Zensar trims retail portfolio, to focus better on core
The IT company decides to focus on three core areas-- high-tech manufacturing, infrastructure and financial services. Zensar reported a 32.6% drop in net profit for the December quarter, citing softness in the retail segment — with a revenue impact of about $5 million — as a key reason for the profit decline.
Cabinet to take up proposal to amend Disaster Management Act
The 2005 Act mandates creation of new institutions and assignment of specific ro...
Induslnd Bank launches wealth management platform
Tts wealth management platform Pioneer Banking, which caters to high net-worth customers.
PMS norms notified; net worth limit raised to Rs 5 crore
The markets regulator had issued the new guidelines in November 2019.
Samsung moves India's managing director Hong to Latin America region
The change in Indian operation comes on the heels of Samsung rejigging its global top management team earlier this month which included change of the global mobile business chief and 162 executives who earned promotion in an annual reshuffle exercise.
Insolvency against Raheja Developers halted, Board to manage
The developer had moved the appellate tribunal after the National Company Law Tribunal (NCLT) held the company to be in default of its obligations to two home buyers who had approached the tribunal.
Are mid cap and small cap index mutual funds good for our portfolio?
Passive schemes are gaining traction after they proved their worth in the large cap segment in the last two years. The other reason for their popularity is their ‘low-cost’ structure.
Fund manager who predicted Operation Twist says govt can’t ignore FIIs
Market can only handle more borrowing if more foreign investors are allowed to participate.
Fund house indulging in NAV management?
That’s what some rivals think going by the activity in some of its top midand small-cap stock holdings.
Brookfield may buy majority stake in IndoStar
Deal likely at about 10% premium to the current market price of the finance company
Shriram Transport Finance NCD manages to just scrape through
Shriram Transport’s latest NCD issue was rated AA+, an investment grade level one notch below the highest AAA. While retail investors put in Rs 179 crore, HNIs put in Rs 30 crore. These NCDs offered interest rates between 8.5 per cent and 9.1 per cent depending on their tenures. Earlier in January, the Rs 2,000-crore NCD issue of Tata Capital Housing Finance was lapped up by investors.
SpiceJet to strengthen management team as Shilpa Bhatia set to rejoin
Bhatia has been with SpiceJet as its chief of sales and revenue for few years before moving to IndiGo as its chief sales and revenue officer last year. She quit the firm this month. "We are expecting her to join in February" a person aware of the matter who did not wished to be named said, "There are likely to be some other shuffle too including reporting changes."
Amateur investors are making risky bets that could wipe them out
Investors are trying to make up for yields by getting into markets they aren’t familiar with.
69% of routine work currently done by managers will be completely automated by 2024: Gartner
"Currently, managers often need to spend time filling in forms, updating information and approving workflows. By using AI to automate these tasks, they can spend less time managing transactions and can invest more time on learning, performance management and goal setting," Helen Poitevin, research vice- president at Gartner, said.
Fund managers expect global growth to rise
“Investors are bullish, but not euphoric,” said Michael Hartnett, chief investment strategist at BofA.
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