Record News
20.08 / 04:09
IPO
FIVE
CEO
performer
track
play
What is the best way to play the IT theme in light of AI? Pankaj Murarka answers
Pankaj Murarka, Founder, Renaissance Investment, says “when it comes to IT services, India leads the world and AI gives a new pivot to the whole growth of the Indian IT story over the next five to ten years. IT companies have a new growth pivot which can ensure that they continue this high growth path for the next decade.”There are a bunch of companies coming out with IPOs and getting listed, especially in the small finance space. SBFC got very good reception not only a 40% premium on listing but even follow-up buying. Same was the case with Utkarsh Small Finance which got listed from Banaras and caters to north India as a region. Do you have exposure to that in your portfolio in any manner?One thing I have learned during all these years of my investing is that companies go for IPOs when they are at their best and which is why we tend to have a sort of scepticism towards IPOs because we do not know these companies well in terms of their track record and because companies go to the markets when they are at the best of their business performance.
20.08 / 03:43
20.08 / 03:35
UPS
DOW
Manufacturing
NIFTY
jio financial
week
Financial
FII action, Jio Financial listing among top 10 factors to dictate D-Street mood this week
«For the first time in 15 months, the Indian equity market fell for the fourth week in a row. Sensex, Nifty, and Nifty Bank fell nearly 1% each with 31 Nifty stocks recording losses. This can be attributed to profit booking in the Nifty metal sector and selling activity by foreign institutional investors (FIIs).
20.08 / 03:35
COST
Provident
Career
CVS
'Can't sleep at night': China's youth worry about tough job market
job in her chosen field of market research despite sending out thousands of CVs to Chinese employers. The months-long search has taken an emotional toll on the 23-year-old, who had ironically conducted a survey on jobseeking anxiety as part of her university studies. «After graduating, I've found that the pressure is really huge,» she told AFP at a recruitment fair in Beijing this weekend, declining to provide her full name for fear of repercussions.
20.08 / 02:59
Cooper
Man
McDonald's
Subway
country
Buy tomatoes at ₹40 per kg from today. Details here
Agricultural Cooperative Marketing Federation of India Ltd (NAFED), will start selling tomatoes at a reduced rate of ₹40 per kilogram from today (20 August). Since last month, cooperatives NCCF and NAFED have been selling tomatoes at a discounted rate on behalf of the government to contain the price rise. To date, over 15 lakh kilogram of tomatoes have been procured by the two agencies and are being sold to retail consumers in major consumption centres in the country, including Delhi-NCR, Rajasthan (Jaipur, Kota), Uttar Pradesh (Lucknow, Kanpur, Varanasi, Prayagraj) and Bihar (Patna, Muzaffarpur, Arrah, Buxar).
19.08 / 21:09
Progressive
Waters
Align
Latin
Deaths
symptoms
Flesh eating bacteria causes multiple deaths in Florida, New York, Connecticut. Check name, symptoms
Occurrences of Vibrio vulnificus infection, found in raw or undercooked seafood, saltwater, and brackish water, were responsible for two fatalities since January in Hillsborough County, located in Tampa, according to the Florida Department of Health. Moreover, a person each from surrounding Pasco, Polk, and Sarasota counties succumbed to the same cause. The state of Florida has recorded a total of 26 cases of this infection thus far in the year. This bacterial menace flourishes in warm waters, particularly in areas where river and ocean waters converge, and can infiltrate the body through cuts, scrapes, wounds, or even consumption of raw seafood.
19.08 / 18:53
UPS
Progressive
CEO
Gap
track
Female CEOs lose ground in retail sector’s top echelons
In recent months, major retailers such as Gap, Stitch Fix, Victoria’s Secret, Kohl’s, the Vitamin Shoppe and the RealReal have appointed men to CEO positions previously held by women. Others such as Macy’s, VF Corp and Italian denim brand Diesel replaced men with men at the top. In general, it is rare for a female CEO to be succeeded by another woman regardless of the industry, according to an analysis by Catalyst. “It reminds me of the Barbie movie,” said Kimberly Lee Minor, who is the CEO of the consulting firm Bumbershoot. “We live in this society where women control the majority of consumer spending. They make the decisions and yet we still haven’t moved forward, and we have to go into this cycle.” While the number of female CEOs had been trending upward in recent years, nearly 90% of Fortune 500 companies are run by men. Of the 86 retail companies in the Fortune 1000, 13 had a woman as CEO as of July 2023, down slightly from the year before, according to the executive recruiting firm Heidrick & Struggles. Retail executives have long been quick to note that purchases are largely driven by women, who make most of the spending decisions for their households. The majority of the industry’s entry-level workforce is also female. Seventy-two percent of cashiers are women, and about half of retail salespersons are women, according to data from the Bureau of Labor Statistics.
19.08 / 18:53
19.08 / 18:53
Provident
Platform
track
country
social
Variant
Covid-19 variant 2023: US, UK, 2 other countries detect highly mutated Coronavirus variant. Details here
Dubbed BA.2.86 and informally referred to as Pirola among variant trackers on social platforms, this emerging variant exhibits over 30 changes in amino acids within its spike protein when contrasted with its closest predecessor, the BA.2 subvariant of Omicron. Dr. Jesse Bloom, a researcher specializing in viral evolution at Seattle's Fred Hutchinson Cancer Center, provided this insight, as per a CNN report.
19.08 / 16:33
UPS
Lowe's
band
country
Centre
Centre imposes 40% export duty on Onion
The duty is imposed with immediate effect and will be valid till December 31, 2023 or as per the next notification by the government. The move is expected to cool the retail inflation as vegetable prices sent consumer inflation soaring to a 15-month high in July, compared with 4.87% in the previous month, breaching the upper tolerance band of the Reserve Bank of India for the first time in FY24. The price hike was led by tomatoes which reached up to Rs 250 per kg in the retail market.
19.08 / 15:44
COST
UPS
Extreme
CEO
Hawaiian
country
In Hawaii, concerns over 'climate gentrification' rise after devastating Maui fires
The fires that broke out on Maui last week have exacerbated Hawaii’s housing crisis as more than 3,000 buildings in Lahaina were damaged or destroyed, leaving many wondering if homeowners can afford to rebuild
19.08 / 15:43
19.08 / 15:43
19.08 / 15:43
show
country
China's Xi calls for measures to mitigate disastrous flooding amid economic slowdown
Chinese leader Xi Jinping has called for measures to mitigate the effects of this year’s disastrous flooding which has left scores dead and inflicted massive damage on crops, homes and infrastructure, including in and around Beijing
19.08 / 15:43
19.08 / 15:43
COST
BLOCK
Fighting
US judge sides with Nevada regulators in fight over Utah bus firm's intrastate v. interstate routes
A federal judge has denied a Utah bus company’s bid to block Nevada regulation of routes that run primarily between Reno and Las Vegas but briefly cross into California
19.08 / 15:43
Provident
Target
Progressive
Hallmark
Conns
electronic
Cyberattack keeps hospitals' computers offline for weeks
Key computer systems at hospitals and clinics in several states have yet to be turned back on more than two weeks after a cyberattack forced some emergency room shutdowns and ambulance diversions
19.08 / 15:15
FIVE
Aware
Action
Racing
Fighting
TikTok
Gen Z
lawsuits
With TikTok and lawsuits, Gen Z takes on climate change
He was trying to escape the deadliest American wildfire in more than a century, an inferno fueled by powerful winds from a faraway hurricane and barely hindered by the state's weak defenses against natural disasters. Her father survived. But for Kaliko, 13, the destruction of the past week has reinforced her commitment to a cause that is coming to define her generation.
19.08 / 13:49
19.08 / 13:49
19.08 / 13:41
COST
UPS
Lowe's
RIG
country
Oil: Saudis Are Cutting? Well, U.S. Is Producing More and More
Of all the news that caught the interest of oil traders this week, the one that really hit home was probably the EIA’s revelation that U.S. crude production had reached three-year highs — for a second week in a row.
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