Tuesday, April 25, 2017

.@AmitShah on his mission Bengal; @MamataOfficial sees red





#Wipro 4QFY17 Guidance disappointing

 Revenue at US$ 1,955mn (+2.7% QoQ, 1.7% CC) higher than expectation of US$ 1,935mn. Digital (22.1% of revenue) grew +4.8% QoQ led by Appirio acquisition. The legacy business (ex-digital) grew 2.2% QoQ, led by Energy (+3.5% QoQ, second consecutive quarter of growth) and Manufacturing (+5.0% QoQ).



•             US$ revenue growth guidance of US$1,915/1,955 for 1QFY18E, implying a growth of -2.0/0.0% QoQ is lower than expectation and indicates concern in legacy business.

•             Strategy around top-account mining is yielding results, grew 6.4% QoQ, Top 5/10 grew 2.7/2.7% QoQ.

•             IT Services EBIT margin expanded 55 bps QoQ to 18.3% despite integration of low margin Appirio acquisition led by 290bps expansion in utilisation excluding trainees.

•             From a service line perspective, IMS (+2.4% QoQ), Analytics (+1.3% QoQ) and Application services (+5.7%) contributed to growth while BPO declined 5.0% QoQ due to issue in health plan services.

•             PAT stood at Rs 22.61bn (+7.2% QoQ), which includes an extraordinary income of Rs 4.08 from the sale of the EcoEnergy division. APAT stood at RS 18.53bn down 12.2% QoQ.

•             Wipro announced a bonus issue of 1:1, which is sentimentally positive.

•             Overall organic growth engine for Wipro remains challenged and recovery is taking longer than expected. However Wipro has been aggressive in acquiring companies with Digital capabilities but it’s not enough to backfill the loss from legacy. 

Monday, April 24, 2017

.@Scullers_IN offering Cuban Chinos for Rs.999/-

Scullers is one of the flagships Brand from the house of Future Lifestyle Fashions Ltd (FLFL) is offering chino users to give their old trousers for a brand new pair of Cuban Chinos for just Rs.999.  In this noble endeavour, Scullers has tied up with Goonj a reputed NGO that will receive the old trousers collected through this initiative and will further distribute them to the people in need.


Commenting on this initiative Shibani Mishra, Chief Marketing, FLF Brands said, "We are extremely delighted to launch this unique initiative #ScullersChinosForIndia. We are certain that through this program Scullers will be able to expand its market share in chinos category and reinforce its leadership position.”

Sunday, April 23, 2017

.@InterConHotels & @BrigadeGroup Open India's first Holiday Inn Hotel in #Chennai



The 202-room property is jointly promoted by Brigade Group and Chennai-based Subramanian Engineering Limited and managed by InterContinental Hotels Group. The new property was inaugurated by Shantha de Silva, Head of South West Asia, InterContinental Hotels Group in the presence of captains of industry, consular officers, bureaucrats, notables from the world of travel, tourism and hospitality trade.


Now pick quality stocks with @marketsmithind app

Developed by investor William O’Neil MarketSmith India Performance Index app is based on CAN SLIM methodology.CAN SLIM is a techno-fundamental strategy that helps pick quality stocks. This strategy focuses on companies that show acceleration in earnings because of innovation and suggests buying them before the stock price witnesses a major spike,” says Anupam Singhi, Chief Operating Officer, William O’Neil India (see graphic). For investors who cannot hold stocks for an extended period—more than five years—techno-fundamental strategy promises potentially better returns.


Anupam Singhi, Chief Operating Officer, William O’Neil India said, “MarketSmith India empowers the investors with knowledge enabling them to make better profits in uptrends and protect their capital during downtrends. It facilitates strengths and weaknesses of Indian stocks based on data-backed research almost instantaneously. The App works on a growth-oriented research methodology based on last 50-years of experience and delivers pattern recognition, stock reports, market commentary apart from offering a model portfolio to the subscribers.”

Since its inception three years ago, MarketSmith India Performance Index, part of William O’Neil India, has been growing at a CAGR (compound annual growth rate) of 22%. The Nifty has grown by about 11% during the same period.

Thursday, April 20, 2017

.@BJP4Karnataka MLA suffered heart attack, admitted at Fortis Hospitals



Pratap Gouda Patil, Member of the Legislative Assembly, Government of Karnataka, was admitted at Fortis Hospital Cunningham Road on 17th April 2017. He was rushed to the hospital immediately after experiencing severe chest pain. Post diagnosis, it was confirmed that he had suffered a heart attack and an emergency angioplasty was conducted where a stent was inserted into the left coronary artery. Mr Pratap Gouda is being treated and monitored round the clock by a team of specialist doctors under the guidance of Dr Keshava, Interventional Cardiologist Fortis Hospital, Cunningham Road. He’s stable now and will be discharged in a few days’ time.

Thursday, April 13, 2017

Snowcem Paints adopts new logo and packaging

Amit Sahai, CEO & Executive Director, Snowcem Paints announced a revamp of its go-to-market (GTM) strategy in all major cities of India including Metros, Tier-II and Tier-III cities. Over 900 plus partners were revamped and reenergised during the partner’s meet in these cities. First test launch of the newly introduced comprehensive product range was done in Hyderabad on 9th December 2016.


'Keeping in mind customers’ and partners’ current needs and reinvent its’ corporate image, ‘Snowcem Paints’, has donned a modern avatar with the first biggest revamp in two decades,a remarkable expansion targeting engineers, builders, contractors, partners’ and consumers alike.Website has also been revamped to address performance shortfalls and specific challenges and serve as a vital tool for partners’, engineers, contractors, builders and consumers,' said Mr.Sahai.


The Indian paints industry was worth approximately Rs 14,000 crore in 2007-2008. The paints industry is expected to reach Rs 24,000 crore by 2011-12. The decorative paint segment is witnessing a shift from solvent-based paint to water-based paints. Emulsion paints are slowly replacing distempers.

Saturday, April 8, 2017

.@FICO Launches Cloud-Based Solution to Automate Small Business Lending Decisions

FICO® Small Business Scoring ServiceSM (SBSSSM), uses proprietary analytics to measure applicant risk, based on major consumer and commercial data sources.  SBSS can help smaller institutions make smarter decisions even when they don’t have the data in house. It does this by measuring and evaluating the capacity risk of small businesses applying for credit, using models built from pooled client data.
 

“Lenders lose out on new customer opportunities when they cannot meet small business borrowers’ requirements for a quick decision,” said Christine Pratt, senior analyst at Aite Group. “Origination solutions that speed up decisions while answering the institution’s need for transparency and credit risk management are well positioned to gain happy customers and loan share as the market improves.”

Lenders will also benefit from the cloud deployment of Origination Manager Essentials. Accessing the solution as a service ensures they can utilize the solution with little to no IT or infrastructure cost. It also allows for easy setup, scaling of operations and headache-free upgrades and maintenance.

.@Paytm aiming for 1 million+ merchants in South India in 2017

Paytm has claimed to have witnessed strong surge in demand as it continues to enable millions of merchants to accept digital payments using its zero cost QR Code-based payment solution. The company plans to add another 2,000 Paytm agents to its existing team to reach its goal of 1 million+ merchant partners by December 2017.


Paytm has recently launched customer and merchant help desks in its regional offices in all major cities like Banaglore and Hyderabad to resolve complaints & handle walk-in queries. It has made its platform available in10 different regional languages and launched a 24*7 Merchant Helpline to assist merchants across India accepting payments using its cashless payment solution.

Friday, March 17, 2017

Shankara Building Products planning to reduce its debt further post #IPO

Price Band for the Shankara Building Products IPO is fixed at Rs. 440 to Rs. 460 per Equity Share. The Offer will constitute at least 25% of the post Offer paid-up Equity Share capital of the Company.The Offer is being made through the Book Building Process.


The company expects to raise about Rs.45 crore by selling new shares, existing investor Fairwinds Trustees of Reliance PE will sell 5.7 million equity shares. Founder and managing director Sukumar Srinivas will sell 816,252 shares through the offer for sale (OFS) route.Shankara Building plans to use Rs.38 crore to retire debt and the rest for expansion of its retail network.