What Else

One business in particular made a splash in what was the greatest week for Indian startups in almost a decade: Sigachi Industries. And in today's issue, we find out why investors are so enthusiastic about the firm. The Synopsis What is the purpose of Sigachi Industries? That was the major question last week, when PolicyBazaar and PayTM raised billions of dollars. Because Sigachi surpassed everyone on the block when it struck Dalal Street with a tremendous listing gain of 252.7 percent, while bringing home just $17 million during its IPO. To put it another way, if you had been assigned Sigachi shares during the IPO, your investment might have more than quadrupled. In fact, it closed the day 270 percent higher than the initial public offering price of Rs 163. It had the second-best initial public offering (IPO) debut ever. Isn't it incredible? However, we must once again face the elephant in the room. What exactly does the business do? In India, Sigachi is the major maker of MCC ...

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...

The Synopsis "When America sneezes, the world gets a cold," as the saying goes. Well, it's a term that gives you a sense of the US's worldwide influence— the impacts of globalisation and all that. However, India has its own version of the quote: "When America sneezes, India develops a cold." India develops a fever when Europe sneezes beside it." It's also a nice way to characterise the Indian IT sector. Because we owe approximately 70% of our exports to two regions: the United States and Europe. As a result, when these areas experience a slump, Indian IT suffers as well. When Covid-19 hit last year, for example, IT investors were on pins and needles. Why? Because the previous global recession, which occurred in 2008, was not nice to anybody in the business. Before the financial crisis, IT businesses' revenues were increasing at a rate of 30% each year. Soon later, it plummeted to 15%. Companies all throughout the world were forced to slash costs...