In the recent rally on the bourses, majority of building material stocks seem priced-in and in some cases expensively valued. Century Plyboards (CPBI) however provides a rare combo of compelling valuations (14.4x FY22E earnings) amid sharp improvement in its fundamentals – impressive strengthening of balance sheet in FY20 with sharply improved CFO and significant debt repayment. … [Read more...] about Buy Century Plyboards; target of Rs 198: ICICI Securities
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The COVID-19 pandemic not only disrupted launch schedules of new cars but also the production plans of manufacturers. Since then, through trial-and-error methods, carmakers are looking to get back on their feet. From zero sales in April, the industry made a noteworthy jump in sales in June. But how much of the gain comes from actual retail demand? In today’s auto wrap of the week, we take a look at this aspect. But first here is a detailed look at what made headlines in the auto space this week. … [Read more...] about This week in Auto: Has real demand picked up?
The Realme 6 features Gorilla Glass 3 on the front, while the Poco M2 Pro gets the superior Gorilla Glass 5 on the front and back. Both phones feature a plastic frame, which is not surprising at this price. Both devices also feature a glossy and reflective finish on the back. We’d suggest opting for the Two Shades of Black colour option for the Poco M2 Pro as the Green and Greener seemed particularly flashy in our view. Another difference in design between the two phones is in the camera department. … [Read more...] about Poco M2 Pro vs Realme 6: Which is the best smartphone under Rs 15,000?
Unless the economy turned around quickly or we did something drastic, we’d be out of business in four to five months. We cut all nonessential expenses but still had to make up an $800,000 a month shortfall. Facing similar realities, several of our competitors began raising fees and laying off employees, but we wanted to avoid that because it would have gone against our values as a company. Our mission has always been to help independent businesses compete. Raising prices on them when they were already hurting would have been a betrayal of that mission. Laying off staff would have also hurt our clients while simultaneously jeopardizing the welfare of our employees and their families. … [Read more...] about I’m a tech CEO. Here’s why I’m not taking a salary during COVID-19
If you decide to move to local market pay rates for distributed employees, you don’t need to do it all at once. Not everyone has to take the plunge like Facebook. Instead, you may decide to align newly remote employees to local target rates as part of the next several raise/review cycles. New hires can be hired at rates appropriate to their location, while current employee rates are adjusted over time to reduce shock to their pocketbooks. This process can take a few years to work through changes, so prepare to revisit this over the next several comp cycles. … [Read more...] about The work-from-anywhere era changes everything about compensation