Business 7’s Post

*News Headlines from Business News Agencies:* *Business Standard* 📝 L&T Q4 results: Net profit rises 10% to Rs 4,396 cr, revenue up 15% 📝 Tata Power Q4 results: PAT up 11% at Rs 1,046 crore on higher revenues 📝 RBI asks NBFCs to stick to loan cash payout cap of Rs 20,000: Report 📝 Google launches Wallet app in India to help users store digital documents 📝 Sebi extends settlement scheme period till Jun 10 in stock option cases 📝 Pet insurance market in India to reach Rs 6,500 crore mark by 2025 📝 Pidilite Industries Q4 results: Profit after tax rises 6.44% to Rs 304 cr 📝 Sonata Software to get 20% of revenue from AI-led services in 2-3 yrs: CFO 📝 NPCI issues guidelines for merchant acquisition on BHIM Aadhar Pay 📝 TVS SCS wins new business deal for Eicher's bus facility in Baggad 📝 USFDA issues Form 483 with 1 inspectional observation to Cipla's Maha unit 📝 Rockwell Automation to expand in India with more factories, tech workers *Economic Times* 📝 Hero MotoCorp Q4 Results: Profit rises 18% YoY to Rs 1,016 crore 📝 Serum Institute of India says it stopped manufacturing Covishield since December 2021 📝 India's data center industry set to double capacity by 2026, attract investments 📝 Vehicle retail sales soar 27% in April; two-wheeler registrations jump 33%, cars up 16% 📝 Mercedes retreats to gas guzzlers as EVs fail to boost profit 📝 Bajaj Consumer Care to buyback 57.41 lakh equity shares at Rs 290 apiece 📝 China's Nio sets sights on big EV race with Tesla, ropes in larger rival BYD for batteries 📝 Salasar Techno Engineering completes acquisition of EMC for Rs 178 crore 📝 Canara Bank Q4 Results: Profit jumps 18% YoY to Rs 3,757 crore; NII rises 11% 📝 Railways laid on an average 7.41 km tracks daily in 10 years, RTI response reveals 📝 Muthoot Finance raises $650 million through US dollar bonds *Mint* 📝 TVS Motor Q4 results: Net profit up 18% ₹485 crore, revenue surges 24% 📝 India F24 GDP growth likely hit 8%, to grow 7% in FY25: CEA Nageswaran 📝 Sebi tells investment advisors to share social media details every 6 months 📝 Sugar export ban to remain in place despite comfortable domestic stocks 📝 Used car financing market to touch ₹1,600 bn by FY28: OLX India's Amit Kumar 📝 Deepinder Goyal unveils India's 1st crowd-supported weather infrastructure 📝 GRE Renew Enertech raises ₹3.25 crore in private placement, aims IPO in August 📝 Birla Fertility acquires ARMC IVF; to spend ₹500 crore on further expansion 📝 Aparna Purohit quits Amazon Prime Video after 8 years 📝 US revokes Intel, Qualcomm's export licenses to sell to China's Huawei: Sources 📝 Air India Express operations disrupted as crew reports sick 📝 RINL plant days away from shutdown due to coal supply crisis.

News Headlines from Business News Agencies: Business Standard 📝 L&T Q4 results: Net profit rises 10% to Rs 4,396 cr, revenue up 15% 📝 Tata Power Q4 results: PAT up 11% at Rs 1,046 crore on higher revenues 📝 RBI asks NBFCs to stick to loan cash payout cap of Rs 20,000: Report 📝 Google launches Wallet app in India to help users store digital documents 📝 Sebi extends settlement scheme period till Jun 10 in stock option cases 📝 Pet insurance market in India to reach Rs 6,500 crore mark by 2025 📝 Pidilite Industries Q4 results: Profit after tax rises 6.44% to Rs 304 cr 📝 Sonata Software to get 20% of revenue from AI-led services in 2-3 yrs: CFO 📝 NPCI issues guidelines for merchant acquisition on BHIM Aadhar Pay 📝 TVS SCS wins new business deal for Eicher's bus facility in Baggad 📝 USFDA issues Form 483 with 1 inspectional observation to Cipla's Maha unit 📝 Rockwell Automation to expand in India with more factories, tech workers Economic Times 📝 Hero MotoCorp Q4 Results: Profit rises 18% YoY to Rs 1,016 crore 📝 Serum Institute of India says it stopped manufacturing Covishield since December 2021 📝 India's data center industry set to double capacity by 2026, attract investments 📝 Vehicle retail sales soar 27% in April; two-wheeler registrations jump 33%, cars up 16% 📝 Mercedes retreats to gas guzzlers as EVs fail to boost profit 📝 Bajaj Consumer Care to buyback 57.41 lakh equity shares at Rs 290 apiece 📝 China's Nio sets sights on big EV race with Tesla, ropes in larger rival BYD for batteries 📝 Salasar Techno Engineering completes acquisition of EMC for Rs 178 crore 📝 Canara Bank Q4 Results: Profit jumps 18% YoY to Rs 3,757 crore; NII rises 11% 📝 Railways laid on an average 7.41 km tracks daily in 10 years, RTI response reveals 📝 Muthoot Finance raises $650 million through US dollar bonds Mint 📝 TVS Motor Q4 results: Net profit up 18% ₹485 crore, revenue surges 24% 📝 India F24 GDP growth likely hit 8%, to grow 7% in FY25: CEA Nageswaran 📝 Sebi tells investment advisors to share social media details every 6 months 📝 Sugar export ban to remain in place despite comfortable domestic stocks 📝 Used car financing market to touch ₹1,600 bn by FY28: OLX India's Amit Kumar 📝 Deepinder Goyal unveils India's 1st crowd-supported weather infrastructure 📝 GRE Renew Enertech raises ₹3.25 crore in private placement, aims IPO in August 📝 Birla Fertility acquires ARMC IVF; to spend ₹500 crore on further expansion 📝 Aparna Purohit quits Amazon Prime Video after 8 years 📝 US revokes Intel, Qualcomm's export licenses to sell to China's Huawei: Sources 📝 Air India Express operations disrupted as crew reports sick 📝 RINL plant days away from shutdown due to coal supply crisis.

A Year from Now You May Wish You Had Started Today Investing in HSA: GATX (NYSE:GATX) Reports Q2 In Line With Expectations 📊🏦💼💰 GATX Corporation, a leading provider of railcar leasing and related services, has recently reported its second-quarter results in line with market expectations. The company's solid performance reflects its strategic initiatives and ability to navigate through challenging market conditions. For investors looking to grow their Health Savings Accounts (HSAs), GATX represents a compelling investment opportunity within the healthcare sector. 🚆 Q2 Financial Highlights: - Revenue of $357.5 million, meeting market projections. - Net income of $38.1 million, or $1.01 per diluted share. - Strong cash flows generated from operations, allowing for continued investments in railcars and maintenance. 📈✨ GATX's consistent track record of delivering solid financial results positions it as a stable and profitable investment choice for HSA holders. With the increasing demand for rail transportation within the healthcare industry, GATX stands to benefit from long-term leases and high utilization rates of its railcar fleet. 🌟💪 Investors seeking growth and diversification in their health-focused investment portfolio should consider GATX. By allocating a portion of their HSA funds to the company, investors can align their financial goals with the booming healthcare sector while simultaneously benefiting from the stability and reliability of GATX's operations. 👀🔥 Don't let the Fear of Missing Out (FOMO) hold you back! Take action today and explore the potential of investing in GATX. By strategically utilizing your HSA funds and capitalizing on the growth opportunities within the healthcare industry, you can secure a stronger financial future for yourself, your family, and your overall wellness. #hsa #investing #healthcare #health #family #wellness 💪💰🏦🌟✨🔥🚆👀

*News Headlines from Business News Agencies:* *Business Standard* 📝 L&T Q4 results: Net profit rises 10% to Rs 4,396 cr, revenue up 15% 📝 Tata Power Q4 results: PAT up 11% at Rs 1,046 crore on higher revenues 📝 RBI asks NBFCs to stick to loan cash payout cap of Rs 20,000: Report 📝 Google launches Wallet app in India to help users store digital documents 📝 Sebi extends settlement scheme period till Jun 10 in stock option cases 📝 Pet insurance market in India to reach Rs 6,500 crore mark by 2025 📝 Pidilite Industries Q4 results: Profit after tax rises 6.44% to Rs 304 cr 📝 Sonata Software to get 20% of revenue from AI-led services in 2-3 yrs: CFO 📝 NPCI issues guidelines for merchant acquisition on BHIM Aadhar Pay 📝 TVS SCS wins new business deal for Eicher's bus facility in Baggad 📝 USFDA issues Form 483 with 1 inspectional observation to Cipla's Maha unit 📝 Rockwell Automation to expand in India with more factories, tech workers *Economic Times* 📝 Hero MotoCorp Q4 Results: Profit rises 18% YoY to Rs 1,016 crore 📝 Serum Institute of India says it stopped manufacturing Covishield since December 2021 📝 India's data center industry set to double capacity by 2026, attract investments 📝 Vehicle retail sales soar 27% in April; two-wheeler registrations jump 33%, cars up 16% 📝 Mercedes retreats to gas guzzlers as EVs fail to boost profit 📝 Bajaj Consumer Care to buyback 57.41 lakh equity shares at Rs 290 apiece 📝 China's Nio sets sights on big EV race with Tesla, ropes in larger rival BYD for batteries 📝 Salasar Techno Engineering completes acquisition of EMC for Rs 178 crore 📝 Canara Bank Q4 Results: Profit jumps 18% YoY to Rs 3,757 crore; NII rises 11% 📝 Railways laid on an average 7.41 km tracks daily in 10 years, RTI response reveals 📝 Muthoot Finance raises $650 million through US dollar bonds *Mint* 📝 TVS Motor Q4 results: Net profit up 18% ₹485 crore, revenue surges 24% 📝 India F24 GDP growth likely hit 8%, to grow 7% in FY25: CEA Nageswaran 📝 Sebi tells investment advisors to share social media details every 6 months 📝 Sugar export ban to remain in place despite comfortable domestic stocks 📝 Used car financing market to touch ₹1,600 bn by FY28: OLX India's Amit Kumar 📝 Deepinder Goyal unveils India's 1st crowd-supported weather infrastructure 📝 GRE Renew Enertech raises ₹3.25 crore in private placement, aims IPO in August 📝 Birla Fertility acquires ARMC IVF; to spend ₹500 crore on further expansion 📝 Aparna Purohit quits Amazon Prime Video after 8 years 📝 US revokes Intel, Qualcomm's export licenses to sell to China's Huawei: Sources 📝 Air India Express operations disrupted as crew reports sick 📝 RINL plant days away from shutdown due to coal supply crisis For information only

✍️ #JAIIB QuicK ConcepT ChecK Good morning , As desired by one of the participants I am sharing a write up on Lease Financing A write up on Leasing Lease: A contract under which one party agrees to allow use of its property (land, building, animal, industrial equipment, machinery etc.) to another party for a specific period of time on agreed payment terms. Leasing is a source of long-term finance Le ssor: One who owns the property/asset Lessee: One who gets the right to use the property/asset Lease Rental: The agreed payment for using the property/asset Features: A legal binding contract by both Lessor & Lessee Lessee should make the agreed payment regularly as per the contract Lease can be residential or commercial lease Breaking a lease contract involves legal consequences Types of leases Ind AS 116 classify lease into two types: 1.Finance Lease (Capital Lease or sale lease): In this method, the lessor and lessee agree that the ownership of the leased asset will be transferred to the lessee on completion of the lease period. Finance lease transfers substantially all the risks and rewards incidental to ownership of the asset the lessee Lessee uses the leased asset for a major part of its economic life without being its legal owner The lessee has an option to buy the leased asset at a price which is substantially lower than its fair value Lessee can cancel the lease agreement provided the lessor’s losses due to cancellation of the contract are compensated by the lessee Lessee may continue the lease for a secondary period at a rent much lower than the market rent 2. Operating Lease In this method, it does not transfer substantially all the risks and rewards incidental to ownership of the leased asset. The lease term will be substantially less than the economic life of the asset. It refers to hiring of an asset for a period of 3 to 5 years. Lessor is responsible for the maintenance of the asset. The lessee has right to cancel the lease without paying any penalties Types of Commercial Lease 1. Leveraged Lease – Lessor buys the leased asset by borrowing the money 2. Domestic Lease – All the parties are resident in India 3. International Lease – Any of the parties are not domiciled in India 4. Cancellable Lease – Lease which can be cancelled as per the contract 5. Non-cancellable lease – Can be cancelled only with the consent of the Lessor 6. Wet Lease – Lessor provides the know-how & other services, insurance & maintenance

Sebi chief Madhabi Puri Buch continued to earn from Agora, provided advisory services to M&M, Dr Reddy's: Congress "Congress said that Sebi chief has 99 percent stake in the advisory firm Agora Pvt Ltd" Contradicting the Securities and Exchange Board of India (Sebi) chief Madhabi Puri Buch's claims that Agora Pvt Ltd, an advisory service provider owned by her, was lying dormant after she took office, Congress on September 10 in fresh allegations said that market regulator's top boss and her husband Dhaval Buch continued to earn from the advisory firm. "The Hindenburg report revealed the name of a company, Agora advisory private limited, which was registered on May 7, 2013. This company belongs to Madhabi Puri Buch ji and her husband, but Madhabi ji had denied this after the Hindenburg report came out. In that denial he wrote that since the time it went to SEBI, this company has been dormant. But Madhavi ji still has 99% stake in this company. Our questions were: Which companies took services from Agora? Are the companies that took Agora's services under SEBI's scanner? The answer we got is that Madhabi ji earned Rs 2 crore 95 lakh through Agora during her tenure at SEBI. Some of the names of the companies from which this money was earned are: Mahindra & Mahindra Limited, Dr. Reddy's, Pidilite, ICICI, Sembcorp, Visu Leasing And Finance Private Limited," Khera alleged #sebiindia

STOCKS IN ACTION 16 APRIL Jio Financial Services: The company announced the formation of a 50:50 joint venture with BlackRock and BlackRock Advisors Singapore to undertake wealth management business in India. It will also incorporate a wealth management company and a brokerage company in India. Adani Energy Solutions: The company's transmission and smart metering business saw system availability of 99.6% in Q4 and added 174 ckms to the operational network during the quarter. The company's distribution loss remained low at 5.09% in Q4 and maintained a supply reliability of more than 99.9%. TCS: The company announced a new delivery centre in Brazil to transform their technology, with a focus on strategic areas such as digital transformation, artificial intelligence, and cognitive business operations. JSW Infra: The company approved the re-appointment of Arun Maheshwari as CEO for three years, effective April 18. Cipla: The company will acquire the cosmetics and personal care business undertaking of Ivia Beaute for Rs 130 crore. Allcargo Terminals: The company's March CFS volume of 54.7 '000 TEUs is up 1% YoY and up 8% month-on-month. Gujarat Gas: The company signed a non-binding MoU to broaden the scope and accessibility of energy solutions for consumers. The alliance between two major players in the energy sector is set to deliver an extensive range of products and services throughout GGL's authorised areas. Manappuram Finance: The company will consider a $500 million fund-raising proposal on April 19. General Insurance Corporation: The company approved the appointment of V. Balkrishna as CFO effective May 1. Thomas Cook: The leading omnichannel forex service opened a counter at its franchise outlet in Delhi-NCR. This expands the company's forex network in Delhi-NCR to 12 locations: 11 branches and 1 airport outlet. Sula Vineyards: The company has acquired N D Wines, now holding 100% of its equity share capital, making it a wholly owned subsidiary. Insolation Energy: The company's unit bagged purchase orders worth Rs 55.71 crore to supply solar PV modules. Swan Energy: The company completed the reconstitution of equity shareholdings of Reliance Naval and Engineering (RNEL) as per the NCLT Order. Life Insurance Corporation: The company increases its stake in Hindustan Unilever Brigade Enterprises: The company approved the appointment of Jayant Bhalchandra Manmadkar as CFO and KMP of the company, effective April 18 Gokul Agro Resources: The company's unit entered into an agreement with the Government of Andhra Pradesh for the oil palm development programme in Andhra Pradesh Vedanta: secures 11-year ₹3,900 crore loan from Power Finance Corporation India Cements: Appoints K Vamsidhar Reddy as Chief Manufacturing Officer (projects and operations) of the company w.e.f. April 15, 2024 HeroMotoCorp: begins nation wide deliveries of the Mavrick 440 Shivalik: Group launches instant home concept

Triglav Group in H1 2024 The Triglav Group's earnings before tax stood at EUR 89.5 million (H1 2023: EUR 12.1 million) and its net earnings amounted to EUR 75.4 million (H1 2023: EUR 11.4 million). Andrej Slapar, President of the Management Board of Zavarovalnica Triglav, said: "We anticipated that our business operations would normalise this year in line with our strategy and we are pleased to report that this expectation has proven accurate. All business segments contributed to the Group's strong half-year results, with the insurance business of the Non-Life segment having the greatest impact. At the half-year point, we assess that we will exceed our planned annual earnings before tax. Considering the anticipated business conditions for the remainder of the year, we now forecast that it will reach EUR 130–150 million this year.”   The Triglav Group continues to maintain its financial stability and capitalisation at adequate levels this year, consistently pursuing its strategy towards growth, development and sustainable ambitions, while striving to be a stable, safe and profitable investment for investors. More: https://lnkd.in/eufN7YZh 

Last year such a great performance from almost every manufacturing funds have come in light of Government initiatives such as Make in India, PLI etc. Read our blog post https://wix.to/bNHai0q to know more about expectation from this budget #newblogpost #infirupee #manufacturingfunds #budget2024

Weekly Sector Update Second Week of August 2024 🚀 Weekly Sector Update: Second Week of August 2024 🌟 Here's a quick snapshot of key developments across various sectors: NBFC & Small Finance Banks: 💸 UPI transactions surged by 36% to Rs 60 lakh crore in Q1FY25, with new cardless cash deposit facilities introduced 🌐📊 Banking: 🏦 The RBI kept the repo rate unchanged at 6.5% and introduced measures to enhance digital lending and payment systems, including increased UPI limits and continuous cheque clearing. Insurance: 🛡️ The Pradhan Mantri Fasal Bima Yojana will now penalize insurers for delayed payments. GST authorities have issued notices for unpaid dues worth Rs 2,000 crore to several insurers. FMCG: 📉 Volume growth slowed to 3.8% in Q1FY25 due to macroeconomic challenges. Varun Beverages Ltd saw a remarkable 67.4% quarterly revenue jump, while Britannia Industries posted a solid 11% YoY net profit increase. Pharma: 💊 Torrent Pharma and Zydus Lifesciences are in a heated race to acquire JB Chemicals, with the potential deal reaching Rs 23,517.51 crore. However, growth in the domestic pharma market slowed to 6.1% in July. Logistics: 📈 India's fuel consumption rose by 7% in July 2024, while import demand fell by 1.7%. IT: 💻 HCL Tech is acquiring Paris-based Zeenea to enhance its data management capabilities. Major Indian IT companies are securing billion-dollar digital transformation deals. Power: ⚡ Tata Power is partnering with Bhutan's Druk Green Power for a 600 MW hydropower project, and NTPC Ltd is investing heavily in a 2,800 MW nuclear power plant. Telecom: 📱 Bharti Airtel's ARPU rose to Rs 211 in Q1FY25, with a substantial profit jump to Rs 4,160 crore. The company is set to launch 5G-based FWA broadband services by September. Retail: 👟 Bata India is exploring 10-minute deliveries via quick commerce platforms despite recent revenue challenges. The leather and footwear sector shows potential for significant employment growth. Healthcare: 🏥 Fortis Healthcare is set to acquire a 34% stake in its diagnostics arm, Agilus, valuing it at Rs 5,000 crore. Auto: 🚗 Eicher Motors and TVS Motor Company posted strong Q1FY25 results, with Eicher achieving its highest-ever revenue and TVS reporting a 23% YoY profit growth. #FMCG #Pharma #Logistics #IT #Power #Telecom #Retail #Healthcare #Auto #Banking #Insurance #NBFC #Finance #SectorUpdate #BusinessInsights