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Priority must be on price control, adequate availability of wheat: Geojit
Indian IPO market experienced significant slowdown
In Q1 2022, the Indian market introduced 16 IPOs vs 23 IPOs in Q1 2021, according to the EY Global IPO Trends Q1 2022. During Q1 2022, proceeds raised through the main markets equated to $ 995m via three main market IPOs compared to US$ 2.57 bn during Q1 2021, which is a decline of 60 per cent in proceeds raised and a decline of 82 per cent in the number of deals. SME segment raised US$ 17.46m via 13 IPOs during Q1 2022.
Capgemini acquires Chappuis Halder to boost financial services biz
Headquartered in Luxembourg in Europe, Chappuis Halder is a nearly 150-people consulting firm, with main offices in North America, Europe, and South-East Asia, with reputation for its financial services leading expertise. With Chappuis Halder's specific industry focus, the acquisition will help Capgemini strengthen its capabilities to advise banking, wealth management and insurance clients in North America, Europe and South-East Asia, the company said in a statement.
Indian govt extends helping hands to poor people by building houses for them
People who had believed that life would now pass on pavements and huts, the government itself handed over the keys of the houses to these families. These houses consist of all the amenities including toilets, electricity connection under the Saubhagya scheme, LED bulb under the Ujala scheme, gas connection under the Ujjwala scheme, and water connection under Har Ghar Jal Yojana.
Cost push pressure weighs on paint stocks, Nerolac down 30% in 2022
The paint industry uses crude oil derivatives such as monomers as well as titanium dioxide as raw materials, which typically account for more than 50 per cent of a company's total expense. Shares of Berger Paints fell 14 per cent in 2022, Kansai Nerolac Paints was down over 30 per cent during the period, whereas Asian Paints dropped nearly 11 per cent, data showed.
No business entity can escape data tech, AI adoption: Tata Chairman Chandrasekaran
In his address at virtual event "Being Future Ready" organised by industry body Confederation of Indian Industry (CII), he pointed out five mega trends that will give directions to future growth. First in his list was digital adoption -- in work to health to education to shopping. "In the last two years, the internet has penetrated ever further into our daily lives. At the same time, advances in AI, cloud, and data technology have raised forward."
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.
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.