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Subscribe to enjoy similar stories. Patricia Greene had spent a month recovering from a devastating stroke when her Medicare Advantage insurer, a unit of UnitedHealth Group, decided to stop paying for her nursing home. The 85-year-old was so weak and fragile, her son said, that she couldn’t even get herself out of bed.

When travelling abroad, travellers can choose between cash and card for payments. For card options, debit, credit, and forex cards are available. While most travellers would have a debit card, using it for international transactions is typically more expensive.

«Improved efficiency in collections over the next few quarters should positively impact asset quality, leading to reduced provisioning needs and boosting bottom-line growth, ROAs, and ROEs. Therefore, within the NBFC sector, microfinance is not advisable at this moment, but qualitative stocks like Chola are worth considering,» says Mayuresh Joshi, Head Equity, Marketsmith India. Suffice it to say, it's a big avoid for MFI right now? Mayuresh Joshi: Yes, and with regulatory concerns still looming, there is always a risk that potential regulatory actions could cast doubts on how these balance sheets might evolve, especially in terms of earnings if restrictions are imposed. Within this space, however, some housing finance companies have performed well. At Marketsmith, we focus on leading stocks, so within the broader NBFC universe, particularly from a rural discretionary spending perspective, Chola Investment and Finance could be a strong option. Our analysis suggests that Chola’s exposure, its strong parentage, and its capital adequacy, reflected in Tier I ratios, point to decreasing asset quality pressures as the rural economy strengthens. Improved efficiency in collections over the next few quarters should positively impact asset quality, leading to reduced provisioning needs and boosting bottom-line growth, ROAs, and ROEs. Therefore, within the NBFC sector, microfinance is not advisable at this moment, but qualitative stocks like Chola are worth considering.

New York Gov. Kathy Hochul is considering ways to revive a program that would charge drivers a toll to enter parts of Manhattan

The Alberta government fired the chief executive and entire board of directors of Alberta Investment Management Co. (AIMCo) last week, citing rising costs without an equivalent increase in returns at the $160 billion investment manager. But were AIMCo’s results and costs out of line with other major Canadian investment managers? The Financial Post’s Naimul Karim explores the question.

Locked-out workers at ports in British Columbia were joined on the picket lines by their peers in Montreal on Sunday night, stymying trade at Canada’s two largest marine trading hubs heading into the busy holiday shopping season.

Former acting ICE Director Tom Homan and Key Square Capital Management CEO Scott Bessent discuss President-elect Trumps plans to tackle immigration and the economy.

To play on a familiar saying: if America sneezes and the world catches a cold, Canada is the first to get sick. As Donald Trump prepares to take office for a second term, Canadians are bracing for a range of policy changes that will inevitably affect our economy — and, by extension, our pocketbooks. While stock and bond markets are already reacting in anticipation of the changes, just how far Trump will go on issues such as trade and immigration remains to be seen. Here’s a look at what economists are predicting could lie ahead.

Hindalco Industries will spend $4 — $5 billion on capital expenditure over a period of three years to expand its upstream facilities for aluminium and copper, the company said on Monday. These include an aluminium smelter, alumina refinery, a copper smelter and a copper recycling plant, managing director Satish Pai said on a call post the earnings. The metal flagship company of the Aditya Birla group announced its earnings for the September quarter late on Monday, and its consolidated net profit jumped 78% on year to ₹3,909 crore helped by strong traction in its India business.

Shree Cement’s profit plunged more than 80% on year to Rs 93.13 crore in the September quarter, weighed down by weakness in both demand and prices for the building material during the three-month period. While the September quarter is seasonally weak for cement-makers, the country’s third largest producer’s sales volume slipped as compared to the previous year as well — 7% lower at 7.60 million tonne.

Bandhan Bank and a host of small finance banks that have transitioned from microfinance business to their current avatar have faced higher slippages during the second quarter from their legacy business. Their desperate efforts to slow down micro-ticket lending to the bottom of the pyramid customers and instead raising the share of the secured portfolio did not prevent the rising credit cost. Microfinance loans are unsecured as these are not backed by collateral.

Indian Tea Association at the annual general meeting of the association. The tea industry in Assam and Bengal, as of September 2024, has experienced a notable crop decline of 63 million kilograms as per available Tea Board data. This situation has neutralized the marginal gains in the domestic prices. Bangur, highlighted the change in the production structure, with small tea growers and the organized sector coexisting in a competitive landscape. He emphasized the importance of creating a level playing field, advocating for the organized sector to be relieved of certain welfare obligations.

Trump 2.0 regime, said a SBI research report, even as the local currency hit its all-time low on Monday. The report, titled US Presidential Election 2024: How Trump 2.0 Impacts India's and Global Economy, emphasised that the rupee can have a brief spell of depreciation against the US dollar, followed by appreciation. Donald J Trump's historical comeback as the 47th President of the United States adds a morphine shot to the markets and select asset classes even as the focus is now shifting to wider economic ramifications and supply chain realignments, the report said.

There are several ways Canadian consumers can spot fake toonies circulating across the country, coin experts say.

Shree Cement Ltd on Monday reported an 83% fall in its consolidated net profit for the quarter ended September 2024 to Rs 76 crore. The same stood at Rs 447 crore in the year-ago quarter.

As India marches toward its ambitious 2070 Net-Zero goals, a transformation in infrastructure is not just necessary but urgent. With a rapidly growing population and increasing urbanization, the strain on India’s centralized energy grid is apparent. Traditional infrastructure, heavily reliant on coal, oil, and gas, struggles to meet the surging demand, leading to frequent outages, high energy costs, and increased greenhouse gas emissions.

Subscribe to enjoy similar stories. The US has been the largest market for India’s IT services industry for decades, with companies like HCL, Infosys and TCS providing outsourced services to American firms across sectors. About 55% of India’s IT sector revenues come from that region.

Subscribe to enjoy similar stories. In 1971 John Connally, then the American treasury secretary, told his European counterparts that the dollar was “our currency, but your problem". Over the following half-century the global economy has transformed, but Connally’s adage still rings true: even though the value of the dollar remains largely set by domestic developments in America, its swings almost always send ripples across the world.

Reasons to BuyReasons to AvoidWhat are buyers saying on Amazon?Customers find the product cost-effective and visually appealing. Some noted minor issues with quality and parts.Why choose this product?Efficient, stylish, and built with advanced safety, it’s an excellent choice for affordable hot water heating.The Havells Instanio Prime 25-L storage water heater is a high-performance model that combines functionality and style.

Subscribe to enjoy similar stories. Operating leverage is a double-edged sword, and Tata Motors Ltd illustrates this well. Factors that had dampened sales of its UK-based luxury car subsidiary, Jaguar Land Rover Automotive Plc (JLR), in the September quarter (Q2FY25) have now been resolved, setting the stage for a sales recovery in the second half of the fiscal year.

While more and more Indians take to flying even as the government builds airports at a breakneck speed to connect small cities and remote places, India's aviation sector remains dominated by just two big players who hold between them more than 90% of the market share. IndiGo's market share rose to 63 per cent in September while the overall domestic market share of Air India Group comprising Air India, AIX Connect and Vistara touched 29.2 per cent. While Akasa Air's market share stood at 4.4 per cent, that of SpiceJet was at 2 per cent. As Vistara folds up into the Air India Group today, the number of full-service carriers in the fast-growing Indian aviation space will come down to just one from five in a span of over 17 years. In the last 12 years, three Indian airlines Kingfisher, Jet Airways and Go First went bankrupt. Also Read: A shake-up in Indian skies: Vistara bows out, IndiGo goes premium