Possessing passion assets can help generate both income returns, capital appreciation There is something about real assets that makes them interesting. We are not referring to only real estate and gold. Consider art, paintings and antiques, collectively referred to as passion assets. In the last 10 years, mass-affluent investors (middle class if you are an […]
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‘Metro orders took a bad hit’
Infra projects kept Johnson Lifts on the move, says ED Major disruption in construction activity during the lockdown severely impacted the lifts and elevators business, as most migrant labourers were forced to return home. However, with the realty sector picking up, sales began returning to normal in December. Johnson Lifts hopes to reach pre-Covid sales […]
Narendra Modi announces ₹1,000-crore 'Startup India Seed Fund'
Addressing the ‘Prarambh: Startup India International Summit’, Mr. Modi exuded confidence that the growth of startups will help in generating jobs and improving lives of people in the region. Prime Minister Narendra Modi on Saturday announced the launch of ₹1,000-crore ‘Startup India Seed Fund’ to support startups and help budding entrepreneurs pursue innovative ideas. Addressing […]
Steep steel prices hurt several sectors as China gorges on ore
Automakers to construction industry face rising input costs With several automakers recently announcing price increases to offset input costs, steel prices have come under the spotlight. Steelmakers in turn have been impacted by surging global prices of iron ore, the main raw material, as demand from China has soared. And with Indian iron ore production […]
Ask us: On investments
Avoid small payment banks or co-operative banks with high interest given their risks in recent times. Q. My daughter (40) is working. Neither she nor her husband has pension benefits. I want to ensure a decent pension at the end of her service 20 years hence. I want to invest a maximum of ₹10 lakh […]
Nine in 10 employees in India ready for long-term ‘work from remote’: Dell study
‘Blurring of boundaries between personal, work lives is a concern’ A majority of employees in India is ready to work outside of the traditional office space, over the long term, according to a Dell Technologies study. The study also found that these employees, however, said the new normal had blurred work-life boundaries. The study found […]
Owl Rock, Dyal Capital To Combine To Form Blue Owl; To List On NYSE
New York-based direct lending platform Owl Rock Capital Group and Dyal Capital Partners division of Neuberger Berman Group LLC announced their definitive business combination agreement to form Blue Owl Capital Inc., an alternative asset management firm with over $45.0 billion in assets under management. Blue Owl will enter the public market through a business combination […]
United Internet Announces Takeover Offer For Tele Columbus From Morgan Stanley Infrastructure
United Internet AG (UDIRF.PK) announced Monday a voluntary public takeover offer for Tele Columbus AG by Equity Management GmbH, a bidding company of Morgan Stanley Infrastructure Partners, of 3.25 euros per Tele Columbus share. If the takeover offer is successful, United Internet will contribute its stake in Tele Columbus of around 29.9 percent to the […]
‘Auto parts revenue to see double-digit contraction’
Sector set back by 3-4 years, says Jain Auto components industry association ACMA said the sector would see a double-digit decline in growth this fiscal, after witnessing a 34% fall in the first half due to COVID-19-induced disruptions. Automotive Component Manufacturers Association of India (ACMA) said it can take anywhere ‘between two to three years, […]
Lakshmi Vilas Bank becomes DBS India; 94-year old bank part of history now
All the branches of LVB will function as branches of DBIL with effect from November 27, the RBI had said in a statement Tamil Nadu-based Lakshmi Vilas Bank (LVB) with pre-independence lineage on Friday lost its identity after its merger with the Indian subsidiary of Singapore’s DBS Bank. The debt-ridden 94-year old old bank’s fate […]