The tech company Basecamp has a mostly remote staff of less than 60 people. But even its headquarters aren’t in Silicon Valley; Basecamp is in Chicago. Which is why it was a bold move earlier this month when cofounder and CTO David Heinemeier Hansson announced in a blog post that the company is paying its workers according to San Francisco’s labor market. advertisement advertisement Since their employees are scattered all over the globe, it wasn’t clear what the cost of living benchmark should be. According to Heinemeier Hansson, “It started to increasingly seem like an arbitrary choice, and if we were going to make one such, why not go for the best and the top?” So as of January 1, Basecamp employees will receive a salary reflective of the top 10% of what software companies are paying in San Francisco (compared to base pay plus bonus, but not options). They also offer some amazing benefits. ( Put your resumes away, … [Read more...] about Could Paying Top Dollar For Staff Be Worse For The Labor Market?
London commercial real estate market
Godrej Properties share price rallied 3.55 percent intraday on December 12 after the Mumbai-based real estate company added four projects to its portfolio.The stock has rallied 47 percent in last one year. It was quoting at Rs 925.40, up Rs 24.15, or 2.68 percent, on the BSE at 1426 hours."We added three new projects in MMR in the micro markets of Navi Mumbai, Ambernath, and Thane, and one new project in North Bangalore," the company said in its BSE filing.Close These new projects will add approximately 1.18 million square metres (12.70 million square feet) to its development portfolio, it added. related news Sterling & Wilson Solar share price gains 3% after Australian arm executes order Hikal share price jumps 12% as Panoli plant receives EIR from USFDA HDFC becomes the 5th firm to cross Rs 4 lakh crore in market cap The company has entered into a joint venture to develop a township project of over 100 acres in Navi Mumbai.The second project is a joint venture … [Read more...] about Godrej Properties takes up 4 projects, share price gains 4%
Tracking positive global cues, the bulls remained in control of D-Street on December 12 pushing the Sensex higher by more than 150 points while the Nifty flirted with 12,000.Let’s look at the final tally on D-Street: the Sensex rose 169 points to 40,581, while the Nifty closed 61 points higher at 11,971 after touching an intraday high of 12,005.Close Sectorally, the action was seen in metals, public sector, auto, banks, and capital goods space, while profit taking was visible in IT and telecom stocks. related news Hot stocks: One sell, two buy ideas for 7-9% returns Closing Bell: Nifty ends above 11,950, Sensex gains 169 pts; metal, bank shine IT remained under pressure largely on account of the Indian rupee touching one-month high against the US dollar.The BSE Midcap index was up 0.69 percent and the BSE Smallcap index rose 0.59 percent.Investors waited for infrastructure output and inflation data that was to be released after the market hours.“US FED’s … [Read more...] about Taking Stock: Bulls charge D-St! Ujjivan Small Finance up 50% on listing day
The auto sector has been passing through one of its worst phases brought on by a sustained decline in sales, shift in technology and regulatory norms and prolonged weakness in India's financial space.Investors have been offloading their bets in auto stocks, causing most of them to suffer deep losses.In November, the domestic passenger vehicle (PV) sales shrunk by about 9 percent YoY. Domestic commercial vehicle sales were down nearly 18 percent while those of two-wheelers (2Ws) declined by about 14 percent YoY.Close However, overall three-wheeler (3W) segment sales grew by nearly 7 percent YoY, primarily led by improvement in export markets. related news Morgan Stanley bullish on NTPC, Adani Ports and L&T Infotech Ujjivan Small Finance Bank: Should investors buy, sell or hold after the bumper listing? Though the sales numbers are still subdued, brokerages and industry experts are of the view that the auto sector is gearing up for an upward journey."Ongoing marriage … [Read more...] about Demand looking up for autos; these stocks likely to gain the most
Investors are always on a hunt to find stocks that could give inflation-beating returns.Experts feel that maintaining a small portfolio of quality stocks is always an ideal choice, and dips, if any, due to either global or local factors could be used as buying opportunity in select stocks.“We believe the ongoing correction in the market is to be used as an opportunity to take fresh positions in quality stocks with strong earnings potential, and are available at discounted multiple,” Rajeev Srivastava, Head Retail Broking, Reliance Securities told Moneycontrol.Close “Going forward, we believe that with the recent stimulus measures starting to aid growth, corporate earnings will certainly start picking-up and discounted multiple of various quality mid-cap stocks will start getting re-rated,” he said. related news Smart money is moving into market ahead of Budget 2020: Atul Suri Equity inflows drop but SIP figures at all-time high; what should you … [Read more...] about Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020