Sector: All Sectors
Yellen says US banks are ‘stabilizing,’ after tumultuous March
Treasury Secretary Janet Yellen said the situation around US banks was “stabilizing,” though regulators stood ready to repeat the extraordinary actions taken in March to contain depositor runs. “My read is the outflows from smaller and medium-sized banks are diminishing and matters are stabilizing, but it’s a situation we’re watching very closely,” Yellen told reporters … Read more
Audit regulator asks Mahindra Holidays to review policies. Investors should not ignore.
National Financial Reporting Authority (NFRA) has directed Mahindra Holidays to “thoroughly and proactively” review its accounting policies and practices in respect of segment reporting. What’s the background and what exactly is this all about? NFRA order is passed in the wake of Delhi High Court’s order of January 18, 2023 following a writ filed by … Read more
Key business plans of Mahindra Holidays
Mahindra Holidays and Resorts has shared the following – The company had 2.8 lakh members as of December 2022. It will add 2,100 more rooms in the next five to six years with an investment of around Rs 1,800 cr At present, the company has 4,900 keys inventory across 119 properties; 60 per cent of … Read more
Planning travel itinerary killing your holiday vibe? Trust ChatGPT to get it right
Hey ChatGPT, can you plan one week Thailand Trip? Of course, I’d be happy to help you plan a one-week trip to Thailand! To get started, I would need some information from you such as your budget, interests, and travel dates. Based on your responses, I can provide recommendations for places to visit, things to … Read more
Bill Gates Says Self-Driving Cars Will Be As Revolutionary As the PC
Elon Musk and Bill Gates have butted heads over issues from climate change to artificial intelligence (if we’re being honest, it’s the Chief Twit that’s done most of the butting) — but the two tech billionaires may agree on one thing: the transformative potential of self-driving cars. The Microsoft cofounder dedicated his most recent blog … Read more
GST collections in March jump 13% to Rs 1.6 lakh crore
India’s monthly goods and services tax (GST) collections hit the second highest ever in March, rising 13% from a year earlier to `1.6 lakh crore, suggesting economic strength despite several headwinds. The total gross collection for FY23 was Rs 18.10 lakh crore, an average Rs 1.51 lakh a month and up 22% from FY22, data … Read more
I Was Burned Out When I Sold My Startup, but I Started Another
Ankur Nagpal started his first company Teachable in 2013. He enjoyed running Teachable at first, but after he sold it, he was left feeling burned out. Nagpal thought he would never start another company again — until he founded Ocho Wealth. This as-told-to essay is based on a conversation with Ankur Nagpal, 34, who founded … Read more
Sanofi to demerge consumer healthcare business
As per newspaper reports, Sanofi India is working on spinning off it’s consumer healthcare business in India in a separate listed entity. The subject unit’s products include leading anti-allergy brands such as Allegra and Avil, pain management drug Combiflam and Vitamin D brand Depura. The business posted revenue of Rs 1,000-1,250 crore in CY22 (against … Read more