Strategy Financial News

Lithium Power International is in exclusive negotiations to sell itself to Chile’s state-owned copper mining company as the South American country moves to take control of significant resources projects.

Melbourne-based fund manager Datt Capital is initiating a wider raise for its freshly minted Small Companies fund, after securing $25 million in early commitments from a mix of existing and new investors.

FMCG companies to push demand have distributors in a tizzy as they struggle for shelf space to manage inventory, prompting them to reach out to the government to restrict the number of pack sizes to four. Packaged products companies have hit back saying that is not feasible as consumer and channel requirements are differentiated. New smaller packs are «placing extra burden on retailers as they have to keep on adding new packs, leading to inventory management challenges, and impacting distribution efficiency,» said Dhairyashil Patil, national president of All India Consumer Products Distributors Federation (AICPDF). The federation, which represents more than 400,000 distributors and stockists, has written to the government suggesting there should only be four pack sizes — entry, small, medium, and large. Nestle, Hindustan Unilever, Britannia, Parle Products, Dabur, ITC and Coca-Cola are among many others that have launched multiple low-priced packs across noodles, toothpaste, soaps, soft drinks and biscuits as a strategy to counter the consumption slowdown due to inflation. They are also using smaller packs to fight off increased competition from regional brands. Products at the entry level are being packaged in multiple price points of Rs 5, Rs 7, Rs 10, Rs 14, Rs 15 and Rs 20, unlike earlier fixed pack prices such as Rs 5, 10 and 20. Nestle's entry-level Maggi noodles is now available in packs of Rs 7, 10 and 14, in addition to multiple large packs. «New pack sizes are introduced by companies on the basis of consumer convenience, pricing and need for smaller packs.

Nomura has upgraded its ratings on India to 'overweight' as it sees the recent 'softness' in the stock market driven by higher oil prices as an opportunity to raise bets here. The firm's top stock picks in India include ICICI Bank, Axis Bank, L&T, Reliance Industries, ITC, Medplus Health, and Uno Minda. «We see recent softness driven by higher oil prices as an opportunity to raise exposure,» said Nomura's analysts including Chetan Seth, Anshuman Agarwal, and Ankit Yadav in the firm's Asia strategy note to clients.

HWL Ebsworth says it has emerged largely unscathed from the cybercrime attack that stole 2.5 million files this year, and that its profitability remains “well above industry average”.

Recent market volatility is causing concerned clients to phone their RIAs with worries about whether they will be able to retire as planned. With the largest cohort in American history turning 65 in 2024, a new study shows the calls — and the anxiety — are only going to increase.

₹23.1 crore and will be funded through internal accruals, said Barbeque Nation. Blue Planet runs an a-la-carte pan Indian cuisine restaurant chain under the brand name ‘Salt’. It was started by Chef Goutham Balasubramanium and Chef Balaji Balachander in 2013.

With the S&P 500 on pace for its worst monthly performance since December of last year, investors are increasingly turning to alternative assets outside of equities and bonds to generate returns.

Army Chief Gen Manoj Pande on Wednesday called for embracing the concept of 'unity of effort' as the guiding principle by like-minded nations to confront multifaceted challenges facing the Indo-Pacific region. In an address at the closing session of the Indo-Pacific Armies Chiefs Conference (IPACC), he said the solutions to the challenges demand creativity, innovation, flexibility and inclusive collaboration. The Indian Army hosted the two-day conclave to evolve a common strategy to ensure peace and stability in the Indo-Pacific.

The chairman of Crown Resorts says US investment giant Blackstone underestimated the amount of work that would be required to transform the casino giant’s culture and systems following years of scandal, but is confident it is on track to regain its licences early next year.

I'm back in the thick of market action after a refreshing vacation, which included a visit to the picturesque Santiago de Compostela, renowned as one of the final destinations along the famous spiritual pilgrimage route.

Two Indianapolis-based RIA firms have combined to create a new brand with more than $750 million in assets under management.

BlackRock Inc. said insurance executives overseeing $29 trillion plan to pour more money into private debt and credit strategies while cutting back on private equity and real estate.  

Considering remote working from overseas? Join the growing segment of untethered persons: In the US alone, 17.3 million Americans, 11% of the workforce, now identify as digital nomads—traditional jobholders and independent workers—an increase of 2% from 2022, according to the August 2023 report from US workforce management company MBO Partners. Another 70 million are either planning to become digital nomads over the next two to three years or are considering it. 

Construction has stopped on an interstate rail hub in southwest Sydney that is supposed to get freight off trucks on to trains after logistics group Qube scrapped a $140 million construction contract signed a year ago with Martinus Rail.

Wealth Redefine, a wealth management and financial advisory firm, is extending its presence to offices in Mumbai, Bangalore and the Middle East by 2025. It is also toying with potential expansion into Kolkata.

(Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Jain is a senior banking professional with three decades of work experience which includes 23 years in Standard Chartered Bank. He has worked in diverse geographical locations throughout India serving all client segments like Large Local Corporates, Strategic Groups, Middle Market Companies, Supply Chain Finance, Transaction Banking sales, Multinational Corporates, Financial Institutions, and SMEs.

The MCX October gold futures were trading down by Rs 182 or 0.31% from the Tuesday closing price at Rs 58,250 per 10 gram on the MCX while the December Silver futures were trading at Rs 71,110 per kg, lower by Rs 667 or 0.93%. On Comex, Gold futures were trading at $1,914.40 per troy ounce on Wednesday, down by $5.40 or 0.28% while Silver futures were at $22.950, lower by $0.246 or 1.060%. The comex prices are at a month lows. A rising dollar index (DXY), which is now at its 10 month peak, has engineered the fall in bullion prices.

dirigiste industrial policy. So far Congress has authorised at least $80bn in place-based spending (according to the Brookings Institution, a think-tank), disbursed through a range of competitive grants. The biggest-ticket items include funding authorised in the CHIPS Act, passed last year to spur American semiconductor manufacturing.