Apaar Bhatnagar

JSW Cement IPO on Hold: The Securities and Exchange Board of India (SEBI) has decided to put the proposed Initial Public Offering (IPO) of JSW Cement "in abeyance. 🔍 Key Highlights: JSW Cement's IPO Plans: The company aimed to raise ₹4,000 crore through a mix of an offer-for-sale and a fresh issue of shares. Purpose of the IPO: The funds were intended to repay existing debt and support a new project in Nagaur. JSW Group's Recent Market Activity: Last year, JSW Infrastructure, another arm of the JSW Group, made its entry into the equity markets. Financial Performance: Revenue for FY24 saw a modest increase of 3%, reaching ₹6,028 crore. However, profits took a hit, declining by 40% to ₹62 crore compared to the previous year. Stay tuned for more updates on this developing story and what it means for investors and the cement industry! #FinanceNews #IPO #StockMarket #JSWCement #Investment #SEBI #MarketUpdate #linkedin #topvoice #creativity

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The stock has experienced a substantial increase in its price, rising from 1644.25 INR on June 23, 2024, to 2710.65 INR currently. This represents a remarkable return of over 55% within 12 days. When considering an investment in a company, several key factors should be thoroughly evaluated to make an informed decision: Market capitalization (#marketcap) and #profit are interconnected metrics that provide insights into the financial health and valuation of a company. Here’s how they are linked: 1.       #Valuation and #InvestorPerception: Market cap reflects the total value that investors are willing to pay for a company's equity. It's essentially a reflection of the market's collective opinion on the company's future prospects, including its profitability. A company that consistently generates high profits is often valued more highly by investors, leading to a higher market cap. 2.       Earnings Per Share (#EPS): Profitability directly influences a company's earnings per share, which is calculated by dividing the company's net profit by the number of outstanding shares. Higher profits result in a higher EPS, which can positively impact the company's stock price and thus its market cap. 3.       #GrowthExpectations: Market cap not only considers current profits but also future growth expectations. A company with strong profitability and a track record of increasing profits is likely to have a higher market cap as investors anticipate continued growth. 4.       Sector and Industry #Comparisons: Market cap helps investors compare companies within the same sector or industry. Profitability metrics such as earnings growth rate and profit margins are crucial in determining whether a company's market cap is justified relative to its peers. 5.       #RiskAssessment: Investors often use profitability metrics alongside market cap to assess investment risk. A company with a high market cap but declining profits may face pressure to maintain its valuation, whereas a company with increasing profits may see its market cap rise as investor confidence grows. In summary, while market cap represents the market's valuation of a company, profitability directly influences this valuation by indicating the company's ability to generate earnings and sustain growth over time. Thus, understanding the linkage between market cap and profit is essential for evaluating investment opportunities and assessing a company's #financial #performance. Example: #GrowthExpectations #GRSE (GARDEN REACH SHIPBUILDERS & ENGINEERS LIMITED) A GOVERNMENT OF INDIA UNDERTAKING - MINISTRY OF DEFENCE #MakeinIndia Hindustan Times, 23 Jun 24: GRSE to build vessels worth $54 Million for German Firm (https://lnkd.in/gyrnWYTR) #sustainableinvesting

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🏆 **Management Lessons from KKR's IPL Victory** 🏏 If you're looking for a masterclass in management, take a page from the Kolkata Knight Riders' playbook. Here's how their winning formula can be applied to the corporate world: **CMD - SRK:** - Cool, composed, and confident. - He never interferes with the professionals' work. Instead, he shows up to cheer the team and boost their morale. - Lesson: Great leaders trust their teams and provide unwavering support. **CEO - Gautam Gambhir:** - Aggressive, professional, and dedicated. - He even offered to resign when he wasn't performing. SRK rejected the resignation, showing trust and belief in his abilities. - Lesson: True leadership is about accountability and the courage to take bold steps. **Employees - The Team:** - Highly paid, highly motivated. - Inspired to give their best performance every time. - Lesson: Invest in your people and create an environment where they can thrive. **And the Result?** - Three-time IPL champions. - Record holders for the longest winning streak in IPL history (14 matches). The synergy between SRK's charismatic leadership, Gambhir's strategic acumen, and the team's relentless drive exemplifies how diverse strengths can come together to create an unstoppable force.Remember, it's not just about having the right people; it's about creating the right culture. **Biggest Lesson:** - Just focus on doing your job. Individually we are tiny together as a team we are giant . Sometimes, simplicity and trust in your team are the keys to victory. हर एक परिणाम में big management lesson नहीं होता है भाई 😊as GG said Just Dare to Dream !. Korbo Lorbo Jeetbo | করব লড়ব জিতব 🏆 #KKR #Leadership #Management #IPL #Success #Teamwork #CorporateLessons #LeadMK

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Should I pursue MBA immediately after graduation? This complex question would have hit across many MBA aspirants and the answer is not simple. There is no settled view on this topic and there are divergent views,but the general perception is that one should wait, get some work-ex and then start preparation. There is no denying the fact that the Top Business Schools in India and abroad gives selection preference to students who have 2-3 years of actual work experience. The logic is that work and academic environments are drastically different. It is understood that Students who enter a MBA program directly from college will not have a real frame of reference for the world of business and will not effectively absorb the knowledge that is zooming by them in the classroom. Academia experience does not prepare people for the daily distractions that happen in a large and complex organization. Waiting 2-3 years before attending business school will: ☝ Let you make a more informed decision about whether you actually want to attend business school. ☝ Give you a better perspective on what you want to get out of business school. ☝ Give you the personal perspective to know what kinds of people you want to interact with in business school. ☝ Give you a dose of the real world so you can fully appreciate how unique of an opportunity business school is, and how to make the most of it. ☝ Give you more information to decide what kind of career opportunities you might seek coming out of business school. ✌ Those who have prior work- ex are preferred by companies during placement process and get decent pay package. 🙏 This is my opinion and others may have contrarian views. P.S. Please share your thoughts in the comment section. #mba #topbusinessschools #workexperince #dreamjobs

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I saw people commenting and circulating memes on Budget '24 targetting few points. Amidst, everyone is missing 3 important announcements. 1. Abolishment of Angel Tax 2. 1000 crore VC fund to boost space industry 3. ANRF 1Lakh crore fund to boost private sector innovations and startups There are some historical facts worth knowing to understand the importance. In 1st century AD, India commanded 30% world GDP. GDP per capita increased till AD 1500 and remained constant for next 2 centuries. This was majorly because of foreign invasions. But these invasions were ethnic, not structured towards siphoning wealth. GDP/capita reduced constantly after AD 1700, which marks the advent of western invasions. The policies targeted to curb local innovations and hence siphoned wealth. There is an interesting period between 1870-1913 where GDP/Capita improved. Do you know why? It was purely because British allowed TATA, Godrej, Birla to set up industries to counter European export. That's when TATA started steel plant. Investment in local innovations and industries is vital for any economy to grow.

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Following our recent Atomgrid investment announcement, numerous friends reached out asking about Merak Ventures' investment rationale & take on the India & Global Specialty Chemicals industry, which in turn translated into our latest article. In this article, I dive into the immense potential of India's Specialty Chemicals market & why Atomgrid is perfectly positioned to drive efficiencies in this rapidly growing sector. Link to the article in the comments below 🔗 PS - If you have a perspective on the Specialty Chemicals space, have done some research or made investments in the space previously, I'd love to chat & dive deeper! #Investments #MerakStories #SpecialtyChemicals #India #Atomgrid #LIPostingChallengeIndia

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As June 4 approaches fast, PSU stocks have started to rally significantly. Many winning stocks from the previous rally are making a comeback, including those in the railway sector (RVNL, IRFC, IRCTC), defence sector (HAL, Cochin Shipyard), and many other government-owned listed shares. In a post-budget interview recently, India's Finance Minister, Nirmala Sitharaman, said, "We are making sure that valuations of each PSU entity are kept up, they are improved upon, and markets should view them favourably." Call it their focused approach to improving efficiency or the Indian financial market's buoyancy, PSUs are expected to continue to rally if policy stability continues. Our team at Finding Outperformers recently conducted an analysis on this topic and explained why we continue to prefer 'Coal India' from the pack. Read our analysis below ⬇️ '𝐑𝐞𝐛𝐢𝐫𝐭𝐡 𝐨𝐟 𝐏𝐒𝐔𝐬'- https://lnkd.in/g9uwBVRA (Disc: Not a recommendation, DYOA) #psu #india #elections

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Kudos to mobile phone manufacturers for taking India’s electronics exports to new heights. Important to ponder if we can sustain the tempo without initiatives like PLI. Either way, high time to plan next steps -- strengthening India's involvement in Global Value Chains, enhancing domestic value addition and reducing reliance on imports for critical inputs.

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This one graph from the Statistical Review of World Energy says it all about why India needs to double down on clean energy and associated infrastructure and manufacturing ecosystem. The Union Budget 2024 covered some of the aspects, missed others (like Green Corridors 3.0) and somehow failed to convey the urgency. Hopefully the Budget is just one of the platforms and we will see more decisive and meaningful policy action for accelerating the energy transition in due course. Otherwise in a world so challenged by climate events this won’t cut it.

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Thought-provoking article by our Chairman. The idea that 'India's growth story is not just about speed, but also about stability and sustainability' resonates deeply. As we celebrate India's 100 years of independence, it's crucial to focus on building a strong foundation for long-term success. Let's prioritize inclusive growth, innovation, and responsible leadership to create a brighter future for all. #IndiaAt100 #SustainableGrowth #InclusiveDevelopment #ViksitBharat Rajiv Memani EY https://lnkd.in/gcfFRUQN

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JSW Steel India's leading steel manufacturer, is setting new benchmarks in sustainability with the launch of its SEED program—Sustainable Energy, Environment, and Decarbonization. Developed in collaboration with BCG, this pioneering initiative aims to reduce CO2 emissions intensity by 42% by 2030 and achieve carbon neutrality by 2050. The SEED program has already identified over 400 initiatives with the potential to cut emissions by 18 million tons by 2030. Beyond the environmental impact, these efforts are driving significant cost advantages through enhanced operational efficiency. This bold approach not only showcases JSW’s commitment to sustainability but also positions it as a model for industry-wide decarbonization. Find out more about BCG’s work with JSW in our latest client impact video here: https://lnkd.in/gcsX6Urn #Sustainability #Decarbonization #SteelIndustry

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In BITS & BYTES: The week that went by (2nd September) 1. Transformation into a DEEP-TECH company – said Shri Mukesh Ambani in the recent AGM for Reliance. How Oil-to-Chemical conglomerate has transformed into a “net producer of technology”. Two important aspects: i.) Democratising AI (remember a 15-paise per minute mobile call??) ii.) The largest private sector company’s focus on AI & Deep-Tech augurs well for taking them to the common man through their Jio platform. It is said capitalism is bad, but it also brings many virtues like offering stuff to crores of Indians at affordable prices. Ambani's focus highlights AI as not just a trend but a cornerstone for future growth, positioning India at the forefront of the global tech race. 2. China continues to dump their stuff amid new tariff walls which are getting elected regularly. Only 40% of their GDP depends on their domestic consumption (other nations have more than 55-70% of their GDP dependent on domestic consumption).  With China’s real estate sector in deep trouble, already ageing population, high debt-GDP ratio and dwindling domestic demand – China is definitely moving towards creating a RISKIER global scenario. Will wait & watch!! 3. INR touched an all-time low of 83.97 against the dollar, but a powerful comeback could be on the horizon! Global investor Ruchir Sharma predicts the Rupee could rally to 80 as the dollar's dominance wanes. He says next 5-10 years, most emerging markets including India will outperform global growth by a large margin. As the dollar weakens, capital flows to emerging markets like India are expected to surge, boosting the rupee and strengthening India’s global influence. This could make our IT services exports and running of GCC costly – and may have a slight negative impact if the Rupee touches 80 over the next 10 years. 4. Amidst all this raging war; it was interesting to see Israel stock Indices touching a yearly high last week and inching closer to an all-time high. Yes, beyond a point we do not know anything. 5. Intel was 3x the size of Nvidia in 2021 and in the tide turning in 2024 – Nvidia will become 2x of Intel. Wow! Will be interesting to see how 56 years old Chipmaker (Intel) will unfold their future course. 6. Braveheart, Sheetal's jaw-dropping performance is a testament that nothing can halt her quest for Olympic glory. India's armless archer, Sheetal Devi, just set the Paris Paralympics ablaze. A blazing beacon for every dreamer in India, showing that with grit and spirit, even the sky’s not the limit. 7. Vistara, favorite of many fliers including me, will go sunset way on November 12 as it merges with Air India. Indian aviation sector going the DUOPOLY way ?? With Spicejet struggling and IndiGo surging – it would be 2 big DADDIES of Indian skies ie Air India and Indigo. Akasa still catching up. Will we have to pay a higher fare??              Have a great week ahead!

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Government seems keen on reducing pendency, but don't be alarmed if SPL1s are thrown out as swiftly as they are filed. Here are some innocuous goings-on: a) Consensus (about #amnesty) was reached long before Jul 2024 b) Construct (of rule) so inelegant, like a draft on night of 7/8 Oct c) Construct (of forms) so pedestrian, that Jan 2025 is too late d) Yet pay off dues by Mar 2025 is too soon e) Unwillingness to defer (APL1) disposal is alarming f) Eagerness to invoke 78 is disheartening g) And 75(2) relief is not forthcoming. Say, there will be 1 mil. SPL1s filed by Jun 2025 and another 1 mil. SPL2s by Dec 2025 (A). SPL3 must be issued within A+3 mts. (N). And reply filed within N+1 (R). If reply not satisfactory, issue SPL7 within R+3. And everyone knows, not all SCN-OIOs are online. SPL1/2 for offline cases will have to be verified manually. Online ones will obviously not be auto-approved either. And if some tool is used to auto-verify, then 'human stupidity' will be in for such monumental mistrust that 'artificial intelligence' will glitch and dish out SPL3. Aggravated by great peril - in issuing SPL7 (in place of SPL5) - that will befall POs that 'when in doubt issue SPL5' will be the way to go. At the very least, issue SPL3 and avoid erroneous SPL5. When POs are petrified, FAAs will loath issuing SPL6. How many "only interest" (FAQ4) cases are pending at various stages? New-found wisdom teaches that somehow these cases fit into 75(12). And how may "only tran credit" (FAQ11) cases are pending? If RP has made a slip, why not move entire demand into recovery. Good faith will be evident if "31 Mar 2025" is moved to a date when "online functionality is operational + 5 mts.". After all, that was the opportunity Legislature allowed. Ask yourself when someone is deceived, who is responsible? One who was so darn gullible to be easily deceived or Deceiver who pulled it off? Unless there have never been instances where #GST has failed diligent taxpayers, one can hope SLP3s will be few and far between. But.... GSTN advisory that functionality will be available only in the "first week of Jan 2025" is disappointing, to put it politely. And if there is no extension of "last date", that will be insincere, to avoid putting it discourteously. RPs must be at their very attentive best while filling out SPL1 or SPL2. RPs must NOT outsource this service. And no one must take responsibility to file these forms. After all, this is a very precious and final opportunity for RP to bring quietus to disgusting gaffes caused in the 3 years this scheme covers. Appeal against SPL7 must NOT be on merits (of underlying demand) but be limited to (i) coverage of #scheme (ii) application filed within limitation and (iii) satisfaction of pre-condition. It's this last one that will cause great angst to RPs because payments (against demands) have been made via DRC3, DRC13 and even 3B, that will not be admitted in 3A for variety of reasons, including natural stupidity!

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Pages from #InsideTheOffice Amidst the lively streets of Mumbai, where noise and activity never seem to cease, there existed a renowned company celebrated for its outstanding products and inventive concepts. This company, under the guidance of the visionary Aarti Mehta, had gained recognition for its excellence in the domain of consumer goods. Aarti's steadfast dedication to accountability served as the cornerstone of the company's achievements, propelling it forward as a shining example of innovation. From the moment Aarti assumed the role of CEO, she made it her mission to cultivate a culture of accountability within the organization. She firmly believed that when individuals took ownership of their actions and responsibilities, it would lead to greater success for the entire company. Aarti understood that accountability was not just about assigning blame but rather about taking charge of one's duties and commitments. Aarti's dedication to accountability permeated every aspect of the company's operations. She led by example, demonstrating transparency and integrity in her decision-making process. Aarti encouraged open communication and collaboration among her team members, fostering an environment where everyone felt empowered to voice their ideas and concerns without fear of judgment. One particular day, as a major product launch loomed on the horizon, Aarti gathered her team for a strategy meeting. The air was filled with excitement and anticipation, but there was also a sense of pressure to deliver results. Aarti knew that accountability would be crucial in ensuring the success of the launch, so she challenged each team member to take ownership of their respective tasks and deadlines. As the launch date drew nearer, inevitable challenges arose. There were supply chain delays, last-minute design changes, and unforeseen logistical hurdles to overcome. However, instead of succumbing to panic or frustration, the team rallied together, united by a shared sense of purpose and accountability. Aarti provided support and guidance to her team members, but she also empowered them to find solutions on their own. She trusted in their abilities and encouraged them to think creatively, knowing that true innovation often emerged from moments of adversity. At last, the eagerly anticipated launch day dawned, and an electrifying sense of excitement filled the air. As the product made its debut on the shelves, it surpassed all predictions, receiving enthusiastic praise from both customers and industry experts. It marked a moment of immense pride for everyone involved, highlighting the effectiveness of accountability and teamwork. Pavithra Urs, #CreativeThinking #CustomerCentric #CorporateCulture #InspiringLeaders #AccountabilityMatters #SuccessCulture #LeadershipGoals #EmpoweredTeams #TransparentLeadership

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Unlock the future with Vinishka Infratech, where technology evolution meets sustainability, powered by cutting-edge solutions from our esteemed partners, Stirling India Pvt Ltd and Optimas Energy Solutions. Transform your business into a beacon of innovation today! Cryogenics: Imagine unlocking the secrets of the universe through extreme cold. Cryogenics is your gateway to unparalleled precision and innovation. Dive into a world where temperatures drop to reveal new possibilities in storage, transportation, and even food preservation. Utilize the chill to refine industries, bring bold ideas to life, and keep your operations ahead of the curve. Green Hydrogen: Picture a world where energy is clean, limitless, and sustainable. Green hydrogen symbolizes the future—transforming solar and wind energy into eco-friendly fuel. Embrace this green revolution, reduce your carbon footprint, and lead the way in smart, responsible energy consumption. Invest in green hydrogen and become a pioneer in paving pathways to a sustainable tomorrow. Industrial Segment: Visualize your business as a powerhouse of efficiency and growth. The industrial segment serves as the backbone of advancements in manufacturing and infrastructure. By integrating cutting-edge technology and innovative solutions, it leads to increased productivity and robust results. Step into the forefront of industrial evolution, enhancing performance and securing a competitive edge. #FutureUnlocked ##StirlingIndia #OptimasEnergy #VinishkaInfratechProjects #SustainableTech #TechPartners #CuttingEdgeSolutions #InnovationBeacon #GreenGrowth #TechEvolution

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First budget of the new government. Renewed focus on Energy Transition and boost to investment in the sector expected.. read on. #indianbuget #energy transition #grantthorntonbharat #renewableenergy #energyefficiency

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No doubt, The Future is Cool Not only because of AI but also rapid advancement in many other technologies. This is my this month’s read; interesting insights from book: - the additional amount of renewable energy; we will generate in India in next decade may only be consumed by increasing demand of cooling technologies such AC etc. ( The chilling effect) 🔥 - District cooling system may be future of India for some large project or smart city - AI is solving complex medical inventions from existing data; which could have taken years🧠 - A self-growing soft robot exists😳 - Bio-diversity also have DNA - Known as eDNA🏞️ - book recommendation - Fluke (Why everything we do matters) PS - Hopefully, we will cope-up with future. By fluke, I bought this book at Airport. Shaastra, IIT Madras - Great work and publication !!👏👏👏

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The Coal Ministry has sought proposals from public and private sector players for Coal Gasification projects under the INR 8,500 cr. viability gap funding scheme which had been approved by the Union Cabinet in Jan this year. China has very successfully monetized its indigenous coal resources to meet its Energy, Chemical, and Petrochemical demands. 90% of China’s Ammonia and 70% of Methanol are through Coal Gasification. While there are several Gasification Technology challenges for India primarily due to the higher ash content in indigenous coal, the support being received from the GoI is very encouraging. Gasification projects would have a cascading effect on the entire Indian Chemicals Industry. Please do read my earlier publication in the Chemicals Digest Magazine on the same topic. Also please feel free to get in touch to discuss any insights/trends in the Chemicals/Oil & Gas/Energy Sector

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