News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
Factoring News Articles Factoring News Videos Factoring News Articles Factoring News Videos
Grindwell Norton Ltd.'s revise our FY24/25/26E earning per share estimates by -8.4%/-8.5%/-7.6% factoring in likely continued pressure on price and volumes from Chinese dumping and downgrade the rating to ‘Accumulate’ from Buy with a revised target price of Rs 2,512 (Rs2,604 earlier). Grindwell Norton reported revenue growth of 9.3% YoY with Ebitda margin dipping 34 bps YoY to 19.4%.
Westpac Banking Corporation, an Australian banking giant, has announced a partnership with UK-based software company Dancerace to enhance its invoice finance operations. The collaboration aims to make it easier for Australian businesses with unpaid invoices to receive their cash faster. Dancerace, headquartered in Bath, provides software for the factoring, invoice…
Velmie launched its Business Banking Platform designed to help financial services providers and FinTechs broaden their product offerings. The platform enables these companies to cater to business client needs, including corporate payroll, automatization of payments, invoice factoring, cryptocurrency payments and business deposits, the FinTech company said in a Thursday (Feb. 15) press release emailed to […]
Wind energy is experiencing a boom, but in a pattern eerily reminiscent of the nineteenth century Pennsylvania oil boom, wind farms are building ever larger turbines to farm wind energy further and further from shore. This trend carries risks, especially as turbines come with largely hidden costs. Increasing evidence suggests that although larger turbines can capture more energy, at a certain point the costs of maintaining and decommissioning large turbines located far offshore will outweigh the benefits of that energy capture. If wind farm operators are to avoid creating an environmental and economic disaster in the longer term, they need to begin factoring realistic maintenance and decommissioning costs into their projections.
Living wages – a minimum income necessary for a worker to meet their basic needs, factoring in key social expenditure by an individual such as housing, food, healthcare, education and clothing – were endorsed by the ILO earlier this month. These would be higher than basic minimum wages. “We could go beyond minimum wages in a year,” a senior govt official told ET.
Our research suggests that ATBS spread has contracted further from January 2024 (after hitting a 10-year high in June 2023) and poses a risk to the overall margin assumptions as ATBS (~30% of the revenue) is the highest margin product for Vinati Organics Ltd. While we are building in ~20% ATBS volume growth in FY25 and FY26 each (factoring in 50% capacity expansion by the end of FY25), spread contraction could have 5-7% impact on ATBS gross margin, as per our calculations.