2004 and 2006, has stayed on the sidelines due
to political and legal battles <br /><br />Shares of BF Utilities surged a mammoth
13,480 per cent in two years from Rs 25 in November 2004 to an all-time high of
Rs 3,395 in November 2006. After six years of successive losses, the company
reported a consolidated net profit of Rs 121 crore for the financial year ended
September 2015 and a 118 per cent jump in income to Rs 519 crore. "I don't have
any idea why Mr. Gowda made that statement suddenly. But on 29th August there is
Supreme Court hearing. The court had asked us to settle the matter outside but
that has not happened. So we will be going to the court anyway," said Ashok
Kheny, managing director, Nandi Infra Corridor Enterprise, a subsidiary of BF
Utilities. <br /><br />The stock is trading at a price-toearnings multiple of 35
times its trailing 12-month earnings, a discount to peers like <a href="http://economictimes.indiatimes.com/sobha-developers-ltd/stocks/companyid-19352.cms" pg="asTopicL1" rollapp-href="http://economictimes.indiatimes.com/sobha-developers-ltd/stocks/companyid-19352.cms" target="_blank">Sobha Developers</a> and Puravankara. But analysts are not
convinced about the growth prospects. "Though the company has a huge land bank,
but the stock is highly speculative," said G Chokkalingam, CEO, Equinomics
Research and Advisory. "I would not recommend to buy this stock as many other
quality real estate players are available". <br /><br />After a nearly 13-year
struggle, Deve Gowda decided to distance himself from his relentless campaign
against the BMIC project due to poor health and disillusionment, The Times of
India reported on Wednesday. <br /><br />BFUL is an integrated infrastructure
developer engaged in the development of the Bengaluru-Mysuru Infrastructure
Corridor, one of the largest integrated infrastructure projects in India
entailing the development of a 111-km expressway, 9.1-km link road, 41-km
peripheral road and 5 townships along the expressway. <br /><br />Gowda launched a
series of campaigns demanding a CBI probe into irregularities in the project and
pressuring the government to withdraw the excess land. The company has sole and
exclusive right to develop BMIC, which will comprise expressways,
self-sustaining townships and other large mixed-use developments. In addition to
the BMIC Project, the company owns and operates the Hubli-Dharwad Bypass Road
and a 18.33-MW wind power project in Satara district in Maharashtra. </span></span><br />
<span style="background-color: white;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: medium;"><br /></span></span>
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<div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: arial; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">
<b>Source : </b><a href="http://economictimes.com/" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #024d99; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">http://economictimes.indiatimes.com</a>; <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">By </span><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Rajesh Mascarenhas & Jwalit Vyas</span><span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"> </span><br />
<br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-37760123973504611072016-08-25T01:58:00.003+05:302016-08-25T02:00:06.916+05:30Why Narendra Modi should announce a mayor for Mumbai<div dir="ltr" style="text-align: left;" trbidi="on">
<h1 style="font-family: 'Roboto Slab', serif; font-size: 32px; line-height: 37px; margin: 10px 0px; padding: 0px;">
Why Narendra Modi should announce a mayor for Mumbai</h1>
<div class="intro-box" style="font-size: 16px; line-height: 20.8px; margin-bottom: 15px; margin-top: 10px; padding: 0px;">
<i><span style="font-family: Arial, Helvetica, sans-serif;">Mumbai is the world’s sixth-largest city, with a population more than several countries, including Australia, or three times the size of London</span></i></div>
<div class="intro-box" style="font-family: 'Roboto Slab', serif; font-size: 16px; line-height: 20.8px; margin-bottom: 15px; margin-top: 10px; padding: 0px;">
<span style="color: #575757; font-size: 14px; font-weight: 700; line-height: 26px;"><a href="http://www.livemint.com/Search/Link/Author/IreenaVittal" rollapp-href="http://www.livemint.com/Search/Link/Author/Ireena%20Vittal" style="color: #575757; margin-right: 0px; text-decoration: none;">Ireena Vittal</a></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://2.bp.blogspot.com/-n3O0C5Crd7A/V74DH4LYyqI/AAAAAAAAGPU/qj_dbRgTWhYEE7GnlJb2QkIyVxqIrsppQCLcB/s1600/modidalitpti-kLNF--621x414%2540LiveMint.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="425" src="https://2.bp.blogspot.com/-n3O0C5Crd7A/V74DH4LYyqI/AAAAAAAAGPU/qj_dbRgTWhYEE7GnlJb2QkIyVxqIrsppQCLcB/s640/modidalitpti-kLNF--621x414%2540LiveMint.jpg" width="640" /></a></div>
<i><br /></i>
<span style="color: #575757; font-family: "roboto slab" , serif; font-size: 14px; line-height: 19.6px;"><i>A file photo of Prime Minister Narendra Modi. Photo: PTI</i></span><br />
<span style="color: #575757; font-family: "roboto slab" , serif; font-size: 14px; line-height: 19.6px;"><br /></span>
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<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Newspaper reports suggest that Prime Minister Narendra Modi is likely to campaign for the 2017 elections to the Brihanmumbai Municipal Corporation (BMC). Clearly, running India’s second-largest city matters to Modi’s Bharatiya Janata Party (BJP). A win could strengthen the BJP’s political position with a difficult regional ally, the Shiv Sena. It could also build credibility with 22 million Mumbaikars (and citizens in other cities), if the planned investment of <span style="font-family: 'Utopia Std_Rupee';"><span class="WebRupee" style="font-family: WebRupee;">Rs.</span></span>1 trillion rejuvenates the city, creates jobs and expands incomes.</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">The incumbents will fight hard to retain control: the city defines their identity and BMC’s mammoth annual budget of <span style="font-family: 'Utopia Std_Rupee';"><span class="WebRupee" style="font-family: WebRupee;">Rs.</span></span>37,000 crores gives them heft. So what could the PM offer that will help his party win in a city of sceptical, apathetic voters (38.4% voted in the last municipal election)?</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">For one, he could offer a new approach to run the city: an elected political mayor with a tenure of five years, empowered and accountable to fix the city. Why is this needed? For starters, Mumbai is slowly dying and fixing it needs more than investing in a few projects.</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">It is the world’s sixth-largest city, with a population more than several countries, including Australia, or three times the size of London. It contributes 30% of income tax and 60% of custom duty. Migrants still flock to it, women feel safer in Mumbai than in any other Indian city, and communities come together for everything from Ganesh Chaturthi to street cricket.</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Infrastructure is creaking but trains and buses mostly run on time. It also has the most exciting redevelopment plan in India (16.5 acres by the Bohra community).</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Yet, the city is in decline, and losing the battle for jobs and capital. Since 1991, while its population doubled to an estimated 22 million, its design has largely remained unchanged, stressing the legacy set-up. With the sub-optimal experiment to create another business district in Navi Mumbai, it remains a north-south city, putting disproportionate pressure on the suburban train infrastructure, increasing transit time for the average citizen and making homes unaffordable. Land use remains static and no new land has been released.</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Quality of life has deteriorated with inadequate investment in affordable housing, transport, water, sewage and storm-water drains, especially in the suburbs. The city is routinely hit by flooding, rising pollution and drug-resistant diseases.</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Mumbai also seems to have lost some of its appeal due to the high cost of living or doing business. A look at its roster of corporate residents confirms this. While it remains the headquarters of older companies and banks, most start-ups tend to prefer Gurgaon or Bengaluru.</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Mumbaikars are also voting with their feet. The island city has seen its gross domestic product (GDP) shrink as talent prefers jobs in suburbs, where they can afford to live, which in turn forces companies to move out of South Mumbai.</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">So what can be done to save the metropolis?</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">For starters, there is a critical need for a ‘blueprint’ to improve citizens’ quality of life: projects to improve transportation, resilience and security. Also needed is a plan to renew land use: unlock tracts of government-owned land (such as the Mumbai Port Trust and reclaimed land), design multiple cities within the metropolitan area and tailor floor space index to drive desired density. Indeed, committed citizens and bureaucrats are currently debating Mumbai Development Plan 2034.</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">There is also a need for an ‘economic’ story to attract investors: articulate Mumbai’s role in the economic growth of India, the kind of jobs it wants to attract and the quality of infrastructure and policies it will offer to de-risk business.</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Finally, the new mayor needs to engage citizens (especially the young) and align political parties using a compelling ‘political’ story. This is essential to balance the short-term election imperative (state and BMC elections every five years) with a renewal plan that will bear fruit over 15-20 years.</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">While the ‘what’ is clear, the ‘how and who’ remain the challenge.</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Fixing Mumbai needs a deft, trusted political leader accountable for this renewal. Why? A look at the ‘jobs to be done’ makes this obvious.</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">To execute this plan, the leader will raise funds (use public land and debt, raise and collect fees for citizen services provided, fight for central and state grants), allocate capital sensibly (finalize projects and sequence them ensuring equity across wards, the rich and the poor) and ensure project execution (create audited books of account, hire private partners and agencies, coordinate across the corporation, re-organize where required).</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">He or she will need to ‘sell’ this story to investors and citizens. This is not the job for the best of bureaucrats. These officers have short tenures (transfers every 2-3 years), cannot take risks (the spectre of the Comptroller and Auditor General of India) and can get crushed between political parties. Clearly, this job is best done by a political representative of the people, with a clear mandate to make choices on their behalf.</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Cities know they need leaders. Global cities elect mayors, some of who eventually run countries (e.g. Indonesia, Italy, and Philippines). Indian law too recognized this via the 73rd and 74th constitutional amendment almost two decades back. Indeed executing this is a state subject.</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Some attempts have been made: Kolkata has an effective mayor-commissioner model while Chennai flirted with an elected mayor for a few years and Bengaluru got a city minister last year. But this law remains largely on paper due to missing political will.</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">Perhaps state leaders are uncomfortable with giving someone control over ‘valuable’ urban land or worry about creating city leaders, even when this might be the best approach for a cadre-led party to create local leadership (as the Chinese communist party realized 30 years back).</span></div>
<div style="line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;">So when he campaigns in Mumbai, PM Narendra Modi could take the lead by encouraging state leaders to announce a candidate for the city’s mayor, who would be empowered and made accountable. An owner with a long-term view is the best bet to kick-start the long journey to renew Mumbai. And the PM could win the 2017 battle for BMC and the 2019 war for India.</span></div>
<div style="font-size: 16px; line-height: 25.6px; margin-bottom: 15px; padding: 0px;">
<i><span style="font-family: Arial, Helvetica, sans-serif;">Ireena Vittal is a former partner at McKinsey & Co. Her areas of specialization include emerging markets, agriculture and urban development.</span></i></div>
<div class="author-box" style="color: #575757; float: left; font-family: 'Roboto Slab', serif; font-size: 14px; line-height: 25.6px; margin: 0px; padding: 0px;">
<a class="mail-icon" href="mailto:feedback@livemint.com?subject=Why%20Narendra%20Modi%20should%20announce%20a%20mayor%20for%20Mumbai" rollapp-href="mailto:feedback@livemint.com?subject=Why%20Narendra%20Modi%20should%20announce%20a%20mayor%20for%20Mumbai" style="background-attachment: initial; background-clip: initial; background-image: url("/rw/PortalConfig/LiveMint/static_content/images/v2/sprite-icons-v4.png"); background-origin: initial; background-position: -22px -23px; background-repeat: no-repeat; background-size: initial; color: #575757; display: inline-block; font-weight: 700; height: 24px; margin-right: 8px; vertical-align: bottom; width: 30px;"></a><span style="font-weight: 700; line-height: 26px;"><a href="http://www.livemint.com/Search/Link/Author/IreenaVittal" rollapp-href="http://www.livemint.com/Search/Link/Author/Ireena%20Vittal" style="color: #575757; margin-right: 0px;">Ireena Vittal</a></span></div>
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<b>Source : </b><a href="http://www.livemint.com/Opinion">http://www.livemint.com/Opinion</a>; IreenaVittal</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-91826238508366155752016-08-25T01:40:00.002+05:302016-08-25T01:40:46.259+05:30Fear Not – July 2016 is not Dec 2007<div dir="ltr" style="text-align: left;" trbidi="on">
<h2 class="entry-title" style="background-color: white; box-sizing: inherit; clear: both; color: #1a1a1a; font-family: Montserrat, 'Helvetica Neue', sans-serif; line-height: 1.225; margin: 0px 0px 1.05em; text-rendering: optimizeLegibility;">
<a href="http://alphaideas.in/2016/08/24/fear-not-july-2016-not-dec-2007/" rel="bookmark" rollapp-href="http://alphaideas.in/2016/08/24/fear-not-july-2016-not-dec-2007/" style="background-color: transparent; box-sizing: inherit; color: #1a1a1a; text-decoration: none;"><span style="font-size: large;">Fear Not – July 2016 is not Dec 2007</span></a><a href="https://4.bp.blogspot.com/-Dv6IC_I1WeE/V73--5orveI/AAAAAAAAGPI/tAuMjSv8cBMWblV6S0Z_n47GKLR7Q3wNwCLcB/s1600/IMG-20160824-WA0000.jpg" imageanchor="1" style="background-color: transparent; font-size: 2.5rem; margin-left: 1em; margin-right: 1em; text-align: center;"><img border="0" height="640" src="https://4.bp.blogspot.com/-Dv6IC_I1WeE/V73--5orveI/AAAAAAAAGPI/tAuMjSv8cBMWblV6S0Z_n47GKLR7Q3wNwCLcB/s640/IMG-20160824-WA0000.jpg" width="615" /></a></h2>
<b>Source : </b><a href="http://www.icicipruamc.com/">http://www.icicipruamc.com</a>, <a href="http://alphaideas.in/">http://alphaideas.in</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-43069816204784548322016-08-25T01:35:00.003+05:302016-08-25T02:00:33.736+05:30An idiotic idea that worked<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: yellow; font-family: "roboto slab" , serif; font-size: 32px; line-height: 37px;"><b>An idiotic idea that worked</b></span><br />
<div class="intro-box" style="font-size: 16px; line-height: 20.8px; margin-bottom: 15px; margin-top: 10px; padding: 0px;">
<span style="font-family: Arial, Helvetica, sans-serif;"><i>For all policymakers, D. Subbarao’s book is a must-read as it provides them lessons on how to navigate in tough times</i></span></div>
<span style="color: #575757; font-family: "roboto slab" , serif; font-size: 14px; font-weight: 700; line-height: 26px;"><a href="http://www.livemint.com/Search/Link/Author/Ajit%20Ranade" rollapp-href="http://www.livemint.com/Search/Link/Author/Ajit%20Ranade" style="color: #575757; margin-right: 0px; text-decoration: none;">Ajit Ranade</a></span><br />
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<a href="https://2.bp.blogspot.com/-c7XskPvhXOw/V7392FjVbhI/AAAAAAAAGPA/XOPxuW8PCe4IvhaXi5neU1fAF1warL8AgCLcB/s1600/subba-kXBB--621x414%2540LiveMint.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="266" src="https://2.bp.blogspot.com/-c7XskPvhXOw/V7392FjVbhI/AAAAAAAAGPA/XOPxuW8PCe4IvhaXi5neU1fAF1warL8AgCLcB/s400/subba-kXBB--621x414%2540LiveMint.JPG" width="400" /></a></div>
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<span style="color: #575757; font-family: "roboto slab" , serif; font-size: 14px; line-height: 19.6px;"><i>Former RBI governor D. Subbarao. Photo: Abhijit Bhatlekar/Mint</i></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Rare is the governor of a central bank who pens his memoirs soon after leaving his corner office. Former Reserve Bank of India (RBI) governor D. Subbarao’s book<i>Who Moved My Interest Rate?</i> is exceptional not just because it comes barely three years after he left Mint Street, but also because of its lucidity and plain speak. It chronicles the turbulent times between 2008 and 2013 when Subbarao headed the RBI.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">It was baptism by fire for him, as Lehman imploded within 10 days of his taking charge, leading to the global financial crisis, and much turmoil in India as well. The RBI had to resort to several unconventional actions to protect India from contagion, to calm the markets and ensure some stability. Just as that crisis was ending, the challenge of combating high and persistent inflation in India surfaced. Coupled with that was record high trade and fiscal deficits, and consequent rupee depreciation. To cap it was the rupee panic of 2013 caused by the talk of the tapering of US Federal Reserve’s monetary stimulus. Thus all five years of Subbarao’s tenure were marked by difficult challenges to financial stability, inflation or the exchange rate. His book is a jargon-free primer on the challenges of central banking in a world of turmoil often caused by factors beyond the country’s borders. His emphasis on plain speak was evident even during his tenure, as in his book, as he maintained that his mission was also to demystify the RBI and its functioning.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">One of the most interesting, and by the author’s own admission, most difficult to write chapter, is called the Rupee Tantrums. Exchange rate management requires “real-time” decision-making, unlike inflation control. It also entails expectation management, or else currency crisis can be caused merely as a self-fulfilling prophecy.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The currency crisis of 2013, in wake of the taper talk, was unprecedented because India was among only a handful of countries called the “fragile five”, facing acute currency pressure. To stem speculative attacks, India tried everything from hiking interest rates to partial clamping down on dollar outflows. Nothing seemed to be working, perhaps not even an outright ban on import of gold (which thankfully was not tried).</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">At a recent discussion on the book, incumbent RBI governor Raghuram Rajan, who was then an officer on special duty in the RBI, recounted that among all the ideas in 2013 was also an “idiotic one”. This was to entice dollar inflows into India, by offering subsidized protection against rupee depreciation. This would provide comfort to foreign investors. The forward cover (or full insurance cost) on the rupee-dollar was about 7% per annum, of which the RBI could cover 3.5%. Assuming an inflow of $10 billion, over a three-year period, this could easily cost the RBI and the exchequer between <span style="font-family: "utopia std_rupee";"><span class="WebRupee" style="font-family: "webrupee";">Rs.</span></span>10,000 crore and <span style="font-family: "utopia std_rupee";"><span class="WebRupee" style="font-family: "webrupee";">Rs.</span></span>20,000 crore. Seemed like a crazy and expensive idea. But slowly it gained traction, since if the rupee didn’t stabilize, the nation would lose much more by way of a higher import bill. For instance, a <span style="font-family: "utopia std_rupee";"><span class="WebRupee" style="font-family: "webrupee";">Rs.</span></span>4 fall on an import bill of $400 billion leads to an extra outgo of <span style="font-family: "utopia std_rupee";"><span class="WebRupee" style="font-family: "webrupee";">Rs.</span></span>1.6 trillion. So, reluctantly, Rajan signed on to the crazy idea. And lo and behold, this turned out to be the prize-winning trick. The nation received more than $30 billion. Not only did the rupee stabilize and strengthen, but three years later, the RBI ended up making a profit on its forward deals. It had shored up adequate reserves in forward purchases to provide for the repayment that will be due next month. So, an idiotic idea worked because it was an intelligent gamble, which paid off.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">It was Subbarao’s magnanimity to let Rajan make the announcement of this dollar scheme in 2013. And Rajan, who got much credit for saving the rupee, was humble and gracious to admit that he initially thought the idea was idiotic. The noble actions don’t just speak about the personalities, but are also the hallmark of the institution and its maturity, which at 81, is older than the republic!</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">One lesson of this “idiotic idea” can be considered for setting the basic rate for the goods and services tax (GST). What if we consider a lower GST rate, say 15%? The fear of lower tax collection can be offset by the reimbursement, or insurance scheme (much like the RBI had offered insurance against rupee depreciation). So, states that might have a revenue shortfall will be fully reimbursed by the centre. Given the buoyancy in collection, and an extra 1.5% growth in gross domestic product, we might all be in for a pleasant surprise. This is just like how the RBI surprisingly garnered three times the dollars it had anticipated. This low GST rate too will provide a post-facto vindication of a gamble that works.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">It is an intelligent gamble, whose odds improve much like a self-fulfilling prophecy. Undertaking the gamble itself improves its odds. In a broader sense, much of policymaking involves a gamble, but if done intelligently, can assure desired results. If the reimbursement to states is avoided because it might breach the fiscal deficit target, that too is a gamble worth taking.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Subbarao’s book is a must-read for all policymakers, as it provides them candid insights and useful lessons on how to navigate tough and unpredictable times. He was amused to learn that <i>Who Moved My Interest Rate?</i> is sometimes kept in the ‘self-help’ shelves of bookstores. Maybe that is just as well, as central bankers will testify!</span></div>
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<i>Ajit Ranade is chief economist at Aditya Birla Group.</i></div>
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<i>Comments are welcome at views@livemint.com.</i></div>
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Source : <a href="http://www.livemint.com/Opinion">http://www.livemint.com/Opinion</a></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-51112203243020922592016-07-04T08:04:00.001+05:302016-07-04T08:04:33.109+05:30Living in smart city may cost more as Centre plans to capture value from infra spend<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-size: large;">Living in smart city may cost more as Centre plans to capture value from infra spend</span></h2>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white;">Living in a smart city or near a newly planned national highway or airport? You may have to pay more taxes. Based on directives from the Prime Minister's Office, the Centre is preparing a policy on value capture financing (VCF) aimed at helping the government recover some of the premium that public infrastructure investments generate for private landowners, top officials said. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white;">The PMO has formed a high-level committee to examine various aspects of the policy and conduct stakeholder consultations. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">The committee headed by Urban Development Additional Secretary Sameer Sharma includes joint secretaries from infrastructure ministries such as road transport, ports, civil aviation and economic affairs. According to sources, the consultations will be held in August and the policy finalised by October. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">
<span style="background-color: white;"><span style="font-family: Arial, Helvetica, sans-serif;">The public financing tool, which is popular the world over, is based on the logic that the government makes large investments in developing public infrastructure leading to rapid economic development in those areas, including higher land prices. </span></span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border-color: initial; border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border-style: initial; font-family: arial; font-size: 12px; outline-color: initial; outline-style: initial;"><img alt="" class="gwt-Image" src="http://img.etimg.com/photo/53037025/.jpg" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; float: left; font-family: Arial, Helvetica, sans-serif; margin: 5px; max-width: 100%; outline: 0px; padding: 0px; vertical-align: baseline;" title="" /></span><span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 12px;"></span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: arial; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white;">A policy on value capture financing would mean tapping into this increment through additional taxes, government as-realtor and other tools and then using finances to fund future infrastructure projects in the same area. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">The policy will propose VCF tools that can be used by the Centre and states. Initial discussions within the government reveal that in the case of major projects like a new port, airport or national highway, the public-private partnership agreement would include a VCF tool best suited to this. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white;">"Since the government does not recover this unearned increment from its own investments, it is constrained to initiate these big-ticket projects," said a senior official who didn't want to be identified. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">"So it is really in the larger public interest to have such a policy." </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white;">Some of the models likely to be incorporated in the policy include tax increment financing. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">This means that if a port project or an airport is planned in an area, a tax increment on properties in the surrounding areas is imposed. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white;">This new levy will be for a specific period of about five years until property prices plateau. Some countries have identified special assessment districts that fall in the best-effected zone of an infrastructure project like a metro line. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /></span><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">
<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white;">These have to pay an additional tax to recover the cost. Other options include the government initiating land pooling and developing only a part of this. When property prices rise, the government sells the rest of the land at a premium. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white;">Sources said the need for a policy has been felt since the government has initiated massive urban and rural development projects such as smart cities and urban renewal missions and this would be a way of recouping part of the investment. </span></span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: arial; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">
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<b>Source : </b>By <span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">NIDHI SHARMA</span>, ET Bureau ;<a href="http://economictimes.indiatimes.com/"> <span style="color: #024d99; font-family: arial;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial;">http://economictimes.indiatimes.com</span></span></a></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-78625947115251001832016-06-14T12:40:00.001+05:302016-06-14T12:40:19.943+05:30Rs 1 lakh invested in these stocks could have earned you up to Rs 72 lakh in 5 years <div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><span style="font-size: large;">Rs 1 lakh invested in these stocks could have earned you up to Rs 72 lakh in 5 years </span></span></h2>
<span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 12px;">It's not easy to strike gold in stocks. But it's quite common to miss out on opportunities. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 12px;">Multibagger stocks are a rare breed on Dalal Street, but they remind you of the power that equities wield. </span><br />
<br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 12px;">"There is a higher possibility that a steady investor would receive positive payoffs over time. If history is any indicator, the possibility of negative returns on stocks is almost zero with a 15-year investment horizon," Nilesh Shah, MD, Kotak Mahindra Asset Management, said in a column written exclusively for ETMarklets.com. </span><br />
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<span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 12px;">At ETMarkets.com, we embarked on a similar search to find the biggest multibagger stories of the last five years and came out with these hidden gems. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><img alt="Rs 1 lakh invested in these stocks could have earned you up to Rs 72 lakh in 5 years" class="gwt-Image" src="http://img.etimg.com/photo/52741954/mb.jpg" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-family: Arial, Helvetica, sans-serif; font-size: 12px; margin: 0px; max-width: 100%; outline: 0px; padding: 0px; vertical-align: baseline;" title="Rs 1 lakh invested in these stocks could have earned you up to Rs 72 lakh in 5 years" /><span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 12px;"> </span><span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 12px;">And the list might leave you wondering how come you missed these stocks, worse still, if you happened to sell any of them just because they wobbled a bit along their journey. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 12px;">Five years ago, had you to invested Rs 1 lakh on Indo Count, it would have made you Rs 72 lakh today. Avanti Feeds could have generated about Rs 62 lakh on that investment and 8K Miles Software Rs 47 lakh. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 12px;">These are very real wealth creation stories, and not just talk without substance. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br />
<span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 12px;">Indo Count reported a 15 per cent volume growth in the March quarter of FY16, which helped its revenue grow 15 per cent. Brokerage firm Systematix expects it to post 29 per cent annualised profit growth in FY16-18 and has a buy rating with target price of Rs 1,373. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; font-size: 12px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br />
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<span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">Sandeep Raina, Deputy Vice President, Edelweiss, believes Indo Count can still be a multibagger despite the huge returns it has generated so far. "The growth is there, the Market is there. Financials are very strong. I think the company can be a multibagger over the next two-three years," he said. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">
<span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">8K Miles Software, a multibagger with 4,700 per cent returns over five years, reported 109 per cent profit growth in March quarter as the company built on its recent strong performances. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">
<span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">"8K Miles has got a solid product pipeline. So there is merit in looking at the stock on a fundamental basis. But the valuations have already reached a level from where incremental appreciation will be difficult," Sudip Bandyopadhyay, an independent market expert, told ET Now. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">
<span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">These are among the least talked about names on the Street, a place where the TCSs, Infosys and RILs of the world hog the limelight while smaller stocks like these silently churn out big returns for their investors. </span><br style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; font-family: Arial, Helvetica, sans-serif; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" /><div style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">
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Source : <a href="http://economictimes.indiatimes.com/">http://economictimes.indiatimes.com</a>; <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">Chiranjivi Chakraborty</span></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-73015975551866264122016-06-11T05:26:00.004+05:302016-06-11T05:38:50.349+05:30Reliance Communications to shift 5-million CDMA users to 4G<div dir="ltr" style="text-align: left;" trbidi="on">
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Reliance Communications to shift 5-million CDMA users to 4G</h1>
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<a href="http://economictimes.indiatimes.com/reliance-communications-ltd/stocks/companyid-15279.cms" rollapp-href="http://economictimes.indiatimes.com/reliance-communications-ltd/stocks/companyid-15279.cms" style="border: 0px; color: #336797; margin: 0px 0px 10px; padding: 0px; text-decoration: none;">Reliance Communications</a> will upgrade its roughly 5 million CDMA customers to a 4G network in phases from May 4, joining bigger rivals <a href="http://economictimes.indiatimes.com/bharti-airtel-ltd/stocks/companyid-2718.cms" rollapp-href="http://economictimes.indiatimes.com/bharti-airtel-ltd/stocks/companyid-2718.cms" style="border: 0px; color: #336797; margin: 0px 0px 10px; padding: 0px; text-decoration: none;">Bharti Airtel</a>, Vodafone India and <a href="http://economictimes.indiatimes.com/idea-cellular-ltd/stocks/companyid-3154.cms" rollapp-href="http://economictimes.indiatimes.com/idea-cellular-ltd/stocks/companyid-3154.cms" style="border: 0px; color: #336797; margin: 0px 0px 10px; padding: 0px; text-decoration: none;">Idea Cellular</a> in rolling out high-speed broadband services.</div>
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The plan was revealed on the day ratings company Moody's Investors Service downgraded RCom's outlook to negative from stable, citing delays in the sale of its non-core assets, sending shares of the telco lower.</div>
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(The plan was revealed on…)</div>
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RCom has been trying to cut about Rs 40,000 crore of debt by selling its tower and optic fibre network and merging its wireless assets with Aircel, both of which have been delayed beyond their initial timelines.</div>
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However, Moody's noted that RCom's spectrum sharing and trading pacts with Reliance Jio Infocomm and the imminent completion of a merger with Sistema Shyam Teleservices were positive developments in the past three months.</div>
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"We will be upgrading our network from CDMA to LTE (a 4G standard) technology," the Anil Ambani-owned telco said in an April 4 letter to the telecom department. "We would be rolling out LTE services progressively in these service areas from May 4 and necessary intimation will be provided to our existing CDMA subscribers."</div>
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RCom will leverage its spectrum sharing pact with Reliance Jio and use its infrastructure to launch 4G services.</div>
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People familiar with the plan said RCom will initially roll out the upgrade in Haryana, Punjab, Himachal Pradesh and Odisha, followed by the more lucrative circles of Mumbai and Delhi, and intends to complete the process by August 15.</div>
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"RCom has already started intimating subscribers in the four circles that they can upgrade from May 4. It could also offer bundled 4G devices under various instalment schemes to those who don't have 4G handsets," one of the people said.</div>
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An industry expert cautioned that moving subscribers from CDMA to 4G may leave them vulnerable to poaching from stronger rivals.</div>
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Moody's said that while the benefits of the spectrum agreement will start accruing to RCom with the transition of its CDMA subscribers to LTE, meaningful financial and operational gains will come in only when Jio starts commercial services. Jio is expected to soft launch 4G services this month, with wider commercial operations likely to start around December.</div>
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RCom had signed a 17-circle airwave-sharing pact in the 800 MHz band with Jio. It also agreed to sell 800 MHz spectrum to Jio in nine service areas where the <a href="http://economictimes.indiatimes.com/topic/Mukesh%20Ambani" rollapp-href="http://economictimes.indiatimes.com/topic/Mukesh%20Ambani" style="border: 0px; color: #336797; margin: 0px 0px 10px; padding: 0px; text-decoration: none;">Mukesh Ambani</a> company does not have airwaves in this band.</div>
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"There is unlikely to be a material improvement in leverage, as well as associated liquidity and refinancing pressures over the next 6-9 months, even if the company (RCom) announces a binding tower sale transaction this quarter," said Nidhi Dhruv, Moody's vice president and senior analyst.</div>
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It expects the valuation of RCom's tower assets to be 20-25% lower than its earlier estimate of $3.4 billion.</div>
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The ratings company said upon completion of the share-swap transaction with Sistema Shyam Teleservices, RCom will have adequate spectrum and added that if the telco participates in the upcoming spectrum auction, its leverage metrics will be further pressured.</div>
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There is also the need to refinance upcoming debt maturities, including $450 million in debt falling due in the quarter ending June 30. "This includes a $350 million ECB facility at Reliance Infratel, which is guaranteed by RCom and has a cross-default with other debt," added Dhruv.</div>
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Reliance Infratel operates the towers business. Had the tower transaction closed within the original planned timelines, proceeds from the sale could have been used for debt repayments.</div>
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RCom shares fell 1.5% to Rs 50.20 at the close on the BSE, underperforming the broader market.</div>
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<b style="font-size: 13px;">Source :</b><span style="font-size: 13px;"> </span><span style="font-size: x-small;"><span style="color: #999999; line-height: 20px;">ET Bureau ; </span><a href="http://articles.economictimes.indiatimes.com/">http://articles.economictimes.indiatimes.com</a></span></div>
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Reliance Communications gains on FII buying</h1>
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On May 31, Integrated Core Strategies (Asia) Pte. had purchased 18.48 million shares of RCom at Rs 46.96 per share.</h2>
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<img alt="A customer leaves a Reliance communications store in Ahmedabad" src="http://bsmedia.business-standard.com/_media/bs/img/article/2015-08/10/full/1439206383-3932.jpg" height="476" width="640" /></div>
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A customer leaves a Reliance communications store in Ahmedabad</div>
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<a class="storyTags" href="http://www.business-standard.com/search?type=news&q=Reliance+Communications" rollapp-href="http://www.business-standard.com/search?type=news&q=Reliance+Communications" style="box-sizing: border-box; color: #2591dc; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px; outline: 0px; text-decoration: none;" target="_blank">Reliance Communications </a><span style="color: black; font-family: "open sans" , sans-serif; font-size: 15px; line-height: 24px;">was up 5% at Rs 49.40 on the National Stock Exchange (NSE) in intra-day trade after the foreign institutional investors (FII) bought nearly 1% stake in Anil Ambani Group telecom company for about Rs 87 crore through open market.</span><br />
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<span style="color: black; font-family: "open sans" , sans-serif; font-size: 15px; line-height: 24px;">On Tuesday, May 31, 2016, <b>Integrated Core Strategies (Asia) Pte.</b> had purchased 18.48 million equity shares representing 0.74% of total equity of Reliance Communications at Rs 46.96 per share via </span><a class="storyTags" href="http://www.business-standard.com/search?type=news&q=Bulk" rollapp-href="http://www.business-standard.com/search?type=news&q=Bulk" style="box-sizing: border-box; color: #2591dc; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px; outline: 0px; text-decoration: none;" target="_blank">bulk </a><span style="color: black; font-family: "open sans" , sans-serif; font-size: 15px; line-height: 24px;">deal, as per NSE data.</span><br />
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<span style="color: black; font-family: "open sans" , sans-serif; font-size: 15px; line-height: 24px;">The name of the sellers not immediately ascertained.</span><br />
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<span style="color: black; font-family: "open sans" , sans-serif; font-size: 15px; line-height: 24px;">At 10:49 AM, the stock was up 4.5% at Rs 49.10 on the NSE. A combined 14.45 million shares changed hands on the counter on the NSE and BSE.</span></div>
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<span style="color: black; font-family: "open sans" , sans-serif; font-size: 15px; line-height: 24px;"><b>Source :</b> </span><span style="font-size: x-small;"><span style="color: #646464; font-family: "open sans" , sans-serif; line-height: 16px;">SI Reporter ; </span><a href="http://www.business-standard.com/" style="font-family: 'Open Sans', sans-serif; line-height: 24px;">http://www.business-standard.com</a></span></div>
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<span style="font-size: large;">Reliance Communications looks to cut debt by 75 per cent with Aircel, tower deal</span></h2>
<section class="imgsection alignnone" style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; font-stretch: inherit; margin: 0px; outline: none; padding: 0px;"><i>Telecom operator Reliance Communications today said it expects to cut down its debt by 75 per cent through merger of MTS, Aircel and sales of mobile towers.</i><figure style="border-bottom-color: rgb(219, 219, 219); border-bottom-style: solid; border-width: 0px 0px 1px; font-stretch: inherit; margin: 0px 0px 20px; outline: none; padding: 0px 0px 8px; position: relative; text-align: left; width: auto;"><i style="color: #747474; font-family: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit;"><img alt="Anil Ambani, Petro Poroshenko, Reliance Defence News" class="size-full wp-image-245499" sizes="(max-width: 660px) 100vw, 660px" src="http://images.financialexpress.com/2016/04/anil1.jpg" srcset="http://images.financialexpress.com/2016/04/anil1.jpg 660w, http://images.financialexpress.com/2016/04/anil1-300x200.jpg 300w, http://images.financialexpress.com/2016/04/anil1-620x413.jpg 620w" style="border: none; display: block; font-family: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 10px auto; max-width: 100%; outline: none; padding: 0px; vertical-align: middle; width: 660.969px;" /></i></figure><figure style="background-color: white; border-bottom-color: rgb(219, 219, 219); border-bottom-style: solid; border-width: 0px 0px 1px; color: #747474; font-family: inherit; font-size: 14px; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: 18px; margin: 0px 0px 20px; outline: none; padding: 0px 0px 8px; position: relative; width: auto;"><i>Telecom operator Reliance Communications today said it expects to cut down its debt by 75 per cent through merger of MTS, Aircel and sales of mobile towers. (PTI)</i></figure></section></div>
<span style="font-family: Arial, Helvetica, sans-serif;">Telecom operator Reliance Communications today said it expects to cut down its debt by 75 per cent through merger of MTS, Aircel and sales of mobile towers.<br /><br />“Integration of MTS business with RCom is on track. We expect to complete the integration in August. We expect to make announcement with respect to Aircel merger anytime in June. Once we complete the Aircel transaction, we will go for the tower deal,” RCom CEO for Consumer Business Gurdeep Singh said today during a conference call.<br /><br />“With completion of these deals, we expect RCom’s debt to reduce by 75 per cent.”<br /><br />RCom’s net debt at the end of March 2016 stood at Rs 41,362.1 crore.<br /><br />RCom and Aircel have extended discussion period for the possible merger of the two till June 22. Singh said discussions are in advanced stages.<br /><br />RCom and Aircel talks, if successful, would lead to a combined entity holding 19.3 per cent of the total spectrum allocated to the industry — the highest by an entity.<br /><br />The new entity, which is in the works, would hold spectrum across all allocated bands — 800 MHz, 900 MHz, 1800 MHz, 2100 MHz and 2300 MHz — for 2G, 3G and 4G services.<br /><br />RCom also expects approval from the government for spectrum liberalisation in four circles — Kerala, Karnataka, Tamil Nadu and Rajasthan — by tomorrow. The company has paid over Rs 1,200 crore for liberalising spectrum in these circles.<br /><br />DoT has already approved liberalisation of RCom’s CDMA spectrum in 17 out of 22 telecom circles. The company is using liberalised CDMA spectrum to offer 4G service to its customers.<br /><br />RCom is migrating all its CDMA customers to the 4G network in phases and those who want to opt out will be disconnected.<br /><br />“The current licence requires us to give 30-day notice to customers if we are closing a service. We gave the notice to them in first week of April. Those who do not want to move, they will be switched off today. By June, most of them will be switched off,” RCom President Punit Garg said.<br /><br />RCom consolidated net profit in the last quarter of ended March 31, 2016 declined by about 22 per cent at Rs 177 crore from Rs 228 crore a year ago.</span></div>
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<b>Source :</b><span style="font-size: 17px;"> </span><a href="http://www.financialexpress.com/"><span style="font-size: x-small;">http://www.financialexpress.com</span></a></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-85307559746106193542016-06-11T05:18:00.000+05:302016-06-11T05:18:10.759+05:30The rags to riches story of Leela Hotels founder<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: arial, verdana, sans-serif, FreeSans;"><span style="font-size: large;">The rags to riches story of Leela Hotels founder</span></span></h2>
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<span style="color: #969696; font-family: arial, verdana, sans-serif, FreeSans; font-size: 11px;">Last updated on: November 12, 2012 14:47 IST</span></h2>
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<b><span style="font-size: x-large;">C</span>aptain C P Krishnan Nair </b>may be 90 but his energy and passion for work has not diminished a bit even now.</div>
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In fact, the Chairman of the Leela Group of Hotels and Resorts, won the 'Hotelier of the Century' award by the International Hotel and Restaurant Association in 2010.</div>
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Even today, his day start at 6 in the morning with a game of volleyball followed by a walk inside Hotel Leela, Mumbai and work out in the gymnasium, which includes 7 minutes of cycling.<br /><br />He works from 10 a.m. till 5.30 in the evening. From 6 p.m., it is time to unwind watching with Malayalam television serials his wife Leela. And his day ends at 10.30 p.m.</div>
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Interestingly, if work is worship for him even at 90, there was a time in his early twenties when he wanted to be a <em>sanyasi</em>!</div>
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<span style="font-size: large;">B</span>ut after a few months with his guru in Rishikesh, his Guru told him that his path was that of a karmayogi and not a sanyasi. And, from then on, it has only been karma for this Padma Bhushan awardee. He has donned the role of an army officer, textile exporter and finally a world-renowned hotelier.</div>
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It was at 65, a retirement age for many that he became a hotelier by starting the Leela Group of Hotels and Resorts. Today, 20,000 employees work in his clothing business and 5000 people work in the hotel business.</div>
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That's Captain Nair, a man with indefatigable energy and enthusiasm. Before we started our almost 2-hour long conversation, he told me not to ask any questions about investments, revenue, money, etc. "Let us talk about what I did," he said, and that was what he did. </div>
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<i>Photographs of Captain Nair: Sreeram Selvaraj</i></div>
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<b>Childhood in a small village in Kerala</b></div>
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I was born in a village in Kannur in Kerala in 1922 as the fifth of nine children, and we were quite poor.</div>
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What I still remember about my early childhood was spending time in the village library. I was one of the voracious readers there. It was there that I read about Swami Vivekanada and Ramakrishna Paramahamsa, and got influenced by their teachings, especially the philosophies of Vedanta.<br /><br />From then on, I stopped believing in idol worship. Recently when I spent Rs 2 crore (Rs 20 million) to renovate the temple in my father's village, many people asked me why I did that. I said that it was for the memory of my father that I renovated the temple.</div>
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Even at the age of five, I got influenced by what my school head master taught us; the teachings of Sri Narayana Guru - that there was only 'One caste, one religion and one God for mankind'.<br /><br />He was against Chaturvarnya but I saw untouchability and inhuman behaviour in Kerala society then. I understood why Swami Vivekanada had called Kerala, a lunatic asylum. If I got influenced by books, philosophy and ideology, it was all because of my school master. </div>
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<img alt="Captain C P Krishnan Nair with Dalai Lama." src="http://im.rediff.com/business/2012/nov/12krishnan4.jpg" width="370" /></div>
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<b>Scholarship from the Maharaja</b><br />When I was in the first standard, the Maharaja of that region visited our school. In that function, I recited a poem I had composed about him. So impressed was the Maharaja that I was given a scholarship so that all my needs were taken care of till I finished my studies.<br /><br />That was how I started my school education. It was the first turning point in my life.</div>
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<b>Participating in the freedom struggle</b></div>
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I was the first secretary of the students' union of my school at the age of 13, and it was also India's first students' union too. That makes me the first students' union leader in India.</div>
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Many of us attended the study class conducted by the Communist leader A K Gopalan (AKG), and later we marched behind him in a rally against the British and we were all kicked and arrested, but later released as we were all youngsters.</div>
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Once, all of us marched with AKG to attend a meeting of Subhash Chandra Bose. I still remember how Netaji fell ill when he was there and I suggested a home remedy to get instant relief. And, it worked!</div>
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<img alt="Captain C P Krishnan Nair with US president Barack Obama and Michelle Obama." src="http://im.rediff.com/business/2012/nov/12krishnan6.jpg" width="370" /></div>
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<b>Off to Madras to study in College</b></div>
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I did my college education at the Madras Government Arts College. It was possible only because of the Maharaja again.<br />He gave me his diamond ring and asked me to sell it and fund my trip to Madras and studies, and that was how I did my pre-university.<br /><br /><b>First job at Abbottabad</b></div>
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In 1942, I got was the job of a civilian wireless officer and my first posting was at Abbottabad, which is in Pakistan now.</div>
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It was a very long journey from Madras traveling in several trains to reach the North West Frontier Province.</div>
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I had a remarkable experience in the train. I didn't have any money to buy food and was very hungry and tired. Seeing this, a co-passenger Karunakaran Nair, offered me both lunch and dinner. When he got down at Peshavar, he gave Rs 10 and said, this will help you complete the journey.</div>
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When I asked for his address to send the money back, he said, you need not send it back to me. Whenever you meet someone who needs money like you do today, give it to him.</div>
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I have never met that gentleman after that in my life but he taught me a big lesson in my life.</div>
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<b>Decoding the messages of Netaji Subhash Chandra Bose</b></div>
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<span style="font-size: large;">I</span>t was while working at Abbottabad that I got to decode Netaji's messages. Freedom struggle was at its peak then. I remember going to meet Frontier Gandhi when I was there.<br /><br />Sheikh Abdullah was also there to meet him at that time. My relationship with the Frontier Gandhi's family started then and continues even today.</div>
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As a young man, it was Netaji who influenced many like me more than Gandhiji.</div>
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<b>Wanted to be an Army Officer</b></div>
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I used to watch the Army officers walking around in uniform and my desire to be an Army officer intensified but I wanted to be in the Indian army and not the British Army.<br /><br />I remember riding a white horse to the Military Academy which was almost near the Afghanistan border every weekend to see the Army men parading.</div>
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<strong>Desire to be a sanyasi</strong></div>
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At the age of 20 or 21, I went to Rishikesh to see Swami Sivananda who was actually a good doctor but had stopped practising and turned a sanyasi.<br /><br />At that time, I had a good job and I was intensely patriotic but the desire to be a sanyasi pulled me to Rishikesh. </div>
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I tried meditating with my Guru, Swami Sivananda on the banks of Ganga early in the morning. After a couple of months, my Guru told me, Krishna, you are not destined to be a sanyasi; you are destined to be a karmayogi. Go out into the world and do your karma.</div>
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My friend at Abbottabad at that time was Balakrishna Menon, the man who later became Swami Chinmayananda. He also went to the same Guru and he became a sanyasi and I became a businessman. This is destiny.</div>
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<img alt="Capt C P Krishnan Nair and his Rolls Royce Phantom." src="http://im.rediff.com/money/2011/dec/13leela4.jpg" /></div>
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<b>Joining the Indian Army</b></div>
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After independence, I joined the army, in the Maratha Light Infantry. After four years, in 1951, I took voluntary retirement from Army as a Captain, to become an entrepreneur.</div>
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<strong>Starting the handloom business</strong></div>
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I decided to leave the army and be a businessman in the handloom industry because of my wife. She asked me to do something for the people, especially the handloom weavers.<br /><br />My father-in-law had a successful handloom business of 2000 looms and I was asked to take charge of one mill in Mumbai.</div>
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My ambition was not to do handloom business in one region; I wanted to spread it to the whole of India, and also to the world. I started a producers' and consumers' co-operative society, the first one in India. My mission was to improve the lives of millions of handloom weavers across India.</div>
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<strong>Starting the first Handloom Board in India</strong></div>
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<span style="font-size: large;">C</span>aptain V Nanchappa was the Textile Commissioner at that time. I told him about my desire to start a Handloom Board in India which can look after the industry and the weavers.</div>
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Later, I was asked to meet Jawaharlal Nehru by Lal Bahadur Shastri. He also warned that Nehru favoured power looms. So, I convinced Nehru by using the jargons modernisation and industrialisation, and they did the trick.</div>
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Jawaharlal Nehru agreed to start the first Handloom Board in the country, and to help the industry, he agreed to impose a cess of one paisa on all the material made in mills so that the money would go to the fund.<br /><br />Pandit Nehru had no objection as I asked for only one paisa but this way, we got a funding of Rs 300 crore (Rs 3 billion) a year!</div>
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Eminent people like Pupul Jayakar, Kamaladevi, etc were there in the Board. When I see what is happening today to the handloom industry and the way it is dying, my heart bleeds. </div>
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<img alt="The Leela Palace, New Delhi." src="http://im.rediff.com/business/2012/nov/12leela2.jpg" width="370" /></div>
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<b>Exporting fabrics to the world</b></div>
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It was V P Menon whom I fondly called Uncle VP (appointed as Reforms Commissioner by the British government in 1946), who introduced me to Lord Mountbatten.<br /><br />And, it was through him that I could strike a business agreement with Laurence Mitchel, the managing director of a Scottish lace firm.<br /><br />The agreement was that we would make lace for the international market. That was the beginning of Leela Scottish Lace and our window to the world.</div>
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In 1972, Leela Scottish Ltd became India's biggest garment factory. From my factory, we could export 'Bleeding Madras fabric' made of natural vegetable dyes.<br /><br />I used to export millions of yards to America; such was the rage for the fabric there.</div>
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After exporting the material, I moved to supplying garments. I started India's first garment factory with 200 machines in Mumbai. We became the largest exporter of readymade garments from India and started winning awards for that for 15-20 years.</div>
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Meet the 90-year-old founder of Leela Hotels</h1>
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<img alt="The Leela Kempinski, New Delhi." src="http://im.rediff.com/money/2011/apr/19leela7.jpg" /></div>
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<b>Entering the hotel industry at 65</b></div>
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<span style="font-size: large;">I </span>became a hotelier at the age of 65. There is a story behind this.<br /><br />After I started my handloom business and the handloom board in 1957, I was asked by the government of India to head a trade delegation from India to Germany.</div>
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Germany had just recovered from the destruction of World War II but what I saw there amazed me. Nobody would believe that a World War had destroyed the country. That was my experience with luxurious hotels.<br /><br />I was so impressed with them that I wondered why don't have such luxurious hotels in India. Then, I used to go to America in connection with the export of garments and I used to stay in Hotel Hilton in New York.</div>
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From then on, I was thinking of starting such hotels in India. But it took me several years.</div>
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Our garment manufacturing unit was close to the airport and taxis used to line up in front of our place. So, one day my wife suggested that starting a hotel in our factory land near the airport, would be easier for travellers. She said it would be an instant sucess.</div>
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<img alt="The Leela, Bangalore." src="http://im.rediff.com/business/2012/nov/12leela4.jpg" width="370" /></div>
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<span style="font-size: large;">S</span>o, I finally became a hotelier because of my wife, Leela. I decided that I would build only luxurious hotels. But everybody dissuaded me from starting a 5-star hotel at the age of 65 but I was confident that it would be successful.</div>
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In 1986, the first Hotel Leela with marketing alliance with Kempinski opened. It was an instant success.</div>
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We went on to have a chain of Leela Palaces in Goa, Bangalore, Udaipur, Gurgaon-Delhi NCR and Kovalam. Now, we are opening one in Chennai. We will soon have one in Agra, Jaipur and near Lake Ashtamudi in Kerala.</div>
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The motto of Leela Palaces is Atithi Devo Bhava, and that is why Leela Palace hotels are located at places where foreigners flock and corporates meet.</div>
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<img alt="The Leela, Mumbai." src="http://im.rediff.com/business/2012/nov/12leela5.jpg" width="370" /></div>
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<b>Preserving the environment</b></div>
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<span style="font-size: large;">I</span> grew up in a village amidst lush green surroundings. I would say I was born in a jungle! That could be the reason why I am passionate about the environment.<br /><br />I make sure that there are many, many trees around all our hotels. Trees are my lifeline. Because of the work I do for preserving our environment, I was awarded Global 500 Laureate Roll of Honour by the United Nations Environment Program in 1999.</div>
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<b>Karmayogi</b></div>
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Even today I am fully involved in the day-to-day activities of all my hotels. Everybody asks me from where I get the energy at the age of 90.<br /><br />I tell them, when you have a job to do, you get the energy to work. There is no question of me ever retiring from work.<br /><br />How can a <em>karmayogi</em> not work?</div>
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<b>Source : </b><a href="http://www.rediff.com/">http://www.rediff.com</a></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-87639342831386804702016-06-11T05:13:00.000+05:302016-06-11T05:13:23.057+05:30From 2 lakhs to 3,300 crores! How A Velumani did it!<div dir="ltr" style="text-align: left;" trbidi="on">
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From 2 lakhs to 3,300 crores! How A Velumani did it!</h1>
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<strong>Thyrocare founder Arokiaswamy Velumani shares his success story with Anjuli Bhargava as he remembers the one person who stood by him through it all.</strong></div>
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<strong>IMAGE: Arokiaswamy Velumani with his wife Sumathi. Photographs: Kind courtesy Arokiaswamy Velumani/Facebook</strong></div>
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<span style="font-size: 36px;">R</span>oughly a hundred days before his initial public offering hit the market in April, Arokiaswamy Velumani lost his 55-year-old wife to pancreatic cancer.<br />
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The loss was more than a blow; it felt like a tight slap.</div>
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Velumani says his wife -- a woman he was initially reluctant to marry -- was the backbone of Thyrocare, the company he had built from scratch with a capital of Rs 2 lakh (Rs 200,000).<br />
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"No man can be successful unless his wife trusts, energises, supports and appreciates him," he says.<br />
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"If a wife questions or doesn't trust you, it can dissipate all your energy."</div>
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In his case, not only did she support him, she was his pillar.</div>
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<strong>IMAGE: Velumani's wife was the backbone of Thyrocare, the company he had built from scratch with a capital of Rs 2 lakh.</strong></div>
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<span style="font-size: 48px;">B</span>ut even as his investment of Rs 2 lakh grew to Rs 3,300 crore (Rs 33 billion), Velumani did not have the pleasure of sharing his joy with the one person who had contributed to it the most.</div>
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I feel tears pricking my eyes as I listen to Velumani's poignant description of his wife's illness, the mishandling, or so he suspects, by her caregivers in her short period of illness (she was diagnosed on October 1, 2015 and died on February 13, 2016), how he tried his best not to marry her but eventually did and how it turned out to be his best decision ever.</div>
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What kind of mishandling, I butt in. "She walked in alive and all I got back was a corpse. In between, I know nothing about what happened."<br />
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His grief, he says, was so devastating that he failed to question the 'how, why or why not' of the matter.</div>
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<strong>IMAGE: Velumani had to leave the village to attend college.</strong></div>
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<span style="font-size: 48px;">V</span>elumani was born in 1959 to a landless farmer in a tiny village 26 km from Coimbatore.</div>
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Unable to cope with adverse circumstances for what appeared to be an endless period of time, Velumani's father had given up taking care of his family, which included four children, early in life.<br />
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Faced with her husband's helplessness, Velumani's mother took on the responsibility of keeping their head above water by investing in two buffaloes.<br />
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The money from the milk -- Rs 50 a week -- was what sustained the family for almost 10 years.</div>
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To attend college, Velumani had to leave the village. His motivation to enroll in college was unusual: To get a 'fair-skinned wife'. "In those days in our village, only boys who were graduates could hope to marry a fair girl," he says.</div>
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<img alt="" class="imgwidth" src="http://im.rediff.com/money/2016/jun/05velumani9.jpg" style="border: 0px; float: left; margin: 3px 8px 8px 0px; max-width: 670px;" width="99%" /></div>
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<strong>IMAGE: Velumani employs only freshers in his company that has 700-odd people.</strong></div>
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<span style="font-size: 48px;">I</span>n 1978, aged 19, Velumani got his BSc degree and started looking for a job, but could not find one in Coimbatore.<br />
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For one, prospective employers seemed keener on one's facility with the English language than one's knowledge, and Velumani's grasp of English was not -- and still isn't -- something to write home about.</div>
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Two, almost everyone who interviewed him wanted to know what experience he had. As a fresher straight out of college, he had none.</div>
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The matter irked him to such an extent that today he employs only freshers in his company that has 700-odd people.</div>
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After months of looking, he finally landed a job at a capsule-making factory as a chemist on a salary of Rs 150 a month. "Graduates in Tamil Nadu then were paid less than watchmen," he says.</div>
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He used to keep Rs 50 for himself and send Rs 100 home to his parents, who needed the money to educate his siblings.<br />
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"In some ways, I had become a father at the age of 10 when I realised that my father could not bear the burden (<em>of the family</em>)," he says.</div>
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"And it is to my mind the hallmark of a good son even today -- to live frugally and send 60 per cent of his earnings to his parents." I interrupt to add that I will let my son know.</div>
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<img alt="" class="imgwidth" src="http://im.rediff.com/money/2016/jun/06velumani3.jpg" style="border: 0px; float: left; margin: 3px 8px 8px 0px; max-width: 670px;" width="99%" /></div>
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<strong>IMAGE: 'Men with whom I ploughed for an entire day in the early 70s. The men with black hair are their children.'</strong></div>
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<span style="font-size: 48px;">A</span>fter working at the company for four years, Velumani could see that his life wasn't going anywhere.<br />
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Neither was his company. A month before its imminent closure, Velumani resigned and applied for a job at the Bhabha Atomic Research Centre in Mumbai.<br />
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He borrowed the money to go for the interview and landed the job at a princely sum of Rs 880 a month.</div>
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A government job was to his mind like eight hours of rest every day.<br />
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Air conditioned offices, comfortable chairs, a clean working environment -- he couldn't quite call it work at any stage, even though he put in long hours.<br />
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So, to supplement his income, he started giving four tuitions a day, earning another Rs 800.</div>
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<img alt="" class="imgwidth" src="http://im.rediff.com/money/2016/jun/05velumani3.jpg" style="border: 0px; float: left; margin: 3px 8px 8px 0px; max-width: 670px;" width="99%" /></div>
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<strong>IMAGE: Sumathi, left, with Velumani, thirsd from left.</strong></div>
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<span style="font-size: 48px;">O</span>f the Rs 1,680 he made, he sent Rs 1,200 a month home, which was crucial too as he had told a lie -- a white lie -- to his mother that he was drawing a salary of Rs 2,000 a month.<br />
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"If I didn't send at least Rs 1,200, she'd say her son was ruined for life. I knew she wouldn't let me leave the village for a salary of Rs 800," he says.</div>
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When he was 27, a man came to Velumani with the marriage proposal of his daughter.<br />
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The girl worked with the State Bank of India. Velumani took one look at her and decided that he was not keen on marrying her: She wasn't fair-skinned.<br />
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But he didn't want to reject her outright either, so he agreed to meet her.</div>
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<img alt="" class="imgwidth" src="http://im.rediff.com/money/2016/jun/05velumani5.jpg" style="border: 0px; float: left; margin: 3px 8px 8px 0px; max-width: 670px;" width="99%" /></div>
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<strong>IMAGE: Velumani took one look at Sumathi, second from left, and decided that he was not keen on marrying her as she wasn't fair-skinned.</strong></div>
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<span style="font-size: 48px;">A</span>t the first meeting at her office at the SBI, he falsely portrayed all his 'assets' as liabilities to dissuade her from agreeing to the match.<br />
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"I cooked up stuff hoping she would reject me and tell her father that this boy wasn't worth marrying."<br />
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He says he spoke continuously for 55 minutes and she listened quietly without saying a word.</div>
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That night, her father called to say that his daughter had agreed to the match.<br />
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Later, when Velumani asked her why she had agreed to marry him -- despite him de-selling himself -- she said she 'knew he was exaggerating' and that she realised that '<em>bade ghar me main chhoti ban jaungi lekin chhote ghar me main badi reh sakti hoon (I would lose myself in a big house but would have a say in a small one)</em>.'</div>
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On his part, she won since she had managed to keep silent for almost one hour (something he thinks women can't usually manage).<br />
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<img alt="" class="imgwidth" src="http://im.rediff.com/money/2016/jun/05velumani2.jpg" style="border: 0px; float: left; margin: 3px 8px 8px 0px; max-width: 670px;" width="99%" /></div>
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<strong>IMAGE: 'The entire credit for making the family what it became goes to my wife.'</strong></div>
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<span style="font-size: 48px;">H</span>e presented his mother with this <em>fait accompli</em>, aware that she would never accept such a dark skinned girl.</div>
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After marriage, Velumani started doing his PhD in thyroid biochemistry (by then his daughter, the second child, was born).<br />
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Meanwhile, his two brothers were in Mumbai for higher studies -- at the insistence of his wife.<br />
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"The entire credit for making the family what it became goes to my wife," he says. Today, one of his brothers is the chief financial officer of his company.</div>
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"In some ways, my HR was managed by my wife from 1986, my human resource," he says. While she took care of his family, she left him free to take care of his education and business.</div>
<div style="line-height: 1.5em; margin-bottom: 10px; padding: 0px;">
Velumani had by now been working for 15 years tirelessly at the government job but a kind of restlessness had begun to set in.<br />
<br />
<img alt="" class="imgwidth" src="http://im.rediff.com/money/2016/jun/05velumani10.jpg" style="border: 0px; float: left; margin: 3px 8px 8px 0px; max-width: 670px;" width="99%" />He watched those who had learnt thyroid testing from him mint money, while he continued to struggle on a government salary.</div>
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In 1995 -- without consulting anyone, not even his wife -- he resigned.<br />
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He broke the news to her at 2 am one day. "She didn't react at first and then said, 'What if I also resign from my job?'" he recalls.</div>
<div style="line-height: 1.5em; margin-bottom: 10px; padding: 0px;">
"It came literally like a <em>dhamki (threat)</em>. So I said, '<em>Jiyenge saath, marenge saath (we'll live together, we'll die together)</em>.'<br />
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From the very next day, she stopped going to office. She had quit SBI after 16 years.</div>
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Once, some years ago, Velumani told his son who was not focusing on his studies that he was worried about him.<br />
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He told him that his own grandfather was a very rich man and because of that his father became a very poor man.<br />
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Now he, Velumani, was very rich, so he was worried for his son.</div>
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The quick-witted boy promptly replied that he was very happy to hear this because this meant that his son (Velumani's grandson) would be very rich.</div>
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<img alt="" class="imgwidth" src="http://im.rediff.com/money/2016/jun/06velumani1.jpg" style="border: 0px; float: left; margin: 3px 8px 8px 0px; max-width: 485px;" width="99%" /></div>
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<strong>IMAGE: Frugality is the cornerstone of both Velumani's life and Thyrocare's.</strong></div>
<div style="line-height: 1.5em; margin-bottom: 10px; padding: 0px;">
<span style="font-size: 48px;">N</span>ow 27, Velumani's son (an MTech in biotechnology) and his daughter (25) -- both unmarried and missing their mother "like anything" -- live in the laboratory with their father.</div>
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His children are frugal in their spending and approach to life. Does he then think they will amplify what he has built?</div>
<div style="line-height: 1.5em; margin-bottom: 10px; padding: 0px;">
His daughter says he had an advantage, "the luxury of poverty," but he thinks the values instilled by him and his wife will hold them in good stead no matter what.</div>
<div style="line-height: 1.5em; margin-bottom: 10px; padding: 0px;">
Frugality is the cornerstone of both his life and Thyrocare's.</div>
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Thyrocare offers thyroid tests to patients through its distributors at a fraction of the cost of competitors.</div>
<div style="line-height: 1.5em; margin-bottom: 10px; padding: 0px;">
He calls the company "<b>McDonald's plus Walmart</b>" -- McDonald's for its focused menu and Walmart for its volumes.</div>
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"And she was also frugal. I don't think she consumed even 0.1 per cent of what she was entitled to," Velumani says, returning to the subject of his wife as our conversation winds down.</div>
<div style="line-height: 1.5em; margin-bottom: 10px; padding: 0px;">
He says if the surgeon had come out of the operating theatre and said, 'Mr Velumani, I need Rs 1,000 crore (<em>Rs 10 billion</em>) immediately,' he would have signed the cheque without a thought.</div>
<div style="line-height: 1.5em; margin-bottom: 10px; padding: 0px;">
"But he only came out and declared that she was no more."</div>
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<b>Source:</b><span style="font-size: 12px;"> Anjuli Bhargava; <a href="http://www.business-standard.com/"><img class="vmiddle" src="http://im.rediff.com/money/pix/bs.jpg" style="border: 0px; vertical-align: middle;" /></a> ; <a href="http://www.rediff.com/">www.rediff.com</a></span></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-84262388541041977982016-05-25T10:55:00.000+05:302016-05-25T10:55:06.547+05:30I really Salute SEBI for going in right direction especially from Retail Investors point of view<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: Arial, Helvetica, sans-serif; font-size: x-large;">Sebi bars HBJ Capital from acting as investment advisors</span><div>
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<span style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 14px; font-style: italic;">Sebi logo</span></div>
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<span style="background-color: white; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px;">Capital market regulator the Securities and Exchange Board of India (Sebi) has barred </span><a class="storyTags" href="http://www.business-standard.com/search?type=news&q=Hbj+Capital" style="background-color: white; box-sizing: border-box; color: #2591dc; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px; outline: 0px; text-decoration: none;" target="_blank">HBJ Capital </a><span style="background-color: white; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px;">Services and its directors from acting as </span><a class="storyTags" href="http://www.business-standard.com/search?type=news&q=Investment+Advisors" style="background-color: white; box-sizing: border-box; color: #2591dc; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px; outline: 0px; text-decoration: none;" target="_blank">investment advisors </a><span style="background-color: white; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px;">and</span><a class="storyTags" href="http://www.business-standard.com/search?type=news&q=Alternative+Investment+Fund" style="background-color: white; box-sizing: border-box; color: #2591dc; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px; outline: 0px; text-decoration: none;" target="_blank">alternative investment fund </a><span style="background-color: white; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px;">for providing unauthorised investment tips to investors.</span><br style="background-color: white; box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><br style="background-color: white; box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><span style="background-color: white; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px;">The regulator said HBJ Capital Services and its promoters/directors have been acting as providing investment advisory services to their clients/investors without obtaining registration from </span><a class="storyTags" href="http://www.business-standard.com/search?type=news&q=Sebi" style="background-color: white; box-sizing: border-box; color: #2591dc; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px; outline: 0px; text-decoration: none;" target="_blank">Sebi </a><span style="background-color: white; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px;">to act as such and, thereby, have violated norms.</span><br style="background-color: white; box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><br style="background-color: white; box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><span style="background-color: white; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px;">In an order passed on Tuesday, Sebi said HBJ Capital Services and its directors “cease and desist from acting as an investment advisor and alternative investment fund and cease to solicit or undertake such activities or any other unregistered activities in the securities market directly or indirectly, any manner whatsoever”.</span><br style="background-color: white; box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><br style="background-color: white; box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><span style="background-color: white; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px;">HBJ Capital Services and its directors have solicited and induced investors to deal in securities on the basis of their investment advices and stock trade tips among others through mail, SMS, web-login, among others.</span><br style="background-color: white; box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><br style="background-color: white; box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><span style="background-color: white; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px;">It was observed that investors at large could be misled and the moneys invested by the investors are at risk on account of such unauthorised activities of unregistered entities.</span><br style="background-color: white; box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><br style="background-color: white; box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><span style="background-color: white; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px;">HBJ Capital Services has been directed to immediately withdraw and remove all advertisements, publications, documents, websites, in relation to those schemes/activities or any unregistered activity in the securities market.</span><br style="background-color: white; box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><br style="background-color: white; box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><span style="background-color: white; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px;">Sebi also directed "not to divert any funds raised from investors, kept in bank account(s) and/or in the custody of HBJ Capital or its directors and HBJ Capital LLP and its designated partners."</span><br style="background-color: white; box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><br style="background-color: white; box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><span style="background-color: white; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px;">This order would come into force with immediate effect.</span></div>
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<span style="background-color: white; font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 24px;"><b>Source : </b></span><span style="font-family: Arial, Helvetica, sans-serif; font-size: x-small;">Press Trust of India; <a href="http://www.business-standard.com/">http://www.business-standard.com</a></span></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-69124459341201265802016-05-16T11:43:00.001+05:302016-05-16T11:43:19.489+05:30Heard of Nandan Denim? Here’s why you should<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: white; color: #1f57a5; font-family: Georgia, 'Times New Roman', Times, serif; font-size: 24px;">Heard of Nandan Denim? Here’s why you should</span><br />
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<a href="https://3.bp.blogspot.com/-EahUkZDvYNo/Vzlk7TsvOTI/AAAAAAAAGJc/pCx-IwDY3-oKje-WkMQydxpGAOPf8b1NACLcB/s1600/09bmssa_01_deni_10_2730905e.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="https://3.bp.blogspot.com/-EahUkZDvYNo/Vzlk7TsvOTI/AAAAAAAAGJc/pCx-IwDY3-oKje-WkMQydxpGAOPf8b1NACLcB/s320/09bmssa_01_deni_10_2730905e.jpg" width="173" /></a></div>
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<i>With a planned expansion to 110 million metres a year by June, the Gujarat-based firm is set to become Asia’s largest denim manufacturer</i></h2>
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<span style="font-family: Arial, Helvetica, sans-serif;">Nandan Denim Ltd, India’s second largest and the world’s fifth largest denim fabric company is set to become Asia’s biggest denim fabric maker by June this year when the company completes its Rs 621-crore capacity expansion programme.<br /><br />At present, Nandan’s capacity is 99 million meter per annum (MMPA), putting it at the second spot behind Arvind Ltd, whose capacity is 108 MMPA. In four months, the Gujarat-based Nandan claims, its capacity will rise to 110 MMPA, making it India’s and indeed Asia’s largest denim maker.<br /><br />“We are at an advanced stage of completing our expansion,” Deepak Chiripal, CEO, Nandan Denim, told The Hindu in an interview. “The denim industry in India is growing at 15 to 18 per cent a year.” Mr Chiripal added that several international players have begun to source denim from India “due to raw material and other input advantages” apart from stable economic and political environment.<br /><br />“India needs to double its denim manufacturing capacity in next three to four years due to exploding global demand,” he added.<br /><br />Arvind and Nandan Denim are both based in Ahmedabad, Gujarat. While Nandan Denim was set up in 2004 and is a part of the Chiripal Group established in 1972, Arvind Ltd was founded in 1931 as part of the Lalbhai Group, whose first manufacturing unit, Saraspur Manufacturing Company, was set up in 1897 to produce cotton yarn.<br /><br />Interestingly, it was Arvind’s success in the denim business that prompted the Chiripals to enter the segment. Nandan’s original capacity was only 6 MMPA, and it has gradually scaled up in the wake of growing Indian and global demand. Nandan officials said the company exports denim to 28 countries and has 3,000 employees at its facility in Gujarat.<br /><br />Govind Sharda, President, Nandan Denim told The Hindu , “We always wanted to make denim for different segments of buyers, and never wanted to confine to any specific segment like our competitors. We also focused on catering to the requirement of both local and global brands at different price points. This created demand for our fabric and helped us add capacity.”<br /><br />In India, the current per capita consumption of denim is at 0.3 pairs per person as compared to 2 pairs in China and 8/9 pairs in UK/US. “This leaves scope for expansion by all players in this segment,” officials said.<br /><br />The installed denim capacity in India is 1.2 billion metres per annum (BMPA). Production capacity is approximately 1 BMPA, taking into account 85-90 per cent capacity utilisation. “Of this, we had a capacity of 99 MMPA on September 30, 2015 giving us almost 10 per cent of the market share of the Indian denim industry,” Mr Sharda said.<br /><br />Industry estimates put the current domestic consumption of denim at between 700-800 MMPA, while 200-300 million metres are exported. Assuming the domestic market grows at a compounded annual growth rate of 15-18 per cent (the current growth rate), that demand would reach 2 billion metres by 2020.<br /><br />At the close of BSE on Tuesday, Nandan Denim was trading at Rs 130.40 a share, down Rs 3 from the previous close.</span><div class="body" style="background-color: white; color: #3b3a39; font-family: Georgia, 'Times New Roman', Times, serif; font-size: 14px; line-height: 18px; outline: 0px;">
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<span style="font-size: 14px;"><b>Source :</b> </span><span style="font-size: x-small;"><a href="http://www.thehindu.com/">http://www.thehindu.com</a>; </span><span style="background-color: transparent; font-family: Arial, Helvetica, sans-serif;">Nandan Denim</span></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-23744138889241341012016-05-07T01:06:00.004+05:302016-05-07T01:06:58.620+05:30Reliance Infrastructure acquires management control of Pipavav Defence<div dir="ltr" style="text-align: left;" trbidi="on">
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Reliance Infrastructure acquires management control of Pipavav Defence</h1>
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<span style="font-family: 'Roboto Slab', serif; font-size: 16px; line-height: 20.8px;">Pipavav’s board will be reconstituted and the firm will be renamed Reliance Defence and Engineering Ltd</span></div>
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<img alt="R-Infra had in March bought 18% stake in Pipavav Defence for <span class='WebRupee'>Rs.</span>819 crore and had announced an open offer." src="http://www.livemint.com/rf/Image-621x414/LiveMint/Period1/2015/12/17/Photos/pipavav1-keFF--621x414@LiveMint.jpg" /></div>
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<i><span style="color: #575757; font-family: 'Roboto Slab', serif; font-size: 14px; line-height: 19.6px;">R-Infra had in March bought 18% stake in Pipavav Defence for </span><span class="WebRupee" style="color: #575757; font-family: WebRupee; font-size: 14px; line-height: 19.6px;">Rs.</span><span style="color: #575757; font-family: 'Roboto Slab', serif; font-size: 14px; line-height: 19.6px;">819 crore and had announced an open offer.</span></i></div>
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Reliance Infrastructure Ltd (R-Infra) has acquired management control in defence ship maker Pipavav Defence and Offshore Engineering Co. Ltd, with the Anil Ambani-led company closing the open offer period for acquiring the controlling stake.</div>
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In a statement on Wednesday, <b>R-Infra, with its wholly-owned subsidiary, Reliance Defence Systems Pvt. Ltd</b>, announced the closure of the open offer period and said that it will acquire sole management control of Pipavav Defence following the completion of applicable formalities.</div>
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The board of Pipavav Defence will be reconstituted and the firm will be renamed Reliance Defence and Engineering Ltd.</div>
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“The payment for validly tendered shares, subject to scrutiny and processing, will be completed by 31 December 2015,” R-Infra said.</div>
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R-Infra had in March bought 18% stake in Pipavav Defence for <span style="font-family: 'Utopia Std_Rupee';"><span class="WebRupee" style="font-family: WebRupee;">Rs.</span></span>819 crore and had announced an open offer.</div>
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A person close to the development said R-Infra has managed to get around 17% stake through the open offer, which sought 26% of share capital.</div>
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Post the offer, R-Infra will own approximately 35% stake in the shipbuilding firm and acquire management control.</div>
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“Majority of the institutional investors have not opted for this open offer and have decided to stay invested in the company,” the person quoted above added.</div>
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Strengthening its entry in the defence sector, R-Infra has applied for 16 more licences covering a wide range of land and naval systems.</div>
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Last month, Reliance Defence secured 12 in-principle industrial licence approvals from the Department of Industrial Policy and Promotion for manufacturing aircraft, helicopters, all-terrain combat vehicles, unmanned aerial vehicles, night-vision devices, sensors, navigation and surveillance equipment, propulsion systems and simulators.</div>
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On 4 November, the R-Infra board said that new high-growth opportunities in the defence sector, arising from Make in India and Skill India initiatives serve vital national priorities and have several attractive features.</div>
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The board said these include relatively low capital intensity, a lower gestation period, minimal regulatory uncertainties, higher job creation and the potential for better return on equity.</div>
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On Wednesday,shares of Pipavav Defence and Offshore Engineering Ltd gained 16.70% to close at <span style="font-family: 'Utopia Std_Rupee';"><span class="WebRupee" style="font-family: WebRupee;">Rs.</span></span>76.50 apiece on BSE, while benchmark Sensex gained 0.69% to close at 25494.37 points</div>
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R-infra gained 3.23% to close at <span style="font-family: 'Utopia Std_Rupee';"><span class="WebRupee" style="font-family: WebRupee;">Rs.</span></span>436.85 per share.</div>
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<i>Reliance Group companies have sued HT Media Ltd, Mint’s publisher, and nine others in the Bombay high court over a 2 October 2014 front-page story that they have disputed. HT Media is contesting the case.</i></div>
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<span style="font-size: x-small;"><span style="font-family: 'Roboto Slab', serif; line-height: 20.8px;"><b>Source :</b> </span><a href="http://www.livemint.com/Search/Link/Author/P.R.%20Sanjai" style="color: #575757; font-family: 'Roboto Slab', serif; line-height: 26px; margin-right: 0px; text-decoration: none;">P.R. Sanjai</a>; <a href="http://www.livemint.com/">http://www.livemint.com</a></span></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-64090075262333752322016-05-07T00:39:00.001+05:302016-05-07T00:41:14.078+05:30Roiled by debt, is it back to the roots for Jaypee Group?<div dir="ltr" style="text-align: left;" trbidi="on">
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Roiled by debt, is it back to the roots for Jaypee Group?</h1>
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Jaypee Group has sold its cash-generating assets to pare Rs75,000 crore in debt but EPC may hold key to its future</div>
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<img alt="Manoj Gaur, executive chairman and chief executive of Jaypee Group. Photo: Pradeep Gaur/Mint" src="http://www.livemint.com/rf/Image-621x414/LiveMint/Period2/2016/04/26/Photos/manojgaur-U101412498684gG--621x414@LiveMint.JPG" /></div>
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<span style="color: #575757; font-size: 14px; line-height: 19.6px;"><i>Manoj Gaur, executive chairman and chief executive of Jaypee Group. Photo: Pradeep Gaur/Mint</i></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Jaypee Group traces its roots to a civil construction project it undertook in Mongrol, Rajasthan, in 1958. That laid the foundation for a long and successful record it went on to build in the engineering, procurement and construction (EPC) business in the subsequent years and decades.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">As Jaypee struggles under the burden of <span style="font-family: 'Utopia Std_Rupee';"><span class="WebRupee" style="font-family: WebRupee;">Rs.</span></span>75,000 crore of debt, as of March 2015, EPC may well hold the key to the future of the conglomerate led by Manoj Gaur.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">EPC is a contract awarded in the engineering and construction industry. The contractor designs the project, procures the necessary equipment and materials to build it and delivers a finished asset to the client.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">A revival looks difficult for Jaypee Group through its power, cement and highway units, unless there’s a dramatic change in the operating environment, said a senior investment banker who advised the Jaypee Group.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">“The Jaypee Group has to go to its roots to survive,” he said on condition of anonymity.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The group based in Noida is thinking along similar lines and revived its focus on the EPC unit, said a person close to the group.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">“Jaypee has a huge focus on the engineering and construction business. That was always the core for Jaypee. The group is revitalizing the EPC business to stage a revival. Jaypee Group may not be able to restore lost glory through the EPC vertical, but it can at least keep its head above the water,” said this person, requesting anonymity.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">In the past two years, Jaypee Group, with interests in power, real estate, cement, highways, fertilizer, hospitality, healthcare and sports, has been pushed by creditors to sell some of its best assets, transfer ownership of land parcels and even <b><a href="http://www.livemint.com/Companies/zw01oaqeIvijLypZqY8yhL/Axis-Bank-takes-over-Jaypee-Groups-HQ.html" style="color: #0c3451;" target="_blank">hand over</a> </b>the keys to the group’s headquarters in Noida to pare debt.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The Jaypee Group has so far over <span style="font-family: 'Utopia Std_Rupee';"><span class="WebRupee" style="font-family: WebRupee;">Rs.</span></span>26,000 crore of cement and power assets.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">An email sent to a group spokesperson on Friday seeking comment on its strategy for its remaining businesses went unanswered.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">In a statement issued on 31 March, the day the Jaypee Group sold 21.20 million tonnes in cement capacity to UltraTech Cement Ltd, Jaypee Group said it is “determined to leverage its expertise in the fields of engineering and construction, real estate and project execution, in a committed manner”.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">At present, the group’s EPC division, housed under the flagship Jaiprakash Associates Ltd, is executing works worth <span style="font-family: 'Utopia Std_Rupee';"><span class="WebRupee" style="font-family: WebRupee;">Rs.</span></span>37,256 crore, according to the firm’s annual report for 2014-15.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Of this, <span style="font-family: 'Utopia Std_Rupee';"><span class="WebRupee" style="font-family: WebRupee;">Rs.</span></span>30,000 crore is the value of the 1,047km-long Ganga Expressway project, connecting Greater Noida and Balia in Uttar Pradesh, which has been indefinitely delayed.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Experts say the EPC business has potential to grow, but the group would need to strengthen its financial position to win projects coming up for bidding.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">“EPC is re-emerging as a prominent business driver. The volume of activity is growing and the contract terms are more balanced now, thanks to the past experience. Many groups see EPC as a clear growth option. However, EPC entails considerable working capital needs. Companies that moved early to divest assets or shed loss-making projects are financially better placed to bid for upcoming EPC contracts,” said Kameswara Rao, leader (energy, utilities and mining) at PricewaterhouseCoopers, a consulting firm.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Jaypee Group has four projects under execution, including the Sardar Sarovar (Narmada) Project in Gujarat, 900 megawatts (MW) Baglihar Hydroelectric Projects in Jammu and Kashmir, Alimineti Madhav Reddy Project in Andhra Pradesh and 990 MW Punatsangchhu II Hydroelectric Project in Bhutan.</span></div>
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<b><span style="font-family: Arial, Helvetica, sans-serif;">Asset sales</span></b></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">In September 2015, Jaiprakash Power Ventures Ltd sold two of its hydro assets for <span style="font-family: 'Utopia Std_Rupee';"><span class="WebRupee" style="font-family: WebRupee;">Rs.</span></span>9,200 crore to JSW Energy Ltd. The company now operates three thermal power plants and one hydro power plant, most of which are facing fuel supply constraints or weak demand.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Jaiprakash Power also signed a memorandum of understanding with JSW Energy to sell its 500 MW Bina thermal power plant in September 2015 but is yet to announce a definitive deal.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The sale of these projects will help bring down debt of the power division by close to 30% but the division’s Ebit (earnings before interest and tax) would come down at a higher 59%, Credit Suisse said in its <i>House of Debt</i> report in October.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">In the cement segment Jaiprakash Associates in March signed a definitive agreement to sell 21.20 million tonnes of cement assets to UltraTech for <span style="font-family: 'Utopia Std_Rupee';"><span class="WebRupee" style="font-family: WebRupee;">Rs.</span></span>15,900 crore. After the deal, the group would be left with 10 million tonnes of cement capacity. That, too, may eventually be sold, said the second person cited above.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The sale of the cement units, while generating cash to pay debt, will also hit earnings. In fiscal year 2015, cement contributed 53.7% of Jaiprakash Associates’ revenue; the cement unit reported a profit before tax of <span style="font-family: 'Utopia Std_Rupee';"><span class="WebRupee" style="font-family: WebRupee;">Rs.</span></span>237 crore. Overall, Jaiprakash Associates reported a loss of <span style="font-family: 'Utopia Std_Rupee';"><span class="WebRupee" style="font-family: WebRupee;">Rs.</span></span>1,831.99 crore for the year.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Once the asset sales are completed, the Jaypee Group would be left with 2,880 MW in operational power capacity, the 160km Yamuna Expressway, land development rights for 25 million sq. metres, three realty projects, one hospital, five hotels, a sports division, one fertilizer plant and its EPC division.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The second person cited earlier in the story noted that since most of the group’s remaining assets are under stress, focussing on the EPC business is logical.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">“Jaypee Group has already sold its best and cash-generating assets in the power and cement sectors. Whatever left is either damaged or yet to get raw material linkage,” said this person.</span></div>
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<b><span style="font-family: Arial, Helvetica, sans-serif;">Fate of non-core ventures</span></b></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">As cash-generating assets dwindle, the fate of new but non-core business ventures that the group entered into also remains uncertain.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Before it hit a rough patch, Jaypee Group diversified into non-infrastructure businesses such as healthcare, hospitality and fertilizer.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Whether the group chooses to exit these businesses will depend on their ability to generate cash flows.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The hospitality business, for instance, is generating cash flows for the group, explained the second person cited above. “At present, the group is not contemplating sale of the hotels considering the cash flows,” this person said.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">In contrast, the group’s plans in healthcare are a drain on the resources, and any plans to expand that business are at a standstill, said the second person. “Originally, Jaypee Group had ambitious plans for expanding its hospital chain. However, the group had put the plan on hold citing slowing economy and debt woes,” he said.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Jaypee Healthcare Ltd, a subsidiary of Jaypee Infratech Ltd at present runs a 504-bed hospital in Noida.</span></div>
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<b><span style="font-family: Arial, Helvetica, sans-serif;">Real estate</span></b></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Apart from reviving the EPC business, the group still has real estate to fall back on.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The company’s infrastructure subsidiary Jaypee Infratech Ltd holds various land parcels and the Yamuna Expressway project —a sale for which could help the firm access some cash flows. On 23 December, <i>Mint</i> <b><a href="http://www.livemint.com/Industry/6gibmCNPiSXsfbmbkvj1oI/Jaypee-Group-looks-to-exit-Yamuna-Expressway.html" style="color: #0c3451;" target="_blank">reported</a> </b>that the company had come around to the idea of selling its entire holding in the expressway after an attempt to sell a partial stake failed.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">“Jaypee Group has good highway assets considering the real estate attached with the highway projects. These can fetch a decent valuation with road sector deals being struck at a premium,” said a third person familiar with the company’s plans.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">“However, the Jaypee Group may not able to address the debt problem entirely through the road assets, considering the size of debt,” this person added, requesting anonymity.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Jaypee Infratech has a right to develop 25 million sq.mt. of land along the expressway, according to its 2014-2015 annual report. Some parts of this land has already been transferred to the banks.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">In addition to these land holdings, Jaiprakash Associates is also executing three large-scale real estate projects in Noida. This, however, may end up being more of a burden than a boon.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The Indian real estate sector has taken a hit due to the rising inventories and a slowdown in demand. According to Liases Foras Real Estate Rating and Research Pvt. Ltd, unsold stock across eight main cities will take 43 months to clear at the current sales rate.</span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">As such, generating cash from real estate sales may be challenging for the group until the real estate sector sees a revival.</span></div>
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<b style="font-size: 16px;">Source : </b><span style="font-size: x-small;"><a href="http://www.livemint.com/">http://www.livemint.com</a>; <span style="line-height: 25.6px;">UltraTech Cement Ltd</span></span></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-12557818258769533852016-03-23T20:13:00.004+05:302016-03-23T20:13:42.759+05:30Heineken increases stake in United Breweries to 43%<div dir="ltr" style="text-align: left;" trbidi="on">
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Heineken increases stake in United Breweries to 43%</h1>
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Mallya holds 32.45% in United Breweries, nearly half of which is pledged with banks as his personal surety for loans taken to run the defunct Kingfisher Airlines</h2>
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Dutch beer maker <a class="storyTags" href="http://www.business-standard.com/search?type=news&q=Heineken" rollapp-href="http://www.business-standard.com/search?type=news&q=Heineken" style="box-sizing: border-box; color: #2591dc; outline: 0px; text-decoration: none;" target="_blank">Heineken </a>increased its stake in<a class="storyTags" href="http://www.business-standard.com/search?type=news&q=United+Breweries" rollapp-href="http://www.business-standard.com/search?type=news&q=United+Breweries" style="box-sizing: border-box; color: #2591dc; outline: 0px; text-decoration: none;" target="_blank">United Breweries </a>to 43% by buying shares in the open market even as UB chairman <a class="storyTags" href="http://www.business-standard.com/search?type=news&q=Vijay+Mallya" rollapp-href="http://www.business-standard.com/search?type=news&q=Vijay+Mallya" style="box-sizing: border-box; color: #2591dc; outline: 0px; text-decoration: none;" target="_blank">Vijay Mallya </a>battles an outrage for loans he owes to banks.</div>
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Mallya holds 32.45% in United Breweries, nearly half of which is pledged with banks as his personal surety for loans taken to run the defunct Kingfisher Airlines.</div>
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Heineken bought 21.15 lakh shares for Rs 178.98 crore to increase its stake in UB by 0.8 per cent. Yes Bank and ECL Finance, with whom Mallya had pledged shares, sold them in bulk deals on Wednesday, according to the Bombay Stock Exchange.</div>
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Mallya, who built India's largest beer and liquor company, lost majority control after he started the cash guzzling Kingfisher Airlines that virtually brought down his empire. Mallya lost majority control in United Breweries to Heineken, in which he still has significant stake and United Spirits to British liquor major Diageo, from which he was forced to exit.In the bargain, Mallya got $75 million from Diageo with a committment not to compete with United Spirits and Diageo globally.</div>
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Source : <a href="http://www.business-standard.com/">http://www.business-standard.com</a></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-69713523434937068972016-03-14T20:18:00.000+05:302016-03-14T20:18:59.798+05:30Coal India shares tumble nearly 7% on ex-dividend<div dir="ltr" style="text-align: left;" trbidi="on">
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Coal India shares tumble nearly 7% on ex-dividend</h1>
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The stock plummeted 6.96 per cent to settle at<span class="WebRupee" style="font-family: "webrupee"; outline: 0px;"> Rs. </span>296.85 on BSE. Intra—day, it tumbled 8.36 per cent to<span class="WebRupee" style="font-family: "webrupee"; outline: 0px;">Rs. </span>292.35.Shares of Coal India Ltd plunged nearly 7 per cent, wiping out<span class="WebRupee" style="font-family: "webrupee"; outline: 0px;"> Rs. </span>14,022 crore from its market valuation, amid massive selling by investors as the stock went ex-dividend today.</div>
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On NSE, shares of the company dipped 6.96 per cent to close at<span class="WebRupee" style="font-family: "webrupee"; outline: 0px;"> Rs. </span>296.70.</div>
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The company’s market valuation was shaved off by<span class="WebRupee" style="font-family: "webrupee"; outline: 0px;"> Rs. </span>14,021.72 crore to<span class="WebRupee" style="font-family: "webrupee"; outline: 0px;"> Rs. </span>1,87,501.28 crore.</div>
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The blue—chip stock was the biggest loser among the 30—share Sensex components.</div>
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On the volume front, 8.20 lakh shares of the company changed hands at BSE and over 90 lakh shares at NSE during the day.</div>
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“The company has fixed March 15, 2016 as the record date for the purpose of payment of interim dividend on equity shares for 2015—16, if declared by the Board,” Coal India had said in a BSE filing late last month.</div>
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Coal India (CIL) has declared an interim dividend of<span class="WebRupee" style="font-family: "webrupee"; outline: 0px;"> Rs. </span>27.40 per share for this fiscal.</div>
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The largest beneficiary will be the central government, which holds 79.64 per cent in CIL and will get a dividend of<span class="WebRupee" style="font-family: "webrupee"; outline: 0px;"> Rs. </span>17,308 crore, a communique had said earlier this month.</div>
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The issuing company fixes a particular date which is termed as record date when the investor must own shares in order to be eligible to participate in events like receiving dividend and bonus shares. PTI SUM ARD 03141858</div>
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(This article was published on March 14, 2016)<br />
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Coal India Ltd</h2>
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BSE: 296.85 (<span class="cNameHead" style="outline: 0px;"> -6.96 </span>% )</h3>
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NSE: 296.70 (<span class="cNameHead" style="outline: 0px;"> -6.96 </span>% )</h3>
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Share Holding Pattern</div>
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<table class="cmData cmDataNested" id="sharePattern" style="border-collapse: collapse; font-family: Arial; font-size: 12px; outline: 0px; width: 640px;"><thead style="outline: 0px;">
<tr style="font-size: 14.4px; font-weight: bold; outline: 0px;"><td class="cmDataTab" colspan="5" style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;"><span class="cmDataActive" style="background-color: #f6f993; border-right-color: rgb(218, 151, 122); border-right-style: solid; border-right-width: 2px; color: #0c6983; cursor: pointer; display: inline-block; outline: 0px; padding: 3px; width: 200px;">Promoter & Group</span> <span style="border-right-color: rgb(218, 151, 122); border-right-style: solid; border-right-width: 2px; color: #98969b; cursor: pointer; display: inline-block; outline: 0px; padding: 3px; width: 200px;">Public Shareholding</span> <span style="border: none; color: #98969b; cursor: pointer; display: inline-block; outline: 0px; padding: 3px; width: 200px;">Shares held by Custodians...</span></td></tr>
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<tr class="promoterGroup" style="background-color: #d6dce4; outline: 0px;"><td colspan="5" style="background-color: white; border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 0px;"><table class="cmData cmDataNested" style="border-collapse: collapse; font-size: 12px; outline: 0px; width: 639px;"><thead style="outline: 0px;">
<tr style="background-color: #d6dce4; outline: 0px;"><th style="background-color: #548593; border: 0px; color: white; margin: 0px; outline: 0px; padding: 2px 4px;">Category of Shareholder</th><th style="background-color: #548593; border: 0px; color: white; margin: 0px; outline: 0px; padding: 2px 4px;">No of Shares</th><th style="background-color: #548593; border: 0px; color: white; margin: 0px; outline: 0px; padding: 2px 4px;">% Share Holdings</th><th style="background-color: #548593; border: 0px; color: white; margin: 0px; outline: 0px; padding: 2px 4px;">Demat Shares</th><th style="background-color: #548593; border: 0px; color: white; margin: 0px; outline: 0px; padding: 2px 4px;">Share Holders</th></tr>
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<tr style="background-color: #fcf7f1; font-size: 13.2px; font-weight: bold; outline: 0px;"><td colspan="5" style="border: 1px solid rgb(222, 222, 222); color: #953510; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Foreign</td></tr>
<tr style="outline: 0px;"><td style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Foreign (Promoter & Group) - Bodies Corporate</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td></tr>
<tr style="background-color: #d6dce4; outline: 0px;"><td style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Foreign (Promoter & Group)-Individuals (Non-Resident / Foreign)</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td></tr>
<tr style="outline: 0px;"><td style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Foreign Promoter(Institutional)</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td></tr>
<tr style="background-color: #d6dce4; outline: 0px;"><td style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Promoter Others</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td></tr>
<tr style="font-weight: bold; outline: 0px;"><td style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Sub Total</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td></tr>
<tr style="background-color: #e9fbf0; font-size: 13.2px; font-weight: bold; outline: 0px;"><td colspan="5" style="border: 1px solid rgb(222, 222, 222); color: #10861e; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Indian</td></tr>
<tr style="outline: 0px;"><td style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Bodies Corporate-Indian (Promoter & Group)</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td></tr>
<tr style="background-color: #d6dce4; outline: 0px;"><td style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Government(Central / State)-Indian (Promoter & Group)</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">5030970582</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">79.6498</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">5030970582</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">1</td></tr>
<tr style="outline: 0px;"><td style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Directors & their Relatives-Indian (Promoter & Group)</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td></tr>
<tr style="background-color: #d6dce4; outline: 0px;"><td style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Financial Institutions / Banks-Indian (Promoter & Group)</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td></tr>
<tr style="outline: 0px;"><td style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Individuals / Hindu Undivided Family-Indian (Promoter & Group)</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td></tr>
<tr style="background-color: #d6dce4; outline: 0px;"><td style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Partnership Firms-Indian (Promoter & Group)</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td></tr>
<tr style="outline: 0px;"><td style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Persons Acting in Concert</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td></tr>
<tr style="background-color: #d6dce4; outline: 0px;"><td style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Trusts</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td></tr>
<tr style="outline: 0px;"><td style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Others</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">0</td></tr>
<tr style="background-color: #d6dce4; font-weight: bold; outline: 0px;"><td style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Sub Total</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">5030970582</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">79.6498</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">5030970582</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">1</td></tr>
<tr style="outline: 0px;"><td style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Total ShareHolding for Promoter & Group</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">5030970582</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">79.6498</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">5030970582</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">1</td></tr>
<tr class="cmDataCommon" style="background-color: #ece5ae; font-weight: bold; outline: 0px;"><td style="border: 1px solid rgb(222, 222, 222); color: #06375c; margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px;">Grand Total</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">6316364400</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">100</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">6316357923</td><td style="border: 1px solid rgb(222, 222, 222); margin: 0px; min-width: 60px; outline: 0px; padding: 4px 0px 4px 4px; text-align: center;">626424</td></tr>
</tbody></table>
</td></tr>
</tbody></table>
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<span style="font-size: 12px;">Source : </span><a href="http://www.thehindubusinessline.com/" style="font-size: 12px;">http://www.thehindubusinessline.com</a><span style="font-size: 12px;">; </span><span style="color: #7f7f7f; font-family: "georgia" , "times new roman" , "times" , serif; line-height: 16px; text-transform: uppercase;"><span style="font-size: x-small;">PTI</span></span></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-10856136976616502032016-02-08T12:59:00.003+05:302016-05-25T11:36:02.771+05:30Why Just Dial shares declining ???<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-size: x-large;">Why Just Dial shares on continuous decline ???</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /><span style="background-color: yellow;"><b>Existing : </b> Due to exit of <b>Sequoia Capital </b>and <b>SAIF Partners</b>. Later <b>Tiger Global</b> had <a href="http://www.vccircle.com/news/technology/2015/05/19/tiger-global-sells-54-stake-just-dial-64m-clocks-over-18x-gross-returns">exited</a> Just Dial.</span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>For Info : </b>Bollywood superstar Amitabh Bachchan holds stake in Just Dial and </span><span style="color: #333333; line-height: 24px;">Amitabh Bachchan is also the brand ambassador of Just Dial.</span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Temasek </b>bets on Just Dial again.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b style="background-color: yellow;">Buying : Nalanda Capital </b><span style="background-color: white; color: #333333;">ups stake in Just Dial for around $18M(</span><span style="background-color: white; color: #333333;">It is the third-largest non-promoter investor in the company)</span></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="background-color: white; color: #333333;"><br /></span></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">SAIF Partners’ portfolio includes BookMyShow, BlueStar, HomeShop18.com, Havells, <span style="background-color: red;"><b>JustDial(exit)</b> </span>, TV9, NSE, Karur Vysya Bank, MindTree, MakeMyTrip.com and Edelweiss. Some of its multi-bagger exits include MakeMyTrip, which listed on NASDAQ a few years ago, and part-exit in Just Dial with about 30x in returns. </span><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="background-color: white; color: #333333;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="color: black;"><br /></span></span></span></span>
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<div style="background-color: #f9fbff; border: 0px; box-sizing: border-box; color: #5f5858; font-family: 'Gentium Book Basic', serif; font-size: 20.8px; line-height: 31.2px; margin: 35px auto; max-width: 680px; outline: 0px; padding: 0px 20px; vertical-align: baseline;">
Singapore-based Private equity investment firm <a href="http://www.nalandacapital.com/" style="border-bottom-color: rgb(180, 231, 248); border-bottom-style: solid; border-width: 0px 0px 3px; box-shadow: rgb(180, 231, 248) 0px -5px 0px inset; box-sizing: border-box; color: rgb(95, 88, 88) !important; font-family: inherit; font-size: 20.8px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">Nalanda Capital</a> has invested around <strong style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: 20.8px; font-style: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">$18 Mn</strong> (<strong style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: 20.8px; font-style: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">INR 120 Cr.</strong>) in Mumbai-based local search service <a href="http://inc42.com/tag/justdial/" style="border-bottom-color: rgb(180, 231, 248); border-bottom-style: solid; border-width: 0px 0px 3px; box-shadow: rgb(180, 231, 248) 0px -5px 0px inset; box-sizing: border-box; color: rgb(95, 88, 88) !important; font-family: inherit; font-size: 20.8px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">JustDial</a>.</div>
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With this, Nalanda’s total stake in the company increased by 2% to 7.58% as per stock market <a href="http://www.dealstreetasia.com/stories/nalanda-capital-hikes-stake-in-just-dial-to-almost-8-28472/" style="border-bottom-color: rgb(180, 231, 248); border-bottom-style: solid; border-width: 0px 0px 3px; box-shadow: rgb(180, 231, 248) 0px -5px 0px inset; box-sizing: border-box; color: rgb(95, 88, 88) !important; font-family: inherit; font-size: 20.8px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">reports</a>.</div>
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<div style="background-color: #f9fbff; border: 0px; box-sizing: border-box; color: #5f5858; font-family: 'Gentium Book Basic', serif; font-size: 20.8px; line-height: 31.2px; margin: 35px auto; max-width: 680px; outline: 0px; padding: 0px 20px; vertical-align: baseline;">
JustDial was founded in 1994 by <strong style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: 20.8px; font-style: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">VSS Mani</strong>. The official website (<a href="http://www.justdial.com/" style="border-bottom-color: rgb(180, 231, 248); border-bottom-style: solid; border-width: 0px 0px 3px; box-shadow: rgb(180, 231, 248) 0px -5px 0px inset; box-sizing: border-box; color: rgb(95, 88, 88) !important; font-family: inherit; font-size: 20.8px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">www.justdial.com</a>) was launched in 2007. It is a local search firm that provides both B2C and B2B listings of small and medium businesses across the country.</div>
<div style="background-color: #f9fbff; border: 0px; box-sizing: border-box; color: #5f5858; font-family: 'Gentium Book Basic', serif; font-size: 20.8px; line-height: 31.2px; margin: 35px auto; max-width: 680px; outline: 0px; padding: 0px 20px; vertical-align: baseline;">
The other two major shareholders of JustDial are <a href="http://inc42.com/tag/sequoia-capital/" style="border-bottom-color: rgb(180, 231, 248); border-bottom-style: solid; border-width: 0px 0px 3px; box-shadow: rgb(180, 231, 248) 0px -5px 0px inset; box-sizing: border-box; color: rgb(95, 88, 88) !important; font-family: inherit; font-size: 20.8px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">Sequoia Capital</a> and <a href="http://inc42.com/tag/saif-partners/" style="border-bottom-color: rgb(180, 231, 248); border-bottom-style: solid; border-width: 0px 0px 3px; box-shadow: rgb(180, 231, 248) 0px -5px 0px inset; box-sizing: border-box; color: rgb(95, 88, 88) !important; font-family: inherit; font-size: 20.8px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">SAIF Partners</a>. <a href="http://inc42.com/tag/tiger-global/" style="border-bottom-color: rgb(180, 231, 248); border-bottom-style: solid; border-width: 0px 0px 3px; box-shadow: rgb(180, 231, 248) 0px -5px 0px inset; box-sizing: border-box; color: rgb(95, 88, 88) !important; font-family: inherit; font-size: 20.8px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">Tiger Global</a>, <strong style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: 20.8px; font-style: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">EGCS</strong> and <strong style="border: 0px; box-sizing: border-box; font-family: inherit; font-size: 20.8px; font-style: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">SAP Ventures</strong> have also invested in the company.</div>
<div style="background-color: #f9fbff; border: 0px; box-sizing: border-box; color: #5f5858; font-family: 'Gentium Book Basic', serif; font-size: 20.8px; line-height: 31.2px; margin: 35px auto; max-width: 680px; outline: 0px; padding: 0px 20px; vertical-align: baseline;">
In 2014, <a href="http://inc42.com/buzz/saif-partners-sells-2-4-stake-justdial-earns-30x-part-exit/" style="border-bottom-color: rgb(180, 231, 248); border-bottom-style: solid; border-width: 0px 0px 3px; box-shadow: rgb(180, 231, 248) 0px -5px 0px inset; box-sizing: border-box; color: rgb(95, 88, 88) !important; font-family: inherit; font-size: 20.8px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">SAIF Partners sold 2.4% stake in</a> JustDial which helped it earn returns of over 30 times in comparison to funds that it had invested.</div>
<div style="background-color: #f9fbff; border: 0px; box-sizing: border-box; color: #5f5858; font-family: 'Gentium Book Basic', serif; font-size: 20.8px; line-height: 31.2px; margin: 35px auto; max-width: 680px; outline: 0px; padding: 0px 20px; vertical-align: baseline;">
<span style="font-size: 20.8px; line-height: 31.2px;">In the past year </span><a href="http://inc42.com/startups/local-services-aggregation-startups-in-india-going-beyond-justdial/" style="border-bottom-color: rgb(180, 231, 248); border-bottom-style: solid; border-width: 0px 0px 3px; box-shadow: rgb(180, 231, 248) 0px -5px 0px inset; box-sizing: border-box; color: rgb(95, 88, 88) !important; font-size: 20.8px; line-height: 31.2px; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">local service aggregators have grown</a><span style="font-size: 20.8px; line-height: 31.2px;"> in India.</span><a href="http://inc42.com/tag/doormint/" style="border-bottom-color: rgb(180, 231, 248); border-bottom-style: solid; border-width: 0px 0px 3px; box-shadow: rgb(180, 231, 248) 0px -5px 0px inset; box-sizing: border-box; color: rgb(95, 88, 88) !important; font-size: 20.8px; line-height: 31.2px; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">DoorMint</a><span style="font-size: 20.8px; line-height: 31.2px;">, </span><a href="http://inc42.com/tag/housejoy/" style="border-bottom-color: rgb(180, 231, 248); border-bottom-style: solid; border-width: 0px 0px 3px; box-shadow: rgb(180, 231, 248) 0px -5px 0px inset; box-sizing: border-box; color: rgb(95, 88, 88) !important; font-size: 20.8px; line-height: 31.2px; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">HouseJoy</a><span style="font-size: 20.8px; line-height: 31.2px;">, </span><a href="http://inc42.com/tag/localoye/" style="border-bottom-color: rgb(180, 231, 248); border-bottom-style: solid; border-width: 0px 0px 3px; box-shadow: rgb(180, 231, 248) 0px -5px 0px inset; box-sizing: border-box; color: rgb(95, 88, 88) !important; font-size: 20.8px; line-height: 31.2px; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">LocalOye</a><span style="font-size: 20.8px; line-height: 31.2px;">, </span><a href="http://inc42.com/tag/urbanclap/" style="border-bottom-color: rgb(180, 231, 248); border-bottom-style: solid; border-width: 0px 0px 3px; box-shadow: rgb(180, 231, 248) 0px -5px 0px inset; box-sizing: border-box; color: rgb(95, 88, 88) !important; font-size: 20.8px; line-height: 31.2px; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">UrbanClap</a><span style="font-size: 20.8px; line-height: 31.2px;">, etc are a few players in this segment.</span></div>
<div style="background-color: #f9fbff; border: 0px; box-sizing: border-box; color: #5f5858; font-family: 'Gentium Book Basic', serif; font-size: 20.8px; line-height: 31.2px; margin: 35px auto; max-width: 680px; outline: 0px; padding: 0px 20px; vertical-align: baseline;">
<span style="font-size: 20.8px; line-height: 31.2px;">Established in May 2007, </span><strong style="border: 0px; box-sizing: border-box; font-size: 20.8px; line-height: 31.2px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Nalanda Capital </strong><span style="font-size: 20.8px; line-height: 31.2px;">invests in small to mid-cap companies in India for a long-term. Nalanda has investments in </span><strong style="border: 0px; box-sizing: border-box; font-size: 20.8px; line-height: 31.2px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Berger Paints, Genpact, Havells, Mindtree</strong><span style="font-size: 20.8px; line-height: 31.2px;"> among others in its portfolio.</span></div>
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<span style="color: #333333; line-height: 24px;"><span style="font-family: "arial" , "helvetica" , sans-serif;">First, the compliments must fly out to the existing promoters <b>V.S.S. Mani</b>, Anita Mani, Ramani Iyer, V. Krishnan and the private equity investors SAIF, Sequoia and Tiger Global for raking in the multibagger profits out of the Just Dial IPO. These investors got in early, pumped in money into an unknown venture, took the risk and are now exiting with gigantic profits.</span></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Surprisingly, <a href="http://rakesh-jhunjhunwala.in/index.php/2012/11/30/amitabh-bachchan-stock-portfolio-bleeds/" style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; color: #4aa4d8; font-style: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Amitabh Bachchan</a>, whose investing talent we admire, is a substantial early investor in Just Dial with 62,794 shares. He subscribed to these shares at just Rs. 10 and at the IPO price of Rs. 543 (high price band), these shares are worth Rs. 3.41 crores, giving him huge multibagger profits. Amitabh Bachchan is also the brand ambassador of Just Dial.</span></div>
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<b>Nalanda Capital, a Singapore-based PE-style investment firm</b> that focuses on public markets, has increased its stake in Mumbai-based Just Dial Ltd, which runs the online business directory and marketplace <b><a href="http://justdial.com/">Justdial.com</a></b>.<br />
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The investment firm acquired a 2.04 per cent stake in the company for an estimated Rs 115-120 crore ($18 million) last week, taking its holding to 7.58 per cent. It had also acquired some shares last month and is now the third-largest non-promoter investor in the company.<br />
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Nalanda has built a large portfolio with investments in publicly traded companies in India. It typically tends to gradually raise its holding in its public listed portfolio and in some firms owns a stake of more than 10 per cent.<br />
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Apart from Nalanda, Just Dial also counts <b>Sequoia Capital</b> and <b>SAIF Partners </b>as investors, among others. These firms had come in as investors before the company went public in 2013. They have sold some of their shares since September 2014, making stellar gains.<br />
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Recently, Sequoia Capital <a href="http://www.vccircle.com/news/technology/2015/11/26/sequoia-trims-holding-just-dial" style="color: #22afda; text-decoration: none;" target="_blank">reduced</a> its exposure in the company selling a chunk of its stake in the company in its third part-exit. It earlier sold some shares as part of the offer for sale during the public issue of Just Dial in mid-2013 and then offloaded some stake in late 2014.</div>
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Last year,<b> Tiger Global had <a href="http://www.vccircle.com/news/technology/2015/05/19/tiger-global-sells-54-stake-just-dial-64m-clocks-over-18x-gross-returns" style="color: #22afda; text-decoration: none;" target="_blank">exited</a> Just Dial</b>. Prior to that, SAIF Partners had also trimmed its holding in the company. Temasek is another investor in the firm.<br />
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Founded by VSS Mani in 1994, Just Dial is a local search firm that provides both B2C and B2B listings of small and medium businesses across the country, and provides services across multiple platforms, including the internet, phone, wireless and print.<br />
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Lately, it has been expanding its business by adding transaction services for its merchants and allowing consumers to buy products and services from third-party vendors like a marketplace. With the most recent addition of products, it has become the first significant listed firm involved in product e-commerce marketplace.<br />
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It would also compete with e-commerce players as well as hyperlocal startups that allow consumers to book services related to home repair etc.<br />
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For the year ended March 31, 2015, the company reported a 15 per cent increase in net profit at Rs 138.84 crore. Operating revenue rose 28 per cent to Rs 589.80 crore.</div>
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Shares of Just Dial closed at Rs 792.45 each, down 1.04 per cent in a strong Mumbai market on Monday. It has a market cap of around $820 million and is the third most-valued public Indian internet firm behind Info Edge (India) Ltd and NASDAQ-listed MakeMyTrip. However, the company's share price has halved from its highs in 2014.</div>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><b>Unbundling Justdial : This Is How 68+ Startups Are Disrupting JD !</b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-size: large;"><br /></span>Justdial, the undisputed local search leader is being disrupted and unbundled by several startups and global players.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Startups That Are Unbundling Justdial</b><br /><br />Currently, there are more than 68+ startups* (including global players) who are disrupting Justdial – across different categories ranging from home delivery services to hotels/restaurant/utility/real estate to chemists/medical services.<br /><br />What’s interesting is how Justdial’s existing investors – Sequoia, SAIF and Tiger are leading the “unbundling round”– having tasted the (local + search) blood !</span></div>
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<em style="background-color: white; box-sizing: border-box; color: #444444; font-family: 'Open Sans'; font-size: 16px; line-height: 26px;">[Data compiled by <a href="http://twitter.com/hsrdce" style="background-color: transparent; border-bottom-color: transparent; border-bottom-style: solid; border-bottom-width: 2px; box-sizing: border-box; color: #f66201; padding-bottom: 2px; text-decoration: none; transition: border-bottom 0.15s ease-in;" target="_blank">Sandeep Reddy</a>, Ashish Sinha and Swathi.]</em></div>
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<span style="color: #444444; font-size: 14px;"><b>Source: </b></span><span style="font-size: x-small;"><span style="color: #006621; font-family: "arial" , sans-serif; line-height: 16px; white-space: nowrap;"><a href="http://www.vccircle.com/">www.vccircle.com</a>;</span><a href="http://rakesh-jhunjhunwala.in/"><b style="font-family: arial, sans-serif; line-height: 16px; white-space: nowrap;">rakesh</b><span style="font-family: "arial" , sans-serif; line-height: 16px; white-space: nowrap;">-</span><b style="font-family: arial, sans-serif; line-height: 16px; white-space: nowrap;">jhunjhunwala</b><span style="font-family: "arial" , sans-serif; line-height: 16px; white-space: nowrap;">.in</span></a>; <a href="http://inc42.com/">http://inc42.com</a>; <a href="http://www.nextbigwhat.com/">http://www.nextbigwhat.com</a></span></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-65110975228069575582016-01-01T00:00:00.000+05:302016-02-08T13:08:03.545+05:30Big B - Amitabh Bachchan's Latest Stock Portfolio<div dir="ltr" style="text-align: left;" trbidi="on">
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Big B - Amitabh Bachchan's Latest Stock Portfolio</span></h2>
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<span style="font-family: 'helvetica neue', arial, helvetica, sans-serif;">Amitabh Bachchan is turning to be the Big B for Indian stock market as well. Learning from the initial setbacks and mistakes,Bachchan is coming out as an investor we should follow. He started off his investment career in stock market in 2011 by investing in unknown penny stocks which turned out to be disastrous.</span></div>
<span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><a href="https://www.blogger.com/null" name="more" style="font-family: 'Times New Roman'; line-height: 22.4px; text-align: left;"></a><br style="font-family: 'Times New Roman'; line-height: 22.4px; text-align: left;" /><span style="line-height: 22.4px; text-align: left;">In July 2011, Amitabh Bachchan jumped into Birla Pacific Medspa IPO, a company which is engaged in the lucrative business of running a Spa and promoted by the high profile Yash Birla, a person from Birla family with zero business acumen.(Guys.. just search for Yash Birla in Google and you will find interesting guidance from Google).</span><br style="font-family: 'Times New Roman'; line-height: 22.4px; text-align: left;" /></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIM7CJ4cHWIDABdDhP8rTo_xsJrKafz-ZTgS4W1GM1EcO9nAILbuAmGhQk77iJNO_wd6Fp_PBUSsi1FMOJlXnzEl8Zp53zIbjIfGx13d4DJLEIUVn_TXFZrnXkr1qH-esf-8uevdoZhLjs/s1600/Amitabh+Bachchan.jpg" imageanchor="1" style="color: #2970a6; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIM7CJ4cHWIDABdDhP8rTo_xsJrKafz-ZTgS4W1GM1EcO9nAILbuAmGhQk77iJNO_wd6Fp_PBUSsi1FMOJlXnzEl8Zp53zIbjIfGx13d4DJLEIUVn_TXFZrnXkr1qH-esf-8uevdoZhLjs/s1600/Amitabh+Bachchan.jpg" style="border: 1px solid rgb(204, 204, 204); padding: 2px;" /></a></div>
<span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif;"><br style="font-family: 'Times New Roman'; line-height: 22.4px; text-align: left;" /><span style="line-height: 22.4px; text-align: left;">Our poor Big B smelled a multibagger in Birla Pacific Medspa and bought 16,75,000 shares (1.49% of the total equity) by investing Rs. 1.67 crore at a rate of nearly Rs.10. Soon after listing, Birla Pacific Medspa spiked to an all-time high of Rs. 30, trebling his investment. But things went wrong from there. If you are brave enough, you can check the current price of Birla Pacific Medspa. </span><br style="font-family: 'Times New Roman'; line-height: 22.4px; text-align: left;" /><br style="font-family: 'Times New Roman'; line-height: 22.4px; text-align: left;" /><span style="line-height: 22.4px; text-align: left;">Then Bachchan tried his luck in Fineotex Chemicals. After its IPO price of Rs. 72, Fineotex Chemicals jumped to 350 levels. When it started sliding, Amitabh Bachchan thought it is a good opportunity to increase the stake and bought 3 lakh shares between Rs. 170 to Rs. 150 per share. Currently it is trading @ Rs. 42. Till now he has not sold a single stock and holding nearly 5% of the total equity,waiting patiently for revival.</span><br style="font-family: 'Times New Roman'; line-height: 22.4px; text-align: left;" /><br style="font-family: 'Times New Roman'; line-height: 22.4px; text-align: left;" /><span style="line-height: 22.4px; text-align: left;">Seeing these setbacks, a famous stock broker said-"He should not be investing in penny stocks and these unknown firms. He should not be wasting his money. A person of his stature should invest in blue-chip stocks. A regular trader can experiment with penny stocks. There are several other investment opportunities which Bachchan should explore".</span><br style="font-family: 'Times New Roman'; line-height: 22.4px; text-align: left;" /><br style="font-family: 'Times New Roman'; line-height: 22.4px; text-align: left;" /><span style="line-height: 22.4px; text-align: left;">And yes, he learned from the mistakes and for the third time, got it right. The Amitabh Bachchan bought 92,030 shares of Neuland Labs. At the CMP of Rs. 424, the investment has given 800% gain in the past four year.</span></span><br />
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<span style="background-color: yellow; font-size: large;"><span style="background-color: white; color: #333333; font-family: 'helvetica neue', arial, helvetica, sans-serif; font-size: 14px; line-height: 22.4px; text-align: justify;">In 2011, being the brand ambassador for Just Dial, Bachchan was given 62,794 shares at a throw away price of Rs 10 each. Originally, Bachchan's 62,794 shares were valued at Rs 6.27 lakh. The value of these shares spurted to Rs 3.83 crore on the debut day after IPO in 2013, as per its listing day price of Rs 611.45 each. Currently the stock is trading @ Rs.1250</span><br style="background-color: white; color: #333333; font-family: 'helvetica neue', arial, helvetica, sans-serif; font-size: 14px; line-height: 22.4px; text-align: justify;" /><br style="background-color: white; color: #333333; font-family: 'helvetica neue', arial, helvetica, sans-serif; font-size: 14px; line-height: 22.4px; text-align: justify;" /><span style="background-color: white; color: #333333; font-family: 'helvetica neue', arial, helvetica, sans-serif; font-size: 14px; line-height: 22.4px; text-align: justify;">His fourth pick, Stampede Capital, an unknown company to many, was a surprise to all. He bought the shares in several lots between 14th May 2014 and 6th June 2014. His first bulk purchase of 110,000 shares was on 14th May 2014 at a paltry price of Rs. 88 per share. Today, Stampede is at Rs. 520. This means that Amitabh has made a mind-blowing profit of nearly 500% in about a year’s time. His holding of 847,500 shares is worth Rs. 43 crore. Stampede Capital has molded itself into a global financial technology house specializing in "Automation of Knowledge Work" and Cloud Computing for financial markets.</span></span><br />
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<span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif;">Source : <a href="http://www.indianhiddengems.com/">http://www.indianhiddengems.com/</a></span></div>
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Nitin Fire surges 10% after Amitabh Bachchan buys stake</span></h1>
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Amitabh Bachchan bought 1.5 million shares of Nitin Fire Protection on August 14 at a price of Rs 42.99 per share.</h2>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="font-family: "open sans" , sans-serif; font-size: 15px; font-weight: normal; line-height: 24px;">Shares of </span><a class="storyTags" href="http://www.business-standard.com/search?type=news&q=Nitin+Fire+Protection+Industries" style="box-sizing: border-box; color: #2591dc; font-family: 'Open Sans', sans-serif; font-size: 15px; font-weight: normal; line-height: 24px; outline: 0px; text-decoration: none;" target="_blank">Nitin Fire Protection Industries </a><span style="font-family: "open sans" , sans-serif; font-size: 15px; font-weight: normal; line-height: 24px;">have surged by nearly 10% to Rs 47.05, extending Friday’s nearly 6% gain on the National Stock Exchange (NSE), after the bollywood star </span><a class="storyTags" href="http://www.business-standard.com/search?type=news&q=Amitabh+Bachchan" style="box-sizing: border-box; color: #2591dc; font-family: 'Open Sans', sans-serif; font-size: 15px; font-weight: normal; line-height: 24px; outline: 0px; text-decoration: none;" target="_blank">Amitabh Bachchan </a><span style="font-family: "open sans" , sans-serif; font-size: 15px; font-weight: normal; line-height: 24px;">acquired more than one million equity shares of the company through the open market.</span><br style="box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; font-weight: normal; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><br style="box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; font-weight: normal; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><span style="font-family: "open sans" , sans-serif; font-size: 15px; font-weight: normal; line-height: 24px;">On August 14, Amitabh Harivanshrai Bachchan had bought 1.5 million shares representing 0.51% of the total equity of Nitin Fire Protection Industries at a price of Rs 42.99 per share, according to disclosures made under bulk deal section on the NSE.</span><br style="box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; font-weight: normal; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><br style="box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; font-weight: normal; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><span style="font-family: "open sans" , sans-serif; font-size: 15px; font-weight: normal; line-height: 24px;">The stock opened at Rs 46.50 and touched a high of Rs 47.15 on the NSE. A combined 1.53 million shares changed hands on the counter on the NSE and BSE till 10:09 AM.</span><br style="box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; font-weight: normal; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><br style="box-sizing: border-box; font-family: 'Open Sans', sans-serif; font-size: 15px; font-weight: normal; height: 0px !important; line-height: 24px; margin: 0px; padding: 0px;" /><span style="font-family: "open sans" , sans-serif; font-size: 15px; font-weight: normal; line-height: 24px;">Meanwhile, the stock has zoomed by 73% from its 52-week low of Rs 27 touched on June 12, 2015, compared to a 6% rise in the CNX Nifty.</span></span></h1>
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<span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;"><span style="font-family: "open sans" , sans-serif; font-size: 15px; font-weight: normal; line-height: 24px;">Source : </span></span><span style="font-family: "open sans" , sans-serif;"><span style="font-size: 15px; line-height: 24px;"><a href="http://www.business-standard.com/">http://www.business-standard.com/</a></span></span></div>
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<span style="background-color: yellow; font-size: large;">Ever Heard Of Stampede Capital? Its’ Amitabh Bachchan’s Latest Stock Pick</span><br />
<span style="background-color: yellow;">Jun1, 2014</span></div>
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<a href="https://blogger.googleusercontent.com/img/proxy/AVvXsEhu_l0N9EvrMpmsmYbQVZF2HqtzrdyG3ADBGeNaABp2DbkhLF27nMMJuQ_DW4v3BY-5KrDw0CsZRMwmxOBhWct4WG4WVK5qk5q2u63J30eFmR9LUKaFTWw9NZcBUHNMrp0lA2KFBk-c31UyfBkyYZIkTm8nwJnGytQlWMhREcvqzLCtu8Ke-I9x62uGHOFBW1i8J-tJdg=" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Amitabh Bachchan" border="0" src="http://rakesh-jhunjhunwala.in/wp-content/uploads/2012/11/amitabh_bachchan-150x150.jpg" /></a></div>
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Amitabh Bachchan, the doyen of Bollywood, has a mixed track record as an investor. On the one hand, he has a super-duper multibagger stock in Just Dial. In a brilliant strategic move, Amitabh (who is/was the brand ambassador of Just Dial) acquired 62,794 shares at par for a paltry consideration of Rs 6.27 lakh. Today, that holding is worth a fabulous Rs 9 crore.</div>
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On the other hand, Amitabh Bachchan has been gullible enough to trust his hard-earned money to a junkyard stock like Birla MedSpa. That worthless stock has no takers even at the princely price of Rs. 0.46.</div>
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Now, the intriguing part is that Amitabh Bachchan has gone ahead and entrusted a fabulous sum of Rs. 1.21 crore in buying 1.1 lakh shares in a company called Stampede Capital Ltd. He bought the stock in a bulk deal on 27.05.2014.</div>
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Stampede Capital is a micro-cap stock with a market capitalisation of Rs. 255 crore. It is Hyderabad based and calls itself “<em style="border: 0px; font-family: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">A global financial technology house and Underwriters of global derivative markets</em>”. It is owned (58.37%) by Venkat S Meenavalli, who appears to be a software developer. The website has some information according to which Stampede Cloud Services is said to have handled “<em style="border: 0px; font-family: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">5 Billion USD transactions</em>”. Stampede is also said to have launched “<em style="border: 0px; font-family: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">1 Terra Hash Mining Rig for Bitcoin</em>”, whatever that means. Stampede also issued a<a href="http://www.moneycontrol.com/stocks/reports/stampede-cap-stampede-cloud-launches-1-terra-hash-mining-rig-for-bitcoin-749567.html" style="border: 0px; color: #4aa4d8; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;" target="_blank">press release</a> which talks about running “<em style="border: 0px; font-family: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">financial cloud solutions for forex and equity markets with more than 100 servers</em>”.</div>
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The stock has been on fire in the recent past. In just 3 months it has doubled (107% gain). In the last one month, it has given a 48% return. In the last week, the return is 28%.</div>
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So, it does appear that something is cooking in Stampede Capital. It is obvious that Amitabh Bachchan would have no knowledge of “<em style="border: 0px; font-family: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Bitcoin Mining</em>” or “<em style="border: 0px; font-family: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">financial cloud</em>” or any of that jargon. He has probably got hold of some information that Stampede will make some big-bang announcement soon and he has bought the stock in anticipation of that news.</div>
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Meanwhile, the Q4FY14 results were not inspiring. Stampede Capital reported a consolidated sales turnover of Rs 6.33 crore and a net loss of Rs 3.63 crore for the quarter. In Q4FY13, Stampede had a sales turnover of Rs 4.70 crore and net profit of Rs 1.75 crore. So, while the sales turnover has zoomed, the profitability has taken a beating.</div>
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What we have to now see is whether Amitabh Bachchan’s investment in Stampede Capital goes the Just Dial way or the Birla MedSpa way. Any guesses?</div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Source : <a href="http://rakesh-jhunjhunwala.in/">http://rakesh-jhunjhunwala.in/</a></span></div>
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<span style="color: #393939; font-family: "arial"; font-size: 25px; line-height: 25px;"><b style="background-color: yellow;">Amitabh Bachchan's investment portfolio: Big B buys while the world sells</b></span><br />
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<span style="border: 0px; font-family: "arial" , "helvetica" , sans-serif; margin: 0px; padding: 0px;">He's never away from the glare. Whether he's coming out of a hospital holding his granddaughter, a midnight stroll to Siddhivinayak temple or even a simple tweet on Aishwariya's daughter - people just cannot seem to have enough of <a href="http://economictimes.indiatimes.com/topics.cms?search=Amitabh%20Bachchan" style="border: 0px; color: #336797; margin: 0px 0px 10px; padding: 0px; text-decoration: none;">Amitabh Bachchan</a>.</span></div>
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<span style="border: 0px; font-family: "arial" , "helvetica" , sans-serif; margin: 0px; padding: 0px;">There's very little that one doesn't know about Big B - his films, his poetry, his TV show Kaun Banega Crorepati, his misadventure with <a href="http://economictimes.indiatimes.com/topics.cms?search=ABC%20Corp" style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; color: #336797; margin: 0px 0px 10px; padding: 0px; text-decoration: none;">ABC Corp</a>, his life-threatening accident on the sets of Coolie, his baritone and bungalows.</span></div>
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<span style="border: 0px; font-family: "arial" , "helvetica" , sans-serif; margin: 0px; padding: 0px;">But there's something about Big B (not the Big Bull of stock markets) that's not so well-known, or well documented - his equity investments.</span></div>
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<span style="border: 0px; font-family: "arial" , "helvetica" , sans-serif; margin: 0px; padding: 0px;">Curiously, at a time when the world's in a selling mode, Bachchan has picked up a few stocks. Last week, the actor bought three lakh shares of Fineotex Chemicals through open market purchases on the <a href="http://economictimes.indiatimes.com/topics.cms?search=BSE" style="border: 0px; color: #336797; margin: 0px 0px 10px; padding: 0px; text-decoration: none;">BSE</a>. He bought 1.1 lakh shares of the company in two tranches at 170.08 and 170.85 per share, respectively. The actor seems to have averaged out when he bought another bundle of 80,000 shares at 149.24 two days later.</span></div>
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<span style="border: 0px; font-family: "arial" , "helvetica" , sans-serif; margin: 0px; padding: 0px;">According to Capitaline database, post the bulk purchases, Bachchan holds 1.2% shares in Fineotex Chemical, a company that deals in speciality chemicals.</span></div>
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<span style="border: 0px; font-family: "arial" , "helvetica" , sans-serif; margin: 0px; padding: 0px;">Apart from Fineotex, Bachchan also holds significant stakes in <a href="http://economictimes.indiatimes.com/topics.cms?search=Birla%20Pacific%20Medspa" style="border: 0px; color: #336797; margin: 0px 0px 10px; padding: 0px; text-decoration: none;">Birla Pacific Medspa</a> and Neuland Labs, where he holds 1.4 and 1.7%, respectively. Till early 2010, Bachchan held 3.6% stake in <a href="http://economictimes.indiatimes.com/energy-development-company-ltd/stocks/companyid-4595.cms" style="border: 0px; color: #336797; margin: 0px 0px 10px; padding: 0px; text-decoration: none;">Energy Development Company</a>, an electric utilities company promoted by friend and Rajya Sabha member <a href="http://economictimes.indiatimes.com/topics.cms?search=Amar%20Singh" style="border: 0px; color: #336797; margin: 0px 0px 10px; padding: 0px; text-decoration: none;">Amar Singh</a>.</span></div>
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<span style="border: 0px; font-family: "arial" , "helvetica" , sans-serif; margin: 0px; padding: 0px;">According to a Mumbai-based wealth manager, who knows an accountant servicing the Bachchans, the actor has investments in several smaller listed and unlisted companies.</span></div>
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<span style="border: 0px; font-family: "arial" , "helvetica" , sans-serif; margin: 0px; padding: 0px;">According to investment declarations made by his wife <a href="http://economictimes.indiatimes.com/topics.cms?search=Jaya%20Bachchan" style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; color: #336797; margin: 0px 0px 10px; padding: 0px; text-decoration: none;">Jaya Bachchan</a>, in her capacity as Rajya Sabha member in 2009, Bachchan has investments worth 121.9 crore in companies and about 3.15 crore in bank deposits, apart from other assets. Bachchan, when contacted, declined to comment on his investments. And an email query sent to his office remained unanswered.</span></div>
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<span style="border: 0px; font-family: "arial" , "helvetica" , sans-serif; margin: 0px; padding: 0px;">Both Birla Pacific Medspa and Fineotex Chemicals got listed on the exchanges this year. The 65-crore Birla Pacific IPO hit the market in July, with an offer price of 10. The issue debuted on the exchange at 10.10 and is currently trading at 12.</span></div>
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<span style="border: 0px; font-family: "arial" , "helvetica" , sans-serif; margin: 0px; padding: 0px;">Fineotex launched its 30-crore public offering in March at an offer price of 70. The stock is currently trading at 108 on the BSE. The speciality company has reported 1.4 crore profits on 7.5 crore worth of revenues in the June quarter.</span></div>
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<span style="border: 0px; font-family: "arial" , "helvetica" , sans-serif; margin: 0px; padding: 0px;">"Amitabh Bachchan, I think, became our shareholder after the IPO... He's a general shareholder. We've not interacted with him or his advisors prior to his buying our shares. It was a secondary market purchase; we really don't have much role in it," said Khyati Mashru, company secretary of Birla Pacific Medspa, which is a Yash Birla Group company and operates a health-cum-beauty chain.</span></div>
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<span style="border: 0px; font-family: "arial" , "helvetica" , sans-serif; margin: 0px; padding: 0px;">Echoing Khyati, Mary Monica Braganza, company secretary of <a href="http://economictimes.indiatimes.com/neuland-laboratories-ltd/stocks/companyid-9051.cms" style="border: 0px; color: #336797; margin: 0px 0px 10px; padding: 0px; text-decoration: none;">Neuland Laboratories</a> said, "Bachchan is just one of our many shareholders. He's not related to the company or its promoters in any other way." Fineotex officials were not available for comments.</span></div>
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<span style="border: 0px; font-family: "arial" , "helvetica" , sans-serif; margin: 0px; padding: 0px;">Some city-based money managers, who track investments, say 'Big B' has investments in most Sensex stocks and other mid-cap companies. His mode of investments is reportedly skewed towards education, media & entertainment, FMCG and healthcare sectors.</span></div>
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<span style="border: 0px; font-family: "arial" , "helvetica" , sans-serif; margin: 0px; padding: 0px;">Of his several bets, his investment in Reliance Power has not yielded any results. Bachchan had reportedly invested in Reliance Power at the time of IPO, at 430 per share. The stock, post bonus, is currently trading at 91.70 on the BSE.</span></div>
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<span style="border: 0px; font-family: "arial" , "helvetica" , sans-serif; margin: 0px; padding: 0px;">Cash-rich superstars make their investments in regulated asset classes through chartered accountants and banks, the wealth manager close to Bachchan's accountant, said. Relationship managers of big private banks often peddle structured investment products to stars, but such products rarely find takers among successful stars who employ advisory services.</span></div>
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<span style="border: 0px; font-family: "arial" , "helvetica" , sans-serif; margin: 0px; padding: 0px;">Apart from stocks, bonds and bank accounts, Bollywood stars invest in real estate in a big way. Some of them have bought living pads in cities like Dubai, London and New York, the wealth manager said.</span></div>
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<span style="background-color: white; color: #999999; font-family: "arial"; font-size: 10px; line-height: 20px;">Shailesh Menon, ET Bureau</span><br />
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(In stock market, Big B buys…)</div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="background-color: white; color: #404040; line-height: 18px;">Mega star Amitabh Bachchan, known as the</span><a href="http://economictimes.indiatimes.com/topics.cms?search=Big%20B" style="background-color: white; border: 0px; color: #336797; line-height: 18px; margin: 0px 0px 10px; padding: 0px; text-decoration: none;">Big B</a><span style="background-color: white; color: #404040; line-height: 18px;"> of the Bollywood, invests in small and mid-sized companies as well when it comes to stock market purchases, and is sitting on losses on some of his recent investments.</span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">As per the data available with the Bombay Stock Exchange, Bachchan holds stakes between 1-3 per cent in at least three listed companies -- <a href="http://economictimes.indiatimes.com/neuland-laboratories-ltd/stocks/companyid-9051.cms" style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; color: #336797; margin: 0px 0px 10px; padding: 0px; text-decoration: none;">Neuland Laboratories</a>, <a href="http://economictimes.indiatimes.com/topics.cms?search=Birla%20Pacific%20Medspa" style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; color: #336797; margin: 0px 0px 10px; padding: 0px; text-decoration: none;">Birla Pacific Medspa</a> and <a href="http://economictimes.indiatimes.com/fineotex-chemical-ltd/stocks/companyid-33348.cms" style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; color: #336797; margin: 0px 0px 10px; padding: 0px; text-decoration: none;">Fineotex Chemical</a>.</span></div>
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<span style="font-size: x-small;"><span class="pubdate" style="border: 0px; color: #999999; line-height: 20px; margin: 0px; padding: 0px;">Source : PTI</span><span class="separator" style="border: 0px; color: #999999; line-height: 20px; margin: 0px 0px 10px; padding: 0px 5px 0px 0px;"> </span></span></div>
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Amitabh Bachchan's investment in penny stocks makes markets curious</span></h1>
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<span class="tag-title" style="color: #005588; font-family: "arial black" , "gadget" , sans-serif; font-weight: 600; outline-style: none; text-transform: uppercase;">TAGS: </span><a class="tags" href="http://indiatoday.intoday.in/advanced_search.jsp?searchword=Amitabh%20Bachchan&searchtype=text&search_type=article" style="color: #002f59; margin: 0px 5px; outline-style: none; text-decoration: none;">Amitabh Bachchan</a> | <a class="tags" href="http://indiatoday.intoday.in/advanced_search.jsp?searchword=Penny-stock%20firms&searchtype=text&search_type=article" style="color: #002f59; margin: 0px 5px; outline-style: none; text-decoration: none;">Penny-stock firms</a> | <a class="tags" href="http://indiatoday.intoday.in/advanced_search.jsp?searchword=Dalal%20Street&searchtype=text&search_type=article" style="color: #002f59; margin: 0px 5px; outline-style: none; text-decoration: none;">Dalal Street</a> |<a class="tags" href="http://indiatoday.intoday.in/advanced_search.jsp?searchword=Stock%20Market&searchtype=text&search_type=article" style="color: #002f59; margin: 0px 5px; outline-style: none; text-decoration: none;">Stock Market</a> | <a class="tags" href="http://indiatoday.intoday.in/advanced_search.jsp?searchword=Amitabh%20Harivansh%20Rai%20Bachchan&searchtype=text&search_type=article" style="color: #002f59; margin: 0px 5px; outline-style: none; text-decoration: none;">Amitabh Harivansh Rai Bachchan</a>| <a class="tags" href="http://indiatoday.intoday.in/advanced_search.jsp?searchword=Birla%20Pacific%20Medspa&searchtype=text&search_type=article" style="color: #002f59; margin: 0px 5px; outline-style: none; text-decoration: none;">Birla Pacific Medspa</a> |<a class="tags" href="http://indiatoday.intoday.in/advanced_search.jsp?searchword=Fineotex%20Chemical&searchtype=text&search_type=article" style="color: #002f59; margin: 0px 5px; outline-style: none; text-decoration: none;">Fineotex Chemical</a> |<a class="tags" href="http://indiatoday.intoday.in/advanced_search.jsp?searchword=Mand%20B%20Switchgears&searchtype=text&search_type=article" style="color: #002f59; margin: 0px 5px; outline-style: none; text-decoration: none;">Mand B Switchgears</a> |<a class="tags" href="http://indiatoday.intoday.in/advanced_search.jsp?searchword=Neuland%20Laboratories&searchtype=text&search_type=article" style="color: #002f59; margin: 0px 5px; outline-style: none; text-decoration: none;">Neuland Laboratories</a></div>
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<span style="color: #979797; font-family: "roboto"; font-size: 14px; line-height: 15px;">June 21, 2012</span><br />
<img align="middle" alt="Amitabh Bachchan" border="0" src="http://media2.intoday.in/indiatoday/images/stories/amitabh--2_350_062112122331.jpg" height="225" style="border: none; outline-style: none;" title="Amitabh Bachchan" width="350" /></div>
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<i>Amitabh Bachchan is on a stock-buying spree.</i></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Amitabh Bachchan has made markets curious. Big B is believed to be investing in stocks during this bearish phase and the buzz on Dalal Street is that the superstar has been buying shares at lower levels to raise his holding in low-profile firms in which he has over one per cent stake.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">These stocks are not market favourites and it is still not known as to why Bachchan is investing in these unknown companies. However, following the news of Bachchan buying at discounted prices, the stocks of these companies gained substantially on Wednesday. Operators made a killing as these stocks suddenly came into the limelight.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Bachchan is reportedly increasing his holding in penny-stock companies such as the Yash Birla-controlled Birla Pacific Medspa. Other low-profile firms, which he has been investing in are Fineotex Chemical, Mand B Switchgears and Neuland Laboratories. While he has been buying shares of these companies in the last few quarters, it could not be immediately ascertained as to how much additional shares he has acquired in the current quarter. All the shares are in the name of Amitabh Harivansh Rai Bachchan. An email sent to Bachchan remained unanswered. Calls made to his office also did not elicit response.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">According to stock exchange data, Bachchan as of March has 1,675,000 shares in <b>Birla Pacific Medspa</b>, which account for 1.49 per cent stake in the company. Between September 2011 and March 2012, his stake has risen by 0.06 per cent in the firm.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">According to sources, Bachchan has also increased his holding in <b>Fineotex Chemical</b> recently. As of March, Bachchan had 3.97 per cent holding in the company with 445,482 shares. Between December 2011 and March 2012, he had risen his holding by 0.07 per cent when the price was lower by 15 per cent. The promoter of the company is <b>Surendra Tibrewala</b> and Bachchan is the single largest individual shareholder.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">There have been some bulk deals in these companies in the current quarter but it is still not clear whether some broker had bought shares on Bachchan's behalf. The shareholding data can only be updated after June.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">The other two firms in which Bachchan invested are <b>Indore-based Mand B Switchgears</b>, which manufactures distribution, power, furnace transformers, and <b>Hyderabad-based pharmaceuticals company Neuland Laboratories</b>.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">As of March, Bachchan's holding in Mand B Switchgears was 2.3 per cent with 5,50,000 shares and he has 1.71 per cent holding in Neuland Labs with 92,530 shares.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Birla Pacific Medspa closed with a gain of 2.85 per cent at <span class="rupee" style="outline-style: none;">R<span style="outline-style: none;">s.</span></span>5.05. Fineotex Chemical was up seven per cent to close at <span class="rupee" style="outline-style: none;">R<span style="outline-style: none;">s.</span></span>39. Mand B Switchgears gained 3.44 per cent to close at <span class="rupee" style="outline-style: none;">R<span style="outline-style: none;">s.</span></span>132.15 and Neuland Lab gained 3.29 per cent to close at<span class="rupee" style="outline-style: none;">R<span style="outline-style: none;">s.</span></span>80.05.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Stock analysts declined to comment but were surprised at Bachchan's choice of stocks. "He should not be investing in penny stocks and these unknown firms. He should not be wasting his money. A person of his stature should invest in blue-chip stocks. A regular trader can experiment with penny stocks. There are several other investment opportunities which Bachchan should explore," said a stock analyst on condition of anonymity.</span></div>
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Source : <a href="http://indiatoday.intoday.in/">http://indiatoday.intoday.in</a></div>
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An Indian yoga guru is building one of the country’s biggest consumer goods companies</h1>
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<span style="background-color: #f9f9f9; color: #a1a1a1; font-family: "adelle" , sans-serif; font-size: 15px;">Show me the money. </span><span class="featured-image-credit" style="background-color: #f9f9f9; border: 0px; color: #a1a1a1; font-family: "adelle" , sans-serif; font-size: 15px; font-stretch: inherit; margin: 0px 0px 0px 7px; padding: 0px; vertical-align: baseline;">(AP Photo/Rajesh Kumar Singh)</span></div>
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First he became the face of yoga in India. Now, he is taking on major global consumer goods companies with products ranging from herbal tea and fruit juices to toiletries.</div>
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Baba Ramdev—born Ramkrishna Yadav—seems poised to give some of India’s biggest consumer goods makers a run for their money with his ayurvedic, made in India products. Patanjali Ayurved Ltd, a company that Ramdev founded in 2006 along with his confidante, Acharya Bal Krishna, has emerged amongst India’s fastest growing fast moving consumer goods (FMCG).</div>
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And Ramdev is piggybacking on prime minister Narendra Modi’s Make in India campaign to promote his goods. All the products that Patanjali manufactures have a “Made in Bharat” label.</div>
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Hah. Patanjali products are made in Bharat. Is that even regulatory compliance? <a href="http://t.co/fz4VK0VSzq" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">pic.twitter.com/fz4VK0VSzq</a></div>
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— Nirwa Mehta (@nirwamehta) <a href="https://twitter.com/nirwamehta/status/628209905829163008" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">August 3, 2015</a></div>
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This week, Patanjali <a href="http://timesofindia.indiatimes.com/india/Patanjali-launches-noodles-plans-6-manufacturing-units/articleshow/49801517.cms" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">launched a noodle brand</a> to compete with Nestle’s Maggi, which is now back in Indian markets after a brief ban. While India’s food regulator, FSSAI, <a href="http://indianexpress.com/article/india/india-news-india/noodles-launched-by-ramdev-have-no-approval-says-fssai/" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">maintains that Patanjali’s noodles</a> don’t have necessary approvals, the company <a href="http://www.livemint.com/Consumer/nKe13ofjRRuymbnaP5MrTI/Patanjali-launches-noodles-plans-6-manufacturing-units.html" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">is all set to start sales</a> in the coming weeks. Ramdev’s company is also planning to<a href="http://timesofindia.indiatimes.com/business/india-business/Ramdev-to-take-on-Adidas-Nike-with-yogawear-line/articleshow/49809942.cms" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;"> take on global sportswear brands</a> like Nike and Adidas by introducing a yoga-wear collection.</div>
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In January, Aditya Pittie, chairman of the Pittie Group, which is a distributor for Patanjali’s products, <a href="http://timesofindia.indiatimes.com/business/india-business/Ramdev-expands-empire-beyond-yoga-to-FMCG-business-poised-to-touch-Rs-2000cr-this-fiscal/articleshow/45861809.cms" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">told the Times of India newspaper</a>that the company was expected to cross the Rs2,000 crore mark in the 2015 fiscal. If these estimates are true, the eight-year-old firm has already overtaken brands like Emami—an old name in India’s FMCG sector.</div>
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Quartz was not able to independently verify these figures as India’s Registrar of Companies does not have information for the 2015 financial, yet. Patanjali Ayurved did not respond to an emailed questionnaire from Quartz.</div>
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Rocketing revenues</h2>
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Patanjali’s phenomenal growth trajectory is making big retail chains in the country sit up.</div>
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Although the company has a massive presence across India trough franchisees—its products are available in<a href="https://slack-redir.net/link?url=http%3A%2F%2Fwww.business-standard.com%2Farticle%2Fcompanies%2Framdev-turns-his-ayurved-enterprise-into-an-fmcg-empire-115062800143_1.html" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank"> over 177,000 retail stores</a>—it is now tying up with retail behemoths to reach a wider audience.</div>
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In October, Ramdev entered into a partnership<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"> </span>with the Kishore Biyani-owned Future Group for promotion and distribution of its products. Future Group is one of India’s largest retail groups with presence in more than 95 cities.</div>
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“Our effort is to promote <em style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">swadeshi</em> and give a tough fight to MNCs,”<a href="http://timesofindia.indiatimes.com/business/india-business/Future-Group-ties-up-with-Baba-Ramdevs-Patanjali-Ayurved/articleshow/49290770.cms" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">Ramdev told reporters</a> after announcing the alliance with Future Group. The 50-year-old yoga teacher added that Patanjali will also launch new products like pasta, oats, muesli and juices to cater to India’s growing middle class that is developing a taste for western flavours.</div>
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For the current fiscal, the firm is looking to <a href="http://www.btvin.com/article/read/exclusive/2919/patanjali-aims-rs-5-000-cr-sales-in-fy16--won-t-rush-ipo" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">target revenue of Rs5,000 crore</a>.</div>
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Here’s how Patanjali’s revenue has grown:</div>
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Headquartered in Haridwar, Uttarakhand, Patanjali was found in 2006 with a <a href="http://archive.tehelka.com/story_main49.asp?filename=Ne180611Coverstory2.asp" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">paid-up capital of Rs41 crore.</a></div>
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“At its own claimed revenues of Rs5,000 crore in this financial year, it will be among the top five FMCG companies in the country. With its recent announcement to enter more product categories—yoga apparel, baby and children’s nutritional foods etc.—it is poised to enter the top three in the next two to three years if its current spectacular growth rate continues,” Arvind Singhal, managing director of Technopak, a management consultancy, told Quartz in an email.</div>
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“With that size, it will certainly be a formidable competitor to several established brands and companies such as HUL, Nestle, ITC Foods, and GSK to name a few,” he added.</div>
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A report from international brokerage, CLSA, in August said that Patanjali’s core strength is its mass appeal.</div>
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“The plans are even more interesting as the company is now looking at ‘traditional’ ways to expand and targets to more than double the top line in coming years,” the report said. “While competition must be keeping its fingers crossed, all we can say is—‘Wish you were listed.’”</div>
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Brand Ramdev</h2>
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The company usually refrains from spending big money on advertising and marketing, which is an important driver for brand creation.</div>
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Typically, <a href="http://archive.financialexpress.com/news/fmcg-cos-raise-ad-spend-slash-budget-for-promotions/1250512" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">an FMCG firm in India spends</a> about 10-15% of its revenues on advertising while Patanjali had negligible spending and “relies mainly only on endorsement by Baba Ramdev and his disciples and instructors,” according to CLSA.</div>
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Much of the promotions also happen during yoga sessions conducted by Ramdev. The yoga guru also depends heavily on followers who are popular celebrities such as wrestling champion, Sushil Kumar, to endorse products during these yoga programs.</div>
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And according to CLSA, Patanjali has the potential to reach out to more than 200 million who are directly or indirectly linked to his yoga programme.</div>
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This year, as the company looks to take on some of India’s biggest FMCG companies, Patanjali has also roped in advertising agencies, McCann and Mudra to run a brand new campaign. The company has already roped in one of the country’s biggest film star, Hema Malini, <a href="http://www.businesstoday.in/magazine/corporate/baba-ramdevs-patanjali-ayurved-forays-into-indias-rs-5300-crore-instant-noodles-market/story/226011.html" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">to endorse a <em style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">maida</em></a> flour free biscuit.</div>
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Challenges persist</h2>
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Born in 1965 to a <a href="http://daily.bhaskar.com/article/NAT-IDP-who-is-baba-ramdev-the-rise-and-rise-of-the-yoga-guru-2158058.html" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">poor family of farmers</a>, Ramdev, along with his friend Acharya Bal Krishna, started taking yoga lessons and travelling around on <a href="https://in.finance.yahoo.com/news/10-stunning-facts-baba-ramdev-053501185.html" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">bicycles to clients’ homes</a> to perform religious ceremonies in the late 1990s.</div>
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Today, Ramdev’s<a href="http://www.nytimes.com/2010/04/19/world/asia/19swami.html" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;"> empire in Haridwar alone</a> spans a hospital, an ayurveda medical school and research institution, a food park and a cosmetics manufacturing unit. He also reportedly purchased an island in Scotland worth<a href="http://daily.bhaskar.com/article/NAT-IDP-who-is-baba-ramdev-the-rise-and-rise-of-the-yoga-guru-2158058.html" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;"> £2 million to set up</a> a wellness centre.</div>
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However, there could be some bumps in Ramdev’s smooth ride in the FMCG sector—especially with his new products such as noodles.</div>
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“In the growing market for ready-to-cook packaged food, a new entrant would struggle to create visibility and initial demand,” Devangshu Dutta, CEO of Third Eyesight, a retail consultancy, told Quartz in an email.</div>
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“The other aspect to keep in mind is that while a lot of food and nutraceutical products resonate easily with the Patanjali brand, instant noodles seems completely counterintuitive under this brand’s umbrella. How much consumers will support this new launch remains to be seen,” he explained.</div>
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Meanwhile, before launching the noodles, Ramdev who never tasted them, ate noodles for “several days,” Bal Krishna <a href="http://www.business-standard.com/article/beyond-business/patanjali-and-the-tycoon-in-saffron-115103001592_1.html" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">told the Business Standard newspaper.</a> Patanjali can only hope that its customers take to their product with the same gusto.</div>
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<span style="font-size: x-small;">Source : <a href="http://qz.com/">http://qz.com</a>; </span><a class="author-name" data-index="0" href="http://qz.com/author/manuqz/" style="border: 0px; color: #168dd9; cursor: pointer; display: inline !important; font-family: Adelle, 'Helvetica Neue', Helvetica, sans-serif; font-size: 14px; font-stretch: inherit; margin: 0px 0px 0.5em; padding: 0px; text-decoration: none; text-transform: uppercase; vertical-align: baseline;">Manu Balachandran</a>; <a class="author-name" data-index="1" href="http://qz.com/author/mkarnikqz/" style="border: 0px; color: #168dd9; cursor: pointer; display: inline !important; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">Madhura Karnik</a></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-21111240022289925372015-12-20T09:05:00.001+05:302015-12-20T09:05:21.760+05:30Old News - NRI couple holds big stake in Baba Ramdev's empire<div dir="ltr" style="text-align: left;" trbidi="on">
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NRI couple holds big stake in Baba Ramdev's empire</h1>
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<section class="highlight clearfix" data-highlight="false" style="background-color: white; border: 0px; float: left; font-family: Roboto, sans-serif; font-size: 10px; font-stretch: inherit; line-height: 10px; margin: 0px 10px 10px 0px; padding: 0px; vertical-align: baseline;"><img alt="Sarwan 'Sam' Poddar and his wife Sunita, residents of Scotland, bought Little Cumbrae, an island of about 900 acres for 2 million pounds and gifted it to Ramdev in 2009." data-imgid="8782999" src="http://timesofindia.indiatimes.com/thumb/msid-8782999,width-400,resizemode-4/8782999.jpg" style="border: 0px; display: block; float: left; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: 300px; line-height: inherit; margin: 0px; max-width: 100%; padding: 0px; vertical-align: bottom; width: 400px;" title="Sarwan 'Sam' Poddar and his wife Sunita, residents of Scotland, bought Little Cumbrae, an island of about 900 acres for 2 million pounds and gifted it to Ramdev in 2009." /><span class="img_cptn" data-cptn-view="less" data-cptn="Sarwan 'Sam' Poddar and his wife Sunita, residents of Scotland, bought Little Cumbrae, an island of about 900 acres for 2 million pounds and gifted it to Ramdev in 2009." style="border: 0px; color: #666666; display: block; float: none; font-family: proxima-regular1, roboto, arial, sans-serif; font-size: 13px; font-stretch: inherit; font-style: italic; font-variant: inherit; font-weight: inherit; line-height: 18px; margin: 0px; min-height: 40px; padding: 5px 5px 0px; vertical-align: baseline; width: 390px;">Sarwan 'Sam' Poddar and his wife Sunita, residents of Scotland, bought Little Cumbrae, an island of about 900 acres for 2 million pounds and gifted it to Ramdev in 2009. </span></section></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; color: #333333; line-height: 27px;">The NRI couple from Scotland who gifted an island to Baba Ramdev hold significant stake in one of the biggest companies in the yoga guru's multi-crore empire.</span><br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><span style="background-color: white; color: #333333; line-height: 27px;">Sarwan 'Sam' Poddar and his wife Sunita, residents of Scotland, bought Little Cumbrae, an island of about 900 acres for two million pounds and gifted it to Ramdev in 2009. The uninhabited island, with remains of an old castle, is to become a yoga and ayurveda retreat centre.</span><br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><span style="background-color: white; color: #333333; line-height: 27px;">According to filings by <b>Patanjali Ayurved Ltd</b> with the Registrar of Companies, the Poddars hold 12.46 lakh shares each in the company. The company has allotted total 3.47 crore shares. Thus, the Poddar couple hold 7.2% stake in the company which is behind most products of the Ramdev empire.</span><br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><span style="background-color: white; color: #333333; line-height: 27px;">The Poddar couple is the second biggest stakeholders in Patanjali Ayurved, after <b>Acharya Balkrishna</b>, Ramdev's close aide whose Indian citizenship has been the subject of controversy. Balkrishna's stranglehold over the companies run by Ramdev group is stark. He holds 3.10 crore of the 3.47 crore shares of Patanjali Ayurved, that is over 92% shares in the company. He also has similar holdings in <b>Vedic Broadcasting Ltd</b>, which controls <b>Aastha channel</b>.</span><br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><span style="background-color: white; color: #333333; line-height: 27px;">The Poddar couple has told media in the past that they bought the island on the insistence of Sunita, who lost significant weight after taking to Ramdev's yoga. Sarwan Poddar was among those who were at the Ramlila Maidan where Baba launched his fast.</span><br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><span style="background-color: white; color: #333333; line-height: 27px;">The couple has donated the island to Ramdev for setting up a pilgrimage centre, where yoga and ayurveda would be managed by qualified doctors, according to media reports.</span><br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><span style="background-color: white; color: #333333; line-height: 27px;">Patanjali Ayurved, in which the Poddar couple hold shares, recorded a total turnover of Rs 60.96 crore in 2008-09, the latest year for which financial filings are available on record. It made a profit of Rs 4.5 crore before taxation.</span><br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><div class="last8brdiv" style="background-color: white; border: 0px; color: #333333; display: inline; font-stretch: inherit; line-height: 27px; margin: 0px; padding: 0px; vertical-align: baseline; width: auto;">
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<br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><span style="background-color: white; color: #333333; line-height: 27px;">Patanjali Ayurved has significant transactions with Divya Yog Mandir Trust (DYMT), of the Ramdev empire, and Vedic Broadcasting Ltd, another group company that runs Aastha channel. In 2007-08, purchase and trading of Patanjali with DYMT and the broadcasting company was to the tune of Rs 48.48 crore.</span></span><div class="last7brdiv" style="background-color: white; border: 0px; color: #333333; font-stretch: inherit; line-height: 27px; margin: 0px; padding: 0px; vertical-align: baseline;">
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<br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><span style="font-family: Arial, Helvetica, sans-serif;"><span style="background-color: white; color: #333333; line-height: 27px;">The company had also bought fixed assets including steel structures on a land owned by the trust, worth Rs 2.7 crore. The company had hired DYMT's land too, on rent. The company has taken unsecured loans from among others Balkrishna and Vedic Broadcasting.</span><div class="last5brdiv" style="background-color: white; border: 0px; color: #333333; display: inline; font-stretch: inherit; line-height: 27px; margin: 0px; padding: 0px; vertical-align: baseline; width: auto;">
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<br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><span style="background-color: white; color: #333333; line-height: 27px;">Patanjali Ayurved also raised money through other business transactions. By March 2008, the company had taken a deposit of Rs 95 lakh from retailers selling their products. Each of the retailers paid Rs 1 lakh.</span></span><div class="last3brdiv" style="background-color: white; border: 0px; color: #333333; font-stretch: inherit; line-height: 27px; margin: 0px; padding: 0px; vertical-align: baseline;">
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<br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><span style="background-color: white; color: #333333; line-height: 27px;"><span style="font-family: Arial, Helvetica, sans-serif;">The annual report of the company for 2008-09 financial year shows that just two products, Amla and Aloe Vera juices, mopped up sales of around Rs 25 crore in the year. Besides, Lauki (bottle gourd) juice, which has often run into controversies over Ramdev's claims about its capabilities, too adds significantly to the bottomline of Patanjali Ayurved.</span></span><div class="last1brdiv" style="background-color: white; border: 0px; color: #333333; font-stretch: inherit; line-height: 27px; margin: 0px; padding: 0px; vertical-align: baseline;">
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<br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><br style="background-color: white; color: #333333; content: "."; display: block; line-height: 27px;" /><span style="background-color: white; color: #333333; line-height: 27px;"><span style="font-family: Arial, Helvetica, sans-serif;">"The threesome promise an era of 'Arogya Vardhan' spearheaded by our chief patron, the world renowned Yog Guru Swami Ramdev ji. To convert this world into a 'disease free' place to live in, is a goal" that the company has "set for itself in the times to come. The acceptability of our flagship products by people is a proof of the fact that we are heading in the right direction," the directors of the company said in their report of 2009. The company also makes shampoos, body massage oil, eye drops and several medicines. These products are sold through about 100 shops, which have deposited Rs 1 lakh each with Patanjali Ayurved.</span></span></div>
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<span style="background-color: white; color: #333333; font-family: proxima-regular1, roboto, arial, sans-serif; line-height: 27px;"><b><span style="font-size: x-small;">Source :</span></b><span style="font-size: x-small;"> </span></span><span style="color: #333333; font-family: proxima-regular1, roboto, arial, sans-serif; font-size: x-small;"><span style="line-height: 27px;"><a href="http://timesofindia.indiatimes.com/">http://timesofindia.indiatimes.com</a></span></span></div>
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Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-35472288934782646892015-12-15T21:20:00.000+05:302015-12-15T21:20:31.559+05:30Absolutely everything you need to understand the Fed’s interest rate hike<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: Arial, Helvetica, sans-serif; font-size: large;">Absolutely everything you need to understand the Fed’s interest rate hike</span></h2>
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<a href="http://1.bp.blogspot.com/-DiZZjMTGIhQ/VnA2NdVIW6I/AAAAAAAAFzs/qzYmFDIP0n4/s1600/fed-interest-rate-hike-2015.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="360" src="http://1.bp.blogspot.com/-DiZZjMTGIhQ/VnA2NdVIW6I/AAAAAAAAFzs/qzYmFDIP0n4/s640/fed-interest-rate-hike-2015.jpg" width="640" /></a></div>
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<i class="icon-camera" style="background-color: #f9f9f9; border: 0px; color: #bebebe; display: inline-block; font-family: Adelle, sans-serif; font-size: 25px; font-stretch: inherit; line-height: 25px; margin: 0px 10px 0px 0px; padding: 0px; transform: translate(0px, -1px); vertical-align: sub;"></i><span style="background-color: #f9f9f9; color: #a1a1a1; font-family: Adelle, sans-serif; font-size: 15px;">The Fed wants to get things moving. </span><span class="featured-image-credit" style="background-color: #f9f9f9; border: 0px; color: #a1a1a1; font-family: Adelle, sans-serif; font-size: 15px; font-stretch: inherit; margin: 0px 0px 0px 7px; padding: 0px; vertical-align: baseline;">(Reuters/Kevin Lamarque)</span></div>
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Many on Wall Street spend large chunks of their lives watching everything the Fed does.</div>
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You’re lucky. You’re (probably) not one of them.</div>
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To you, an inflation target has something to do with tire maintenance.</div>
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ZIRP is sound that corduroy trousers make when you walk fast.</div>
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Yellen is what happens when political discussions get heated at family dinners.</div>
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Alas, this week your blissfully Fed-free existence will be interrupted, as the US central bank’s governing board stands ready to raise its benchmark interest rate Wednesday (Dec. 16) for the first time since 2006.</div>
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If you haven’t been paying attention for the past decade or so, here’s everything you need to know about the what the Fed has been doing that whole time. And also why today’s decision to raise interest rates is such a major milestone.</div>
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What happened?</h2>
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Back in 2008, we had a problem. A giant housing boom turn to bust:</div>
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<img alt="FHFA_US_home_price_index,_year-on-year_%_change___FHFA_US_home_price_index,_year-on-year_change___chartbuilder (1)" class="size-medium-desktop wp-image-574011" height="390" src="https://qzprod.files.wordpress.com/2015/12/fhfa_us_home_price_index_year-on-year__change___fhfa_us_home_price_index_year-on-year_change___chartbuilder-1.png?w=640&h=390" style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: auto; line-height: inherit; margin: 0px; max-width: 100%; padding: 8px 0px; vertical-align: middle;" width="640" /></div>
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As a result, the financial system imploded and the economy turned sharply lower. The US fell into the worst recession since the Great Depression:</div>
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The Fed cut interest rates sharply, to just above zero. Normally, low interest rates stoke the economy by encouraging more borrowing. But the recovery was still slow, so the Fed left interest rates on the floor because it judged the economy to be too weak to raise them:</div>
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<img alt="Fed_funds_target_rate_Fed_funds_target_rate_chartbuilder" class="size-medium-desktop wp-image-535378 aligncenter" height="390" src="https://qzprod.files.wordpress.com/2015/10/fed_funds_target_rate_fed_funds_target_rate_chartbuilder.png?w=640&h=390" style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: auto; line-height: inherit; margin: 0px; max-width: 100%; padding: 8px 0px; vertical-align: middle;" width="640" /></div>
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Why raise rates now?</h2>
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In short, the economy looks like it finally might be able to survive a rate hike. The unemployment rate, for example, has fallen by half from its recessionary peak:</div>
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What are the risks?</h2>
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Things are better, but not amazing. Some of the broadest measures of unemployment—like the “U-6” series, which includes people who work part-time but would prefer more hours—still show <a href="http://www.cnbc.com/2015/12/04/charts-whats-the-real-unemployment-rate.html" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">signs of weakness</a>:</div>
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What’s more, wage growth is still stagnant. Raises have been piddling compared with other recent recoveries:</div>
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And the Fed is nowhere near hitting its inflation target. Economists think a bit inflation is good, helping make debts easier to pay. Higher interest rates won’t help stoke higher inflation:</div>
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Higher rates will also strengthen the dollar, which has already <a href="http://www.bloomberg.com/news/articles/2015-12-14/wall-street-s-2016-currency-consensus-is-all-about-the-dollar" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">surged in anticipation</a> of the Fed’s decsion:</div>
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A stronger dollar isn’t good for US exports, which have <a href="http://blogs.wsj.com/economics/2015/03/11/the-strong-dollar-is-weighing-on-major-u-s-exporters/" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">already run into stiff headwinds</a>:</div>
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<img alt="US_monthly_exports_US_monthly_exports___chartbuilder" class="size-medium-desktop wp-image-573996 aligncenter" height="390" src="https://qzprod.files.wordpress.com/2015/12/us_monthly_exports_us_monthly_exports___chartbuilder.gif?w=640&h=390" style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: auto; line-height: inherit; margin: 0px; max-width: 100%; padding: 8px 0px; vertical-align: middle;" width="640" /></div>
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Roughly a third of all US corporate profits, <a href="http://gabriel-zucman.eu/files/Zucman2015SlidesShort.pdf" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">according economist Gabriel Zucman</a>, are made in foreign countries. Translating foreign sales into stronger dollars makes them shrink:</div>
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What does this mean for the rest of the world?</h2>
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The strong dollar has hammered commodity prices, especially oil, which is mostly priced in the US currency. That means as the dollar rises in value the price of usually oil falls:</div>
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Emerging-market currencies have been getting hammered by the strong dollar. For countries that have a lot of dollar-denominated debt, this is a nightmare.</div>
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<tr style="border-bottom-color: rgb(226, 226, 226); border-bottom-style: solid; border-width: 0px 0px 1px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><th style="border-bottom-color: rgb(226, 226, 226); border-bottom-style: solid; border-width: 0px 0px 1px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">Currency</th><th style="border-bottom-color: rgb(226, 226, 226); border-bottom-style: solid; border-width: 0px 0px 1px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">Change versus the US dollar (2015)</th></tr>
</thead><tbody style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">
<tr class="qz-table-row" style="background-color: #f1f1f1; border-bottom-color: rgb(226, 226, 226); border-bottom-style: solid; border-width: 0px 0px 1px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">Russia</td><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">-14.4%</td></tr>
<tr class="qz-table-row qz-table-row-alt" style="border-bottom-color: rgb(226, 226, 226); border-bottom-style: solid; border-width: 0px 0px 1px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">Mexico</td><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">-14.8%</td></tr>
<tr class="qz-table-row" style="background-color: #f1f1f1; border-bottom-color: rgb(226, 226, 226); border-bottom-style: solid; border-width: 0px 0px 1px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">Chile</td><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">-15.0%</td></tr>
<tr class="qz-table-row qz-table-row-alt" style="border-bottom-color: rgb(226, 226, 226); border-bottom-style: solid; border-width: 0px 0px 1px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">Canada</td><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">-15.4%</td></tr>
<tr class="qz-table-row" style="background-color: #f1f1f1; border-bottom-color: rgb(226, 226, 226); border-bottom-style: solid; border-width: 0px 0px 1px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">Malaysia</td><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">-19.4%</td></tr>
<tr class="qz-table-row qz-table-row-alt" style="border-bottom-color: rgb(226, 226, 226); border-bottom-style: solid; border-width: 0px 0px 1px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">Turkey</td><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">-21.7%</td></tr>
<tr class="qz-table-row" style="background-color: #f1f1f1; border-bottom-color: rgb(226, 226, 226); border-bottom-style: solid; border-width: 0px 0px 1px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">South Africa</td><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">-23.3%</td></tr>
<tr class="qz-table-row qz-table-row-alt" style="border-bottom-color: rgb(226, 226, 226); border-bottom-style: solid; border-width: 0px 0px 1px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">Colombia</td><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">-28.6%</td></tr>
<tr class="qz-table-row" style="background-color: #f1f1f1; border-bottom-color: rgb(226, 226, 226); border-bottom-style: solid; border-width: 0px 0px 1px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">Brazil</td><td style="border: 0px; font-family: inherit; font-size: 20px; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: 1.1em; margin: 0px; padding: 12px 16px; vertical-align: baseline;">-31.7%</td></tr>
</tbody></table>
</div>
<div class="annotatable" style="background-color: #f9f9f9; border: 0px; color: #4c4c4c; font-family: 'PT Serif', Georgia, serif; font-size: 20px; font-stretch: normal; line-height: 30px; padding: 16px 0px; position: relative; transition: background 0.5s ease 0s; vertical-align: baseline;">
Just look at Brazil. The combination of a weak currency, a slowdown in China (Brazil’s largest export market), and lower commodity prices has been devastating:</div>
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<iframe frameborder="0" height="416" src="https://atlas.qz.com/embed/Nkzhjq84e" style="border-style: initial; border-width: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;" width="100%"></iframe></div>
<div class="annotatable" style="background-color: #f9f9f9; border: 0px; color: #4c4c4c; font-family: 'PT Serif', Georgia, serif; font-size: 20px; font-stretch: normal; line-height: 30px; padding: 16px 0px; position: relative; transition: background 0.5s ease 0s; vertical-align: baseline;">
Fearing the worst as the Fed starts to hike rates, investors are rapidly pulling their money out of shaky economies like Brazil and China:</div>
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<figure class="inline-image aligncenter zoomable size-medium" id="image-519494" style="background-color: #f9f9f9; border: 0px; color: #333333; font-family: 'PT Serif', Georgia, serif; font-size: 16px; font-stretch: inherit; line-height: 24px; margin: 0px 0px 23px; max-width: 640px; padding: 23px 0px 0px; position: relative; vertical-align: baseline;"><img alt="" data-retina="https://qzprod.files.wordpress.com/2015/10/net_capital_flows_to_emerging_market_economies__annual__forecast_chartbuilder1.png?w=1024" src="https://qzprod.files.wordpress.com/2015/10/net_capital_flows_to_emerging_market_economies__annual__forecast_chartbuilder1.png?w=640" style="border: 0px; cursor: -webkit-zoom-in; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; height: auto; line-height: inherit; margin: 0px; max-width: 100%; padding: 0px; vertical-align: middle; width: 640px;" title="" /></figure><h2 style="background-color: #f9f9f9; border: 0px; color: #333333; font-family: AdelleBold, 'Helvetica Neue', sans-serif; font-size: 24px; font-stretch: normal; font-weight: normal; line-height: 32px; margin: 43px 0px 20px; padding: 0px; vertical-align: baseline;">
<span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">So, all told, why does the Fed’s rate hike matter?</span></h2>
<div class="annotatable" style="background-color: #f9f9f9; border: 0px; color: #4c4c4c; font-family: 'PT Serif', Georgia, serif; font-size: 20px; font-stretch: normal; line-height: 30px; padding: 16px 0px; position: relative; transition: background 0.5s ease 0s; vertical-align: baseline;">
The bottom line: Higher rates are <a href="http://qz.com/570031/higher-interest-rates-are-coming-and-thats-great-for-america/" style="border: 0px; color: #168dd9; cursor: pointer; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">not necessarily a bad thing</a>. The fact that the Fed thinks interest rates should rise underscores the fact that the US economy has made tremendous progress since the depths of the brutal recession in 2008.</div>
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But raising interest rates might also be a big mistake. The Fed continues to fall short of its inflation target. There are still lots of Americans who would benefit from an economy that runs hotter than it is at the moment, despite the improvement in recent years.</div>
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And there’s a chance that even six years after the global financial crisis, the US economy doesn’t have enough momentum to continue to grow on its own, without the Fed flooring the accelerator.</div>
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Source : <a href="http://www.qz.com/">www.qz.com</a></div>
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-76881594855784256882015-12-14T19:37:00.002+05:302016-02-06T17:14:55.657+05:30To check top gainers in the past 1 year<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: white; color: #2b2b2b; font-family: "lato" , sans-serif; font-size: 16px; line-height: 24px;">To check top gainers in the past 1 year</span><br />
<span style="background-color: white; color: #2b2b2b; font-family: "lato" , sans-serif; font-size: 16px; line-height: 24px;"><br /></span>
<span style="background-color: white; color: #2b2b2b; font-family: "lato" , sans-serif; font-size: 16px; line-height: 24px;">click </span><a href="http://economictimes.indiatimes.com/marketstats/pid-0,pageno-1,sort-1year,sortby-percentchange,sortorder-desc.cms" style="background-color: white; border: 0px; color: #24890d; font-family: Lato, sans-serif; font-size: 16px; line-height: 24px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" target="_blank">here</a><a href="http://economictimes.indiatimes.com/marketstats/pid-0,pageno-1,sort-1year,sortby-percentchange,sortorder-desc.cms" rel="nofollow" style="background-color: white; border: 0px; color: #24890d; font-family: Lato, sans-serif; font-size: 16px; line-height: 24px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;" target="_blank">.</a> (<a href="http://economictimes.indiatimes.com/marketstats/pid-0,pageno-1,sort-1year,sortby-percentchange,sortorder-desc.cms">http://economictimes.indiatimes.com/marketstats/pid-0,pageno-1,sort-1year,sortby-percentchange,sortorder-desc.cms</a>)<br />
<br />
<h1 class="entry-title" style="background-color: white; border: 0px; clear: both; font-family: 'Goudy Bookletter 1911', Georgia, serif; font-size: 35px; line-height: 35px; margin: 0px 0px 15px; padding: 5px 0px; text-rendering: optimizeLegibility; text-shadow: rgb(255, 255, 255) 1px 1px 0px; vertical-align: baseline;">
Multibagger Stocks</h1>
<br />
<table border="1" cellpadding="5" cellspacing="0" style="background: rgba(238, 238, 238, 0.901961); border-left-color: rgb(204, 204, 204); border-left-style: solid; border-right-color: rgb(204, 204, 204); border-right-style: solid; border-spacing: 0px; border-top-color: rgb(204, 204, 204); border-top-style: solid; border-width: 1px 1px 0px; box-shadow: rgba(255, 255, 255, 0.298039) 0px 1px 0px inset, rgba(255, 255, 255, 0.298039) 0px 0px 2px inset, rgba(0, 0, 0, 0.0980392) 0px 0px 10px inset, rgba(0, 0, 0, 0.0980392) 0px 1px 2px !important; color: #333333; font-family: verdana; font-size: 16px; line-height: 18px; margin: 0px 0px 22px; max-width: 100%; padding: 0px; vertical-align: middle; width: 100%px;"><tbody style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="197"><strong>Stock</strong></td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="197"><strong>YoY Return (%)</strong></td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="197">Tata Elxsi<br />
<span style="background-color: white; font-size: 16px; line-height: 24px;">The stock is a </span><a href="http://rakesh-jhunjhunwala.in/nilesh-shah-of-envision-capital-makes-a-packet-as-pms-outperforms-check-his-investment-strategy-latest-stock-picks/" style="background-color: white; border: 0px; color: #4aa4d8; font-size: 16px; line-height: 24px; margin: 0px; padding: 0px; vertical-align: baseline;">favourite of <b>Nilesh Shah</b></a><span style="background-color: white; font-size: 16px; line-height: 24px;"><b> of Envision Capital</b></span></td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="197">207</td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="197">Granules India<br />
<span style="background-color: white; font-size: 16px; line-height: 24px;">This stock is a </span><a href="http://rakesh-jhunjhunwala.in/basant-maheshwari-portfolio-granules-india-miltibagger-breaks-taboo-recommends-a-potential-100-bagger-pharma-stock/" style="background-color: white; border: 0px; color: #4aa4d8; font-size: 16px; line-height: 24px; margin: 0px; padding: 0px; vertical-align: baseline;">favourite of <b>Basant Maheshwari</b></a><span style="background-color: white; font-size: 16px; line-height: 24px;"><b> </b>owing to its B2B model (it supplies bulk drugs to Mylan) which he claims makes it relatively immune to FDA risks.</span></td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="197">103</td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="197">Shilpa Medicare</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="197">72</td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="197">Aarti Drugs</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="197">46</td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="197">Suven Lifescience</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="197">28</td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="197">Atul Auto<br />
<span style="background-color: white; font-size: 16px; line-height: 24px;">Atul Auto is a favourite of <b>Vijay Kedia</b></span></td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="197">24</td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="197">DCB Bank</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="197">(22)</td></tr>
</tbody></table>
<div style="background-color: white; border: 0px; color: #333333; font-family: verdana; font-size: 16px; line-height: 24px; margin-bottom: 20px; padding: 0px; vertical-align: baseline;">
Seven stocks have put up a spirited performance as you can see from the chart below:</div>
<table border="0" cellpadding="5" cellspacing="0" style="background: rgba(238, 238, 238, 0.901961); border-left-color: rgb(204, 204, 204); border-left-style: solid; border-right-color: rgb(204, 204, 204); border-right-style: solid; border-spacing: 0px; border-top-color: rgb(204, 204, 204); border-top-style: solid; border-width: 1px 1px 0px; box-shadow: rgba(255, 255, 255, 0.298039) 0px 1px 0px inset, rgba(255, 255, 255, 0.298039) 0px 0px 2px inset, rgba(0, 0, 0, 0.0980392) 0px 0px 10px inset, rgba(0, 0, 0, 0.0980392) 0px 1px 2px !important; color: #333333; font-family: verdana; font-size: 16px; line-height: 18px; margin: 0px 0px 22px; max-width: 100%; padding: 0px; vertical-align: middle; width: 100%px;"><tbody style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="170"><strong>Stock</strong></td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="127"><strong>Price on 10.11.2014</strong></td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="140"><strong>Price on 27.07.2015</strong></td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="155"><strong>Return (%)</strong></td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="170">Tata Elxsi</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="127">629</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="140">1631</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="155">159</td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="170">Aarti Drugs*</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="127">391</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="140">687</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="155">75</td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="170">Shilpa Medicare</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="127">559</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="140">894</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="155">60</td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="170">Granules India@</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="127">76</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="140">112</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="155">48</td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="170">DCB Bank</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="127">93</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="140">135</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="155">43</td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="170">Atul Auto</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="127">383</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="140">460</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="155">20</td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="170">Suven Lifescience</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="127">232</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="140">248</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="155">7</td></tr>
</tbody></table>
<div style="background-color: white; border: 0px; color: #333333; font-family: verdana; font-size: 16px; line-height: 24px; margin-bottom: 20px; padding: 0px; vertical-align: baseline;">
<em style="border: 0px; font-family: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">*Adjusted for bonus, @Adjusted for split</em></div>
<br />
<table bgcolor="#FFFFCC" border="0" cellpadding="5" cellspacing="0" style="background: rgba(238, 238, 238, 0.901961); border-left-color: rgb(204, 204, 204); border-left-style: solid; border-right-color: rgb(204, 204, 204); border-right-style: solid; border-spacing: 0px; border-top-color: rgb(204, 204, 204); border-top-style: solid; border-width: 1px 1px 0px; box-shadow: rgba(255, 255, 255, 0.298039) 0px 1px 0px inset, rgba(255, 255, 255, 0.298039) 0px 0px 2px inset, rgba(0, 0, 0, 0.0980392) 0px 0px 10px inset, rgba(0, 0, 0, 0.0980392) 0px 1px 2px !important; color: #333333; font-family: verdana; font-size: 16px; line-height: 18px; margin: 0px 0px 22px; max-width: 100%; padding: 0px; vertical-align: middle; width: 100%px;"><tbody style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td colspan="4" style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;"><strong>YOY Returns Of Stocks Chosen In 18th Motilal Oswal Wealth Creation Study</strong></td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="255">Symphony</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="160">414</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="114">1975</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="117">377%</td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="255">Bajaj Finserv</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="160">699</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="114">1294</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="117">85%</td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="255">Bajaj Corp</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="160">204</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="114">343</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="117">68%</td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="255">Zydus Wellness</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="160">538</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="114">780</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="117">44%</td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="255">Cairn India</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="160">317</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" width="114">240</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="117">(25)%</td></tr>
<tr style="border: 0px; font-family: inherit; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><td colspan="3" style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;">Average returns</td><td style="border-bottom-color: rgba(0, 0, 0, 0.0980392); border-bottom-style: solid; border-top-color: rgba(255, 255, 255, 0.6); border-top-style: solid; border-width: 1px 0px; font-family: inherit; font-size: 14px; font-style: inherit; margin: 0px; padding: 8px 11px; vertical-align: middle;" valign="top" width="117">110%</td></tr>
</tbody></table>
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Source : <a href="http://economictimes.indiatimes.com/">http://economictimes.indiatimes.com</a>, <a href="http://rakesh-jhunjhunwala.in/">http://rakesh-jhunjhunwala.in</a></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4722702013933616310.post-26214629711952350172015-12-14T19:30:00.000+05:302015-12-14T19:32:43.802+05:30Sequoia trims stake, Nalanda buys more of Just Dial<div dir="ltr" style="text-align: left;" trbidi="on">
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Sequoia trims stake, Nalanda buys more of Just Dial</h2>
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Last month, Sequoia had sold around 0.5 per cent stake.</div>
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<img src="http://www.vccircle.com/sites/default/files/styles/img_640/public/field/images/2015/12/640x400xVCCircle_Just_Dial9.jpg,qitok=b91SZ9lm.pagespeed.ic._Q0h97vQHm.webp" /></div>
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Temasek is another investor in the firm</div>
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Venture capital firm Sequoia Capital has further lowered its holding in Mumbai-based Just Dial Ltd, which runs the online business directory <a href="http://www.justdial.com/" style="color: #22afda; text-decoration: none;" target="_blank">Justdial.com</a>, by selling around 1.57 per cent stake in the company through an open-market transaction on Friday.</div>
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The firm sold 1.12 million equity shares of Just Dial at a price of Rs 900 a share, pocketing around Rs 100 crore (approximately $15 million).</div>
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This is the fourth part-exit by Sequoia Capital in Just Dial. Initially, it had sold some shares as part of the offer for sale during the public issue of Just Dial in mid-2013 and then<a href="http://www.vccircle.com/news/technology/2014/11/14/sequoia-strikes-multi-bagger-part-exit-just-dial-original-investment" style="color: #22afda; text-decoration: none;" target="_blank">offloaded</a> some stake late last year.</div>
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Last month, it had <a href="http://www.vccircle.com/news/technology/2015/11/26/sequoia-trims-holding-just-dial" style="color: #22afda; text-decoration: none;" target="_blank">sold</a> around 0.5 per cent for around Rs 34.6 crore (a little over $5 million) through a bulk deal.</div>
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As of September 2015, Sequoia Capital held 13.15 per cent stake through Sequoia Capital India Investment III, Sequoia Capital India Growth Investment Holdings I and SCI Growth Investments II. This has now come down to 11.08 per cent. It remains the single-largest institutional shareholder of the company.</div>
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The VC firm first invested in Just Dial in 2009, paying Rs 38.35 crore in a secondary deal to buy out the stake held by an early investor.</div>
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In June 2011, Sequoia Capital Global Equities along with SAP Ventures invested around Rs 45 crore in Just Dial. Then, in July 2012, Sequoia I and Sequoia II, which are Sequoia Capital’s India growth funds, invested Rs 305 crore while SAP Ventures invested another Rs 22 crore.</div>
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Early this year, Tiger Global had exited Just Dial. Last year, SAIF Partners, had also trimmed its holding in the company.</div>
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Temasek is another investor in the firm.</div>
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In a separate development, public markets focused private investment firm Nalanda Capital has raised its holding in Just Dial. The investment arm had previously disclosed that it raised its holding in the firm to 5.54 per cent in the first week of November, becoming the third-largest non-promoter investor in the firm.</div>
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Nalanda held around 2.2 per cent in Just Dial as of September 30, which means it has shelled out around Rs 300 crore to buy the stake in tranches since mid-2015 when the company's share price started to slide.</div>
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Founded by VSS Mani in 1994, Just Dial is a local search firm that provides both B2C and B2B listings of small and medium businesses across the country, and offers services across multiple platforms, including the internet, phone, wireless and print.</div>
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Lately, it has been expanding its business by adding transaction services for its merchants and allowing consumers to buy products and services from third-party vendors like a marketplace.</div>
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<span style="font-size: 17px;">Source : </span><span style="font-size: x-small;"><a href="http://www.vccircle.com/">www.vccircle.com</a>, <span style="color: #e08c04; font-family: "arial"; font-size: 12px; text-transform: uppercase;">BY ANURADHA VERMA</span></span></div>
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Unknownnoreply@blogger.com0