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Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Avenue Supermarts Ltd , which owns and operates the retail chain D-Mart, on May 14 reported a 22 percent decline in its sequentially consolidated net profit to Rs 427 crore for the fourth quarter ended March 2022. However, the company posted a 3 percent rise in net profit on year. Revenue fell 5 percent quarter-on-quarter to Rs 8,787 crore from Rs 9,218 crore. Year on year, revenue rose 19 percent. "January 2022 started extremely well but then the Omicron wave of Covid‐19 reduced the momentum over the middle of the month. These waves typically hurt the high margin and discretionary items more. As is the trend of the past, recovery does take 40‐50 days after restrictions are removed or anxiety of a Covid wave recedes. Omicron was a milder wave and hence had a significantly lower negative … [Read more...] about Avenue Supermarts reports 22% sequential fall in Q4 net profit, up 3% on year

Share to Twitter Share to Linkedin Sitting on the back porch drinking a beautiful glass of Cabernet Sauvignon, the sunset painted the sky with colors of saffron and gold; there, a veteran wine producer in Napa Valley took in the recent catastrophe that destroyed so much of his community while he contemplated the luck of no loss of human life in the disaster, and less importantly, that five of his best barrels of wine survived. All of a sudden the song "That Old Black Magic" started to play in his head, and he knew "Black Magic" would be the perfect name for those special barrels of wine as it was a "black moment" for his winery as they lost a lot of wine yet at the same time those barrels have an "aura of real magic". That moment happened after the 2014 massive 6.0-magnitude Napa Valley earthquake that violently destroyed wineries, structures and catapulted people out of their beds around 3 am. The victims were randomly selected as "some wineries lost … [Read more...] about $100,000 Wine Gamble Turned Into 100-Point Scores From Top Wine Critics

Share to Twitter Share to Linkedin Often misunderstood, Redesign Health’s model is a very different way to create, fund and launch healthcare startups, but will it pay off over the long term? Typically, a story starts with what a company is. In the case of Redesign Health , perhaps it’s best to start with what it isn’t. Redesign Health is not a venture capital (VC) firm, despite the fact that it's often listed among other VCs in funding press releases . It’s not a startup studio or accelerator, even though it’s named as a partner in building many early-stage healthcare companies. Instead, Redesign Health styles itself as “a company that powers innovation in healthcare by developing technologies, tools, and insights that lower the barriers to change across the industry.” What does that mean? After conversations with Redesign Health CEO Brett Shaheen, in addition to other entrepreneurs in the Redesign Health family, the answer is seemingly … [Read more...] about Inside Redesign Health’s Bid To Change The Healthcare Innovation Cycle

Share to Twitter Share to Linkedin With the oldest millennials pushing 40, it is not surprising to this financial planner that many people are asking, “How much money should I have saved by my age?” Would you believe one-in-six of millennials has already saved $100,000? That is well beyond what the average 50-year-old has saved, according to a GAO Study . While not the case for every millennial, many are on track for a secure retirement. How much should I have saved at every age? What should my net worth be throughout my life? These are questions that every working American should be asking sooner. The good news is that some millennials are already on the retirement -saving bandwagon. According to a survey by Bank of America BAC , a surprising 16% of millennials between the ages of 23 and 37 now have at least $100,000 saved for retirement. I know we are all living through a global pandemic at the moment, but for those still earning a living, … [Read more...] about How Much Should Millennials Have Saved At Every Age?

Compiled by IYLIA MARSYA ISKANDAR, C. ARUNO and R. ARAVINTHAN A MAN managed to recover the funds he lost to credit card fraud by pestering the customer service department of a bank in Malaysia every day for one whole month, Sin Chew Daily reported. The victim, whose name on Facebook is Justin Lim, claimed that his credit card was used twice to purchase goods in October 2021. Without having received a TAC code or a one-time password (OTP), Lim received a text message that his card was charged RM519.40. Realising that he had been a victim of credit card fraud, Lim immediately cancelled his card and reported the matter to the issuing bank’s customer service department. “Usually, banks will say they need six months to investigate after you have made a report. Only after they have ascertained that your card has been misused will they refund your money,” he said. Lim said he continued to pester the customer service department for an entire month by repeatedly asking them three … [Read more...] about Persistent fraud victim gets refund from bank

Share to Twitter Share to Linkedin According to research, Black people account for 12% of alcohol sales but only 7.8% of the workforce and 2% of executives. While Black Americans drink spirits at the same rate as white Americans, they are treated unequally in the beverage industry. However, the spirits industry is undergoing a historic shift right now, with Pronghorn at the helm. Dia Simms, Erin Harris, and Dan Sanborn founded the stand-alone company to advance diversity, equity, and inclusion in the alcohol industry while also generating wealth and driving acquisitions. Pronghorn will act as a hybrid incubator and accelerator, making capital investments while also providing supercharging capabilities that allow brands to tap into industry-leading expertise and resources. Pronghorn, like the animal after which it is named — the second fastest animal on the planet, known for its ability to run long distances — is dedicated to completing the task at hand. … [Read more...] about Lobos 1707 CEO Dia Simms Is Leading A $2.4 Billion Diversity Plan In The Spirit Industry With Pronghorn

PONTIAN: Police here are hunting for two suspects after a machete attack on a man at a restaurant in Benut town near here on Monday (Feb 14). Pontian OCPD Supt Mohammad Shofee Tayib said Benut police received a call about the incident at 3.20pm. He said policemen were deployed to the scene and interviewed witnesses there. “The 40-year victim suffered severe injuries on the right arm and was rushed to hospital for emergency treatment," said Supt Mohammad Shofee. He said according to witnesses, two men escaped in a white multi-purpose vehicle. “The number plate of the vehicle used (for the getaway) was fake," he added. CCTV footage from the restaurant was collected as evidence in the case, which is being investigated under Section 323 of the Penal Code for voluntarily causing hurt. Those with information on the incident have been urged to contact Insp Muhammad Syamil A. Fadzil at 013-7145506. … [Read more...] about Duo sought by cops over machete attack at restaurant

- A + A JELI (May 14): The government must look at the country's financial performance before considering the proposal for Petroliam Nasional Bhd (Petronas) to take over Sapura Energy Bhd to prevent the oil and gas company from going bankrupt. Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed said careful consideration must be taken as the oil and gas industry is a strategic industry and taking into account that Sapura Energy is the world's second largest integrated oil and gas service provider. “Though the assistance (proposal) does not involve government funds, Petronas belongs to the government, so the government needs to think seriously before making a decision. "We are aware that many other small and medium companies in the industry are in difficulties and Sapura Energy is among the big companies affected," he told reporters after the opening ceremony of the Sungai Nibong Bridge, Kuala Balah here on Saturday (May 14). The … [Read more...] about Look at country’s financial performance before thinking of taking over Sapura Energy, says Mustapa

MOGADISHU (Reuters) - Police in Somalia have announced a 33-hour curfew on the capital Mogadishu that will keep almost all residents at home during a presidential election by lawmakers on Sunday, in which incumbent leader Mohamed Abdullahi Mohamed is seeking a second term. Police spokesperson Abdifatah Aden announced at a press conference on Saturday a full curfew in the city, covering both traffic and people, from Saturday at 9:00 PM (1800 GMT) until Monday at 6:00 AM. Lawmakers, security personnel and all others officials involved in the vote are still free to move during those hours. The indirect election, in which lawmakers will pick a president, will take place in an airport hangar behind blast walls to help fend off potential Islamist attacks or meddling by factions within the security services. Mohamed is facing 37 opponents in the vote, including two former presidents, Sharif Sheikh Ahmed and Hassan Sheikh Mohamud, who analysts see as the frontrunners. Originally … [Read more...] about Somali police announce curfew in capital during Sunday’s presidential vote

- A + A (May 14): US Federal Reserve (Fed) Bank of Cleveland president Loretta Mester backed raising interest rates by half percentage points in the central bank’s next two policy meetings in order to tamp down surging inflation. “Unless there are some big surprises, I expect it to be appropriate to raise the policy rate by another 50 basis points in each of our next two meetings,” Mester said on Friday (May 13) in prepared remarks for a virtual appearance at the International Research Forum on Monetary Policy. Fed central bankers raised interest rates by a half point in their meeting earlier this month and chair Jerome Powell told reporters that similar moves were on the table in their next two meetings in June and July. Mester, who votes on monetary policy this year, said that once they got to September, the policy-setting Federal Open Market Committee should assess if it needs to do more to restrain inflation, which is running at the highest levels in 40 years. … [Read more...] about Fed’s Mester backs half-point rate hikes in June and July