GoTo shares are down 55% from its IPO
The Indian rupee rose in November, marking its first monthly gain this year and ending its longest losing streak in nearly four decades as the dollar index came off its historic peak and oil prices tumbled. The rupee strengthened 1.6% to 81.4225 per dollar this month, while the greenback is down about 4.50% after softer-than-expected U.S. inflation data earlier in November fuelled bets of less aggressive Federal Reserve hikes. However, the local unit underperformed its Asian peers.
MUMBAI (Reuters) -India's biggest companies should be investing much more than they are currently, Uday Kotak, chief executive of Kotak Mahindra Bank said in an interview at the Reuters NEXT conference on Wednesday. He said that while interest rates were going up and there were many uncertainties for the global economy, India had benefited from supportive government policies and businesses needed to show more "animal spirit". "Taking those investment calls and being bold at this point of time is the right thing for Indian businesses to do," said Kotak, who is Asia's richest banker according to Forbes.
JAKARTA, INDONESIA - Media OutReach - 30 November 2022 - In celebration of its 10th anniversary, leading multi-category platform for secondhand in Greater Southeast Asia Carousell Group released the Carousell Recommerce Index (10th Anniversary Edition) revealing the sustainability impact its collective community has made by buying and selling secondhand items. Over the past decade, the Group's users have extended the life cycle of millions of items, including: 76.8 million fashion items; 33.9 mi
We continue with questions to ask of management relating to the day-to-day running of the business. The post 47 Things to Check Before You Buy a Stock: Part 10 appeared first on The Smart Investor.
A two-day innovative event generating over 200 ideas for tackling real estate & retail sustainability challenges, held one month after the signature of the pioneering sustainability partnershipHONG KONG, SHANGHAI AND PARIS - Media OutReach - 1 December 2022 - Hang Lung Properties (SEHK stock code: 00101) ("Hang Lung") and Moët Hennessy Louis Vuitton ("LVMH") completed an innovative and ambitious Real Estate and Climate Forum ("The Forum") on November 24 and 25, including about 200 participants f
Carousell Group reveals impact on secondhand selling and buying over the past decade in 10th anniversary reportMANILA, PHILIPPINES - Media OutReach - 30 November 2022 - In celebration of its 10th anniversary, leading multi-category platform for secondhand in Greater Southeast Asia Carousell Group released the Carousell Recommerce Index (10th Anniversary Edition) revealing the sustainability impact its collective community has made by buying and selling secondhand items. Over the past decade, Car
SINGAPORE - Media OutReach - 1 December 2022 - Pearson, the world's leading learning company, has revealed results from recent research showing that the top five most in-demand skills today are human skills despite new technologies transforming the world of work which is set to continue through at least 2026. Southeast Asian countries like Singapore, Thailand, Indonesia, the Philippines, and Malaysia are likely to be affected by the threat of recession in countries like the United States and Aus
The Reserve Bank of India will raise interest rates by a smaller 35 basis points to 6.25% in December, according to economists polled by Reuters who expect another modest move up early next year to curb lingering inflation pressures. A strong two-thirds majority said it was still too soon for the central bank to take its eye off inflation, which slowed to 6.77% in October having stayed above the upper end of the RBI's 2-6% tolerance band all year. The expectations for a more modest rate rise follow a series of 50 basis point hikes by the RBI, and coincides with expectations that the U.S. Federal Reserve will shift to smaller rate rises at its policy meeting this month.
The flagship store is located in Suntec City West Wing (#02-403/404), Tower 5, and operates from Monday to Sunday, 11am to 9pm. (Pictures: Livspace)SINGAPORE (EDGEPROP) - Livspace, a interior and renovation platform, has opened its flagship store in Suntec City. The firm has also launched two other experience centres in Balestier and East Coast. Livspace has an existing experience centre in Oxley Bizhub, and the IKEAxLivspace Planning and Renovation Studio at Jurong Point.Read also: Livspace off
Surbana Jurong, Mitsubishi Corp and SInar Mas Land joint venture for one of the largest developments in Jakarta
Tourism Bureau spokescouple Kim Jae-woo and his wife make a surprise appearance to promote tourism in Taiwan with Oh!BearTAIPEI, TAIWAN - Media OutReach - 1 December 2022 - To publicize the opening of Taiwan's borders on October 13, the Tourism Bureau organized the itinerant Taiwanese gourmet food truck activity in Korea featuring a surprise appearance by the Tourism Bureau spokescouple Kim Jae-woo and his wife! They joined forces with Oh!Bear, the Tourism Bureau's mascot, to support the Tourism
More than 500,000 Tesla Model Y electric cars were snapped up in the first nine months, but depending on which country you live in, you may be forking out vastly different sums.
“Life, Your Way” is part of Traveloka’s commitment to delivering customer-centric end-to-end solutions across Southeast Asia.SINGAPORE - Media OutReach - 1 December 2022 - Traveloka, Southeast Asia's leading travel platform, today launched a new tagline, "Life, Your Way", reiterating its commitment to delivering tech-driven customer experiences through its comprehensive range of services. The new tagline reflects Traveloka's mission to enable consumers to discover travel experiences that cater t
A finance hub rises in Gujarat.
Open team approach to develop new pathways for the pharmaceutical service provider Collaborative format generates space for creative thinking and development Employees work in an interdisciplinary approach to find solutions Six innovative ideas are currently being pursued RAVENSBURG, GERMANY - Media OutReach - 30 November 2022 - At Vetter, a globally leading contract development and manufacturing organization (CDMO), numerous ideas for improving processes and further development of the overall c
NetApp’s 22-year legacy in ANZ is boosted with a new leadership team to drive hybrid multicloud transformation SINGAPORE - Media OutReach - 1 December 2022 - NetApp® (NASDAQ: NTAP) a global, cloud-led, data-centric software company today announced the appointment of its new Area Vice President and Managing Director for the business in Australia and New Zealand (ANZ), Matthew Hurford, the former Vice President of Solutions Engineering and CTO of Asia Pacific at NetApp. Matthew Hurford, Area Vice
NEW DELHI (Reuters) -India plans to use government capital spending to sustain strong economic growth, finance minister Nirmala Sitharaman told the Reuters NEXT conference on Wednesday, forecasting a "very good" economy ahead of 2024 national elections. The government will also place a priority on health and education, said Sitharaman, who is preparing the national budget due on Feb. 1, the last full budget before the elections. "We would continue to push capital expenditure, and that I’m saying even as I’m preparing for the next budget," Sitharaman told the conference.
The upcoming HDB BTO launch in February 2023 features about 4,410 units in Jurong West, Kallang/Whampoa, Queenstown, and Tengah. BTO flats are released quarterly.
MUMBAI (Reuters) -India's HDFC Bank on Thursday completed the largest-ever bond issuance by any bank amid strong demand from long-term investors, but the large fundraise is unlikely to impact yields for upcoming issues from banks as there is enough demand, said analysts. The private lender raised 150 billion rupees ($1.85 billion) through 10-year Tier-II bonds at an annual coupon of 7.86%, for which it had received bids worth 240.80 billion rupees, according to merchant bankers. "The issue saw very strong bids from large investors and, in fact, the bond has been trading at a premium in the secondary market as traders did not get much stock from the primary (issue)," said Ajay Manglunia, managing director and head of investment grade group at JM Financial.