Rate hike announcement time

Sahil Barua, Managing Director & CEO, Delhivery Delhivery, an e-commerce logistics and supply chain startup, floated its maiden public issue on May 11. It will be the first new-age technology company to get listed in 2022. The IPO marks a lucrative exit for many of its investors, makes some employees rich and serves as a barometer to measure India's startup and tech sector's success. The company’s initial public offering (IPO) is significant as it comes at a time when global financial markets have turned volatile due to high inflation, rising interest rates, and geo-political tensions. It also comes on the back of the hammering that new-age technology companies have received after getting listed last year. Delhivery’s IPO response could potentially determine the outcome for startups such as Oyo, Snapdeal and Pharmeasy, who have filed draft papers with Sebi but have delayed their listing plans due to uncertainty in the market. Delhivery, too, had delayed its listing plans … [Read more...] about MC Interview | Good companies find a way to go public at any time, whatever market says: Delhivery’s Sahil Barua

Share to Twitter Share to Linkedin Telluride ( elevation: 8,750' ) is a town like no other. Seated at the edge of a box canyon, with the soaring crags of Colorado's San Juan range soaring overhead, it is quite certainly the stuff of postcards. There are few other places, even in this rugged part of the Rockies, with views quite like this. But no destination matches this level of scenery with a commensurate degree of hustle and bustle. In winter, there's world-class skiing at its namesake resort . Throughout the summer, there's climbing, biking, food festivals and top acts headlining an endless parade of outdoor concerts. When it comes to wintersport the secret is out: the mountain consistently tops lists of the country's best. The gondola linking main street to the mid-mountain village shuttles more than 2.5 million passengers, annually. In exceeding number, visitors have even stumbled upon the fact that summer may be even more sensational here. They … [Read more...] about Savor The Flavors Of Telluride, Colorado In Autumn

Share to Twitter Share to Linkedin Topline Former New York City mayor Rudy Giuliani posted an advertisement for MyPillow sandals on Twitter late Thursday, sparking ridicule and marking merely the latest bizarre move for Giuliani. Key Facts Giuliani tweeted an image of the MyPillow sandals, offering a $30 discount on the shoes using promo code “RUDY.” The 78-year-old Giuliani’s personal discount code brings down the price for the sandals down from $79.98 to $49.98, still a hike from the $29.95 price tag the viral Pillow Slides they appear to be a riff on. Giuliani, who served as former President Donald Trump’s personal attorney, is closely allied with MyPillow founder and CEO Mike Lindell, who supported Giuliani and Trump’s false claims of fraud in the 2020 election. Giuliani has a history of hatching odd schemes, including selling an autographed T-shirt commemorating the September 11 terrorist attacks for $911 last year … [Read more...] about Rudy Giuliani Lands New Gig: MyPillow Influencer

A company tasked with caring for some of Colorado’s sickest people failed to consistently provide basic services like insulin injections for more than a year before state and federal authorities intervened, as its profit-driven leaders recruited more clients than they could handle, former employees allege. The Denver Post spoke to seven former employees and board members of InnovAge, a Denver-based elder care provider, and reviewed hundreds of pages of lawsuits, federal inspection reports and whistleblower complaints. All painted a picture of an organization so focused on growth that it continued signing up new people — including some homeless Denver residents who didn’t qualify — while struggling to serve clients it already had. The Colorado Department of Health Care Policy and Financing announced in December that it would no longer pay for InnovAge to care for new clients covered by Medicaid in the Program of All-Inclusive Care for the Elderly, or PACE, which offers services … [Read more...] about Denver’s InnovAge was struggling long before Medicare stopped paying

Share to Twitter Share to Linkedin Topline The busy July 4 holiday travel weekend started with thousands of flight delays on Friday as U.S. airlines continue to reel from staffing shortages, with several carriers and airports seeing more than a third of all flights pushed back amid a surge in travelers, and thunderstorms threatened more disruption Saturday on the East Coast. Key Facts There were 7,831 flights delayed Friday within the U.S. or originating or landing here, with crowded New York City airports the worst hit out of all major U.S. airports: 45% of flights were delayed at LaGuardia Airport, while at John F. Kennedy and Newark International, 44% of flights were delayed, according to data from FlightAware . Other busy Northeast airports also ranked high for delays, with almost a quarter of flights delayed at Boston Logan and Philadelphia International. JetBlue Airways and Allegiant Air were the hardest-hit U.S. carriers, delaying … [Read more...] about July 4 Weekend Begins With Heavy Flight Delays

Share to Twitter Share to Linkedin Topline A highly watched economic indicator with a good track record in predicting recessions cut its forecast for second-quarter gross domestic product growth this week, implying the nation has fallen into a technical recession despite economists widely calling for a return to growth in the second quarter. Key Facts The Federal Reserve Bank of Atlanta’s GDPNow model on Thursday projected the U.S. economy shrank 1% in the second quarter, slipping into negative territory after economic data showed consumer spending dropped in May, while domestic investments, another component of GDP growth, also fell. The model, which estimates GDP growth using a methodology similar to the one used for the Bureau of Economic Analysis’ official estimates, has been steadily trimming its second-quarter GDP forecast based on updated economic data that’s fueled concerns of a prolonged economic downturn in recent weeks. The … [Read more...] about Are We Already In A Recession? Yes, According To Fed Indicator With ‘Excellent’ Track Record

One morning in June, Brenda Rivas’ two children scampered through the towering playground at Paco Sanchez Park in northwest Denver. It was only the second time the mother and her boys had visited the sprawling structure of slides, swings, and things to climb, and which looks like it was crafted for The Jetsons cartoon with its odd mix of retro and out-of-this-world design. But Rivas, 31, could see them coming more often, especially as she wants her children to experience the Denver she grew up in. That’s why she also takes the kids to Sloan’s Lake, which Rivas used to bike to with her father when she was growing up even though there’s another park closer to their home. It’s why she drives at least 30 minutes, sometimes 45 minutes, to take them to Colfax Elementary School. “I want them to have the same experience of coming to the neighborhood school,” Rivas said. The playground wasn’t there when she was younger. It didn’t open until 2020, years after soaring rent prices … [Read more...] about “Gentrification on steroids” squeezes out Latino students, raising fears of Denver school closures

Work from home opportunities provide flexible ways to maintain a connection with staff members. However, the challenge becomes easier with proven methods to stay in touch. Frequent communication with remote employees is achievable with some basic planning. During the pandemic, companies changed the methods they traditionally used to complete routine office tasks and high-priority assignments. Their resilience allowed them to move forward when lives were threatened by a deadly virus, so they could still supply products and services. However, getting to a point where a work from home model resembled a business-as-usual environment took several adjustments. Many of the tools that companies are using to communicate with remote employees have been around for years. The preferred method for communication varies among companies depending on an organization's size, location, service offerings and number of employees. Following are some best practices when it comes to communicating … [Read more...] about Communicating With Remote Employees

Share to Twitter Share to Linkedin Topline Soccer superstar Cristiano Ronaldo will transfer to the English club where he spent much of his early professional career, Manchester United announced Friday. Key Facts The Portuguese forward is slated to leave Italian club Juventus F.C. and return to Manchester United, subject to agreements on visa, medical and personal terms, the English Premier League club said . The Guardian reported the four-time Ballon d'Or winner will likely sign on to a two-year deal, and that Manchester United has agreed to pay Juventus roughly $27 million to start. Tangent Ronaldo’s four-year contract with Juventus, worth $64 million a year, was set to expire next year. Ronaldo’s manager, Massimiliano Allegri, confirmed Ronaldo planned to leave the Turin club this season earlier Friday. "Cristiano gave his contribution, he made himself available, now he leaves and life goes on,” Allegri said. Big … [Read more...] about Cristiano Ronaldo Going Back To Manchester United

Share to Twitter Share to Linkedin Time has run out on the clock for Three Arrows Capital (3AC)’s loan from Toronto-based digital asset brokerage Voyager Digital. The firm issued a notice of default this morning to 3AC after the ailing hedge fund failed to meet its loan deadline this morning. The brokerage’s exposure to 3AC consists of $350 million and 15,250 BTC, now totaling $675 million due to Bitcoin BTC reaching $21,215. It loaned the funds, largely made of customer deposits, to 3AC to generate income and pay the up to 12% interest fees it offers to customers. The company initially requested a repayment of $25 million USDC USDC from 3AC by June 24 before subsequently requesting the entire USDC and BTC balance by today, June 27, last week. As of this morning, Voyager still holds $137 million in cash and assets, according to a company statement. They also have access to $200 million in cash and USDC and 15,000 bitcoin credit line from … [Read more...] about Ailing Crypto Trading Firm Three Arrows Capital Defaults On $675 Million Loan To Voyager Digital