- Phase 3 (2014 to 2019) – Successful domestic acquisitions: Having learned from its mistakes made in the preceding phase of international acquisitions, Pidilite resumed its focus on frequently acquiring smaller domestic competitors in its core business. For example, Bluecoat has been acquired for ~Rs 260 crores (6% of FY14-19 operating cash flows) and Suparshva for an undisclosed consideration. These acquisitions have turned out to be substantially RoCE accretive for Pidilite. The firm has also deployed ~Rs 300 crores over FY14-19 (~7% of operating cash flows and ~2-3% of capital employed over this period) to acquire businesses in adjacent categories (CIPY – floor coatings; Nina and Percept – waterproofing contractors) and has formed JVs with MNCs like ICA for niche products like wood finishes. These businesses have shown significant improvement in financial performance post-acquisition. In addition to disciplined capital … [Read more...] about Saurabh Mukherjea’s investment mantra to navigate through a crisis: Part-2
Various forms of regional economic groupings
There would be a 108MP Samsung ISOCELL Bright HM1 1/1.33-inch primary sensor and a 12MP ISOCELL Fast 2L3 ultra-wide lens with a sensor size of 1/2.55-inch on the Galaxy Note 20 Ultra. The third lens will have a 13MP f/1.34 telephoto sensor with support for up to 50x zoom. There will also be a ToF 3D depth sensor next to the three sensors. … [Read more...] about Samsung Galaxy Unpacked 2020 | Here is everything you need to know about the Galaxy Note 20 series
Samsung is tipped to launch the Galaxy Note 20 series on August 5. Less than a month before the Samsung Unpacked 2020 event, the Galaxy Note 20 Ultra has been spotted in the open. Hands-on images on the Galaxy Note 20 Ultra have been leaked and confirmed by reliable tipsters. … [Read more...] about Samsung Galaxy Note 20 Ultra hands-on images leak before rumoured August 5 Unpacked event
"Escort will continue to witness stability in demand owing to government support for the agricultural sector and good monsoon. We have a positive marking on Bosch for the being the leader in the Fuel injector system in regard to the BS6 transition and Minda industries for the benefits of censor and controllers," Nair said. … [Read more...] about July auto sales signal recovery: Should you buy stocks from the sector?
Over the past decade, India’s Financial Services sector has been hammered by demonetisation, and history shows that investing in high-quality financial stocks during a crisis proves to be highly rewarding, Saurabh Mukherjea, Founder and CIO of Marcellus Investment Managers said during a podcast ‘D-Street Talk’ with Moneycontrol on his new PMS scheme “Kings of Capital”. … [Read more...] about D-Street Talk: Saurabh Mukherjea gives a low-down on how he picks winners for Kings of Capital portfolio