Infosys co-founder NR Narayana Murthy on Friday called out the current crop of entrepreneurs for not taking initial public offerings (IPOs) seriously and not treating investors’ savings with respect. The IT veteran said: “IPOs have somehow been taken as a surrogate for the next round of financing. I think that’s not a good thing because […]
(Bloomberg) — Investors should buy “dull” companies that generate steady cash flows as stock markets face growing headwinds from inflation and a potential economic slowdown, according to the chief executive officer of Causeway Capital Management. Read More
Jonathan Ferro highlights the market-moving news you need to know with 30 minutes dedicated to fixed-income. Featuring a round-table including BlackRock’s Gargi Chaudhuri, JPMorgan’s Bob Michele, and Bianco Research’s Jim Bianco.
The Employees’ Provident Fund Organisation (EPFO) will soon start crediting 8.1% rate of interest for 2021-22 to its members as the finance ministry has ratified the rate proposed by the retirement fund body in March. In March, the Central Board of Trustees (CBT), the highest decision-making body of the EPFO, decided to lower the interest […]
The commerce ministry has made a renewed push to allow firms in the special economic zones (SEZs) to sell goods in the domestic market at a low duty, as it prepares a raft of proposals to replace the existing law governing these duty-free enclaves with a new piece of legislation, official and industry sources told […]
Anthony Lacavera, the entrepreneur and investor who was shut out of Rogers Communications Inc.’s process to sell Freedom Mobile, has gone directly to Freedom’s current owner — Shaw Communications Inc., the Calgary-based telecommunications company that Rogers is attempting to acquire — with a proposal that would see Shaw collect a break fee from the Rogers […]
By Pralok Gupta The US-led Indo-Pacific Economic Framework for Prosperity (IPEF) is strategically important for India for four reasons. First, it will enhance India’s economic engagement in the region, which was dented after India’s withdrawal from the Regional Comprehensive Economic Partnership (RCEP) agreement. India’s last-minute withdrawal from RCEP was not seen in the right spirit […]
LIMA — Peru’s Cabinet met on Friday to try and find a truce to the ongoing conflict that has paralyzed operations at MMG Ltd’s Las Bambas copper mine, but ministers left in the afternoon without announcing a decision. Read More