Overseas investors are pouring more money into India’s sovereign bonds than stocks, drawn by their relatively lower valuations and upcoming inclusion into global debt indexes. Global funds have plowed a net $4.1 billion into the nation’s debt since Jan. 1, with government securities luring the bulk of the flows ahead of their addition to JPMorgan … Read more
I might have inadvertently insulted Bret Taylor and Clay Bavor when I interviewed them about their new AI startup last week. Their new company, Sierra, is developing AI-powered agents to “elevate the customer experience” for big companies. Among its original customers are WeightWatchers, Sonos, SiriusXM, and OluKai (a “Hawaiian-inspired” clothing company). Sierra’s eventual market is … Read more
A man wearing a protective face mask walks past a Nike brand store in Kyiv, Ukraine, on Dec. 10, 2020. Valentyn Ogirenko | Reuters Nike is cutting 2% of its current workforce, or more than 1,500 jobs, as part of a broader restructuring, the company said late Thursday. The Beaverton, Oregon-based sneaker giant said it … Read more
While arguing that most sectors and stocks are quite overvalued, domestic broking firm Kotak Institutional Equities today said the disconnect between price and value may sustain given India’s decent macro position, retail investor-led mania on Dalal Street and expectations of PM Modi retaining power after Lok Sabha elections. However, as investors are happy to overpay … Read more
The Body Shopâs European businesses have begun shutting down, with the German stores put into administration and its Belgian staff told they will be next, placing more than 460 jobs at risk across the two countries. The closures come after Aurelius, the German restructuring specialist that bought The Body Shop last year, put the ethical … Read more
Nifty on Friday ended 139 points higher above the 22,000 mark to form a Spinning Top candle on the daily chart and indicate indecisiveness. The index looks set to test record-high levels next week. The short-term moving averages are below the price action and should continue to support the indices on every decline. With 22,000 … Read more
Illustration by Christina Locopo Retail has seen unprecedented upheaval over the last several years. Some of the industry’s key decision-makers expect even more evolution ahead. Covid-related shocks have upended retail, after clogged ports and merchandise shortages gave way to excess inventory levels and shifting consumer demands amid persistent inflation. Those disruptions accelerated transformations in the … Read more
Mukesh Ambani-led Reliance Industries (RIL) is currently sitting on a Rs 90 crore loss in a smallcap firm and a prominent player in film and television production Balaji Telefilms. In July 2017, RIL made an investment of Rs 413.28 crore in Ekta Kapoor-backed Balaji Telefilms. The conglomerate purchased 25.2 million equity shares at Rs 164 … Read more
The US Securities and Exchange Commission on Thursday cleared the way for blank-check acquisition company Digital World Acquisition Corpâs merger with Donald Trumpâs media and technology company. Digital World said a registration statement for its proposed merger with Trump Media & Technology Group (TMTG), the operator of social media platform Truth Social, was declared effective … Read more
Entero Healthcare Solutions witnessed a negative debut on the exchanges on Friday, falling short of pre-listing expectations. Analysts said the underwhelming listing highlights concerns surrounding the company’s financial health. Entero has incurred losses in the past three fiscal years, raising concerns about its financial sustainability and profitability. It also faces challenges with negative cash flows … Read more
