Sector: All Sectors
Investors Pour $286 Billion Into Money Market Funds Amid Bank Fears
Over $286 billion has made its way into money market funds in March, The FT reported. “We are seeing shifts into money market funds by every segment of investor,” Goldman Sachs said. Bank deposit outflows have risen to $17.5 trillion, and have notched $5.4 trillion at smaller banks. Depositors’ search for a safe haven has … Read more
User will still see tweets in ‘For You tab’ from people they follow: Musk
After saying that only verified accounts will be allowed to appear in the ‘For You recommendations’, Twitter CEO Elon Musk on Wednesday clarified that users will still see tweets in the ‘For You tab’ from the people they directly follow. Musk tweeted: “Forgot to mention that accounts you follow directly will also be in For … Read more
Sanjiv Puri shares some key insights
ITC‘s Chairman and MD, Sanjiv Puri has shared the following – Indian FMCG industry will bounce back by volume sales growth from FY24, led by rural demand, with early signs of recovery already visible. concerns around monsoons this year can be a dampener (he didn’t mention it) ITC will accelerate investments across businesses back to … Read more
Licences of 18 pharma companies cancelled for manufacturing spurious medicines | India News
The government on Tuesday cancelled the licences of 18 pharmaceutical companies for manufacturing of spurious medicines following an inspection by the Drugs Controller General of India (DCGI) on 76 companies across 20 states. “Huge crackdown under way on pharma companies across the country related to manufacturing of spurious medicines,” news agency ANI reported quoting sources. … Read more
Jack Ma’s return to China amidst govt’s bid to calm private sector anxiety, says report
Alibaba founder Jack Ma has returned to China after staying overseas for more than a year. His prolonged absence was seen by many as a reflection of the cautious mood among China’s private businesses and policymakers who are working to revive the country’s economy. As per a report by Reuters, Ma’s return may help alleviate … Read more
Nykaa loses 5 senior employees
Few months back, Nykaa’s CFO had resigned. Now 5 more senior executives of the Company have resigned. Chief Commercial Operations Officer, Manoj Gandhi Chief Business Officer of fashion division, Gopal Asthana Chief Executive Officer of wholesale business, Vikas Gupta Vice President of Nykaa fashion division’s Owned Brands business, Shuchi Pandya Vice President of Finance at … Read more
Controlling stakeholder Crompton decides to merge Butterfly with itself. Couldn’t proceed due to rejection from Butterfly’s public shareholders.
Crompton had acquired controlling stake in Butterfly last year. For details check here. Currently, Crompton owns 75% stake in the Company, previous promoter group 7.78%, DIIs 5.61% and balance 11.58%Â by public. Crompton has now decided to merge Butterfly within itself. Consequently, there would be only one listed entity i.e., Crompton and other shareholders of … Read more
South Korea to surpass China in chip machine spending next year
South Korea is forecast to overtake China in spending on advanced chipmaking equipment next year in a sign of US export controls reshaping global supply chains for semiconductors. Korea will likely increase its investment in fab equipment by 41.5% to $21 billion in 2024 while China logs only a 2% increase to $16.6 billion, according … Read more