Latest news with #India-based
Mint
4 days ago
- Business
- Mint
450% rally in five years! Multibagger small-cap stock under ₹25 in focus; here's why
North Eastern Carrying Corporation (NECC) Limited announced its January-March quarter results for fiscal 2024-25 (Q4FY25) on Wednesday, May 28, reporting a plunge of 38.4 per cent in net profit to ₹ 1.76 crore, compared to ₹ 2.8 crore in the corresponding period last year. NECC has provided massive multibagger returns of 450 per cent in the last five years. NECC is an India-based transport and logistics company. The Company is engaged in offering domestic goods transportation, international goods transportation, commercial goods transportation services, industrial goods transportation, and warehousing services.
Yahoo
4 days ago
- Business
- Yahoo
BlackRock Gets Regulatory Nod to Start Mutual Fund Business in India
BlackRock Inc. BLK and India-based Jio Financial have obtained approval from the Securities and Exchange Board of India to commence operations of their mutual fund joint venture (JV), Jio BlackRock Asset Management, plans to launch a broad range of investment products in the upcoming quarters based on a 'digital first' approach for retail and institutional products will apply BLK's capabilities in data-driven investing, including 'Aladdin.' Sid Swaminathan has been appointed as the managing director and chief executive at Jio BlackRock. In July 2023, BlackRock entered into a joint venture with Jio Financial, naming it Jio BlackRock, to revolutionize India's asset management industry. This 50:50 partnership combined the scale and investment expertise of BLK with the local market knowledge and digital infrastructure capabilities of Jio joint venture targeted an initial investment of $150 million each from BlackRock and Jio Financial. The primary goal is to democratize access to investment solutions and provide affordable, tech-enabled options for millions of investors in April 2024, both entities entered into a new joint venture to establish a wealth management and broking business in India to tap into the country's growing wealth business and rising retail investor base. This move aligns with BlackRock's growth strategy to strengthen its market share in domestic as well as global markets. The convergence of rising affluence, favorable demographics and digital transformation in India has created an incredible opportunity. Jio BlackRock aims to capitalize on this potential and reshape the investment March 2025, BlackRock acquired London-based Preqin for $3.2 billion to enhance its private markets offerings. In December 2024, the company announced a deal to acquire HPS Investment for $12.1 billion. In October 2024, it acquired Global Infrastructure Partners to enhance its infrastructural offerings and origination capabilities. In May 2024, BlackRock completed the acquisition of the remaining 75% stake in SpiderRock to boost its separately managed accounts BlackRock has established strategic alliances. Last September, it entered into a collaboration with Banco Santander to expand into infrastructure markets. Similarly, the company formed a partnership with Partners Group to introduce a multi-private markets model solution, boosting retail investors' accessibility to alternative investments. Shares of BlackRock have gained 1.5% against the industry's decline of 6.4% in the past three months. Image Source: Zacks Investment Research Currently, BLK carries a Zacks Rank #4 (Sell).You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Last week, The PNC Financial Services Group, Inc.'s PNC subsidiary, PNC Bank, agreed to acquire Aqueduct Capital Group. The acquisition is expected to close in mid-summer, subject to customary closing conditions. The terms of the deal were kept under planned acquisition will enhance the primary fund placement capabilities of PNC Financial's subsidiary Harris Williams, which is a global investment bank specializing in mergers and acquisitions and private capital advisory services, serving clients Capital One COF completed the acquisition of Discover Financial. The $35-billion transaction reshapes the landscape of the credit card industry, creating a behemoth (in terms of loan volume).At the time of the announcement (February 2024), it was noted that the Capital One-Discover merger will likely generate and deliver attractive accretion and returns for its shareholders. Expense synergies of $1.5 billion in 2027, coupled with network synergies of $1.2 billion, underscore the value-creation potential of the merger. The transaction will result in a more than 15% accretion to adjusted non-GAAP EPS by 2027. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report BlackRock (BLK) : Free Stock Analysis Report Capital One Financial Corporation (COF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
4 days ago
- Business
- Mint
450% rally in five years! Multibagger small-cap stock under ₹25 in focus; here's why
North Eastern Carrying Corporation (NECC) Limited announced its January-March quarter results for fiscal 2024-25 (Q4FY25) on Wednesday, May 28, reporting a plunge of 38.4 per cent in net profit to ₹ 1.76 crore, compared to ₹ 2.8 crore in the corresponding period last year. NECC has provided massive multibagger returns of 450 per cent in the last five years. NECC is an India-based transport and logistics company. The Company is engaged in offering domestic goods transportation, international goods transportation, commercial goods transportation services, industrial goods transportation, and warehousing services. Its services include a range of freight management and customized logistics solutions backed by automated enterprise resource planning (ERP) based software. The Company's services include booking small parcels, part truck load (PTL), full truck load (FTL) consignments, bulk movements, and project consignments to over-dimensional consignments (ODC
India Today
4 days ago
- Business
- India Today
5 Indian-origin, one Indian national on Fortune's 2025 Most Powerful Women list
Indian-Americans Reshma Kewalramani, Bela Bajaria, Revathi Advaithi, and Meena Lakdawala Flynn, along with India-based Roshni Nadar Malhotra and UK-based Leena Nair, are among the leading women in the global business Kewalramani, CEO of Vertex Pharmaceuticals, ranked 18th for her groundbreaking work in biopharma. Roshni Nadar Malhotra, ranked 21st, leads HCL Technologies and champions education and conservation in chief content officer, Bela Bajaria, at 31st, oversees a massive content empire. Revathi Advaithi, ranked 62nd, drives innovation at manufacturing giant Flex. Meena Flynn, at 69th, steers Private Wealth Management at Goldman Sachs, focusing on client growth and advancing women in Here's a closer look at their KEWALRAMANI, RANK: 18Reshma Kewalramani, the Indian-origin CEO of US-based Vertex Pharmaceuticals, ranked 18th on the a licenced doctor, became Vertex Pharmaceuticals' CEO in 2020. She was previously the biopharma company's chief medical biopharma company, valued at over $110 billion, is a major player in discovering, developing and producing innovative medicines. The company is best known for developing multiple novel drug combinations to treat cystic fibrosis, which affects 1,00,000 people globally, according to Mumbai-born CEO moved to the US in 1988. She pursued a career in medicine, earning her degree from Boston University, followed by a fellowship at Massachusetts General also clinched a spot in TIME magazine's 100 Most Influential People of 2025, notably the only person of Indian NADAR MALHOTRA, RANKS: 21advertisementRanked 21st on the list, Roshni Nadar Malhotra, chairperson of HCL Technologies, has become India's richest woman — and the country's third-richest individual overall — following a transfer of shares from her father, Shiv a career in TV news, Malhotra returned to the family business in 2008. She rose to chair in 2020, looking after the company's broader strategic initiatives. In addition to her position as HCL Tech's chairperson, Malhotra is also involved in philanthropic efforts, including providing education for gifted students in rural India, and work in nature conservation, Fortune hopes to see more women in India's fast-growing tech sector. "We want more women to build long-term careers in tech," she told Fortune India earlier this 2024, she made it to Forbes's 100 Most Powerful Women list. She was ranked 81 last BELA BAJARIA, RANK: 31Indian-American Bela Bajaria, who secured 31st spot in the list, is Netflix's chief content officer. She oversees an annual content budget of over $17 billion for the OTT joined Netflix from Universal Television in 2016 as head of unscripted and scripted content, before becoming the chief content officer in has helped turn Netflix into an international entertainment giant while pushing the near-$500 billion company into live events and sports, inking deals with WWE and the NFL, Fortune in London to Indian immigrant parents, she won Miss India Worldwide in 1991. During her tenure, Netflix has frequently earned more Emmy and Oscar nominations than any other MEENA FLYNN Ranks 69Leena Nair, ranked 45, became the global CEO the French luxury fashion house Chanel in 2021 — the first woman of colour to hold the is also among the few women of colour leading a global luxury brand. Under her leadership, the 115-year-old family-controlled brand has bucked the luxury slowdown affecting its rivals by delivering a 16% increase in revenues in 2023, worth $20 in her tenure, Nair increased the funding of Chanel's charity, Foundation Chanel, to $100 million to support women's and girls' safety and economic comes from Maharashtra's Kolhapur, and climbed to the top position from modest REVATHI ADVAITHI RANKED 62 IN THE LISTRanked 62, Revathi Advaithi has led manufacturing giant Flex for past six years, with a strong focus on investing in data centre her leadership, the company's data centre business had year-over-year growth of 45% in Q4 of Calendar Year oversees more than 1,40,000 employees in 30 countries. She also sits on the boards of Uber, and the MIT Presidential CEO Advisory holds a bachelor's degree in mechanical engineering from the Birla Institute of Technology and Science (BITS), Pilani. She later earned an MBA in international business from the Thunderbird School of Global Management in the MEENA FLYNN, RANKED 69Ranked 69, Meena Flynn, co-head of global Private Wealth Management, has led that charge at Goldman Sachs, with impressive results. Goldman Sachs Wealth Management, including Private Wealth Management, oversees more than $1 trillion in assets globally, and generated over $5 billion in management and other fees last year, up 11% from 2023 and a record for the co-head of the One Goldman Sachs initiative, Flynn is also tasked with forging deeper relationships with around 100 of the firm's wealthiest clients, who collectively account for almost 20% of Goldman's revenue. A newcomer on this year's list, Flynn has championed women in her role, and the majority of the firm's global PWM partners are women, according to resides in New York City with my two children and husband, as per Forbes. She holds a bachelor's degree in economics from The George Washington University. advertisement
Hindustan Times
5 days ago
- Business
- Hindustan Times
Airtel introduced new OTT entertainment packs in India for prepaid users- Details
Airtel, the India-based telecommunication service provider, has launched new OTT entertainment packs in the country for the first time. These new packs can be availed by the prepaid Airtel users, allowing them to access more than 25 OTT platforms, including Netflix, JioHotstar, Zee5 and SonyLiv. This is a great opportunity for Airtel prepaid users to avail of additional benefits. Over the past few months, Airtel has been rolling out several budget-friendly packs that also include a free JioHotstar subscription for a limited period. Now, with these new packs, users can also get access to additional OTT platforms. Airtel OTT entertainment packs As per the latest offering, the Airtel OTT entertainment pack starts at just Rs.279 for 1 month. This plan will include some of the leading OTT platforms, including access to Airtel Xstream Play Premium. Here's a breakdown of OTT entertainment packs: Direct subscription (Rs.279): With this plan, users can get Netflix Basic, Zee5, JioHotstar, and Airtel Xstream Play Premium for 1 month. Prepaid Content Only Packs (Rs.279): This plan will include Netflix Basic, Zee5, JioHotstar, and Airtel Xstream Play Premium. Additionally, users will also get 1GB of data for 1 month. Also Read Prepaid Data Bundles: This entertainment plan will give users with Netflix Basic, Zee5, JioHotstar, and Airtel Xstream Play Premium for 28 days. This will also include unlimited 5G and unlimited calls. Prepaid Data Bundles: This plan has similar benefits to the above plan, but its validity will last for 84 days. It will also offer unlimited 5G and unlimited calls. All these plans can be purchased via the Airtel Xstream Play app. These plans will include unlimited international, Bollywood, and regional content in over 16 languages. Airtel said, 'Customers will get access to a wide variety of popular streaming platforms, of value worth ₹ 750, making it the only telco to enable access to such a wide bouquet of OTT streaming options.' In addition to unlimited calls and 5G data, the brand is adding greater value to services, attracting more customers. First Published Date: 27 May, 16:09 IST
