Union Minister Ravi Shankar Prasad came in for sharp criticism when he pointed to the box-office collections of some films to say the economy was doing fine. But there is one stock, with strong links to films, which has indeed beaten the odds.Consumer spending declined for the first time in 2019 in four decades but shares of specialty retail player INOX Leisure have jumped more than 47 percent on BSE, as of December 9 close. The equity benchmark Sensex has gained more than 12 percent in the same period.Stocks outperforming the market benchmark is not an unusual phenomenon, but what makes INOX Leisure's rise special is that it brushed aside the slump in consumer spending.Close Brokerages are bullish on INOX’s aggressive expansion strategy, focus on premiumisation and ramp-up of margin-accretive segments. related news Broker default – Only a strong deterrent can plug the gap Aramco IPO: Shares indicated up 10% from IPO price ahead of debut The stock is trading at … [Read more...] about This multiplex stock jumped 47% in 2019 despite slump in consumer spending
Zero worldwide box office
Ammu Joseph “Does he have to rape me for you to act?” asked the headline of a first-person account on the front page of Deccan Herald on December 5, exactly a week from the day the burnt body of a 26-year-old veterinary doctor was discovered on the outskirts of Hyderabad.The young, Bengaluru-based journalist described a frightening experience with a stalker on her way home from work, both office and residence located in the city’s reasonably well-lit and busy Central Business District. Although it was just past 9 PM and lots of people were around, she wrote, they “saw everything but chose to remain quiet”, even when she finally shouted at the man who had been harassing her ever since she had left the Metro station.Close On December 6, we woke up to the shocking news of the extrajudicial killing of all four men detained as prime suspects in the gang-rape and murder of the veterinarian. Equally, if not more, appalling was the enthusiastic approval and … [Read more...] about Society | Is outrage about sexual assault the flip side of indifference?
Hetal DalalRecent failures have given enough reason to believe that directors need to have greater awareness of their fiduciary responsibilities. Of the recent failures — several on account of corporate governance lapses — had boards with well-established directors that failed in executing their fiduciary responsibilities. The IL&FS and CG Power are cases that come quick to mind. Leave aside abject failures, but governance practices in well-established companies also raise questions on the role of independent directors.That shareholders have to vote against remuneration resolutions or stock option schemes raises questions on whether the nomination and remuneration committee (NRC) has used objective benchmarks to decide executive compensation. Whistle-blower letters that go directly to the regulator rather than through the company’s own policy and process are, to some extent, a reflection of the trust commanded by the company’s board and leadership. Related … [Read more...] about Policy | Independent directors need training, not eligibility criteria