In prior discussions about smart cities, including the global rankings I published on Co.Exist a few weeks ago, I believe many of us have under-emphasized the importance of cities in creating an enabling environment for emerging technology companies. advertisement advertisement This was a key issue addressed at the first-ever Cities Summit held in Vancouver earlier this month. Mayors of 35 cities around the world joined with executives and consultants in an intense day and a half of panels discussing open cities, digital cities, urban laboratories, smart-city financing, and startup cities. One of the most interesting conversations was about “Startup Cities.” Nanci Klein of San Jose spoke about the five different industrial areas that the city is promoting, as well as the role of the city in supporting the local startup community. One of San Jose’s early insights was addressing the bureaucratic hurdles in their procurement process by creating a demonstration … [Read more...] about How Can You Build A Smart City?
Needs on sustainable development
Reported Consolidated quarterly numbers for Kolte-Patil Developers are:Net Sales at Rs 191.89 crore in September 2019 down 9.07% from Rs. 211.04 crore in September 2018.Quarterly Net Loss at Rs. 13.97 crore in September 2019 down 236.96% from Rs. 10.20 crore in September 2018.Close EBITDA stands at Rs. 35.35 crore in September 2019 down 21.15% from Rs. 44.83 crore in September 2018.Kolte-Patil shares closed at 270.10 on November 08, 2019 (NSE) and has given 23.73% returns over the last 6 months and 14.50% over the last 12 months.Kolte-Patil DevelopersConsolidated Quarterly Resultsin Rs. Cr.Sep'19Jun'19Sep'18Net Sales/Income from operations191.89585.68211.04Other Operating Income------Total Income From Operations191.89585.68211.04EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods------Increase/Decrease in Stocks------Power & Fuel------Employees Cost14.8715.0213.74Depreciation4.774.693.79Excise Duty------Admin. And Selling Expenses------R & D … [Read more...] about Kolte-Patil Consolidated September 2019 Net Sales at Rs 191.89 crore, down 9.07% Y-o-Y
The Reserve Bank of India (RBI) has decided to finally fall in line with what the bond markets were suggesting by increasing its repo rate to align with market rates after a prolonged pause. All members of the Monetary Policy Committee (MPC) voted in favour of the rate hike.RBI hiked repo rate by 25 basis points to 6.25 percent and reverse repo to 6 percent.Following are the key highlights of the MPC policy:Maintains neutral stance: MPC has maintained its neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 percent.Inflation revised upwards: MPC has projected CPI inflation for 2018-19 to 4.8-4.9 percent in H1 and 4.7 percent in H2, including the HRA impact for central government employees, with a possibility of upside risk. Excluding the impact of HRA revisions, CPI inflation is projected at 4.6 percent in H1 and 4.7 percent in H2. The policy in April had kept the CPI inflation in the range … [Read more...] about RBI announces 25 bps hike in repo rate; 10 key takeaways from RBI policy
Shishir AsthanaMotivational speaker Gabrielle Bernstein often points out in her lectures that to allow your passion to become your purpose will one day become your profession. The driving force of anything that has ever been achieved is the passion that drove the men and women behind it to achieve what was once considered impossible.Passion for trading is Junaid Shaikh’s credo. A mechanical engineer with an MBA in IT, Junaid’s infatuation for trading began when he heard his batchmates from finance stream talk about the markets and the potential of making money.Close Though Junaid worked as an IT manager with a renowned insurance company, his heart was in the markets. His love for markets saw him interacting with experts in finance and treasury division in his company. It was his passion for the markets and the hard work behind it that resulted in Junaid now running a trading desk and managing family money ahead of any of his more experienced peers. related news … [Read more...] about Weekend Special | A consistent trader who designed his tools of trade
In his book ‘Poor Charlie’s Almanack’ legendary investor and author Charlie Munger writes ‘spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day- if you live long enough- like most people, you will get out of life what you deserve.’Independent investor and investing coach Vishal Khandelwal lives by these words. An analyst who quit his job at the age of 34 to focus on teaching the Aam Aadmi the art and science of investing. Safal Niveshak, Hindi for successful investor, has been his platform where he gives online training on investing. A prolific writer, Vishal spends 75 percent of his waking time in reading and learning.Vishal does not like to speak about his stock picks and the returns his investment has generated. The fact that he has been able to come out of a job by taking care of all his liabilities gives an insight that he has done well for himself.Close Vishal is known more as a teacher of … [Read more...] about The analyst who quit his job to be a teacher and a ‘Safal Niveshak’