Latest news with #Bakshi
Time of India
12 hours ago
- Business
- Time of India
Buy Voltas, target price Rs 1,420: HDFC Securities
HDFC Securities maintains buy call on Voltas with a revised target price of Rs 1,420. The current market price of Voltas Ltd. is Rs 1295. Voltas, incorporated in 1954, is a Large Cap company with a market cap of Rs 42,733.76 crore, operating in Consumer Durables sector. Voltas' key products/revenue segments include Electrical Goods, Sale of services, Contract Revenue, Other Operating Revenue and Scrap for the year ending 31-Mar-2024. Financial Performance For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 4,847.25 crore, up 53.19% from last quarter Total Income of Rs 3,164.16 crore and up 13.86% from last year same quarter Total Income of Rs 4,257.30 crore. The company has reported net profit after tax of Rs 267.66 crore in latest quarter. The company's top management includes N Tata, Bakshi, Bansal, Kumar Adhikari, N Vakil, Sarangi, Tulsidas Merchant, Menon, Agrawal, Deshpande, S Dubash, P Verma, Mr.V P Malhotra. Company has S R B C & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 33.09 Crore shares outstanding. Live Events Investment Rationale HDFC Securities anticipates a weak Q1FY26 for the company due to weak demand and a high base effect. They expect growth to rebound in Q2FY26. Furthermore, and project healthy growth in Q3FY26, as RAC prices are likely to increase from January 2026, driven by new rating change regulations. Considering the weak demand during the peak Q1 season, they have revised our revenue estimates downward by 10% for FY26 and 5% for FY27. Similarly, APAT estimates have been cut by 11% for FY26 and 7% for FY27. The brokerage now models a CAGR of 10% for revenue, 15% for EBITDA, and 17% for APAT over FY25-27E. HDFC Securities values Voltas UPC business at 40x EPS Mar-27E and the EMPS and Engineering Products and Services (EPS) business at 20x EPS Mar-27E each; the loss-making Beko is valued at 2x FY27 sales, translating into ~40x Mar-27E EPS. The brokerage maintains BUY on Voltas with a lower target price of Rs 1,420/share.
Time of India
3 days ago
- Entertainment
- Time of India
Film makes LGBTQIA+ community see red
Kolkata: Indraadip Das Gupta's 'Grihapravesh' is stuck in the middle of a controversy having outraged a section of the city's LGBTQIA+ community for queer erasure and depiction of guilt-bearing queer identity. Tired of too many ads? go ad free now Released in the Pride Month, the film has garnered good footfall. Yet, a section of the queer community has flagged off the irresponsibility of the maker for dedicating it to Rituparno Ghosh who they insist never showed women being "victims" of closet homosexuals. Das Gupta's film, starring Subhasree Ganguly, Jeetu Kamal, Kaushik Ganguly, Sohini Sarkar and Suprovo Thakur, released last Friday. Kaustav Bakshi, professor in English in JU and author of "Queer Studies: Texts, Contexts, Praxis', told TOI that his student, Souhardyo Pramanik, had referred to the film saying it "needs to be bashed". "Souhardyo, who did a course in Queer Studies, was alarmed that such a film has been made and dedicated to Rituparno. Rituparno made three films which were identified as queer but he was creating the ground for years. His most queer film was 'Bariwali'. So were 'Chokher Bali', 'Antarmahal' and 'Raincoat'. But none of these are identified overtly as queer apart from 'Memories in March', 'Chitrangada' and 'Arekti Premer Golpo'. Ritu had an understanding of queer as a way of life and not as a means of sexual expression only. Indraadip might think he has made a homophilic film but a queer viewer will find problematic nuances in it," Bakshi said. Bakshi further pointed out that Rituparno made films when "queer" had not become a "thing" in India as it is today. 'Grihapravesh', Bakshi said, is more of a "premeditated film". Bakshi believes Das Gupta's film should have raised this question: Is a queer person marrying another person of the opposite sex, an act of cheating or is it an issue of bisexuality which is barely addressed in society? "The woman and the two men are victims of heteropatriarchy and not of each other. Tired of too many ads? go ad free now It's problematic that the film missed that point and is rather making two men seem like grey characters," Bakshi said. Koyel Ghosh, managing trustee of Sappho For Equality, told TOI that the film suffers from "an intentional queer erasure". "Many queer and transpersons are forced to marry without consent due to pressure from the natal family. This pressure could be of various types, including physical torture, corrective rape, fear of eviction, mobility restriction to name a few. The notion that once queer and transpersons are married off they immediately are cured of their homesexuality is the fundamental reason why such coercive practices are done. To say that Meghdut (Jeetu Kamal) might have a possibility of falling for Titli (Subhasree) again reinstates that same belief. However, this notion is futile and further stigmatizes a community that is already subjected to bullying and harassment," Ghosh said. The entire narrative, Ghosh said, is from the perspective of the woman in this case Titli's situation. "It further villainises queer and transpersons whose narratives have been structurally silenced and marginalised," Ghosh added. The director is unfazed. "I am overwhelmed by the positive reviews from the audience. This includes those beyond the Bengali speaking audience. This film is my tribute to Rituparno Ghosh. More than the box office ticket sales and success, what warms my heart is the chatter around the film. A film like this transcends to the next level when it becomes a talking point in society. I am so pleased to know such a thing has happened with it," Das Gupta said.
Hindustan Times
5 days ago
- Entertainment
- Hindustan Times
Detective shows and movies to stream on OTTplay before Detective Sherdil's release: Sherlock to Detective Hotyamancha
Expectations are high for actor Diljit Dosanjh's upcoming OTT release, Detective Sherdil, which is set to drop on ZEE5 available via OTTplay Premium from June 20. As you wait for the release of the film, which could introduce another iconic sleuth to Indian cinema, why not stream popular detective shows and movies that will set you in the mood to solve brain-racking puzzles. Excited for Diljit Dosanjh's Detective Sherdil? Before the movie, watch his inspiration Sherlock on OTTplay Premium You absolutely cannot miss watching Benedict Cumberbatch's Sherlock, now available on OTTplay, for he serves as one of the biggest inspirations for Detective Sherdil. Inspired by Sir Arthur Conan Doyle's Sherlock Holmes detective stories, the four season TV series builds intrigue with every case. Sherlock Holmes and a former army doctor, Dr. Watson, join hands to solve all kinds of mysteries thrown their way. They just have a knack for bringing justice the right way. In case you sought out comedy along with mystery, look no further than Vennela Kishore's Srikakulam Sherlock Holmes. This 2-hour movie, streaming on ETV Win, is thoroughly enjoyable even as the detective leaves on a journey to find the man behind beach murders around a coastal town. There are seven suspects, but who is the real murderer? Find out. If Sherlock Holmes is Detective Sherdil's videshi inspiration, he found the desi inspiration, too. Detective Byomkesh Bakshi, again inspired by Saradindu Bandyopadhyay's stories, is about 'Satyanweshi' (how Bakshi refers to himself), which literally translates to the truth seeker. He, too, has a companion in Ajit. The latter sticks around just for learning. In the chapter of Byomkesh Hotyamancha, Bakshi becomes a witness to a murder while attending a play at a theatre. Thus begins his journey to uncovering the spine-chilling secret about the murderer. Parambrata Chatterjee and Rudranil Ghosh team up as Bakshi and Ajit to investigate how Heena Mallick (played by Ayoshi Talukdar) dies. They take up the case after political leader Santosh Samaddar (Sumanta Mukherjee) pleads with them to look into the matter. As you can already expect, things are quite complicated even if they might not appear so. Hop on this journey for less than two hours to know the real story! Has Detective Sherdil got you intrigued to find out if you could be a detective, too? Then watch Detective 2015 and know if you have the skills it requires to be a true detective. Hosted by Chitanjeet Chakraborty, the reality show tests your detective skills. If you think you are ready, think again!
Business Recorder
12-06-2025
- Business
- Business Recorder
Pakistan's construction industry says concerned at curbs on non-filers
KARACHI: The construction industry has raised serious concerns over proposed financial restrictions for non-tax filers in the federal budget 2025-26, warning that the measures could accelerate capital flight from this sector already experiencing negative growth for the last three consecutive years. Hassan Bakshi, Chairman, Association of Builders and Developers of Pakistan (ABAD), expressed these concerns while speaking to Business Recorder on Wednesday, highlighting the potential adverse impact on the construction sector's recovery prospects. He said the primary concern is about the proposed restrictions that would bar non-filers from purchasing immovable property in Pakistan. He argued that such measures would create a negative impact on the construction sector that is already struggling to regain momentum. According to Bakshi, ABAD has already engaged with Prime Minister Mian Muhammad Shehbaz Sharif regarding these restrictions. 'We have discussed it with the prime minister, expressing our concerns on the said restriction.' He believed that the proposal was neither included under the IMF recommendations nor with the PM's consent, who has assured ABAD not to implement it. 'ABAD is planning a delegation visit to Islamabad next week to further discuss the matter with the high-ups,' he informed. Rather than imposing pre-emptive restrictions, Bakshi suggested, allowing non-filers to purchase immovable properties, which would provide the government with comprehensive financial details of these individuals. This information could then be utilised to bring them into the tax net, which he believed would be a more inclusive approach for broadening of tax base. Chairman ABAD warned that the enforcement of these restrictions could have far-reaching consequences beyond domestic markets. 'If the said restrictions were enforced, the construction sector, which is already facing negative growth for the last three years, won't see any healthy business activities in the coming financial year.' Bakshi said that the measures would expedite the flight of capital, especially to Middle Eastern countries, which are now offering partnerships to our developers with their expertise, not investments. He said that withholding tax on property purchases has been proposed to be reduced for the buyers, but the tax burden on sellers has been recommended to increase proportionally, adding that this approach would not create any positive impact, as it merely shifts the tax burden rather than reducing it. Despite the concerns, the ABAD chairman acknowledged several positive proposals in this budget, including the introduction of tax credits to encourage mortgage financing and the reduction in stamp duty for Islamabad. Copyright Business Recorder, 2025
Business Recorder
12-06-2025
- Business
- Business Recorder
Construction industry says concerned at curbs on non-filers
KARACHI: The construction industry has raised serious concerns over proposed financial restrictions for non-tax filers in the federal budget 2025-26, warning that the measures could accelerate capital flight from this sector already experiencing negative growth for the last three consecutive years. Hassan Bakshi, Chairman, Association of Builders and Developers of Pakistan (ABAD), expressed these concerns while speaking to Business Recorder on Wednesday, highlighting the potential adverse impact on the construction sector's recovery prospects. He said the primary concern is about the proposed restrictions that would bar non-filers from purchasing immovable property in Pakistan. He argued that such measures would create a negative impact on the construction sector that is already struggling to regain momentum. According to Bakshi, ABAD has already engaged with Prime Minister Mian Muhammad Shehbaz Sharif regarding these restrictions. 'We have discussed it with the prime minister, expressing our concerns on the said restriction.' He believed that the proposal was neither included under the IMF recommendations nor with the PM's consent, who has assured ABAD not to implement it. 'ABAD is planning a delegation visit to Islamabad next week to further discuss the matter with the high-ups,' he informed. Rather than imposing pre-emptive restrictions, Bakshi suggested, allowing non-filers to purchase immovable properties, which would provide the government with comprehensive financial details of these individuals. This information could then be utilised to bring them into the tax net, which he believed would be a more inclusive approach for broadening of tax base. Chairman ABAD warned that the enforcement of these restrictions could have far-reaching consequences beyond domestic markets. 'If the said restrictions were enforced, the construction sector, which is already facing negative growth for the last three years, won't see any healthy business activities in the coming financial year.' Bakshi said that the measures would expedite the flight of capital, especially to Middle Eastern countries, which are now offering partnerships to our developers with their expertise, not investments. He said that withholding tax on property purchases has been proposed to be reduced for the buyers, but the tax burden on sellers has been recommended to increase proportionally, adding that this approach would not create any positive impact, as it merely shifts the tax burden rather than reducing it. Despite the concerns, the ABAD chairman acknowledged several positive proposals in this budget, including the introduction of tax credits to encourage mortgage financing and the reduction in stamp duty for Islamabad. Copyright Business Recorder, 2025
