TREES
Ujjivan Financial Services, Fino Finance, other NBFCs surrender licenses
Nine non-banking finance companies, including Ujjivan Financial Services and Fino Finance, have given up their licenses for various reasons, such as Ujjivan becoming a legal entity after merging with Ujjivan Small Finance Bank and Fino exiting the NBFC business. Four lesser-known entities did the same, Allegro Holdings, Temple Trees Impex & Investment, Hem Financial Services surrendered their licenses as they met the criteria for unregistered Core Investment Company (CIC) status.
Hotel stocks in focus; Lemon Tree, India Hotels could give 9-20% return in next 1 year
India's hospitality sector sees robust growth with increasing demand for branded rooms, particularly in urban hubs and the luxury segment. Growth is sustained by infrastructure development and rising business travel, reflected in increased RevPAR and corporate rate hikes.
Heatwaves burn a hole in hotels' revenue growth
Heatwave conditions and the seasonality of the hotel business impacted revenue growth in May 2024, with average revenue per available room growing only 2-3% year-on-year. Despite air passenger traffic rising 4.4%, occupancy rates remained flat at 60%. High temperatures affected leisure destinations, while business hotel demand recovered in major cities. Analysts expect similar trends in June and muted booking growth for the quarter.
Karma on Her Sleeve
The analysis of Taylor Swift's song 'Karma' delves into the intricate dynamics of creative expression, poetic license, and public reception in the music realm, highlighting the evolving discourse on incorporating philosophical themes in popular music.
Finding compassion
We must look at one another with an understanding heart through all our vulnerabilities and weaknesses. That is humanity's essence; humanness is acting in a moment of compassion.
"Delhi Govt takes firm stand," says Environment Ministry after SC reprimands over illegal trees cut
After the Supreme Court reprimanded the Delhi government for the illegal felling of 1,100 trees in South Delhi's Reserve Forest Area without permission, Environment Minister Gopal Rai demanded an urgent report from the Forest Department. An NGO's petition highlighted the unauthorized tree cutting by the Delhi Development Authority (DDA), which only sought permission post facto. The Supreme Court issued a notice to the Delhi government, demanding explanations for permitting the tree felling and for the Forest Department's inaction.
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SC directs Delhi govt, civic agencies to convene meet to discuss ways to increase city's green cover
The Supreme Court closely monitors tree felling in Delhi, demanding accountability and tree planting for unauthorized actions, emphasizing the need to protect the city's green cover.
Expect improvement in occupancy vis-a-vis the previous year from Q2: Patanjali G Keswani, Lemon Tree Hotels
While you can say that in spite of heat it was decent performance, I am looking at trend lines and I expect the catch up will happen really from Q2 when there will be improvements vis-a-vis the previous year in occupancy.
Don't miss the tree for the woods
That is also a point to ponder: why do we plant trees? Like ancient emperors used to plant them to offer shade to "weary travellers", did we plant them in recent decades to give respite to cars, two-wheelers, cats, dogs, fruitwalas, presswalas and chowkidar cabins from the scorching sun? Or something more?
Buy Lemon Tree Hotels, target price Rs 175: Motilal Oswal
Lemon Tree Hotels Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2023.
Over 94 organisms have light-emitting ability of bioluminescence, but scientists don't know why
A study by marine biologists reveals insights into bioluminescence, with focus on octocorals. These soft-bodied corals possess the ability to produce light through internal chemical reactions. Despite its widespread occurrence, the origins and original function of bioluminescence remains unknown.
Wall Street Week Ahead: Retail stocks search for direction as rates stay high
Elevated U.S. interest rates are impacting the U.S. retail sector, with some stocks soaring while others struggle. The S&P 500 Consumer Discretionary index is up 14%, driven by select stocks, like , which is up 21%. However, lower-income focused companies, like Dollar Tree and Dollar General, have faced declines.
Space Elevator to be ready by 2050. Press a button and you are in space. Details here
A Japanese company is developing a space elevator to take tourists into space in an elevator at the press of a button. This project will be ready by 2050.
Protect the environment
The drawbacks of a polluted environment include a decline in the pure, cool qualities of the oceans and lakes, leading to the creatures dwelling in those places being disturbed.
World Environment Day 2024: Wishes, quotes, messages to share with your friends
World Environment Day (Google Trends) World Environment Day is a special occasion to come together and appreciate the natural beauty of our planet. It’s a day to reflect on how we can protect and preserve the environment for future generations. Here are some heartfelt wishes, quotes, and messages to share with your friends, encouraging them to join you in making a positive impact on our world.
Bloodbath on Street: Tata Tech among 353 stocks at 52-week lows, crash up to 20%
Veritas Advertising and Bodhi Tree Multimedia topped the list with each falling 20% to Rs 170.30 and Rs 11.7, respectively, to hit their new 52-week lows.
Buy Lemon Tree Hotels, target price Rs 175: Motilal Oswal
Lemon Tree Hotels Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 11127.10 Crore) operating in Tourism & Hospitality sector.
Should Joe Biden downplay his own success?
"People telling Biden to downplay the fact that his big spending has worked out well for the economy are to some degree revealing their own ideological biases rather than giving solid political advice."
Investors pour into India ETFs ahead of election result
Investors poured money into Indian company stocks ETFs ahead of Modi's predicted third-term win based on exit polls. India saw the largest inflow with $307.5 million, led by iShares MSCI India ETF. Market experts like Ashish Chugh from Loomis Sayles anticipate pro-growth policies under Modi's leadership.
The Court of Conscience
The court of conscience supersedes all other courts, as it is the ultimate arbiter of right and wrong, guiding individuals to make ethical decisions and holding them accountable.
South West monsoon intensifies in Kerala; likely to arrive in MP by June 15
Widespread rains triggered landslides, uprooted trees, and caused waterlogging in Kerala following an early onset of the Southwest Monsoon. Several areas, including Kottayam, Idukki, and Ernakulam, experienced intense downpours. No casualties were reported, but damage occurred to houses and vehicles. The monsoon is expected to reach Madhya Pradesh by June 15.
Lemon Tree Hotels shares surge over 6% after Q4 profit jumps 42% YoY
Lemon Tree Hotels saw its shares soar by 6.4% to reach a day's high of Rs 147.4 in Thursday's trading on the BSE. This surge followed the company's announcement of a profit after tax (PAT) of Rs 83.9 crore in the March quarter of FY24, marking a 42% year-on-year (YoY) rise from Rs 59 crore recorded during the corresponding period the previous year.
WisdomTree to list crypto products on London Stock Exchange
Britain's financial regulator has approved WisdomTree's bid to list exchange-traded products (ETPs) backed by cryptocurrencies bitcoin and ether on the London Stock Exchange, the asset manager said on Wednesday ahead of an expected launch this month.
The mystique of trees
Tall trees symbolize life, knowledge, sustenance, and interconnectedness. Kalpavriksh emerges during Samudra Manthan. The Tree of Life symbolizes immortality. Native American tradition views trees as divine connectors. The Gita mentions the inverted tree, and Ompal Sansanwal's art depicts various tree shapes. The inverted tree in Gita represents the Divine essence and the manifest world.
More than 50 lakh large farmland trees vanished between 2018 and 2022 in India: Study
A concerning trend in India shows over 50 lakh large farmland trees vanished from 2018 to 2022 due to altered cultivation practices, impacting agroforestry systems and promoting paddy rice fields. Researchers from the University of Copenhagen, Denmark, identified this worrying development in Nature Sustainability, confirmed by villagers in Telangana, Haryana, and Maharashtra.
Top orange juice supplier seen having worst crop in 36 years
Brazil, the leading orange juice exporter, anticipates the worst harvest in 36 years due to a heat wave. The global orange juice supply is impacted by reduced production in Brazil and Florida.
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