MD of the Company, Mr Chander Agarwal claims to have recently concluded the initial trials. In the trials conducted in Ahmedabad, medicines and other urgent/immediate delivery packages weighing 5-10 kgs were delivered to the customers, he said. The trials were conducting in collaboration with a start-up and made in India drones were used, he further … Read more
In June, the government had advanced the target of achieving 20% ethanol in petrol (E20) by five years to 2025. At present, the average blend is around 8-9%. Given the overall better prospects, Triveni announced a capex of Rs 350 crore to more than double it’s distillation capacity over the next 9 months. Key points … Read more
Zomato announced that it is stopping it’s pilot of grocery delivery services from September 17th. Reasons mentioned by the Company – It’s inability to provide good quality customer service consistently especially due to the increased customer expectations with 15 minute delivery promise. It’s investment in Grofers that it believes would handle this segment better and … Read more
Motherson shared it’s Vision 2025 with investors whereby it targets to achieve $36 bn of revenues by FY 25. This is almost 4.5x of Rs 60,000 crore ($8 bn) of revenues reported in FY20 i.e., an implied CAGR of about 35%. Company’s revenue CAGR in previous 10, 5 and 3 yrs was 25%, 12% and … Read more
Company classifies it’s business into four segments – eSports, Gamified Early Learning, Freemium Gaming and Real Money Gaming (RMG). As of now about 80% of company’s business is accounted for by first two and RMG is insignificant at about 2-3%. It’s a stated expectation of the Company that over years, it expects the business to … Read more
The Company is in the process of expanding it’s production capacity of solar glass by adding a 3rd furnace (SG-3) of 550MT/ day that would more than double it’s total current capacity of about 500 MT. This would allow the Company to cater to a total solar industry demand of about 5GW annually as against … Read more
Last year i.e., 2020, at its annual general meeting, Tata Motors had announced its aim to become a debt free company within the next three years. Timelines seems to have shifted by a year. However, given Covid related disruptions, it’s still acceptable. For reference, the Company reported a Gross debt of Rs 1,50,211 crore and … Read more