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LIC Housing Finance hopes to earn Rs 5,000 cr profit in FY24: CEO | Company News – Business Standard

24Feb

By UNN News DeskNo Comments

Business

LIC Housing Finance hopes to earn Rs 5,000 cr profit in FY24: CEO | Company News – Business Standard

LIC Housing Finance, the mortgage arm of insurance behemoth LIC, is expecting a net profit of Rs 5,000 crore in the current financial year on the back of robust loan demand and expansion in non-core business. The non-core business includes Loan Against Property (LAP) and affordable housing finance, LIC Housing Finance managing director and CEO Tribhuwan Adhikari told PTI in an interaction. During 2022-23, the biggest housing finance company earned a net profit of Rs 2,891 crore. "Affordable housing segment remained strong in tier-2 and tier-3 markets. We remained focused on this segment, as it gives an opportunity to millions of aspiring Indians to own their home with a moderate budget," he said. In addition to business growth, he said, "our endeavour has b...

Latest Tech: Nvidia stock is rebounding after the chipmaker exceeded Wall Street’s sky-high expectations

21Feb

By UNN News DeskNo Comments

Technology and Ai

Latest Tech: Nvidia stock is rebounding after the chipmaker exceeded Wall Street’s sky-high expectations

Nvidia reported revenues of $22 billion in the fourth quarter, up nearly 270% from the prior year and even above Wall Street’s soaring expectations.Nike and PepsiCo executives on how to find your worth | Your WalletThe tech giant’s stock got a big boost from the news, rising nearly 9% to $732 per share in after-hours trading.Nvidia’s H100 GPUs, the $30,000 chips that power generative AI products, have unleashed a buying frenzy from the biggest of big tech companies. Its largest purchasers are Microsoft and Meta — which spent $4.5 billion each on the chips last year — followed by Google parent Alphabet, Amazon, and Oracle.Even as those customers moved to develop their own AI chips and partner with its rivals, Nvidia’s revenues from generative AI show no signs of slowing. Fourth quarter r...

Latest: Weekend Business News Roundup February 10, 2024

10Feb

By UNN News DeskNo Comments

News & Events

Latest: Weekend Business News Roundup February 10, 2024

Image: Laura Bratton, Photos: Post Consumer Brands (press release), Justin Sullivan (Getty Images)Rappers Snoop Dogg and Master P may have already made their mark in hip hop, but their real dream was to make cereal. Yes, cereal.Or at least that’s what the two performers (who are worth $160 million and $200 million, respectively) say in a new lawsuit against Walmart and Post Consumer Brands. The music moguls allege they started their company Broadus Foods in 2022 “to be a legacy for Snoop Dogg and Master P’s family they could leave to help them create a brighter future.” - Laura Bratton Read More Source link

Latest: Hershey is worried about popcorn, not record cocoa prices

8Feb

By UNN News DeskNo Comments

News & Events

Latest: Hershey is worried about popcorn, not record cocoa prices

Hershey CEO Michele Buck opened up the company’s earnings call (pdf) Thursday (Feb. 8) by talking about “historic” cocoa prices. Thanks to speculators taking advantage of back-to-back West African rains and droughts, a metric ton of the brown stuff costs more than $5,400 for one contract traded out of New York, more than double what it was the same time last year. The chocolatier is maneuvering to keep from raising prices too much. How to negotiate salary going into a new job | Your Wallet“I do want to be very clear that there’s no change to our pricing strategy,” she told investors. “And our commitment to use pricing to cover inflation and to support the investments that we think are critical to drive the business. So, given where cocoa prices are, we will be using every tool in our to...

The J.P. Morgan Healthcare Conference: A Who’s Who of Industry Titans Shaping the Future

2Feb

By Richard TurnerNo Comments

News & Events, Business

The J.P. Morgan Healthcare Conference: A Who’s Who of Industry Titans Shaping the Future

42nd J.P. Morgan Healthcare Conference 2024 Mark your calendars, healthcare innovators! The J.P. Morgan Healthcare Conference, the undisputed Davos of the healthcare world, is back and bigger than ever. From January 8th to 11th, 2024, San Francisco will become a buzzing hive mind of leading executives, investors, and thought leaders, all eager to dissect the future of healthcare. But with such a star-studded line-up, where do you even begin? Worry not, curious souls, for this blog will serve as your ultimate guide to the conference's most distinguished panelists. Leading the charge are the keynote speakers: Jamie Dimon, Chairman and CEO of JPMorgan Chase: This financial titan and industry veteran will undoubtedly offer his unique perspective on the intersection of healthcare and...