Latest news with #CoR
Business Upturn
6 days ago
- Business
- Business Upturn
16 NBFC licences cancelled by RBI, 2 restored
The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of 16 Non-Banking Financial Companies (NBFCs) under Section 45-IA (6) of the RBI Act, 1934. With this action, these entities can no longer operate as NBFCs in India. The cancellations were issued between July 7 and July 25, 2025, and include companies such as Wadhawan Global Capital Ltd, Praptee Savings & Investment (India) Ltd, Sharmistha Investments Pvt Ltd, Softfin Investments Pvt Ltd, Tele Link Securities & Finance Ltd, Tyche Securities Pvt Ltd, Bharat Monetary Services Pvt Ltd, NCS Finance Pvt Ltd, Geopreneur Fincorp Pvt Ltd, Indo-Euro Investments Company Ltd, Investrick Securities (India) Pvt Ltd, Jem Fiscal Ltd, Karvirvasini Investments & Finance Pvt Ltd, Kaundinya Investment & Finance Pvt Ltd, Silver Golden Property Develop Fin Investment Ltd, and Simplex Trading & Agencies Ltd. The RBI clarified that these companies are no longer permitted to carry out any NBFC-related activities as per clause (a) of Section 45-I of the RBI Act. Meanwhile, the central bank has restored the CoR of two NBFCs — Shabros Fin-Vest Pvt Ltd and Alpine Finlease Limited — following favourable orders from the Appellate Authority and relevant courts. The RBI has advised these reinstated firms to strictly comply with the RBI Act provisions, guidelines, and reporting requirements. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
6 days ago
- Business
- Business Upturn
15 NBFC licences cancelled by RBI, 2 restored
By Aman Shukla Published on August 13, 2025, 16:05 IST The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of 15 Non-Banking Financial Companies (NBFCs) under Section 45-IA (6) of the RBI Act, 1934. With this action, these entities can no longer operate as NBFCs in India. The cancellations, issued between July 7 and July 25, 2025, include several Maharashtra-based firms such as Wadhawan Global Capital Limited, Praptee Savings and Investment (India) Limited, Sharmistha Investments Private Limited, Softfin Investments Private Limited, Tele Link Securities and Finance Limited, Tyche Securities Pvt Ltd, and Bharat Monetary Services Pvt Ltd (also known as Bharat Udyog Limited). Other cancelled licences include those of NCS Finance Pvt Ltd (Kerala), Geopreneur Fincorp Pvt Ltd, Indo-Euro Investments Company Limited, Investrick Securities (India) Pvt Ltd, Jem Fiscal Limited, Karvirvasini Investments and Finance Pvt Ltd, Kaundinya Investment and Finance Pvt Ltd, Silver Golden Property Develop Fin Investment Limited (VAB Ventures Limited), and Simplex Trading and Agencies Ltd (Gujarat). The RBI clarified that these companies are no longer permitted to carry out any NBFC-related activities as per clause (a) of Section 45-I of the RBI Act. Meanwhile, the central bank has restored the CoR of two NBFCs — Shabros Fin-Vest Pvt Ltd and Alpine Finlease Limited — following favourable orders from the Appellate Authority and relevant courts. The RBI has advised these reinstated firms to strictly comply with the RBI Act provisions, guidelines, and reporting requirements. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Techday NZ
05-08-2025
- Automotive
- Techday NZ
Microlise launches ANZ roadshow on safety & digital transformation
Microlise has announced a new executive roadshow targeting safety, compliance, and digital transformation challenges in the fleet and supply chain sectors in Australia and New Zealand. The event, named The Road Ahead, will visit Melbourne, Sydney, and Auckland, bringing together senior leaders and decision-makers from across the transport, logistics, and supply chain industries. The programme is designed to address the disconnect between reported safety practices and perceptions among drivers and managers in the region. The latest Heavy Vehicle Industry Safety Survey highlighted a significant disparity in ongoing safety training, with only 50% of drivers agreeing they receive relevant safety training on a continuing basis, compared with 83% of managers. This indicates a gap in communication and training approaches between different tiers of the workforce. Additionally, one in four respondents in the sector report having little or no understanding of the Chain of Responsibility (CoR), a key legislative framework governing workplace safety for transport and logistics providers. The survey also noted that just 57% of drivers said they received safety induction training, despite increasing regulatory and public scrutiny across Australia and New Zealand. Industry collaboration The roadshow is structured as a half-day event featuring expert panel discussions, networking opportunities for C-suite and senior fleet leaders, live demonstrations of transport management technology, and case studies highlighting operational return on investment and efficiency improvements. Speakers and contributors will include representatives from Austroads, Logmaster, the Supply Chain & Logistics Association of Australia, and senior Microlise executives from both regional and global offices. Microlise Managing Director for APAC operations, Luke Olsen, described the event as an opportunity to facilitate open discussion across the industry. Olsen stated, "We're thrilled to connect directly with the senior leaders driving transformation across ANZ's transport and logistics ecosystem. The roadshow is not just about showcasing our technology. It is about bringing people together to share ideas and talk about what really works when it comes to running safer, smarter fleets." Olsen also drew attention to recent survey findings, adding, "This is especially relevant given recent Heavy Vehicle Industry Safety Survey findings, which reveal that one in four respondents have limited or no understanding of Chain of Responsibility. This is a critical gap that puts both businesses and frontline workers at risk." "At the same time, operators continue to face challenges such as driver shortages and change management, to the complexities of digital transformation, disconnected technology ecosystems and the need to embed consistent safety practices across diverse fleets." Ongoing challenges The events are also expected to address the increasing time constraints faced by drivers and fleet managers. According to the Heavy Vehicle Industry Safety Survey, 27% of general freight workers indicated that work is not scheduled in a way that minimises time pressures. These operational pressures, coupled with only 57% of drivers receiving safety induction training, point to the need for industry-wide dialogue and coordinated solutions. In addition to discussions on safety and compliance, the roadshow will provide attendees with access to live product walkthroughs led by Microlise's Pre-Sales and Product teams. These sessions aim to demonstrate current trends and technological advances relevant to Australian and New Zealand fleets. Growth in ANZ The ANZ market is now Microlise's fastest-growing region globally. The company recently reported triple-digit growth in professional services for FY2024 and announced new customer agreements with organisations such as Woolworths, Morco, and Foodstuffs South Island. Senior executives from Microlise's UK headquarters will also participate in the events to provide an international perspective on fleet management challenges and responses. Microlise's executive roadshow seeks to foster greater industry alignment on safety, technology, and operational standards as fleet operators navigate evolving demands in the ANZ region.
Time of India
14-07-2025
- Business
- Time of India
DMart share price target goes up to Rs 5,466. Should you buy or sell after Q1 results?
CLSA: Most bullish with Rs 5,466 target Axis Securities: Recovery likely in H2, target at Rs 4,810 Motilal Oswal: Strong long-term story, but trims estimates Live Events JP Morgan: Margin weakness to persist Nuvama: Cautious on margin trend, trims PAT estimates HSBC: Value proposition under threat, target price hiked PL Capital: Hold on limited upside, target price slashed Kotak Institutional Equities: Most bearish with target of Rs 3,450 Buy for the long term or wait for better entry? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Brokerage views on Avenue Supermarts , the operator of DMart retail stores, are sharply divided following the company's Q1 FY26 results, with target prices ranging from Rs 3,450 to Rs 5,466, after the supermarkets operator reported a modest 2% year-on-year rise in net profit, while operating margins continued to shrink amid rising costs and intensifying brokerages remain optimistic, backing DMart's long-term growth potential, robust store economics, and the prospect of recovery in high-margin segments such as general merchandise and apparel. Others, however, remain cautious, flagging persistent margin pressures and mounting competitive intensity from both offline peers and quick commerce healthy revenue growth of 16% and a like-for-like (LFL) sales increase of 7.1%, analysts highlighted the continued erosion in gross margins—marking the fifth straight quarter of margin compression, as a key has the most optimistic outlook on DMart, assigning it a target price of Rs 5,466 and an 'accumulate' Securities maintained its 'buy' rating with a target price of Rs 4,810, the second highest among peers. While acknowledging margin contraction of 74 basis points to 7.9% in Q1, the brokerage expects a recovery in the second half of FY26, aided by festive demand, stabilising macro conditions, and efforts to revive the General Merchandise & Apparel (GM&A) Oswal reiterated its 'buy' call but lowered the target to Rs 4,500 from Rs 4,800, citing margin pressures and higher operating costs.'We cut our FY26-28E EBITDA by ~2-3% due to lingering pressure on GM and rising CoR,' the brokerage said, adding that competitive intensity in FMCG and quick commerce will weigh on near-term performance. However, the brokerage remains confident in DMart's superior store economics and long-term Morgan maintained its 'neutral' rating with a target price of Rs 4,150, flagging ongoing margin stress due to a 30 basis point decline in gross margin and sustained pricing pressure in the FMCG brokerage also cited rising entry-level wages and continued investments in capacity and service levels as additional drags. While the brokerage remains constructive on DMart's execution and store expansion, it expects the stock to trade sideways in the near term, absent a clear margin maintained a 'hold' rating and cut its target price to Rs 4,086, citing ongoing competitive pressures. 'We estimate margin pressure shall continue given the sustained competition within the FMCG space,' the brokerage said. While top-line growth was robust, EBITDA margin dropped 66 bps due to wage inflation and higher service Global Research kept its 'reduce' rating but marginally raised the target to Rs 3,600, stating, 'DMART's EBITDA margin showed yoy decline for the fifth consecutive quarter as competitive pressures continue.' The brokerage flagged a diminishing value proposition due to quick commerce, saying, 'intense competition has presented a challenge for DMART—it has become a trade-off between SSSG and margin stability.'PL Capital also maintained a 'hold' rating and revised its target down to Rs 3,923. The brokerage warned of continued margin headwinds due to e-commerce and quick commerce competition, combined with higher overheads and a soft demand environment. 'We cut our FY26/FY27 EPS estimates by 1.0%/1.9%... maintain Hold,' the brokerage retained its 'sell' rating with a target price of Rs 3,450, calling the 16.3% revenue growth 'tepid.' The brokerage flagged 'continued price competition in the FMCG category' and 'higher-than-expected costs,' resulting in a sharp EBITDA margin decline.'We retain a cautious stance on the stock in view of the expensive valuations and rising competitive intensity,' the brokerage brokerages like CLSA, Axis Securities and Motilal Oswal remain bullish, betting on DMart's scalability and long-term positioning, others such as Kotak, HSBC and PL Capital are wary of structural margin challenges and rich stock currently trades around Rs 4,040.60, down 0.6% on Monday. With Q1 showing stable revenue growth but further margin compression, investors face a choice: ride the long-term consumption story or wait for more clarity as competitive dynamics evolve.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
14-07-2025
- Business
- Economic Times
DMart share price target goes up to Rs 5,466. Should you buy or sell after Q1 results?
CLSA: Most bullish with Rs 5,466 target Axis Securities: Recovery likely in H2, target at Rs 4,810 Motilal Oswal: Strong long-term story, but trims estimates Live Events JP Morgan: Margin weakness to persist Nuvama: Cautious on margin trend, trims PAT estimates HSBC: Value proposition under threat, target price hiked PL Capital: Hold on limited upside, target price slashed Kotak Institutional Equities: Most bearish with target of Rs 3,450 Buy for the long term or wait for better entry? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Brokerage views on Avenue Supermarts , the operator of DMart retail stores, are sharply divided following the company's Q1 FY26 results, with target prices ranging from Rs 3,450 to Rs 5,466, after the supermarkets operator reported a modest 2% year-on-year rise in net profit, while operating margins continued to shrink amid rising costs and intensifying brokerages remain optimistic, backing DMart's long-term growth potential, robust store economics, and the prospect of recovery in high-margin segments such as general merchandise and apparel. Others, however, remain cautious, flagging persistent margin pressures and mounting competitive intensity from both offline peers and quick commerce healthy revenue growth of 16% and a like-for-like (LFL) sales increase of 7.1%, analysts highlighted the continued erosion in gross margins—marking the fifth straight quarter of margin compression, as a key has the most optimistic outlook on DMart, assigning it a target price of Rs 5,466 and an 'accumulate' Securities maintained its 'buy' rating with a target price of Rs 4,810, the second highest among peers. While acknowledging margin contraction of 74 basis points to 7.9% in Q1, the brokerage expects a recovery in the second half of FY26, aided by festive demand, stabilising macro conditions, and efforts to revive the General Merchandise & Apparel (GM&A) Oswal reiterated its 'buy' call but lowered the target to Rs 4,500 from Rs 4,800, citing margin pressures and higher operating costs.'We cut our FY26-28E EBITDA by ~2-3% due to lingering pressure on GM and rising CoR,' the brokerage said, adding that competitive intensity in FMCG and quick commerce will weigh on near-term performance. However, the brokerage remains confident in DMart's superior store economics and long-term Morgan maintained its 'neutral' rating with a target price of Rs 4,150, flagging ongoing margin stress due to a 30 basis point decline in gross margin and sustained pricing pressure in the FMCG brokerage also cited rising entry-level wages and continued investments in capacity and service levels as additional drags. While the brokerage remains constructive on DMart's execution and store expansion, it expects the stock to trade sideways in the near term, absent a clear margin maintained a 'hold' rating and cut its target price to Rs 4,086, citing ongoing competitive pressures. 'We estimate margin pressure shall continue given the sustained competition within the FMCG space,' the brokerage said. While top-line growth was robust, EBITDA margin dropped 66 bps due to wage inflation and higher service Global Research kept its 'reduce' rating but marginally raised the target to Rs 3,600, stating, 'DMART's EBITDA margin showed yoy decline for the fifth consecutive quarter as competitive pressures continue.' The brokerage flagged a diminishing value proposition due to quick commerce, saying, 'intense competition has presented a challenge for DMART—it has become a trade-off between SSSG and margin stability.'PL Capital also maintained a 'hold' rating and revised its target down to Rs 3,923. The brokerage warned of continued margin headwinds due to e-commerce and quick commerce competition, combined with higher overheads and a soft demand environment. 'We cut our FY26/FY27 EPS estimates by 1.0%/1.9%... maintain Hold,' the brokerage retained its 'sell' rating with a target price of Rs 3,450, calling the 16.3% revenue growth 'tepid.' The brokerage flagged 'continued price competition in the FMCG category' and 'higher-than-expected costs,' resulting in a sharp EBITDA margin decline.'We retain a cautious stance on the stock in view of the expensive valuations and rising competitive intensity,' the brokerage brokerages like CLSA, Axis Securities and Motilal Oswal remain bullish, betting on DMart's scalability and long-term positioning, others such as Kotak, HSBC and PL Capital are wary of structural margin challenges and rich stock currently trades around Rs 4,040.60, down 0.6% on Monday. With Q1 showing stable revenue growth but further margin compression, investors face a choice: ride the long-term consumption story or wait for more clarity as competitive dynamics evolve.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
