Author: Sharemarketnews

Justin Sullivan/Getty Images News McCormick & Company (NYSE:MKC) shares fell sharply on Wednesday after reporting disappointing earnings and pulling in full-year outlook. For its fiscal second quarter, the company reported non-GAAP EPS of $0.48, missing estimates by a wide margin, and a surprise decline in revenue to $1.54B. Much like many of its peers in consumer staples, the Baltimore-based spice giant reported higher material and transportation cost inflation. However, the company indicated it could not fully offset these impacts via price increases, causing margins to fall 550 basis points from the prior year. “We are currently navigating a challenging global…

Read More

21Shares, a global issuer of crypto exchange-traded products (ETP), is taking action to respond to the current bear market by launching crypto winter-focused investment tools.The company has rolled out the 21Shares Bitcoin Core ETP (CBTC), an ETP specifically designed to offer low-cost exposure to Bitcoin (BTC) am to the ongoing market sell-off.The physically-backed Bitcoin ETP started trading on the SIX Swiss Exchange on June 29, with a total expense ratio of 21 basis points, selected to reflect the 21 million cap on Bitcoin. According to the firm, CBTC’s ratio is 44 basis points below the next lowest product on the…

Read More

Michael Saylor, CEO of MicroStrategy, announced the company has purchased an additional 480 BTC for its treasury holdings.The company now holds a total of 129,699 BTC with a total cost basis of $3.8 billion.Saylor recently provided a list of 10 things bitcoins needs to become a stronger asset.Michael Saylor, CEO of Bitcoin bull company MicroStrategy, announced the firm purchased an additional 480 BTC for $10 million, with an average cost of $20,817 per bitcoin. The software analytics company now holds 129,699 BTC with a $30,664 average price – noting a $3.8 billion cost basis. However, the current bitcoin holdings in…

Read More

Home » Deals » Paper Mate Pink Pearl Erasers, 12 Count only $5.96! Published: by Gretchen on June 29, 2022  |  This post may contain affiliate links. Read my disclosure policy here. Here’s a great deal on Paper Mate Pink Pearl Erasers! Amazon has this Paper Mate Pink Pearl Erasers, Large, 12 Count for only $5.96 right now! Great stock up price! Sign up for a free trial of Amazon Prime to get free two-day shipping (and possibly one-day or same-day shipping!) with no minimum. And don’t forget you can sign up for Swagbucks to earn free gift cards to use on…

Read More

In a first, the Department of Telecommunications (DoT) has released new guidelines for spectrum leasing and practices for development of captive private 5G networks. The idea is to make it easier to utilise 5G airwaves for development of use cases such as machine-to-machine communications, artificial intelligence (AI), internet of things (IoT), etc. According to the requirements for captive non-public networks (CNPN), companies that want to buy spectrum directly from the government need to obtain a free 10-year renewable licence. However, only businesses with a net worth of at least Rs 100 crore will be qualified to set up private 5G…

Read More

New show Mithai is an amalgamation of a love story and a family drama, all tied together inside a wonderful box of traditional Indian sweets. It follows the story of two polar opposite personalities – Mithai (Debattama Saha) and Siddharth (Aashish Bhardwaj). The show delves into the life of a gifted sweet maker based in Mathura who wants to preserve the legacy of Aloo Jalebis that she has inherited from her father but is now, unfortunately, on the verge of extinction. While the show has started off well and is being appreciated by the audience.  While all the actors are…

Read More

Reserve Bank of India RBI/2022-23/78DOR.STR.REC.51/21.04.048/2022-23 June 28, 2022 All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative BanksAll Local Area Banks and Regional Rural BanksAll All-India Financial InstitutionsAll Non-Banking Financial Companies Provisioning Requirement for Investment in Security Receipts (SRs) Please refer to clause 77 of the Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021 (“MD-TLE”). 2. In order to provide a glide path to the entities which were kept out of the ambit of circular “Guidelines on Sale of Stressed Assets by Banks” dated September 1, 2016and ensure smooth implementation of clause 77 of the MD-TLE,…

Read More

Order under Section 119 of the Income-tax Act, 1961 states that Section 44AB of the Income-tax Act, 1961 (‘the Act’) read with rule 6G of the Income-tax Rules, 1962 (‘the Rules’) requires specified persons to furnish the Tax Audit Report along with the prescribed particulars in Form No. 3CD. The existing Form No. 3CD was amended vide notification no. GSR 666(E) dated 20th July, 2018 with effect from 20th August 2018. However, the reporting under clause 30C and clause 44 of the Tax Audit Report was kept in abeyance till 31st March, 2019 vide Circular No. 6/2018 dated 17.08.2018, which…

Read More

Bitcoin fell below $20,000 during Wednesday’s session, as markets reacted to yesterday’s weaker-than-expected consumer confidence report. The expectation for economic growth also fell to a nine-year low. This resulted in ETH also dropping, with prices hitting a six-day low. Bitcoin The world’s largest cryptocurrency fell below $20,000 on hump day, as traders reacted to Tuesday’s consumer confidence report. Figures from the Conference Board showed that its index went from 103.2 in May, to 98.7 during June. As a result of weakening expectations for economic growth, traders were anxious on Wednesday, resulting in many liquidating positions in crypto. BTC/USD – Daily…

Read More

A two-day meeting of the panel considered a report of the GoM but deferred a decision as Goa and some others wanted to make more submissions A two-day meeting of the panel considered a report of the GoM but deferred a decision as Goa and some others wanted to make more submissions The GST Council on Wednesday deferred decision on levying a 28% tax on casinos, online gaming, horse racing and lottery pending more consultations with stakeholders, Union Finance Minister Nirmala Sitharaman said.A group of ministers headed by Meghalaya Chief Minister Conrad Sangma has been asked to consider submissions of…

Read More