Personal care brand mCaffeine, which sells caffeine-infused products, is aiming to achieve Rs 100 crore in annual revenue, and 1.5 million customers, in the next 12 months.In a freewheeling chat with Moneycontrol, Tarun Sharma, co-founder of mCaffeine, said the brand has served more than half-a-million customers since its inception in 2016, and it is most popular among millennials.Sharma refrained from revealing the current turnover but said that the company has been "growing very aggressively in the past 12 months".Close mCaffeine is India's first caffeinated personal care brand co-founded by Tarun Sharma and Vikas Lachhwani, in October 2016, after nine months of extensive research.Himadri BuchAssistant Editor|Moneycontrol.com Subhash Chandra stake stake in ZEE | Will it release logjam for MFs?SEBI move to up minimum PMS investment could benefit mutual fundsExclusive | L&T MF CIO Soumendra Nath Lahiri resignsThe research yielded that caffeine is basically a … [Read more...] about Online personal care brand mCaffeine eyes Rs 100 cr annual revenue in a year
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Zee Entertainment Enterprises share price rose 15 percent in the early trade on November 21 after promoters of the media house mulled selling their stake in the company.Essel Group, a promoter of the company, is looking to sell up to 16.5 percent stake in the media company.After the transaction, Essel's holding will come down to five percent in the company, out of which encumbered holding will be 1.1 percent.Close The stake sale will be to clear loan obligations to certain lenders of the group. related news D-Street Buzz: Oil & gas stocks fall led by BPCL; L&T gains, UCO Bank zooms 16% GE Shipping share price gains 3% on closure of buyback Reliance Capital share price locked at lower circuit after assets sale restriction Also Read - Essel Group to lose controlling stake in Zee EntertainmentOf the 16.5 percent, 2.3 percent will be sold to OFI Global China Fund -- a subsidiary of Invesco Oppenheimer Developing Markets Fund -- which already held 8.7 percent stake in the … [Read more...] about Zee Entertainment share price rises 15% on stake divestment
The economic slowdown is likely to weigh on the credit offtake of the banking system, but brokerage firm BNP Paribas says in India the sector will recover, thanks to lower cost of funds, cost efficiencies and lower tax.The brokerage said higher operational efficiency driven by digital initiatives and lower workforce requirements will ensure that the cost to income ratio maintains its downward trajectory."We believe a lower cost of funds, cost efficiencies, and the benefit from lower tax rates should lead to return on equity (RoE) accretion of 370bps for private banks. Higher RoEs should warrant much higher price-to-book ratios (P/Bs). We see a 10-15 percent upside from current valuations for private banks over the next five years," said BNP Paribas.Close Given that the asset quality cycle has peaked, the credit cost should be lower than those in the previous cycle, the brokerage said. related news Sensex at record high but midcaps likely to generate wealth; 20 stocks … [Read more...] about Banking set to see a recovery, life insurance the next big sector: BNP Paribas
Great Eastern Shipping Company share price gained 3 percent intraday on November 21 after the company announced the closure of buyback of shares.The buyback committee of company announced the closure of its buyback on November 20, prior to the expiry of six months from the commencement date.The company has bought back 38,10,581 equity shares at an average market price of Rs 261.60 per equity share.Close The company has contracted to sell its 2000 built Suezmax Crude Carrier Jag Lakshita of about 147,092 dwt. related news D-Street Buzz: Oil & gas stocks fall led by BPCL; L&T gains, UCO Bank zooms 16% Reliance Capital share price locked at lower circuit after assets sale restriction The vessel will be delivered to the new buyer in Q3 FY 2019-20.Including Jag Lakshita, the company's current fleet stands at 47 vessels, comprising 34 tankers, and 13 dry bulk carriers with an average of 11.98 years aggregating 3.85 mn dwt.At 09:45 hrs Great Eastern Shipping Company was … [Read more...] about GE Shipping share price gains 3% on closure of buyback
The recent sharp rally in paper stocks following the government's pledge to eliminate single-use plastic has made investors sit up and take note.Many are of the opinion that the government’s shun-plastic push has brightened the prospects of paper companies. But, analysts and industry watchers are less convinced with this rally.The government has pledged to eliminate single-use plastic by 2022. As per reports, a nationwide ban on single-use plastic, including bags, cups and straws, could come as early as on October 2, the 150th birth anniversary of Mahatma Gandhi.Close Since August 15, when Prime Minister Narendra Modi urged citizens to give up single-use plastic by October 2, 20 paper stocks have surged over 10 percent as of September 11 on BSE. related news Sensex at record high but midcaps likely to generate wealth; 20 stocks to bet on Technical View: Nifty forms Doji pattern, record high likely if index closes above 12K Sensex hits a new high, 4 factors that could … [Read more...] about 20 paper stocks up 10% since Aug 15. Will it hold?