KARNATAKA INSTITUTE OF CRICKET
Fintechs' secure credit play; New Jersey turns IT hub
Happy Monday! Fintech companies like Cred, PhonePe and Paytm are seeking partnerships with NBFCs to enter the secured credit market. This and more in today’s ETtech Morning Dispatch.
Nosthush Kenjige: From dwelling in Bengaluru PG to star performer against Pakistan
In 2013, Nosthush Kenjige, disillusioned after failing to break into Karnataka's cricket scene despite rigorous training, returned to the US with a biotechnology degree. His passion for cricket reignited in New York, leading to his rise in the USA national team and impressive performances in Major League Cricket. Key to his journey was catching Dwayne Bravo's eye at the US Open T20. Kenjige now stars for the USA, notably taking crucial wickets in their stunning T20 World Cup victory over Pakistan.
Devdutt Padikkal: From overcoming health complications to landing a dream Test debut
After making his India debut in 2021 during a T20I against Sri Lanka, Devdutt's career graph did not go up as expected due to a COVID-19 infection and a stomach-related health complication.
One for the portfolio: 4 liquor stocks which withstood all the brunt, from sin tax to prohibition
It is not only in India, but in a large number of countries across the world, liquor is a heavily taxed business. Despite being heavily taxed, if one looks at the long term trends, it is business which grows at a certain rate irrespective of all headwinds. In India, liquor is a state subject and many state governments publicly say they don't want to grow, but if one looks at their revenue collection numbers it is clear they cannot stay without it. Despite all the headwinds, what is that which makes them grow?
You might contribute to their topline this evening; 4 liquor stocks which bear all brunt, from sin tax to prohibition
Couple of weeks back, there was a news report about Karnataka raising excise duty on liquor which made some stocks witness a sharp decline. It was not the first time that in order to raise resources any state government has raised taxes. As the election season approaches, we might see some other states also doing the same. But sometimes, these developments are just short term sentiment dampeners but don't affect long term business, rather they provide an opportunity for both traders and long term investors.
For risk takers: 5 smallcaps with right mix of ROE and ROCE can rise up to 44%
Even when nifty has been correcting, the participation in the small cap segment high and breadth is better in most of the trading sessions. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks from small cap space with high upside potential over the next 12 months, having an average recommendation rating of “Buy” or "Strong Buy" and also meeting parameters like net margins and return on equity.
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Liquor stocks: From sin tax to prohibition, only some can weather it all
It is not only in India, but in a large number of countries across the world, liquor is a heavily taxed business. Who has survived, one big factor in this business is the establishment of the brand. History is filled with examples, where companies have gone down because they invested too much in brands that did not do well, however they still survived for another day to launch a brand.
You might contribute to their topline this evening; 4 liquor stocks which bear all brunt, from sin tax to prohibition
On Friday the news of Karnataka raising excise duty on liquor made some stocks witness a sharp decline. It is not the first time that in order to raise resources any state government has raised taxes. But sometimes, such events are just short term sentiment dampeners but don't affect long term business.
Bengaluru techie, who lost Rs 70 lakh in online gambling, reunites with wife after de-addiction therapy
Last year, his wife discovered his online gambling habit and later also found that he had lost Rs 70 lakh of his savings. She, along their two kids, left his Bengaluru home.
Liquor stocks weather it all: From sin tax to prohibition and many times attack from bears on the Street
Liquor is one of the most taxed businesses in the country. A bottle of a particular brand which cost Rs 400 in one state may cost as much as Rs 1200 in another. State governments don't want to lose their power to tax liquor business. Another big factor in this business is the establishment of the brand. History is filled with examples, where companies have gone down because they invested too much in brands that did not do well, however they still survived for another day to launch a brand.
Roger Binny to replace Ganguly as BCCI president, Jay Shah will continue as secretary, says BCCI sources
Roger Binny, the 1983 World Cup champion for India, will succeed Sourav Ganguly as BCCI President at the Board's annual meeting on October 18. Ganguly held the role for three years.
Bengaluru institute exports ‘open-source Aadhaar’; GoM suggests 28% GST only on betting component
The programme is backed by the Bill and Melinda Gates Foundation (BGMF), Tata Trusts, Norad, and Omidyar Network, which have cumulatively provided Rs 150 crore in funding.
Why inoculating all 18+ Indians fully against Covid-19 by December remains a huge challenge
Vaccine supply was smooth over the last two months, with the Centre informing the state in advance how many doses it would get per week and per month. The state targets to give the second dose to every citizen by November 30, a month ahead of the national target.
Haryana shuns, Karnataka funds
In today's ETtech Morning Dispatch newsletter: Gurugram could soon face a mass startup exodus due to a recent policy while Karnataka could setup a Rs 100 crore startup fund. Also, Groww is the latest member to India's startup unicorn club.
With her 20-run cameo against Bangladesh, Veda Krishnamurthy underlined her importance
Krishnamuthy’s second go-to shot complements her first one perfectly. If Plan A is problematic, because that gap has been sealed, Krishnamurthy sets about manipulating the field, moving across her stumps to play the sweep. She can roll the wrists to keep the ball down or go flat and hard when the field is up.
Naidu asks govt to look into issue of universities advt for teaching posts without reservation
The government had in March promulgated an ordinance restoring the old system of reserving teaching posts in public institutions of higher education.
Sunil Gavaskar has some suggestions for the IPL management that he believes would benefit cricket in India
The question now is can the IPL benefits extend to more people who may or may not be directly involved in Indian cricket?
Ex-India U-19 star. Software engineer. US cricket captain
The six-foot-tall left-arm seamer was India’s highest wicket-taker in the team’s ill-fated U-19 World Cup campaign in 2010.
Centre will face Tamil Nadu wrath if it fails to set up Cauvery Management Board: Rajinikanth
"The Cauvery Management Board should be formed as soon as possible. If the Centre does not do that, it may face the wrath of entire Tamil Nadu", he cautioned.
Bengaluru's 136-year-old Central College batted for many sociopolitical causes
College is also the birthplace of modernist literature and cricket in state.
This 100-year-old National High School in Bengaluru was a child of freedom struggle
The school was set up by Dr Annie Besant when she was the president of the Indian National Congress.
Chefs and researchers incorporate insects, protein powerhouses into mainstream diet
The UN has been making a case for using insects as food for a very long time, with the Food and Agriculture Organisation working on the topic since 2003.
The Supreme Court has merely enforced what it had already stated on July 18
The Supreme Court has merely enforced what it had already stated on July 18. And one must say that the BCCI by doing what it has over the last six months has only brought it upon itself.
The best way is to make mistakes and learn: Priyank Kharge
"I didn’t lobby for anything nor did I ask for anything. Getting this opportunity is itself a big thing."
Make Bengaluru a global sport hub: Rahul Dravid, Prakash Padukone
Dravid and Padukone cochaired a task group formed by the KKC, the state's policy think tank, to prepare the Karnataka State Sports Policy .
How Bengaluru's cricket coaches use technology to help emerging talents
Bengaluru, the country's tech capital, has always had a great cricketing culture. Of late, technology has taken centre stage even in the coaching.
Bengaluru becomes a sports startup capital too
While Delhi and Mumbai have the natural advantage of being the national and commercial capitals respectively , Bengaluru has the upper hand in other areas.
Crucial BCCI meet to find new pathway in IPL case
"Having come to know the nature of allegations, we cannot close our eyes," the bench said, adding that it is concerned about the game of cricket.
To get employees to move in a same direction is a challenge: Rajiv Anand, Axis Bank
Anand, the 48-year-old chartered accountant, faces a formidable task of ramping up Axis Bank’s retail business when the competition is set to heat up.
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