Strategy Financial News
04.08 / 15:55
UPS
Career
Action
Strategy
McGrath
Has playing in all three formats caused too much trouble for Jasprit Bumrah? Aussie legend Glenn McGrath weighs in
Jasprit Bumrah from other fast bowlers or his competitors is his unique action, which helps him achieve that deadly pace and accuracy that create too many troubles for the best batters in the world. But the same action could be causing career-threatening injuries to the Gujarat pacer, as his seven-year international career has been plagued by many of them. Injuries are part and parcel of a fast bowler's life, but the amount of cricket that has been played these days has put added pressure on the bodies of pacers across the world, and that is why workload management is something that is seriously looked at in world cricket these days.
04.08 / 14:27
Provident
Waters
Strategy
Indian
Standard
NITI Aayog lays out standard definition, approach of water neutrality for Indian industries
NITI Aayog has laid out a standard definition and approach of water neutrality for Indian industries, saying it will help save water, lead to its efficient use and enable evaluation and validation of the water neutrality claims made by industries. According to the Aayog, henceforth water neutrality will be defined as “total freshwater consumption which is referred to as the sum total of direct freshwater use as well as estimated indirect or virtual water use as a part of water critical supply chains, applicable as on current date referred to as the date on which the evaluation is done, should either be less than or equal to all the quantifiable (and verifiable) water savings achieved through strategies undertaken as well as to be further (and futuristically) executed towards improving operational water use efficiencies, water conservation efforts”.
04.08 / 13:21
UPS
Strategy
Teachers
Warning
UP develops 'early warning system' to reduce school dropouts; create a single body for teachers jobs
Uttar Pradesh government is planning «early warning system» across schools in the state. Taking inspiration from the Netherlands, the basic education department has initially implemented the new system in Gonda, Bahraich, Balrampur, and Shravasti districts of Uttar Pradesh. As per a ToI report, the primary objective of this system is to ensure that students remain engaged in their education and do not discontinue their schooling.
04.08 / 10:21
UPS
Lowe's
CEO
Strategy
show
businesses
US businesses hoarding workers even as economy cools
Kevin Kelly knew his small factory outside San Francisco would soon see demand wilt for the plastic bags it churns out for pre-cut salads and other produce. In the past, he would have swiftly chopped 10% of the workers that run his bag-making machines, or about 15 people. But after struggling to fill jobs during the boom triggered by the COVID-19 pandemic, he didn't this time.
04.08 / 09:29
FIVE
Reuters
VISA
Strategy
Mobile
Qualcomm
Warning
Qualcomm India appoints Savi Soin as President amid warning of potential job cuts
Indian market. The statement said, “Qualcomm Incorporated today announced the appointment of Savi Soin as senior vice president and president of Qualcomm India," reported PTI. Savi Soin, who has been with Qualcomm for more than two decades, previously served as the head of strategy and business development at Qualcomm Technologies' semiconductor division.
04.08 / 09:03
COST
UPS
Target
Strategy
performer
Eicher Motors shares rise 3% after Q1 profit zooms 50% YoY. Should you buy, sell or hold?
Eicher Motors shares rose nearly 3% to Rs 3,478 in early trade on Friday after the firm reported a 50.38% year-on-year (YoY) rise in its June quarter profit at Rs 918 crore to beat Street estimates. However, later in the day, the stock was trading flat at Rs 3,378.
04.08 / 08:49
UPS
Lowe's
Booking
Manufacturing
Platform
Strategy
How can corporates use the ETCD platform to hedge their forex? Gaurang Somaiya explains
«We are expecting that this low volatility could still continue. So, there has been this tussle which has been going on between the bulls and the bears,» says Gaurang Somaiya, MOFSL.First thing I want to ask about is the volatility in rupee which is at a multi-month low. Now, this is making Indian corporates a bit complacent in terms of the hedging in their currency. Is that what you are seeing? What is your understanding here?Yes, we are seeing a bit of complacency coming in from these Indian corporates and as you correctly mentioned that yes, volatility has been at a multi-year low actually.
04.08 / 07:33
Fighting
Strategy
DAL
show
stage
country
Centre
Delhi HC asks Centre, ECI, 26 political parties to respond to plea against use of INDIA for alliance
Delhi High Court on Friday sought a response from the Centre, Election Commission of India, and 26 political parties on a petition seeking to restrain opposition parties from using the acronym INDIA for their alliance. Opposition bloc INDIA (Indian National Developmental Inclusive Alliance) comprising 26 parties was announced at a meeting in Bengaluru, Karnataka on July 17-18 to take on the ruling NDA in the 2024 Lok Sabha elections. A bench of Chief Justice Satish Chandra Sharma and Justice Amit Mahajan issued notices to the ministries of Home Affairs and Information and Broadcasting, ECI and 26 political parties on the petition, saying that the matter needs to be heard.
04.08 / 06:31
FIVE
Strategy
Mobile
Qualcomm
Qualcomm India appoints Savi Soin as President
Savi Soin as president of Qualcomm India, to steer and lead the company's strategy for the Indian market. Rajen Vagadia, Qualcomm India president for the last five years, will relocate to Qualcomm headquarters in San Diego and transition to a new role as a Vice President to lead Global Distribution and Global Carrier Strategy.
04.08 / 06:31
Lowe's
Strategy
SENSEX
performer
A multi-asset fund is an all-weather proposition for conservative investor, says Sailesh Raj Bhan
gold prices have rallied to record highs. And this pattern has repeated many times in the past decades as well. The domestic economy is expected to continue on its healthy growth path, led by government and private sector capex spending, though advanced economies still face high inflation and slowing growth. Along with the challenges of geopolitics, all these factors leave a retail investor highly confused on how to make an asset allocation decision – apportioning money across equity (domestic & International), debt and gold (may be REITs and silver as well).
04.08 / 05:43
UPS
Citi
Provident
Strategy
ICE
country
US expands curfews for asylum-seeking families to 13 cities as an alternative to detention
families while they wait for initial screenings after crossing the border, signaling they are comfortable with early results of what is intended as an alternative to detention. The curfews began in May in four cities and, on Friday, grow to 13 locations, U.S. Immigration and Customs Enforcement officials told advocates.
04.08 / 05:43
COST
UPS
Citi
Strategy
Mobile
performer
rate hikes
Airtel Q1 ARPU growth due to more postpaid users, entry level rate hikes
India mobile average revenue per user (ARPU) reported by Bharti Airtel for the fiscal first quarter has been aided by better subscriber mix with more postpaid customers added in the quarter, and the full impact of the entry level tariff interventions taken by the telco from November 2022 to March 2023, analysts said. Airtel’s ARPU for the quarter at Rs 200 beat street estimates of Rs 197, indicating that its premiumisation strategy is being executed effectively, they added. “Bharti’s 1Q performance is yet another indicator of its strong execution backed by an effective premiumisation strategy and cost control, that is yielding results in the form of market share gains, robust FCF (free cash flow) generation, and B/S (balance sheet) deleveraging, notwithstanding high ongoing capex,” analysts from Citi said.
04.08 / 03:09
UPS
Provident
Lowe's
Strategy
Boeing
Dollar struggles before payrolls test; Aussie rebounds
dollar hung back from a four-week high against major peers on Friday as investors looked ahead to a key jobs report that could influence the path for U.S. interest rates. Sterling traded slightly higher after recovering knee-jerk losses following the Bank of England's decision to downshift to a quarter point rate hike on Thursday.
04.08 / 01:45
FIVE
Strategy
Pool
Matthews
show
country
Australian
Bank of America’s Australian investment bank morphs into regional hub
Bank of America has made two high-profile changes in its investment bank, building on a successful strategy of elevating Australian bankers into broader regional roles this year.
04.08 / 00:59
UPS
CEO
Action
Strategy
Matrix
Covenant
Davidson Kempner begins rejig of Aakash board
Davidson Kempner (DK) has started reconstituting the board of Aakash Educational Services Ltd (AESL) in an effort to turn around and improve the governance of the crown jewel of cash-strapped Byju’s, regarded as India’s most valued edtech company. The hedge fund is inducting at least four new independent and nominee directors in the test-prep subsidiary of Byju’s parent Think & Learn, said people in the know. The new board is expected to take charge within a fortnight.
04.08 / 00:59
UPS
FIVE
BLOCK
Manufacturing
Strategy
performer
Blackstone sets its sights on buying out Hamieds from Cipla
Blackstone, the world’s largest private equity fund, is set to submit a non-binding bid as early as next week to acquire the entire 33.47% promoter stake in Cipla, India’s third-largest generics company by revenues, said people in the know. This will formally start a process which could see the eventual exit of the Hamied family from the company they created in 1935, and which has often been seen as a crusader against Big Pharma’s pricing strategies in emerging markets on account of its championing of affordable drugs. The move by Blackstone, if it comes about, will also trigger an open offer for an additional 26% of the company.
04.08 / 00:39
UPS
Digital
Platform
Strategy
Enterprise
show
Surviving and thriving: tips for keeping your business current and competitive
In a challenging economic climate, it’s never been more important for retailers to win over customers, develop innovative products and enter new markets. Technology is the variable that will elevate the winners in this epic battle.
04.08 / 00:39
COST
UPS
Strategy
Albemarle
stage
rock
Lithium giant distances itself from billionaire’s attack on China
Albemarle has distanced itself from Mineral Resources boss Chris Ellison and his attack on China after he pulled out of a billion dollar-deal lithium processing deal with the global battery chemical giant on the Chinese mainland last month.
03.08 / 19:15
NASDAQ
Aware
Strategy
Indian
Nasscom seeks direct listing of overseas Indian startups
Indian startups with externalized structures to list on the domestic markets, said two people aware of the development. Nasscom’s move is significant, given that over 16% of Indian-origin startups are not eligible to access the local markets due to their externalized structures. According to existing rules, only domestically incorporated firms are permitted for listing in India.
03.08 / 19:15
UPS
Provident
Waves
Progressive
Action
Strategy
NOT
‘China-plus: India not a natural choice’
Edited excerpts: From a markets point of view, liquidity is back in some form. Whether from foreign investors’ point of view, FOMO or whatever it maybe, the fact is that our markets outperformed our neighbours. The broad investment theme is that companies that are actually run well are finding takers.
03.08 / 18:45
Citi
Airlines
Strategy
show
country
events
‘Meetings, events, conference travel outpacing business travel’
₹3-5 lakh per person in some of the premium groups. “MICE travel has now become a year-round activity," Meera Charnalia, executive vice president and head of the category for the business told Mint.
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