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Kaya shares surge 10% after it announces collaboration with Marico

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[hfe_template id='11223'] [ad_1] Shares of Kaya jumped 10% to a high of Rs 501.45 on BSE after the company announced its collaboration with FMCG major Marico to scale up its play in advanced science backed personal care.“Marico Limited, one of India’s leading FMCG companies, and Kaya Limited, a renowned dermatological solutions provider, today announced that they will collaborate, with Marico exclusively handling sales and marketing of Kaya’s range of 75+ efficacious science-based personal care products outside of Kaya’s clinics,” said the company in a filing to the stock exchanges. This collaboration is aimed at leveraging the established expertise and capabilities of both companies and unlocking the untapped growth potential of the brand by enhancing its presence and accessibility across markets and channels. “We are very excited to collaborate with Marico, which will help us enhance our visibility and reach through their already established distribution and marketing ...

ESG fund managers in US see worst quarterly outflows

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[hfe_template id='11223'] [ad_1] US fund managers suffered their worst-ever quarter for ESG-focused products as the pace of client redemptions intensified. Client withdrawals from US funds targeting environmental, social and governance goals reached $8.8 billion in the first three months of 2024, according to fresh data compiled by Morningstar. . That stood in stark contrast to the roughly $11 billion of inflows into ESG funds in Europe, where sustainable investing regulations are far more entrenched. It's the latest sign that US investors are turning their backs on the investment strategy, which has been targeted by high-profile Republicans as "woke" and anti-American in its design. At the same time, many core ESG industries such as wind and solar have suffered setbacks, leading to poor returns and further alienating many investors. "Sustainable funds have been facing many headwinds in the past couple of years, including elevated energy prices, high i...