BUSINESS
IPO-bound Delhivery has promising growth potential: Samco Securities
Although the company's revenues are increasing at a rapid pace, the company's EBITDA and cash flow from operations remains negative, the brokerage said in a note. "We expect that the company will continue to experience increasing cost pressures, at least in the short term, due to rising fuel costs," Yesha Shah, Head of Equity Research at Samco Securities, said.
LIC's grey market premium falls ahead of exchange listing
In stock market parlance, the buying and selling of securities before they are officially issued on the stock market is called grey market. In the unofficial market, shares of the insurance major exchanged hands at a minuscule premium of Rs 8-10 per share over the issue price, which is 90 per cent below the premium of Rs 100-105 per share it commanded a week earlier, according to an Economic Times report.
Enough pressure on RBI as rupee's sentiment negative, may touch 80/$1, says mkt observer Mecklai
The Reserve Bank of India's decision last week to hike key policy rates by 40 basis points in an off-cycle meeting has surprised everybody.
Indian regulator warns Uber, Ola to fix customer complaints else face penal action
Sources close to the matter told IANS that the consumer regulator, under its Chief Commissioner Nidhi Khare, gave the ride-hailing platforms 30 days to fix their algorithms related to ride cancellations and surge pricing, else they will be penalised.
Startup CEO salary hits $150K on average this year
According to startup accounting firm Kruze Consulting, in 2022, chief executives at early-stage companies that have raised over $10 million in financing were paid just $199,000. "Founder CEOs at companies that have raised under $2 millions were paid $106,000 on average -- a difference of over $90,000," the report mentioned.
'Indian life insurance business to face pressure in FY23'
Looking back at the new life insurance business for the fiscal that went by FY22 Emkay Global said even though unit linked insurance policy (ULIP) made a strong comeback during the first nine months logging about 50 per cent growth in retail annual premium equivalent (APE) the category witnessed slowed down materially in the last quarter. The ULIP growth for the year was 33 per cent.
JSW Group to make $7 bn bid for Ambuja, ACC: Report
The company will offer $4.5 billion in its own equity and $2.5 billion from undisclosed private equity partners for the bid, JSW Group Chairman Sajjan Jindal told the financial daily. Further, it will acquire 63 per cent stake in Ambuja Cements.
Multi-factor authentication to generate $27 bn globally for operators: Report
According to Juniper Research, it is predicted that this 5 per cent growth will be driven by increased pressure on digital service providers to offer secure authentication that reduces the risk of data breaches and protects user identity.
MRF closes FY22 with lower profit after tax at Rs 647.34 crore
The company's board recommended a final dividend of Rs 144 per share of Rs 10 each. The total dividend for FY22 was Rs 150 after taking into account two interim dividends of Rs 3 each. For the period under review, MRF had posted a total income of Rs 19,304.43 crore up from Rs 16,128.58 crore. The company had posted a net profit of Rs 647.34 crore last fiscal, down from Rs 1,249.06 crore logged in FY21.
Vahan recognised as global technology pioneer by World Economic Forum
Vahan leverages technology to assist blue collar workforce in finding jobs that match their skills. It helps employers such as Swiggy, Shadowfax, and Zomato reduce their hiring costs by up to 30 per cent by identifying the ideal candidate at the right price, at the right place, and at the right moment.
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