'Despite a substantial volume loss witnessed in March 2020 due to nationwide lockdown, Astral Poly Technik is possibly witnessing a phase of meteoric rise in its margin trajectory. The all-time high Q4FY20 EBIDTA margin, which the management clarified was without any one-offs, is largely attributed to strong gross margin expansion in both the product segments – which were led by the company’s backward integration drive, decentralisation efforts and increasing share of VAPs," ICICI Direct said. … [Read more...] about Brokerages upgrade these 15 stocks to buy, expect 11-75% returns in a year
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Some private jet companies have seen a rise in demand from wealthy Russians who want to spend time in the West during the coronavirus crisis but who were unable to take commercial flights amid tight restrictions by airlines and governments. … [Read more...] about Private jet demand rises as wealthy Russians spend lockdown in West
As I wrote in 2017 when Buttonsmith was a $2 million business, the company isn’t just a maker of an assortment of geegaws. Rather, it’s a software and logistics company that acquires specialized manufacturing equipment and spreads products across its devices, fed by its understanding of customer demand and expertise in leveraging Amazon’s custom-ordering system. In normal times, customers can order items that use photos they upload or text they provide, and Buttonsmith can pop them out in under a few hours and have them in someone’s hands a couple of days later. … [Read more...] about A 17-year-old’s business made millions on Amazon. Now it’s pivoting to masks
To use SpotHero, you search for a date and starting and ending time near an address. The smartphone app and web app show a list of matches for supported cities on a map. Tap a match, and there are often substantial details to review, such as the working hours of the garage and how to check out when a 2-D code reader isn’t available. Garages that work with SpotHero guarantee a space once it’s reserved, which gives the company some pricing leeway. “People are willing to pay 50% more because they know there’s 100% certainty they’re guaranteed space,” Lawrence says. … [Read more...] about The App Economy’s Newest Challenge: Making Parking Less Painful
In fact, one reason why banks stopped lending to MSMEs in the last 12 months period is high stress from this segment. So, that being the case, a good chunk of the stressed companies can now make a claim with banks for 'COVID-19 related debt’ tag so that they can avoid insolvency proceedings. This will happen regardless of the cut-off date the government will announce to calculate the quantum of COVID-related loans. A refusal by banks can lead to court disputes. … [Read more...] about What does the IBC data tell us about the state of Indian economy?