The IMD's Odisha centre said a low-pressure area is likely to develop over north Bay of Bengal on Tuesday under the influence of a cyclonic circulation over Gangetic West Bengal and another one over northeast Bay of Bengal. It will bring heavy rainfall to the coastal state, including Balasore, Bhadrak and Dhenkanal districts, until Thursday. … [Read more...] about Rainfall resumes in Mumbai as IMD advises fishermen to not venture deep into Bay of Bengal
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Happy birthday hip hop…Shout out to DJ Kool Herc @officialdjkoolherc and Coke La Rock @coke_la_rock for that historic night! #jeevzb #happybirthdayhiphop #birthplaceofhiphop #djkoolherc #cokelarock #southbronx #1520sedgwickave #newyork #august111973 #ilovehiphop pic.twitter.com/4iDyi4P1O2 … [Read more...] about A shout-out to what should be Hip-Hop Appreciation Day on its 47th birthday
- Phase 3 (2014 to 2019) – Successful domestic acquisitions: Having learned from its mistakes made in the preceding phase of international acquisitions, Pidilite resumed its focus on frequently acquiring smaller domestic competitors in its core business. For example, Bluecoat has been acquired for ~Rs 260 crores (6% of FY14-19 operating cash flows) and Suparshva for an undisclosed consideration. These acquisitions have turned out to be substantially RoCE accretive for Pidilite. The firm has also deployed ~Rs 300 crores over FY14-19 (~7% of operating cash flows and ~2-3% of capital employed over this period) to acquire businesses in adjacent categories (CIPY – floor coatings; Nina and Percept – waterproofing contractors) and has formed JVs with MNCs like ICA for niche products like wood finishes. These businesses have shown significant improvement in financial performance post-acquisition. In addition to disciplined capital … [Read more...] about Saurabh Mukherjea’s investment mantra to navigate through a crisis: Part-2
The present provision in this regard is, Section 10(38) of the Income Tax Act exempts the long term capital gains arising in case of transfer of equity shares on or after October 1, 2004, where such transaction is chargeable to securities transaction tax (STT). However, this provision has been modified in the latest Budget and it is now proposed to levy tax on transfer of listed shares if the STT is not paid at the time of acquisition of such shares. … [Read more...] about Will Budget 2017-18 render ESOPs unattractive?
By the time he landed, it had caught fire. The commercial soon racked up 10 million views on Twitter alone, and was further amplified by Reynolds’s appearance on The Tonight Show a few days later. (The “where to buy” searches on Aviation’s website spiked so dramatically that the website-hosting company thought something had gone wrong.) Aviation, in which Reynolds bought a stake in 2018, was already the fastest-growing gin brand in the world, with triple-digit growth in 2018 and 2019 and the same projected for 2020, despite bar and restaurant closures. “We got something like 13 billion media impressions last year,” says Andrew Chrisomalis, CEO of Davos Brands, the wine and spirits company that co-owns Aviation with Reynolds. “And we spent less than a million dollars on product marketing. If you do the math, it’s less than a tenth of a cent per impression, which is extraordinary.” … [Read more...] about Ryan Reynolds on ‘Deadpool,’ diversity, and the secrets of successful marketing