Mon, Jul 8, 2024 12:49 PM
The US economic slowdown is looking more threatening
A Flip by Shubhangi Gupta
JCB has cut 230 agency workers’ jobs in anticipation of a slowdown in orders - Rui Vieira/PA WireLord Bamford’s JCB has axed around 230 workers amid a global slump in manufacturing. It is understood the construction giant has slashed its headcount since the summer, as bosses prepare for a protracted downturn across the sector.
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Pankaj Tibrewal, founder of IKIGAI Asset Manager, shares crucial lessons learned from his 20-year journey managing public money, emphasizing the importance of consistency, patience, and a measured approach over quick wins, and highlighting the need to build a resilient portfolio and avoid common pitfalls.
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The sell-off continued in the equity market for the fifth consecutive session, pulling the benchmark indices down by nearly 1 percent on October 4, with market breadth favouring the bears. About 1,779 shares declined, while 1,055 shares advanced on the NSE. Overall sentiment remains weak, but given the somewhat oversold conditions, a bounce back cannot be ruled out early next week.
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