Tue, Jan 31, 2023 5:46 PM
Economic Survey 2023: 3.2% of India's GDP presently consists of NPS assets
A Flip by Bhavya Sabharwal
Beijing has introduced measures to reduce the cost of buying a home, cutting mortgage interest rates and minimum down-payment ratios to boost the local property market. The minimum down-payment ratio will be lowered to 20% from 30%, and for some second-home buyers to 35% from 40%. The floor rate for first-home mortgages will be reduced to the loan prime rate minus 45 basis points.
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Creatio, the no-code CRM and workflow automation platform, on Wednesday announced that it has raised a $200 million funding round led by Sapphire Ventures. StepStone Group and current investors Volition Capital and Horizon Capital also participated in this round. As the demand for software continues to increase, she noted, the number of developers isn’t keeping pace.
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General Mills' annual profit outlook disappointed, causing its stock to fall. The company reported a 6.3% year-over-year revenue decline to $4.71 billion, missing estimates. Adjusted EPS of $1.01 beat estimates, but gross margin slipped 10 basis points to 34.9%. The company expects FY25 organic sales growth of 0-1% and adjusted EPS of -1% to +1%.
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