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Ritesh Agarwal is set to tie the knot in March Ritesh Agarwal, founder and CEO of hospitality chain OYO, is all set to get married. The 29-year-old entrepreneur will tie the knot in March this year. Ritesh Agarwal’s wedding will be followed by a reception at a 5-star hotel in the national capital Delhi. Agarwal was born to a Marwari family in Odisha and moved to Delhi in 2011 for college. He dropped out of college after two years and was accepted into the Thiel Fellowship program. As one of the winners of the Fellowship, he received a grant of $100,000 which was used to launch OYO in May 2013. In 2019, he had joked that his mother was worried about his matrimonial prospects, given that he did not have a college degree. “My mom is surely worried that the fact that I don’t have a college degree will impact my chances of finding a bride,” Agarwal had jokingly said during an interview with the Financial Times. … [Read more...] about Wedding bells for OYO founder Ritesh Agarwal

Air India reviewed its inflight alcohol service policy on January 24 and made some adjustments after embarrassing onboard incidents that triggered fines and public anger. As part of the review, the airline said it will adopt the US National Restaurant Association’s traffic light system to tactfully refuse alcohol to passengers if they seem to be at risk of behaving inappropriately. What is the National Restaurant Association’s traffic light system? The National Restaurant Association’s traffic light system asks servers to determine whether a customer needs to be cut off from being served liquor. The system categorises passengers into green, yellow or red stages based on their behaviour, body language, facial cues, and ability to comprehend instructions. Read More COVID-19 Vaccine Frequently Asked Questions View more How does a vaccine work? A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to … [Read more...] about MC Explains | Air India’s new system to identify drunk passengers

Representative Image Global IT services and solutions firm Sonata Software on January 24 said that it has changed the designation of Samir Dhir from the company's whole-time director and chief executive officer (CEO) to managing director (MD) and CEO with effect from February 14, 2023. "As a part of Sonata Software Board's succession plan, Mr. Samir Dhir was appointed as the Whole-time Director & CEO of the Company w.e.f. May 9, 2022. His appointment as Managing Director is part of the above plan." Dhir, who was appointed as the company's CEO in 2022, has more than 25 years of leadership and Industry experience. In his last role before joining Sonata Software, he served as CEO of Global Markets and Industries at Virtusa, where he managed the company's revenues of over $1.6 billion, as per the regulatory filing. Additionally, the IT services company also elevated Srikar Reddy as the Executive Vice-Chiarman effective February 14 as his current term as Managing … [Read more...] about Sonata Software appoints Samir Dhir as MD and CEO

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Consolidated quarterly numbers for Sterlite Technologies are: Net Sales at Rs 1,882.00 crore in December 2022 up 38.84% from Rs. 1,355.53 crore in December 2021. Quarterly Net Profit at Rs. 50.00 crore in December 2022 up 136.47% from Rs. 137.10 crore in December 2021. EBITDA stands at Rs. 251.00 crore in December 2022 up 811.85% from Rs. 35.26 crore in December 2021. Sterlite Techno EPS has increased to Rs. 1.95 in December 2022 from Rs. 3.45 in December 2021. Sterlite Techno shares closed at 179.60 on January 25, 2023 (NSE) and has given 29.12% returns over the last 6 months and -13.86% over the last 12 months. Sterlite Technologies Consolidated Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income from … [Read more...] about Sterlite Techno Consolidated December 2022 Net Sales at Rs 1,882.00 crore, up 38.84% Y-o-Y

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Consolidated quarterly numbers for Ndr Auto Components are: Net Sales at Rs 105.73 crore in December 2022 up 90.73% from Rs. 55.43 crore in December 2021. Quarterly Net Profit at Rs. 5.68 crore in December 2022 up 77.45% from Rs. 3.20 crore in December 2021. EBITDA stands at Rs. 8.77 crore in December 2022 up 71.62% from Rs. 5.11 crore in December 2021. Ndr Auto Compon EPS has increased to Rs. 9.56 in December 2022 from Rs. 5.38 in December 2021. Read More Ndr Auto Compon shares closed at 615.05 on January 25, 2023 (NSE) and has given 64.01% returns over the last 6 months and 46.35% over the last 12 months. Ndr Auto Components Consolidated Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income … [Read more...] about Ndr Auto Compon Consolidated December 2022 Net Sales at Rs 105.73 crore, up 90.73% Y-o-Y

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Supreme Industries Supreme Industries (SIL) is India’s leading plastic processing company with a presence in four major segments including piping systems, packaging products, industrial products & consumer product category with revenue contribution of 63%,16%, 16% & 5%, respectively. Market leader in the PVC pipe industry with a value market share of 15% • Robust balance sheet with RoE & RoCE of 24% & 27% (five-year average), respectively, with stringent working capital policy. Outlook We maintain our BUY rating on the stock. We value the stock at 28x P/E FY25E EPS and revise our target price to Rs 2880. For all recommendations report, click here Read More Disclaimer: The views and investment tips expressed by … [Read more...] about Buy Supreme Industries; target of Rs 2880: ICICI Direct

Gaurav Kapoor, a New Delhi-based stand-up comedian, has over a million subscribers on YouTube. His channel is full of daily vlogs and occasional stand-up videos. Kapoor is usually the one cracking one-liners. But when it comes to promoting Mamaearth’s products, he becomes the butt of jokes. Kapoor and other influencers have promoted Mamaearth products extensively since the company was incorporated in 2016. For the average YouTube viewer, the sheer number of ads of the then-fledgling brand would easily have got on one’s nerves. Mamaearth is the flagship brand of Honasa Consumer, a beauty and personal care company that plans to come out with an initial public offering. The company filed its draft IPO papers on December 30. Also Read: Mamaearth parent files IPO papers; Sofina, Stellaris, Kunal Bahl, Shilpa Shetty to sell stake Read More The amount spent on advertising and influencer marketing stands out in the company’s draft red herring prospectus. As of … [Read more...] about P/E of 1,000? Investors cautious over huge valuation of Mamaearth IPO

Westlife Development (Image: westlife.co.in) Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Shares of  Westlife Foodworld gained over 4% on January 24 intraday after the company announced the appointment of Saurabh Bhudolia as its chief financial officer (CFO) . Saurabh is a chartered accountant (CA) with experience of over 15 years across manufacturing in India, New Zealand, and Singapore (steel, FMCG, beverage, and retail), the company said in a statement to the stock exchanges. Over the years, his areas of expertise have included accounting, budgeting, costing, treasury, taxation, project finance, financial reporting, business partnering, mergers and acquisitions, industrial relations, and funding. To ensure the company's financial success, Saurabh will oversee all aspects of financial management and strategy. His new … [Read more...] about Westlife Foodworld appoints Saurabh Bhudolia as CFO; stock gains

Representative image Hospitality and travel-tech firm OYO estimates its revenue in 2022-23 to be USD 751 million on the back of which it expects to post its first operating profit in a full year, company Founder and Group CEO Ritesh Agarwal has told its employees. At an employees townhall held this week, Agarwal is understood to have shared how the company has been able to gradually strengthen its financials after overcoming the challenges of the pandemic. The company expects its revenue in FY23 to be USD 751 million, up 19 per cent from USD 629 million in FY22, he told the employees through a presentation during the townhall. In the first half of the fiscal year, OYO posted an adjusted EBITDA of USD 8.3 million. It had registered an adjusted EBITDA loss of USD 37 million in the same period of FY22. For the second half of the fiscal, continued momentum on topline coupled with margin expansion and healthy operating leverage are expected to result in USD 24 million adjusted … [Read more...] about OYO estimates its revenue to be $751 million in 2022-23: Ritesh Agarwal

The average estimate of a poll of five brokerages by Moneycontrol had put Bajaj Finance’s net profit at Rs 2,928 crore Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Bajaj Finance on January 27 reported healthy standalone third-quarter earnings with double-digit growth in the bottom line on strong growth in assets under management (AUM) and net interest income. Here are the top five takeaways from the lender's Q3FY23 earnings: Strong net profit The non-banking finance company’s standalone profit after tax (PAT) rose 36 percent on-year to Rs 2,624 crore in the December quarter. While, the consolidated PAT for Q3 FY23 increased by 40 percent to Rs 2,973 crore from Rs 2,125 crore in Q3 FY22. Read More The net profit is largely in line with analysts’ estimates. The average estimate of a poll of five … [Read more...] about Bajaj Finance Q3 results: Here are five key highlights