MANAGEMENT
WeWork India appoints Janak Malkani to drive expansion in managed office business
WeWork India has appointed Janak Malkani as the head of managed office and sales for the West region. Malkani's extensive real estate experience will enhance WeWork India's managed office offerings, with a focus on innovative and efficient workspace solutions. WeWork India's flexible workspace market has seen significant growth, with a third of its business driven by the Managed Office portfolio, serving notable enterprise members.
Financial industry grappling with AI's gifts and perils, executives say
Zack Kass, a former head of business partnerships at OpenAI said AI systems could be better than humans at explaining to clients why they arrived at recommendations like portfolio allocations or lending decisions. He added that people are not good at explaining subconscious biases that could affect such decisions.
Emkay Investment Managers launches Emkay Capital Builder Fund AIF
The Emkay Capital Builder AIF is designed to generate long-term capital appreciation for investors through a carefully curated portfolio of equity and equity-related securities. The fund will maintain a multi-cap portfolio comprising approximately 20-25 stocks, ensuring a diversified and balanced investment strategy.
SBI manager in Telangana arrested for siphoning Rs 3.3 crore
SBI Ramanthapur branch manager, Ganga Mallaiah Bhageeratha, was arrested for siphoning Rs 3.3 crore from customers' loan accounts. He transferred the funds to personal and family accounts. Accused of cheating and forgery, Bhageeratha and Shaik Saidulu from CAG Banjara Hills branch manipulated loan approvals with fake documents, tricking account holders into transferring excess funds. Bhageeratha is in judicial remand.
Big 4’s management consulting arms gain muscle
The management consulting business has been growing 25-30% for all firms in the last two years. At the Big Four, the total number of partners engaged in strategy, operations, and the top end of digital advisory — areas typically dominated by firms like McKinsey, BCG and Bain — stands close to 300, with consultant numbers at 5,500-6,000. However, the varying number of digital consultants each firm adds to management consulting complicates direct comparisons.
View: India's path to developed economy status hinges on natural resource management
India's natural resources sector faces import challenges but holds potential for growth and self-sufficiency. Strategic management, revenue reinvestment, and resource diversification can drive economic development and sustainability, aligning with global trends towards renewable energy and efficient resource utilization.
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Diabetes management made easier: Your guide to a healthier lifestyle
Proactively collaborating with healthcare professionals for personalized strategies enhances diabetes management, leading to improved overall well-being and better health outcomes.
Only comprehensive reform can enable UNSC to effectively manage global conflicts: India
India has urged for urgent reforms to the UN Security Council as the United Nations approaches its 80th anniversary next year, emphasizing the need to expand both its permanent and non-permanent categories to manage current global conflicts more effectively. This call was made by Pratik Mathur, Minister in India's Permanent Mission to the UN, during a UN General Assembly debate on the Annual Report of the UN Security Council.
GEM Enviro Management shares list at 90% premium on BSE SME platform
Prior to its listing, GEM Enviro Management shares were trading with a Grey Market Premium (GMP) of Rs 70 in the unlisted market. The IPO, comprising entirely of a fresh equity issue of 59.9 lakh shares, was oversubscribed by over 200 times at closure, primarily fueled by robust interest from non-institutional investors. Proceeds from the public offer will be allocated towards funding working capital requirements and general corporate purposes.
National Housing Bank Recruitment 2024: NHB invites applications for managerial positions. Here are the details
NHB Recruitment (Google Trends): The National Housing Bank (NHB) has announced NHB Recruitment 2024, offering 48 vacancies across various roles including General Manager and Chief Economist. Applications start on 29 June 2024, closing on 19 July 2024. This recruitment drive aims to strengthen the housing finance sector workforce. For details, visit www.nhb.org.in.
This fund manager thinks it is the right time to bet on consumption theme. Here’s why
The common theme is these are all branded goods and services that consumers are either consuming today or want to consume. So, in a way, this is a heterogeneous thematic, which allows for that opportunity for picking and managing between different sub-segments, as well as diversification, says Nippon India MF's Amar Kalkundrikar.
Buy Computer Age Management Services, target price Rs 4200: Motilal Oswal
Computer Age Management Services Ltd., incorporated in the year 1988, is a Small Cap company (having a market cap of Rs 17968.44 Crore) operating in Financial Services sector.
Huge flows into sector, thematic MFs make wealth managers edgy
As per data from Franklin Templeton, sectoral and thematic funds garnered ₹70,072, or 31% of the total net inflows of ₹2.27 lakh crore, in the past 12 months. This helped make sectoral funds the second-largest equity mutual fund category after flexi-cap funds, with assets of ₹3.37 lakh crore, constituting 13% of the total equity mutual fund assets of ₹25.4 lakh crore.
Bobby Jain raises $5.3 billion in mega hedge fund debut
The premiere caps a busy year for Jain - former co-chief investment officer at Millennium Management - who has travelled the world pitching his fund. He initially aimed to gather as much as $10 billion. But after struggling to hit that goal, he cut client fees to entice investors and reduced his target to between $5 billion and $6 billion.
Suits & Sayings: Brewing, Brooding
ET’s roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours.
How to manage the inner critic during a mid-career pivot
Imposter syndrome can hinder career growth during mid-career transitions, impacting confidence and leading to feelings of inadequacy. Understanding its triggers and managing it is crucial for professionals looking to change careers.
Prestige One appoints Colliers Project Leaders as project manager
This strategic agreement underscores Prestige One's commitment to maintaining its top position in the real estate market by leveraging the expertise of renowned global firms.
The Night Manager Season 2: Will Olivia Colman make a comeback in the upcoming season
Fans of the acclaimed spy thriller series "The Night Manager" have eagerly awaited news about its highly anticipated second season, especially concerning the return of Olivia Colman.
Amit Shah chairs meeting to review preparedness for flood management in country
Union Home Minister Amit Shah chaired a high-level flood management meeting in Delhi to review preparedness. States like Uttarakhand, Himachal Pradesh, Sikkim, and Assam are facing floods.
Equirus announces Sahil Shah as new CIO & fund manager of their Long Horizon Fund
Equirus today announced the appointment of Sahil Shah as the new fund manager of Equirus Long Horizon Fund (ELHF) and their Chief Investment Officer (CIO).
Top funds houses held low cash levels during run-up to general elections
To a great extent, preparing an investment strategy well before general elections determines how a fund manager outperforms in a volatile phase resulting after the election results are out.
German deputy leader visits China to manage fears of trade war with EU
Robert Habeck, who has personally spoken out against punitive tariffs as a last resort, took with him a low-key business delegation and will address trade relations while also pressing China on hot-button issues like Russia's war in Ukraine.
GEM Enviro Management IPO opens today: Check issue size, price band, GMP and other details
The SME IPO of United GEM Enviro Management aims to raise about Rs 45 crore and list shares on BSE SME platform, with a distribution of 50% for QIB investors, 35% for retail investors, and 15% for other investors.
From Ramayana to cricket, management lessons for India’s family businesses
As part of its Family Business Excellence Series launched in Mumbai, TriChambers identified aspects that can help such businesses achieve their highest potential.
CAMS Repository Services launches insurance portfolio management platform
CAMS Insurance Repository Services (CAMSRep) introduced 'Bima Central,' an insurance portfolio management platform aimed at simplifying policy management for customers by aggregating benefits and ensuring claim-readiness. The scheme addresses the challenges faced by policy holders. Accessible to those with an electronic Insurance Account (eIA) with CAMSRep, Bima Central emerged from industry collaboration to enhance the value of insurance, with SBI General as the anchor insurer and others in the process of integration.
SLCM Group secures second Agri Reach application patent for real-time quality control monitoring in warehouses
SLCM acquires second Agri Reach patent for real-time quality control data monitoring in warehouses, bolstering agricultural ecosystem self-reliance.
Insurers lap up GSec derivatives to manage liabilities
Global funds and insurers are showing strong demand for Indian government bonds, particularly ahead of their inclusion in a JP Morgan index. Insurers are increasingly interested in Bond Forward Rate Agreements (Bond-FRA) to manage long-term liabilities, with significant trading activity reported by Clearing Corporation of India (CCIL).
IIFL Securities to foray into wealth management
IIFL Securities' market capitalisation stood at ₹6,073 crore on Tuesday. In comparison, wealth management companies such as 360 One WAM, Nuvama Wealth Management, and Anand Rathi Wealth are valued at ₹28,535 crore, ₹17,913 crore, and ₹17,263 crore respectively.
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