Latest news with #Ramnani
Time of India
12-05-2025
- Business
- Time of India
What's in a name? Asks Hyderabad's famed Karachi Bakery as India-Pak war rages on
HighlightsKhanchand Ramnani named his bakery 'Karachi Bakery' to honor his family's roots after fleeing Sindh during the Partition in 1947. The bakery, famous for its globally acclaimed fruit biscuits, faces protests over its name amidst rising tensions between India and Pakistan. Vijay Ramnani, one of the promoters, emphasized that the name 'Karachi' is a common suffix among Sindhi businesses in India and has no ties to nationality or Pakistan. It was just a yearning for his lost home and the need to keep its memory alive that drove Khanchand Ramnani to name his business ' Karachi Bakery ' after his family sought refuge in Hyderabad post the Partition in 1947. Just like many other refugees from Sindh who incorporated Karachi into the brand names of their businesses, the Ramnani family went on to build one of the most sought after homegrown cookie brands on the back of the success of their now globally acclaimed fruit biscuits . Unfortunately, whenever tensions between India and Pakistan simmer, the brand comes under fire. Today too, as India and Pakistan battle rages along the country's borders, this successful Sindhi enterprise finds itself facing the brunt of protests objecting against the name 'Karachi'. After protests erupted in Hyderabad on Thursday, the promoters approached chief minister Revanth Reddy and the police seeking support in protecting their business. "My grandfather fled to India during Partition with his family with just the clothes on their back. He just wanted to keep the name of the place he came from and the legacy and heritage of our roots alive and decided upon the name. But Karachi Biscuits is a proud Hyderabadi brand that was born here," says Vijay Ramnani, one of the promoters of the bakery. Though initially reluctant to talk about the issue for fear of coming into the spotlight, Ramnani told TOI: "Karachi is a popular suffix to many stores adopted by Sindhis Hindus who migrated during the partition to various cities. I don't know why protesters are going after the name, which has nothing to do with nationality or Pakistan. We are just being unfairly targeted," he laments. Though Khanchand Ramnani passed away in the 1990's, the bakery that started out with one store at the iconic Moazzamjahi market in the old city of Hyderabad in 1953, has endured, growing to over 35 outlets across the country. "People love us for our taste. Four generations have grown up enjoying our biscuits in Hyderabad. My grandfather first started out supplying coal to transporters and then baking breads on that coal. He later went on to add cookies and fruit biscuits that are shipped across the world," he adds. The secret of the famed Karachi fruit biscuit, he says, is a closely guarded family secret that has travelled from Hyderabad in Pakistan to Hyderabad in India.
Time of India
10-05-2025
- Business
- Time of India
'Sindhi family came to India during partition': What's in a name? Asks Hyderabad's famed Karachi Bakery as India-Pak war rages on
HYDERABAD: It was just a yearning for his lost home and the need to keep its memory alive that drove Khanchand Ramnani to name his business ' ' after his family sought refuge in Hyderabad post the Partition in 1947. Tired of too many ads? go ad free now File pic of first Karachi Bakery outlet in 1953' Just like many other refugees from Sindh who incorporated Karachi into the brand names of their businesses, the Ramnani family went on to build one of the most sought after homegrown cookie brands on the back of the success of their now globally acclaimed fruit biscuits. Karachi Bakery outlet in MJ Market now Unfortunately, whenever tensions between India and Pakistan simmer, the brand comes under fire. Today too, as India and Pakistan battle rages along the country's borders, this successful Sindhi enterprise finds itself facing the brunt of protests objecting against the name 'Karachi'. After protests erupted in Hyderabad on Thursday, the promoters approached chief minister Revanth Reddy and the police seeking support in protecting their business. "My grandfather fled to India during Partition with his family with just the clothes on their back. He just wanted to keep the name of the place he came from and the legacy and heritage of our roots alive and decided upon the name. But Karachi Biscuits is a proud Hyderabadi brand that was born here," says Vijay Ramnani, one of the promoters of the bakery. Though initially reluctant to talk about the issue for fear of coming into the spotlight, Ramnani told TOI: "Karachi is a popular suffix to many stores adopted by Sindhis Hindus who migrated during the partition to various cities. I don't know why protesters are going after the name, which has nothing to do with nationality or Pakistan. We are just being unfairly targeted," he laments. Though Khanchand Ramnani passed away in the 1990's, the bakery that started out with one store at the iconic Moazzamjahi market in the old city of Hyderabad in 1953, has endured, growing to over 35 outlets across the country. Tired of too many ads? go ad free now "People love us for our taste. Four generations have grown up enjoying our biscuits in Hyderabad. My grandfather first started out supplying coal to transporters and then baking breads on that coal. He later went on to add cookies and fruit biscuits that are shipped across the world," he adds. The secret of the famed Karachi fruit biscuit, he says, is a closely guarded family secret that has travelled from Hyderabad in Pakistan to Hyderabad in India.
Business Insider
30-04-2025
- Business
- Business Insider
Piper Sandler Sticks to Its Hold Rating for PayPal Holdings (PYPL)
In a report released yesterday, Arvind Ramnani from Piper Sandler maintained a Hold rating on PayPal Holdings (PYPL – Research Report), with a price target of $70.00. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Ramnani covers the Technology sector, focusing on stocks such as Globant SA, Accenture, and Duolingo. According to TipRanks, Ramnani has an average return of -0.4% and a 46.93% success rate on recommended stocks. In addition to Piper Sandler, PayPal Holdings also received a Hold from Needham's Mayank Tandon in a report issued yesterday. However, on the same day, Monness reiterated a Buy rating on PayPal Holdings (NASDAQ: PYPL). Based on PayPal Holdings' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.79 billion and a net profit of $1.29 billion. In comparison, last year the company earned a revenue of $7.7 billion and had a net profit of $888 million Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PYPL in relation to earlier this year. Most recently, in February 2025, Gail Mcgovern, a Director at PYPL sold 2,446.00 shares for a total of $176,478.90.
Yahoo
26-03-2025
- Business
- Yahoo
Is Accenture Stock Going to $364? 1 Wall Street Analyst Thinks So.
At times, an analyst's price target cut can be a bit deceiving. The move doesn't necessarily mean the pundit has turned bearish on the affected stock. Often, it's more of an adjustment that leaves the basic investment thesis intact. That was the dynamic behind a recent fair-value assessment chop to storied business consultancy Accenture's (NYSE: ACN) stock by a prognosticator following it. As the stock market was about to close for the weekend on Friday last week, Piper Sandler's Arvind Ramnani pulled the lever on his Accenture price target cut. In his opinion, the stock could go to $364, down notably from his previous price target of $396. However, he maintained his buy recommendation. Even at the reduced level, Ramnani is anticipating an upside of 18.3% over the next 12 months from its current price. Ramnani's revision came one day after the company published its latest set of quarterly earnings, and provided a business update. According to reports, the analyst is concerned with uncertainty about the macroeconomy, as well as a possible decline in Accenture's business with clients in the public sector due to the current, aggressive cost-cutting push by the Trump administration. Ramnani also wrote that the quarter was a lackluster one for Accenture, with those factors contributing to flat bookings during the period. The pundit's (somewhat) revised take on Accenture is convincing, given recent developments, although I'm not so sure that I'd be bullish on the stock. A lot of uncertainty is swirling around our economy now, and the company might not be insulated from much of it. In down times, clients tend to cut their spending on consultancy services, so I don't think the timing is great for Accenture's shares at the moment. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $305,226!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $41,382!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $517,876!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of March 24, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Accenture Plc. The Motley Fool has a disclosure policy. Is Accenture Stock Going to $364? 1 Wall Street Analyst Thinks So. was originally published by The Motley Fool Sign in to access your portfolio
