(Photo: ANI) India has signed an agreement with South Africa to translocate 12 cheetahs to the Kuno National Park in Madhya Pradesh, a senior official in the Union Environment Ministry said on Friday. The pact was signed last week and seven male and five female cheetahs are expected to reach Kuno by February 15, he said. The South African environment department in a statement on Thursday said the plan is to send 12 cheetahs every year for a decade. India has not released any statement in this regard so far. The 12 South African cheetahs have been in quarantine since July last year and were expected to reach Kuno this month but "some processes in South Africa took some time", delaying the transfer, according to the official. It is expected that the South African authorities will soon receive an export permit and a certificate under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) for the transfer of the animals, he said, adding … [Read more...] about India inks pact with South Africa to bring cheetahs; 12 to arrive in February
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Representative image Hospitality and travel-tech firm OYO estimates its revenue in 2022-23 to be USD 751 million on the back of which it expects to post its first operating profit in a full year, company Founder and Group CEO Ritesh Agarwal has told its employees. At an employees townhall held this week, Agarwal is understood to have shared how the company has been able to gradually strengthen its financials after overcoming the challenges of the pandemic. The company expects its revenue in FY23 to be USD 751 million, up 19 per cent from USD 629 million in FY22, he told the employees through a presentation during the townhall. In the first half of the fiscal year, OYO posted an adjusted EBITDA of USD 8.3 million. It had registered an adjusted EBITDA loss of USD 37 million in the same period of FY22. For the second half of the fiscal, continued momentum on topline coupled with margin expansion and healthy operating leverage are expected to result in USD 24 million adjusted … [Read more...] about OYO estimates its revenue to be $751 million in 2022-23: Ritesh Agarwal
UltraTech Cement | CMP: Rs 6,860 | The stock tumbled over 4 percent after the company reported a consolidated net profit of Rs 1,062.58 crore for the December quarter, down 37.86 percent from the year-ago period. UltraTech Cement's revenue from operations, however, rose 19.53 percent to Rs 15,520.93 crore from Rs 12,984.93 crore in the corresponding quarter of the last year, the Aditya Birla Group company said on January 21. While the profit missed estimates, revenue was higher than expected. According to a brokerage poll conducted by Moneycontrol, net profit was seen at Rs 1,105.2 crore and consolidated revenue at Rs 15,191.5 crore. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Capacity utilization at India’s largest cement maker, UltraTech Cement , could touch 95 percent to 100 percent in the March quarter, company executives … [Read more...] about UltraTech expects 95-100 percent capacity utilization in fourth quarter
Everyone has the perpetual desire to earn and save money and has the expectancy to grow their money multifold. It’s a perennial search for options and one can equate the financial market to the ocean. The German linguist Heinrich Zimmer once described the ocean as “limitless and immortal, the beginning and end of all the things on earth”. Equivalently the financial market has never been run short of investment options or investment possibilities. Hence, the plethora of options for making money grows for future purposes, and people are caught in the middle of what options might be the better choice to get a Fixed return for a shorter or longer duration. As the ocean has the biggest fish, the finance market has the FD (Fixed Deposit) which has been predominantly trusted by investors. There are other better yield instrument options available, yet those instruments lack adequate trust among investors. Lately, equity, mutual funds, PPF, crypto, and Government bonds have become the … [Read more...] about Why are NCD IPOs important to invest in?