I hope this <keyword id="11894123" type="UNKNOWN" weightage="60" keywordseo="newsletter" source="Orion">newsletter</keyword> finds you well, even as inflation runs amok and everything from groceries to gas is more expensive than a year ago. Phil Rosen here, coming to you from Los Angeles today.No matter how many times the Fed told us inflation was transitory, high prices have been hard to ignore. But one top economist predicted that, finally, our wallets may get some respite. <a href="https://markets.businessinsider.com/news/stocks/inflation-peaked-recession-mohamed-el-erian-economy-fed-rate-hikes-2022-7">But there's a catch.</a> There's always a catch. Here we go.If this was forwarded to you, <a href="https://www.businessinsider.com/subscription/newsletter/10-things-opening-bell">sign up here</a>. Download Insider's app <a href="https://www.insider.com/app">here.</a><a href="https://markets.businessinsider.com/news/stocks/inflation-peaked-recession-mohamed-el-erian-economy-fed-rate-hikes-2022-7"></a>1. Inflation might have hit its peak, but there's still pain ahead even if prices start to fall, <a href="https://markets.businessinsider.com/news/stocks/inflation-peaked-recession-mohamed-el-erian-economy-fed-rate-hikes-2022-7">according to Mohamed El-Erian</a>, famed economist and advisor to Allianz. Here's what <a href="https://markets.businessinsider.com/news/stocks/inflation-peaked-recession-mohamed-el-erian-economy-fed-rate-hikes-2022-7">he told CNBC</a> on Friday: "I think <a href="https://markets.businessinsider.com/news/stocks/inflation-peaked-recession-mohamed-el-erian-economy-fed-rate-hikes-2022-7">inflation has peaked</a> in the US, at least for the next three to four months…But the problem is not that inflation is going to come down — that's a really good thing. The problem is that inflation is going to come down with growth <a href="https://markets.businessinsider.com/news/stocks/inflation-peaked-recession-mohamed-el-erian-economy-fed-rate-hikes-2022-7">probably going into a recession</a>, and that's not good news."Goldman Sachs said a broad slowdown would hit Corporate America too, even though it has so far weathered 41-year high inflation <a href="https://markets.businessinsider.com/news/stocks/inflation-us-companies-struggle-consumers-earnings-estimates-economy-slowdown-goldman-2022-7">without much impact to profitability</a>.In the first half of the year, Americans have <a href="https://markets.businessinsider.com/news/stocks/inflation-us-companies-struggle-consumers-earnings-estimates-economy-slowdown-goldman-2022-7">picked up the slack for corporations</a>. But soon US companies are going to find it increasingly difficult to pass on price hikes to consumers, Goldman said, and that's left earnings estimates far too optimistic. "Because employment has been strong, the economy has been strong, consumers have had savings — so they've been able to <a href="https://markets.businessinsider.com/news/stocks/inflation-us-companies-struggle-consumers-earnings-estimates-economy-slowdown-goldman-2022-7">pass through most of that to the consumer</a>," a senior Goldman Sachs strategist said. "I think it will become more difficult to pass that through to the consumer, and we are expecting <a href="https://markets.businessinsider.com/news/stocks/inflation-us-companies-struggle-consumers-earnings-estimates-economy-slowdown-goldman-2022-7">margins to be squeezed</a>," she added.In other news:<a href="https://www.businessinsider.com/investing-best-stocks-to-buy-bear-market-strategy-bofa-subramanian-2022-7"></a><div type="image" title="NYSE Trader Dow Jones stock trader" height="3120" width="6240" msid="93111984" hostid="261" sizebytes="608600"></div>2. US stock futures rise early Monday, as investors brace for further interest rate decisions by the Federal Reserve later this week. Meanwhile, bitcoin fell back below the $22,000 level. <a href="https://markets.businessinsider.com/news/stocks/stock-market-today-futures-earnings-fed-investors-meeting-big-tech-2022-7">Here are today's market moves.</a>3. On the docket: Linde plc, Cadence Design Systems Inc., and Axis Bank Ltd, all <a href="https://markets.businessinsider.com/earnings-calendar">reporting</a>. 4. UBS recommended this batch of stocks that can generate strong returns during a "historically fast slowdown" that could turn into a recession. According to the firm's analysts, these are the names that they have high conviction in despite the current and brutal market. <a href="https://www.businessinsider.com/investing-stock-picks-buy-recession-risk-bear-market-strategy-ubs-2022-7">Here's the list of 22 stocks.</a> 5. Russian oil that usually goes to China is making its way to India instead as competition for cheap crude heats up. Cargoes carrying Russian oil were <a href="https://markets.businessinsider.com/news/commodities/russian-oil-china-india-crude-discounts-ukraine-trade-gas-exports-2022-7">en route to east India on Friday</a>, where an Indian Oil Corp refinery is located. But that's not all — <a href="https://markets.businessinsider.com/news/commodities/russian-oil-exports-asia-china-india-dark-shipping-tankers-iran-2022-7">Iran and Venezuela are also ramping up competition to sell crude to India and China</a>. 6. There's a new type of lumber contract set to shake up the futures market. And its going to allow the key commodity to be moved at one-quarter the volume compared to old contracts. A lumber broker in Colorado told Insider that the switch could skyrocket the number of orders flowing into the lumber market and <a href="https://markets.businessinsider.com/news/commodities/lumber-prices-new-futures-contract-cme-trading-volume-housing-market-2022-7">smooth out price volatility</a>. 7. "Rich Dad Poor Dad" author Robert Kiyosaki warned that raging US inflation could spark a historic depression. The personal finance guru said surging prices and workforce cuts are red flags for a steep downturn. <a href="https://markets.businessinsider.com/news/stocks/kiyosaki-rich-poor-dad-inflation-depression-real-estate-housing-unemployment-2022-7">Kiyosaki also sounded the alarm on home sales and foreclosures in a bleak prediction for US real estate. </a>8. Bank of America is home to the most bearish stock chief on Wall Street. Savita Subramanian has slashed her target for US indexes lower than her competitors have. <a href="https://www.businessinsider.com/investing-best-stocks-to-buy-bear-market-strategy-bofa-subramanian-2022-7">But she said investors should make these 8 moves to profit from an increasingly difficult market.</a>9. Crypto billionaire Sam Bankman-Fried has big plans to bail out crypto companies amid the market rout. Speaking with Bloomberg, he said FTX keeps its treasury in dollars to curb risk, and explained how he assesses which troubled firms to help. <a href="https://www.businessinsider.com/sam-bankman-fried-ftx-why-bailing-crypto-companies-market-rout-2022-7">Plus, he broke down why it's okay to make a "moderately bad" deal in the current landscape.</a><a href="https://markets.businessinsider.com/news/currencies/ethereum-price-today-eth-beats-btc-up-50-percent-merge-2022-7"></a><div type="image" title="Ethereum Price on July 25" height="1154" width="1418" msid="93111987" hostid="261" sizebytes="37078"></div>10. Ether jumped as much as 50% over the last month. And it has beaten out bitcoin's gains over the same stretch, as enthusiasm for the crypto grows after an Ethereum Foundation member<a href="https://markets.businessinsider.com/news/currencies/ethereum-price-today-eth-beats-btc-up-50-percent-merge-2022-7"> sparked rumors about an upcoming update</a>. However, ether was down 4% early Monday. <a href="https://markets.businessinsider.com/currencies/eth-usd">Follow the latest price moves here.</a>Keep up with the latest <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">markets</keyword> news throughout your day by checking out <a href="https://link.chtbl.com/therefresh">The Refresh from Insider</a>, a dynamic audio news brief from the Insider newsroom. <a href="https://link.chtbl.com/therefresh">Listen here.</a>Curated by Phil Rosen in New York. (Feedback or tips? Email <a href="mailto:prosen@insider.com">prosen@insider.com</a> or tweet <a href="https://twitter.com/philrosenn">@philrosenn</a>).Edited by Max Adams (<a href="https://twitter.com/maxradams">@maxradams</a>) in New York and Hallam Bullock (<a href="https://twitter.com/hallam_bullock">@hallam_bullock</a>) in London.

Here's why inflation may have peaked — but a recession could still loom

<ul><li>The IPO of Hyderabad-based Gland Pharma will open on November 9 and close on November 11. </li><li>The company plans to raise up to ₹1,250 crore through issue of fresh equity shares up to 34.8 lakh.</li><li>The lender has fixed a price band of ₹1490-1500 per share.</li><li>The minimum bid for the investors is set at 10 equity shares and in multiples of 10 shares thereafter.</li></ul>The IPO of Hyderabad-based Gland Pharma, which is promoted by China’s Fosun Pharma, will open next week. The lender has fixed a price band of ₹1490-1500 per share. The IPO opens on November 9 and closes on November 11. The company plans to raise up to ₹1,250 crore through issuance of fresh equity shares up to 34.8 lakh. The offer period for anchor investors is one day prior to the bid opening date, i.e. November 6. The company said the proceeds from the issue would be utilised for funding incremental working capital requirements, capital expenditure requirements and general corporate purposes. And, it is worthy to note while the company will not receive any money from the offer for sale portion. The minimum bid for the investors is set at 10 equity shares and in multiples of 10 shares thereafter. The Chinese promoter China’s Fosun Pharma promotes Gland Pharma, and this will be the first domestic IPO of an Indian company with a Chinese parent. Gland Pharma, which develops, manufactures and markets complex injectables, was founded by PVN Raju in 1978 and Fosun Pharma acquired 74% stake in the company in 2017. Gland Pharma <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shareholders </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Stake held </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Fosun Pharma </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 74% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gland Celsus </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 12.97% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Empower Trust </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 5.08% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Nilay Trust </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 2.42% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Total </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 94.47 </td></tr></tbody></table> <keyword id="9553483" type="UNKNOWN" weightage="20" keywordseo="Gland-Pharma-IPO">Gland Pharma IPO</keyword> details In the offering, no more than 50% of the stake will be given in qualified institutional placements (QIP), while at least 35% will be available for retail investors and the rest will be available for non-institutional bidders. The offer for sale comprises 193,68,686 shares by promoter Fosun Pharma Industrial, and 1,00,47,435 equity shares by Gland Celsus Bio Chemicals, 35,73,014 shares by Empower Discretionary Trust and 18,74,500 by Nilay Discretionary Trust. Kotak Mahindra Capital Co. Ltd, Citigroup Global Markets India Pvt. Ltd, Haitong Securities India Pvt. Ltd and Nomura Financial Advisory and Securities (India) Pvt. Ltd are the lead book-running managers for the IPO. This IPO comes at a time when its other peers have seen a subdued listing— from Angel Broking to UTI AMC and Equitas Small Financial Bank all have listed at a discount over their issue price band. SEE ALSO: <a href="https://www.businessinsider.in/international/news/us-election-results-date-2020/articleshow/79034082.cms">Here’s when we will know the 2020 US election results</a> <a href="https://www.businessinsider.in/business/corporates/news/ratan-tata-mukesh-ambani-and-uday-kotak-to-be-a-part-of-pm-modis-virtual-global-investor-roundtable-on-thursday/articleshow/79032895.cms">Ratan Tata, Mukesh Ambani and Uday Kotak to be a part of PM Modi's Virtual Global Investor Roundtable on Thursday</a>

Gland Pharma ₹1,250 crore IPO to open next week — sets price band at ₹1,490-1,500

<ul><li>Despite the 8% growth in HUL’s profit, the company share price dipped in red and was trading a percent lower. </li><li>The growth in its profit was led by the stellar growth in its foods and refreshment post the merger with GSK. </li><li>HUL reports 1% volume growth, excluding GSK Consumer.</li></ul>FMCG major Hindustan Unilever (HUL) reported an 8% growth to ₹2,009 crore in its standalone net profit for the second quarter ending September 30. Despite the growth in its profit, the company share price dipped in red and was trading a percent lower post the results announcement. <div type="image" title="HUL (2)" msid="78767163" hostid="261"></div> The growth in its profit was led by the stellar growth in its foods and refreshment post the merger with GSK. The volumes of the company rose 1% excluding the consumer businesses acquired from GlaxoSmithKline Plc and VWash, compared to the same quarter last year. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HUL Segment </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue (July to September) </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Year-on-Year Growth % </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Home Care </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹3318 crore </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> -1.5% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Beauty &amp; Personal Care </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4535 crore </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-0.17% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Foods &amp; Refreshment </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹3379 crore </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">45.3% </td></tr><tr><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Others </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹210 crore </td><td style="border-left:solid #000000 0.9960975000000001pt;border-right:solid #000000 0.9960975000000001pt;border-bottom:solid #000000 0.9960975000000001pt;border-top:solid #000000 0.9960975000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">56% </td></tr></tbody></table> The company said, “Foods, tea and coffee sustained the high growth momentum and grew in double digits; our consumer focused activations and innovations are leveraging the 'in-home consumption' trend.” “Health, Hygiene and Nutrition forming 80% of our portfolio grew in double digits,” it added. The revenue numbers are better than the street expectation — which was pegging a 7% yoy growth in its profit. <keyword id="10138914" type="UNKNOWN" weightage="20" keywordseo="HUL-Q2-earnings">HUL Q2 earnings</keyword> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">July to September 2020 </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Year-on-Year Growth % </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> ₹2,009 crore </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 8% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> ₹ 11,593 crore </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 13% </td></tr></tbody></table> “Our operations and service levels are now back to precovid levels and we have accelerated the pace of digitising our operations under the re-imagine HUL agenda,” said HUL chief and managing director Sanjiv Mehta. The company has also declared an interim dividend of ₹14 per share. The management believes that the worst is behind them and remains optimistic on demand recovery going ahead. “The economic outlook has improved given the various initiatives taken by the government and Reserve Bank of India. In our sector, rural markets have been resilient but the demand in urban India, especially in metropolitan cities has been muted. We believe that the worst is behind us and we are cautiously optimistic on demand recovery,” said Mehta. Angel Broking has highlighted that excluding the impact of GSK merger, organic growth was 3% only. "We believe discretionary spends are still not back to pre-covid levels so these segments (Home care segment and beauty &amp; personal care segment) have recorded a marginal drop in revenue. Although, mainly due to cost control management, all segment results improved compared to previous year. Company also declared an interim dividend ₹14 per share. From an investment perspective, we are bullish on HUL considering that discretionary spends are recovering back to pre-covid level, improving distribution and focus on premium products," Keshav Lahoti - Associate Equity Analyst, Angel Broking Ltd said. SEE ALSO: <a href="https://www.businessinsider.in/policy/foreign-policy/news/trump-versus-biden-what-the-result-of-us-election-could-mean-for-india/articleshow/78750339.cms" data-type="tilCustomLink">EXCLUSIVE: Trump versus Biden — Here’s what the result of the US election could mean for India</a> <a href="https://www.businessinsider.in/business/auto/news/exclusive-why-tata-motors-ceo-is-not-worried-about-musks-tesla-coming-to-india/articleshow/78749755.cms" data-type="tilCustomLink">EXCLUSIVE: Why Tata Motors CEO is not worried about Musk's Tesla coming to India</a> <a href="https://www.businessinsider.in/business/startups/news/byjus-renewal-rates-stand-at-86-the-founder-of-the-11-billion-edtech-startup-shares-how-they-cracked-the-code-for-repeat-subscriptions/articleshow/78749254.cms" data-type="tilCustomLink">EXCLUSIVE: BYJU’S renewal rates stand at 86% – the founder of the $11 billion edtech startup shares how they cracked the code for repeat subscriptions</a>

HUL profit grows 8% in the second quarter but fails to cheer investors

<ul><li><keyword id="11111226" type="General" weightage="20" keywordseo="pb-fintech" source="Orion">PB Fintech</keyword> will offer its shares within a price range of ₹940-₹980 per share.</li><li>The company intends to raise ₹5,709 crore with this public issue, at a valuation of $6 billion.</li><li><keyword id="696009" type="General" weightage="20" keywordseo="policybazaar" source="Orion">PolicyBazaar</keyword> will use this funding to make strategic investments and acquisitions.</li></ul>PB Fintech, the parent company of insurance selling platform PolicyBazaar and lending platform PaisaBazaar, will open its initial public offering (IPO) today at ₹940-₹980 per share. Those who would like to subscribe to this IPO must apply in lot sizes of 15 shares. The cost of each lot would therefore be ₹14,700 at ₹980 a share. The grey market ⁠— shares being bought and sold outside the exchanges before the IPO ⁠— are available at a premium of ₹150 a share, which could reflect in the price when the stock lists for trade on November 1. The company is seeking a valuation of $6 billion via this public issue ⁠and the money raised from it will be used for strategic investments, acquisitions and expansion in international markets. PB Fintech — which was <a href="https://economictimes.indiatimes.com/tech/funding/policybazaar-rejigs-cap-table-with-a-45-mn-round-at-2-4-bn-valuation/articleshow/81301551.cms">reportedly</a> valued at $2.4 billion in March 2021 when it raised $45 million from Cyrus Poonawalla Group and others — reported revenue of ₹957 crore as its losses cut down to ₹150 crore. <div type="Video" msid="87578802" hostid="261" title="Here's why Policybazaar founders chose to go public" dataSource="BUSINESSINSIDER" thumbUrl="https://denmark.timesinternet.in/cmslite/api/app/images.jpg?msid=87578802"></div> According to Rajiv Kapoor, vice president at Trustline Securities — which has given a neutral rating to PolicyBazaar’s IPO — the $6 billion valuation is high considering the company’s historical financial performance. “Considering the company’s overall business model and higher valuation, we recommend a NEUTRAL rating on the issue,” Kapoor added. But, there are others who think it’s a good investment even at this price. <div type="image" title="Policybazaar IPO ⁠— the grey market is paying ₹150 a share extra to buy the shares before the IPO" msid="87454327" hostid="261"></div> PB Fintech’s market share is one key factor playing in favor of PolicyBazaar, PaisaBazaar Looking past PB Fintech’s valuation, several others believe that PolicyBazaar and PaisaBazaar are operating in an underpenetrated segment of India’s digital ecosystem, which will give these companies a sort of edge. Jyoti Roy, DVP- Equity Strategist at Angel One Ltd, said,“The company is best placed to leverage its tech-driven business vertical to benefit from this above growth. This IPO can be subscribed for the listing gains.” KR Choksey echoed this in its latest report as well. The report highlighted that PolicyBazaar had 93.4% market share in India's digital insurance marketplace in the financial year 2020. This number was based on the number of policies sold. ALSO WATCH: True North's Haresh Chawla talk about portfolio company PolicyBazaar <div type="Video" msid="87469409" hostid="261" title="True North Co’s Haresh Chawla on Policybazaar" dataSource="BUSINESSINSIDER" thumbUrl="https://denmark.timesinternet.in/cmslite/api/app/images.jpg?msid=87469409"></div> Meanwhile, Paisabazaar had a 51.4% share in India’s digital consumer credit marketplace based on disbursals in FY2020. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Stock Brokerages </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Recommendations </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">KR Choksey </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe, for listing gains as well as long term gains. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Choice Broking </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe for long term </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">AngelOne </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe for listing gains </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Trustline Securities </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Neutral </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> The stock brokerage firm has highlighted that PB Fintech’s leadership in the digital marketplace, strong ability to attract customers and operation in an underpenetrated space will be acting in favour of the company. Besides this, the company’s ability to retain customers and strong relationships between insurers as well as lending partners are a big plus too. In terms of challenges, KR Choksey, believes that the customer’s changing needs can lead to a loss of customers in the future. “If a company's insurer and lending Partners fail to offer insurance and credit products catering to the evolving needs of consumers, the company may not be able to retain existing Consumers or attract new consumers to its online platforms,” the report read. PB Fintech’s promoters and cofounders Yashish Dahiya and Alok Bansal have cut their offer for sale by 85-90% because of increased interest in technology IPO, according to the company’s red herring prospectus (RHP). Earlier, chief executive officer (CEO) Dahiya was planning to sell shares worth ₹250 crore but it was later reduced to ₹30 crore. Chief financial officer (CFO) Bansal, on the other hand, has reduced his offer for sale from ₹95 crore to ₹ 12.7 crore. The difference has been highlighted in the company’s draft red herring prospectus (DRHP) as well as RHP. SEE ALSO <a href="https://www.businessinsider.in/tech/news/former-google-ceo-says-facebooks-metaverse-is-not-necessarily-the-best-thing-for-human-society-and-expresses-concerns-about-safety-of-artificial-intelligence-technology/articleshow/87440405.cms">Former Google CEO says Facebook's metaverse is 'not necessarily the best thing for human society' and expresses concerns about safety of artificial intelligence technology</a> <a href="https://www.businessinsider.in/tech/news/india-starts-probe-into-facebooks-algorithm-seeks-info-on-moderation-process/articleshow/87326285.cms">India starts probe into Facebook’s algorithm, seeks info on moderation process</a> <a href="https://www.businessinsider.in/tech/news/facebooks-problem-isnt-its-brand-its-mark-zuckerberg/articleshow/87396483.cms">Facebook's problem isn't its brand - it's Mark Zuckerberg</a>

Policybazaar IPO ⁠— the grey market is paying ₹150 a share extra to buy the shares before the IPO

Mumbai, Nov 24 (IANS) Futures of <keyword id="18712" type="ENTERTAINMENT" weightage="20" keywordseo="Gold">gold</keyword>, which were soaring well above the ₹ 50,000 mark till sometime back amid the weak <keyword id="906427" type="PERSON" weightage="20" keywordseo="Economic-scenario">economic scenario</keyword>, have now started to ease and have fallen below the ₹ 49,000-mark amid optimism regarding vaccines for the novel Coronavirus. The December contract of gold on the <keyword id="109771" type="CITY" weightage="20" keywordseo="Multi-Commodity-Exchange">Multi Commodity Exchange</keyword> (MCX) is currently trading at ₹ 48,975 per 10 gram, lower by ₹ 505 or 1.02 per cent from its previous close. Similarly, domestic futures of silver also continued its downward trend on Tuesday and its December contract on the MCX is currently at ₹ 59,825 per kg, lower by ₹ 700 or 1.16 per cent from its previous close. Anuj Gupta, DVP for Commodities and Currencies Research at Angel Broking Ltd said that noted that the decline has been on the back of recovery in global equity market and development on the front of corona virus <keyword id="24209" type="PERSON" weightage="20" keywordseo="vaccine">vaccine</keyword>. Gold ETF holding is also falling more than a million ounce in this month, he said. "The trend of gold and silver now become down and expectation of safe haven demand of this asset may fade out. As for today traders can go for sell in gold at ₹ 49,800 levels with the stop loss of ₹ 50,100 levels for the target of 49,000 levels," Gupta said. In the international market, gold may test $1780 to $1800 per ounce levels soon, according to him. He was of the view that traders can also go for sell in Silver at 61,000 levels, with the stop loss of 61,800 levels and for the target of 59,800 levels. Optimism has been fueled in the global markets after the recent series of positive announcements on the vaccine front. AstraZeneca on Monday announced Monday that positive high-level results from an interim analysis of clinical trials of the <keyword id="8904563" type="UNKNOWN" weightage="20" keywordseo="covid-19-vaccine">Covid-19 vaccine</keyword> candidate in the UK and Brazil showed it was highly effective in preventing the disease, the primary endpoint, and no hospitalisations or severe cases of the disease were reported in participants receiving the vaccine. One dosing regimen showed vaccine efficacy of 90 per cent when 'AZD1222' was given as a half dose, followed by a full dose at least one month apart, and another dosing regimen showed 62 per cent efficacy when given as two full doses at least one month apart. The combined analysis from both dosing regimens resulted in an average efficacy of 70 per cent. All results were statistically significant. More data will continue to accumulate and additional analysis will be conducted, refining the efficacy reading and establishing the duration of protection. Earlier Pfizer and Moderna had reported their vaccines of being highly effecting.

Vaccine hopes push gold below ₹ 49,000 per 10 gram

<ul><li>The ₹100 crore IPO of healthcare and wellness products distributor Nureca is now open for public subscription.</li><li>The company sells products such as blood pressure monitors, pulse oximeters, thermometers, nebulizers, self-monitoring glucose devices under the brand name Dr Trust.</li><li>The best thing, according to investment experts about the Nureca business, is its asset-light business model.</li><li>According to Reliance Securities, “Nureca financials are quite encouraging.”</li><li>Check out the latest news and updates on <a href="https://www.businessinsider.in/">Business Insider</a>.</li></ul>The ₹100 crore initial public offering (IPO) of healthcare and wellness products distributor Nureca Limited is now open for public subscription. The issue will remain open till February 17, making it the sixth IPO of 2021. Incorporated in 2016, the company engages in the business of home healthcare and wellness products. It sells blood pressure monitors, pulse oximeters, thermometers, nebulizers, and self-monitoring glucose devices under the brand name Dr Trust. <div type="image" title="dr trust" msid="80921162" hostid="261"></div> The best thing, according to investment experts about the Nureca business, is its asset-light business model. They enter into agreements with vendors who manufacture the products as per the specifications. This allows Nureca to quickly scale its operations at a predetermined cost without incurring any capital expenditure on manufacturing facilities. Streets View: <keyword id="10763747" type="UNKNOWN" weightage="20" keywordseo="Nureca-IPO">Nureca IPO</keyword> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Brokerage </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Recommendation </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Angel Broking </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Securities </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SMC Global </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">GEPL Capital </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr></tbody></table> All you need to know about Nureca IPO: <ul><li>Nureca will utilize issue proceeds for funding incremental working capital requirements and general corporate purposes.</li><li>Investors can bid for a minimum of 35 equity shares and in multiples of 35 shares thereafter.</li><li>The price band for the public issue has been fixed at ₹396-400 per share.</li><li>The issue includes a reservation of ₹1 crore worth of shares for employees. And, the eligible employees will get shares at a discount of ₹20 per share.</li><li>ITI Capital Ltd is the sole book-running lead manager, and Link Intime India Private is the registrar to the issue.</li></ul>Attractively priced IPO, healthy financials, positive industry outlook and much more — here’s what analysts have to say about the IPO Attractively priced IPO and industry deemed to grow According to a Reliance Securities report, the company operates in a highly fragmented market. Given the massive opportunity in the Home Healthcare segment, the growth momentum is expected to sustain in subsequent years. The Home Healthcare market in India and neighbouring countries was pegged at ₹20800 crore in 2019, and it is expected to grow to ₹38,900 crore by 2025 at a compound annual growth rate (CAGR) of 11%. “IPO is valued at 5.6x annualized earnings report in 1HFY21, which looks to be attractively valued given the high asset turnover and return ratio of the company,” the report added. There are no listed peers, and therefore the benchmark valuation is difficult to ascertain. Asset light business model helps penetrating new geographies and keeps it capital efficient According to the Axis Securities report, the asset-light business model does not require Nureca to invest heavily in physical assets such as plant and machinery, land and property, which allows them to be capital efficient. The business model is scalable, such that they can expand their geographical reach and distribution capacity and add new products efficiently and at a relatively low cost without disrupting their existing business. The impressive financials According to Reliance Securities, “Nureca financials are quite encouraging.” While the company’s revenue recorded 122% CAGR over the past three fiscals, its net profit grew by 44% CAGR during the same period. <div type="image" title="Nureca&amp;#39;s financials" msid="80920950" hostid="261"></div> More importantly, the earnings before interest, taxes, depreciation, and amortization (EBITDA) and profit became almost 5.7x in the second quarter ended September 30, compared to FY20 performance. E-commerce to expedite growth The company is considered as the first digital company to sell such products through its website (drtrust.in) and other online partners. Most of the product lines support India's home health market, making it a one-stop solution provider. Dr Trust is known for its innovative products in the market, and, with the segment showing significant potential for growth. According to GEPL Capital, “the diversified portfolio range, growth in the home healthcare segment and higher online channel mix are estimated to drive profitability in the years to come.” SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/this-startup-helps-you-watch-shows-shop-online-and-access-the-internet-even-without-a-data-connection/articleshow/80918896.cms" data-type="tilCustomLink">This startup helps you watch shows, shop online and access the internet even without a data connection</a> <a href="https://www.businessinsider.in/stock-market/news/elon-musk-wants-major-holders-of-cryptocurrency-dogecoin-to-sell-most-of-their-coins/articleshow/80920866.cms" data-type="tilCustomLink">Elon Musk wants major holders of cryptocurrency Dogecoin to sell ‘most of their coins’</a>

Here’s why analysts believe ₹100 crore IPO of Dr Trust’s parent Nureca is a ‘sizeable’ opportunity

Top stock picks for 2021 — Brokerages are betting big on Bharti Airtel, Tech M, HUL, Biocon, and Sun Pharma

<ul class="summary-list"><li>Violent home invasions and robberies are becoming increasingly common across European elite <keyword id="11897666" type="UNKNOWN" weightage="60" keywordseo="soccer" source="Orion">soccer</keyword>.</li><li>Social media and poor security are largely to blame, one security expert told Insider.</li></ul>The city of Manchester is, arguably, the epicenter of British soccer. Home to its best team right now, Manchester City, and its most successful team, Manchester United, the city lives and breathes the beautiful game.It is, however, also the epicenter of an alarming, growing trend in the sport: the rise of violent robberies and home invasions targeted at elite players.In the last month alone, players from both sides of the city's great rivalry have been caught up in such attacks. Late in December Manchester City's Joao Cancelo was assaulted in his home by four intruders who stole jewelry and left him with visible facial injuries.Just three weeks later the family of Manchester United's Victor Lindelof was targeted, his wife forced to lock herself and the couple's children in a bedroom while he was away at a match.<h2>Violent attacks are becoming increasingly common</h2>Cancelo and Lindelof's stories are far from unique.The pair are just the latest victims of the trend, which one expert told Insider he fears will end in the death of a player or family member in the near future.While there are no official statistics on how many soccer stars are being robbed or assaulted in their homes, it is clear from a brief glance at social media and traditional media outlets that more and more players are becoming victims.In total, Insider was able to find more than 20 examples since 2019 of publicly reported robberies of soccer stars and their families across Europe's top leagues. Below are a handful of those incidents:<ul><li>In March 2021, Premier League goalkeeper Robin Olsen was at his house close to Manchester with his wife and two children, when a masked gang armed with machetes broke in, tied them up, and stole jewelry. Though nobody was physically injured, Olsen was said to have been " deeply traumatized" by the incident, <a href="https://www.thesun.co.uk/sport/14290158/everton-robin-olsen-gang-machetes-burglary/">according to The Sun.</a></li><li>A month before Olsen was burgled, two robbers broke into the home of his manager, Carlo Ancelotti and took a safe.</li><li>Over the past two years, Chelsea FC defender Reece James has twice been targeted — first his car and later his home.</li><li>Liverpool star Fabinho had possessions and a $125,000 car stolen while he celebrated his side winning the Premier League in July 2020.</li></ul>Robberies are not just a problem in England, however.In January 2021, Juventus and USMNT star Weston McKennie <a href="https://www.espn.co.uk/football/juventus/story/4301854/usmnt-and-juventus-star-mckennies-house-burgled-during-game">had designer clothes and other items stolen from his home while he played in a cup match.</a>Just two months ago, Argentine defender Nicholas Otamendi was assaulted at his home in Lisbon, Portugal, <a href="https://www.cmjornal.pt/exclusivos/detalhe/jogador-otamendi-agredido-dentro-de-casa-em-lisboa-durante-assalto-dinheiro-e-relogios-roubados">with attackers putting a belt round his neck,</a> according to Portuguese media.And in perhaps the most public robbery to date, Paris Saint-Germain's Angel Di Maria was dragged off the field by his manager when the club got word that his family home had <a href="https://www.insider.com/psg-angel-di-maria-subbed-family-held-hostage-robbery-marquinhos-2021-3">just been burgled. His wife and two young children had been held hostage during the ordeal.</a>At the final whistle, Di Maria's teammate and PSG captain Marquinhos received a similar message. A house he had purchased for his parents had also been targeted. His father had been involved in an altercation with one of the intruders. Fortunately, nobody was injured in either incident. "It happens all time," Alex Bomberg, CEO of security firm Intelligent Protection, which provides security solutions to soccer players around the world."This is a real problem."<h2>Social media is fueling the rise in robberies</h2>But why does it happen all the time?In its most basic form, crime opportunity theory suggests that opportunity is the key factor as to whether a potential thief will act or not. In the case of soccer players being targeted, opportunity is rife.Not only do players often share pictures of their wealth and expensive belongings on social media, but their timetables are also publicly known. Thieves know when stars are training or playing a match, and therefore know when they'll be away from their homes."If as a criminal you know that a footballer, for example, is going to be playing for Arsenal on Saturday, you know he's not going be at his house," said Bomberg."And then too much intelligence is also being put on social media. Players are taking pictures around their houses of their stuff, so people kind of know what portable valuables they've got."Whether you're part of an organized crime gang or not, using social media you could put together really, really quickly where somebody is, who they're with, and what they've got on them. It's easy."Bomberg also says that soccer players sharing pictures of expensive goods online only acts as motivation for potential thieves.Though information on the socioeconomic background of those who commit crimes in the United Kingdom is virtually non-existent, <a href="https://equalitytrust.org.uk/crime">according to The Equality Trust,</a> rates of violent crime, including robbery, are related very strongly to income inequality. The UK has a very high level compared to other developed countries, the Equality Trust says.<a href="https://hal.archives-ouvertes.fr/hal-00712374/document">A study published in the Applied Economics journal in 2012</a> argued that statistically in England and Wales crimes with economic motives such as robberies and thefts are most often committed by males from lower socioeconomic backgrounds who have a lower than average level of education.<a href="https://www.manchester.ac.uk/discover/news/downward-mobility-link-to-violent-crime-and-self-harm/">A similar study published by the University of Manchester in 2018</a> backed that assertion, stating that people from the least affluent 20% of society were 13 times more likely to commit violent crime as young adults than those from the most affluent 20%.And while those from less wealthy backgrounds are more likely to commit such crimes, people from affluent ones are more likely to be victims.<a href="https://www.met.police.uk/cp/crime-prevention/protect-home-crime/residential-burglary-facts/">According to the Metropolitan Police,</a> burglars most often target homes that they think will contain lots of valuable goods. Houses of that nature tend to lie in wealthy neighborhoods."You only need to go through the social media profiles of some [soccer players], and you'll think fucking hell, really?" Bomberg said. "It's very much look at me, you know, very much look at me. And a lot of criminals are going look at that and just think, 'I'm fucking having that.'"He added: "I think it backfires and I think it probably does antagonize. People expect the top players to have nice stuff. But when it comes to things, like, you know, 'This is my watch, and my watch is worth more than your car.' Or, 'These are my diamond stud earrings worth over 50 grand.' Somebody out there is going to go, 'I'm fucking having that.'Bomberg also believes that some players lack "humility" when it comes to sharing their wealth on social media, which he says can exacerbate the problem."You've got to be a little bit of humility, and I think that's what a lot of these players are lacking. A bit of common sense and a little bit of humility."You've got to really be sensible. If you put a picture of yourself at home with expensive stuff in the background, you're asking for trouble."<h2>Players need to take measures to protect themselves </h2><div type="image" title="Chelsea and England star Reece James during a Premier League game against Wolverhampton Wanderers in December 2021." height="1000" width="2000" msid="89301012" hostid="261"></div>On top of being smart with their social media presence, there are plenty of other measures players can take to protect themselves from being the targets of crime. This includes installing CCTV cameras on their properties, which act as both a deterrent and an early warning system, building panic rooms, fitting alarms, and keeping valuables away from windows and out of sight. "When a client is going to build or restore a property it's on a tick list: sauna, swimming pool, four-car garage, bowling alley and a panic room," Paul Weldon, the managing director of the Panic Room Company <a href="https://www.nytimes.com/2021/03/19/sports/soccer/di-maria-marquinhos-psg-robberies.html">told the New York Times in 2021.</a>Players can also hire private physical security such as Bomberg's Intelligent Protection, which offers, in his own words, "covert," "un-invasive," and "layered," protection that is especially useful for players who live in more rural areas, out of reach of a rapid police response. <a href="https://www.dailymail.co.uk/sport/sportsnews/article-10437127/Jittery-Premier-League-stars-call-SAS-soldiers-protect-families.html">According to recent reports in the UK media,</a> some players are even hiring former special forces soldiers to provide their security.Another measure that has been employed by a number of players, including Manchester City and England duo Kyle Walker and Jack Grealish, is the use of specially-trained guard dogs. Chaperone K9 is the UK's leading provider of such dogs, which it says are able "to recognize and deal with a number of different threats, including home invasion, road rage, personal attacks on the person and their family, and robbery."The company train and supply mainly German Shepherds, Rottweilers, Cane Corso and Dobermans, each of which undergoes two years of intensive training before being housed.The result, Richard Osborn, Chaperone K9's managing director told Insider, is a playful and loving family dog that turns into super-aggressive security guard when necessary."We've got this working model now where we only take dogs from puppies through to adulthood before we hand them over so they're a minimum of two years of age typically," Richard Osborn, Chaperone K9's Managing Director <a href="https://thesportsthought.com/f/how-premier-league-stars-found-new-best-friends-in-bid-for-safety">told The Sports Thought</a> in a previous interview."During that process there's loads of house visits, lots of integration steps, lots of us understanding what the customer wants, requires and needs. Not just from a security aspect, but they might like going running, or they've got a yacht or a private jet or other dogs or horses.<h2>An attitude problem still exists, however</h2>While there are numerous measures players can take to protect themselves, Bomberg believes many still choose not to because of stereotypes surrounding security, and more specifically, physical security. "They think that security is invasive not that security adds value to their life," he said. "And unfortunately, that's why a lot of them don't have don't look towards having proper security. "The American approach to close protection is very much about being on top of the client. Big presence, lots of people. But that that also draws attention and a lot of people, especially in the UK and in Europe, they really, really don't want that."Clients have got to live their lives. We're not there to cause aggravation, cause disruption. We're there to add value."<div type="image" title="Di Maria" height="1000" width="2000" msid="89301014" hostid="261"></div>Bomberg also says many players have had previous bad experiences with physical security, which ruins their appetite for it. "Most people like football players, as they become famous, they don't have the access to proper security," said Bomberg. "And their experience of security tends to be their cousin's mate who did 10 years in the Army or was a bouncer."So that's kind of their first experiences of security, and what that tends to do is sour their their appetite for security for the rest of their career."Unless things change, Bomberg believes players will continue to be targeted and the problem will only get worse. "Sadly, it's only a matter of time before one of these incidents turns nasty," he said."It's only a matter of time before someone gets killed."<a href="https://www.thesun.co.uk/sport/9590625/footballers-security-panic-room-guard-dogs/#"></a>

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