City Boston Financial News
07.12 / 10:35
Williams
Align
Sustainability
Remark
awards
Celebrity
Royal Family
Features
Princess Diana’s prized necklace, worth Rs 150 crore, now adorns Kate Middleton’s neck
Duchess of Cambridge, has paid a heartfelt tribute to Princess Diana's enduring legacy by inheriting a remarkable collection of jewels. Among these treasures is a stunning emerald and diamond choker valued at INR Rs 14.56 crore (approximately £16 million). Originally a wedding gift from Queen Elizabeth to Princess Diana in 1981, the necklace was given to Diana on a lifetime loan. Now, this exquisite heirloom has been passed down to Kate, who has embraced its history with grace. Kate, celebrated for her impeccable style, honored the piece by wearing it during the 2022 Earthshot Prize Awards. Paired with a rented off-the-shoulder dress from Solace London, the choker became a centerpiece of her ensemble, perfectly aligning with the event’s sustainable fashion theme. The necklace, featuring dazzling emeralds and diamonds weighing approximately 10 carats each, is now estimated to be worth INR 150 crore (about $20 million). Throughout her time in the Royal Family, Kate has subtly incorporated Princess Diana’s iconic fashion elements into her wardrobe, from her engagement ring to other jewelry pieces. Her choices are not only tributes to Diana but also to Queen Elizabeth II, whom she honored during the 2022 Remembrance Sunday service by wearing sentimental earrings. Following Diana’s tragic passing, Kate thoughtfully selected heirloom pieces that reflect a deep respect for tradition and a desire to preserve the memory of her predecessors.
07.12 / 08:29
Citi
CEO
Parke
shooting
reports
Videos
Investigations
Days after gunman killed UnitedHealthcare's CEO, police push to ID him and FBI offers reward
Nearly four days after the shooting of UnitedHealthcare CEO Brian Thompson, police still do not know the gunman’s name or whereabouts or have a motive for the killing
07.12 / 06:17
markets
Citi
CEO
shooting
show
Videos
Investigations
Days after gunman killed UnitedHealthcare's CEO, police push to ID him, FBI offers reward
Nearly four days after the shooting of UnitedHealthcare CEO Brian Thompson, police still did not know the gunman's name or whereabouts or have a motive for the killing. Investigators were looking at whether the shooter may have been a disgruntled employee or client of the insurer, Chief of Detectives Joseph Kenny told reporters. The FBI announced Friday night it was offering a USD 50,000 reward for information leading to an arrest and conviction.
07.12 / 05:19
markets
Citi
CEO
shooting
show
Videos
Investigations
Police find bag carried by gunman who killed UnitedHealthcare's CEO, say he likely fled NYC on bus
Three days after the shooting of UnitedHealthcare CEO Brian Thompson, police still did not know the gunman's name or whereabouts or have a motive for the killing, Chief of Detectives Joseph Kenny told reporters. Investigators were looking at whether the shooter may have been a disgruntled employee or client of the insurer, he said. The FBI announced Friday night it was offering a $50,000 reward for information leading to an arrest and conviction.
05.12 / 13:25
04.12 / 06:45
03.12 / 14:03
markets
Airlines
Strategy
show
travelers
Videos
'Tandoori a**': Woman harasses Indian-American on flight, removed by airline
United Airlines airport shuttle bus after a confrontation with a family on November 24. Pervez Taufiq, a wedding photographer traveling with his wife and three sons from Cancun to Los Angeles, recorded the incident. The dispute began on the flight, allegedly involving the woman and Taufiq’s son. The situation escalated on the shuttle bus. Video footage shows the woman saying to Taufiq: “Your family is from India, you have no respect, you have no rules, you think you can push everyone, push, push, push. That’s what you think you are. You guys are f****** crazy.” She also threatened to record his “f–king tandoori ass” after Taufiq referenced earlier comments she made about curry. Taufiq posted the video on Instagram, stating the woman had harassed his son on the flight and told him to “shut up” on the bus. He said her husband then confronted him. Taufiq stated that United Airlines staff removed the woman from the bus after a bystander confirmed she initiated the incident.
29.11 / 20:07
Citi
BLOCK
Bill
country
2020
Courts
rights
Massachusetts lawmakers push for an effort to ban all tobacco sales over time
A handful of Massachusetts lawmakers are hoping to persuade their colleagues to support a proposal that would make the state the first to adopt a ban meant to eliminate the use of tobacco products over time
25.11 / 16:43
markets
UPS
Strategy
students
Experts
PAM
IIM Ahmedabad summer placements see 38% students getting placed in consulting sector, followed by 22% in BFSI
IIM Ahmedabad has wrapped up the summer placement process for the MBA Class of 2026 of the Post Graduate Programme (PGP) in Management, with 38% of students getting placed in the consulting sector, followed by 22% in banking, financial services and insurance (BFSI), 11% in consumer goods and durables and 7% in conglomerates, according to a statement issued by the institute on Monday. Firms from multiple domains participated across the three clusters in Summer Placements, with all students being placed across more than 25 cohorts of firms that visited. Despite challenging market conditions, the institute saw a rise in recruiting firms, and roles being offered. 51 new companies participated in the 2024 summer placements, up from 12 in 2023. In Cluster-1, in the Transformation & Operations Consulting cohort Accenture Strategy was the largest recruiter with Accenture Strategy’s India Market Unit extending 6 offers and Accenture Strategy Global Network making 33 offers followed by Vector Consulting Group with 7 offers. In the Management Consulting Cohort, Boston Consulting Group (22), McKinsey & Company (15), Bain & Company (14) were the top recruiters. In the Investment Banking & Markets Cohort, Goldman Sachs (11) and HSBC (India and Hong Kong) (6) were the top recruiters. EY-Parthenon India (8) led the charge in the Advisory Consulting Cohort. The Private Equity/Venture Capital Cohort was led by WinZO Fund (6) and White Oak Capital (3).
24.11 / 19:43
markets
UPS
Digital
Pool
awards
trends
US-based State Street leases Brookfield Properties' office tower near Mumbai’s BKC to set up GCC
financial services and investment management firm State Street Corporation has picked up an entire commercial office tower near Mumbai's business district Bandra-Kurla Complex (BKC) from Brookfield Properties through a long-term lease of around 10 years, said people with direct knowledge of the development. The company will be paying a total rental of more than Rs 350 crore for the office spread over around 250,000 sq ft through the entire lease tenure. The Boston-based company has leased the office space spread across the ground plus six-storey tower, which is part of a 10-acre commercial complex Equinox Business Park, to set up its global capability center (GCC) serving clients globally.
24.11 / 01:37
22.11 / 14:37
markets
UPS
Remark
President
Experts
reports
Did Joe Biden slip up on the Celtics' name and accidentally reveal a secret?
Joe Biden hosted the 2024 NBA champion Boston Celtics at the White House on Thursday, marking a celebratory occasion that also featured some light-hearted moments. While the event highlighted the Celtics’ championship achievements, Biden’s remarks, including a brief moment of apparent uncertainty and mentioning his Secret Service code name, drew notable attention, as mentioned in a report by Fox News.
20.11 / 16:27
markets
FIVE
Digital
awards
Experts
PAM
reports
Insurtech sector attracted $2.5 bn funding, more investment to flow: Report
insurtech sector has mobilised USD 2.5 billion over the years and the industry is expected to attract more investment in the future as there are significant growth opportunities in the space, a report said on Wednesday. According to Boston Consulting Group (BCG) and India InsurTech Association (IIA) report, India has about 150 insurtech companies, with 10 unicorns and «soonicorns» and over 45 «minicorns» with a 12 times increase in revenue over the past five years to reach USD 750 million. Cumulative funding has surpassed USD 2.5 billion, bringing the total ecosystem valuation to over USD 13.6 billion, the report said. While global insurtech funding has slowed down, the report said, APAC's insurtech sector has shown resilience.
20.11 / 05:55
Pool
Diversity
show
stage
consequences
reports
Schools
Competency-based hiring could reduce ‘paper ceiling’ for leadership roles
A Boston Consulting Group report — Competence over Credentials: The Rise of Skills-Based Hiring — says that focus on traditional hiring parameters create a “paper ceiling” (professional barriers for those without a formal degree) and does not give much value to skills. With the advent of more fast-paced technology, the report argues, skills trumps degrees in many cases; it also has additional benefits such as creating a more diverse workforce and ensuring higher retention rate. What does this mean for hiring for leadership roles? Competency mapping is a crucial process for organisations. But it becomes especially important when filling leadership positions, says Radhika Vivek, Senior Partner, TRANSEARCH India. These roles significantly impact a company's success, and a poor hire can have detrimental consequences.
20.11 / 05:55
markets
Strategy
Pool
awards
wellness
innovations
India uniquely positioned to capture 35-50% of global CIH market: BCG
innovation hubs (CIHs) have an expanded portfolio of services today and India has an opportunity to capture a big share of this market, says Boston Consulting Group. CIHs are centres that provide access to high quality talent and advanced technology to help businesses grow by playing a prominent leadership role in formulating and driving business priorities across the enterprise. In its latest white paper, BCG says CIHs’ portfolio today includes front-end customer facing business operations and capabilities in emerging technology. Sreyssha George, Managing Director & Partner at BCG, says that global CIH spend is currently estimated at $265-290 billion and is expected to grow to $390-420 billion by 2027 (10% CAGR). “India is uniquely positioned to capture a 35-50% market, given its rich and scaled talent pool. Also, these hubs will bring significant innovation and talent upskilling to the Indian ecosystem,” she states.
20.11 / 00:47
20.11 / 00:47
UPS
FIVE
Analysis
Universities
Equality
International
The banks that won’t be able to afford bonuses in 2024
If you’ve been following the news, you’ve probably heard that investment banking revenues are back. You might even be expecting a bigger bonus as a result. Unfortunately, you may be wrong.
19.11 / 16:15
17.11 / 00:19
Waters
BAY
Food
President
Fishing
outbreak
Courts
An environmental group files intent to sue a salmon farmer for pollution off Maine's coast
An environmental organization has served a notice of intent to sue one of the world’s largest aquaculture companies for violations of the Clean Water Act in Maine
16.11 / 12:15
economy
Remark
President
Cycling
innovations
Fed's Collins says tech changes can improve financial system
Federal Reserve Bank of Boston President Susan Collins said Friday the US central bank needs to keep a close watch on technological developments in the financial system. «We must all be attuned to the very real risks and challenges» resulting from technical innovations, Collins said in the text of a speech for an event at her bank. «The optimist sees potential for a virtuous cycle, with the financial system benefiting from technological advances enabled by innovations, and adapting to changes in the economy — while a more efficient financial system, in turn, can boost economic growth,» she said.
15.11 / 11:43
UPS
economy
Align
Remark
President
Interviews
Boston Fed President says December rate cut isn’t a ‘done deal’
Subscribe to enjoy similar stories. A Federal Reserve official said the central bank could eventually need to slow down the pace at which it is lowering rates and said it was too soon to say whether that should happen at the central bank’s meeting next month. Another rate cut in December is “certainly on the table, but it’s not a done deal," said Boston Fed President Susan Collins in an interview Thursday.
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