Marico reported a 16.51 percent increase in its consolidated net profit at Rs 223.28 crore for the quarter ended December 2017 on account of higher income led by market share gains. The company had posted a net profit of Rs 191.64 crore during the October-December quarter of the previous fiscal.Total income during the quarter under review stood at Rs 1,641.74 crore. It was Rs 1,439.99 crore in the year-ago period.Moneycontrol takes a snapshot of what top research firm think about the stock:Close Brokerage: BofAML | Rating: Buy | Target: Rs 360, Return: 16% related news Brokerages expect this road developer to double return Brokerages see these 2 banks as biggest beneficiaries of Essar Steel resolution As market consolidates these 10 large, midcaps may return 10-29% in next 12 months Global research firm BofAML has maintained a buy on Marico with a target at Rs 360 per share. It is of the view that rural reviving and Copra is likely to peak out in H2CY18 and feels that … [Read more...] about Brokerages maintain Buy on Marico, expect up to 16% return with strong revenue growth
2018 11 16
Investors have avoided investments in gold in the past 5-6 years due to rising equity markets and opportunities in debt funds. But gold prices have been quietly inching up. The price has risen to Rs 31,850 per 10 gram, up 8.33 percent from the end of last year. Experts said gold has begun to glitter once again in the back of global uncertainties and trade wars. The moot question is should you buy gold?Hyderabad-based Ajit Parameshwaran, a senior management professional with a pharmaceutical MNC, certainly thinks so. He started buying units of gold exchange traded funds (ETF) recently. He has been an investors in stocks and equity mutual funds for more than a decade. “Gold ETF prices have been moving in a band over some time with strong support around Rs 2,800-3,000 per gram. It has the potential to rise from here,” Parameshwaran said, adding that gold reduces volatility in his portfolio.Is gold shining again?Expert attribute three broad factors behind the … [Read more...] about Gold rallies over 8% in 2018 so far; is it time to buy a gold ETF?
India sent more than 202,000 students to the US in 2018-19, the second largest after China which for the tenth consecutive year remained the largest source of foreign students in America, according to a report released on Monday.The '2019 Open Doors Report on International Educational Exchange' said the number of foreign students in the US set an all-time high in the 2018/19 academic year, the fourth consecutive year with more than one million international students.The data from the US Department of Commerce stated that international students contributed USD 44.7 billion to the US economy in 2018, an increase of 5.5 per cent from the previous year.Close For the tenth consecutive year, China has remained the largest source of international students in the US in 2018-19 with 369,548 students and India with 202,014 students sends second largest number of foreign students to the United States, the report said. related news PDP MPs hold protest in Parliament against scrapping of … [Read more...] about Indian sent over 202,000 students to US in 2018-19, second largest after China: Report
Twenty-four hours. That’s as much time as any of us get in a day, and yet some people are better than others at squeezing the most out of it. Here’s how 10 dynamic and efficient leaders go about spending life’s most precious resource. advertisement advertisement 1. “Life goes on, and you have to form new goals.” —Chance the Rapper 2. “Care passionately.” —Jane Goodall 3. “I’ve learned to give things my full focus, even if it’s not the thing I want to be working on.” —Bryan StevensonThe founder and executive director of Equal Justice Initiative and author of the memoir Just Mercy (and executive producer of the new film adaptation) explains how he’s learned to prioritize while drawing strength from those who came before him. 4. “I have a very intense Tweetdeck situation.” —Natasha BertrandWhen you’re a national security correspondent … [Read more...] about 11 ways to be more productive, according to Chance the Rapper, Jane Goodall, and more
LightSquared, the ambitious 4G wireless venture recently poised to bring lightning-fast Internet to the masses, filed for Chapter 11 bankruptcy protection earlier today. Government tests found that LightSquared’s signals interfered with GPS reception, a setback LightSquared was never able to recover from. advertisement advertisement In an official statement, LightSquared’s Terry Neal announced that the firm “commenced voluntarily reorganization cases under Chapter 11 of the U.S. Bankruptcy Code to give it time to resolve regulatory issues that have prevented it from building its coast-to-coast integrated satellite 4G wireless network. The company will also file a recognition proceeding in Canada.” Neal also stated that LightSquared would continue normal operations during the process. Fast Company reported on LightSquared’s troubles in 2011. Despite the revolutionary potential of LightSquared’s technology to deliver high-speed Internet to … [Read more...] about LightSquared Files For Chapter 11