Issue of 22nd May-28th May 2023
LEAD ARTICLE
Online Moneylife Magazine
Adani Stock Saga: Clean Chit by SC Committee Raises Questions & Creates a Worrying New Template for Investigation
A Supreme Court (SC)-appointed expert committee could well become a preferred choice for corporate India, when faced with a major financial scandal requiring a ‘systemically important investigation’. On 6th May, an expert committee submitted a report on the Adani saga making a masterly, point-by-point legal case for exonerating the group and... Read More
REGULATIONS
US Judge Potter Stewart will be remembered for his famous definition of obscenity and pornography at a time when the US justice system was struggling to balance freedom of expression and the State’s job to maintain public decency. He quipped: “I shall not today attempt further to define the...
STOCKS
Earlier, the defence & aerospace sector in India was primarily accessible to foreign vendors. Now, the government has adopted a pro-Indian stance which favours Indian vendors. As a result, tenders are open exclusively to Indian vendors, while foreign vendors are no longer permitted to submit...
Moneylife Digital Team
Westlife Foodworld (Westlife), which holds the franchise for McDonald’s, reported the highest-ever fourth quarter sales in Q4FY22-23 supported by growth in smaller cities along with expansion of McCafé. Sales in Q4FY22-23 were up by 22.2% y-o-y (year-on-year) but declined 9% sequentially to...
Moneylife Digital Team
Pricing pressure in the US market continues to impact the generic pharmaceuticals industry. Hence, Granules India (Granules) is focusing on increasing its penetration in other geographies of the EU (European Union) countries.     In Q4FY22-23, sales grew by 16% y-o-y...
Moneylife Digital Team
Restaurant Brands Asia (RBA) reported growth in revenue and improvement in gross profitability due to phenomenal growth in Burger King (BK) café in India and significant cost-reduction measures. It is continuing to innovate and expand its menu in India with its ‘barbell strategy’; while, in...
Moneylife Digital Team
The reopening of China has dealt a heavy blow to Astec Lifesciences’(Astec’s) performance in the past two quarters. In Q4FY22-23, sales dropped by 53% y-o-y (year-on-year) to Rs127 crore. This decline was primarily attributed to soft domestic demand for its key products, influenced by...
Moneylife Digital Team
Tips Industries Ltd (TIL) announced its results for Q4FY22-23 on 12 May 2023. We had discussed TIL’s business and the special situation in detail in May 2021 (https://bit.ly/3II5KZ4).   TIL’s net sales increased 52% year-on-year (y-o-y) and 2% quarter-on-quarter (q-o-q) to Rs52 crore...
Moneylife Digital Team
Post-Diwali demand sluggishness and poor performance of Sri Lanka operations led to a moderation of growth for Sapphire Foods (Sapphire). It is further reducing its Pizza Hut (PH) store size in large cities, to reduce costs. It took a price hike in KFC in April 2023 and launched new menu...
Moneylife Digital Team
TAXATION
In the world of investing, maximising returns and minimising tax liabilities go hand in hand. As an investor, it is crucial to explore various opportunities offered by the Income-Tax (I-T) Act to maximise tax savings. By understanding the provisions and taking advantage of the available...
Moneylife Digital Team
CONSUMER ISSUES
One evening, Prasad (name changed) was busy winding up his routine work at the accounts department of Flagwell Pvt Ltd (name changed) when he saw a new WhatsApp message. He had received a message from a US number, but the profile photo was that of the company's managing director (MD). In the...
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