1. Type 1 – Capital redeployed only in core businesses historically: Firms such as Page Industries and Relaxo Footwears have reinvested on average, 50% and 90% respectively of their annual operating to expand manufacturing capacities in their core operations, enhance IT systems, etc. Moreover, every layer of geographical (within India) or product category expansion has been carried out organically in adjacencies which have a significant overlap with their existing core business. For instance, over two decades, Relaxo expanded pan-India into sports shoes and various sub-segments of casual footwear, from being just a north-India player manufacturing flip-flops. Page started off by offering just men’s innerwear in the 1990s and has subsequently expanded into leisurewear, sportswear and outerwear categories for men, women and kids. For such companies,we focus on building conviction on the runway of growth available to the firm’s core … [Read more...] about Saurabh Mukherjea’s investment mantra to navigate through a crisis: Part-2
Canada europe free trade
Over subsequent years he watched in increasing horror as police killings of unarmed Black Americans continued, and began focusing his philanthropy on social justice—including a pair of $1 million donations he and Lively made last year to the NAACP Legal Defense Fund and the Young Center for Immigrant Children’s Rights. It’s a topic he’s reluctant to talk about, in part because he worries that white celebrities too often drown out non-white voices, even if that’s not their intention. But in late May, after the issue of his wedding location resurfaced online, he and Lively opened up. Along with donating another $200,000 to the NAACP Legal Defense Fund, they posted a message to their social accounts expressing shame over their ignorance about systemic racism: “We want to educate ourselves about other people’s experiences and talk to our kids about everything, all of it . . . especially our own complicity.” … [Read more...] about Ryan Reynolds on ‘Deadpool,’ diversity, and the secrets of successful marketing
Reports suggest that investment in ETFs has seen a sharp rise in the recent past. Investors are moving away from actively-managed equity funds. In June, ETFs saw inflows of Rs 4,092 crore, four times higher than the previous month. … [Read more...] about 3 Point Analysis | Why are investors opting for ETFs?
This is a passive scheme based on certain rules. The strategy does not take into account the valuations of the stocks, which are high currently. The product is launched in the ETF format. Most smart beta ETFs in India suffer from low liquidity on the stock exchanges. Also, smart-beta funds are yet to develop a long track record. Therefore, it may be hard to assess how such schemes would perform across market cycles. … [Read more...] about ICICI Pru Alpha Low Vol 30 ETF NFO: Should you invest?
The company has received approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA)Vardenafil Hydrochloride tablets in the strengths of 2.5 mg, 5 mg, 10 mg and 20 mg, Alembic Pharmaceuticals said in a BSE filing. … [Read more...] about Alembic Pharmaceuticals gets USFDA nod for erectile dysfunction drug