Tuesday, May 14, 2024

ASBM UNIVERSITY

INFORMATION UPDATES

Vol. 11(25) Date. 14.05.2024

CHANAKYA CENTRAL LIBRARY

(Weekly Selective Compilation of News from Various Sources) 

GLOBAL BUSINESS NEWS

New Opportunities for International Businesses: TerraPay Partners with Multipass - PR Newswire

PRNewswire/ -- TerraPay, a leading global money movement company, has joined forces with Multipass, a bank challenger in the financial technology ...

Britannia: International Business Growth, Expect Rise From Election Result & Monsoon - YouTube

Britannia, a global business conglomerate, is experiencing significant growth in its international operations, primarily driven by its expansion ...


Foxconn's Q1 profit to jump from low base, AI to power growth - Times of India

International Business News: TAIPEI: Taiwan's Foxconn, the world's largest contract electronics maker, is expected to report on Tuesday that ...


'Financial guru forecasts massive stock market correction in US' - Times of India

International Business News: NEW DELHI: Grant Cardone, a seasoned private equity fund manager, has issued a stark warning about an imminent stock ...


Asian stocks rise, dollar weakens on renewed global rate cut optimism - Business Standard

Ben Bennett, Asia-Pacific investment strategist at Legal And General Investment Management, said the Ministry of Finance wants to avoid spikes in ...


India's popularity soars in Asian-bond portfolios: Morningstar - The Hindu BusinessLine

Asian high-yield bond funds increase allocation to India, reflecting positive sentiment among fund managers and rising exposure to Indian bonds.
F5 onboards Pratik Shah as managing director for India and SAARC region - afaqs!

Pratik's reputation as a leading expert in business development & sales strategy makes him the perfect fit to spearhead F5's business in this region.
Tata Pension Management eyeing break even in 2025-26, says CEO Kurian Jose

Tata Pension Management aims to break-even by 2025-26 with ambitious AUM targets and strong Tata Group trust.

Titan Management Shares Outlook On Gold Prices, Jewellery Demand & Margins - YouTube

Titanq4earning #Titanq4results #Titanq4profits #Titanearningslive #marketupdate #businessnews Titan, India's leading consumer lifestyle Company, ...


Management
 Versus Technical Track - IEEE Spectrum

Engineers have fulfilling, rewarding careers as individual contributors and as managers—and companies need both. You should decide your path based on ...

INDIAN BUSINESS NEWS

Indian Bank to focus on mid-corporate business - Times of India

India Business News: CHENNAI: Public sector Indian Bank will focus on the mid-corporate business and looks at 15% growth in the segment in FY25.


Indian Business
 Leaders From Thailand | May 2024

Indian business leaders have made significant contributions to Thailand's economy, fostering strong bilateral relations between the two nations.


Indian tech companies to witness 46% hiring boom in 2024: Report

Indian tech companies anticipate a 46% hiring surge in 2024 despite 31% of engineers facing hiring freezes, per Flexiple.

Financial services startup Groww moves domicile to India from the US - Business Standard

Many Indian startups domiciled abroad are considering shifting their base or reverse-flipping, to India. These include companies engaged in areas ...


The Investment Trust Of India Q4 Results Live : profit falls by 72.91% YOY | Mint

Question : What is the Q4 profit/Loss as per company? Ans : ₹3.53Cr. Question : What is Q4 revenue? Ans : ₹86.49Cr. Stay updated on quarterly ...

Warren Buffett: We'll see how next management handles future investments in India

Berkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Watch the full coverage of Berkshire ...

India's election management an example to world's democracies: PM Modi after casting his vote

Lok Sabha Elections Phase 3: Prime Minister Modi says India's democracy sets an example to other democracies of the world.


India's Popularity Soars in Asian Bond Portfolios | Articles - Morningstar

... Management launching an India-focused bond fund - Indian corporates are issuing more bonds to tap into the global financial markets. Over the past ...


Waste management: Survey in Bhopal, one of India's cleanest cities, highlights gaps ...

Solid waste management (SWM) is a crucial issue facing cities worldwide. Residents' behaviour towards waste collection plays a crucial role in the ...


Turbulence at Air India Express: Management should ensure smooth transition

Following this latest incident, Air India Express fired several of its senior cabin crew members. However, on Thursday evening, the airline “agreed to ... 

ODISHA BUSINESS NEWS

'Odisha is ahead of Gujarat, it is ironic that...': BJD's VK Pandian responds to PM Modi

VK Pandian, who served as private secretary to Odisha Chief Minister Naveen Patnaik for over a decade, shared statistics, comparing various ...


Odisha's richest Lok Sabha election candidate owns 59 mutual fund schemes

Santrupt Misra, a BJD candidate for the Cuttack Lok Sabha Seat, declared investments in 59 mutual fund schemes. Notably, he holds significant ...
How the Patnaiks, despite being 2% of Odisha's population, ruled the state for 45 years, and ...

As Odisha undergoes polling for the assembly elections, Naveen Patnaik, the incumbent Chief Minister, is aiming to secure his sixth term in office ...


Lack of drinking water facility main issue in Odisha's Koraput LS seat - Business Standard

... healthcare facilities are the main demands of the voters of Koraput Lok Sabha constituency in Odisha which will go to the polls on May 13.
Odisha: Three directors of fintech companies arrested on charge of cyber fraud

In recent years, there has been a concerning increase in cases of investment fraud, with perpetrators often utilising WhatsApp or Telegram groups ...

Shyam Metalics & Energy commences operations at Ramsarup plant | Capital Market News

Disclaimer: No Business Standard ... Shyam Metalics gains on capacity expansion in Odisha plant ... Copyrights © 2024 Business Standard Private Ltd.


American Brew Crafts acquires Denzong Brewery in Odisha to fuel Eastern India Expansion

Uniindia: Hyderabad, May 6 (UNI) American Brew Crafts Pvt. Ltd. (ABCL), a leading brewing company renowned for its exceptional brews, announced on ...
From Struggling Artisan to Successful Entrepreneur: How Swakalpa Revived Radhakanta's ...

... businesses in Odisha, with a focus on ensuring 25% female participation. Handloom BusinessRadhakantaSwakalpa · Itishree Sethy 1953 posts 0 comments.


People of Odisha remote controller of Naveen Patnaik: VK Pandian on PM Modi's 'expiry date' remark

VK Pandian, who is considered a close aide of Naveen Patnaik, was responding to Prime Minister Narendra Modi's recent comment about the Odisha CM.
LS polls: Odisha people fed up with corruption, misrule by BJD, says BJP

The BJP on Tuesday claimed that the party will form a government in Odisha in June after the announcement of assembly election results as the ... 

SHARE MARKET NEWS

This banking stock quadrupled investor wealth in two years; here are fresh price targets

Multibagger stock: South Indian Bank shares closed at Rs 28.08 in the current trading session, quadrupling investor wealth in two years.

PSU bank stocks fall up to 6% as new RBI guidelines spoil mood - The Economic Times

PSU bank stocks, including Canara Bank, Punjab National Bank, and Bank of Baroda, plunged up to 6% due to RBI's draft circular proposing stricter ...


Indian Bank Q4 results: Profit jumps 55% YoY to Rs 2247 crore; Rs 12 dividend declared

Indian Bank Q4 results: The state-owned lender's net interest income increased by 9 per cent (YoY) to Rs 6015 crore in Q4 FY24 as against Rs 5508 ...
IRDAI clears 26% share transfer in Reliance Capital Insurance arm to Hinduja Group's ...

Reliance Capital's insurance arm, Reliance Nippon Life Insurance Company (RNLIC), is a joint venture (JV) between Reliance Capital and Japan's Nippon ...

US stock markets: Walt Disney shares tumble over 9% after quarterly results

Walt Disney Co. shares tumbled more than 9 per cent on Tuesday morning in New York after the media giant announced its quarterly financial results and forecasts for the current quarter. At 11:48 a.m. EDT, the Walt Disney stock was at $104.90, ...


940% return in 5 years! Can multibagger stock Polycab India rise further? - BusinessToday

Motilal Oswal, which recently initiated coverage on Polycab India with a BUY rating, said it likes the company due to its strong performance in the ...

Stocks to Buy: Here's why Anand Rathi suggests HAL, Titan, Aegis Logistics

Aegis Logistics. Aegis Logistics marked by a significant shift in its price action. Detailed scrutiny of its daily chart reveals a pivotal ...

SBI Q4 net profit rises 24% to Rs 20698 cr, GNPA lowest in 10 years

State Bank of India (SBI), the country's largest lender, on May 9 reported 24 percent rise in net profit at Rs 20,698 crore for the quarter ended March 31, 2024, aided by strong loan demand. SBI reported net profit of Rs 16,695 crore in the year-ago ...

GENERAL NEWS

Ahead of retail earnings, here's what we know about the consumer so far - CNBC

But stubbornly high prices are squeezing consumers with lower incomes, pressuring everyday purchases and corporate profits. Home Depot and Walmart ...


Kotak Mahindra Bank plans to hire 400 engineers to ramp up tech transition

With the hires this year, the bank will have achieved a “critical mass” in talent and additions would be gradual after that, he said. India's fourth ...

Health insurance premium shot up over 25% last year for 52% policyholders, finds survey

Health insurance: Premiums of health insurance policies went up by more than 25% for 52% policyholders in India over the last 12 months.

India's retail market to surpass $2.2 trillion by 2030, 90% sales to be offline: Report

India's retail market set to exceed $2.2 trillion by 2030, with 90% of sales offline, influenced by online presence.
Race 11, Day 6 - PSP Logistics Skipper Report

They are cooking up a storm for dinner at the moment, hoping to get one over on Tracey and Mark's PSP Logistics decorated red velvet cake that was ...


Optimising E-commerce Efficiency: Innovative Logistics Strategies | Deeside.com

In this dynamic and competitive environment, logistics does not just support business operations; it can also be a game-changer in terms of customer ...

Dr Reddy's Q4 net profit rises 36% to ₹1307 crore, surpasses market expectations

In an exchange filing, the Hyderabad-based company said that revenue increased to ₹7,083 crore during the quarter, a 12% year-on-year (YoY) growth, fuelled by solid sales in North America and emerging markets.

Buy Blue Star; target of Rs 1670: Sharekhan

Overall, consolidated operating profit was up 35% y-o-y at Rs. 242 crore. Strong revenue growth and improvement in OPM led to PBT and adjusted net profit growth of 46% y-o-y and 86% y-o-y to Rs. 214 crore and Rs. 160 crore, respectively.

Vodafone Idea share price target: Management upbeat; 3 events to watch out for

... management of telecom operator. It said the Vodafone Idea management appeared upbeat about the growth prospects following the recent successful ...


Tata Pension Management eyeing break even in 2025-26, says CEO Kurian Jose

Tata Pension Management aims to break-even by 2025-26 with ambitious AUM targets and strong Tata Group trust.
Is Python a must-have skill in the supply chain? How much Python do I need? Our CIS 2650 ...

Is Python a must-have skill in the supply chainhttps://lnkd.in/dcEJuZJX. How much Python do I need? https://lnkd.in/e6Rmzpw.

Flood crisis management: leveraging tools for business continuity | BCI

BPER Banca, concious of the potential disruption to its operations, swiftly mobilized to safeguard business continuity. The primary objective was to ...

Tata Motors Q4 Results: Net profit jumps over 3-folds on robust demand, JLR revenue up 11% YoY; 5 key highlights

India's most valuable carmaker beat D-Street estimates as it reported a more than three-fold increase in net profit driven by strong performance across all its three auto businesses, especially its British luxury car unit, Jaguar Land Rover (JLR).

  

Source of Information for this issue: Google alert accessed on 14th May, 2024
Knowledge Is Power. Be Informed, Be Knowledgeable, and Be Powerful.
Best Wishes Compilation
Rasmita Barik
Information and Documentation Division, Chanakya Central Library.
ASBM University, ShikshaVihar, Bhola, Barang, Khurda Road, Chandaka Bhubaneswar- 754012
Website: 
www.asbm.ac.in, Tel: 0674-2374832, 2374833, Email: Library@asbm.ac.in,
DrManashriNath, Librarian, Knowledge and Information Services Unit, Chanakya Central Library, ASBM UNIVERSITY Bhubaneswar. 
Library1@asbm.ac.inwww.asbm.ac.in

 

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