"Maruti will benefit from its gasoline driven portfolio as the breakeven for diesel vehicles has further increased after the introduction of BSVI variants. As the company has a robust balance sheet, with cash reserves of around Rs 40,000 crore (around 25 percent of market cap), we expect the industry leader to withstand the downturn due to its scale and robust balance sheet," said the brokerage. … [Read more...] about Brokerages upgrade these 15 stocks to buy, expect 11-75% returns in a year
If eligible equity shareholders are holding equity shares in physical form as on record date, and have not provided the details of their demat accounts to the company or to the registrar, they are required to provide their demat account details to the company or the registrar by June 1 to enable the credit of the rights entitlements by way of transfer from the demat suspense escrow account to their respective demat accounts, at least one day before the issue closing date. … [Read more...] about Explainer | All you need to know about RIL rights entitlement
Parking is inefficient all around. A global survey conducted by IBM in 2011 found that “drivers have spent an average of nearly 20 minutes in pursuit of a coveted spot,” although it varies widely by city. That wastes productivity, burns fuel, and worsens air quality, as well as contributes to traffic congestion. IBM found that more than half of the drivers in 16 of the 20 cities covered by the survey drove off after giving up in frustration. “Cruising is a disguised source of congestion,” wrote parking expert Donald Shoup, an urban planning professor at UCLA, in a report, “Cruising for Parking” (PDF). … [Read more...] about The App Economy’s Newest Challenge: Making Parking Less Painful
It is important to remember that a good number of companies (again MSMEs) were in the stressed category (under special mention accounts for delayed payments) in the books of banks even before COVID-19 hit the economy. Some of them may not have progressed to the IBC stage yet. Banks already have about Rs 29 lakh crore loan outstanding to MSMEs as at end March. Most banks have around 9-10 percent bad loans from this segment (a rough estimate). … [Read more...] about What does the IBC data tell us about the state of Indian economy?
With its rich diversity of flora and fauna, Indian fragrances and flavours industry is projected to grow exponentially in the coming years due to increasing demand for personal care products, brand awareness, growing demand from the middle class due to rising disposable incomes and products now being available at affordable price points, Kothari said. … [Read more...] about Losing sense of taste & smell: Indian fragrances and flavours industry fears falling behind China