You purchased 100 shares of common stock on margin at 45 per share

- A + A SYDNEY (May 16): Asian share markets were struggling to sustain even a minor rally on Monday, after shockingly weak data from China underlined the deep damage lockdowns were doing to the world's second-largest economy. China's April retail sales plunged 11.1% on the year, almost twice the drop forecast, while industrial output dropped 2.9% when analysts had looked for a slight increase. The risks had been to the downside, given new bank lending in China hit the lowest in nearly four and half years in April. China's central bank also disappointed those hoping for a rate easing, though Beijing on Sunday did allow a further cut in mortgage loan interest rates for some home buyers. News that Shanghai was relaxing some of its lockdown restrictions offered only cold comfort to investors. Chinese blue chips shed 0.4% in reaction while commodity currencies took a knock led by the Australian dollar, which is often used as a liquid proxy for the yuan. MSCI's … [Read more...] about Asia stocks struggle after dire China data

In his book, The Golden Tap, serial entrepreneur Kashyap Deorah had described how Lee Fixel, a former partner with Tiger Global, used to filter potential startups on the basis of the founders' caste and JEE (advanced) ranks. Only candidates with high JEE (joint entrance examination) ranks make it to India’s premier technical institutes -- the central-government owned Indian Institutes of Technology, commonly known as IITs. “Fixel preferred North Indian Marwari banias with single or double-digit JEE ranks who were young and first-time entrepreneurs. An analysis had probably revealed that such entrepreneurs were the best performers in the companies Tiger liked funding,” Deorah had written. Fixel had led negotiations for funding rounds for Tiger Global in unicorns like Flipkart and Ola, which were among the New York-based hedge fund’s largest bets in India. Both the companies best fit Deorah’s description as Sachin and Binny Bansal, founders of Flipkart, come from IIT Delhi, … [Read more...] about 73 of India’s 100 unicorns have at least one founder from IIT

Share to Twitter Share to Linkedin UMC, Taiwan’s No. 2 contract chip maker after TSMC, is pairing up with Toyota-backed car-parts supplier Denso to make semiconductors in Japan and meet growing global demand in the automotive sector. United Semiconductor Japan Co. (USJC), UMC’s Japanese subsidiary, announced late last month that it is building a production plant for power chips that control the flow and direction of electric current with Denso, which is part-owned by the world’s largest car maker by sales. “Semiconductors are becoming increasingly important in the automotive industry as mobility technologies evolve, including automated driving and electrification,” Denso president Koji Arima said in the announcement. “Through this collaboration, we contribute to the stable supply of power semiconductors and electrification of automobiles.” “It should be positive news,” says Brady Wang, Taipei-based associate director with market research firm … [Read more...] about Taiwan’s No. 2 Chip Maker Teams Up With Car Parts Giant To Make Semiconductors In Japan

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Anand Rathi's research report on Suven Pharmaceuticals Suven’s pharma CDMO sales (down 21% q/q to Rs2bn) were less than expected as the contribution from one Covid molecule wasn’t as huge as expected. Specialty CDMO clocked sales of a good Rs1.3bn (up 30% q/q); formulation sales were Rs184m (up 28% q/q). The gross margin was steady at 69-70%. Staff costs and other expenses were higher (more transportation and distribution costs) at respectively 8.6% (avg. 6-6.5%) and 17.4% of sales (vs. avg. 14-15%). This translated to a 43% EBITDA margin. The higher tax rate (43% vs avg. 25-33%) eroded profit, which was Rs917m (42% y/y, adj. for the share of profit from rising pharma). Outlook We slightly trim our earnings estimate, factoring in higher formulations sales (boosted from … [Read more...] about Buy Suven Pharmaceuticals; target of Rs 627: Anand Rathi

The governance scores of family firms in the ESG (Environment, Social and Governance) rating, as per Reuters and Sustainalytics data, were found to be lower than those of other firms. (Photo by Akil Mazumder/Pexels) SOUGATA RAY, NUPUR PAVAN BANG & NAVNEET BHATNAGAR The debate whether companies should be governed with the sole objective of maximising shareholder value (shareholder capitalism as reflected in the shareholder primacy model advocated by Prof. Milton Friedman) or balancing the interests of multiple stakeholders (stakeholder capitalism as reflected in stakeholder primacy model advocated by Prof. R. Edward Freeman), including shareholders, has been raging for several decades. Climate disasters, rapidly rising inequalities and COVID-19 have perhaps put to rest the shareholder vs. stakeholder primacy debate and tilted the balance firmly in favour of the latter. Modern corporations, irrespective of ownership, have an obligation to act in the interests of … [Read more...] about Shareholder capitalism to stakeholder capitalism: Are Indian family firms prepared?

Indian markets remained bearish for the the second consecutive week ended May 13 as the benchmark share indices lost nearly 4 percent. Persistent worries over rising inflation, possibility of further rate hikes by global central bank, China lockdown and weakening rupee kept the investors on the edge. During the last week, BSE Sensex declined 2,041.96 points (3.72 percent) to close at 52,793.62, while the Nifty50 shed 629.05 points (3.83 percent) to end at 15,782.20 levels. However, in the month of May Sensex and Nifty have lost more than 7 percent each. During the week gone by, all the sectoral indices were in the red with BSE Metal and Power indices falling 13 percent each. BSE Telecom index shed 6.7 percent and Realty index declined 5.8 percent. In broader market, the BSE Mid-cap index lost 5.6 percent, Small-cap index shed 6.5 percent and Large-cap Index declined 4.4 percent. In absence of any major event, market participants will be closely eyeing the performance of … [Read more...] about Dalal Street Week Ahead | LIC listing, earnings among 10 key factors that will keep traders busy

A researcher examines solutions being tested for use in drugs to treat thrombosis at a Bayer Pharmaceuticals research centre in Wuppertal, Germany. Photo: Peter Ginter Health crises and emergencies such as Covid-19 have brought into sharp focus the critical need for preparedness. The unprecedented pandemic has led to a dynamically changing environment across the healthcare industry, posing challenges that call for innovative solutions. Prior to the pandemic, major progress was being made in improving the health of millions of people. The world has made remarkable strides in increasing life expectancy and reducing some of the common killers associated with child and maternal deaths, according to the United Nations. At the same time, more efforts were being put into fully eradicating a wide range of diseases while addressing many persistent as well as emerging health issues. Ensuring healthy lives and promoting well-being at all ages is now considered essential to sustainable … [Read more...] about Post-pandemic healthcare

Administrative responsibilities can tax any company, but for smaller businesses in particular managing human resources can be a heavy burden. When you run a small company with limited time and resources, the last thing you want to do is divert your attention from the core business that's your bread and butter. Outsourcing human resources functions can reduce your administrative workload and free up your time so you can focus on your business objectives. If you haven't given serious thought to outsourcing, the range of tasks that can be offloaded might surprise you. An HR outsourcing company can manage a whole range of human resources functions that you might otherwise outsource to multiple providers - these functions include everything from payroll processing and benefit plan management and administration to recruiting, training and more. With one provider to take responsibility for a range of HR functions, you'll not only spend less time on administration, but less time managing … [Read more...] about Best HR Outsourcing for Small Businesses in 2022

Share to Twitter Share to Linkedin Fortunes rise and fall in the volatile world of cryptocurrency, but over the last few weeks, they’ve only moved in one direction—down. The total value of all outstanding cryptocurrency tokens is down over 26%, and Bitcoin is down 25% since March 11, when Forbes counted 19 crypto billionaires . Now, just 16 are billionaires, Forbes estimates. For moguls whose net worths are hitched to token prices and publicly traded stocks of crypto firms, it’s been a difficult few weeks. Eleven of the industry’s wealthiest individuals have collectively lost nearly $60 billion, Forbes calculates, as the plunge in crypto erased nearly $400 billion in market value. One person accounted for the vast majority of that loss. Binance CEO Changpeng Zhao (CZ) was the industry’s wealthiest person in March with an eye-popping $65 billion fortune. (Binance previously announced it plans to invest in Forbes through a special purpose … [Read more...] about Crypto’s Richest Lost Nearly $60 Billion In Recent Weeks In Massive Crypto Collapse

Share to Twitter Share to Linkedin The price of a wine is, to some extent, determined by supply and demand. But supply can be plentiful, and the prices still soar. I don’t have a problem with expensive wines. They are easy to avoid. The challenge for a wine lover lies in finding exceptional wines at a reasonable cost, wines where prestige plays a minor role and it’s all about great flavour and character. There are many of these wines around. But they are harder to find than the super-expensive ones. At the extensive wine fair Wine Paris in February, we met four of our favourites from the Languedoc region in southern France. These four producers are exceptional value for money. Domaine du Nouveau Monde, Languedoc Domaine L’Arbuselle, Faugères Domaine Rouanet Montcelebre, Minervois Domaine des Terres Georges, Minervois (All prices mentioned in the text are for purchases at the estates.) Domaine le Nouveau Monde Domaine le Nouveau … [Read more...] about Languedoc In Southern France: Quality Wines Minus The Prestige Means Great Value