Cottonelle flushable wipes sold at Costco recalled for potential bacterial contamination 2020/10/10 00:12:41 CTV News
Personal care manufacturer Kimberly-Clark has recalled some of its Cottonelle Flushable Wipes, sold in the U.S. and Canada, due to a potential bacterial contamination.
Kimberly-Clark to Webcast Third Quarter 2020 Earnings Conference Call 2020/10/08 14:00:00 PR Newswire
DALLAS, Oct. 8, 2020 /PRNewswire/ -- Kimberly-Clark Corporation (NYSE: KMB) will webcast a discussion of its third quarter 2020 results at 9 a.m. CDT on Thursday, October 22. Kimberly-Clark's Chairman and CEO Mike Hsu and Senior Vice President and CFO Maria Henry will participate in the…
Kotak Securities sees contra opportunity in this falling sector 2020/10/08 09:01:36 Economic Times India
Brokerage firm Kotak Securities sees a contrarian opportunity in banking stocks despite uncertainties in the form of potential non-performing assets (NPA) and weak lending growth.It believes that investors can take 2-3 years of contra view on the sector. “One should keep accumulating banking stocks in every decline. It can provide good returns in the next 2-3 years. The average one-year upside of 18 banks that we cover works to 50 per cent,” Kotak Securities said, adding that the Nifty Bank index is trading near its lowest valuation band.Of late, rating agency ICRA has revised its credit growth outlook down for banks to 2-3 per cent for the current fiscal and said the coronavirus pandemic-driven stress may leave 3.1-3.7 per cent of assets into a bad loan list by March. Earlier, it had forecast credit growth for banks at 6-7 per cent.Majority of banking players have failed to deliver a positive return to investors in 2020 so far. The Nifty Bank index has cracked nearly 29 per cent YTD with IndusInd Bank falling the most at 59 per cent.It was followed by RBL Bank (down 49 per cent), State Bank of India (down 43 per cent).
Kimberly-Clark Names Sandi Karrmann as Chief Human Resources Officer 2020/10/07 13:15:00 PR Newswire
DALLAS, Oct. 7, 2020 /PRNewswire/ -- Kimberly-Clark Corporation (NYSE: KMB) today announced that Sandi Karrmann will join the company as Senior Vice President and Chief Human Resources Officer, effective October 26, 2020. Karrmann will have global responsibilities for the human resources…
Split Ninth Circuit Panel Vacates $24M Judgment In Hospital Gown Advertising Class Action - Litigation, Mediation & Arbitration - United States 2020/10/07 12:38:02 Mondaq
A split Ninth Circuit panel recently overturned a $24 million judgment in a class action lawsuit against Kimberly-Clark and its spinoff, Halyard Health.
Sensex crashes 667 points, Nifty closes below 10,900-mark 2020/08/03 23:30:00 The Financial Express
Kotak Mahindra Bank was the top loser in the Sensex pack by slumping 4.41%, followed by IndusInd Bank, Axis Bank, ONGC, HDFC Bank, Bajaj Auto and Reliance Industries.
Sensex, Nifty extend losing streak to four days; RIL, HDFC Bank, Kotak Mahindra Bank drag indices down 2020/08/03 10:32:00 The Financial Express
Domestic benchmark indices Sensex and Nifty nose-dived on Monday as they carried in their losing streak for a fourth consecutive trading session.
ABSL Frontline Equity MF: Turnaround needed 2020/08/03 01:00:00 Economic Times India
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.How the fund has performed 77300193Where the fund invests 77300207Basic factsDate of Launch: 30 AUG 2002Category: EquityType: Large CapAUM (AS ON 30 JUN 2020): Rs 16,661.85 croreBenchmark: Nifty 50 Total Return IndexWhat it costsNAV (AS ON 28 JUL 2020)Growth option: Rs 212.56Dividend option: Rs 23.23Minimum investment: Rs 100Minimum SIP amount: Rs 100Expense ratio (As on 30 JUN 2020) (%): 1.85Exit load: 1% for redemption within 365 daysFund managerMahesh Patil; Tenure: 14 years, 7 monthsTop 5 sectors in portfolio (%) 77300223Top 5 stocks in portfolio (%) 77300236Recent portfolio changesNew Entrants: Bharat Petroleum Corp, Cadila Healthcare, HDFC Life Insurance Co, SBI Life Insurance Company (June)Complete Exits: Adani Ports and SEZ, Bandhan Bank, Max Financial Services (May), Hero Motocorp, SBI Cards (June)Additions: Bharti Airtel, Eicher Motors, Hindustan Unilever, ICICI Lombard General Insurance, ICICI Prudential Life Insurance, Indusind Bank, ITC, Kotak Mahindra Bank, Ultratech Cement (June)How risky is it? 77300246Source: Value ResearchShould you buy?This fund has endured a torrid time in past few years, underperforming its index and many of its peers.
Bandhan Bank set to raise up to Rs 10,500 cr 2020/08/02 16:46:10 Economic Times India
Promoters of Bandhan Bank are set to raise about Rs 10,500 crore by selling shares in the secondary market on Monday, translating into a transaction price that amounts to about 10% less than the stock’s closing price Friday.Bandhan Financial Holdings, a promoter group entity, will sell close to a 20% stake in the deal, according to the terms of the transaction seen by ET.Bandhan will sell 337.4 million shares in the open market and has set a floor price of Rs 311 per share.JP Morgan, Credit Suisse and Goldman Sachs are running the formal process to sell the shares, as per the terms sheet.Bandhan Bank did not reply to ET’s query, sent at a short notice.The transaction is aimed at reducing the promoter holding to comply with the central bank regulations, a source said.The promoter holding is currently at 60.95%. Last year, the central bank did not allow Bandhan Bank to open new branches, citing the promoter ownership threshold applicable to banks. The central bank also ordered a freeze on the salary of the managing director and CEO, Chandra Shekhar Ghosh.The bank has about 1,100 branches and its expansion is linked to the end to the regulatory bar.The RBI’s bank licence rules state that promoters of private banks should cut their shareholding to 40% within three years and 20% in 10 years.
6 most valued cos lose Rs 1.38 lakh cr in market valuation 2020/08/02 04:56:28 Economic Times India
NEW DELHI: Six of the 10 most valued companies witnessed a combined erosion of Rs 1,38,839.83 crore in their market valuation last week with Reliance Industries and HDFC Bank emerging as major losers.During the last week, Sensex fell 522.01 points or 1.36 per cent.The market valuation of Reliance Industries Limited (RIL) plunged by Rs 50,239.78 crore to Rs 13,10,323.21 crore.HDFC Bank's valuation tanked Rs 46,374.63 crore to Rs 5,67,877.74 crore.The market capitalisation of ICICI Bank eroded by Rs 22,631.74 crore to Rs 2,24,659.85 crore and that of HDFC dipped Rs 10,078.06 crore to Rs 3,09,254.09 crore.ITC's valuation declined by Rs 6,815.12 crore to Rs 2,38,660.74 crore and that of Bharti Airtel dipped Rs 2,700.5 crore to Rs 3,02,701.60 crore.In contrast, the market valuation of Tata Consultancy Services (TCS) jumped Rs 47,054.91 crore to Rs 8,56,463.05 crore.Infosys added Rs 18,591.83 crore to its valuation that stood at Rs 4,11,554.51 crore while Kotak Mahindra Bank's m-cap rose by Rs 3,481.72 crore to Rs 2,70,600.52 crore.