IT services company HCL Technologies on Friday announced the opening of its innovation centre focused on digital acceleration in Mississauga, Ontario, and said it plans to hire 2,000 employees in Canada in three years. From…
A hedge fund looks to stop a big…
Kim Sohee | Getty Images(CNBC Pro subscribers can access the 13D Active-Passive Investor Summit featuring the most influential activist investors by registering here with promo code ''13DCNBC20' for a 20% discount.)Company: Apartment Investment and Management Co. (AIV)Business:…
Taxes are about to rise for New Jersey…
Phil Murphy, governor of New Jersey, speaks during a fiscal year 2020 budget address at the New Jersey State Assembly chamber on March 5, 2019.Ron Antonelli | Bloomberg | Getty ImagesMillionaires in New Jersey may…
US firm Iron Mountain in talks to buy…
MUMBAI: US records management services company Iron Mountain is in advanced talks to acquire data centre service provider Web Werks India. Web Werks is expected to attract a valuation of $ 180-200 million, said three…
SBI relocates financial inclusion, micro market division to…
New Delhi: In a bid to promote financial inclusion and better coordination with the government, State Bank of India (SBI) on Friday relocated the financial inclusion and micro market (FI&MM) division from its Mumbai corporate…
P/E not best tool to value a stock.…
By DK AggarwalThe price-to-earnings ratio is one of the topmost tools for stock valuation. But one cannot measure the growth potential of a company only on the basis of P/E. Before diving in to check…
Investors pull $25.8 bn from US equity funds:…
LONDON: Investors pulled a massive $ 25.8 billion out of U.S. equity funds in the week to Wednesday, the third biggest outflow ever from the asset class, BofA's weekly fund flow report showed on Friday.…