In the latest Intimation of change in the composition of Board in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Rajeev Jhawar who have been the Managing Director of Usha Martin till date have been reappointed for the next 5 years. Rajeev Jhawar is an industrialist from India with more than 30 years of strategic management expertise. He began his career as a Senior Vice President (Commercial), and in 1998 he was appointed managing director of Usha Martin Limited. He attended Ranchi University and London Business School for graduation. He has led the Usha Martin Group for three decades and during that time has accelerated growth, established a meritocracy, and increased stakeholder value. His abilities as a leader, keen business sense, in-depth knowledge of business administration, and strategic decision-making have propelled the Group onto a significantly higher growth trajectory. Rajeev Jhawar Usha Martin's MD. He has supported the business through its good and bad times and helped it get back on the path to success. The success of Usha Martin Limited is attributable to Rajeev Jhawar's tenacity and dedication to the business. The company's future seems bright under Rajeev Jhawar's leadership as a global leader in the wire rope sector, and it is set up for a significant rise from here. The re-appointment of Mr. Rajeev Jhawar [DIN: 00086164] as Managing Director is for a term of five years effective from 19th May 2023 and is subject to requisite approvals under applicable laws. The intimation was made by Usha Martin Limited based on the recommendation of Nomination and Remuneration Committee, the Board of Directors of the Company at their meeting held on Thursday, 27th April 2023.
0 Comments
Cheap labour-intensive manufacturing firms largely drove China to become the largest exporter in the world for decades and made it a force to reckon with globally. But aging manufacturing hubs that rely on cheap labour are simply not working for China anymoreChina has been the manufacturing hub of the world for decades, but the Asian nation has been gradually losing its position due to a number of factors. Cheap labour-intensive manufacturing firms largely drove China to become the largest exporter in the world for decades and made it a force to reckon with globally. However, over the past few years, the country's position as the world's factory has been threatened due to the same factors that propelled its economy starting from the 1980s. Aging manufacturing hubs that rely on cheap labour are simply not working for China anymore. According to a Reuters report, many Chinese factory bosses who inherited the business from their parents told the news agency that the work environment needs to change as workers do not have the same mindset they had during their parents' generation. Steven Du, 29, one of the factory owners who took over his parents' factory producing temperature control systems in Shanghai, said, "If you don't improve their environment, the workers aren't as happy and it's harder for them to do their best work." He told the publication that the change is "worth the extra cost."A shrinking and aging workforce in China means the country's labour-driven manufacturing expertise is fading, and moreover, it is facing stiff competition from other South Asian nations. For instance, India and other countries from South Asia are now rolling out the red carpet for major companies around the globe, hurting the lower spectrum of China's industrial base. Simply put, China's low-end manufacturers are rapidly becoming obsolete. Data from China's statistics bureau indicated that the country lost 41 million workers in just three years due to cheap labour costs and its aging population. China's rapidly aging population is estimated to cross 400 million by 2035, and it is expected to pose a major threat to the country's labor-intensive economy. Another factor that is hampering China's position as a global manufacturing hub is rising labour costs. It may be noted that China is no longer a low-cost manufacturing hub, forcing major companies to explore cheaper options in Bangladesh, Vietnam, and even India. In addition to aging labour and rising costs, escalating trade tensions between China and the United States have driven many major tech companies to explore diversifying their supply chain. For instance, companies like Apple and Foxconn are aggressively pushing to expand operations in India – a development that indicates that many companies are narrowing their presence in China or completely moving out. Multibagger stocks can be found in all market capitalizations, but they are more common in small-cap and mid-cap stocks. These stocks are often undervalued and have the potential to grow rapidly.Investing in the stock markets can be quite tricky, especially for people looking at riskier options to make the most out of investments. While large-cap and blue-chip options are fairly safe, they are not usually known for being multibaggers – or stocks that have very high growth potential, compared to their current share value. Multibagger stocks can be found in all market capitalisations, but they are more common in small-cap and mid-cap stocks. These stocks are often undervalued and have the potential to grow rapidly.As the name suggests, small-cap stocks are shares belonging to smaller companies, usually with a market capitalisation of Rs 5,000 crore or less. Meanwhile, a mid-cap stock belongs to a company with a market capitalisation of Rs 5,000 crore up to Rs 20,000 crore. Small-cap and mid-cap stocks have greater return potential, based on their growth projections. At the same time, these investments are way riskier than those in blue-chip or large-cap stocks. How to hunt for future multibagger stocksInvestors hunting for lucrative stocks can keep their eye on some sectors that experts believe will generate the highest number of multibaggers. V.L.A. Ambala (SEBI Registered Research Analyst), Stock Market Today, said there is one rule for investing that is paramount: ‘Invest in interest’. She explained that the world of stocks around the globe is seeing drastic changes due to shifting demand and requirements. She hinted that companies that can grab the opportunity and cater to the demand will become multibaggers of the future. Low-cost carrier IndiGo has placed an order for 500 Airbus A320 family aircraft in a record deal, breaking Air India’s mega-470 aircraft order with Airbus and Boeing earlier this year. According to the airline, it is the largest-ever single aircraft purchase by any airline with Airbus. With this order, IndiGo has become the world’s biggest A320 Family customer. However, the engine selection and the exact mix of A320 and A321 aircraft will be done in due course, the airline added. The purchase agreement was signed on June 19 at the Paris Air Show 2023 in the presence of top officials of the airline and Airbus. Combined with the previous order of 480 aircraft, IndiGo’s order-book now has almost a thousand aircraft, the airline said in a statement. The order will give IndiGo a further steady stream of deliveries between 2030 and 2035, it added. Currently, it operates over 300 aircraft and the airline’s order-book now comprises a mix of A320NEO, A321NEO and A321XLR aircraft. “This new order will bring the strategic relationship between IndiGo and Airbus to an unprecedented depth and breadth. With this new order, since its inception in 2006, IndiGo has ordered a massive total of 1,330 aircraft with Airbus,” the statement said. “The fuel-efficient A320NEO family aircraft will allow IndiGo to maintain its strong focus on lowering operating costs and delivering fuel efficiency with high standards of reliability. The young and fuel-efficient fleet will help IndiGo realize its sustainability ambitions, building on the already realized CO2 reduction of 21% between FY16 and FY23,” it added. “An order-book now of almost 1,000 aircraft well into the next decade, enables IndiGo to fulfill its mission to continue to boost economic growth, social cohesion and mobility in India. This order strongly reaffirms IndiGo’s belief in the growth of India, in the A320 Family and in our strategic partnership with Airbus,” Pieter Elbers, CEO of IndiGo, said.“This landmark order marks a new chapter in Airbus and IndiGo’s relationship that is democratising affordable air travel for millions of people in the world’s fastest growing aviation market. We look forward to contributing to the growth of India’s air connectivity in its domestic network and into international markets through the expansion of this formidable partnership,” said Christian Scherer, Chief Commercial Officer and Head of International at Airbus. |
MichaelMichael is Professor of Political Science and Head of Department. His research is on public administration and administrative reform, core executives, the role of civil servants in a transformed state, Archives
May 2024
|