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Category: Business

Rain industries Q4 CY18 review: Business in transition; accumulate on dips

Loknath Das, , , , , , , , , ,

Rain Industries reported a weak set of Q4 CY18 earnings. Its earnings were anticipated to be subdued due to delayed permission to import a key raw material, green petroleum coke (GPC) and a continued import ban of  calcined petroleum coke CPC) used for blending key product. But what really caused the disappointment was the adverse impact of high-cost inventory. Result analysis Volume trend in product sales  Key negatives High-cost inventory continues to impact profitability of most chemical products in carbon (68 percent of total sales) and advance materials (25 percent of total sales) segments.…

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Pakistan, Saudi Arabia hold business conference to boost economic ties

Loknath Das, , , , , , , , ,

Pakistan and Saudi Arabia on Monday held a joint business conference to strengthen bilateral economic ties, a day after they signed seven agreements worth USD 20 billion to promote trade and investment in the cash-strapped South Asian country. Saudi Crown Prince Mohammad bin Salman, who is also Saudi Arabia’s defence minister, arrived on his maiden trip to Pakistan on Sunday. He will arrive in India on February 19 on his first official visit. Counterterrorism and energy security are expected to top the agenda for discussions during the two-day trip. Pakistan…

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Why Sterling Holidays is pivoting its business

Loknath Das, , , , , ,

The scalability issues with timeshare vacation business have galvanised Sterling Holidays to pivot its business. Chennai-based Sterling Holiday is going whole hog into becoming a regular hotels company. Unlike in the past where it owned resorts or leased them from developers, the company is actively looking at managing properties which are owned by developers, an asset-light model which is famous with international branded hospitality chains in India. Sterling has already signed five management contracts and is hoping to sign 10 hotel properties this year under the managed model, adding 400…

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Future Group to diversify into cloud kitchen business

Loknath Das, , , , , , ,

In a cloud kitchen concept, operators prepare, package and deliver food without providing any dine-in facility to end-consumers. SHAMBHU KALAN: Future Group will soon venture into the delivery of cooked foods from its kitchens as part of consolidation of food business, according to its Chief Executive Officer Kishore Biyani The group is looking to leverage its digital wallet FuturePay to deliver affordable meals at the doorsteps of consumers under the cloud kitchen concept. “Now, we are talking about cloud kitchen and ready-to-eat food at customers’ home at Rs 40. That is another project…

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Closing Bell: Sensex closes 373 points higher, Nifty above 10,600; FMCG leads rally

Loknath Das, , , , , , , , , , , , ,

Market at Close Shares were off to a flying start on Monday, thanks to a sharp rally among consumption names in the last couple of hours Among sectors, financials, automobiles, consumption, and IT names were in the green, while investors sold metals and pharmaceuticals segments. In the broader markets, Nifty Midcap index underperformed benchmarks, but closed with gains of around 0.2 percent. At the close of market hours, the Sensex was up 373.06 points or 1.07% at 35354.08, while the Nifty ended higher by 101.80 points or 0.97% at 10628.60.…

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How Branding Can Boost Your Business

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You should always be looking for ways to get your business in front of more people. By exploring branding services, you can get the notoriety that you are looking for. Boat wraps, vehicle wraps, and including your logo in a variety of different other areas can make it easier for people to see your logo and establish name recognition within your community. Include Your Logo Any time that you are branding yourself, you need to include your logo. Consider every major business that you can think of. You will likely…

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