Running a family office

Thangamayil Jewellery Ltd posted healthy earnings growth in Q3FY23. PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Highlights: Healthy earnings growth in Q3FY23 Demand scenario strong Store expansion to continue Expect improvement in margins Thangamayil Jewellery Ltd (TMJL; CMP: Rs 1,075; Market cap: Rs 1,475 crore) posted healthy earnings growth in Q3FY23. A strong consumer demand led to good growth while the company also maintained margins. According to the company, the demand scenario remains strong despite a surge in gold prices, which have risen about 15 percent in the past three months. TMJL would continue its store network expansion and further strengthen its... … [Read more...] about Thangamayil Jewellery: Shining opportunity in the long run

Westlife Development (Image: westlife.co.in) Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Shares of  Westlife Foodworld gained over 4% on January 24 intraday after the company announced the appointment of Saurabh Bhudolia as its chief financial officer (CFO) . Saurabh is a chartered accountant (CA) with experience of over 15 years across manufacturing in India, New Zealand, and Singapore (steel, FMCG, beverage, and retail), the company said in a statement to the stock exchanges. Over the years, his areas of expertise have included accounting, budgeting, costing, treasury, taxation, project finance, financial reporting, business partnering, mergers and acquisitions, industrial relations, and funding. To ensure the company's financial success, Saurabh will oversee all aspects of financial management and strategy. His new … [Read more...] about Westlife Foodworld appoints Saurabh Bhudolia as CFO; stock gains

Personal loans are great instruments to help you cope with unforeseen financial emergencies. Nowadays, getting online personal loan approval is easy, as the lender sanctions the loan to the borrower in just a few hours. However, the criteria for personal loan eligibility varies from person to person and depends on the past repayment record as it is an unsecured loan. Similarly, a successful settlement boosts your credit score and significantly improves your creditworthiness for further emergency loans. Continue reading to know the various factors that affect loan approval in 2023. 9 Personal Habits for Easy Loan Approval in India To ensure that you receive personal loan deals at attractive interest rates in future, keep the following principles in mind: 1. Keep a Short Repayment Period Read More Most people take EMI payments of personal loans very casually as they do not have anything at stake. Unfortunately, such behaviour leads to progressive interest accrual … [Read more...] about Factors That Decide Your Instant Personal Loan Approval in 2023

Representative Image Reliance Power on Saturday said its consolidated net loss widened to Rs 291.54 crore in the December 2022 quarter. The company's consolidated net loss was Rs 97.22 crore in the quarter ended December 2021, a BSE filing showed. The total expenses rose to Rs 2,126.33 crore in the quarter from Rs 1,900.05 crore in the year-ago period. Its total income stood at Rs 1,936.29 crore in the quarter against 1,858.93 crore a year ago. The company made a debt repayment of Rs 178 crore in the quarter, and its debt-equity ratio stood at 2.03:1. Read More It reported a net worth of Rs 11,219 crore. It has an operating portfolio of 5,945 MW. The Board of Directors, at its meeting held on Saturday, has appointed Ashok Kumar Pal as the Chief Financial Officer (CFO) of the company from January 29, 2023. Pal is a qualified Chartered Accountant with extensive hands-on experience of over 22 years. He has an established record of success in finance, … [Read more...] about RPower loss widens to Rs 291 crore in Q3

Nykaa stated that currently, P Ganesh is CFO at TAFE Group.(Representative image) Nykaa, which is operated by its listed parent company FSN E-Commerce Ventures , on January 23 said that it has appointed P Ganesh as the company's chief financial officer (CFO) with effect from February 3, 2023. Currently, he is CFO at TAFE Group. Prior to TAFE, he has held leadership roles in India and overseas with the Godrej Group, Glenmark Pharma and Pidilite. As per the company's regulatory filing, P Ganesh is a Chartered Accountant, Cost and Management Accountant and Company Secretary and has over 27 years of "rich industry experience in domestic and international markets." Commenting on the appointment,  Falguni Nayar, Founder and CEO, Nykaa, said, “We are pleased to welcome Ganesh to our leadership team and be part of Nykaa’s growth story that will benefit from his rich financial experience. His knowledge about the Indian financial market and insights into International markets will … [Read more...] about Nykaa appoints P Ganesh as CFO effective February 3

TCE is one of Europe’s leading producers of sodium carbonate, salt and sodium bicarbonate (Representative image) Tata Chemicals Europe (TCE) and Vertex Hydrogen have signed an offtake agreement for the supply of over 200 megawatts of low carbon hydrogen, according to a press release on January 26. Under the new pact, Vertex will supply TCE with hydrogen as the chemicals manufacturer continues to decarbonise its operations in the UK with a target of achieving “net zero” manufacturing by 2030. “We have been supporters of Vertex and the low carbon hydrogen segment as a real opportunity to further reduce emissions at our world class CHP facility," TCE Managing Director Martin Ashcroft said. Also Read | Essar Oil UK inks offtake deal with Vertex Hydrogen Vertex Chief Executive Officer Joe Seifert said the company is "thrilled to sign these heads of terms with Tata Chemicals Europe, as an industry leader driving tangible change to reduce emissions". Read More … [Read more...] about Tata Chemicals Europe inks pact with Vertex for low carbon hydrogen supply

Representative image A top India-centric American business advocacy group, in collaboration with various US government agencies and a prestigious university, has announced an alliance to increase the number of women in STEM education and the workforce in India. The launch of the US-India Alliance for Women's Economic Empowerment STEM Collaborative was announced by Mukesh Aghi, president and CEO of the US-India Strategic and Partnership Forum during the US-India Alliance Shatter Summit. "India and the US tech synergy is well evinced in India being an IT powerhouse and the US having the most robust tech economy. However, there is still a lacuna in the number of male and female STEM graduates," Aghi said. "For India to unleash its full potential, there needs to be a concerted effort to get more young girls and women in STEM (science, technology, engineering and maths)," he said. The US-India Alliance for Women's Economic Empowerment is a public-private partnership between … [Read more...] about Alliance launched to increase number of women in STEM education, workforce in India

DLF Realty major DLF Ltd plans to launch a luxury housing project in Gurugram next month with an estimated sales revenue of around Rs 7,500 crore as it seeks to tap strong demand for high-end apartments. The company plans to develop around 1,100 apartments in this residential project, DLF Group Executive Director and Chief Business Officer Aakash Ohri told PTI. "We are planning to launch next month a premium residential project in Sector 63 Gurugram. The estimated sales realisation of this project will be around Rs 7,500 crore," he said. "Demand for real estate across various price points is very strong, especially for products offered by trusted developers," Ohri said. DLF, the country's largest real estate firm in terms of market capitalisation, achieved a 45 per cent growth in sales bookings to Rs 6,599 crore in April-December period of this fiscal and is on track to achieve its annual sales guidance of Rs 8,000 crore. Read More DLF's sales bookings … [Read more...] about DLF plans to launch in February Rs 7500 crore worth premium housing project in Gurugram

Baroda BNP Paribas Mutual Fund started operations on March 14 as Baroda Asset Management Company and BNP Paribas Asset Management Company’s merger finally came through after more than two years. PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Highlights Strong earnings in Q3 FY23 AUM growth led by organic as well as inorganic growth Acquired mutual fund assets of iFast during the quarter Product mix improves further in favour of equity assets Superior business model Valuation rich The stock of Prudent Corporate Advisory Services (CMP: Rs 1,005; Mcap: Rs 4,162 crore) had a great run on the bourses since its listing last year in May.  The mutual fund distributor’s stock has more than doubled in the last 6 months and is up 62 percent... … [Read more...] about Why is this mutual fund distributor buzzing on bourses since its listing in May last year?

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