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5 traditional dances of Navratri you need to know

Navratri, one of the most vibrant and cherished Hindu festivals, lights up India with its boundless energy and cultural richness. This festival, celebrated over nine nights...

Persistent Achieves Carbon Neutrality a Year Ahead of Target

Brand Speak4 months ago

Persistent Achieves Carbon Neutrality a Year Ahead of Target

Aims to reach net-zero emissions by 2050 Persistent Systems (BSE: 533179 and NSE: PERSISTENT), a global pioneer in Digital Engineering and Enterprise Modernization, today announced that...

Vinesh Phogat Makes Winning Political Debut in Haryana's Julana District

Politics4 months ago

Vinesh Phogat Makes Winning Political Debut in Haryana’s Julana District

Renowned wrestler Vinesh Phogat has emerged victorious in her debut election, securing the Julana seat in the Haryana Assembly. This remarkable achievement not only solidifies her...

The Custom Porsche Cayenne Minivan Zuck Built for his Wife

Auto4 months ago

Take a Look at The Custom Porsche Cayenne Minivan Zuck Built for his Wife

If you had a billion dollars, what would you do with it? Maybe you’d wear a crazy looking outfit and beat up criminals with your fists...

Ola Electric Handed Show-Cause Notice As Consumer Complaints Mount

Business4 months ago

Ola Electric Handed Show-Cause Notice As Consumer Complaints Mount

Ola Electric has been making waves, both for its ambitious plans and the subsequent consumer backlash. The company, founded by Bhavish Aggarwal, has been hailed as...

Bharti Airtel in talks to acquire loss-making Tata Play from Tata Group

Business4 months ago

Bharti Airtel in talks to acquire loss-making Tata Play from Tata Group

Bharti Airtel is reportedly in advanced discussions with the Tata Group to acquire Tata Play, the largest direct-to-home (DTH) provider in India. This strategic move aims...

Mattel introduces Diwali Barbie ahead of festive season

Entertainment4 months ago

Mattel introduces Diwali Barbie ahead of festive season

In anticipation of the festive season, toy giant Mattel, known for its iconic Barbie dolls, has launched an exclusive ‘Diwali Barbie’ tailored for Indian consumers. This...

A tale of two CEOs: Ola Shares Slump after Bhavish's Bluster even as Deepinder Goyal Digs Deep to Soar High

Leadership4 months ago

A tale of two CEOs: Ola Shares Slump after Bhavish’s Bluster even as Deepinder Goyal Digs Deep to Soar High

The Indian startup ecosystem is a bustling hive of innovation, driven by visionary leaders who navigate the treacherous waters of entrepreneurship. Among these trailblazers, two names...

ITC Ltd. received approval from the National Company Law Tribunal (NCLT) for demerging its hotel business. The order, issued by the Kolkata bench of the NCLT on Friday, will become effective the first day of the month following the filing of a certified copy with the Registrar of Companies in West Bengal and meeting other required conditions. In August 2023, ITC, the cigarettes-to-staples joined together, announced plans to spin off its hotel business into a separate entity. Under this scheme, ITC will retain 40% ownership in ITC Hotels, while shareholders will acquire the remaining 60%, proportionate to their current stake in the parent company. On Monday, ITC shares rose 2.2%, hitting Rs 514.8, after a recent three-day losing streak, where the stock fell almost 3% from its all-time high. The last positive trading day for ITC was last week when shares touched a record Rs 528.55. Profit-booking in early October led to the downturn, but despite this volatility, HSBC has maintained a "BUY" rating on ITC, raising its target price to Rs 580 per share. The company’s market capitalization stands at Rs 6,41,639.81 crore. ITC shares have had a third straight bearish trading day, but year-to-date gains remain positive, up nearly 10% on the BSE. Its price-to-equity ratio is 31.34x. Looking ahead, ITC will demerge its hotel business with a share ratio of 1:10, meaning shareholders will receive one ITC Hotels share for every ten ITC shares they hold. After the demerger, ITC’s stake in the hotels business will be reduced. ITC has a strong history of rewarding shareholders through bonuses, having issued bonus shares at ratios of 1:2 in 2005 and 2016, and 1:1 in 2010. This bonus trend is expected to continue.

Business4 months ago

ITC gains NCLT approval for hotel business demerger

ITC Ltd. received approval from the National Company Law Tribunal (NCLT) for demerging its hotel business. The order, issued by the Kolkata bench of the NCLT...

A recent study by the Reserve Bank of India (RBI) reveals that farmers receive just one-third of what consumers pay for key vegetables and fruits, with wholesalers and retailers capturing the rest. For vegetables such as tomatoes, onions, and potatoes (TOP), farmers earn 33% to 37% of the consumer price. The situation is similar for fruits, with farmers getting 31% of the price for bananas, 35% for grapes, and 43% for mangoes in the domestic market. The study points out that unlike sectors such as dairy, where farmers receive around 70% of the consumer price, vegetable and fruit farmers face lower returns due to inefficiencies in the supply chain. Perishable crops, inadequate storage, and multiple intermediaries all contribute to this gap. The COVID-19 pandemic exposed these issues, particularly during harvest seasons, when farmers often had to sell their produce at distress prices or discard them. Meanwhile, consumers face inflated prices during off-seasons, creating a boom-and-bust cycle for these essential crops. The RBI report emphasizes the need for investment in agricultural infrastructure, such as better storage facilities, logistics, and research to improve crop yields. It also highlights the importance of policy reforms to streamline the supply chain, reduce intermediaries, and improve market access for farmers. Addressing these challenges would ensure that farmers receive a fairer share of the consumer price and stabilise the market for both producers and buyers.

Business4 months ago

Farmers Get Pennies, Retailers Profit Big: RBI Study

A recent study by the Reserve Bank of India (RBI) reveals that farmers receive just one-third of what consumers pay for key vegetables and fruits, with wholesalers and...

Marksmen Daily – Your daily dose of insights and inspiration

All posts tagged "Featured"

5 traditional dances of Navratri you need to know

Persistent Achieves Carbon Neutrality a Year Ahead of Target

Vinesh Phogat Makes Winning Political Debut in Haryana’s Julana District

Take a Look at The Custom Porsche Cayenne Minivan Zuck Built for his Wife

Ola Electric Handed Show-Cause Notice As Consumer Complaints Mount

Bharti Airtel in talks to acquire loss-making Tata Play from Tata Group

Mattel introduces Diwali Barbie ahead of festive season

A tale of two CEOs: Ola Shares Slump after Bhavish’s Bluster even as Deepinder Goyal Digs Deep to Soar High

ITC gains NCLT approval for hotel business demerger

Farmers Get Pennies, Retailers Profit Big: RBI Study

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