Monday, June 26, 2023

ASK plans to raise up to $122 million for private credit

ASK plans to raise up to $122 million for private credit Private credit - where investors like pension funds lend directly to companies — is one of hottest asset classes globally, with the global stock of loans growing rapidly to $1.5 trillion, according to financial data provider Preqin Ltd. The loans typically feature floating interest rates, which means investors get paid more when rates rise.

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Surging Indian internet stocks trounce China peers

Surging Indian internet stocks trounce China peers An equal-weighted custom index of India’s five flagship Internet stocks including Paytm parent One 97 Communications Ltd. and Zomato Ltd. has risen more than 20% in 2023, bolstered by the firms’ focus on profitability and a buzzing economy.

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Rohit Jawa to take over as MD and CEO of HUL after Sanjiv Mehta retires today

Rohit Jawa to take over as MD and CEO of HUL after Sanjiv Mehta retires today Known for transforming the consumer goods major#39;s China and Philippine business, Jawa serves as the chief of transformation in his London-based role

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2023 Global Competitiveness Index: India at 40 Ireland leaps to 2 ÂSingapore slides to 4

2023 Global Competitiveness Index: India at 40, Ireland leaps to 2  Singapore slides to 4 India has improved from 43rd rank in 2019-2021. The IMD report highlights progress in government efficiency but notes weaknesses in business efficiency, infrastructure, and economic performance.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/2023-global-competitiveness-index-india-at-40-ireland-leaps-to-2- singapore-slides-to-4_17093411.html

HUL picks Rohit Jawa as MD and CEO after Sanjiv Mehta retires today

HUL picks Rohit Jawa as MD and CEO after Sanjiv Mehta retires today Known for transforming the consumer goods major#39;s China and Philippine business, Jawa serves as the chief of transformation in his London-based role

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Sunday, June 25, 2023

Byjuâs seeks to calm investors as crisis escalates

Byju’s seeks to calm investors as crisis escalates On a call with investors, Byju Raveendran acknowledged his failure in installing processes that could have helped close the accounts on time and said its systems are being improved with the help of a newly appointed finance chief and general counsel, according to people familiar with the discussion.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/byju’s-seeks-to-calm-investors-as-crisis-escalates_17093171.html

Why is it time to book the gains in Zensar?

Why is it time to book the gains in Zensar? The limited scope for margin expansion and challenging demand scenario caps the earnings upside in the near term.

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Boeing supports Make in India#39; initiative says CEO David Calhoun

Boeing supports Make in India#39; initiative, says CEO David Calhoun David Calhoun met Modi and discussed the importance of Boeing#39;s eight decades of aerospace partnership with India during the prime minister#39;s state visit to the US.

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Saturday, June 24, 2023

Shipping industry body to meet MoS Shipping Shripad Naik on issue of shore leave permission for seafarers at Mumbai port

Shipping industry body to meet MoS Shipping Shripad Naik on issue of shore leave permission for seafarers at Mumbai port Confined spaces and monotonous routine of seafarers aboard cargo vessels often leads them to boredom, homesickness, stress and depression.

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Friday, June 23, 2023

EU Meta agree to July stress test on EU online content rules

EU, Meta agree to July stress test on EU online content rules The DSA bans certain types of targeted advertisements on online platforms such as those meant for children or when they use special categories of personal data, such as ethnicity, political views and sexual orientation.

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Solo or partnership MNCs find their own recipe to do business in India Â

Solo or partnership, MNCs find their own recipe to do business in India   For over two decades after the liberalisation of the economy in 1991, the same set of names from India dominated alliances with foreign partners

from Moneycontrol Business News https://www.moneycontrol.com/news/business/solo-or-partnership-mncs-find-their-own-recipe-to-do-businessindia- _17091091.html

LTIMindtree Q4 Preview: Lower pass-through revenue seen impacting growth marginally

A compilation of estimates suggests the company#39;s Q4 FY24 net profit is projected to decline by 2.2 percent quarter on quarter to Rs 1,1...