Sugar has a lot in common with tobacco and alcohol: it triggers pleasurable feelings, it can cause health problems when overused, and it’s addictive (though the jury may still be out on that one). Unlike the latter two substances, sugar products don’t come with added taxes or any barrier to obtaining them. Anyone can legally binge on sugar, regardless of age. But maybe this shouldn’t be the case. Maybe we’d all be better off if sugar was treated like a potentially dangerous substance. advertisement advertisement Scientists at UCSF argue in a recent issue of Nature that added sugars, defined as “any sweetener containing the molecule fructose that is added to food in processing,” should be regulated by the government. The researchers, one of whom is well-known for his views on the dangers of sugar, have come up with a convincing list of reasons why we need to take serious measures: Sugar can induce hypertension, insulin resistance, high … [Read more...] about Should The Government Regulate Sugar Like Tobacco?
The Morgan Stanley Capital International (MSCI) has jumped into a fight it should have kept out of. The company, which is one of the biggest index compilers with nearly $9 trillion riding on the indices it generates, is now trying to lean on emerging countries like India for market access.On Wednesday MSCI said it was placing Indian and Brazilian markets on notice for limiting investor access. The weights of India and Brazil markets could be capped on MSCI Indexes. The company also said countries like Turkey, South Korea, India, and Brazil restrict the use of local data in derivatives created by offshore exchanges. India, additionally, was faulted for a lengthy and burdensome mandatory registration process for foreign investors.There is no doubt that the second part of the argument is true, as the registration process is never-ending.Close However, as for market access, there are a number of issues involved here. Foreigners prefer to trade in rival exchanges mainly because of the cost … [Read more...] about COMMENT – Don’t let MSCI arm-twist India, but yield to Singapore exchange on GIFT partnership
Many investors would be surprised to see the erosion in their portfolios despite the Sensex and Nifty not being too far from their lifetime highs. The big indices have retreated just 5-6 percent from their peaks, but the price damage in mid and small cap shares has been severe.Here are some data points that describe the carnage in the market on Tuesday, June 6th. During the day, trading in 381 stocks on the BSE was frozen after there were only sellers in those stocks. Nearly 700 stocks, or one in every four stocks are trading within 5 percent of their 52-week lows. Sector indices that are close to their lows are power, telecom, infrastructure, utilities, healthcare and public sector undertaking.There are various reasons why many these stocks are being hammered. In many cases, weak fundamentals are to blame. But market players say the recent policies and regulations by the government and market regulator SEBI are aggravating the situation.Close The introduction of long-term capital … [Read more...] about Market is haemorrhaging, but Sensex & Nifty seem to suggest rude health
Reported Standalone quarterly numbers for Associated Alcohol and Breweries are:Net Sales at Rs 119.48 crore in September 2019 up 58.76% from Rs. 75.25 crore in September 2018.Quarterly Net Profit at Rs. 11.06 crore in September 2019 up 123.54% from Rs. 4.95 crore in September 2018.Close EBITDA stands at Rs. 13.66 crore in September 2019 up 23.84% from Rs. 11.03 crore in September 2018.Assoc Alcohol EPS has increased to Rs. 6.12 in September 2019 from Rs. 2.74 in September 2018.Assoc Alcohol shares closed at 200.80 on November 08, 2019 (BSE) and has given -6.67% returns over the last 6 months and -22.20% over the last 12 months.Associated Alcohol and BreweriesStandalone Quarterly Resultsin Rs. Cr.Sep'19Jun'19Sep'18Net Sales/Income from operations119.48129.5475.25Other Operating Income------Total Income From Operations119.48129.5475.25EXPENDITUREConsumption of Raw Materials70.7062.4240.35Purchase of Traded Goods0.400.460.11Increase/Decrease in Stocks-4.378.95-5.49Power & … [Read more...] about Assoc Alcohol Standalone September 2019 Net Sales at Rs 119.48 crore, up 58.76% Y-o-Y
Reported Standalone quarterly numbers for APL Apollo Tubes are:Net Sales at Rs 1,292.81 crore in September 2019 down 5.7% from Rs. 1,371.02 crore in September 2018.Quarterly Net Profit at Rs. 26.79 crore in September 2019 down 45.66% from Rs. 49.30 crore in September 2018.Close EBITDA stands at Rs. 33.90 crore in September 2019 down 65.86% from Rs. 99.29 crore in September 2018.APL Apollo EPS has decreased to Rs. 11.05 in September 2019 from Rs. 20.78 in September 2018.APL Apollo shares closed at 1,438.55 on November 08, 2019 (NSE) and has given -2.30% returns over the last 6 months and 13.60% over the last 12 months.APL Apollo TubesStandalone Quarterly Resultsin Rs. Cr.Sep'19Jun'19Sep'18Net Sales/Income from operations1,245.971,589.101,324.26Other Operating Income46.8463.1546.76Total Income From Operations1,292.811,652.251,371.02EXPENDITUREConsumption of Raw Materials1,028.341,355.221,150.77Purchase of Traded Goods123.56192.80100.22Increase/Decrease in Stocks13.65-72.26-23.87Power … [Read more...] about APL Apollo Standalone September 2019 Net Sales at Rs 1,292.81 crore, down 5.7% Y-o-Y