Vaqarjaved KhanThe pound had been under severe pressure since 2018 on account of a possible hard Brexit and continuous slack in the domestic economy hampering the growth in the UK. This led to a fall in GBPUSD by nearly 8 percent. In line with its international counterpart, GBPINR appreciated by nearly 2 percent.The same story continued in the first half of 2019 as well. However, since August beginning both GBPUSD and GBPINR have skyrocketed. GBPUSD has gained by nearly 5 percent, while GBPINR has depreciated by 8.75 percent. This rise in the pound is on account of hard Brexit jitters fading away. To the delight of many market anticipants across the globe, the Brexit drama seemed to be drawing to an end when the UK secured a deal with the EU on October 17.Close related news Rupee opens lower at 71.75 per dollar 'FPIs turn bullish on India; Quality mid & smallcaps to ensure better returns hereon' 'As market eyes new high smart money could move to banks, FMCG & IT' A … [Read more...] about ‘Pound party to continue as hard Brexit fear fades away’
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Highlights- Volumes in Q2 were higher by 7 percent- Margins improvement aided profit growth- Building new sorting centres at Pune and Gurgaon- Trading at 32 times FY20 estimated earnings------------------------------------------------- Third-party express logistics service provider TCI Express (TCIX) continued to deliver a robust quarterly performance in Q2 FY20. Sales growth saw a slight recovery in the quarter gone by, while continued expansion in operating margins aided profits.Close Quarterly result highlights related news Ashok Leyland: Weak Q2, but sharp price fall makes it a long-term candidate Here’s a look at Healofy – a social networking platform only for women Bayer CropScience Q2 profit up slightly at Rs 169.8 crore TCIX’s revenues increased by 9 percent year-on-year (YoY) to Rs 269 crore in Q2. Underlying revenue growth was largely driven by higher volumes. New client addition in the SME segment aided a 7 percent jump in volumes. Pricing growth … [Read more...] about TCI Express: Delivering good performance, but valuations are expensive
Anand KochukudyMaharashtra has been officially placed under President’s rule 20 days after the voters gave a decisive mandate to the Bharatiya Janata Party-Shiv Sena alliance in the state.While the post-poll negotiations and realignments have seen many twists and turns, the drama moves to the court after the Shiv Sena petitioned the Supreme Court to challenge the Governor’s swift recommendation for President’s rule. But how did things come to such a pass? And what explains all the tough negotiations between allies BJP and Shiv Sena after the results?Close Flashback to 2014: Uddhav Thackeray was rumoured to be harbouring chief ministerial ambitions. However, after doing extremely well in the Lok Sabha elections that year, the BJP under Amit Shah was driving a hard bargain and was not amenable to giving more than equal number of seats to its partner. related news Maharashtra government formation: BJP deriving 'sadistic pleasure' out of deadlock, says Shiv … [Read more...] about How things came to such a pass in Maharashtra
Larry Platt, the editor of the Philadelphia Citizen, felt like Ed McMahon on election day last November. He was at a local polling station with an oversized $10,000 check in hand and cameras in tow. Who was the lucky winner? A school crossing guard named Bridget Conroy-Varnis. What did she do to attract such a windfall? She voted. advertisement advertisement Founded in 2015, the Citizen is an unconventional publication, interested in not only writing about the city’s problems but exploring and testing solutions. The voting lottery, paid for by a private local foundation, was one of its earliest experiments, aimed at increasing paltry turnout in the city’s local elections. “People have lost faith that their vote matters,” says Platt. “What we have [in Philadelphia] is a corrupt one-party system of political leadership. The people who run the corrupt system are invested in keeping the status quo. The more people we have weighing in on how the … [Read more...] about What If We Paid People To Vote?