Daily Business News - 31st October 2021

Rise of Inflation

Be it fuel prices, cost of transportation, commodity cost, inflation is on the rise and everything is crawling up. Companies that are consumer facing have to raise their price since cost of the input have been hiked.

Unfortunately for companies it is not that easy, they cant get away with rising price because that would hurt their customer portfolio but if they don't their margins are going suffer.

Pre IPO PayTM

Starting of as a product just to put balance on your mobile phone, PayTM sure has achieved a lot. Not just charging utility, it evolved into digital wallet while also cornering E-commerce.

Its hot red in market right now and it has caught a lot of attention due to its upcoming IPO.

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The Asian Paints Price Hike Stroke

This paint business, which was once a stock market favourite, hasn't had a fantastic year. While the Sensex has increased by more than 50%, Asian Paints has only increased by 30%. The Synopsis Asian Paints, the world's largest paint manufacturer, has raised prices by just 3% a year for the past 20 years. That's correct, despite the fact that we've had to cope with out-of-control inflation everywhere, paint costs have never been an issue. The corporation, on the other hand, has finally rolled up its sleeves and is getting down to work. Asian Paints, the industry leader, is raising prices by 7–10 percent starting November 12th. Yes, it's advising everyone to spruce up their homes before Diwali. But, you may wonder, why the abrupt change of heart. Of sure, earnings are important. Sales increased by 32% year over year, from Rs 5,350 crores to almost Rs 7,000 crores, according to the company's latest figures (July-September). However, its net income dropped by 28%, f...

Conglomerates: The Break Up Story!

The Synopsis General Electric (GE) announced a few weeks ago that it will break its company into three independent publicly traded entities. The three new businesses will now concentrate on three distinct business lines: aviation, healthcare, and energy. Jet engines will be manufactured by a single business, which will be a behemoth in and of itself. The second will concentrate on healthcare, especially the production of life-saving medical equipment. Finally, the third firm, GE's bread and butter, will continue to light up the power market. These progeny are intended to function independently within a few years, with their own management teams and boards of directors. And, if all goes as planned, one of America's biggest and most valuable public companies will cease to exist as a conglomerate in a few years. But here's the thing: it's a trend that we're seeing all over the place . Johnson & Johnson (JNJ) followed GE's lead and announced its separation only ...

The Budget Melodrama

The Synopsis Sirens are presumably familiar to everyone who has read Greek mythology. The melodies of these mythological half-bird, half-woman creatures enticed mariners. If the sailors couldn't resist the Siren's singing, they'd fall into a trap and crash their ship onto the rocks. The Argonauts, a group of Greek heroes, devised a solution. They brought Orpheus, a musician, along on one of their journeys. How did it assist you? Orpheus, on the other hand, played loud music on his lyre, drowning out the Sirens' songs. The sailors were preoccupied. The Sirens did not seduce them, and the ship arrived in safe harbour. What's this, we're talking about Greek mythology? There's a reason behind that. Consider the Siren song to be the new pair of shoes you've been admiring, or a brand new phone...anything that tempts you to spend your hard-earned cash. You'll need a weapon like Orpheus' to battle that temptation. That is a reasonable budget for you. And...

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