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Manulife Financial Corp. posted first-quarter profit that beat analysts’ estimates, boosted by continued strength in its Asia operations and wealth-management business.

Subscribe to enjoy similar stories. India’s economic challenge today is to sustain a growth of 8-9% over the next two decades to achieve its vision of a Viksit Bharat by 2047. The upcoming Union Budget must focus on reforms that raise India’s long-term growth potential.

At first glance, this may seem like a question for economists and statisticians, a matter of compensation data, actuarial logic and policy benchmarks. It is nothing of the sort. It is a moral question that we in India must ask ourselves.As a citizen who has lived his entire life in India’s metropolitan cities, benefited from a measure of material success and travelled globally, my conclusion is neither emotional nor ideological.

Tata Steel’s growth will not come at the cost of debt but will instead be a balance between the company’s internal accruals and deleveraging, chief financial officer Koushik Chatterjee said, even as the steelmaker projected a six-month delay in achieving breakeven in its UK operations.

Subscribe to enjoy similar stories. MUMBAI : Mintifi Finserve, a supply-chain financing startup, secured $180 million in a Series E funding round on 10 December, led by Teachers’ Venture Growth, the late-stage investment arm of Ontario Teachers’ Pension Plan (OTPP), and global investor Prosus. Existing backer Premji Invest also participated in the round, which comprised both primary and secondary transactions.

As an Indian, my standards are so low that my idea of exciting urban development is a Nitin Gadkari tweet. I enjoy reading the plans of the minister for road transport and highways—his great projects, how he would punish Indians who don’t follow the law (this part especially), how he hopes to replace vehicular horns with the sound of Indian musical instruments, and how very soon road travel from Chennai to Bangalore would take only two hours. I did try to point out to him on X that right now Bangalore to Bangalore is two hours.

A 10-year-old boy is in police custody after confessing to shooting a former Louisiana mayor and his daughter, police say.

cycling in Navi Mumbai. The tragedy underscores a prime reason why those willing to shift to cycling in our cities do not. Saini chose to cycle even though he could have used a car because opting to pedal is a healthy, environment-friendly choice for a growing number of affluent Indians.

Dia Mirza has called upon the Maharashtra Pollution Control Board to address the pressing issue immediately. Renowned for her vocal stance on climate change and environmental concerns, Mirza took to social media to express her distress and advocate for decisive measures. Her plea was conveyed through a post on social media platform X (formerly Twitter), where she drew attention to the alarming Air Quality Index (AQI) exceeding 200.

chief economic advisor, V Anantha Nageswaran, also pointing to the need for cities to provide clean air and open spaces. “Our cities have become health traps. We need to ensure that citizens and children are facilitated to undertake physical activity,” CEA Nageswaran said, speaking at a panel discussion at Leveraging Private Finance for Urban Infrastructure Development –Learnings from G20 Infrastructure Working Group (IWG) event in Delhi on Wednesday. The chief economic advisor also stressed the issue of land use conversion, also raised by the chairman of the Economic Advisory Council to the Prime Minister. “The issue of land-use conversion has been plaguing us,” the CEA said, highlighting a need for simpler processes similar to what some states have instituted under business facilitation legislation.

The group’s annual subscription value (ASV) growth, a key measure for analysts, reached 7.1% in the quarter, after a dip in Q2.

The Swiss National Bank (SNB) and the Swiss Financial Market Supervisory Authority released a joint statement on March 15 on the stability of the Swiss banking system and Credit Suisse. The problems of “certain banks in the USA” do not pose a risk for the Swiss financial system, they wrote.