Famous Innovations Delhi has announced its acquisition of Adidas India social mandate. As per the company, the collaboration reinforces Famous Innovations Delhi’s reputation as a creative force with a track record of accolades and a diverse client portfolio. Talking about the mandate, Sunil Gupta, senior director – brand, Adidas, said, “We are happy to collaborate …
ONGC’s standalone EBITDAX shot up ~2x y-o-y/40% q-o-q to Rs 259 bn (slightly ahead of consensus) on the back of higher oil realisation (up 66% y-o-y/14% q-o-q), coupled with modest volumes (up 2% y-o-y/q-o-q). Oil realisation is likely to taper down amid falling crude prices on recession fears. Besides, imposition of windfall tax ($31/bbl) on …
While we continue to like Colgate as the dominant force in the oral care segment with large scale and superior economics, value creation and multiple re-rating are very sensitive to the sustained recovery in volume growth. 1) Topline growth remains subdued: With sales growth stuck in mid-to-low-single digits, volume growth has been stubbornly weak for …
By Royce Vargheese Joseph WTI Crude oil futures ended the previous week 1.4% lower and closed at $90.77 per bbl, amid increasing concerns of a global economic slowdown. Recession fears continue to exert pressure on energy markets, with Fed minutes signalling a strong commitment to bringing down inflation to the 2% target range. On top …
By Ashley Coutinho Rakesh Jhunjhunwala, 1960 – 2022 “One quality that stood out was his ability to segregate his long-term investments from the rest. He was steadfast with his long-term investments even in the face of extremely challenging market and business environments, yet very flexible with the rest,” said a veteran fund manager. His investment in …
Stock traders remained hesitant to make any huge wagers ahead of Jerome Powell’s speech on Friday, which may provide clues on how hawkish the Federal Reserve will be in the face of mounting economic challenges. After wandering aimlessly earlier Wednesday, the S&P 500 notched a small gain. For a second day in a row, its …
Jabalpur West MP Assembly Election 2023 Details: The election for Jabalpur West Assembly Constituency in Madhya Pradesh will be held on November 17 this year. The final date of voting and result were known after the formal announcement by the Election Commission of India. Here are the important details of the Jabalpur West Constituency Assembly …
By Amar Ranu Imagine you have a windfall gain of a few crores of rupees either from business or stake sale and you feel that you won’t be lucky next time and hence, you need to invest it judiciously though you are a risk taker. Calling risk taking capabilities and we don’t talk about equity, …
To facilitate rail travelers and manage the increased passenger demand on account of upcoming Chhath Puja festival, Indian Railways has scheduled a total of 4,480 trips involving 283 special trains. These special train services have been strategically designed to connect major destinations across the country. “Special Trains have been planned to connect major destinations across …
By Ashley Coutinho The securities and exchange board of India (Sebi), earlier this year, issued guidelines for companies wanting to go public and seeking exemption from inclusion of certain relative/s in the promoter group. Also Read| RBI guidance notes on credit-enhanced ratings The above diktat was issued via an email to the Association of Investment …