Biz Journal- Part 2

Hindustan Zinc dips 3% on profit booking post December quarter results

Shares of Hindustan Zinc slipped 3 per cent to Rs 286 on the BSE in an otherwise strong market on Thursday as investors booked profit after the company reported a steady performance for the quarter ended December 2020 (Q3FY21).

During the quarter, the company’s net profit increased 36 per cent year on year (YoY) at Rs 2,198 crore against Rs 1,620 crore in the Q3FY20. Total revenue grew 29 per cent YoY at Rs 6,033 crore. EBITDA (earnings before interest, taxes, depreciation, and amortization) margin improved 519 basis points (bps) at 54 per cent from 49 per cent in a year ago quarter.

The management has guided zinc cost of production to remain below $1000 per MT for the year. Furthermore, the management has also guided both mined metal and finished metal production in FY21 to be at 925-950 KT each while saleable silver production is

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Economic

Budget Byte: Expenditure on urban projects need to reach pre-Covid levels

January 21, 2021January 21, 2021 by Martha

Rising Capex towards urban projects slowed in FY21 till now

The government’s spending on urban development is majorly on metro projects (capital expenditure), housing for the underprivileged, and the urban renewal projects. Nearly half of the ministry spending is productive capex. But in the current financial year, the flow towards capex has slowed down a bit, due to the need to spend financial resources elsewhere.

Big Hindi heartland states have spent most efficiently on Smart Cities projects

The Smart Cities mission was instituted to bring in investments in cities, which are undoubtedly the engines of growth. But against the work orders of over Rs 1 trillion issued to date, project to the tune of Rs 29,000 crore (27%) are complete (Sep 2020). But urbanisation varies across states. MP and UP lead in per capita spending under the initiative

Dear

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Invesment

Increase Your Cash Flow Today with These 12 Actionable Tips

January 21, 2021January 21, 2021 by Martha

Cash is the lifeblood of a business. According to Hal Shelton, angel investor, SCORE mentor, and author of the best-selling The Secrets to Writing a Successful Business Plan, one of the primary reasons companies go out of business is “cash flow mismanagement.”

It can be challenging for small businesses to get a grip on their cash flow, but it’s essential you do so. After the year we’ve all been through, you may feel like the situation is out of your control. There are ways you can better manage – and even boost – your cash flow. Here are a few.

How to Increase Your Cash Flow

1. Monitor and Document the Process

You can’t manage, improve or increase your cash flow unless you keep track of it. Numerous accounting programs, such as QuickBooks, Sage Intaact, and others, help you monitor your cash flow. (Using a cloud-based accounting system makes

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Economic

Gaming industry asks for NITI Aayog guidelines for all online skill games

January 20, 2021January 20, 2021 by Martha

The online skill gaming industry has collectively recommended the NITI Aayog to set up a single self-regulatory body to standardise regulations governing the entire skill gaming industry.

The recommendation follows a draft report titled ‘Guiding Principles for the Uniform National-Level Regulation of Online Fantasy Sports Platforms in India’ wherein the NITI Aayog has suggested the setting up a single, self-regulatory body for fantasy sports.

Like fantasy sports, India’s skill gaming industry suffers from the same byzantine set of state-by-state laws and regulations. “It is a brilliant move to have fair regulations for the online skill gaming industry which is estimated to be around Rs 5,250 crore, according to KPMG. But at the same time, it is paramount to understand that fantasy games are only a part of the entire skill gaming industry. There is an equal, if not a larger need,

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Biz News

A year after Covid hit economies, India still financially insecure: Survey

January 20, 2021January 20, 2021 by Martha

Since the nationwide lockdown in March 2020, urban Indians have grown more “anxious” about financial security, the Max Life India Protection Quotient 3.0 (IPQ 3.0) survey showed. Anxiety levels climbed up from 55% to 61% this year, the survey said.

Indians were most anxious about the possibility of a family member catching the Coronavirus or death of a breadwinner. The potential cost of treatment also added to the pressure.

There is a significant shift towards increasing savings and investments, the survey said. “Financial anxieties related to Covid-19, and ability of current earnings to cover expenses have emerged as top concerns for Urban Indians,” it added.

As financial security increased, India Protection Quotient moved up four points from 35 to 39 in the latest survey.

India Protection Quotient measures the degree to which Indians feel protected from future uncertainties, on

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Invesment

How to Scale Content Production Without Dropping Quality

January 20, 2021January 20, 2021 by Martha

Scaling content sounds easy, doesn’t it? Just write more content more frequently.

If only it was as straightforward as that.

The art of scaling content isn’t to simply increase the amount of content, but to scale the impact of that content — more visitors, more clicks, more conversions. Like a snowball rolling down a hill gathering snow, you want to attract as much attention as possible. But if your snowball is rolling too fast, nothing sticks.

To build brand awareness and increase your customer base by scaling content, you need to strategically plan your efforts. Otherwise, you’ll spend hours creating reams of content that doesn’t hit the mark. So, how do you create more content without compromising value?

Check out these tips on how to scale your content production without dropping quality.