News | inves4: Indian Equity Investing

Warren Buffett called inflation a ‘gigantic corporate tapeworm.’ Here’s the investor’s warning about rising prices.

Warren Buffett said costs were rising fast during Berkshire Hathaway’s recent meeting. Buffett has called inflation a “gigantic corporate tapeworm” for investors and businesses. Asset-light companies that can raise prices and scale easily often weather inflation best. See more stories on Insider’s business page. Warren Buffett said he was seeing “very substantial inflation” and homebuilding … Read more

How an unemployed day-trader burned by both GameStop and dogecoin ended up owning 20 billion units of a cryptocurrency known as ASS coin | Currency News | Financial and Business News

38-year-old Eric Hackney put $500 into a cryptocurrency called Australian Safe Shepherd, which is more commonly known as ASS coin, Bloomberg reported. He now owns 20 billion units of the altcoin. Hackney invested in ASS coin after losing money on GameStop and missing out on gains in dogecoin, both social media favorites. See more stories … Read more

NPA: Banks likely to transfer about 80 large NPA accounts to NARCL

Banks are likely to transfer about 80 large NPA accounts for the resolution to National Asset Reconstruction Company Ltd (NARCL), which is expected to be operational by next month. NARCL is the name coined for the bad bank announced in the Budget 2021-22. A bad bank refers to a financial institution that takes over the … Read more

I recruit nannies, personal chefs, and even palace managers for the ultra-wealthy. Here’s what it’s like to deal with the 1% every single day.

Darren Lewis is an executive staff recruiter based in London, England. He recruits nannies, personal chefs, and chiefs of staff to run the homes of wealthy clients, including celebs and athletes, around the world. This is what his job is like, as told to freelance writer Chrissie McClatchie. See more stories on Insider’s business page. … Read more

Sanofi and GSK COVID-19 vaccine candidate demonstrates strong immune responses across all adult age groups in Phase 2 trial

Sanofi and GSK COVID-19 vaccine candidate demonstrates strong immune responses across all adultage groups in Phase 2 trial Adjuvanted recombinant COVID-19 vaccine candidate triggered strong neutralizing antibody responses in all adult age groups High immune response after a single dose in patients with prior infection shows strong booster potential Global Phase 3 study expected to … Read more

PNB raises ₹1,800 cr via QIP; offers shares at 33.75 per unit

Punjab National Bank has raised ₹1,800 crore by selling 53 crore shares on a private placement basis to investors like LIC and Societe Generale, the public sector bank said on Saturday. Eligible Qualified Institutional Buyers (QIBs) were given the share at an issue price of ₹33.75 per unit aggregating to ₹1,799.99 crore, PNB said in … Read more

The 44-year-old successor to billionaire ‘Bond King’ Bill Gross is retiring early to go on road trips with his kids. ‘The pandemic has caused everybody to reevaluate.’

Nick Maroutsos, head of global bonds at Janus Henderson Investors, told Bloomberg he will retire in October. The 44-year-old said the pandemic had made him reevaluate his life. He wanted to spend time with his kids, he said. Maroutsos took over from legendary billionaire “Bond King” Bill Gross in 2019. See more stories on Insider’s … Read more

Bezos wraps up Amazon stock sale for $6.7 billion, continues to hold 10%

Jeff Bezos sold $1.7 billion of Amazon.com Inc. stock, bringing the amount he’s unloaded this month to about $6.7 billion. Bezos sold 521,936 shares under a pre-arranged trading plan, according to U.S. Securities and Exchange Commission filings. That brings the total sold in three batches in May to 2 million shares. He said in … Read more

Subway is hiring 40,000 workers this month as the chain attempts to return to pre-pandemic hours

Subway plans to hire 40,000 workers in May, but that may not be easy. Subway closed 1500 stores in 2020 and franchisees say returning to normal hours is difficult due to a lack of workers. Other restaurant chains are holding hiring events, adding extra perks, and, in some cases, raising wages to find staff. See … Read more