City Columbia Financial News
12.09 / 12:49
UPS
Waters
Manufacturing
SENSEX
Monarch
country
open
Universal-Halwasiya Group to make Rs 113-crore open offer to acquire 26% in condom maker Cupid
Columbia Petro Chem, part of Universal-Halwasiya Group and its promoter Aditya Halwasiya, on Tuesday said they have made Rs 113-crore open offer to acquire up to 3.47 million equity shares or 26% stake of Nashik based condom maker Cupid shares at ₹325 apiece. The open offer follows Universal-Halwasiya Group and Family through Columbia Petro Chem Private Limited and Halwasiya, entering into a definitive agreement to acquire 5.58 million shares or 41.84 per cent of Cupid Limited at Rs 285 per equity share aggregating to Rs 159 crore from its existing promoters, Omprakash Garg and Veena Garg. The transaction is subject to shareholder and other customary closing conditions and approvals. As per SEBI regulations, the offer price will be paid in cash by the acquirers. Universal-Halwasiya Group and Family have appointed Monarch Networth Capital Limited, as the Manager of the offer. Cupid is India’s leading manufacturer of male and female condoms, water based lubricant jelly and (invitro diagnostic (IVD) kits.
11.09 / 06:23
UPS
Provident
Lowe's
Boeing
track
Bank of England bond sales creating a 'selling gold at the bottom' moment, strategist says
LONDON — The Bank of England's rapid pace of bond sales is creating a «selling gold at the bottom» moment for investors, according to Christopher Mahon, head of dynamic real return at Columbia Threadneedle.
09.09 / 16:35
Action
voice
US official addressing media in fluent Hindi sparks buzz amid G20 Summit- Who is Margaret Macleod?
Edhar hum angreji seekh rahe hai, udhar ye Hindi farratedar bol rahi hai," rued a third. According to details uploaded on the US State government website, Macleod has served overseas in US Missions to India, Pakistan, and Japan.
09.09 / 16:35
BLOCK
Manufacturing
stage
settlement
reform
2024
G20 leaders commit to reform WTO’s dispute settlement system by 2024
World Trade Organization's dispute settlement system, which has been dysfunctional since 2019, leading to protectionism in global trade by 2024, as per a joint declaration released on Saturday. “We reiterate the need to pursue WTO reform to improve all its functions through an inclusive member-driven process, and remain committed to conducting discussions with a view to having a fully and well-functioning dispute settlement system accessible to all members by 2024," the G20 New Delhi Leaders’ Declaration said.
07.09 / 18:59
Progressive
Volkswagen
Wetlands permit dispute pauses construction on $2 billion Scout Motors electric SUV plant
Construction work has been temporarily stopped on a $2 billion new electric vehicle plant in South Carolina being built by a Volkswagen Group-backed group trying to revive a brand that was a 1960s forerunner to today’s SUVs
07.09 / 12:03
UPS
Ball
Yellow
Flushing
performer
cover
Tennis ball wasteland? Game grapples with a fuzzy yellow recycling problem
Tennis has a fuzzy yellow problem most players don’t think about when they open cans of fresh balls, or when umpires at U_S_ Open matches make their frequent requests for “new balls please.”
06.09 / 18:53
UPS
Ball
Manufacturing
Discover
cover
Tennis balls may take 400 years to decompose; Environmentalists, game's governing body clueless
tennis ball and about 330 million tennis balls are made worldwide every year. About 100,000 tennis balls are used every year in Grand Slam tournaments. It has perplexed tennis lovers as well as environment experts. What should be done? Should one stop playing tennis because the balls cannot be decomposed?
04.09 / 09:11
People moves
Columbia Threadneedle
european equity
exits
European equity portfolio manager Webster exits Columbia Threadneedle
Philip Webster also stepped down from his role as lead manager of the CT UK High Income trust in July, and was replaced by Moss.
29.08 / 12:21
BLOCK
Manufacturing
Merck
Pfizer
Southern
Factbox-Court challenges to Medicare drug price negotiation plan
(Reuters) — The U.S. government on Tuesday selected the first 10 drugs, including the big-selling blood thinner Eliquis from Bristol Myers (NYSE:BMY) Squibb and Pfizer (NYSE:PFE), that will be subject to the first-ever Medicare price negotiations, part of President Joe Biden’s Inflation Reduction Act (IRA) that drugmakers and industry groups have challenged in court.
24.08 / 17:39
UPS
Art
Booking
Dreams
love
Inside
blues
The Story Behind This Modernist House Has as Many Twists and Turns as Its Architecture
real estate mogul known to everyone as Bobby), who owned an oceanfront site on the east end of Long Island, searched for just the right person to design a house there. Already well-versed in contemporary architecture, Julie traveled, read and questioned anyone who might have a suggestion. She ultimately interviewed 22 architects, including several Pritzker Prize winners.
24.08 / 16:30
Lowe's
Waters
Action
New gas pipeline rules floated following 2018 blasts in Massachusetts
Federal regulators are proposing a series of rules changes aimed at toughening safety requirements for millions of miles of gas distribution pipelines nationwide following a string of gas explosions in Massachusetts in 2018
21.08 / 11:20
UPS
FIVE
JPMorgan
Compilation
Strategy
Allianz
Bond bulls at JPMorgan, Allianz staying the course despite pain
Convinced a recession in the US was near, some of the world’s most prominent money managers loaded up on government bonds this year in a bold bet that would atone for the punishing losses suffered in 2022.
21.08 / 08:33
Remark
awards
Watch: When Ratan Tata confronted a gangster; ‘police were in his pocket,’ industrialist recalls in old video
Also read: Maharashtra: Ratan Tata conferred with ‘Udyog Ratna’ award by Chief Minister Eknath Shinde in Mumbai The video was originally shared by Columbia Business School on their YouTube channel nearly a decade ago .Tata mentions an incident that occurred shortly after he became chairman, involving a union dispute at Tata Motors. A gangster saw an opportunity to seize control of the union due to its considerable wealth and used around 200 followers to intimidate the organisation.
20.08 / 11:49
FIVE
Progressive
Waters
Aware
Strategy
Cardiovascular
fun
Alcohol marketers mustn’t set the image of liberated women
alcohol than ever before. Public health authorities need to adopt more effective strategies to help women realize when their drinking can be a problem. Considering the many marketing messages pushing a “rosé all day" lifestyle, this campaign will be an uphill battle.
19.08 / 09:07
UPS
Target
Career
Entertainment
Remark
Ratan Tata's fearless confrontation with a dangerous gangster: A decision he stands by
Ratan Tata, a prominent figure in the world of Indian business, renowned for his wisdom and leadership, recently shared a remarkable story from his past. In a video presentation posted by Columbia Business School, the former chairman of Tata Group opened up about a controversial decision he made during his early days at the helm, a decision he stands by without regrets. During his tenure at Tata Group, specifically in Tata Motors, formerly known as Telco, Ratan Tata found himself in a perilous situation.
17.08 / 07:49
Binance
Crypto Exchange
Binance files for protective order against SEC
Crypto exchange Binance late on Monday filed for a protective court order against the U.S. Securities and Exchange Commission saying the regulator's requests for information were «over broad» and «unduly burdensome». In a court filing in the US District Court of Columbia, BAM Trading, Binance U.S.'s operating company and BAM Management said the group had already provided sufficient information to the regulator. The protective order seeks to limit the SEC, among other things, to four depositions from BAM employees, and to drop the deposition of BAM's chief executive and of its chief financial officer, without naming anyone. Binance and the SEC did not immediately respond to a request for comment.
15.08 / 18:53
Provident
Binance
SEC
CEO
Platform
Crypto exchange Binance files for protective order against SEC
Crypto exchange Binance late on Monday filed for a protective court order against the US Securities and Exchange Commission, saying the regulator's requests for information were «over broad» and «unduly burdensome.» BAM Trading, Binance US' operating company, and BAM Management in a court filing in the US District Court of Columbia said the group had already provided sufficient information to the regulator. The protective order seeks to limit the SEC, among other things, to four depositions from BAM employees and to drop the deposition of BAM's chief executive and of its chief financial officer, without naming anyone.
15.08 / 06:59
Provident
Binance
SEC
CEO
Platform
Binance files for protective order against SEC
Crypto exchange Binance late on Monday filed for a protective court order against the US Securities and Exchange Commission saying the regulator's requests for information were «over broad» and «unduly burdensome». In a court filing in the US District Court of Columbia, BAM Trading, Binance US's operating company and BAM Management said the group had already provided sufficient information to the regulator.
14.08 / 16:07
UPS
PwC
Blink boosts EV charging at Seattle's tallest office building
EV charging equipment company, Blink Charging (NASDAQ:BLNK) announced the installation of eight new EV charging stations at the Columbia Center Tower in Seattle, Washington, the tallest office tower in the state.
14.08 / 14:43
Binance
Digital
SEC
SUN
Bitcoin
A Crypto Mystery: Who Controls This Fast-Growing Stablecoin?
bitcoin trading fees for the stablecoin. That sparked huge demand for TrueUSD as investors rushed to buy the stablecoin to enable free bitcoin trading. The exchange now controls more than 90% of all TrueUSD tokens currently in circulation, according to data from Arkham Intelligence.
14.08 / 12:23
Invesco
Abrdn
Unit trusts/OEICs
Columbia Threadneedle
equities
St. James's Place
Artemis
equity funds
Spot the Dog: Number of consistently underperforming equity funds soars to 56
The report also identified nine ‘great danes’ – underperforming funds with assets over £1bn – up from six in February.
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