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Appreciate Group Appoints Director of Finance Talha Ahmed as Interim CFO

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Appreciate Group Appoints Director of Finance Talha Ahmed as Interim CFO

By Joe Hoppe

Recognize Group PLC stated Wednesday that director of finance Talha Ahmed will tackle the position of interim chief monetary officer with instant impact.

The present card and rewards firm stated Mr. Ahmed will report back to the board however will not be appointed as a statutory board director. Mr. Ahmed joined Recognize in November as director of finance, and had beforehand spent greater than 15 years working in skilled providers companies with expertise in 4 nations, the corporate stated.

Present CFO Tim Clancy stated on April 28 that he would go away to take up a task exterior the corporate. Mr. Clancy will go away later in July and can work with Mr. Ahmed to handover obligations.

The method to pick a everlasting CFO is beneath approach, Recognize stated.

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“Talha is a valued member of the finance crew and we now have full confidence that he’ll show to be a superb interim CFO, because the group continues to deal with sustained progress following final week’s announcement of constructive outcomes for fiscal 2022,” Chief Govt Ian O’Doherty stated.

Write to Joe Hoppe at joseph.hoppe@wsj.com

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Bengaluru Woman Turns Apartment Hunt Into Comic Gold Using 'Man In Finance' Trend

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Bengaluru Woman Turns Apartment Hunt Into Comic Gold Using 'Man In Finance' Trend

The video has garnered over 140,000 views.

A Bengaluru resident named Neha has found a unique way to find a new apartment: by using a viral TikTok trend. Neha created a video using the music from the song “Man In Finance” by TikTok creator Megan Boni. Boni’s song lists qualities she wants in a partner, but Neha changed the lyrics to reflect what she wanted in an apartment, including features like being furnished, having two rooms, and having a balcony. 

The caption shared along with the video read, “Desperate times call for desperate measures. So here’s my take on the trend.”

Watch the viral video here:

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Neha’s creative reinterpretation of the original song lyrics has generated significant buzz on social media. The video has amassed over 140,000 views and garnered a wide range of reactions in the comment section.

“This is tougher than finding “finance, trust fund, 6’5, blue eyes,” commented a user.

“I might as well buy one in Mysore. It’s almost the same time to commute if you have one in Electronic City,” wrote another user.

“Bengaluru is like a galaxy. You have to mention which part of the galaxy you are looking at; prices fluctuate accordingly,” commented a third user.

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Presidential elections influencing financial strategies, economic forecasts for US – Times of India

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Presidential elections influencing financial strategies, economic forecasts for US – Times of India
NEW DELHI: The main focus of the US economy has shifted to the 2024 presidential election, as central banks are cutting rates and politicians are spending more, creating optimism for the election year.
According to a report by Saxo, an investment bank, on the Quarterly Outlook for Q2 2024 of the US economy, the economic data is strong in the first quarter but signs of weakness are emerging.
“US economic data has been strong in the first quarter, but signs of weakness are emerging, potentially marking a turning point for the US economy,” the report notes.
A recurring theme in the report is the significant impact of the 2024 US election on investor sentiment and market behaviour. The election is not only dominating headlines but also influencing financial strategies and economic forecasts.
The report points out that the US government’s substantial debt issuance since 2022, amounting to USD 3 trillion, has resulted in only USD 2.4 trillion in nominal GDP growth. While this strategy has prevented an official recession, it has not led to sustainable economic growth, raising concerns about the long-term health of the economy.
The report emphasizes the importance of developments in central bank policies, commodity markets, and currency dynamics, which are expected to impact investment strategies in the coming months. As central banks consider rate cuts and adjustments to their balance sheets, the report urges investors to navigate the evolving market conditions strategically.
“A slowdown in economic growth and a gradual decrease in inflation will give central banks the opportunity to dial back on their tight monetary policies and implement rate cuts as soon as in the second quarter of the year, building the case for a portfolio’s extension in duration,” the report states.
The report identifies opportunities in sectors like energy, healthcare, and financials but also warns of risks in the technology and real estate sectors.
According to the report, the convergence of generative AI and innovative obesity drugs has sparked significant interest, leading to speculative investments and driving companies like Nvidia and Novo Nordisk to new heights.
Despite this, the report advises investors to remain cautious as the inflated equity valuations could result in lower returns moving forward.
The election remains a crucial factor, with central banks ready to cut rates at any sign of weakness and politicians eager to spend, creating an environment ripe for “better-than-expected” economic data, which fuels election-year optimism.
Despite the government’s significant debt issuance, which has maintained a perception of positive economic data, the report states that the lack of long-term economic expansion is a concern.
The report also highlights the need for prudent decision-making to effectively navigate the complexities of the Q2 2024 market environment.

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Marshall Wace sells Rs 394-crore worth Shriram Finance shares

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Marshall Wace sells Rs 394-crore worth Shriram Finance shares
MUMBAI: Marshall Wace Investment Strategies-Eureka Fund sold shares of Shriram Finance worth 394 crore in a bulk deal on NSE on Friday. The hedge fund sold 1.4 million shares at 2684.3 apiece. BNP Paribas Financial Markets was a buyer in the deal. Shares of Shriram Finance gained 1.75% to close at 2,731.3 on Friday and are up 17.8% in the last one month.

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