News That Matters

Tag: next

Govt to infuse Rs 1,300 cr in Exim Bank next fiscal

Govt to infuse Rs 1,300 cr in Exim Bank next fiscal

Finance
The government has decided to pump Rs 1,300 crore into state-owned Export-Import Bank of India (Exim Bank) to fund its business growth. Last year, the government doubled its authorised capital from Rs 10,000 crore to Rs 20,000 crore. "The (Rs 1,300 crore) provision is for Exim Bank as equity support/ subscription to increase the paid up capital of the bank to the level of its authorized capital," as per the Budget documents presented in Parliament earlier this month. This is Rs 350 crore higher than provision made by the government for the current fiscal. The government earmarked Rs 950 crore capital infusion for the bank. Exim Bank is the principal export credit agency in India and the infusion will give an impetus to new initiatives such as supporting Indian textile industries, likely ch...
Boston Red Sox expected to hire Ron Roenicke as next manager

Boston Red Sox expected to hire Ron Roenicke as next manager

Sports
Feb. 7 (UPI) -- The Boston Red Sox are planning to promote bench coach Ron Roenicke to be their new manager for the upcoming season. League sources told the Boston Globe and USA Today Sports on Friday that Boston is expected to name Roenicke as manager once Major League Baseball completes its investigation into whether the Red Sox were illegally stealing signs during the 2018 campaign. Roenicke served as the team's bench coach for manager Alex Cora during that season. The Red Sox released a statement Friday, saying the "managerial search is not yet completed." "We will comment at the completion of the search," the team said in its statement. Boston parted ways with Cora on Jan. 14 after MLB's investigation into the Houston Astros' sign-stealing scandal during the 2017 season and parts o...
The next big thing in ETFs could give a boost to long suffering active investors

The next big thing in ETFs could give a boost to long suffering active investors

Finance
Traders work on the floor of the New York Stock Exchange (NYSE) on January 10, 2020 in New York City.Kena Betancur | Getty ImagesActive portfolio managers could get some help in the battle against passive investing if a new kind of financial instrument gains traction with investors: the "nontransparent ETF."A nontransparent ETF is an exchange-traded fund that — unlike traditional ETFs — would not disclose what its actual holdings are on a daily basis. Instead, some nontransparent ETFs will publish a portfolio with other stocks that is representative of the underlying strategy. Other nontransparent ETFs will make their holdings available without giving the away the exact weighting of each holding.Previously, traditional mutual-fund managers have been hesitant to put their strategies into ET
Personalized nutrition could be the next plant-based meat, worth $64 billion by 2040, says UBS

Personalized nutrition could be the next plant-based meat, worth $64 billion by 2040, says UBS

Finance
Nestle Health LabImagine receiving customized nutrition advice based on your personal biologic or genetic profile. That's the "future of food," according to a UBS analyst, who sees diet personalization as the next plant-based meat.Personalized nutrition could generate annual revenues as high as $ 64 billion by 2040, the firm said. Plus, big-name companies such as Apple, Uber and Amazon could benefit from the massive growth opportunity."With heightened health awareness among consumers, yet also more people suffering from ailments which are attributable to poor nutrition, there is growing demand for solutions that can improve individual nutritional choices," said UBS analyst Charles Eden in a note to clients on Tuesday. "Personalised nutrition ... represents a potential such solution."P...