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Daily Dump: Making wealth with waste!

Written By komp limpulima on Kamis, 23 Oktober 2014 | 21.03

Poonam Bir Kasturi, Founder of Daily Dump, claims that a home typically in Indian city produces organic waste of half to 1.5 kilograms a day which works out to about 30 kilograms of waste a month and if composted, this waste can generate about 12 kilograms of compost every two months. She decided to bet big on it.

Poonam Bir Kasturi, Founder of Daily Dump, claims that a home typically in Indian city produces organic waste of half to 1.5 kilograms a day which works out to about 30 kilograms of waste a month and if composted, this waste can generate about 12 kilograms of compost every two months. She decided to bet big on it.

For more watch the accompanying video.


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BreatheEasy: Technology to produce fresh air

WHO has branded New Delhi, the capital of India, as the world's most polluted city and the air pollution worsens around this time of the year every single year. Young Turks' first venture comes as a breath of fresh air quite literally. Barun Aggarwal's BreatheEasy combines technology with nature to improve the indoor air quality we breathe.

The World Health Organization (WHO) has branded New Delhi, the capital of India, as the world's most polluted city and the air pollution worsens around this time of the year every single year. Young Turks' first venture comes as a breath of fresh air quite literally. Barun Aggarwal's BreatheEasy combines technology with nature to improve the indoor air quality we breathe.

For more watch the accompanying video.


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GreenCHILL: Affordable cooling system for dairy farms

Akash Agarwal co-founded New Leaf Dynamic Technologies with his father. It developed a prototype called GreenCHILL refrigerator system that uses farm waste as a source of energy targeting farmers in rural & remote areas. This solution can refrigerate 500-1000 litres a milk in one go.

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23-year-old Akash Agarwal conceptualised his start-up while still in his final year of college in the United States and co-founded New Leaf Dynamic Technologies with his father Anurag Agarwal. It developed a prototype called GreenCHILL refrigerator system that uses farm waste as a source of energy targeting farmers in rural and remote areas this solution can refrigerate 500-1000 litres a milk in one go.

For more watch the accompanying video.


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Maruti's Guj plant: LIC, MFs say awaiting shareholders meet

While LIC is the single largest minority investor in the country's largest car maker with 6.8 percent holding, mutual funds hold around 6.53 percent and domestic financial institutions hold 7.95 percent.

Domestic financial institutions led by state-owned LIC and mutual funds , who together hold
around 21.3 percent in  Maruti Suzuki , are likely to firm up their stance after the auto major's shareholders meeting next month about its plans to set up a car plant in Gujarat as a
fully-owned subsidiary of its Japanese parent.

While LIC is the single largest minority investor in the country's largest car maker with 6.8 percent holding, mutual funds hold around 6.53 percent and domestic financial institutions hold 7.95 percent.

Ever since Maruti's Japanese parent announced its plans to set up an assembly line Gujarat as its fully-owned subsidiary eight months ago, the minority investors were up in
arms, as they feared that Suzuki would later make Maruti just a contract manufacturer and not full-fledged car company. 

"We are yet to take a call on the issue," an LIC official said, and pointed out that it's too early and the company is yet to get its shareholders nod. On the other hand, mutual fund houses are divided on the issue. They feel that why should the company not set up its own plant, rather than setting up it through a subsidiary whose future is uncertain.

Maruti Suzuki will meet its shareholders at an extraordinary general body meeting next month to secure their approval for the project. The company needs to secure the
permission of at least 75 percent shareholders for the investment in the plant.

"We haven't formed an opinion on Maruti Suzuki's move to set up its trading unit in Gujarat as of now and we will take a call at the Maruti shareholders meeting early November," a senior official of LIC told PTI requesting anonymity.

When asked if the LIC will go by the recommendation of proxy advisors, the official said, "it's wrong to believe that LIC will go by the advice of proxy advisors. Let me reiterate that we are yet to form an opinion on the issue."

The mutual fund houses are confused about what will be the future of the subsidiary once its 15-year agreement ends with Maruti Suzuki.

"We don't know what will happen to the subsidiary after 15 years when its agreement with Maruti-Suzuki comes to an end," CIO of a MF house said, adding, "we are currently
evaluating the company's plans before we finally come up with our own stand on the matter." 

Maruti Suzuki stock price

On October 23, 2014, Maruti Suzuki India closed at Rs 3167.60, down Rs 14.1, or 0.44 percent. The 52-week high of the share was Rs 3195.00 and the 52-week low was Rs 1484.20.


The company's trailing 12-month (TTM) EPS was at Rs 96.45 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 32.84. The latest book value of the company is Rs 694.45 per share. At current value, the price-to-book value of the company is 4.56.


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Online Amazon shopping, Jet Air booking now easy via RuPay

RuPay debit card holders can now shop best deals on Amazon and book air tickets on Jet Airways, the Reserve Bank-promoted National Payment Corporation which issues the RuPay cards.

After Flipkart, home-grown payments gateway RuPay has tied up with Amazon and one of the largest carriers  Jet Airways . With this, the RuPay debit card holders can now shop best deals on Amazon and book air tickets on Jet Airways, the Reserve Bank-promoted National Payment Corporation which issues the RuPay cards said in a statement today.

"Acceptance on Amazon is a breakthrough for us. We are glad to offer a wider horizon to our cardholders to transact online. Also, our integration with Jet Airways will definitely
benefit our cardholders,," says NPCI managing director AP Hota said. Commenting on the tie-up, Amazon India general manager for payments Srinivas Rao said, the arrangement is in line with its strategy of offering the widest set of customers a variety of payment options that will enhance their shopping experience.

The NPCI had last week announced that it has tied up with Flipkart, Snapdeal and LIC who are among over 15,000 merchants who will be accepting the RuPay cards, which are the
homegrown alternative to foreign gateways like Visa and MasterCard. Following the tie-up Jet Airways has begun accepting RuPay cards on their site for air-ticketing, airlines' senior vice-president Gaurang Shetty said.

NPCI has already issued more than 30 million RuPay cards, which are accepted at all ATMs, and by 9.8 lakhs POS terminals and over 15000 online merchants. The domestic online retail industry, as per a Crisil report, is expected to touch Rs 50,400 crore by FY16 from Rs 1,500 crore in FY08.

According to online industry body IAMAI, travel has emerged out as the most transacted segment in the online space accounting for 60 percent of online payments. The value of
online payments for travel industry stood at Rs 50,000 crore in FY13.

Jet Airways stock price

On October 23, 2014, Jet Airways closed at Rs 234.00, up Rs 1.30, or 0.56 percent. The 52-week high of the share was Rs 357.50 and the 52-week low was Rs 203.50.


The latest book value of the company is Rs -196.11 per share. At current value, the price-to-book value of the company was -1.19.


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BSE shareholders approve merger with United Stock Exchange

Written By komp limpulima on Rabu, 22 Oktober 2014 | 21.03

The two exchanges had agreed to merge with each other in May this year. BSE held around 14.56 per cent stake in USE, which has over two dozen other shareholders.

The Bombay Stock Exchange (BSE) today said majority of its equity shareholders approved its proposed merger with United Stock Exchange of India Ltd (USE). The proposed scheme of amalgamation between USE and BSE Ltd and their respective shareholders and creditors was approved by the requisite majority of the equity shareholders of BSE in the court-convened meeting held on October 20, the exchange said in a statement here.

BSE and USE will now be filing necessary petitions before the Bombay High Court seeking its sanction to the proposed scheme. The two exchanges had agreed to merge with each other in May this year. BSE held around 14.56 per cent stake in USE, which has over two dozen other shareholders.

The Competition Commission of India (CCI) and the Securities and Exchange Board of India (SEBI) have already given their approval to the proposed scheme of amalgamation. USE received licence from SEBI on March 26, 2010, is one of the four recognised stock exchanges in the country operating specifically in the currency derivatives segment. USE represents the commitment of 26 public and private sector banks and allows trading in four currency pairs -USD-INR, EUR-INR, GBP-INR and JPY-INR USE.


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Sales momentum in white goods continues: Voltas, Whirlpool

The sales in the run-up to this Diwali has been the highest in the last few years, says Shantanu Dasgupta, Vice President, Corporate Affairs & Strategy, Whirlpool . In an interview to CNBC-TV18's Latha Venkatesh and Sonia Shenoy, Dasgupta said Onam sales were marginally below expectations, but that has been more than offset by the current rush of buyers.

He said large towns and large format stores accounted for bulk of the growth, adding that proportion of first time buyers continued to be small. On the issue of stiff competition from e-tailers, Dasgupta said 95 percent of white goods sales were still happening through traditional brick and mortar stores.

Speaking in the same discussion, Pradeep Bakshi of  Voltas said the momentum in sales seen during the June quarter has continued in the September quarter as well. In the air conditioners segment, Voltas has grown by over 20 percent, Bakshi said.

Below is verbatim transcript of the discussion:

Q: What is the sense you are getting as far as the demand this festive season is concerned? Is it as good as it was a couple of years back?

Dasgupta: It has certainly improved. The run up to this Diwali as well as sales that we are seeing this week is far more positive than we have seen over the last two-three years when the slowdown took affect in 2011. So far it is positive and we hope that even few days after Diwali we will remain to be quite buoyant.

Q: When we spoke to you it was a day before Onam and you said that people are barely looking into the shops at that time and we should checkout with you after Diwali when the festival season formally ends. Can you give us a percentage? Both Voltas and Whirlpool had a scintillating first quarter in terms of air conditioners sales which probably was because of the slightly long go monsoon but would you say that this year is 25 percent better than last year?

Dasgupta: The first quarter results were a factor of good volume growth that came in after many quarters plus the impact of price increases is a good mix. So, there were several factors there.

Coming to Onam; it wasn't that good this year but there was a bit of trepidation with respect to how Diwali would go but they are in two different areas of the country and anyway we were expecting things to improve and indeed has.

Diwali has been far more positive than Onam in August and that bodes well for the future because it suggests that things are turning around as far as growth is concerned.

Q: How good has been your festive season sale? Your second quarter and third quarter will be 25 percent better than last year. Can you give us a number?

Bakshi: Having seen first quarter well, sales also have been good, in fact industry has gained a lot, it has been a double digit growth as far as air conditioners and consumer durable categories are concerned.

Most of the categories have grown in this period because of extended summer and also festival season has been looking quite promising, in fact festival season this time also coincided Diwali with the second summer in quite a few parts of the country, in west and south part of the country. So, all in all it has been gainful for us and we have been growing in fact.

Voltas is largely into air-conditioning segment and our growth has been more than 20 percent in this quarter and in both quarters growth has been more than 20 percent, so it's been quite a fabulous Diwali and if you were to compare it with last two-three years, traction this time has been pretty good over last two-three years.

Last two years Diwali was not so great, the sales as far as air-condition business was concerned and quite a few other consumer durable products were concerned but this time its been quite good and traction has been quite healthy for us.

Whirlpool stock price

On October 22, 2014, Whirlpool of India. closed at Rs 437.90, up Rs 18.25, or 4.35 percent. The 52-week high of the share was Rs 504.80 and the 52-week low was Rs 153.55.


The company's trailing 12-month (TTM) EPS was at Rs 12.32 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 35.54. The latest book value of the company is Rs 58.33 per share. At current value, the price-to-book value of the company is 7.51.


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Aim to boost sales; margins will remain under pressure: TBZ

"We have seen an improvement in walk- ins and pent up demand is also helping," Prem Hinduja, MD, Tribhovandas Bhimji Zaveri said.

We will try to attract customer with better quality designs

Prem Hinduja

MD

TBZ

In an interview to CNBC-TV18 Prem Hinduja, MD,  Tribhovandas Bhimji Zaveri (TBZ) shared about the latest happenings in the company in the wake of ongoing festive season and the way ahead.

He said that consumer sentiment has improved and the company has seen double-digit sales growth on last two auspicious occasions of Dusshera and Dhanteras. "We have seen an improvement in walk- ins and pent up demand is also helping," he added.

TBZ aims to boost sales and is likely to focus on discounts and special offers going ahead, he said. However, margins are likely to remain under pressure on account of this.

Also Read: Will expand after consumer sentiment improves, says TBZ

Below is the verbatim transcript of Prem Hinduja's interview to CNBC-TV18's Latha Venkatesh and Reema Tendulkar

Latha: Just tell us how the sales have been this weeding season?

A: I can only tell you that there has been an improvement in the overall consumer sentiment. We started with the improvement in the economy and stable government at the centre. The walk-ins have improved. There was lot of pent up demand which had built up in the system which needs to come out and which we have witnessed over last two auspicious occasions which took place very recently. One was Dussehra and the other was Guru Pushya Nakshatra last week.

We witnessed a double digit sales growth on year-on-year basis as compared to last year. Combined with the fact that there is a lot of pent-up demand which needs to come out and which is coming out, there is also stability in the gold price. Infact we have seen a price correction in dollar terms is almost about 30 percent as compared to last year. In rupee terms it is almost about 18 percent as compared to last year. So we are quite hopeful of a good growth this quarter as compared to last quarter of last year.

Latha: But you are also giving a lot of discounts on making charges, will your margins suffer?

A: We do expect a good amount of demand coming up and we are not unduly worried about the discount which we are offering on the making charges of both gold and diamond jewellery.

Reema: In the previous quarter your gross margins on both gold as well as studded jewellery declined so on gold I believe it stands 8.4 percent and on diamonds at 32.7 percent. Do you expect the pressure on your gross margins to sustain?

A: To add a word of caution although we are seeing improved walk-ins coming in, the consumer sentiment having improved but that is happening slowly and steadily. So the margins will remain under pressure. I cannot put a finger on a certain percentage as to what it will be for FY15 but they will always remain under pressure because the endeavour of the company or for any company would be to have growth which can come through increased sales. To achieve that increased sales at some point of time one has to offer discount or promotion schemes which do put pressure on the margin so be it.

As I mentioned there is also competition all around and if everybody else is going tactical in offering discounts. We cannot remain in isolation although we are very much design focused and we are quite sure that the customer who come to us they do not come to us just because we are offering them discounts, they come to us more because of trust factor and also the variety of designs which we offer them. We are all hopeful but at the same time yes I would say that we take it with a pinch of salt that margins will not be something extraordinary, they will remain under pressure for some more time to come.

Tribhovandas stock price

On October 22, 2014, Tribhovandas Bhimji Zaveri closed at Rs 163.90, up Rs 3.45, or 2.15 percent. The 52-week high of the share was Rs 222.80 and the 52-week low was Rs 122.30.


The company's trailing 12-month (TTM) EPS was at Rs 5.22 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 31.4. The latest book value of the company is Rs 67.10 per share. At current value, the price-to-book value of the company is 2.44.


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HCL Tech bags multi-million dollar IT deal from De Beers

Leveraging its Enterprise of Future (EoF) offering, HCL will deliver end-to-end solutions including data centre operations, multi-lingual service desk, LAN management, security services, service management including tools, desk side support and project services to transform De Beers' IT infrastructure across the globe, it said in a statement.

Country's fourth largest software services firm  HCL Technologies has bagged a multi-million dollar IT infrastructure transformation deal from the De Beers Group of Companies, the world's leading diamond business, the company said today.

Leveraging its Enterprise of Future (EoF) offering, HCL will deliver end-to-end solutions including data centre operations, multi-lingual service desk, LAN management, security services, service management including tools, desk side support and project services to transform De Beers' IT infrastructure across the globe, it said in a statement.

HCL already manages the IT Infrastructure of Anglo American plc, the majority shareholder of De Beers.

The current deal allows a tighter integration across the two companies with common technology platforms and IT service management, it said.

"Where we have previously had several service providers in each local region, this agreement affords us more comprehensive management of our underlying IT environment and enables us to run a more industrialised infrastructure service
that underpins our broader IT strategy," De Beers Group Group CIO Craig Charlton said.

The engagement involves supporting De Beers' global presence in Botswana, Namibia, South Africa, the United Kingdom and elsewhere around the world, with HCL taking responsibility for eight data centres across five regions.

"This deal marks HCL's continued expansion in emerging markets like South Africa and many locations across Africa, Latin America and Asia. It further strengthens HCL's presence in the mining vertical," HCL Technologies ISD Executive Vice President and Head - EMEA Ashish Gupta said.

The scope of the work includes some extremely remote locations such as offshore diamond mining vessels along the Namibian coastline and Snap Lake mine in Canada, accessible only via ice roads in winter.

HCL established its South African operation in 2009.

HCL Tech stock price

On October 22, 2014, HCL Technologies closed at Rs 1513.20, up Rs 8.20, or 0.54 percent. The 52-week high of the share was Rs 1775.40 and the 52-week low was Rs 1034.00.


The company's trailing 12-month (TTM) EPS was at Rs 90.92 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 16.64. The latest book value of the company is Rs 145.92 per share. At current value, the price-to-book value of the company is 10.37.


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DLF-Sebi case: SAT adjourns hearing till Oct 30

Hit hard by a Sebi order barring it from capital markets, realty giant DLF  today appealed for an interim relief from the Securities Appellate Tribunal (SAT) to allow it to redeem thousands of crores worth funds locked in  mutual funds and other securities.

After hearing the petition, filed by the country's largest real estate developer last week, the Tribunal adjourned the matter till October 30 next week, as it sought a response from capital markets regulator Sebi on DLF's plea for an interim relief.

Seeking an interim relief, DLF said that it needs to redeem funds, including around Rs 2,000 crore locked in mutual funds as also through redemption of certain bonds worth further thousands of crores of rupees, but the Sebi order has restrained its position to access capital.

Last month itself, DLF had received shareholdes' approval to raise up to Rs 5,000 crore through non-convertible debentures (NCDs).

An intervention petition was also filed at SAT by Kimsuk Sinha, on whose complaint the Delhi High Court had directed Sebi to probe the case. However, Sinha's plea was opposed vehemently by DLF counsel and the petition was not admitted.

Earlier this month, Sebi barred DLF and six others from capital markets for three years for "active and deliberate suppression" of material information at the time of its IPO over seven years ago.

DLF's initial public offer in 2007 had fetched Rs 9,187 crore -- the biggest IPO in the country at that time. While the regulator did not impose any monetary penalty, the prohibition has barred DLF and the six persons, from any sale, purchase or any other dealings in securities markets for a period of three years, including for raising funds.

This was one of the rare orders by Sebi where it barred a blue-chip firm and its top promoter/executives from market.

DLF had debt of over Rs 19,000 crore as on June 30, 2014, while its already-proposed fund raising plans include Rs 3,500 crore through issue of certain bonds to replace costlier debt.

It has annual turnover of nearly Rs 10,000 crore.

In his 43-page order, Sebi's Whole-Time Member Rajeev Agarwal had said the violations are grave and have larger implications on safety and integrity of the securities market.

Besides K P Singh, those barred from the markets include his son Rajiv Singh (Vice Chairman), daughter Pia Singh (Whole Time Director), Managing Director T C Goyal, former CFO Ramesh Sanka and Kameshwar Swarup, who was ED-Legal at the time of the company's public offer in 2007.

On October 13, DLF had said it has not violated any laws and it would defend its position against any adverse findings in the Sebi order. "DLF has full faith in the judicial process and is confident of vindication of its stand in the near future," the statement had said. 

DLF stock price

On October 22, 2014, DLF closed at Rs 120.25, down Rs 1.2, or 0.99 percent. The 52-week high of the share was Rs 242.80 and the 52-week low was Rs 100.00.


The company's trailing 12-month (TTM) EPS was at Rs 2.52 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 47.72. The latest book value of the company is Rs 93.40 per share. At current value, the price-to-book value of the company is 1.29.


21.03 | 0 komentar | Read More
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