Corporate

Directionally, we always have to be a forward looking mechanism, Shailesh Bhan, Deputy CIO, Equity, Reliance Mutual Fund, tells ET Now. Bhan is bullish on corporate lenders, engineering plays and other cyclical spaces for next three years.Edited excerpts: You must be relieved that your core positioning has paid off with consumption and domestic and MNC pharma stocks outperforming very handsomely? It has been a very good journey for the pharma sector over the last few months and more specifically because we had seen a lot of correction over a three-year period which made valuations far more attractive than many other parts of the market. Most of these companies sell in over a hundred countries. They have a strong brand equity in domestic markets and have much better longevity than maybe 50-70% of other companies in India. These are solid businesses getting their due in equity markets. What is the case from here onwards? Will the pharma companies continue to give these kind of … [Read more...] about For next 3 years, bullish on corporate lenders, engineering plays and other cyclical spaces: Shailesh Bhan, Reliance MF

WASHINGTON (Sputnik) — The governments of France, Germany, Italy, Spain, the United Kingdom and the United States welcomed the announcement that Libya’s National Oil Corporation chair Mustafa Sanalla and board member Dr. Nagi el-Maghrabi agreed to unify the corporation, according to a joint statement released by the US Department of State on Wednesday. "Libya’s national economic institutions, including the Central Bank of Libya, National Oil Corporation, and Libyan Investment Authority, must remain united under the sole stewardship of the GNA [Government of National Accord] and must use Libya’s resources for the benefit of all Libyans," the statement said. © AFP 2019 / Abdullah DomaTwo Conflicting Libyan Oil Companies Agree for UnificationOn Sunday, Sanalla and Maghrabi reached an agreement to unite Libya’s National Oil Corporation under single management overseen by the … [Read more...] about US, Europe Welcome Libyan National Oil Corporation Unity Agreement

…as GOtv Boxing Night approaches The President of the West African Boxing Union (WABU), Remi Aboderin, has called on corporate organisations in Nigeria to emulate pay television service provider, GOtv’s support for Nigerian boxing. Aboderin, also the Secretary-General of the Nigerian Boxing Board of Control (NBB of C), said that GOtv’s intervention had helped to revive boxing in Nigeria. The WABU president addressed journalists in Lagos on Wednesday night to announce the 18th edition of the GOtv Boxing Night scheduled for April 21 in Ibadan. He said that support from more organisations would strengthen boxing in the country. “Nobody connected to Nigerian boxing will fail to see the strides being made by the sport since GOtv intervened in 2014. “Its intervention, which has seen it invest huge sums, time, organisation, logistics, especially the live broadcast of the event by SuperSport, has rescued our beloved sport from irrelevance. “I can tell … [Read more...] about WABU President calls for more corporate support for boxing

WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren on Tuesday proposed a new “corporate perjury” law that she would pursue if elected to the White House, inspired by Exxon Mobil Corp’s (XOM.N) past failure to share accurate climate change research with government regulators. FILE PHOTO: Democratic 2020 U.S. presidential candidate Sen. Elizabeth Warren speaks at a political rally in Raleigh, North Carolina, U.S. November 7, 2019. REUTERS/Jonathan Drake/File Photo Warren said companies and executives could face criminal liability for false information they knowingly provide to U.S. agencies, leading to up to $250,000 in fines or jail time. “No one would be liable for mistakes, for submitting research in good faith that turns out to be wrong, or for raising honest disagreements,” Warren wrote on the website Medium. “But where companies engage in egregious and intentional efforts to mislead agencies in an effort to prevent our government … [Read more...] about Warren proposes ‘corporate perjury’ law related to industry-funded research

WASHINGTON: Meditation may help people become less error prone, according to a study which is the largest of its kind with more than 200 participants. The researchers, including those from Michigan State University in the US, tested how open monitoring, or mindfulness meditation - a technique laying focus on feelings, thoughts or sensations as they unfold in one's mind and body - altered brain activity in a way that suggests increased error recognition. As part of the study, published in the journal Brain Sciences, the participants went through a 20-minute open monitoring meditation exercise while the researchers measured brain activity through electroencephalography, or EEG. The study noted that the participants also completed a computerized distraction test. "The EEG can measure brain activity at the millisecond level, so we got precise measures of neural activity right after mistakes compared to correct responses," said study co-author Jeff Lin from Michigan State University. … [Read more...] about Making too many errors at work? Few hours of meditation can help mitigate mistakes