General Motors aims to regain the trust of investors by announcing a series of initiatives on Wednesday, following a challenging year involving labor strikes and struggles with its electric and autonomous vehicle plans. The Detroit automaker plans to boost its quarterly dividend by 33% to 12 cents per share, along with launching an accelerated $10…
The International Union for Conservation of Nature (IUCN) is making a strong call to action ahead of the COP28 Summit in Dubai, urging for urgent and transformative efforts to address climate change and biodiversity loss. In an open letter, the chairs of seven IUCN Commissions, representing over 15,000 experts, emphasized the need for a holistic…
Tokenisation: The New Trend for Secure and Convenient Online Transactions Tokenisation is nothing but giving your sensitive information a secret identity. When you tokenise something, like a debit or credit card, you replace the actual details with a unique digital token. To make it more convenient for customers, RBI has recently announced card-on-file tokenisation or…
The recent turmoil within the boardroom and family of Raymond has seen minority shareholders take a hit, and experts warn that there is little they can do to protect their investments. According to experts, minority shareholders, who hold less than 50% of the stock, are the most affected by feuds between board and family members….
Coforge, IDFC First Bank, and Patanjali Foods witnessed a significant increase in stake by Foreign Portfolio Investors (FPIs) in the September quarter, according to a report by Kotak Institutional Equities. The report also highlighted the highest stake increase by mutual funds in Coforge, Sula Vineyards, and Restaurant Brands Asia, while banks and financial institutions increased…
Okta Data Breach Exposes Customers to Increased Cybersecurity Risks In a recent letter to clients, cybersecurity firm Okta admitted that hackers who compromised their customer support system stole data from all users, a far more significant breach than initially believed. This expanded scope now puts customers at risk of heightened attacks or phishing attempts, according…
The late Charlie Munger, former vice chairman of Berkshire Hathaway, expressed his astonishment at the massive conglomerate’s current worth of over $785 billion in his final interview with CNBC’s Becky Quick. Munger, who passed away at 99, revealed, “I did not anticipate … we would ever get to $100 billion, much less several hundred billion.”…
Legendary investor Charlie Munger, Warren Buffett’s right-hand man for nearly six decades, has been a significant influence on the investment world. Munger’s shrewd investment insights have guided generations of investors, contributing to Berkshire Hathaway’s growth from a small textile company to a massive conglomerate. One of Munger’s key contributions to Berkshire’s success was his focus…
Apple has informed Goldman Sachs that it plans to end its credit card and savings account partnership within the next 12 to 15 months. This news comes from a source familiar with the matter who spoke with CNBC’s Leslie Picker. This planned move would terminate one of the most high-profile partnerships between a bank and…
Workday stock rose over 6% in after-hours trading following better-than-expected third-quarter results, with adjusted earnings of $1.53 per share on revenue of $1.87 billion, beating analyst estimates of $1.41 per share and $1.85 billion in revenue. The data infrastructure firm NetApp also saw a nearly 10% increase in its stock after reporting adjusted earnings of…
