Business Finance – Premudraja http://premudraja.net/ Mon, 23 May 2022 09:40:17 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://premudraja.net/wp-content/uploads/2021/06/icon-4-150x150.png Business Finance – Premudraja http://premudraja.net/ 32 32 German business sentiment picks up in May thanks to buoyant service sector https://premudraja.net/german-business-sentiment-picks-up-in-may-thanks-to-buoyant-service-sector/ Mon, 23 May 2022 09:07:13 +0000 https://premudraja.net/german-business-sentiment-picks-up-in-may-thanks-to-buoyant-service-sector/ Links to the breadcrumb PMN Company Author of the article: Reuters Rachel More and Rene Wagner Publication date : May 23, 2022 • 29 minutes ago • 1 minute read • Join the conversation Content of the article BERLIN — German business morale rose unexpectedly in May as a recovery in the service sector in […]]]>

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BERLIN — German business morale rose unexpectedly in May as a recovery in the service sector in Europe’s largest economy helped offset the impact of high inflation, supply chain issues and the war in Ukraine, according to a survey published on Monday.

The Ifo institute said its peak business index rose to 93.0 in May after a reading of 91.9 in April, revised slightly higher from 91.8.

A Reuters poll of analysts had indicated a May reading of 91.4.

The Ifo said in its statement that there were “currently no observable signs of a recession”.

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“The German economy is showing resilience,” Ifo economist Klaus Wohlrabe told Reuters, adding that service providers were benefiting from the easing of COVID-19-related restrictions – particularly in the tourism sector. and the hotel industry.

The situation in the industrial sector was more difficult.

“There are no signs of any easing of supply bottlenecks here,” Wohlrabe said, adding that demand for industrial products has fallen. Overall, business price expectations had declined. “Price increases remain on the agenda, however,” Wohlrabe said.

Data released last Friday showed German producer prices saw their biggest annual rise on record in April – up 33.5% on the year – as the war in Ukraine sends the cost skyrocketing. energy for German industry.

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Inflation and supply bottlenecks threatened a post-pandemic consumer boom, said Alexander Krueger of private bank Hauck Aufhaeuser Lampe, adding: “The question mark over a stronger recovery in the economy in the second half of 2022 is growing”.

German Finance Minister Christian Lindner, who hosted a meeting of the Group of Seven economic powers last week, said inflation must return to 2% quickly and central banks had a “great responsibility” to help to master it within the G7.

Volkswagen, Europe’s biggest automaker, stuck to its 2022 outlook earlier this month, avoiding supply chain disruptions caused by the war in Ukraine and the pandemic by relying on its network of global production. (Reporting by Miranda Murray and Rachel More Editing by Paul Carrel, Kirsten Donovan)

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Finance For Enterprise supports the launch of a DIY business | Yorkshire Business News https://premudraja.net/finance-for-enterprise-supports-the-launch-of-a-diy-business-yorkshire-business-news/ Thu, 19 May 2022 17:11:52 +0000 https://premudraja.net/finance-for-enterprise-supports-the-launch-of-a-diy-business-yorkshire-business-news/ Jane Cusse FFE with Richard Chapman (center) and Mike Skinn (right) A recently established DIY store has reported a strong start to business after receiving support from alternative lending provider Finance For Enterprise. Sales expert Richard Chapman and experienced locksmith Mike Skinn have worked side by side for over 12 years. When the owner of […]]]>
Jane Cusse FFE with Richard Chapman (center) and Mike Skinn (right)


A recently established DIY store has reported a strong start to business after receiving support from alternative lending provider Finance For Enterprise.

Sales expert Richard Chapman and experienced locksmith Mike Skinn have worked side by side for over 12 years. When the owner of the company they worked for announced his intention to retire, the duo began to explore the possibility of acquiring the company. However, they couldn’t get along and, after seeking advice, they decided to start a new business from scratch.

When they discovered that a unit at the Kennedy Way shopping center in Immingham was available, they decided to put their plans into action.

Working with experienced business loan manager Jane Cusse, the duo successfully secured funding for a start-up loan.

Since its opening, Immingham Hardware has attracted between 60 and 100 visitors each day.

Richard Chapman said: “We knew the combination of a traditional DIY store and locksmith services was a winning formula, and when we scouted suitable premises to run the business, we thought this would be the perfect fit. perfect opportunity to put our plans into practice.We spent quite a bit of time planning and exploring a number of different scenarios, possibly including acquiring an existing business or starting a new business from scratch .

“However, no matter what avenue we explored, we realized that additional funding would be required and we knew that without any prior experience of running a business it would likely be difficult to secure. We were introduced to Finance For Enterprise by a business advisor; Jane listened to our ideas and helped us secure the vital financing we needed.”

Jane Cusse, Head of Business Loans at Finance For Enterprise, added: “Companies operating in the retail sector typically need to invest significant sums to secure the stock their business needs, as well as to equip new In many cases it can be difficult to get financing from traditional lenders, but they spent time working with Paul Slade at Efactor to discuss and develop their plans and he suggested that Finance For Enterprise could help them. help them access the funding they needed.

“The Startup Loan Program was created specifically to help new entrepreneurs, and although Richard and Mike’s business is new, they are no strangers to the industry they work in. They have developed a business plan. “Strong business to support their application. I am confident that their business has an exciting future ahead of it.”

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The German Allianz and its problems with American funds https://premudraja.net/the-german-allianz-and-its-problems-with-american-funds/ Tue, 17 May 2022 13:28:00 +0000 https://premudraja.net/the-german-allianz-and-its-problems-with-american-funds/ FRANKFURT, May 17 (Reuters) – Germany’s Allianz (ALVG.DE) has agreed to pay around $6 billion and its U.S. asset management unit will plead guilty to fraud after a group of its funds collapsed multi-billion dollar investment amid the market turmoil triggered by the coronavirus pandemic in 2020. read more Here’s the timeline of key events […]]]>

FRANKFURT, May 17 (Reuters) – Germany’s Allianz (ALVG.DE) has agreed to pay around $6 billion and its U.S. asset management unit will plead guilty to fraud after a group of its funds collapsed multi-billion dollar investment amid the market turmoil triggered by the coronavirus pandemic in 2020. read more

Here’s the timeline of key events in the saga, based on court documents, corporate disclosures, archived websites, public statements, and investor meeting minutes:

2005

The American branch of asset management of Allianz creates the so-called Structured Alpha funds under the direction of Greg Tournant.

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2007

The Arkansas Pension Fund for Retired Teachers – which will later be the first to sue Allianz over its investments in the funds – owns $19.4 million in Allianz stock, its fourth-largest holding in a foreign company.

2008

Arkansas pension fund makes first investment in Allianz Structured Alpha funds.

2013-2016

Arkansas decides to strengthen its investment in Allianz funds. The funds also attracted pension funds that served workers in Alaska and subway workers in New York.

2016

Marketing material describes the funds as “a tried and tested solution” and “always above target”. They are marketed as “a confident strategy with a spirit of assurance”.

2019

Arkansas structured alpha holdings reached a market value of $1.6 billion at the end of 2019, a significant portion of the $18.3 billion fund.

2020

January – Global stock markets plunge amid fears of the spread of the coronavirus.

Feb. 3 – Mohamed El-Erian, chief economic adviser at Allianz, warns CNBC viewers not to “buy the dip” as the coronavirus crisis was unprecedented.

March 13 – Investment consultant Aon warns Structured Alpha investors in a “flash report” that it has put Structured Alpha funds under review.

March 25 – Allianz announces the liquidation of two hard-hit funds. Investors are also being told that chief fund manager Tournant had been ill for weeks, according to lawsuits.

Mar 27 – Allianz says it remains committed to the fund franchise and “the remaining funds are now well positioned”, but Aon releases another report recommending a “sell”.

March 31 – One of the funds held by Arkansas loses 78% in the first quarter, against a 22% drop in its benchmark.

April 6 – Arkansas fund board votes to exit Allianz funds and park proceeds with BlackRock.

June 30 – Arkansas fund board votes to sue Allianz.

July 20 – Arkansas lawsuit is filed with the Southern United States District of New York, claiming $774 million in losses.

July 21 Allianz publishes an article claiming that “losses are not the result of a failure in portfolio investment strategy or risk management processes”. It has since been removed from the web.

August 4 – Allianz reveals that the SEC is investigating.

September – Many other investors had by this point filed lawsuits similar to those in Arkansas, and more followed.

2021

May – The US Department of Justice contacts Allianz for information on the funds.

August 1 Allianz publicly discloses the DOJ investigation and says it could take a financial hit. Read more

August 2 – Allianz shares fall 7.8%. Read more

August 7 Oliver Baete, CEO of Allianz, describes a “horrible week” and admits that “all has not been perfect in the management of the funds”. Read more

Sept. 10 – Reuters reports that the DOJ was investigating possible misconduct by fund managers and misrepresentation of risks to investors. Read more

2022

Feb. 17 – Allianz announces it will set aside 3.7 billion euros ($3.90 billion) to deal with investigations and lawsuits. Reports 2021 earnings were lowest since 2013. read more

Feb. 18 – Allianz announces bonus cuts for its CEO and board of directors, as well as a settlement with a “vast majority” of investors. Read more

February 28 – A number of large investors file to end their lawsuits. Read more

March 3 – Arkansas drops its lawsuit after settling $642 million, according to a court document and board meeting minutes. Read more

Mar 4 – Allianz annual report reveals Allianz chief executive Oliver Baete earned 9% more in 2021 despite a reduction in his fund saga bonus.

May 11 – Allianz sets aside an additional 1.9 billion euros to settle litigation and possible fines from US regulators. nL5N2X327P]

MAY 17 – The DOJ announces that Allianz has agreed to pay approximately $6 billion and that its US asset management unit will plead guilty to fraud. Read more

($1 = 0.9496 euros)

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Reporting by Tom Sims Editing by Tomasz Janowski

Our standards: The Thomson Reuters Trust Principles.

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How to choose a good financial advisor https://premudraja.net/how-to-choose-a-good-financial-advisor/ Sun, 15 May 2022 21:12:11 +0000 https://premudraja.net/how-to-choose-a-good-financial-advisor/ The pandemic has suddenly heightened people’s interest in investing – a great trend – especially in India, where participation in capital markets has been low. Additionally, as more and more investors seek to build wealth, the demand for investment advisory services has increased dramatically. Many do-it-yourself investors have entered the market; however, self-directed investing is […]]]>

The pandemic has suddenly heightened people’s interest in investing – a great trend – especially in India, where participation in capital markets has been low. Additionally, as more and more investors seek to build wealth, the demand for investment advisory services has increased dramatically.

Many do-it-yourself investors have entered the market; however, self-directed investing is suitable for people who can put in the time and effort. Most people don’t have the time and are probably looking for a great financial advisor. What should they keep in mind before choosing one? Let’s find out

A good financial advisor is not a salesman

A salesperson sells mutual funds, fixed deposits, insurance, and other financial products.

On the other hand, an advisor is someone who thoroughly analyzes the family, their needs, goals and risk appetite and presents investment opportunities accordingly. A good advisor suggests products that are right for you (not for them). In the world of finance, where there are hundreds of mutual funds, stocks, and more, there are countless opportunities for advisors to make a quick buck. A good advisor carefully selects products that maximize the client’s wealth and risk-taking capabilities. Always look for advisors who sell the mutual funds or other products that earn them the most commissions.

A good counselor manages behavior and temperament well

Wealth creation is more about temperament than the product you buy or sell. Some of the most successful investors attribute their success to their good temperament.

A good advisor will reassure investors about their long-term outlook and help clients avoid making bad choices, such as selling when markets are down and buying too much when markets are up. A good advisor is more of a psychologist and less of a financial advisor

A good advisor sells low expectations and is available to you when needed

Please stay away from advisors who promise annual returns of 25/30% or more on their investments.

A good advisor promises practical returns and delivers them according to the investor’s risk appetite. For example, for a conservative investor it may be 8-10%, while for an aggressive investor it may be 14-16%. Make sure the advisor tailors the proposal to your ability to take risks. Also, make sure the advisor is available to you when needed.

A good advisor focuses on your life goals, not investment returns. It would focus less on returns, which are mostly market driven, and more on life goals like retirement, raising kids, home and the like.

Another important point is that a good advisor is someone who charges an adequate commission or fee. An adviser who is not well paid will not give good advice. The advisor will also offset the fees by selling products that may not be suitable for the client.

Investors who pay their advisers well are risking their savings on poor investment services.

A good adviser is someone who takes action for the long term. An advisor who advises you to make short-term bets and always seeks to take advantage of market volatility is, in most cases, bad for you. Advisors who take long-term action are, on average, much better advisors.

A good advisor offers advice beyond investments

He will help you with insurance, taxes, estate and will planning. Look for advisors who are knowledgeable about things beyond investing.

In conclusion, the list above is a great starting point for investors looking for help navigating the world of financial investments.

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Confidence in equipment financing dwindles, again https://premudraja.net/confidence-in-equipment-financing-dwindles-again/ Sat, 14 May 2022 05:00:37 +0000 https://premudraja.net/confidence-in-equipment-financing-dwindles-again/ The Equipment Leasing and Finance Foundation releases a report on business conditions and expectations within the equipment finance industry. ©Gorodenkoff – stock.adobe.com Reports from the Equipment Leasing & Finance Foundation show a declining trend in confidence in equipment financing. Its index, known as Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), was 63.9 in […]]]>

The Equipment Leasing and Finance Foundation releases a report on business conditions and expectations within the equipment finance industry.

©Gorodenkoff – stock.adobe.com

Reports from the Equipment Leasing & Finance Foundation show a declining trend in confidence in equipment financing. Its index, known as Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), was 63.9 in January, 61.8 in February, 58.2 in March and 56.1 in April. This is a decline of 12.2% for the year. The May index report is due out within the next two weeks.

The index aims to gauge business conditions and expectations for the future, based on feedback from equipment finance managers. Such a response came from Jim DeFrank, executive vice president and chief operating officer at Isuzu Finance of America, who said, “There’s a huge pent-up demand for all kinds of products. In transportation, last mile vehicles are in high demand, and we see that continuing for at least 12-18 months. Once the supply chain catches up, we will see some sort of return to normalcy in the equipment finance industry.

When asked to rate their business conditions over the next few months, 14.8% of executives who responded said they believed business conditions would improve over the next four months, down from to 21.4% in March. 63% believe trading conditions will remain the same over the next four months, up from 50% the previous month. 22.2% think business conditions will deteriorate, down from 28.6% in March. Other findings include:

  • 29.6% of respondents believe the demand for leases and loans to finance capital expenditure (capex) will increase in the coming months, up from 25% in March. 55.6% believe demand will “stay the same” over the same period, down from 75% the previous month. 14.8% believe demand will decline, compared to none in March.
  • 22.2% of respondents expect better access to capital to finance equipment acquisitions over the next four months, up from 21.4% in March. 77.8% of executives say they expect the “same” access to capital to fund their businesses, down from 78.6% last month. None expect “less” access to capital, unchanged from March.
  • Surveyed, 40.7% of executives say they expect to hire more employees in the next four months, up from 46.4% in March. 59.3% expect no change in the workforce over the next four months, up from 50% last month. None expect to hire fewer employees, down from 3.6% in March.
  • 14.8% of executives rated the US economy as “excellent”, up from 3.6% the previous month. 74.1% of executives rate the current US economy as “fair,” up from 85.7% in March. 11.1% rate it as “poor”, a slight increase from 10.7% last month.
  • 7.4% of respondents think US economic conditions will improve over the next six months, relatively unchanged from 7.1% in March. 51.9% say they think the US economy will stay the same over the next six months, down from 57.1% last month. 40.7% believe that economic conditions in the United States will deteriorate over the next six months, an increase from 35.7% the previous month. “The Fed’s stated stance of raising rates in an attempt to control inflation will begin to affect the economy. As consumers spend their remaining stimulus funding this year, there will be less money available for discretionary spending, and rapidly rising commodity costs will hurt those at the bottom of the income scale. said Bruce J. Winter, President of FSG Capital. .
  • In April, 29.6% of respondents said they believed their company would increase spending on business development activities over the next six months, up from 42.9% the previous month. 66.7% think there will be “no change” in business development spending, up from 57.1% in March. 3.7% think there will be a decrease in spending, compared to none last month.

Comments from the April 2021 MCI-EFI survey from industry executives:

Independent, short post“The Russian-Ukrainian war will have economic fallout around the world in the short term. James D. Jenks, CEO, Global Finance and Leasing Services, LLC

Independent, Middle Ticket“The Fed’s stated stance of raising rates in an attempt to tame inflation will begin to affect the economy. As consumers spend their remaining stimulus funding this year, there will be less money available for discretionary spending, and rapidly rising commodity costs will hurt those at the bottom of the income scale. . Bruce J. Winter, President, FSG Capital, Inc.

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ASEAN+3 finance chiefs warn of rate hike risk for the region https://premudraja.net/asean3-finance-chiefs-warn-of-rate-hike-risk-for-the-region/ Thu, 12 May 2022 13:10:00 +0000 https://premudraja.net/asean3-finance-chiefs-warn-of-rate-hike-risk-for-the-region/ TOKYO (Kyodo) — Asian finance chiefs on Thursday warned of the “downside risks” of Russia’s invasion of Ukraine to their region’s economic recovery, even as they said they expected that their countries emerge stronger this year from the coronavirus pandemic. The finance ministers and central bank governors of Japan, China, South Korea and the Association […]]]>

TOKYO (Kyodo) — Asian finance chiefs on Thursday warned of the “downside risks” of Russia’s invasion of Ukraine to their region’s economic recovery, even as they said they expected that their countries emerge stronger this year from the coronavirus pandemic.

The finance ministers and central bank governors of Japan, China, South Korea and the Association of Southeast Asian Nations said in a joint statement after an online meeting that they had agreed to deepen regional financial cooperation to deal with the fallout from the conflict between Russia and Ukraine. as well as the pandemic.

In addition to the war, rising food and energy prices “could pose downside risks to the region’s trade and investment, growth and inflation prospects”, said finance officials.

They also cited “stronger-than-expected normalization of monetary policy in some major advanced economies” as another risk for the region, which recorded 6% growth last year, helped by high vaccination rates against COVID-19.

Financial markets and economies have been closely watching rate hikes, which could weaken emerging economies’ currencies and increase some countries’ external debt burdens.

Japanese Finance Minister Shunichi Suzuki told reporters after the conference that the challenges facing Asian economies are mainly caused by the invasion.

“I underlined that the invasion had a serious impact on the global economy by causing energy and food price hikes, supply chain disruption, destabilization of financial markets and increase in the number of refugees,” Suzuki said.

The finance chiefs said in the statement that the uncertainty over the global economy has underscored the importance of strengthening regional financial cooperation through the Chiang Mai Initiative’s multilateralization program.

Under this program, member countries facing short-term liquidity shortages can access a pool of dollars in exchange for their currencies.

The CMIM evolved from the Chiang Mai Initiative, the first regional currency swap agreement launched by the ASEAN plus three countries in May 2000 to prevent a repeat of the 1997 Asian currency crisis.

CFOs welcomed the updated MIMC operational guidelines that added each member’s local currency, other than the dollar, for currency swap agreements.

Earlier today, the finance chiefs of Japan, China and South Korea held a separate virtual meeting and said they “should remain alert” to risks, including uncertainty over the Russian aggression.

They also pledged to continue “to use supportive policy tools to sustain the recovery while preserving monetary and financial stability and long-term fiscal sustainability.”

The 10 members of ASEAN are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

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Columbus small businesses are bouncing back from the pandemic and more financial help is available https://premudraja.net/columbus-small-businesses-are-bouncing-back-from-the-pandemic-and-more-financial-help-is-available/ Tue, 10 May 2022 21:39:00 +0000 https://premudraja.net/columbus-small-businesses-are-bouncing-back-from-the-pandemic-and-more-financial-help-is-available/ COLUMBUS, Ga. (WTVM) — The pandemic has been a time of crisis for many, and small business owners in Columbus were not exempt. The Greater Columbus Chamber of Commerce provided a development update Tuesday, explaining how Fountain City businesses are holding up in the wake of COVID … and what to expect for future projects. […]]]>

COLUMBUS, Ga. (WTVM) — The pandemic has been a time of crisis for many, and small business owners in Columbus were not exempt.

The Greater Columbus Chamber of Commerce provided a development update Tuesday, explaining how Fountain City businesses are holding up in the wake of COVID … and what to expect for future projects.

“A statistic that Uptown Columbus recently provided is that during the pandemic they only lost five businesses,” said Greater Columbus Chamber of Commerce CEO Jerald Mitchell. “It’s quite extraordinary.”

Thanks to the American Rescue Plan (ARP), countless mom and pop shops in Columbus have been able to stay afloat. Nearly $2.5 million has been allocated to the City of Columbus to help small businesses and nonprofit organizations.

Mitchell explained that there is even more money for business owners to take advantage of: “If you are a business on or before March 1, 2019, you are still eligible to submit expenses related to operational modernization. , utilities and rent related to this COVID period.

The cap for small businesses: up to $40,000.

Also helping to keep small businesses afloat: several new developments, like Highside Market, looking for tenants.

A great help in this process: StartUP Columbus, a community incubator.

“For beginners who come here, our hope and desire would be that they start and grow their business here, but of course entrepreneurs will go where their business is needed and be successful wherever they go,” the director said. StartUP Columbus executive Ben MacMinn told News Leader 9.

Of course, things looked different for Start Up Columbus during COVID: virtual meetings and classes were crucial. Even during the pandemic, at least 30 new business owners are graduating from StartUP Columbus’ programs.

Mitchell said some of the objections that are turning business owners, especially large corporations, away from landing in the town of Fountain include proximity to Interstate 85 and the Port Authority of Georgia, as well as lack of large land on which to build.

Mitchell also explained that improving infrastructure and maintaining the special local sales tax on transportation, which features on the main ballot this month, are important to continue attracting business to the area.

Copyright 2022 WTVM. All rights reserved.

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Business news, strategy, finance and company insights https://premudraja.net/business-news-strategy-finance-and-company-insights/ Mon, 09 May 2022 05:20:20 +0000 https://premudraja.net/business-news-strategy-finance-and-company-insights/ Analyst Opinion on Fourth Quarter Earnings National brokerage firm ICICI Securities says RIL delivered strong performance across all segments in the March 2022 quarter. lower margin environment in the petchem segment (OTC segment EBITDA increased 25% YoY annual). Upstream showed moderate QoQ trends, with the removal of the shale segment resulting in a 23% decline […]]]>

Analyst Opinion on Fourth Quarter Earnings

National brokerage firm ICICI Securities says RIL delivered strong performance across all segments in the March 2022 quarter. lower margin environment in the petchem segment (OTC segment EBITDA increased 25% YoY annual). Upstream showed moderate QoQ trends, with the removal of the shale segment resulting in a 23% decline in QoQ EBITDA even as domestic activity remained strong,” the brokerage said in a report.

According to the report, RIL’s retail business was a disappointing QoQ, with higher base and seasonal trends driving a 3% QoQ decline in EBITDA. However, the agency remained confident about the outlook for earnings growth, but remained skeptical of any significant expansion in yield ratios and/or any major moves to return money to shareholders given plans. of “New Energy” investment.

The agency has increased its FY23E/FY24E GRM estimate for RIL by approximately $1 per barrel for each year, given the continued strength in product spreads seen on April 22 and forecasts thereon. “This is offset by minor downward revisions to retail segment estimates, resulting in an EBITDA improvement of almost 1.8%. EPS, however, forecasts a 2.2-2.9% downward revision due to significantly higher capital expenditure than expected, hence higher amortization/interest costs,” it says. -he.

The brokerage reiterated an “ADD” rating, with a target price of ₹2,865 per share from ₹2,960 previously estimated.

YES Securities analysts also recommended “ADD”, with a revised target price of ₹2,840 each, based on sum-of-parts valuation (SOTP), from the current market price of ₹2,620 , a potential upside of 8.5% .

According to YES Securities, RIL’s operating profits were broadly in line with street estimates. The strong year-on-year growth was mainly driven by exceptionally strong refining margins, resulting from the sudden expansion in the spread of HSD (high-speed diesel) cracking following the Russian-Ukrainian conflict. However, the same was partially offset by weaker petrochemical cracks.

Going forward, the agency expects the refining environment to remain strong due to apprehension of a disruption in the supply of refined products from Russia and China, while the environment Petrochemical looks weak primarily due to tepid Chinese demand and firmer naphtha. Additionally, he believes that Telecom ARPU could improve further in FY23, but retail business could be impacted by the current inflationary environment.

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A survivor of human trafficking starts a small business with just $400. https://premudraja.net/a-survivor-of-human-trafficking-starts-a-small-business-with-just-400/ Sat, 07 May 2022 12:00:02 +0000 https://premudraja.net/a-survivor-of-human-trafficking-starts-a-small-business-with-just-400/ It all started with just a few hundred dollars. Entrepreneur Nakia Vestal escaped human trafficking as a teenager and started working in beauty salons and boutiques. After gaining experience and hating his job opportunities, Vestal decided to go into business. In 2017, with $400, Vestal founded DollMaker Lashes, a beauty studio in Houston, Texas that […]]]>

It all started with just a few hundred dollars. Entrepreneur Nakia Vestal escaped human trafficking as a teenager and started working in beauty salons and boutiques. After gaining experience and hating his job opportunities, Vestal decided to go into business.

In 2017, with $400, Vestal founded DollMaker Lashes, a beauty studio in Houston, Texas that offers eyelash extension services. She started small, building her clientele from home. But with perseverance, discipline and faith, Vestal has transformed her business into a full-service lash studio, with her own line of products.

“I started with just a bed of lashes and the tools I needed. And I had no marketing,” she said. “It was all word of mouth. I started from home in my dining room.”

Vestal’s business has been hurt by the economic downturn from the Covid-19 pandemic, but last year it received a $10,000 grant from Verizon’s Digital Ready program, which it attributes to its expansion.

Verizon’s grant helps small businesses impacted by the pandemic, especially in historically underserved communities. Nearly 800 small businesses have received grants of up to $10,000 to help pay for staff, rent and other financial needs.

Here are four tips that have helped Vestal succeed as an entrepreneur:

1. Apply for grants

2. Use social media

According to GlobalWebIndex, 54% of regular Internet users access social networks to research products. And this percentage is only expected to increase.

“Social media is free marketing. You have Facebook, you have Instagram, now you have TikTok. These are free tools you can use to really target the audience you’re trying to get,” Vestal said.

3. Look for free resources

In the digital age, you can find just about anything on the internet – from free courses and advice columns to virtual mentors and networking events.

“There are free resources. Don’t feel like there’s a dumb question,” Vestal said. “You really have to talk and you have to look for it.”

4. Stand out

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Data Knights Acquisition Corp. confirms financing to extend the completion period of the initial business combination https://premudraja.net/data-knights-acquisition-corp-confirms-financing-to-extend-the-completion-period-of-the-initial-business-combination/ Thu, 05 May 2022 21:15:00 +0000 https://premudraja.net/data-knights-acquisition-corp-confirms-financing-to-extend-the-completion-period-of-the-initial-business-combination/ LONDON, UK / ACCESSWIRE / May 5, 2022 / Data Knights Acquisition Corp. (“Data Knights” or the “Company”) (NASDAQ:DKDCA)(NASDAQ:DKDCW), a special purpose acquisition company, today announced the deposit of a total of $1,150,000 into the Company’s trust account for its public shareholders, representing $0.10 per public share, which allows the Company to extend the period […]]]>

LONDON, UK / ACCESSWIRE / May 5, 2022 / Data Knights Acquisition Corp. (“Data Knights” or the “Company”) (NASDAQ:DKDCA)(NASDAQ:DKDCW), a special purpose acquisition company, today announced the deposit of a total of $1,150,000 into the Company’s trust account for its public shareholders, representing $0.10 per public share, which allows the Company to extend the period it has to complete its initial business combination by three months from May 11, 2022 to August 11, 2022 (the “Extension”). The extension is the first of up to two three-month extensions permitted under the company’s incorporation documents.

The extension provides the Company with additional time to complete its initial business combination (the “Business Combination”) with OneMedNet Corporation, a Delaware corporation (“OneMedNet”), previously announced by the Company and OneMedNet on April 25 2022.

About Data Knights Acquisition Corp.

Data Knights Acquisition Corp. is a blank check corporation formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities technology or software.

About OneMedNet Corporation

Founded in 2009, OneMedNet provides innovative solutions that unlock the significant value contained in healthcare providers’ clinical image archives. Using its proven OneMedNet iRWD™ solution, OneMedNet anonymizes, searches and securely maintains an archive of data locally, providing providers with a wealth of internal and third-party research opportunities. By leveraging this extensive network of federated providers, along with industry-leading technology and in-house clinical expertise, OneMedNet successfully meets the most rigorous requirements of RWD Life Science.

Caution Regarding Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements may include, but are not limited to, statements regarding (i) real-world medical data industry trends, including changes in United States and state laws, regulations, and guidelines relating to OneMedNet products and services; (ii) OneMedNet’s growth prospects and OneMedNet’s market size; (iii) OneMedNet’s projected financial and operational performance, including relative to its competitors; (iv) new product and service offerings that OneMedNet may introduce in the future; (v) the potential transaction, including the implied enterprise value, the expected ownership structure after closing and the likelihood and ability of the parties to complete the potential transaction; (vi) the risk that the proposed business combination will not be completed in a timely manner or at all, which could adversely affect the price of Data Knights’ securities; (vii) failure to satisfy the conditions to the completion of the proposed business combination, including the approval of the proposed business combination by the shareholders of Data Knights Acquisition Corp. ; (viii) the effect of the announcement or expectation of the proposed business combination on the business relationships, performance and business of Data Knights or OneMedNet generally; (ix) the outcome of any legal proceedings brought against Data Knights or OneMedNet related to the proposed business combination or any related agreement; (x) the possibility of maintaining the listing of Data Knights on the Nasdaq; (xi) the price of Data Knights securities, including volatility resulting from changes in the competitive and regulated industry in which OneMedNet operates, variations in performance among competitors, changes in laws and regulations affecting OneMedNet’s business and changes in the combined capital structure; (xii) the ability to implement business plans, forecasts and other expectations after completion of the proposed business combination and to identify and realize additional opportunities; and (xiii) other statements regarding Data Knights’ or OneMedNet’s expectations, hopes, beliefs, intentions and strategies regarding the future.

In addition, any statement that refers to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, is a forward-looking statement. it uses the words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “prospect”, “may”, “might” , “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, therefore, are subject to risks and uncertainties.

You should carefully consider the risks and uncertainties described in the “Risk Factors” section of Data Knights Acquisition Corp.’s registration statement. on Form S-1, any proxy statement relating to the transaction, which should be filed by Data Knights Acquisition Corp. Corp with the SEC, other documents filed by Data Knights Acquisition Corp from time to time with the SEC, and all risk factors made available to you in connection with Data Knights Acquisition Corp., OneMedNet and the transaction. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond the control of OneMedNet and Data Knights Acquisition Corp.) and other assumptions, which may cause actual results or performance to differ materially from those expressed or implied. by these forward-looking statements.

contacts:
Contact Investor
Shannon Devine
MZ Group North America
203-741-8811
OMN@mzgroup.us

THE SOURCE: Data Knights Acquisition Corp.

See the source version on accesswire.com:
https://www.accesswire.com/700359/Data-Knights-Acquisition-Corp-Confirms-Funding-to-Extend-Period-to-Consummate-Initial-Business-Combination

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