Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end of its business activities in the country. The group said the sale of its inland depot facility in Novorossiisk, with a capacity of 1,500 containers (TEU),
READ MOREDespite pre-IPO shareholders’ lock-in period coming to an end, Nykaa is seeing no selling pressure in trade today (November 10), on account of the bonus issue announced by the cosmetics-to-fashion retailer. This is a masterstroke by investment banker-turned-entrepreneur Falguni Nayar to stem a potential fire sale as the lock-in shares get released into the market
READ MOREKolkata traffic police is facing backlash over the use of breathalysers as drivers undergoing drink-driving tests are calling it risky and unhygienic. The city’s traffic police reintroduced the test after a gap of 20 months at the backdrop of COVID-19 spike in the state. Kolkata cops earlier said that they would use disposable straws in breathalysers.
READ MOREReality star Kim Kardashian’s arrival at a gathering of the globe’s top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry. Flanked by bodyguards, Kardashian drew a crowd of hundreds of executives at the Super Return industry event, saying she
READ MOREU.S. President Joe Biden is expected to sign a long-awaited executive order this week directing the Justice Department, Treasury, and other agencies to study the legal and economic ramifications of creating a U.S. central bank digital currency, a source familiar with the matter said on Monday. The White House last year said it was considering
READ MOREJim Simons, who passed away on May 10, 2024, was a remarkable figure who straddled the worlds of mathematics, finance, and philanthropy. Nicknamed the “Quant King,” Simons’ legacy lies in his pioneering use of quantitative analysis to revolutionize the investment world. Born in 1938, Jim Simons’ brilliance in mathematics was evident from a young age.
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