Dabur India Q4FY20 earnings were below our projections with a miss in Revenue, EBITDA and PAT front. The company has reported a lower net profit at Rs 281 crore for the quarter under review as compared to Rs 370 crore for the same quarter in the previous year, impacted on account of lockdown during the second half of March 2020. Net sales dropped by 12.3% at Rs 1,865 crore for Q4 FY20 as compared to Rs 2,128 cr for the Q4FY19, EBITDA declined 23% YoY to Rs 352 crore for the Q4FY20 from Rs 457 crore for the Q3FY19 and EBITDA margin contracted 260 bps to 18.9%.The company recommended a final dividend of Rs 1.60 per share for the financial year 2019-20. … [Read more...] about Hold Dabur India; target of Rs 492: Arihant Capital
New Delhi: Regulator Sebi has barred two ex-promoters of Shrivallis Securities Ltd (SSL) -- Subrat Kumar Routray and Snigdha Biswal -- from the capital markets for four years in an illegal fund raising case. In October 2018, Sebi had passed an interim order against Shrivallis Securities and its directors and promoters for illegally raising a sum of Rs 4.4 crore, through a redeemable preference shares issue to at least 421 investors during 2011-12 and 2012-13. The regulator had barred the company's promoters and directors from the capital markets, as per the interim order. Sebi noted that Routray and Biswal were the promoters of SSL when money was raised through the issue of redeemable preference shares. Routray and Biswal contended that they were not aware of the redeemable preference shares issue and they transferred their shares in SSL to the managing director when they came to know about the said fund raising. But they failed to prove that they had given a reasonable public … [Read more...] about Sebi bars two ex-promoters of Shrivallis Securities from capital markets for 4 years
Big Basket is not the only big name in the startup ecosystem to have raised fund from venture debt firm. The company follows firms such as Paper Boat, Urban Ladder, Practo, Myntra, Snapdeal and Oyo which have raised money from venture debt funds such as Trifecta and Innoven Capital. … [Read more...] about India’s startup ecosystem in a correction mode: Trifecta Capital
And she can tick a trip up to the top of The Shard off her sightseeing list after she joined Capital FM's Dave Berry and Lisa Snowdon 1000ft in the air as part of Global's Make Some Noise Day which aims to provide help for disadvantaged children in Great Britain. … [Read more...] about Taylor Swift takes a trip up The Shard with Capital FM’s Dave Berry and Lisa Snowdon for company
"Fancy yourself in a car which you do not know how to steer and cannot stop, with an inexhaustible supply of petrol in the tank … on an island strewn with rocks and bounded by cliff precipices! That is what living under capitalism feels like when you come to understand it." … [Read more...] about Is capitalism a runaway car veering off a cliff?