Juul announced Thursday that it would stop selling flavors such as creme, fruit, and mango until further notice. The move comes amid intense pressure from the White House and state legislators to curb what is being deemed a crisis of vaping among teens. advertisement As of 1 p.m. yesterday, Juul is selling only four flavors: Virginia Tobacco, tobacco, menthol, and mint. A poll from vaping site Vaping360 shows that consumers love mango far above the other flavors, though mint is second. Last year, the company stopped selling its fruit flavors in brick-and-mortar stores. This new hiatus will remove flavors from age-restricted online vendor shops as well. The decision came the day after the House Appropriations Committee called a hearing on e-cigarettes and Energy and Commerce held a hearing on the “Youth Tobacco Epidemic.” The Centers for Disease Control and Prevention estimates one in five high school students has used an electronic cigarette. In general, vaping … [Read more...] about Juul stopped selling its cucumber, mango, and creme flavor pods
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Foreign portfolio investors (FPIs) sold equities worth Rs 22,500 crore in the Indian market in the September quarter, as concerns over weak macroeconomic environment and uncertainty around the US-China trade talks and Brexit kept the risk appetite low.There was a shift in the preferences of stocks and sectors as well.According to a Kotak Institutional Equities report, Lemon Tree Hotels, Varun Beverages and Shriram Transport saw the highest increase in the stake by FPIs, while Mindtree, Yes Bank and LIC Housing Finance saw the biggest drop in stake.Close Diversified financials, IT services and oil, gas and consumable fuels sectors witnessed FPI selling. FPI ownership in the BSE-200 Index declined to 23.8 percent in the September quarter from 24.1 percent in the previous quarter. related news These 26 stocks saw EPS downgrades in 4 quarters: time to book out? CSB Bank IPO opens today; should you subscribe? Market Headstart | Nifty … [Read more...] about These stocks were FPI favourites in Q2; do you have any?
The initial public offering (IPO) of Indian Railway Catering and Tourism Corporation (IRCTC), the tourism and catering arm of the Indian Railways, opened for subscription on September 30 and will close on October 3.The price band is fixed at Rs 315 to Rs 320 per share. The government hopes to raise up to Rs 645 crore through the offering.IRCTC is a central public sector enterprise owned by the government under the administrative control of the Ministry of Railways. After RITES, Rail Vikas Nigam and IRCON International, IRCTC is the fourth entity of the Indian Railways to be listed since 2018.Close Here is all you need to know related news These 26 stocks saw EPS downgrades in 4 quarters: time to book out? Market Headstart | Nifty may open flat over fears of delay in 'Phase one' US-China trade deal Trade Setup for Friday: Top 13 things to know before Opening Bell The IPO comprises of an offer for sale of two crore shares (representing 12.50 percent of total paid-up … [Read more...] about IRCTC IPO: Brokerages say buy, but risk remains part of equation
The Rs 410-crore public offer of CSB Bank, formerly Catholic Syrian Bank, was subscribed 35 percent by noon on November 22, the opening day.The public issue received bids for 39.83 lakh equity shares against the IPO size of 1.15 crore shares (excluding anchor book), as per data available on exchanges.The reserved category for retail investors was fully subscribed (1.84 times), while the portion set aside for non-institutional investors received subscription of 5 percent. Qualified institutional buyers are yet to get subscription.Close The Kerala-based lender has already raised Rs 184 crore from anchor investors on November 21, at higher end of price band of Rs 193-195 per share. related news Subscribe to CSB Bank: Arihant Capital CSB Bank IPO: Should investors subscribe? CSB Bank mops up Rs 184 cr from anchor investors According to a regulatory filing, the bank finalised the allocation of 94,54,080 shares to 24 anchor investors, including Omers Administration … [Read more...] about CSB Bank IPO sees 35% subscription so far; retail quota full subscribed
BOI-Axa’s Credit Risk Fund was in the focus for all the wrong reasons. The recent fall in its net asset value after a credit event resulted in a 29 per cent loss on a one-year basis, placing the scheme at the bottom of the category. Many issuers are fighting the tight liquidity in the system. Despite the cuts in policy rates by the Reserve Bank of India and fall in benchmark bond yield, there is not much respite for debt investors. In this backdrop, Alok Singh, chief investment officer of BOI-Axa Asset Management Company shares his views on some of these issues.BOI Axa Credit Risk Fund’s NAV has declined 29 per cent over past one year and is at the bottom of the returns table. What went wrong and how do you plan to tide over the situation?Since its inception in February 2015, BOI Axa Credit Risk Fund has been managed like a focussed fund. Though the concentration of issuers meant high risk, it also allowed effective monitoring. The fund did well till August 2018. In … [Read more...] about ‘Taking credit risks in liquid funds not the right thing to do’: BoI AXA