Sankalp Srivastava

GQG partner increase stake Patanjali Foods US-based investment firm #GQGPartners has #acquired a 5.96% stake in Patanjali Foods, an #edibleoil firm promoted by #Baba Ramdev-led Patanjali #Ayurved, through the Offer For Sale (#OFS) route. This #investment is worth nearly Rs 2,900 crore at the current valuation. GQG Partners has been increasing its #exposure to #India, having previously invested in #AdaniGroup companies and holding positions in companies like #ITC Ltd. and #SunPharmaceutical Industries Ltd.[3]. Patanjali Foods is a #FMCG firm that reported a 15.3% drop in revenue for its mainstay edible oils business and a 64% growth in revenue for its FMCG business in the last fiscal.

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Cleartrip's Aditya Agarwal steps down as CFO; Akshat Mishra to take over as head of business finance Agarwal’s departure comes after nine years of service at Cleartrip, wherein he was instrumental in shaping its’ financial strategy and organisational growth. Read more👇 https://lnkd.in/d-CBbZ9h #digitalmarketing #marketing #socialmedia #business #entrepreneur #branding #socialmediamarketing #contentmarketing #growthhacking #marketingstrategy #growthmindset #leadgeneration #sales #engagement #communitybuilding #influencermarketing #results #impact

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Some interesting takeaways: 1. Despite fintech being a "hot" space, only 4 brands out of 15 (<30%) are viewed favorably by Indian consumers 2. In the entertainment space only 3 Indian brands are ranked positively again despite Bollywood being so popular. So what differentiates winners from losers? My view is: 1. user friendliness 2. consistency of delivery 3. broad range of options to suit every user Anything I'm missing? #brands #india #consumer #fintech #media

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WhatsApp images, piece of paper, without corroborative evidences , cannot be the basis of additions: ITAT Surat ACIT Vs Shanker Nebhumal Uttamchandani (ITAT Surat) Appeal Number : ITA No. 321/SRT/2022 Facts: 1. The AO added Rs. 5.31 lakhs as unexplained expenditure on furniture, solely based on a WhatsApp image, without confirming whether the furniture was actually purchased. 2. Similarly, another addition of Rs. 3.00 lakhs under Section 69A of the Act, labeled as unexplained money, was made based on a digital image containing coded figures. 3. An addition was made of Rs. 17.02 crores which consists of Rs. 13.30 crores as unexplained money and Rs. 3.72 crores as unexplained interest. A photo containing certain details were found in the digital device of Naresh Agarwal, which led to the addition. 4. An addition of Rs. 34.56 crores was made on account of unexplained money, based on a page relating to land transactions found during the search. However crucial details such as the location of the land or the parties involved in the transactions were absent. Additionally, the document was not in the handwriting of the assessee or his family members. ITAT Surat held as below: 1. The source of WhatsApp image was not investigated by Assessing Officer. Assessing Officer nowhere mentioned whether such image was confronted to the assessee during the search action or his statement was recorded for such image. 2. There is no material on record to suggest that figure relating to unexplained money was confronted with Naresh Agarwal (person on whose phone the images were found) nor addition is based on his statement. 3. On independent examination of facts relating to land transactions found on a piece of paper, we find that neither the Assessing Officer has brought any corroborative evidence nor further investigated the fact nor referred any corroborative evidence if collected during the search action by the Investigation Wing. 4. The appeal of the revenue is dismissed. CA Mrattunjay Varshney

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Global payments company American Express announced it will open its nearly one-million square feet campus in Gurugram, Haryana. Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

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In our ongoing elections, #water is a big issue. Our prime minister wants to provide piped connections to all Indian households as part of "har Ghar jal" campaign. With several parts of the country being severely affected by water crises, the urgency is understandable. I'm reading Baburnama as part is my weekend reading and this passage struck out to me in this regard: Babur has just entered Hindostan (India) and says that the country is blessed by God - one can dig anywhere on a dry river bed and find drinkable water within a depth of 3-5 feet, even in "water dry courses". Compare that to the 20-40 feet depth of water table in most parts of India today. Delhi is on the banks of Yamuna and average water table is now below 60+ meters below ground level. Even when you hit water, it is not drinkable without serious decontamination and reverse osmosis. In 900 years, our water tables have gone down anywhere between 5x-100x. Cities like #Bangalore are facing acute shortages. #Gurgaon has always had that problem. And so on. What does it mean? 1) Babur's grandson, Akbar, built Fatehpur Sikri but had to abandon it due to water scarcity. Many of our tier 1 cities are traversing that arc. 2) We need a strong focus on #sustainability practices. As we are growing economically, more and more Indians continue to buy dishwashers and automatic laundry machines. We need innovations to meet these needs in newer, less water intensive ways.

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A lot of Indian startups with foreign registered offices across US, Singapore etc are shifting their registered entities to India due to reasons like rising valuations in Indian markets and operational efficiencies. In the recent past, Phone Pe, Zepto, Groww, Pine Labs have either moved their registered offices back to India or are in the process of redomiciling back to India. It is important to structure the whole transaction of reverse flipping from tax and commercial angle as it involves navigating through complex regulatory and taxation issues of both the countries. https://lnkd.in/gVsdvdDG

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Honasa Consumer Limited announces the release of our first-ever Social Impact Report– "Driven By Purpose." Assessed by @Aspire Impact Ratings Pvt. Ltd., the report showcases our commitment to sustainability and community engagement. Here are some key highlights from the report: –> Planted 500K trees, promoted organic farming, offsetting 250K tons of carbon emissions. –> Empowered 10K+ women through vocational training in hair styling. –> Educated 10K+ students on climate change in 76 schools. –> Delivered clean water to 500 households in Madhya Pradesh and Chhattisgarh. –> Our efforts are estimated to release 500K tons of Oxygen through 5 lakh planted trees over 20 years. Furthermore, @Mamaearth has recycled more plastic than it uses, with over 8300 metric tons of plastic waste recycled in the year 2022-23! These initiatives span 14 states and 2 Union Territories, promoting sustainable growth and transformative societal benefits. Our brands, including @Mamaearth, @The Derma Co., @Aqualogica, and @Bblunt, each contribute to these impactful initiatives in unique ways. ✨Together, we're building a brighter, more sustainable future for generations to come. #Honasa #SocialImpact #Sustainabilityo

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Retail chain Shoppers Stop Ltd on Monday reported a 62.55% rise in consolidated net profit at Rs 23.18 crore in the fourth quarter ended March 31, 2024. Click on the link below to know more... Shoppers Stop #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

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Caret Capital, a sustainability fund that invests across Mobility, Distribution and Employment, has invested in Kolkata-based startup SuperProcure. According to Prajakt Raut and Pankaj Bansal, Co-founders and Managing Partners at Caret Capital “Logistics process automation is a source of competitive advantage for enterprises. Companies recognise that traditional methods of managing enterprise transport requirements are just not relevant for today’s market dynamics and are fast adopting TMS. Given this, SuperProcure’s value proposition has strong tailwinds. They have several large marquee enterprises as their clients, which they have won despite competition from some of the most popular TMS systems globally.” Congratulations team SuperProcure, Anup Agarwal, Manisha Sharaf and @Varun Biyani. Way to go !! #valuechain #transportation #logistics #sustainability #mobility #distribution #employability #caretcapital

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@eunice I. "Nurturing Leadership: Lessons from a Selfless Squirrel" #CAROHITUPADHYAYA The natural world often mirrors profound truths about our own lives. One such lesson is encapsulated in the behavior of a female squirrel, whose actions offer a powerful example of nurturing leadership and compassion. Consider the female squirrel who encounters a lost orphan. Rather than acting impulsively, she conducts a careful investigation, ensuring that the young one is truly alone and in need of help. Only after this thoughtful assessment does she embrace the orphan, feeding and nurturing him as if he were her own. This is not just a spontaneous act of kindness, but a calculated decision grounded in empathy and responsibility. From my perspective, this selfless act of the squirrel exemplifies the essence of true leadership. Leadership is often misconceived as a display of power or authority. However, the female squirrel teaches us that genuine leadership stems from empathy and a willingness to serve others. Her actions demonstrate that effective leadership involves taking initiative, conducting thorough evaluations, and ultimately, acting in the best interest of those in need. This story also highlights the importance of compassion in leadership. The squirrel's nurturing behavior is driven by an instinctive compassion that transcends mere duty. This compassionate approach not only ensures the well-being of the orphan but also strengthens the communal bonds within the natural world. Similarly, in human contexts, leaders who act with empathy and compassion can foster trust, loyalty, and a sense of belonging among their teams. Furthermore, the squirrel's behavior underscores the significance of wisdom in leadership. Her careful investigation before taking in the orphan reflects a wise approach to problem-solving. This wisdom ensures that her actions are not only kind but also sustainable and effective. Leaders, too, must balance empathy with wisdom to make decisions that are both heartfelt and judicious. In conclusion, the selfless squirrel offers a poignant lesson in leadership. True leadership is not about exerting control or dominance; it is about empathy, compassion, and a commitment to serving others. By reflecting on the female squirrel's example, we can strive to lead with the same grace, wisdom, and generosity, creating a positive impact in our communities and beyond.

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Management is efficiency in climbing the ladder of success. Leadership determines wether the ladder is leaning towards the right wall. Leadership is knowing the way, going the way and showing the way by inspiring our teams with Kindness..

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Gaurang Shah and Mitesh Panchal’s bullish stance on FMCG stocks is grounded in the sector’s fundamental strengths and growth prospects. For investors looking to navigate the current market uncertainties, FMCG stocks offer a combination of stability, steady demand, and potential for growth. As always, investors should consider their own risk tolerance and investment strategy, and it may be beneficial to consult with a financial advisor to tailor their portfolio accordingly. With the right approach, FMCG stocks could serve as a valuable component of a diversified investment portfolio in these turbulent times. Watch: https://lnkd.in/gjzzADWW | #markettoday #fmcgsector #fmcg #pollresults #loksabhaelections2024

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Footwear brand Redtape has announced a strategic alliance with Easyecom, an e-commerce enabler platform for inventory, order, warehouse, and reconciliation capabilities. REDTAPE LIMITED | EASYECOM Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

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A big consumer tide is coming to India. Who all will rise? 🧐🧐 India is all set to become the 3rd Largest Consumer market by 2026. India's retail is the future and good Financial planning is must ! JM Financial Services Ltd is your destination for multiple financial products and advisory #madeinindia #makeinindia #proud #vision #socialmedia #relianceretail #consumption #leasership #growth #marketing #economy #genz #mutualfunds #stockmarkets

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🌟 **ONGC Q4 Earnings: Revenue Growth, Margin Pressure, and Strategic Investments** ONGC reported its Q4 earnings with an 11% revenue increase to ₹38,367 crore. Despite a 2.2% EBITDA drop to ₹17,230 crore, net profit remained flat at ₹9,869 crore. 📉 The operating profit margin narrowed by over 600 basis points to 44.5%. Oil production increased to 5.359 MMT, while gas production slightly decreased to 5.1 bcm. Crude realization was $80.81/bbl compared to the previous quarter's $81.6/bbl. ONGC announced 11 new discoveries, including six inland and five offshore, and invested ₹37,000 crore in capex for FY24. 💡 Shares traded 0.16% higher at ₹279.45 apiece.

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FMCG major Hindustan Unilever reported a 1.53% decline in consolidated net profit to Rs 2,561 crore for the fourth quarter of FY24 on account of deflation due to softening of commodity prices. Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing #fmcg #hul

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Indian retail is increasingly bedevilled by shrinkage or the loss of inventory due to shoplifting by customers, theft by employees, vendor fraud and supply chain errors. As a percentage of sales, shrinkage has risen at retail chains in India with industry executives attributing this to the rise in thefts amid growth in sales volume. #inventory #sales #industry #FY24 #retail #latestnews

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