An unnamed government official has stated that Hindustan Zinc Ltd (HZL) should consider alternative financial strategies for its proposed $2.98 billion acquisition of Vedanta Ltd's zinc assets, rather than using its cash reserves. The official suggested that HZL should consider share swaps, warrants or rights issues to purchase the assets.
Open FlipWhat function does technology serve & how can businesses use it to lower attrition rates? Using HR Technology to Reduce Attrition Technology has enhanced every aspect of company, including human resources. Modern HR technology produces 65% better matching, 80% faster hiring, and up to 65% better talent retention by utilising big data and continuous feedback loops.
Open FlipThe luxury vehicle manufacturer Ferrari is looking fairly good after a significant upward movement since early Oct. On extremely high volume, this Action Alerts PLUS Bullpen name has really made a fantastic move. The moving average convergence divergence (MACD) on the daily chart has rolled over, & the indicators are mixed, but the ultimate oscillator has found support near the 50 level.
Open FlipA cross-client network called Goerli testnet, which employs proof-of-authority, is widely used to execute simulations before the launch of their mainnet. It grew by 165% before declining. By enabling ether trading & exchange between the Ethereum mainnet and the Goerli testnet, LayerZero, a cross-chain platform, envisioned the trade first.
Open FlipPressure is building on the stock market rise in 2023. Major indexes were under pressure last week as a result of inflation data that exceeded expectations & a persistent drop in confidence that the Federal Reserve's rate hikes will come to an end soon. Dow saw its 4th straight losing week while the S&P 500 & Nasdaq experienced their worst weeks of the year, losing 2.7% & 3.4%, respectively.
Open FlipAmong the stocks that will trade ex-dividend this week are Ujjivan Small Finance Bank, KSolves India and Mahickra Chemicals. An interim dividend of ₹0.75 per equity share, ₹3 per equity share, ₹0.65 per equity share is declared by the companies respectively. A company's stock does not carry the value of the upcoming dividend payment when it goes ex-dividend on a specific day.
Open FlipPulz Electronics Ltd. proposed bonus shares in a 1:1 ratio for its qualified stockholders on December 23, 2022. The record date for the distribution of bonus shares has been established as a result by the board of directors of the company. The business recorded consolidated sales of Rs 20.30 Cr in FY22, a gain of 105.70%.
Open FlipOn Thursday, Adani Ports and Special Economic Zone (APSEZ) handled 300 million metric tonnes (MMT) of cargo. In just 329 days, the company completed the freight handling. Since it began operations more than 20 years ago, APSEZ has experienced growth, & it continues to outpace all India's cargo volume growth as its market share increases quickly.
Open FlipDiversifying your portfolio into multiple asset classes is one of the best & trusted ways to build long-term wealth. Often highly rewarding investments come with associated market risks. Mudrex thus enters the picture & lets you minimize risks to further grow your wealth with its expert-managed crypto baskets called Coin Sets.
Open FlipThe new income tax slabs included in the Budget 2023 have shown to be more beneficial in terms of taxation for middle-class & salaried people. In the Finance Minister's budget address, the outlay for PMAY was raised by 66% to 79,000 cr, which is a boost to the real estate sector in terms of affordable housing.
Open FlipFollowing 6 straight hikes in the repo rate by the Reserve Bank of India (RBI) to contain increasing inflation, interest rates on fixed deposits have been hiked by banks across investment tenures, including private, government, & small finance banks. The banking firms that provide banking services to India's underserved & unbanked areas now offer FDs with interest rates of 9.50%.
Open FlipPlatforms for generative artificial intelligence, like ChatGPT, according to Tata Consultancy Services (TCS), will produce a "AI co-worker" rather than eliminate jobs. As per Milind Lakkad, chief human resources officer (CHRO) of the largest IT services company in the nation with over 6 lakh employees, such solutions can help increase efficiency without altering business models for organisations.
Open FlipWhile the manufacturer of telecom equipment concentrates on ambitious growth, Nokia announced plans to alter its brand identity for the first time in nearly 60 years on Sunday, complete with a new logo. The word Nokia is represented by 5 distinct shapes in the new logo. Depending on the purpose, the previous logo's signature blue colour has been replaced with a variety of colours.
Open FlipThe consolidated income from operations for CRISIL Ltd. increased by 20.3% to 2,768.7 cr. The CRISIL Board of Directors has proposed a final dividend of Rs. 23, each equity share with a face value of Rs. 1, for the fiscal year that ends on December 31, 2022. The shares of CRISIL finished on the NSE on Friday at $3,227.00 per, gaining 0.65%.
Open FlipMany airlines were still losing money a year ago as some nations took their time lifting travel restrictions related to the coronavirus. Some of those carriers have impressive financial results this year.
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