Arvind Ltd will demerge, and list, its apparel and engineering businesses by September, as the textile major presses the accelerator on its ambitious target to reach a topline of Rs 20,000 crore, from the present Rs 11,000 crore, in 4-5 years.The demerger, Arvind’s Executive Director Kulin Lalbhai hopes, will “unleash the animal spirit” in these units. “We believe our growth rates will move from 10-12 percent today, to 16-18 percent on our Rs 11,000-crore aggregate topline,” Lalbhai said in an interview to Moneycontrol.The younger son of family patriarch Sanjay Lalbhai spearheads the real estate, digital and brand businesses in the group.Close Apart from stressing that demerger is a good news for investors, the 34-year-old is also excited by the opportunity that is up for grabs for the Indian textile industry. “We haven’t seen this kind of an opportunity in decades,” says Kulin. related news Essel Group to sell up to 16.5% … [Read more...] about Arvind Ltd to demerge and list engineering, apparel businesses by September: Kulin Lalbhai
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As a former corporate recruiter, I’ve seen thousands of resumes. And let me tell it to you honestly from this side of the table: Sometimes as my peers look at the vast pile of applicants in front of them, they make snap judgments based on what they read. Those judgments can blow your chances at a job before you even have a chance to speak. advertisement advertisement It’s certainly not right, but it happens. The following are seven assumptions a recruiter might make based on your resume that would lead to quick disqualification—along with tips on how you can avoid these issues before you apply. 1. You Aren’t Really Willing To Relocate—Or Will Want Money To Do So If you work in Chicago and you’re pursuing a job in Boston, an employer may gloss over your stellar experience and instead focus on the fact that you’ll need to move to another state. Perhaps the person will figure it’s too much time wasted to wait for you to get … [Read more...] about 7 Assumptions Recruiters Make About You Based On Your Resume
Mutual fund schemes witnessed a steady inflow in August even as the broader market sentiment remained sombre amid concerns over the macro-environment and earnings revival.Total assets under management (AUM) of the mutual fund industry increased by 3.8 percent month-on-month (MoM) to Rs25,50,000 crore, mainly led by inflows in liquid and equity-oriented schemes.Inflows in equity schemes, including ELSS and arbitrage, went up from Rs 14,000 crore in July to Rs 15,100 crore in August, the highest since February 2018, led by a decline in redemptions (down 26 percent MoM at Rs 12,000 crore), even as gross sales were down 10 percent MoM to Rs 27,100 crore, said a recent report from Motilal Oswal FinancialServices.Close Highest net buying on MoM basis was witnessed in Eicher Motors, followed by Yes Bank, Adani Ports, UltraTech Cement and Reliance Industries, in that order. related news Brokerages bullish on ICICI Bank, see 20% further upside despite rallying 44% in last 9 months … [Read more...] about Top 17 Nifty stocks in which MF schemes have over 2% exposure; should you buy?
As the great Leonard Cohen once sang, “the poor stay poor and the rich get rich; that’s how it goes, everybody knows”—especially if you live in Seattle. The Emerald City has just hit a record high for income inequality, and it now rivals San Francisco. Per the Seattle Times, the top 20% of income earners in Seattle–home to Bill Gates and Jeff Bezos–took home more than half the city’s total income. Plus, the richest residents saw a $40,000 rise in pay in 2016, to an average of $318,000. The news comes courtesy of the Gini index, which, according to the CIA (because why not?), measures the degree of inequality in the distribution of family income in a country or community. Seattle’s income inequality is growing. In 2015, it was sixth on the list of worst cities for income equality, but now it has zipped to the top, matching the infamously unequal San Francisco. Seattle has been trying to fight income inequality. … [Read more...] about Seattle is reaching San Francisco levels of income inequality
If content has traveled many screens, from theatres to television to now alternate screen, so has technology. The 3D immersive audio that you hear in theatres can now be experienced anywhere, anytime.The question is how?So, Dolby that has installed more than 500 Dolby Atmos screens and has more than 500 movie titles in Dolby Atmos across India, has brought its sound technology, Dolby Atmos to video streaming platforms. And the new entrant on the list is Eros Now.Close On Eros Now, films like Bajirao Mastani, Manmarziyaan, Action Jackson are available in Dolby Atmos. related news Inside Edge 2 promises to reveal ‘inside information’ on cricket In pics: From Iron Man to Thor and Groot, Bengaluru's Comic Con was a hit Kantar to roll out India’s first OTT audience measurement solution Along with Eros Now, which has 21.1 million paid subscribers and 166 million registered users, Dolby is offering its sound as well visual technologies (Dolby Vision) to Netflix, … [Read more...] about Want cinematic experience at home or on mobile? OTTs are giving you that, with Dolby’s help