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Snowflake (SNOW) is due to report its first quarter results after the close today (May 26th). Shares in the company are worth about a half of the value they were at their peak in 2020. The consensus estimate for Q1 is $213.36m in revenue and a $0.16 loss per share. In Q4, Snowflake posted a loss per […]
Switzer Daily
27 May 2021
With big
bank term deposit rates down to a paltry 0.40%, self-funded retirees are
increasingly turning to riskier investment options to generate income. Others
are drawing down on their capital, but this is not a strategy that can be
employed indefinitely. And with the Reserve Bank maintaining that the cash rate
is not going up until 2024 at the earliest, there is little relief in sight.
So here are some
investment options that can generate a 5% income return. They are not riskless,
because any investment promising a return over the “government guaranteed” rate
of a term deposit involves risk. Further, the higher the promised return,
18 May 2021
The Competition Commission of India (CCI) has approved the proposed acquisition of additional 25 per cent shareholding of Adani Krishnapatnam Port Limited by Adani Ports and Special Economic Zone Limited.
The acquirer is a private multi-port operator. It is currently present at 11 ports in six maritime states of Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha. It already holds 75 per cent shareholding of the target. With the conclusion of the proposed combination, the acquirer will hold 100 per cent shareholding and sole control of the target.
The target is engaged as a developer and operator of an all-weather, deepwater multi-purpose port located at Krishnapatnam, Andhra Pradesh, under `Build-Operate-Share-Transfer’ concession from the government of Andhra Pradesh.
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