Apple is reorganising the management of its international businesses to give more focus on India, which has become an important market for the company. This marks the first time that India will be its own sales region at Apple, highlighting the nation’s growing significance. According to Bloomberg sources, the shift is happening after the retirement … Read more
Japan’s economy grew at an annual pace of 0.1 per cent in October-December, in a downgrade from an earlier 0.6 per cent increase, showing how the world’s third-largest economy was barely eking out growth. The Cabinet Office’s revised figure for seasonally adjusted gross domestic product, or GDP, for the last three months of 2022 showed … Read more
Mahanagar Gas (MGL) is acquiring 100% of Unison Enviro Private Limited (UEPL). UEPL incorporated in December 2015, is a subsidiary of Ashoka Buildcon. The Company has been supported by Morgan Stanley India Infrastructure fund since pre revenue days. It has been granted authorization from Petroleum and Natural Gas Regulatory Board (PNGRB) to develop City Gas … Read more
Shriram Housing Finance (SHF), the housing finance subsidiary of Shriram Finance (SFL) is in the process of raising $100 mn growth capital. It targets to conclude the fund raise by end June 2023 Market is speculating Baring to be close to finalise a deal. MD has informed that multiple people are in the fray. SHF … Read more
“Boring” money markets funds are in style with short-term bond yields up, said SoFi’s Liz Young. Yields are in the 5% range as investors see the Fed potentially driving up its key rate higher. Young said if the Fed were to swing back to rate cuts, watch out for falling yields. A year after the … Read more
Intense heat waves and extreme weather conditions have little bearing on revenue growth of companies selling products such as fans, coolers, and air conditioners, a detailed analysis of historical data by brokerage ICICI Securities has found. “On analyzing the heat waves in past three decades (FY92-FY22) and revenue growth of summer product companies (fan, cooler, … Read more
Elon Musk expressed his concerns about artificial intelligence at Tesla’s investor day on Wednesday. The Tesla CEO believed he “may have done some things” that accelerated the “dangerous technology.” His comments were prompted by an investor asking whether AI could help Musk make cars. Elon Musk doesn’t think artificial intelligence will help Tesla make cars … Read more
China on Sunday set an economic growth target of “around 5%” for 2023, one of the lowest in decades, as its annual National People’s Congress opened in Beijing. The target was announced in a work report delivered by outgoing Premier Li Keqiang as the rubber-stamp parliament opened at the capital’s Great Hall of the People. … Read more