KINGSTON:In addition to his highly anticipated performance at the Digicel Grand Prix finals on Saturday, popular dancehall artiste Popcaan is also pledging $100,000 in cash, which will be awarded to the top two schools in the Digicel Grand Prix Athletic Championships.”I have been hearing a lot about the Digicel Grand Prix and everything they’re doing for the young athletes and their schools, so I wanted to be a part of that,” Popcaan said. “So, in addition to the other prizes, I will be giving the top male and female schools $50,000 each to continue the development of their track and field teams.”I want to also encourage students to continue to pursue non-traditional career paths such as track and field and entertainment, especially with Jamaica’s growing dominance in these fields worldwide,” he added.Sponsorship manager of Digicel, Danielia McLean, welcomed the announcement.”We’re very excited to have Popcaan on board to close the 2016 Grand Prix series and celebrate the performance of our young athletes,” said McLean.”The development of the schools’ athletics programme and Jamaica’s track and field industry overall is something that we all have a part to play in, so Popcaan’s contribution will also go a far way in helping us to achieve the main goal of this initiative,” she added.The month-long series will end with a grand finale this Saturday at the G.C. Foster Classics in St Catherine. The top performing boys’ and girls’ schools will each receive $1m in gym equipment from Digicel and the most improved boys and girls’ school will each receive $125,000 in cash from GraceKennedy. Honey Bun will also be providing $100,000 cash towards for the athlete nutrition programme at each of the winning schools.The grand finale will feature exciting performances, a major surprise, plus a party stand. Tickets to the event will cost $500 for adults and $300 for children. Patrons can gain access to the party stand by purchasing a $300 Flex Card at the gate.The Digicel Grand Prix Athletics Championship is sponsored by SportsMax, GraceKennedy, CB Chicken, KFC, Gatorade, Pure National Ice, Honey Bun and Logo Stitch.
Nielsen closed E&P, along with sister publications Kirkus Reviews, last month after it announced the sale of eight media/entertainment brands—including Billboard and The Hollywood Reporter—to e5 Global Media, a new company formed by private equity firm Pluribus Capital Management and financial services firm Guggenheim Partners.The newspaper industry’s dramatic decline, Duncan said, is what made saving E&P so important. “When do you need a magazine like Editor & Publisher more? When everything is going great or in a tie of crisis,”he said. “It’s more vital now than ever.”OK. But how is a newspaper magazine going to mesh with his stable of boating publications? “Maybe I’m not cerebral enough to worry about things like that, but I don’t think it will be a problem,” said Duncan.”The back end, in terms of production, IT and Web, is the same regardless of the publication. As long as I have separate ad staffs and separate editorial staffs, everything else is the same. We think we can supply all the support services for it, we can bring it into a structure with a much lower overhead, and make it viable.”In terms of editorial direction, Duncan said E&P is and has been right on course, producing best practice-type content for publishers. He said he has no immediate plans to change the magazine’s monthly frequency or circulation.”The magazine has a great staff and we were lucky enough to keep about 80 percent of them,” he said. E&P’s former editor-at-large, Mark Fitzgerald, will now serve as editor, replacing former editor Greg Mitchell, who is no longer with the magazine. Charles McKeown will continue as publisher.This isn’t the first time we’ve seen a big b-to-b player shutter a magazine, only to be contacted by a smaller publisher who wants to acquire it. Last April, Reed Business Information shuttered all but one of the magazines published under its Associated Construction Publications Group, which consisted of 14 regional construction titles. John White, the original co-owner of the ACP titles, then reaquired the licenses and relaunched them gradually before the end of the year. The fate of 126-year-old Editor & Publisher is no longer drifting in uncertain waters. The shuttered newspaper magazine was acquired Thursday evening by Duncan McIntosh Co. Inc., the Irvine, California-based publisher of Boating World, Sea Magazine and The Log newspaper.Wait, what? Why in the world would the publisher of boating magazines want to buy a big-name property that covers the newspaper industry?”I published newspapers when I first got into this business and have been reading Editor & Publisher on and off for more than 30 years,” Duncan McIntosh told me over the phone today. “I heard about its closing and thought to myself, ‘That can’t be.’ I started sending e-mails to Nielsen until someone would finally talk to us. And, now, here we are.”
A man looks at a screen across the road displaying the election results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai May 16, 2014.Reuters fileThe third quarter (October-December) has begun on a positive note for consumption companies, as could be seen from the volume sales of automobile makers and the October data for Nikkei India Manufacturing PMI, which hit a 22-month high of 54.4. Coupled with a good monsoon and its impact on rural demand in the coming months, these companies are expected to post good numbers in the coming quarters.The performance is set to reflect in the share prices of these companies, according to brokerage Angel Broking, in the wake of Q2 results, especially by automobile firms.”The management commentary of following the results indicated that some green shoots of recovery are seen in the rural market and more growth will be visible in the next few quarters,” it said in a note.”We also observe improving sales and operating margins of some companies from food processing, pesticide, paint, and plastic industries. As the consumer demand strengthens, corporate earnings are also expected to pick-up,” the Monday note added.Bonds no longer attractive In the context of falling inflation rate, interest rates are bound to fall further, making bonds unattractive as the Reserve Bank of India could effect yet another rate cut when the MPC meets next month, making stocks a better investment proposition.”Due to low yields, equity has emerged as an attractive asset class and this can clearly be seen from the negative FII inflows in the debt this year so far. In the earlier instances when FII inflows in debt were negative, equity generated strong returns in the subsequent year.”The falling bond yields and improving macros are possibly indicating that we will see a strong equity market next year and inflows will also remain strong,” Angel Broking said.Top picks of Angel BrokingIn the light of the positive factors listed above, the brokerage has picked up stocks that are expected to deliver good returns over a period of time. These include interest sensitive sectors like Dewan Housing, Mahindra Lifespace, and consumption plays like Bajaj Electrical, Amara Raja, Blue Star, Asian Granito and Mirza International.Angel BrokingDewan HousingThe brokerage expects Dewan Housing’s assets under management to grow at a CAGR of 21 percent over FY2016-18, as demand for housing in the middle- and low-income groups pick up, while PAT CAGR expected to be 23 percent. Equitas HoldingsAfter conversion to a small finance bank, the company has started raising deposits at a lower cost vs borrowings, leading to a better cost of funds. Hence, the company’s NIM is likely to remain strong at ~10-11 percent going ahead. The brokerage expects the company to post a strong loan book and earnings CAGR of 38 percent & 37 percent over FY2016-18E. The stock currently trades at 2.3x FY2018E BV.Amara Raja Batteries (ARBL)With the automotive OEMs following a policy of having multiple vendors and with ARBL’s products enjoying a strong brand recall in the replacement segment, the company is well poised to gain further market share. Given the economic recovery and market share gains, the company is expected to grow at a CAGR of 18 percent over the next two years as against industry growth of 10-12 percent.Bajaj ElectricalsWith expectation of timely execution of new projects in the E&P segment and with the Lighting and Consumer Durables segments expected to benefit from an improvement in consumer sentiments going forward, the brokerage expects the company’s top-line to grow at a CAGR of ~12 percent to Rs 5,805 crore and bottom-line to grow at a CAGR of 24 percent to Rs 147 crore over FY2016-FY2018E.Blue Star Limited (BSL)BSL is one of the largest air-conditioning companies in India. With a mere 3 percent penetration level of ACs vs 25 percent in China, the overall outlook for room air conditioner (RAC) market in India is favourable.Mirza InternationalIn the branded domestic segment, the Mumbai-based brokerage expects the company to report a ~24 percent CAGR over FY2016-18E to Rs 346 crore. It anticipates strong growth for the company on the back of (a) wide distribution reach through its 1,000+ outlets including 120 exclusive brand outlets (EBOs) in 35+ cities and the same are expected to reach 200 over the next 2-3 years and (b) strong branding (Red Tape) in the shoe segment.Siyaram Silk Mills Ltd. (SSML)SSML has strong brands which cater to premium as well as popular mass segments of the market. Further, SSML entered the ladies’ salwar kameez and ethnic wear segment. Going forward, Angel Broking believes that SSML would be able to leverage its brand equity and continue to post strong performance.The brokerage expects SSML to report a net sales CAGR of ~12 to ~ Rs 2,040 crore and adjusted net profit CAGR of ~14 percent to Rs 115 crore over FY2016-18E on back of market leadership in blended fabrics, strong brand building, wide distribution channel, strong presence in tier II and tier III cities and emphasis on latest designs and affordable pricing points. At the current market price, SSML trades at an inexpensive valuation.
Thinking of relaxing with a new kind of therapy? Then get yourself treated with hydro-therapy, which involves using water for providing relief from pain.“The therapy encompasses a broad range of approaches and therapeutic methods that take advantage of the physical properties of water, such as temperature and pressure, for therapeutic purposes, to stimulate blood circulation and treat the symptoms of certain diseases,” said Dr Ashish Davalbhakta, founder of Pune-based Aesthetics Medispa, a cosmetic surgery, cosmetology and wellness centre. Also Read – ‘Playing Jojo was emotionally exhausting’“Bath temperatures typically range from 92°F (33 degrees Celsius) to 97°F (36 degrees Celsius), so as not to cause injury to the patients,” he added. Hydro-therapy involves a range of methods and techniques like water jets, underwater massage and mineral baths.The jets shoot water at precise chakras on the body at specified time periods, cleansing and opening them.“Hydro-therapy seeks to produce vasodilation and vasoconstriction. These cause changes in blood flow and associated metabolic functions. The benefit of hydro-therapy is that it reduces muscle tension and pain, rehabilitates injured muscles, boosts the immune system, encourages detoxification and relives stress,” added Davalbhakta. Sea salts and Epsom salts, or magnesium sulfate, both commonly used in the beauty industry, are also used as they contain minerals that can help enhance the skin. The magnesium in Epsom salts can reduce inflammation, while sulfates flush out toxins. This helps in exfoliation, invigorates, cleanses and regenerates the skin.