11/11/2022 0 Comments Why is whatsapp down![]() However, the promoters have been gradually divesting their stake in the company since then. Piramal Enterprises' promoters held a stake of 46.1% as on March 2021. Hence, if promoters are investing more in the company, investors' trust in the company will also increase. Promoter holding in the company indicates their trust in the company. Either the sales were down, or the profit was declining. ![]() In fact, the financial performance of the past five years has been disappointing in one way or the other. Even the net profit margin has barely increased by 1%. The operating profit margin has fallen by 10%. However, if you take a detailed look into the financials, you'll observe the setbacks. On a superficial glance, it may look like the financial performance for the financial year 2021-22 was bright because its revenues increased by 12%. The financial performance of Piramal Enterprises has not been up to the mark. Remember how HDFC Bank share price was falling owing to uncertainties about the merger? Piramal's demerger could be another such case. Ever since the demerger was announced, the stock has seen a decline. It appears that while this demerger will have long term tailwinds, investors are not enthused about it at the moment. The merger is set to be recorded today i.e., 1 September 2022. The existing shareholders of Piramal Enterprises will get four shares of Piramal Pharma for every share held in Piramal Enterprises. Piramal Pharma is expected to be listed in the third quarter of the financial year 2022-23. Hence the demerger will simplify the corporate structure and create two industry-focused listed entities. Piramal Enterprises will focus on the finance arena of the conglomerate. ![]() Piramal Pharma will run businesses like Piramal Pharma Solutions, an integrated contract development, and manufacturing organiSation Piramal critical care, and the India consumer healthcare business selling over-the-counter products. The demerger will result in a new entity 'Piramal Pharma'. In August 2022, the said demerger was approved by the market regulator. Here are some netizen reactions on these apps' servers being crashed.Piramal Enterprises' board, in October 2021, approved a demerger of its pharma business. WHY IS WHATSAPP DOWN UPDATEFacebook, WhatsApp and Instagram downĪccording to 9to5Mac, the outage is also affecting platforms and services that use Facebook login. Niantic, the creator of Pokemon GO, says that it is "looking into reports of errors associated with Facebook login, and will update here once we have more information."ĩto5Mac also reported that users were being greeted with error messages such as: “Sorry, something went wrong,” “5xx Server Error,” and more. According to Downdetector, the outages appear to have started around 11:40 am ET/9:10 pm IST. Downdetector logged tens of thousands of reports for each of the services. Users worldwide took to their Twitter handles to share their views on this issue. Other Facebook-owned services including its own site, Instagram and Messenger are all experiencing this issue. Users complained about not being able to connect to the servers meaning that they were not able to send or receive messages to their contacts on each of these platforms. ![]() In a massive development, several users on Monday evening complained that servers of WhatsApp, Facebook and Instagram are down. ![]()
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