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US firm Vanguard Group made Rs 1,294 crore investment in 10 stocks, in single day; do you own any?

The Vanguard Group Inc, the US-based investment management company, invested nearly Rs 1,300 crore in a single day on March 15 when the Nifty50 closed at fresh six-month high. The investment firm through its Vanguard Emerging Markets Stock Index bought equity stake in 10 Indian companies through open market transactions. As per the bulk deal data published on National Stock Exchange, 10 stocks where the firm purchased equity shares are Aarti Industries, Bata India, Castrol India, DCB Bank, NIIT Technologies, RBL Bank, TeamLease Services, TTK Prestige and V-Guard Industries. Vanguard Emerging Markets Stock Index bought shares worth Rs 1,294 crore,…

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Future Group to diversify into cloud kitchen business

In a cloud kitchen concept, operators prepare, package and deliver food without providing any dine-in facility to end-consumers. SHAMBHU KALAN: Future Group will soon venture into the delivery of cooked foods from its kitchens as part of consolidation of food business, according to its Chief Executive Officer Kishore Biyani The group is looking to leverage its digital wallet FuturePay to deliver affordable meals at the doorsteps of consumers under the cloud kitchen concept. “Now, we are talking about cloud kitchen and ready-to-eat food at customers’ home at Rs 40. That is another project…

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Mahindra Group to invest Rs 2,325 crore in Maharashtra

The Mahindra Group today announced over Rs 2,300 crore investment in the state in three projects of which as much as Rs 1,700 crore will be spend towards creating an entertainment destination at Kandivali, a northwestern suburb of the megapolis. Addressing the Magnetic Maharashtrainvestor summit here this evening Mahindra group chairman Anand Mahindra said his software company Tech Mahindra will invest Rs 125 crore to create an all-green tech hub in Nagpur that will create ate least 2,500 jobs. On the Rs 1,700-crore investment announced in the city, Mahindra said, “we are exploring to set…

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Coinshares Group Plans to Launch New Crypto-Investment Funds

This week the firm Coinshares Group has announced two new investment vehicles tethered to cryptocurrencies. Coinshares was the first organization to launch publicly traded bitcoin and ethereum-based exchange-traded-notes (ETN), and the firm’s new funds will offer retail investors more “familiar channels” to invest in the growing digital asset economy. Two New Coinshares Crypto-Investment Funds: The ‘Active’ and ‘Large Cap’ Coinshares is well-known for it’s Bitcoin Tracker One ETN listed on Nasdaq OMX. Coinshares Group is a well-known company that offers two globally traded ETNs based on the decentralized cryptocurrencies bitcoin (Bitcoin…

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Landmark Group appoints Vasanth Kumar as MD of Lifestyle International

New Delhi: Dubai-based retail and hospitality conglomerate, Landmark Group, which is also the parent company of brands like Lifestyle, Max Fashion, Home Centre, Spar Hypermarkets and EasyBuy, has appointed Vasanth Kumar, executive director of Max Fashion India as the managing director of Lifestyle International with the responsibility for the strategic direction and execution of Lifestyle and Home Centre businesses, starting April 1, 2018. Kabir Lumba, currently heading Lifestyle International as managing director, will be taking on a new role within Landmark Group, as CEO – Max and Director – Landmark Group in the Middle…

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Kicking the butt: Running group can help you to quit smoking

Having difficulty in quitting smoking? Try running as it can help you refrain. As per a recent UCB report, almost half of the people who completed a 10-week program involving running were able to successfully quit smoking. Carly Priebe, postdoctoral fellow in UBC’s school of Kinesiology said, “This shows that physical activity can be a successful smoking-cessation aid and that a community-based program might offer that. Because doing it on your own is very difficult.” In Canada, 178 smokers registered for the 2016 ‘Run to Quit’ program at Running Room…

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