New Delhi: Among the key bulk deals on Friday, investment management company BlackRock Advisors LLC sold over 16 lakh shares of Karnataka Bank. On the other hand, Wishbone Fund bought more than 80 lakh shares in Mahindra & Mahindra Financial Services from the open market. Here’s who bought and sold what in some of the key bulk deals of the day: >> Non-banking finance company Mahindra & Mahindra witnessed a couple of bulk deals during the day. Wishbone Fund, State Street Institutional International, Integrated Core Strategies Asia PTE and BlackRock Advisors LLC bought 82.50 lakh, 8.39 lakh, 41.44 lakh and 34.06 lakh shares at Rs 139.62, Rs 139.72, Rs 139.73 and Rs 139.80, respectively, from the open market. However, BlackRock Advisors LLC also sold 1.07 crore shares of the company at Rs 139.74. State Street Institutional International Equity Fund also sold 33.90 shares at Rs 139.68 per share. >> Golden Goenka Commerce bought 1.52 lakh shares of Lokesh … [Read more...] about Bulk deals: BlackRock Advisors sells Karnataka Bank shares
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The Coronavirus or Covid-19 pandemic has brought the world to a standstill, at least a major part of it, if not all. With countries religiously following lockdown for months, this stagnant period has shut down many small businesses and caused almost irreparable financial damage from which the citizens and economies are trying to limp back to normalcy. As workplace and businesses, both online and offline, start to open slowly, and in a staggered manner, many are worried about their safety at the workplace. Also, the question about how this would help the economy return to a strong position looms large. Work from home: Good or bad? It is heartwarming to see how organisations across the world are trying to find their own solutions to this never-before-encountered situation. Some organisations, like the micro-blogging site Twitter, were in favour of work from home and Twitter recently announced that its employees can work from home even after social-distancing norms are eased-up. However, … [Read more...] about Can a 4-day working week be the answer to revive the failing economy and strike work-life balance?
Singh had been investing in equities on his own for eight years, earning about 1-1.5 per cent return per month (12-18 per cent annually). His broker promised to generate a return of 3 to 4 per cent per month (36-48 per cent annually) by trading in derivatives, using his equity portfolio as margin. … [Read more...] about Investors beware: Watch out for what your broker is up to
NEW DELHI: Consumer loan finance firm Home Credit India on Thursday said it has reduced its headcount by 1,800 employees due to slowdown caused by COVID-19 crisis. "The unprecedented coronavirus pandemic has affected every aspect of our life. It has impacted each one of us, our families, our customers, partners and businesses. These trying circumstances have compelled us to revisit and re calibrate our business strategy keeping sustainability and business continuity in mind," the company said in a statement. "Unfortunately, this includes reducing the size of our team to meet the demands of these exceptionally challenging times. After careful deliberations, we have taken the difficult decision to reduce our headcount by 1,800 employees in India," it said. It is a tough decision and as an organization and the company will try to help the impacted people in getting new opportunities, it said. For the next 12 months, it said, Home Credit India's talent acquisition team will actively … [Read more...] about Home Credit India lays off 1800 employees
Manish Mimani, CIO of Aviva Life Insurance has quit the company to start his own cybersecurity venture. Gurgaon-based Mimani’s new firm is called Protectt.ai Labs, at which he’ll be the founder and CEO. Protectt.ai Labs will focus on creating solutions in the enterprise security suite. The startup also aims to address challenges such as financial fraud, advanced malware attacks and more.“Our goal is to leverage AI & ML to build next generation mobile security and real time fraud management products. Protectt.ai has recently launched its B2B cyber offerings and B2C offerings will hit the market by mid of August. Our team size will expand to 120 in the next 6 months, and we are building a team of young technology enthusiasts. Our campus recruitment program has been announced. While we have launched our operations in India, we will soon be setting up centres in USA & Singapore,” Mimani reveals.On the transition from a CIO to CEO of a company, Mimani … [Read more...] about Manish Mimani CIO of Aviva LI quits to start a cybersecurity startup