SAJIKUMAR: Food is the right of every living being. Climatic conditions, geographic suitability and the sweat of the labourers determine its availability. But we have rationed it according to the privileges of each income class and made it a trading commodity. Mountainous waste on one side, terrible hunger on the other side! FOOD is a basic need for all living beings on Earth, not just for humans. It is a gift of nature without which nature never opens a way for any living being to be born. However, we have made it a trading commodity.Those with more money can afford more food of higher quality, while those without money eat less or go hungry. Interestingly, all other creatures eat without paying for their food, except for humans. That is strange! Food should not be a commodity...
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Misinformed US prosecutors: Conspiracy to stain the Adanis’ image
The US prosecutors seem to have gone wrong in their calculation of the alleged bribe amount. The prosecutors said the Adanis agreed to pay $250 million for an energy business that would generate a profit of $2 billion in 20 years. The alleged bribe amount constitutes 12 per cent of the estimated 20-year profit. The upfront bribe amount itself would be more than the value of the aggregate 20-year profit if 20-year interest is added to the bribe amount. Such a babyish allegation is only to torture a promising Indian business group, which is rapidly expanding its global footprint. How does the Adanis become a pain in the neck of many political and business lobbies in India and abroad? Adani is a successful Indian business model with a track record of setting higher than a global stand...
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Strains relationship with India, stains Canadian image Canada must know the cost it will pay for fostering notorious Kalistanis, who are part of the drug mafia and Sino-Pak puppets. While flowing crocodile tears for the murder of one of the most wanted Khalistani terrorists, Trudeau and the Canadian lawmakers should have sought justice for 268 Canadians onboard the ill-fated Kanishka. They were the victims of Khalistani terrorism that Canada now seems to foster for political gain. Let Canada make no miscalculation about modern India. In a sense, Khalistan Tiger Force (KTF) is a foreign terrorist group both for Canada and India! Canada senselessly risked its relationship with India after it accused India of its hand in the murder of Hardeep Singh Nijjar, its citizen and a notoriou...
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Why do continuous loss-makers command a high future earning ratio? Some stocks are worth buying based on their strong financial fundamentals, future business potential and empirical evidence of their business sustenance. Advisors recommend such stocks with an expectation of a stake sale premium when one private equity or strategic investor sells its holding to another buyer at a premium. That is no less than speculative pricing, an inseparable part of the equity market. While the former is a safe bet, the latter is not always. Stocks of companies with private equity investments usually command a high price-earning (PE) ratio for no justifiable reasons. Such stocks move up based on newspaper reports of stake sales, which the “suitor” denies subsequently. They hit the limelight be...
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Wait and watch defensive stock Deepak Nitrite already has a price-earnings ratio of 32 times over the earning of 2022-23, its stock may not be very lucrative unless something drastic comes to shareholders. The earning ratio is above the Sensex average. The indices are already ruling high. The chances of anything drastic seem weak in the long run. Its equity base is low at Rs 27.5 crore. With a book value of Rs 300 on a Rs 2 share, a bonus is not a remote chance.The financial result last year showed some pressure on its net margin. Naturally, return on equity also had a corresponding beating. The efficiency of capital deployment also decreased. A diversified product portfolio and leadership are some of the products that ensure it is a safe business. Though its PE ratio is...
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