"In the ancillary space we like Minda Industries given its constant penchant to increase content per vehicle and its presence in new-age technology products. In the prevailing times, the focus should be on picking up businesses that are capital efficient in nature and possesses healthy balance sheet strength (low debt) with a history of generating positive Cash flow from operations," he said. … [Read more...] about July auto sales signal recovery: Should you buy stocks from the sector?
Car will turn over but wont start
Kate, a mid-30-something white woman, born in North Carolina, said, “Of course, we have white privilege. We should not be ashamed of that. I think we need to own that. I think a lot of people are uncomfortable with that thought. For me, whiteness allows for some safety and some security. I’ve never been taught if I get in the car, I need to have my driver’s license right next to me because if I get stopped [by the police] something could go awry for some reason. My parents never had that conversation with me. But I think, white people, we got to get really get comfortable with what that means. Because, if we don’t, we can’t identify when it is happening.” … [Read more...] about There’s no easy hack to allyship. Here’s what it really takes to support BIPOC
- Phase 2 (2006 to 2014) – Unsuccessful international M&A: Pidilite deployed close to ~Rs 685 crores in international acquisitions (26% of operating cash flows over this nine-year period) in Brazil, Middle East, USA and in acquiring an elastomer manufacturing plant in France. Pidilite bought small companies, some of which were operating in unrelated industries, without any market leadership. In countries like Brazil, the acquisitions were faced with economic collapse in the country, and issues with the legacy management team of the company. Over the past decade,Pidilite has written off ~Rs 175 crores worth of its investments in subsidiaries in Brazil and the Middle East, and ~Rs 300 crores of its investments in the elastomer project. The acquisition made in the USA (Cyclo) has been sold off in 2017 for ~Rs 30 crores. … [Read more...] about Saurabh Mukherjea’s investment mantra to navigate through a crisis: Part-2
Soon after protests erupted in May following the killing of George Floyd, Reynolds was forced to grapple with his own complicated personal history. His and Lively’s 2012 wedding took place at Boone Hall, a former plantation in South Carolina. Press coverage at the time focused mostly on the glamour of the event, though some pointed exceptions noted the callousness of holding a celebration in a place where slaves had suffered and died. It wasn’t until 2018 that the story caught on in a significant way, when a tweet Reynolds posted in praise of Black Panther (the first superhero blockbuster featuring a largely African American cast) sparked a viral response accusing him of hypocrisy. The actor is still clearly pained by the hurt the wedding caused, as well as by his own lack of judgment. “It’s something we’ll always be deeply and unreservedly sorry for,” he says. “It’s impossible to reconcile. What we saw at the time was a wedding venue on … [Read more...] about Ryan Reynolds on ‘Deadpool,’ diversity, and the secrets of successful marketing