Rahul ShahEvery time I go to Aurangabad, the city where I spent my formative years, I make it a point to catch up with two of my best school buddies.They joined their family businesses immediately after graduation. They're doing rather well for themselves.Close I can't help but notice the stark contrast in the growth of their respective businesses though. related news Adani Enterpris Standalone September 2019 Net Sales at Rs 2,946.11 crore, down 4.29% Y-o-Y Steps to transfer your PPF account to a different bank or branch Thacker Consolidated September 2019 Net Sales at Rs 1.15 crore, down 36.14% Y-o-Y Rohit, the more laidback of the two, runs a successful automobile business.But he hasn't moved beyond this one shop he operates from. Even now, it wears the exact same look it wore a couple of decades ago.Suraj, the more ambitious one, seems to be on a growth spree.He recently opened a brand-new clothing showroom apart from a big one he already owns. If things go as per his … [Read more...] about Double your income: How a long term stock picking system can help you achieve it
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Zomato's biggest shareholder, Info Edge, has said that the food delivery platform cut its monthly expenditures to Rs 143 crore ($20 million), The Times of India reported.This is a significant reduction of around 44 percent from the company's Rs 322 crore ($32 million) March spend. The cut was managed despite the start-up expanding operations across 500 more Indian cities, it noted.After announcing its September quarter earnings, Sanjeev Bikhchandani, the co-founder of Info Edge. told analysts that cutting down on discounts and instances of people abusing discounts, and reducing marketing spend brought down the monthly expenditure.Close He added that Zomato would continue to reduce monthly spend and increase volumes. It will be a tough fight as Bengaluru-based rival Swiggy is going all-out at $40-50 million per month to gobble market share. related news Supreme Court to deliver its verdict on pleas seeking Sabarimala judgment review tomorrow 'Vodafone India to head for … [Read more...] about Zomato slashes monthly spends by 44% to Rs 143 crore; company to focus on volume increase: Report
When Nitish Kumar abandoned the Grand Alliance with RJD and Congress to join the National Democratic Alliance (NDA) in August last year, opinions regarding his decision were divided. Some called it a political masterstroke, others called it a mistake; most were cynical. They felt this was perhaps another one of Kumar’s U-turns in his quest to use realpolitik to maintain power, and it could go either way.Maintaining power, as it is turning out, would be difficult. Once considered to be the Opposition’s pitch for Prime Ministerial candidature, Nitish Kumar now seems to be struggling for seats in a state he has ruled for the past 13 years. Kumar had broken his alliance with the NDA before the 2014 general elections, citing differences with PM Narendra Modi.In the elections that followed, Janata Dal (United), Kumar's party, was trounced by the Bharatiya Janata Party (BJP) and its allies in Bihar, reducing the party to two seats while the BJP garnered 22. This was a change from … [Read more...] about Grand Alliance, NDA or go-it-alone: Options galore, but what is Bihar CM Nitish Kumar thinking?
The Shiv Sena, on November 13, said that the Bharatiya Janata Party (BJP) was deriving "sadistic pleasure" out of the struggle of other political parties to form government in Maharashtra.Without taking names, the Sena, in an editorial in party mouthpiece 'Saamana', said those talking about ethics in politics are currently the "most disruptive".President's Rule was imposed in Maharashtra on November 12 after Governor Bhagat Singh Koshyari sent a report to the Centre, stating that formation of a stable government was impossible in the current situation despite all his efforts.Close The development came as the political stalemate continued since the declaration of Assembly poll results last month, with the Congress and NCP saying they had not yet taken any decision on Shiv Sena's proposal of forming a government and will hold further discussions. related news Supreme Court to deliver its verdict on pleas seeking Sabarimala judgment review tomorrow 'Vodafone India to head for … [Read more...] about Maharashtra government formation: BJP deriving ‘sadistic pleasure’ out of deadlock, says Shiv Sena
Share price of Godrej Industries added 6 percent intraday on November 13 after the company posted better-than-expected numbers for the quarter ended September 2019.The company reported a 95.7 percent YoY jump in its September quarter (Q2FY20) net profit at Rs 371.46 crore against Rs 189.76 crore.Revenue for the quarter increased by 3.6 percent at Rs 2,628.71 crore against Rs 2,538.39 crore, YoY.Close Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 1.6 percent at Rs 151.1 crore versus Rs 148.7 crore, while EBITDA margin was flat at 5.8 percent versus 5.9 percent, YoY. related news After Q2 earnings, global brokerages expect Mahanagar Gas to give double-digit returns Edelweiss Financial share price locked at upper circuit on capital infusion talks The company board has approved raising of funds by way of issuance of unsecured non-convertible/debentures/Bonds/Other Instruments aggregating to Rs 1,500 crore.The board also approved further investment of … [Read more...] about Godrej Industries share price gains 6% on strong Q2 show; plans to raise Rs 1,500 crore