COST Financial News

As more and more Canadians from other parts of the country are moving to Alberta for a lower cost of living, there’s a catch 22 situation — that migration might be driving up rents in cities like Edmonton and Calgary that are drawing those fed up with high costs elsewhere.

Cost of Living LIVE Updates March 14: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

Shyam Prakash Jain, Ajmer, Rajasthan Before we understand what are manufacturing mutual funds we should first understand what are sectoral mutual funds. Sectoral mutual funds are a type of equity mutual fund that invests in a specific sector or industry of the economy, such as banking, technology, pharma, energy, etc. These funds aim to capitalise on the growth potential and opportunities of a particular sector by investing in the stocks of the companies belonging to that sector.

LTI Mindtree in the past 12-15 months, which it believes is driven by an accommodative stance during the merger process. “We would have liked quick changes, restricting the pain to 1-2 quarters. However, management’s accommodative stance to reduce risks has paradoxically turned into a riskier policy, leading to frequent senior management exits and associated instability.

By David Lawder

Kentucky Senate Republicans have revealed their version of the state’s next two-year budget

“If they don’t start putting money back in people’s pockets instead of filling their pockets, guess what? They’re going to get annihilated, as I’ve said before, they’re done. They’re done like dinner,” Ford said at a housing announcement in Pickering, Ont. Wednesday.

Ambani pre-wedding celebrations in Jamnagar have made headlines in more ways than one. The array of premium handcrafted jewellery worn by the guests has stoked enormous interest, especially on social media, prompting top jewellers to focus on such ornaments studded with emeralds, sapphires, rubies and diamonds. “We have just launched a new line with platinum, crafted in a pattern with emeralds and diamonds,” said Rajiv Popley, director of Mumbai-based Popley & Sons that sells high-end jewellery. “Demand has picked up for this kind of jewellery after the pre-wedding bash. Indian customers can relate to what had been worn… It’s all over social media.” Prices typically start from `5 lakh and go up to `1 crore, Popley said. “A pair of earrings from our new line of jewellery studded with emerald and diamonds costs `7 lakh,” he said. Chairman Joy Alukkas said his eponymous chain will be launching a gemstone-studded premium line — spurred by the Ambani celebrations — by the end of next month. “We are working on the designs,” he said. This is a shift for Joyalukkas, which typically has a range dominated by gold and diamonds, although the retail chain does sell affordable, gemstudded ornaments in its north India stores.

The Board of Control for Cricket in India (BCCI) has announced the schedule for the first 21 matches of the upcoming IPL between March 22 and April 7. It is waiting for the Election Commission to announce the schedule for the Lok Sabha polls, slated to be held in April and May, before scheduling the rest of the tournament. Industry insiders said companies looking at campaign-based advertising would want more visibility on the schedule. IPL official broadcaster Disney Star and official streamer Viacom18 have managed to close a slew of sponsorship and spot-buy deals and are expected to sign more deals in the run-up to the IPL, which will kick off on March 22. «The IPL on-ground sponsorships were also closed very late, with some sponsorship slots remaining unsold even now,» said the official cited above. «Both Disney Star and Viacom 18 have to offer the first right of refusal to IPL's on-ground sponsors.»

Gold and silver were looking to bounce back following the CPI-related drop on Tuesday, in a relatively quieter day for data and with the Fed in the blackout period ahead of next week’s FOMC meeting.

By David Lawder

To passersby, the construction site at Yonge and Bloor in downtown Toronto where The One, an 85-storey mixed-use development is slowly taking shape, looks just like any other, albeit on a grander scale. Workers are making progress, pushing up past the 50th storey as the building’s facade begins to take shape.

Last week, 92 prominent senior executives, investment managers and individual investors signed an open letter to the federal and provincial ministers of finance expressing concern with “the decline in Canadian investments by pension funds and its impact on the Canadian economy.” Aggregate public and private Canadian equity investments are down to about a tenth of the total of more than $3 trillion in total pension assets.

HT quoted Gavaskar's writing in his column for The Sportstar. ALSO READ: 'There is only one MS Dhoni but…’: Sunil Gavaskar praises Dhruv Jurel again Gavaskar also rued England's unnecessary chirping throughout the series and linked it to their lack of success in the Indian Premier League, unlike the Australians. Compared with Australian cricketers like Mitchell Starc and Pat Cummins, who broke the bank during the IPL 2024 auction in December, Gavaskar pointed out that English players have more often than not hit the jackpot.

Ethereum (ETH)  users are gearing up for the  highly anticipated Dencun upgrade , which is set to introduce the most significant code change to the blockchain in over a year and potentially have an impact on Ethereum fees. 

At an extraordinary general meeting today (13 March), abrdn China's investors voted 99.99% in favour of the move, representing over 27.4 million votes. The merger was initially agreed back in November, which the trust suggested was in a bid to cut costs and increase the liquidity of the portfolios. abrdn Asian Income cuts management fees by 17% The combined trust will have net assets of around £1.2bn, with FIL Investment Management (Hong Kong), and current FCSS manager Dale Nicholls overseeing the newly merged vehicle. abrdn has been contacted about the future of managers Nichol...

Payne Capital Management President Ryan Payne weighs in on the U.S. economy, arguing that purchasing power will continue to ‘strengthen’ for the American people.

MUMBAI : Tile manufacturers have warned that the recent gas price cuts by city gas distribution (CGD) companies like Mahanagar Gas Ltd, Indraprastha Gas Ltd and Gujarat Gas Ltd are unlikely to result into significant margin gains for them. Gas accounts for a significant portion of the overall expenses for tile makers. So, lower gas prices should be a reprieve for tile manufacturers such as Kajaria Ceramics and Somany Ceramics, which use it to fuel their kilns.

MUMBAI : Byju Raveendran received an extended relief from the Karnataka High Court on Wednesday, allowing him to remain at the helm of Byju’s, amid a volley of charges and countercharges between his troubled edtech company and its investors. But that could also result in Think & Learn Pvt.

₹8,399 crore to improve public transport in the capital by adding two rail corridors, an official statement said. The new lines will be ready for public use by March 2026, Union minister for information and broadcasting Anurag Thakur told reporters at a briefing.

By Iain Withers