CEOs of companies listed on the S&P 500 earned an average of $18.8 million last year, up about 21% from the previous year, Times recently reported. This jump in executive pay came despite an 18% drop in the market index in 2022. Many of these CEOs were gifted generous stock options by their boards as a reward for steering their […]

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The value of MF exposure to REITs and InvITs which was at Rs 734 crore at the end of March 2020, rose to Rs 5,200 crore by the end of March 2023. Mutual fund investments in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) have gone up significantly after the pandemic breakout, with many newer schemes maintaining some […]

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After reports of contamination in cough syrups sent from the country, India is considering a system to test them before exporting. It is learnt that the Central Drugs Standard Control Organisation (CDSCO) has sent a proposal to the Union health ministry on this. The idea is to test the medicines at government labs before exporting. No decision on the matter […]

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Asian stocks ended mixed on Wednesday amid concerns about China’s uneven economic recovery and little progress in U.S. debt ceiling talks. China’s Shanghai Composite Index slipped 0.2 percent to 3,284.23 on signs that the country’s post-COVID economic recovery is losing momentum. Property developers extended losses after data showed Chinese house prices fell for an eleventh straight month in April. Hong […]

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European stocks may open slightly lower on Wednesday as investors parse the latest Fed officials’ comments and await news on the U.S. debt ceiling negotiations. Cleveland Fed President Loretta Mester said on Tuesday that she doesn’t think the central bank can hold interest rates steady yet. However, comments from Chicago Fed President Austan Goolsbee and Atlanta Fed President Raphael Bostic […]

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A new report from USC Annenberg’s Norman Lear Center makes the case that the depiction of gun violence in the media is fueling gun violence in real life, while the “on-screen representation of characters using guns desensitizes children to the consequences of guns but increases their interest in them.” “I couldn’t be prouder that the Center which bears my name […]

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Partly reflecting a notable rebound in manufacturing output, the Federal Reserve released a report on Tuesday showing an unexpected increase in U.S. industrial production in the month of April. The Fed said industrial production climbed by 0.5 percent in April, while revised data showed production was unchanged in each of the two previous months. Economists had expected industrial production to […]

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Encouraging results for the fourth quarter of the 2022-23 financial year (Q4FY23) have led to a big surge in the share price of DLF. The realty major closed FY23 with Rs 15,000 crore (up 107 per cent year-on-year or YoY) of pre-sales, leading to cash generation of Rs 2,500 crore (up 14 per cent YoY) and reduced net debt by […]

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Shares of Vodafone Group Plc were losing around 4 percent in the morning trading in London as well as in pre-market activity on Nasdaq after the British telecom major reported Tuesday lower adjusted EBITDAaL, a key earnings metric, in its fiscal 2023. This was despite reporting significantly higher net profit, largely reflecting a gain on disposal of Vantage Towers. The […]

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If the feud between Disney and Florida Gov. Ron DeSantis was going to be escalated yet again, parks chief Josh D’Amaro didn’t seem like he would be the one to do it. In an appearance Monday at the JP Morgan Global Technology, Media & Communications Conference, the chairman of Disney’s Parks, Experiences and Products unit affirmed taht the Florida clash […]

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