I have been reasonably confident that life will come back to near normal pretty quickly, says ED & CIO of HDFC AMC. Why don’t you share the big picture with us first and then I will get into the specifics.These are clearly unprecedented times. But yes, there is now some more clarity in views. The current year will be an outlier year and it will be an extremely difficult year for the economy because for two months almost half the economy did not function and that will lead to a significant economic impact; analysts now estimate between 5% to 10% GDP contraction in the current year and very broadly, those numbers appear to be realistic. It will have a significant fiscal impact as well because there will be severe loss of revenues. Corporate profitability will also be hit sharply, especially in sectors where the fixed costs component and discretionary element of sales is high. The good news is that the external side of India looks to be very strong and India is very uniquely … [Read more...] about India may see a trade surplus after 10-12 years; to keep currency stable: Prashant Jain
Why does market share change all the time
In the current situation of COVID-19 pandemic when other students were left midway with their preparation, students at FIITJEE didn’t even furrow their eyebrow and get tensed. It is because we immediately rose to the situation and introduced Live Online Classes- a replica of our offline classes which are equally powerful. We started LIVE online classes batch-wise just as per our planned schedule of offline classes with 2-way communication. There is hardly any difference between offline and online classes except in-person human interaction. It was a seamless adoption and ensured that no time of students was lost. Those students who are willing to start their preparation for competitive & scholastic exams can now appear in our Home-Based Online Admission Test and once they qualify the test, they can then avail easy and hassle-free access to our live online classes and start preparing as if everything is normal. Today, we are glad to see our students embracing these online … [Read more...] about ‘Students should learn to apply concepts in day-to-day problems and develop parallel thinking to solve a question by different methods’
Saumen Chakraborty discussed the company’s growth outlook, status of supply chains & operations, and shared his leadership thoughts in the virus age. Edited excerpts.Q: Considering the relaxation in the lockdown do you see any improvement in the supply chain? Saumen Chakraborty: Initially, there was some disruption on the logistics side during the last week of March, when the lockdown was first imposed in India. As the interstate travel was restricted, the supply was disrupted. A few issues also came on the procurement front, albeit insignificant. A similar story emerged in the international markets, where the freight costs went up, and proved to be additional expenses due to Covid19. But subsequently, the supply chains improved over a period of time, and now normalcy is restored in all logistics. Covid-19 disruptions, therefore, on the logistics side are over. Q: Can you explain more on the operations side? Saumen Chakraborty: Being classified under the essential business … [Read more...] about Covid-19: Supply chain disruptions on logistics side are over in pharma sector, says Dr Reddy’s CFO
Don't fall for the promise of high return The relationship manager's incentives are based on brokerage earned. Don't allow him to churn your portfolio needlessly If you don't have time to monitor your portfolio, opt for mutual funds or portfolio management service Don't transfer the securities in your demat account into the broker's pool account, even if he promises to pay interest Make sure your email address and phone number registered with NSDL/CDSL are up to date and you are receiving notifications on the day of trade Avoid keeping too much cash in your trading account If you are cheated, complain at Sebi's SCORES website or with the exchange's investor grievance resolution panel … [Read more...] about Investors beware: Watch out for what your broker is up to
Last week Hike Messenger , the messaging app, became the latest startup to join the so-called ‘unicorn’ pack in India—companies valued at at least $1 billion. Hike has been the fastest of the pack to reach the milestone, in just about three and half years after launch. It took e-commerce major Flipkart five years, rival Snapdeal seven years and analytics firm Mu Sigma nine years to become unicorns. Hike is also the lone company in the unicorn pack that is free. It is yet to make money. Hike will only “start to try making money by 2018, perhaps 2020”, says 28-year old founder Kavin Bharti Mittal. Yet, thanks to the $175 million collected from a clutch of overseas investors (see Plenty of Funds), the app is valued at $1.4 billion. Mittal believes the $175 million raised by Hike “is like Flipkart raising $1 billion. That’s the value we see and we are the only local rich messaging app with scale in the country.” Says Vishal Tripathi, … [Read more...] about Is Hike Messenger worth the hype and $1.4 billion?