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Walmart joins trend of major companies rolling back diversity initiatives

Walmart, the largest retailer globally, is rolling back its diversity, equity, and inclusion (DEI) policies, following a trend among major corporations facing pressure from conservative activists. The changes include not renewing a commitment to an equity racial center and withdrawing from a gay rights index, reflecting the impact of the U.S. Supreme Court's ruling against affirmative action. This shift has been echoed by other companies like Ford and Harley-Davidson, which have also scaled back their DEI initiatives.
Moneycontrol
Lowe's Companies, Inc. Tractor Supply Company Harley-Davidson, Inc. Walmart Inc. Ford USA Robby Starbuck Show more
Regulatory & Legal, News Article
07:24 26.11.2024

ebi mandates independent audit for c2c advanced systems ipo amid investor concerns

C2C Advanced Systems' IPO, set to raise Rs 99.07 crore and list on the NSE's Emerge platform, faces potential delays after SEBI mandated the appointment of independent auditors due to an investor complaint. Investors can withdraw their applications by 3 pm on November 28, ahead of the IPO closure on November 26. Concerns have been raised on social media regarding the situation.
Moneycontrol
Indian Rupee C2C Advanced Systems Ltd. IND
Regulatory & Legal, Press Release
07:23 26.11.2024

UBS Anfos fund reports strong performance with significant rental income growth

The UBS "Anfos" fund reported a 5.3% increase in rental income, reaching CHF 137.9 million for the 2023/2024 financial year, driven by rent hikes and new construction completions. The property portfolio value rose to CHF 3.3 billion, with a return on investment of 5.7% and a performance of 20.3%, surpassing the benchmark of 15.3%.
IMMOBILIEN Business
Swiss Franc UBS CHE
TradFi, Market Report
07:22 26.11.2024

Karnataka minister predicts 80 percent success for upcoming investment agreements

Karnataka's Minister for Large and Medium Industries, MB Patil, announced that the upcoming Global Investors Meet in February aims for 80% of signed agreements to materialize, a significant increase from past events. He emphasized a new approach to investment, ensuring commitments are realistic and achievable, following previous challenges where major announcements failed to come to fruition. The event, branded 'Invest Karnataka 2025', seeks to elevate the investment summit format beyond routine gatherings.
Moneycontrol
CNBC IND M. B. Patil
Finance & Economy, News Article
07:21 26.11.2024

HUL to demerge ice cream business in shareholder-friendly move

Hindustan Unilever (HUL) is set to demerge its ice creams business, a move that aligns with Unilever's global strategy to separate this segment. Shareholders will receive shares in the new ice creams company, marking a favorable decision for minority investors. Further details are anticipated that may refine this outlook.
Moneycontrol
Unilever PLC Hindustan Unilever Limited IND
Finance & Economy, Market Report
07:19 26.11.2024

leadership change at banque bonhôte as kim-andrée potvin becomes new ceo

Yves de Montmollin is stepping down as CEO of Banque Bonhôte, with Kim-Andrée Potvin set to succeed him in early 2025. Potvin, who has extensive experience in banking and a strong focus on innovation and ESG initiatives, aims to drive the bank's growth while maintaining its commitment to high client service standards. De Montmollin will transition to the board of directors as Vice Chairman in April 2025.
finews.com
United States Dollar BNP PARIBAS, Paris Banque Bonhôte CHE Yves De Montmollin
Finance & Economy, Press Release
07:19 26.11.2024

maharashtra faces fiscal challenges from increased poll promise expenditures

Maharashtra is set to experience fiscal challenges in FY 2025 due to commitments made by the BJP-led Mahayuti alliance following their recent electoral victory. The alliance plans to increase monthly financial assistance to women from Rs 1,500 to Rs 2,100, which could add an estimated Rs 5,600 crore to state expenses by March 2025, potentially pushing the fiscal deficit beyond the 2.6% GSDP target.
Moneycontrol
Indian Rupee IDFC First Bank Limited IND
Finance & Economy, News Article
07:14 26.11.2024

ubs maintains buy recommendation for mtu aero engines ag

MTU Aero Engines AG is a leading manufacturer of modules and components for civil and military aircraft engines, with a strong focus on maintenance, repair, and overhaul services, which account for 77.2% of its sales. The company generates 67.1% of its revenue from North America, with additional sales from Germany (12.5%), Europe (7.5%), Asia (7%), and other regions (5.9%).
Zonebourse
United States Dollar MTU Aero Engines AG DEU
TradFi, Market Report
07:14 26.11.2024

tartup aims to improve maternal care with innovative pregnancy monitoring device

Biorithm, a Singapore-based startup, is developing Femom, a home-use device that allows women to monitor their pregnancy by tracking maternal and fetal heart rates. This innovation aims to empower women with accessible care, addressing the high rates of maternal and infant mortality, particularly in lower-income countries. With recent funding of $3.5 million, Biorithm plans to expand its technology in the U.S. and Southeast Asia, highlighting a shift in the funding landscape for women's health initiatives.
CNBC
United States Dollar Biorithm SGP Amrish Nair Sihem Tedjar Thiam-chye Tan Show more
Healthcare, News Article
07:14 26.11.2024

Marina Bay Sands seeks record 12 billion dollar loan for expansion

Marina Bay Sands Pte is seeking to secure a loan of up to S$12 billion ($8.9 billion) to fund its casino resort expansion in Singapore, which would mark the largest financing deal in the city-state's history. DBS Group Holdings Ltd., Malayan Banking Bhd., Oversea-Chinese Banking Corp., and United Overseas Bank Ltd. are coordinating the loan arrangements.
bloomberg.com
Singapore Dollar DBS Group Holdings Ltd Oversea-Chinese Banking Corporation Limited United Overseas Bank Limited Malayan Banking Bhd. SGP Show more
Finance & Economy, Market Report
07:08 26.11.2024
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