*Elara - Highlights of Patanjali's Press Conference held today:*
1) Patanjali founders Baba Ramdev and Acharya Bal Krishna addressed a press conference on Thursday.
2) Patanjali’s turnover crosses Rs105.6bn in FY17. *#Growth/profit target for Patanjali in 2017/18 set at 100%*
3) Till now, foreign company’s CEO were under an impression that we have abysmal market share. There survey says our turnover is mere Rs 20bn. But the fact is, only Patanjali Ghee iteself is worth Rs 14.7bn.
4) Patanjali toothpaste enjoys 14 per cent share of the market
5) *We are going to increase our distributors from 6,000 to 12,000*
6) Plans to build production plant in Vijay Nagar
7) Pointless questions raised against Patanjali Amla Juice
8) Every Patanjali product according to FSSAI standards
9) *Currently 1 Lakh people work for Patanjali* and wherever we are hiring, we send authorized people.
10) Patanjali's sole purpose is charity - 3 aims are education, research and cow preservation
11) Patanjali will be India's biggest Swadesi brand within a year or two.
12) Boycott Chinese products because sales generated by them fund terrorism against India
13) Patanjali products will recapture the market currently held by Chinese products
14) *We are soon going to enter the spice market under the Patanjali banner as well*
15) *Baba Ramdev announces Patanjali Residential Army School for children of martyrs of military and paramilitary soldiers.* "Will open 'Patanjali Aavasiya Sainik school' this year for children of martyred soldiers, free of cost. Location will be around NCR"
16) Viral message that Patanjali is hiring 10 thousand people is false. Lakhs have been looted in the name of the message.
17) Patanjali uses 'Gaumutr' or cow urine in only five products
18) Accusations of Gaumutr in Patanjali products false.
1) Patanjali founders Baba Ramdev and Acharya Bal Krishna addressed a press conference on Thursday.
2) Patanjali’s turnover crosses Rs105.6bn in FY17. *#Growth/profit target for Patanjali in 2017/18 set at 100%*
3) Till now, foreign company’s CEO were under an impression that we have abysmal market share. There survey says our turnover is mere Rs 20bn. But the fact is, only Patanjali Ghee iteself is worth Rs 14.7bn.
4) Patanjali toothpaste enjoys 14 per cent share of the market
5) *We are going to increase our distributors from 6,000 to 12,000*
6) Plans to build production plant in Vijay Nagar
7) Pointless questions raised against Patanjali Amla Juice
8) Every Patanjali product according to FSSAI standards
9) *Currently 1 Lakh people work for Patanjali* and wherever we are hiring, we send authorized people.
10) Patanjali's sole purpose is charity - 3 aims are education, research and cow preservation
11) Patanjali will be India's biggest Swadesi brand within a year or two.
12) Boycott Chinese products because sales generated by them fund terrorism against India
13) Patanjali products will recapture the market currently held by Chinese products
14) *We are soon going to enter the spice market under the Patanjali banner as well*
15) *Baba Ramdev announces Patanjali Residential Army School for children of martyrs of military and paramilitary soldiers.* "Will open 'Patanjali Aavasiya Sainik school' this year for children of martyred soldiers, free of cost. Location will be around NCR"
16) Viral message that Patanjali is hiring 10 thousand people is false. Lakhs have been looted in the name of the message.
17) Patanjali uses 'Gaumutr' or cow urine in only five products
18) Accusations of Gaumutr in Patanjali products false.
#May #IIP #Data: IIP #Growth At 3.1% vs 3.4% MoM #ALLIESFIN
▶️Manufacturing Sector Growth At 2.5% vs 2.8% MoM
▶️Electricity Sector Growth At 7.4% vs 6% MoM
▶️Capital Goods Growth At 0.8% vs 2.5% MoM
▶️Mining Sector Growth At 3.2% vs 5.1% MoM
▶️Primary Goods Growth At 2.5% vs 5.2% MoM
▶️Manufacturing Sector Growth At 2.5% vs 2.8% MoM
▶️Electricity Sector Growth At 7.4% vs 6% MoM
▶️Capital Goods Growth At 0.8% vs 2.5% MoM
▶️Mining Sector Growth At 3.2% vs 5.1% MoM
▶️Primary Goods Growth At 2.5% vs 5.2% MoM
@AlliesFin
Article on #Wealth #Management
Anyone can solve the equation 6+6+6+6. But ask somebody to calculate 6x6x6x6 without a machine and they’re going to look at you cross-eyed. The human brain was designed for linear, not exponential processing.
The other day I joked about the Dow reaching 2,000,000 by the year 2099, a one hundred fold gain from today’s prices. For that to occur, the Dow would need to compound at 5.7% for the next 83 years. Considering the Dow has grown 7.14% a year for the last 75 years, this seems totally within the realm of possibility.
This example from The Art of Thinking Clearly illustrates why the Dow reaching 2 million was completely beyond comprehension: “A piece of paper is folded in two, then in half again, and again and again. How thick will it be after fifty folds?…Take an astronomical guess. What would be a ridiculous number? Well, if we assume that a sheet of copy paper is approximately .004 inches thick, then its thickness after fifty folds is a little over sixty million miles. This equals the distance between the earth and the sun….Linear growth we understand intuitively. However, we have no sense of exponential growth.”
The most powerful force in the universe, as Einstein referred to it, is something that eludes many of us for two main reasons. One, most people just don’t understand how it works. For instance, 15% growth for 30 years is not 450%, it’s 6500%! The second reason why many fail to take advantage of compounding is because it takes time. Warren Buffett has been rich forever, but 95% of his net worth was earned after his 60th birthday.
Rolf Dobelli said it best: “When it comes to growth rates, do not trust your intuition - because you don't have any !.
#AlliesFin #compounding #growth #investing #longterm
Article on #Wealth #Management
Anyone can solve the equation 6+6+6+6. But ask somebody to calculate 6x6x6x6 without a machine and they’re going to look at you cross-eyed. The human brain was designed for linear, not exponential processing.
The other day I joked about the Dow reaching 2,000,000 by the year 2099, a one hundred fold gain from today’s prices. For that to occur, the Dow would need to compound at 5.7% for the next 83 years. Considering the Dow has grown 7.14% a year for the last 75 years, this seems totally within the realm of possibility.
This example from The Art of Thinking Clearly illustrates why the Dow reaching 2 million was completely beyond comprehension: “A piece of paper is folded in two, then in half again, and again and again. How thick will it be after fifty folds?…Take an astronomical guess. What would be a ridiculous number? Well, if we assume that a sheet of copy paper is approximately .004 inches thick, then its thickness after fifty folds is a little over sixty million miles. This equals the distance between the earth and the sun….Linear growth we understand intuitively. However, we have no sense of exponential growth.”
The most powerful force in the universe, as Einstein referred to it, is something that eludes many of us for two main reasons. One, most people just don’t understand how it works. For instance, 15% growth for 30 years is not 450%, it’s 6500%! The second reason why many fail to take advantage of compounding is because it takes time. Warren Buffett has been rich forever, but 95% of his net worth was earned after his 60th birthday.
Rolf Dobelli said it best: “When it comes to growth rates, do not trust your intuition - because you don't have any !.
#AlliesFin #compounding #growth #investing #longterm
Tata Sons Chairman N Chandrasekaran says while we have to manage #inflation, strongly believe we have to support #growth.
See #India becoming a $5 tn & #Maharashtra a $1 tn #economy soon. #alliesfin
See #India becoming a $5 tn & #Maharashtra a $1 tn #economy soon. #alliesfin