Earnings at the lower earnings limit

Indian markets remained bearish for the the second consecutive week ended May 13 as the benchmark share indices lost nearly 4 percent. Persistent worries over rising inflation, possibility of further rate hikes by global central bank, China lockdown and weakening rupee kept the investors on the edge. During the last week, BSE Sensex declined 2,041.96 points (3.72 percent) to close at 52,793.62, while the Nifty50 shed 629.05 points (3.83 percent) to end at 15,782.20 levels. However, in the month of May Sensex and Nifty have lost more than 7 percent each. During the week gone by, all the sectoral indices were in the red with BSE Metal and Power indices falling 13 percent each. BSE Telecom index shed 6.7 percent and Realty index declined 5.8 percent. In broader market, the BSE Mid-cap index lost 5.6 percent, Small-cap index shed 6.5 percent and Large-cap Index declined 4.4 percent. In absence of any major event, market participants will be closely eyeing the performance of … [Read more...] about Dalal Street Week Ahead | LIC listing, earnings among 10 key factors that will keep traders busy

Tom Brady will get at least $50 million over the next two seasons to play quarterback for the Tampa Bay Buccaneers. The six-time Super Bowl officially signed with the Bucs on Friday, and we now have his contract details. According to Adam Schefter, he’ll get $50 million fully guaranteed, up to another $9 million in incentives, can’t be traded and can’t be tagged. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football) A no-trade clause… pic.twitter.com/XFX9l5Ozgt — Adam Schefter (@AdamSchefter) March 20, 2020 My friends, that’s a whole hell of a lot of guaranteed money for a two-year deal, and as Schefter pointed out, the contract is structured in a fashion that makes you think he’ll continue to play. He’ll be 43 when this season rolls around, and he hasn’t really shown any signs of slowing down. View this post on Instagram “Tom Brady going to the Tampa Bay … [Read more...] about Tom Brady’s Contract With The Tampa Bay Buccaneers Is For 2 Years, Will Earn At Least $50 Million

Representative Image Tube Investments of India Limited, a Murugappa group company, has set up a wholly owned subsidiary to focus exclusively on clean mobility. The new arm will consolidate the electric three-wheeler venture and other electric vehicle-related businesses. The company will be infusing initial capital to the extent of Rs 350 crore into the new subsidiary for clean mobility. The money will be infused into the new subsidiary through a combination of equity, preference and debt instruments. Tube Investments has been exploring new growth opportunities within clean mobility. In line with this strategy, it recently embarked on an electric three-wheeler initiative. In continuation of its foray into clean mobility, the company, through its clean mobility subsidiary, is also planning to acquire a 70 percent equity stake in Cellestial E-Mobility Private Limited with an investment of Rs 161 crore. The acquisition will be through a combination of primary and secondary … [Read more...] about Tube Investments of India sets up new arm to focus on clean mobility

Metropolis Healthcare | Promoter Duru Sushil Shah sold 4.25 lakh equity shares in the company at Rs 3,142.72 per share on the BSE, the bulk deals data showed. Your health insurance premiums could start going up in the days to come. Group health insurance policies – offered by employers to their employees and families – have already risen in April, when many such contracts come up for renewal, say experts. According to a Marsh-Mercer benefits survey, employer-sponsored medical benefit costs in India are expected to increase by 15 percent in 2022. Soon, it could be the turn of your individual policy premiums, as insurers reeling under the COVID-19-linked claim burden and rising healthcare inflation seek the insurance regulator’s nod to hike rates. Industry watchers feel retail health premiums could see an 8-15 percent rise. Also read: Simply Save: Know the importance of buying an adequate health insurance cover Here’s your guide to the causes for these premium hikes … [Read more...] about Explained | Health insurance premiums to get costlier: How can policyholders keep their premiums in check?

When people talk about ways to slow climate change, they often mention trees , and for good reason. Forests take up a large amount of the planet-warming carbon dioxide that people put into the atmosphere when they burn fossil fuels. But will trees keep up that pace as global temperatures rise? With companies increasingly investing in forests as offsets , saying it cancels out their continuing greenhouse gas emissions, that’s a multibillion-dollar question. advertisement advertisement The results of two studies published in the journals Science and Ecology Letters on May 12, 2022— one focused on growth , the other on death —raise new questions about how much the world can rely on forests to store increasing amounts of carbon in a warming future. Ecologist William Anderegg , who was involved in both studies, explains why. What does the new research tell us about trees and their ability to store carbon? The future of forests is on a … [Read more...] about In an increasingly warming world, we can’t rely on trees as a climate change cure-all

Share to Twitter Share to Linkedin Global average temperatures now have a roughly fifty-fifty chance of temporarily rising above 1.5 degrees Celsius beyond pre-industrial levels within five years, according to a new report from the World Meteorological Organization. The 1.5 degree figure represents an important threshold, as it is nominally the preferred warming limit set by the 2015 Paris Agreement—a limit that nations hope will be sufficient to avoid the worst impacts of climate change. According to the Global Annual to Decadal Climate Update released by the World Meteorological Organization (WMO), the period 2017-2021 saw only a 10% chance of 1.5 degrees being exceeded. But for 2022, that likelihood now stands at 48%. “This study shows—with a high level of scientific skill—that we are getting measurably closer to temporarily reaching the lower target of the Paris Agreement on Climate Change,” said Petteri Taalas, WMO Secretary-General. “Our … [Read more...] about Earth Stands ‘50:50’ Chance Of Passing 1.5 Degrees Warming Within 5 Years

The governance scores of family firms in the ESG (Environment, Social and Governance) rating, as per Reuters and Sustainalytics data, were found to be lower than those of other firms. (Photo by Akil Mazumder/Pexels) SOUGATA RAY, NUPUR PAVAN BANG & NAVNEET BHATNAGAR The debate whether companies should be governed with the sole objective of maximising shareholder value (shareholder capitalism as reflected in the shareholder primacy model advocated by Prof. Milton Friedman) or balancing the interests of multiple stakeholders (stakeholder capitalism as reflected in stakeholder primacy model advocated by Prof. R. Edward Freeman), including shareholders, has been raging for several decades. Climate disasters, rapidly rising inequalities and COVID-19 have perhaps put to rest the shareholder vs. stakeholder primacy debate and tilted the balance firmly in favour of the latter. Modern corporations, irrespective of ownership, have an obligation to act in the interests of … [Read more...] about Shareholder capitalism to stakeholder capitalism: Are Indian family firms prepared?

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Anand Rathi's research report on Suven Pharmaceuticals Suven’s pharma CDMO sales (down 21% q/q to Rs2bn) were less than expected as the contribution from one Covid molecule wasn’t as huge as expected. Specialty CDMO clocked sales of a good Rs1.3bn (up 30% q/q); formulation sales were Rs184m (up 28% q/q). The gross margin was steady at 69-70%. Staff costs and other expenses were higher (more transportation and distribution costs) at respectively 8.6% (avg. 6-6.5%) and 17.4% of sales (vs. avg. 14-15%). This translated to a 43% EBITDA margin. The higher tax rate (43% vs avg. 25-33%) eroded profit, which was Rs917m (42% y/y, adj. for the share of profit from rising pharma). Outlook We slightly trim our earnings estimate, factoring in higher formulations sales (boosted from … [Read more...] about Buy Suven Pharmaceuticals; target of Rs 627: Anand Rathi

The research firm ICICI Securities believes earnings of apparel brands and retail companies under their coverage may surprise positively from Q3FY22E as the likely demand recovery may result in better than expected margin performance. Some of the costs savings achieved during pandemic may sustain and coupled with high operating leverage may lead to higher than pre-covid margins from Q3FY22E.  Stocks like Trent, V-Mart and Aditya Birla Fashion and Retail are the preferred picks backed by their strong and consistent track record of execution. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Anand Rathi's research report on Firstsource Solutions FSOL was faced with challenges in mortgages (22% of revenue) with 30-40% declines expected ahead. Management expects stabilisation here by H2 FY23. In the other divisions (78% of revenue), … [Read more...] about Buy Firstsource Solutions; target of Rs 145: Anand Rathi

John Lapus My star as a gay comedian has already faded,” declared actor John “Sweet” Lapus, who added that he has learned to embrace being a film and TV director the moment he made this realization about his showbiz career. “I’ve learned to accept it. My friends, who are now network bosses and producers, kept urging me to pursue directing film and TV shows. I agree with them because they know what they’re talking about—being a gay comedian has a time limit. I can no longer play sidekick to the lead actress because she is most likely way younger than me now,” Sweet told reporters during the media gathering for the sitcom “Jose & Maria’s Bonggang Villa,” which he is directing for GMA 7. Other talents “For the record, I still accept job offers as an actor because my talent fee as one is way higher than what I earn as a director,” Sweet pointed out. “I’ve learned to embrace being a director … the more I do, the more blessings come my way. I’ve been doing it for three years … [Read more...] about Direk John ‘Sweet’ Lapus says goodbye to being a gay comedian