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Daily market outlook by Jainam Research - includes indices watch, corporate news, corporate results and action, technical mirror, commodity mirror, and momentum calls status.
Ignoring weak lead from Wall Street, Indian equity indices edged higher in morning deals with Sensex surpassing 21K mark. Both frontline gauges neared three year high levels as investors sentiments weighed on heavy FII buying in last session. However, in late noon trades, benchmarks plunged and finally settled marginally in red. On BSE sectorial front, Capital Goods was the top gainer whereas IT index topped the laggards amidst strengthening Rupee against Dollar.
Elder Pharmaceuticals Clears Pending Statutory Payments Related to TDS, PF, E...flashnewsrelease
Elder Pharmaceuticals Limited which was going through an erratic cash flow situation has made major pending statutory payments of TDS, provident fund, ESIC, Maharashtra Labour Welfare Fund (MLWF) etc to the tune of approx Rs 26 crore.
Rangebound markets end in red...ITC drags FMCG Index:
After a flat start, the benchmarks traded in a range through most of the day before closing in the red.
After a day’s pause, Indian indices resumed the bullish streak despite mixed global cues. Fading Ukraine worries and buying in frontline blue chip stocks persuaded Indian benchmarks to stretch the upmove with Nifty hitting 6300 milestone first time after January 23, 2014. Both barometer gauges rallied 1.25% at close with Sensex soaring 263 points. On BSE sectorial front, Metal index spiked 3% followed by Bankex.
Daily market outlook by Jainam Research - includes indices watch, corporate news, corporate results and action, technical mirror, commodity mirror, and momentum calls status.
Ignoring weak lead from Wall Street, Indian equity indices edged higher in morning deals with Sensex surpassing 21K mark. Both frontline gauges neared three year high levels as investors sentiments weighed on heavy FII buying in last session. However, in late noon trades, benchmarks plunged and finally settled marginally in red. On BSE sectorial front, Capital Goods was the top gainer whereas IT index topped the laggards amidst strengthening Rupee against Dollar.
Elder Pharmaceuticals Clears Pending Statutory Payments Related to TDS, PF, E...flashnewsrelease
Elder Pharmaceuticals Limited which was going through an erratic cash flow situation has made major pending statutory payments of TDS, provident fund, ESIC, Maharashtra Labour Welfare Fund (MLWF) etc to the tune of approx Rs 26 crore.
Rangebound markets end in red...ITC drags FMCG Index:
After a flat start, the benchmarks traded in a range through most of the day before closing in the red.
After a day’s pause, Indian indices resumed the bullish streak despite mixed global cues. Fading Ukraine worries and buying in frontline blue chip stocks persuaded Indian benchmarks to stretch the upmove with Nifty hitting 6300 milestone first time after January 23, 2014. Both barometer gauges rallied 1.25% at close with Sensex soaring 263 points. On BSE sectorial front, Metal index spiked 3% followed by Bankex.
Temperance is the abstinence from all things which are harmful and the moderate use of things that are beneficial. Temperance is considered one of the ten laws of health. Applying the principles of temperance provides healing for the soul.
Bayer CropScience: Recommends a dividend of Rs 5.50 for FY14, buyIndiaNotes.com
Bayer CropScience has recommended a dividend of Rs. 5.50/- per share of Rs. 10/- each for the year ended March 31, 2014. At CMP of Rs.1805.00, the stock P/E ratio is at 21.07 x FY15E and 19.34 x FY16E respectively. Buy for a target of Rs.1985.00
Analysis of agrochemical sector - Quantitative and Qualitative analysis of agrochemical stocks. Presenting investing options and arriving at a desicion
Shilpa Medicare: Buy for medium to long term investmentIndiaNotes.com
At CMP of Rs. 467.40, the stock P/E ratio is at 17.33 x FY15E and 14.73 x FY16E respectively. Investors are recommended to buy the stock for a price target of Rs.514.00 for medium to long term investment.
What are subsidies?
Subsidies are the money the government gives to the public or
corporates for selling essential goods and services at cheaper rates.
Simply put, it is the opposite of taxation. There are two different kinds of subsidies – growth oriented and welfare oriented. Reduction in fuel and food costs is an example of welfare-oriented subsidies. The government also sometimes gives money to companies or farmers for operating in certain industries.
These are examples of growth-oriented subsidies. These subsidies encourage companies to operate in industries that may have high business costs, but are still important for the public and the economy.
The oil marketing industry is the best example of this. These companies sell fuel at cheaper rates, incurring a loss. Yet, fuel plays a very important role in the economy. So, to encourage companies to operate in this environment, the government pays them subsidies to make up for the loss.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
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The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
ATS Company Reports: Sharon bio
1.
2. Company Details
Sharon Bio-Medicine Limited develops, manufactures, and sells intermediates,
active pharmaceutical ingredients (APIs), and finished dosage products in India
and internationally. The company provides its APIs in a range of therapeutic areas,
including anti depressant, anti hypertensive, anti fungal, anti diabetic, anti bacterial,
anti Alzheimer, anti psychotic, anti protozoal, anti diarrhoeal, and cardiovascular
areas, as well as veterinary, pro-kinetic, NSAID, and muscle relaxation areas. Its
intermediate product line targets various API/end uses, such as ketoconazole,
itraconazole, phase transfer catalyst, lansoprazole, trimetazidine, chemical
synthesis, glibenclamide, glimepiride, amlodipine besylate, and sertraline HCL. The
company also offers formulations in the therapeutic segments of oncology,
antibiotics, dermatology, liquid orals, soft gelatin capsules, and suppositories. In
addition, it provides clinical services, as well as various toxicology services related
to animals. Sharon Bio-Medicine Limited was incorporated in 1989 and is
headquartered in Mumbai, India.
The current market capitalisation stands at Rs 386.38 crore.The company has
reported a consolidated sales of Rs 349.52 crore and a Net Profit of Rs 20.54 crore
for the quarter ended Jun 2014.
4. Industry Details
The biotechnology sector of India is one of the most significant sectors in enhancing India's global profile as well as
contributing to the growth of the economy. This sector is directly or indirectly related to the health as well as the
agricultural sector of India.
India is among the top 12 biotech destinations in the world and is the largest producer of recombinant Hepatitis B
vaccine. Out of the top 10 biotech companies in India (by revenue), six focus their expertise in bio-pharmaceuticals
and four specialize in agri-biotech.
India had recently overtaken Canada to emerge as the fourth largest country to grow biotech or genetically modified
(GM) crops, as farmers here planted Bt cotton in about 11 million hectares. The global acreages under GM crops
increased to 175.2 million hectares in 2013, about five million hectares more than the previous year.
India also has no dearth of talent in this sector, as a number of institutions, both government and autonomous, provide
the necessary opportunities for the student seeking to obtain a degree in this sector. Also, the Government of India
has provided adequate scope to this sector by providing facilities for research and development (R&D) in the field of
biotechnology.
The Indian biotech industry holds about 2 per cent share of the global biotech industry. With the growth in the
customer base and more investments taking place in the biotech sector, the biotech industry is expected to grow to
around US$ 73.73 billion by the year 2020. The high demand for different biotech products has also opened up scope
for the foreign companies to set up bases and reap great profits.
The biotechnology industry in India, comprising about 400 companies, has grown three-fold in the last five years to
reach US$ 4 billion in FY 13. Growing at an average rate of about 20 per cent, India's biotech industry comprising
biopharmaceuticals, disservices, bio-agriculture, bio-industry and bio-informatics could reach the US$ 7 billion mark
by FY 15.
5. Balance Sheet
Jun '14 Jun '13 Jun '12 Jun '11 Jun '10
Sources Of Funds
Total Share Capital 21.11 10.56 10.56 10.56 10.56
Equity Share Capital 21.11 10.56 10.56 10.56 10.56
Share Application Money 80.56 54.75 54.75 54.75 8.01
Reserves 250.64 186.36 179.71 138.61 107.67
Revaluation Reserves 0.00 0.00 0.00 0.36 0.36
Networth 352.31 251.67 245.02 204.28 126.60
Secured Loans 558.59 441.37 316.71 257.09 211.44
Unsecured Loans 166.79 202.52 145.70 86.53 131.12
Total Debt 725.38 643.89 462.41 343.62 342.56
Total Liabilities 1,077.69 895.56 707.43 547.90 469.16
Application Of Funds
Gross Block 380.87 317.87 235.62 206.42 201.11
Less: Accum. Depreciation 55.85 46.33 34.29 25.57 17.34
Net Block 325.02 271.54 201.33 180.85 183.77
Capital Work in Progress 14.93 42.82 59.90 27.04 22.74
Investments 0.59 3.34 3.34 3.24 3.49
Inventories 322.45 260.24 196.22 155.21 116.67
Sundry Debtors 422.61 363.52 268.22 202.92 170.18
Cash and Bank Balance 12.34 6.32 6.31 1.20 1.30
Total Current Assets 757.40 630.08 470.75 359.33 288.15
Loans and Advances 71.53 32.11 46.15 22.53 12.32
Fixed Deposits 0.00 0.00 0.00 2.66 1.10
Total CA, Loans & Advances 828.93 662.19 516.90 384.52 301.57
Current Liabilities 73.79 69.94 62.19 41.10 36.75
Provisions 17.99 14.38 11.85 6.65 5.66
Total CL & Provisions 91.78 84.32 74.04 47.75 42.41
Net Current Assets 737.15 577.87 442.86 336.77 259.16
Total Assets 1,077.69 895.57 707.43 547.90 469.17
Book Value (Rs) 25.74 186.53 180.23 141.30 111.99
6. Profit and Loss Account
Jun '14 Jun '13 Jun '12 Jun '11 Jun '10
Income
Sales Turnover 1,324.79 1,073.52 804.14 626.81 522.98
Net Sales 1,324.79 1,073.52 804.14 626.81 522.98
Other Income 1.93 1.19 1.21 1.25 -0.46
Stock Adjustments 62.21 64.02 41.00 38.55 27.01
Total Income 1,388.93 1,138.73 846.35 666.61 549.53
Expenditure
Raw Materials 1,185.17 979.09 714.58 561.64 468.29
Power & Fuel Cost 8.77 8.27 7.27 6.76 5.47
Employee Cost 19.16 14.71 14.50 5.34 5.20
Other Manufacturing Expenses 0.00 0.00 2.56 10.78 7.64
Selling and Admin Expenses 0.00 0.00 0.00 6.60 6.55
Miscellaneous Expenses 16.40 14.44 10.11 1.86 1.22
Total Expenses 1,229.50 1,016.51 749.02 592.98 494.37
Operating Profit 157.50 121.03 96.12 72.38 55.62
PBDIT 159.43 122.22 97.33 73.63 55.16
Interest 58.63 43.06 34.26 26.81 21.00
PBDT 100.80 79.16 63.07 46.82 34.16
Depreciation 15.35 12.13 8.86 8.24 6.40
Other Written Off 0.00 0.00 0.00 0.10 0.13
Profit Before Tax 85.45 67.03 54.21 38.48 27.63
PBT (Post Extra-ord Items) 85.45 67.03 54.21 38.48 27.63
Tax 15.14 13.33 11.44 5.31 5.31
Reported Net Profit 70.32 53.71 42.77 33.18 22.33
Net P/L After Minority Interest & Share Of
Associates
70.32 53.71 42.81 33.18 22.33
Total Value Addition 44.33 37.42 34.44 31.33 26.07
Equity Dividend 3.80 1.58 0.00 1.90 1.58
Corporate Dividend Tax 0.65 0.27 0.00 0.32 0.27
Earning Per Share (Rs) 6.66 50.87 40.52 31.43 21.15
Book Value (Rs) 25.74 186.53 180.23 141.30 111.99
11. Recommendations
Buy Sharon Bio-Medicine Ltd. at current or lower market
levels
Reasons for the recommendations are :
License approval from USFDA and awaiting approval from UKMHRA will have a
substantial impact on revenue and profit of the company.
Growth in agriculture industry will have a huge positive impact on the demand of
SBML products.
No need for capital expenditure in short or medium term.
Big correction in the stock without even after the sales of the company being
normal.