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[ad_1] China's Kaisa says bondholders have not asked for accelerated repayments yet [ad_2] Source link

[ad_1] Minda Industries entered into a JV with FRIWO to combine their manufacturing and technical expertise to manufacture and supply various electric vehicle components for 2Ws and 3Ws in Indian markets. The JV will help MNDA accelerate EV product launches and provide a wide range of offerings to 2W OEMs. The company is well-positioned to benefit from – (i) premiumisation leading to increase in content per vehicle, (ii) import substitution (alloy wheels) and increase in localisation of electronic components (sensors) and (iii) rapid adoption of EV technology in 2Ws. Given superior growth opportunities, MNDA remains our top pick in the auto ancillary space. Minda Industries forms JV with FRIWO: This JV will help the company offer newer product additions such as battery packs and off board chargers (FRIWO already has anchor customers for these products in India) as well as accelerate the product development for motor controller. The entity will offer full line e-drive solutions for electrical two-and three wheelers in the domestic market. The total capex to be incurred by the proposed JV will be Rs 3.9 bn over the next six years, out of which Rs 1.6 bn will be invested over the next two years. JV will further accelerate 2W EV initiatives for MNDA: The company has commenced the production of EV-specific products for 2W OEMs. Furthermore, the JV will aid the company to accelerate product development timeline as well as increase the kit value offering to 2W OEMs with new products. Minda well-positioned: We have fine-tuned our FY2022-24e EPS estimates. We expect MNDA to continue to outperform industry. Maintain Buy with revised FV of Rs 1,130 (from Rs 950 earlier) based on DCF methodology as we have increased long-term growth rate assumptions for the company and roll over to March 2024e. [ad_2] Source link

[ad_1] She was trying to feed Theo… and may have gotten a little eager to help! Her face says it all! She helped me pick it all up. Champ has been coming over 1-3 days every week recently while his mom is at work. One of his favorite things to do is to pull out the vacuum or broom and sweep! (We got him a mini vacuum for Christmas to keep at our house which we think he’s going to love!) She spent a lot of time at the hotel at Thanksgiving just people watching out the window! Making food for Thanksgiving! Kaitlynn made Pistachio Salad (also known as Watergate Salad). Kathrynne made Green Bean Casserole. I made Green Green Salad. Silas made stuffed eggs and Sweet Potato casserole. Hanging out with Jesse’s family at Chicken and Pickle. Grandpa got some kisses! I loved getting to meet my brand-new nephew at Thanksgiving — my youngest sister’s first baby. Kierstyn was very excited about the baby! Her hair is almost getting long enough to put a little ponytail in the back! She was a little overwhelmed with two Thanksgivings with both sides of the families in one day — but she did so well overall! We went with Jesse’s family to the lights at Botanica in Wichita. Kierstyn was mesmerized by it all! Sisters! I got a felt tree for the littles to play with this year. I think they’ll enjoy it even more next year. We’ve been reading lots of Christmas picture books. He fell asleep like this one day! Champ loves Baby D — even if we have to watch closely because he can get so excited that he gets a little aggressive. But here he was being so sweet and hugging him when he first came over. She got some new shoes and was so excited about them! We helped with a drive-through parade for foster families in our area. Champ and Baby D loved the horses! Seeing the bond between these two just melts my heart! Baby D and I went over to our friend Kate and Gigi’s house and I happened to snap this picture at the perfect time. I mean, can you even with her adorable face?? I took Kierstyn to the library story time for the first time with another friend and her little girl. We plan to try to make it a regular part of our schedule in the new year. He’s getting so big and mobile now! He can scoot around and is starting to pull up a little. His newest trick is that he’s learned how to get from all fours to a sitting position! It was fun getting to celebrate my friend, Holly’s, birthday one weekend recently. We went to the Dicken’s Christmas Festival as a family (something Jesse had chosen for his December Bucket List item). This girl is such a gift and she keeps us laughing all day long with her antics! He loves the Christmas lights. These are the moments I don’t ever want to forget. [ad_2] Source link

[ad_1] Stay, swap or shed: Investors brace for delisting of U.S.-listed China stocks [ad_2] Source link

[ad_1] E-commerce operators (ECOs) such as Zomato and Swiggy, which will be liable to pay the 5% goods and service tax on restaurant services supplied through them from January 1, are staring at an onerous task of changing their software in less than two weeks as the invoicing responsibility has also shifted from restaurants to them. In September 2021 it was announced that tax liability will be on ECOs for restaurant services provided through them. However, procedural aspects like invoicing and other compliances were only clarified by a circular issued by the revenue department on December 17. According to this circular, invoicing of the above service has been made the responsibility of ECOs. Since this gives ECOs only two weeks to implement the same from January 1, 2022, an extension of time should be given to them for implementing suitable changes in their invoicing software, said Anita Rastogi, Partner, Price Waterhouse & Co. Classification of each restaurant item and making the necessary changes in software is a humongous task, she said. There are other complexities in compliance as well. Restaurants through these apps not only provide restaurant services but also supply goods. For example, people buy Pizza and Coke in their combo orders. Pizza is a restaurant service on which these apps will pay 5% GST and comply with 1% tax collected at source (TCS) norm on Coke. Coke attracts 28% GST and is paid by the restaurant. These two items in the same order will require two invoices—one by the app on Pizza and on Coke by the restaurant, which could have been avoided by hiking TCS rate to 5%. “Considering the above, if the government could clarify that ECO is only responsible for paying the tax and restaurants can continue to do the invoicing the way they are doing currently, it would make compliance of the above smoother. It would also fulfil the objective of the government which is that ECOs discharge the above tax liability,” said Rastogi. The GST Council’s decision to bring food delivery apps within the ambit of restaurant services and make them liable to pay the tax is aimed at shifting the responsibility from restaurants to apps to make compliance wider and easier even though the move will likely marginally increase the tax incidence on small restaurants otherwise exempt from GST (annual turnover less than Rs 20 lakh). According to the frequently asked questions (FAQs) issued by the Central Board of Indirect Taxes and Customs (CBIC), ECO would pay the entire GST liability for restaurant service in cash without any input tax credit (ITC). In what could give some relief, the CBIC has clarified that the online food delivery apps would continue to claim ITC as before for taxes paid on expenses such as advertisement and rents. [ad_2] Source link

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[ad_1] Bitcoin tests yearly moving average as $100K by Christmas needs 'small miracle' [ad_2] Source link

[ad_1] “Spider-Man: No Way Home” racked up roughly $253 million in U.S. and Canadian ticket sales over the weekend, crushing pandemic records and ranking as the third-biggest domestic debut in Hollywood history, distributor Sony Corp said on Sunday. Around the globe, “No Way Home” generated an additional $334.2 million for a worldwide weekend total of $587.2 million, the studio’s estimates said. The blockbuster returns provided a much-needed jolt to cinemas such as AMC Entertainment, Cinemark and Cineworld that have struggled to draw crowds during the COVID-19 crisis. The spread of the Omicron variant has sparked new concerns. But as Broadway and New York City’s Rockettes canceled shows and the National Football League postponed games, theaters were abuzz. Fans packed auditoriums for “No Way Home,” a big-budget superhero spectacle co-produced by Sony and Walt Disney Co that is playing only in theaters. The movie stars Tom Holland as Marvel’s web-slinging superhero and Zendaya, as his girlfriend MJ, in the third film in a Spider-Man trilogy. It also brings back stars of previous “Spider-Man” films. “This weekend’s historic ‘Spider-Man: No Way Home’ results, from all over the world and in the face of many challenges, reaffirm the unmatched cultural impact that exclusive theatrical films can have,” Sony Pictures Chairman and CEO Tom Rothman said in a statement. The previous pandemic record was set by superhero film “Venom: Let There Be Carnage,” which took in $90 million domestically over its first three days in October. Cinemark said ticket sales for “No Way Home” were especially strong in the United States and Latin America and on large-format scr [ad_2] Source link

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[ad_1] New 'Spider-Man' movie snares third-biggest domestic opening of all time [ad_2] Source link