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10.01 / 15:25
COST Booking DOW CEO Trade International Walgreens tops Wall Street's expectations as drugstore chain continues turnaround plan
Walgreens booked a better-than-expected fiscal first quarter, but the drugstore chain lost $265 million as it closed U.S. stores and continued work to revive its business
10.01 / 15:07
markets Target Digital Strategy PAM International Iran has simply mastered the art of drone making: Country's powerful army unveils loitering drone that can decimate targets within 20 minutes
IRGC) has unveiled the Rezvan which is a sophisticated loitering munition drone during its Great Prophet 19 military exercise, reported Iran International. The drone actually demonstrates Iran's advanced military technological capabilities and strategic positioning in the region. According to Iran International, the Rezvan features remarkable specifications which include a 20 kilometer range and 20 minute operating time. Starting with its launch from a cylindrical container, the suicide drone eventually transmits live video to operators while enabling precise target selection and engagement. IRGC Ground Forces Commander Mohammad Pakpour claimed recent successful simulated attacks against hypothetical enemies during the exercise.
10.01 / 15:07
markets Provident Digital Strategy Experts PAM Awfis Space Solutions leases 1.97 lakh sq ft office space in Pine's Kharadi
Flexible office provider Awfis Space Solution has picked up an office space over more than 197,000 sq ft in a commercial complex in Pune’s Kharadi locality through a long-term lease of over five years. The company will be paying rentals of Rs 18 per sq ft a month during the fit-out period of initial three months starting from the license commencement date of January 1. The lease rentals during the rest of the term will be based on the profit share and minimum guarantee agreement between the company and the project’s developer.
10.01 / 15:07
markets Digital Williams Strategy Experts PAM reports Prince William begins flexing his royal muscles; as his ascension to the throne nears, he is seizing more power from his cancer-stricken father, King Charles
Prince William has started to show off his regal prowess. As he approaches his throne ascension, the 42-year-old Prince of Wales is reportedly seizing more authority from his cancer-stricken father, King Charles. William, the heir apparent to the throne, is reportedly making a number of important decisions regarding the firm's long-term prospects. Declaring his estranged brother Prince Harry and his wife Meghan Markle to be personae non gratae is one of those. The same is true for Prince Andrew, his scandal-plagued uncle, according to InTouch.
10.01 / 15:07
markets COST Digital Gap Strategy Experts PAM Difficult to lower interest rates below 20% without access to cheaper funds: MFI heads
microfinance institutions (MFIs) on Friday said that it would be difficult for them to lower interest rates unless they have access to cheaper sources of funds which can be ensured by a dedicated credit guarantee scheme, refinance facility or interest subvention. The rates charged by microfinance lenders have always been a contentious issue and have again come under regulatory glare following an increase in defaults seen in the sector. Most lenders charge between 21% and 24% a year. The Department of Financial Services at a meeting with MFI heads earlier this week urged them to reduce rates to make the loans viable for borrowers. «Given the cost structure, it would be difficult for NBFC-MFIs to reduce rates below 20%,» said Sadaf Sayeed, chief executive at Muthoot Microfinance.
10.01 / 15:07
markets Reuters Strategy Trade War PAM reports Gold price: Gold rate to surge due to Donald Trump's Inauguration?
Gold prices scaled a four-week peak on Friday and were set for their best week in seven, driven by safe-haven demand amid uncertainty over what policies U.S. President-elect Donald Trump will pursue, while markets awaited jobs data for clues on the trajectory of U.S. interest rates, as per a report. Spot gold climbed 0.4 per cent to $2,679.65 per ounce, as of 1250 (GMT) after hitting its highest level since December 13 earlier in the session. Prices have risen by more than 1 per cent this week. U.S. gold futures rose 0.6 per cent to $2,707.00, Reuters reported. The most bullish outcome for gold is the narrative of ballooning fiscal deficits and unsustainable debt weighing on the U.S. dollar in the longer term and causing doubts about its role as the world’s reserve currency, said Carsten Menke, analyst at Julius Baer, according to Reuters report.
10.01 / 15:07
markets WhatsApp show reports US smallcap index Russell 2000 plunges 10% from 2021 highs as rate-cut hopes fade
Federal Reserve following a robust jobs report. The benchmark index fell 1.9% to 2197.7 points, down more than 10% from its all-time closing high of 2442.74 points hit in November 2021.
10.01 / 15:07
markets Provident security Analysis Trade Experts prevention FPIs: Sebi plans hiking threshold to Rs 50,000 cr for making granular disclosures
portfolio investors to make granular disclosures about their investors holding any ownership or economic interest. At present, certain foreign portfolio investors (FPIs) with equity assets under management (AUM) exceeding Rs 25,000 crore are required to provide granular details of all their investors or stakeholders on a look-through basis. The norms are aimed at preventing the possible round-tripping by certain promoters using the FPI route.
10.01 / 15:07
markets Reuters Analysis Trade President Experts Oil jumps over 4% to above $80 on concern over more sanctions on Russia
Brent crude futures gained $3.50, or 4.6%, to $80.42 a barrel by 1422 GMT, reaching $80 a barrel for the first time since Oct.7. U.S. West Texas Intermediate crude futures advanced $3.57, or 4.8%, to $77.49.
10.01 / 15:07
markets UPS security Analysis Enterprise Trade International Adani Group raises Rs 4,850 cr from sale of 13.5% stake in Adani Wilmar
Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business. The conglomerate, which last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner, had on Thursday announced sale of 17.54 crore shares (13.50 per cent equity) in the company on January 10 (to non-retail investors) and on January 13 (to retail investors) at a floor or minimum price of Rs 275 apiece. The offer for sale (OFS) included an option to additionally sell up to 8.44 crore shares, or 6.50 per cent equity.
10.01 / 14:21
markets Research reports International Aviva Investors strengthens leadership team with head of fixed income research hire
In her new role, Bal will be based in London and will be responsible for leading the Aviva research team across global fixed income markets. She will report to Fraser Lundie, global head of fixed income, who joined Aviva in May last year from Federated Hermes. Richard Saldanha returns to Aviva Investors after three week stint at Royal London AM Before joining Aviva, Bal had worked at Fidelity International between 2010 and 2024, most recently serving as global head of research for fixed income. She had also worked as an analyst for PIMCO and CreditSights. Lundie welcomed Bal ...
10.01 / 14:21
Sustainability Continental stars Square Mile suspends Ninety One and RGI fund ratings amid merger vote and manager departure
In its Ratings Round-Up for December, Square Mile analysts argued that Ninety One UK Sustainable Equity is highly likely to be rolled over into the Ninety One Global Sustainable Equity fund. For this reason, the team has decided to suspend its ‘Responsible A' rating pending the vote outcome. «Should the merger gain approval, the fund will be removed from the Academy of Funds,» Square Mile stated. GAM Star Continental European Equity fund stripped of Square Mile rating amid Niall Gallagher departure Shareholders have until 13 January to cast their vote for the merger proposal, wi...
10.01 / 14:21
markets Provident Sustainability gatherings Popularity of SDR 'Sustainability Focus' grows as two Aegon AM funds adopt label
The label will be applied to the Aegon Sustainable Diversified Growth and Aegon Sustainable Equity funds from the end of March 2025. Miranda Beacham, head of responsible investment at Aegon Asset Management UK, said: «We are very pleased to see SDR is gathering momentum in providing greater clarity and confidence in the market for our clients and look forward to adopting the new labels for our funds.» Aegon AM's Miranda Beacham: FCA should create SDR label for ethical funds The firm clarified, however, that its Ethical Equity, Ethical Corporate Bond, and Ethical Cautious Managed fu...
10.01 / 14:21
Citi Diversity track Diversity Project eyes expansion of Pathway Programme into the US in 2026
At the launch event on Thursday (9 January) attended by Investment Week, chair Helena Morrissey revealed the third iteration of the programme will also see the first cohort training to become traders. Ten members of the 2025 cohort will be aided by four senior traders in the City to help with the training and curriculum. Diversity Project launches third Pathway Programme with track for traders Around 240 women have taken part in the programme since its inception when including the current cohort, Morrissey noted, with 60 in 2023 and 80 in 2024. Speaking to IW, Morrissey pointed ...
10.01 / 14:21
Strategy Trade Herald investment trust hits back at Saba over proposed cash exit strategy
Earlier today (9 January), Saba said it would «encourage the new board to offer all shareholders a 100% cash exit at 99% of net asset value, if they wish», which is almost in line with the price at which Herald shares are currently trading.  Saba added that it would «support further changes so this cash exit would be overseen by a fully independent board and would not expect it to occur for at least a year thereafter, ensuring portfolio value is maximised». Saba to offer exit strategy for Herald investment trust shareholders if vote passes However, Herald hit back at the New York h...
10.01 / 14:21
Strategy Apple performer stage Latin information Fundsmith Equity fund sells long-term holdings in Diageo and Apple in 2024
In the fifteenth annual letter to his clients, Terry Smith, the manager of the £22.7bn Fundsmith Equity strategy, said the fund disposed of its holdings in Diageo, «which we had owned since inception». This came following «problems with [Diageo's] new management, shown by a lack of information about its Latin American business», Smith said, which resulted in poorer performance compared to the sector in this area. Fundsmith's profit decline forces Terry Smith to take second pay cut «Moreover, we suspect the entire drinks sector is in the early stages of being impacted negatively by ...
10.01 / 14:21
COST UPS cover UK gilt yields creep up to 2008 levels as Reeves heads to China
Chancellor Rachel Reeves was criticised for being «missing in action» as she flew to Beijing for meetings with Chinese government officials and businesses on Thursday (9 January), leaving Treasury secretary Darren Jones to face questions in parliament over surging borrowing costs and demands for spending cuts. Analysts split over Reeves' culpability in UK gilt chaos as US bonds follow suit Jones defended his boss to the Commons and told the House she would not break her promise to borrow money only for investment, or to cover day-to-day spending. Long-term yields on UK government d...
10.01 / 14:03
markets Election President Department Courts Donald Trump's legal trouble! Details of 6 cases that make headlines ahead of Inauguration Day 2025
Donald Trump's in his New York criminal case on Friday closes out a series of prosecutions that he largely beat by retaking the U.S. presidency, though he is still fighting to avoid paying hundreds of millions of dollars for losses in civil lawsuits, Reuters reported. Full list of cases against President-elect Donald Trump and status ahead of January 20 Inauguration. New York Hush Money Case
10.01 / 14:03
Man Remark WhatsApp Podcasts Damage control after proclaiming himself non-biological: Jairam Ramesh on PM's 'I am a human' remark
Narendra Modi said in a podcast that he is human and not god and can commit mistakes, Congress leader Jairam Ramesh Friday took a swipe at him saying he is doing damage control now after he proclaimed himself as "non-biological". Modi in his first podcast hosted by Zerodha co-founder Nikhil Kamath, said it has been his life's mantra that he may make mistakes but he will not do anything wrong out of bad intentions. «This from a man who proclaimed his non-biological status just eight months back. This is clearly damage control,» Ramesh said in a post on X.
10.01 / 14:03
WhatsApp evacuation PFC Consulting transfers Kudankulam project SPV to PGCIL
PFC Consulting has transferred a project special purpose vehicle (SPV) to Power Grid Corporation of India Ltd for Rs 7.43 crore. The SPV, Kudankulam ISTS Transmission Ltd is established for evacuation of power from Kudankulam Unit — 3 & 4 (2x 1000 MW), a regulatory filing said. Kudankulam ISTS Transmission is a wholly-owned subsidiary of PFC Consulting Ltd. The process for sale and transfer of the SPV to the successful bidder (PGCIL) was completed on January 10, 2025.

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