Wealth Growth Path

February 6, 2013: Tribhovandas Bhimji Zaveri Limited (“TBZ – The Original”), India’s well-known and trusted jewellery retailer with a rich legacy of around 150 years, continues on its growth and expansion plans in FY13.  TBZ has posted total income (standalone) of Rs. 577.08 crore, for the quarter ended December 31, 2012. The Company posted a net profit of Rs. 24.73 crore for Q3 FY 2013. The Company achieved an impressive top line growth of 65% and bottom line growth of 30% on Quarter over Quarter despite a tough economic environment and higher gold prices. The EBITDA for Q3 stood at Rs. 43.59 crore and the EBITDA margin for Q3 was 7.55% of total income even though the industry faced several challenges in the third quarter. TBZ has achieved net profit margin at 4.29% for the quarter on account of sales growth, an optimal sales mix of gold and diamond wherein diamond jewellery sales enhanced the margins. The jewellery business continued to be affected by input cost increases...

Unique celebration of love and affection by tiny tots and senior citizens February 5, 2013 : Giving an altogether new dimension to the meaning of LOVE, Tree House Education & Accessories Limited, India's largest self-operated pre-school chain, will celebrate Valentine’s Day on February 14 as '’Grandparents’ Day” . This unique way of celebrating love across all Tree House pre-schools in the country makes it the biggest celebration of love and bonding between grandparents and their grandchildren. Tree House Promoter & MD Mr Rajesh Bhatia with tiny tots Children studying at Tree House institutions across the country invite their grandparents ( Dada- Dadi/Nana-Nani ) to this unique “ celebration of love and affection ” and entertain them through various activities such as singing, dancing, skits and games. The main attraction of the entire event is the ` ANTAKSHARI ’ followed by dance and music programs, in which grandparents and children participate together...

ONGC has recently awarded HRD (HEERA REDEVELOPMENT) Process Platform Contract to the Consortium led by AFCONS Infrastructure Ltd., (A Shapoorji Pallonji Group Company). The other members are Technip KT India Ltd., (Part of a global conglomerate Technip, France) and THHE Malaysia.  The agreement was signed on 18 th January, 2013. Awarded value of this EPIC (Engineering, Procurement, Installation and Commissioning) Project is US $ 290 Million with a demanding completion schedule of about 28 months.  AFCONS led consortium bagged this job in an International Competitive Bidding. The Process Platform is having well fluid processing capacity of 55000 Barrels per day and gas compression of 3.2 million Cubic Meters per day. The major fabrication works would be undertaken at PTSE yard in Vietnam and NPCC yard in Abu Dhabi.  Kawasaki Heavy Industries (KHI), Japan are the suppliers of Gas Compression System. Since inception of ONGC, only 17 Process Platforms have be...

Tribhovandas Bhimji Zaveri Limited (“TBZ – The Original”), the well-known and trusted Mumbai-based jewellery retailer with a pan-India presence and rich legacy of over 150 years, marked its foray into Marathwada with the opening of its first exclusive store in Aurangabad to cater to fast-growing local communities of the region.  This is TBZ's 10th store in the state.  In the last few months, TBZ-The Original has opened 10 stores in cities of Pune, Mumbai, Vadodara, Kolkata, Vapi, Bhavnagar, Vasai, Nagpur and now in Aurangabad. With the opening of this new store, TBZ-The Original now has 23 stores in 17 cities across 6 States including Maharashtra, Gujarat, Madhya Pradesh, Kerala, Andhra Pradesh and West Bengal. TBZ-The Original’s exquisite 4,300 sq. ft. store is located at AG Pride, near Ratnakar Bank, N3 Jalna Road, Aurangabad. The key management team of TBZ Ltd. was present on this momentous occasion. The chief guest for the occasion was Smt. Kala Oza.   ...

Tribhovandas Bhimji Zaveri Limited (“TBZ – The Original”), the well-known and trusted Mumbai-based jewellery retailer with a pan-India presence and rich legacy of over 150 years, marked its foray into Central India with the opening of its first store in Nagpur to cater to fast-growing local communities of Vidarbha. TBZ-The Original’s exquisite 2,500 sq. ft. store is located at Dharampeth, opp. Wockhardt Hospital, Nagpur. The key management team of TBZ Ltd. was present on this momentous occasion. The chief guest for the occasion was the city’s Mayor Hon. Shri Anilji Sole.   The opening of TBZ-The Original’s store and the display of the all new Bridal Collection is timed well to serve the customers during the auspicious Uttarayan and the pre-wedding buying season. In fact, customers can avail a special offer of 50% discount on Diamond Jewellery making charges and 35% off on Gold   Jewellery making charges for Uttarayan and the forthcoming pre-wedding buying season. ...

The BSE Sensex edged higher on Friday to touch two-year high, posting its strongest weekly performance since the end of November, as oil companies such as ONGC rose on hopes a proposed change in the government's pricing formula would boost gas prices. Domestically, diesel, kerosene and cooking gas LPG prices may be hiked soon as the government considers Vijay Kelkar Committee recommendations on cutting fiscal deficit. The Kelkar Committee, which was appointed by finance ministry to suggest a roadmap for fiscal consolidation, has suggested immediate hike in fuel prices and complete deregulation of diesel prices by start of 2014-15 fiscal. It also suggested raising kerosene and LPG rates. According to Oil Minister, M Veerappa Moily, Vijay Kelkar committee recommendation on deregulating diesel and raising kerosene and LPG rates) is at proposal stage. The (Petroleum) ministry is only processing that report and we are yet to take a decision. The panel had in September recommended...

Housing and Urban Development Corporation Limited ( “COMPANY” or the “ISSUER” ) is issuing Tax Free Bonds with a Face Value of Rs 1000 each in the nature of Secured, Redeemable, Non-Convertible Debentures having benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961, as amended (“BONDS”) to aggregate amount upto Rs 750 crore with an option to retain an oversubscription of up to Rs 5,000 crore (“ Shelf Limit ”). The minimum subscription is five (5) Bonds across all of the Series of Bonds and in multiples of one (1) Bond thereafter. The Issue will open on January 9, 2013 and will close on January 22, 2013. Public Issue of Tax Free bonds in the nature of Secured, Redeemable, Non Convertible Debentures by the Company under Section 10(15)(iv)(h) of Income Tax Act, 1961 – Tranche - I Bonds Bonds to aggregate upto Rs 750 crore ; with option to retain oversubscription upto shelf limit of Rs 5,000 crore Coupon rate of 7.34 % for Series 1 Bo...