HETAL
MSME Day: Solutions to empower small enterprises amidst challenges
Ratnaafin and The Economic Times hosted the MSME Growth Conclave, emphasizing MSMEs' impact on Gujarat's economy. Topics included financial vigilance, credit scores, venture capital, compliance, women's entrepreneurship, infrastructure, and financial support from NBFCs. Key points were maintaining good CIBIL scores, honoring cheques, and leveraging digital banking for MSME growth.
Accumulate Chalet Hotels Ltd., target price Rs 850: Emkay Global Financial Services
We cut FY25E/26E EBITDA by 1.6%/4.2% on margin miss. We maintain our ADD recommendation on Chalet, with SOTP-based TP of Rs850/share vs. Rs900/share earlier (SOTPbased Mar-26E EV/EBITDA of 20.5x for hotels and of 16x for rental assets).
Buy Aarti Industries, target price Rs 800: Emkay Global Financial Services
Emkay Global Financial Services recommends buying Aarti Industries at a target price of Rs 800. Investment Rationale highlights EBITDA performance and guidance for FY25.
In India, there’s an app for everything, even dream babies
Startups big and small are offering apps that combine traditional prenatal and postnatal guidance with scientific research, weaving in wellness practices and dietary plans, as well as daily developmental activities like yoga, meditation, art, story reading and lullabies.
Almost 50% of Nifty 50 CEOs, MDs earn over Rs 20 crore a year
A study by Deloitte reveals that 46% of chief executives/managing directors at Nifty-50 companies earned over Rs 20 crore in FY23, compared to 27% five years ago. The study also found that half of the promoter-incumbents earned more than Rs 20 crore in FY23, compared to 33% in FY18. The study analysed 41 of the Nifty 50 companies and found that compensation to CEOs/MDs has grown 12% annually over the last five years.
Bridge and Roof Company chairman's executive secy, 6 others, arrested by CBI in Rs 20 lakh bribe case
The CBI has arrested the Executive Secretary to the CMD of Bridge and Roof Company (India) Ltd and six others for allegedly accepting a bribe of Rs 20 lakh to favor a Gujarat-based company for a tender in Odisha. The arrested individuals include the Executive Secretary, the proprietor of a private company, and five other private persons.
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Indian IT firm Nutec Infotech empowers global companies with exceptional ERP solutions
Corporate Munim, a flagship product of Nutec Infotech, has garnered significant demand in more than 15 countries. Read to know more.
Buy Syrma SGS Technology, target price Rs 385: ICICI Securities
Syrma SGS Technology, incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 6069.67 Crore) operating in General sector.
Add Ami Organics, target price Rs 1248: HDFC Securities
Ami Organics, incorporated in the year 2007, is a Small Cap company (having a market cap of Rs 4141.80 Crore) operating in Chemicals sector.
Buy Aarti Industries, target price Rs 563.9 : ICICI Direct
Aarti Industries, incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 20041.04 Crore) operating in Pharmaceuticals sector.
Rakesh Jhunjhunwala's last stock pick hits upper circuit after leadership change
Singer India appoints Rakesh Khanna as MD & VC, who will replace Rajeev Bajaj
Buy Harsha Engineers International, target price Rs 430 : JM Financial
Harsha Engineers International, incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 3068.64 Crore) operating in General sector.
Power prices expected to remain firm next fiscal amid higher demand: Crisil
The demand growth would mark a decadal high rate of growth and almost double the 20-year average of 5.2 per cent, the report added. The report noted that demand growth weighed in at 7.7 per cent in February and averaged 10 per cent for the 11 months of the current fiscal despite a high base of fiscal 2022 due to extreme weather events and robust industrial and manufacturing activity.
Buy Harsha Engineers International, target price Rs 439: Prabhudas Lilladher
Harsha Engineers International, incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 3049.98 Crore) operating in General sector.
Imlie actor Shivani Rana survives near-fatal accident, shares details
Shivani Rana of Imlie met with an accident while returning from the studio. The actress is unharmed, but in shock.
Steel-makers margins to nearly double in H2 to 25 pc from H1 levels: Report
As a result, their operating margins of primary steelmakers are likely to fall to 14-16 per cent in the first half of this fiscal -- massively down from 30 per cent last fiscal, which was a decadal best -- due to high input costs, lower realisations and imposition of export duty on finished steel products, among other reasons, Crisil added.
Gujarati actress Happy Bhavsar Nayak passes away, condolences pour in
Born to artist parents, Happy Bhavsar started working as a child artist with TV serial Gunehgar and Tankha. She quickly earned fame and continued with her acting career as she worked with Saumya Joshi in HK Arts - which was a college-based theatre activity.
Double digit revenue growth to continue for IT sector, telecom to see a strong recovery in Q1FY23: Hetal Gandhi, Crisil
"Automobiles have just about reached revenues closer to the pre-pandemic levels so these are the segments where we will now start seeing momentum building up and with the opening of the multiplexes you will start seeing revenues beginning to go up. For India Inc, we are expecting close to 30% growth in revenues but a large percentage of that growth is driven by price hikes."
Zee Vs Invesco: What’s going to happen next?
“The right thing for the board to have done was to be proactive in terms of looking at what the investors want. Mind you, this is an 18% shareholder with a market of Rs 5,000 crore at stake, who is asking for the removal of a Managing Director,” says Hetal Dalal.
Solar equipment maker CubicPV set to put $350 million into local plant, eyes PLI scheme
CubicPV will apply for the production-linked incentive (PLI) scheme next month, and is confident that their wafer manufacturing technology will qualify for the government's grant.
Not rural, urban markets could support the recovery curve this time, says Crisil’s Hetal Gandhi
“We would be a little cautious on rural till we see a complete synching in of the monsoons.”
Tractor sales rally drops in April but experts hopeful of a bounce back
Tractor sales in India lost steam in April, dropping for the first time in 10 months, but experts and manufacturers said they expect a rebound after the fresh wave of Covid-19 infections subsides.
Automobile industry to see double-digit sales decline in FY21: Crisil Research
The automobile industry is headed for another year of double-digit sales decline this fiscal, Crisil said.
Electricity demand falls 24 per cent in April due to lockdown: Crisil
According to the rating agency, states with highest industrial activities, especially in the manufacturing sector, including Uttarakhand, Gujarat, Haryana, and Tamil Nadu, witnessed a 30-50 per cent decline in demand in April.
“It is time our top banks, insurance, FMCG cos are owned by Indian investors, not foreign funds”
“In India, the largest bank, insurance co, FMCG or telecom co, all are majority owned by foreign pension funds.”
Sugar millers' ebitda margins to drop 200-250 bps: Crisil
The more the gap between sugar prices and cane cost, the better is the margin for mills.
Taking flight: From Tata Power to Ministry of Coal, WeDoSky is taking drone business to new heights
The Delhi-based startup is piloting a new narrative for drones - one where it is creating real impact across a wide range of industries, from renewable energy to mining to even insurance.
Gully cricket in an ivory tower
Industry captains living in posh Mahalaxmi skyscraper channel their inner Dhoni and Sachin.
Tano Capital to invest Rs 80 crore in Shree Shubham Logistics
Tano Capital will invest Rs 80 crore for an undisclosed stake in agri-logistics service provider Shree Shubham Logistics (SSL), a unit of Kalpataru Power Transmission.
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