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Bank of Montreal (BMO) on Tuesday missed analysts’ estimates for quarterly profit as the lender set aside a larger-than-expected sum of money to cover bad loans in an uncertain economy.

By Andrea Shalal

NEW DELHI : Roche Pharma India, a subsidiary of the Swiss pharmaceutical giant Roche, has launched monoclonal antibody drug, Ocrevus (ocrelizumab) in India for the treatment of multiple sclerosis. The company said Ocrevus is the first disease-modifying therapy (DMT) for both relapsing multiple sclerosis (RRMS) and primary progressive multiple sclerosis (PPMS) and targets 150,000-200,000 patients diagnosed with multiple sclerosis in India. The drug is being launched in India after almost seven years of it being approved by the US Food and Drug Administration (FDA) for global use.

UK has announced steps to make it easier for local businesses to hire foreign workers, with the Home Office announcing a major change in the way sponsor licenses are renewed. Effective April 6, the requirement to renew licenses every four years will be abolished, offering significant relief to businesses sponsoring skilled workers from outside the UK. This development will streamline the process for employers who previously faced the administrative burden and cost associated with periodic renewals. Under the previous system, sponsors were required to submit applications 90 days before the expiry date, incurring fees ranging from £536 to £1,476 depending on their size and charity status. Processing times for renewals could also stretch up to eight weeks. Click & check your eligibility for immigration Find out Recognizing the challenges and aiming to improve efficiency, the Home Office has opted for a more automated approach. Existing sponsor licenses expiring on or after April 6, 2024, will be automatically extended by ten years, eliminating the need for renewals altogether. Sponsors holding valid licenses within this timeframe are not required to take any action – their licenses are automatically covered by the extension.

logistics startup Shadowfax has raised $100 million in a mix of primary and secondary investments as part of its latest funding round led by growth investor TPG NewQuest. Existing investors including Mirae Asset Management, Flipkart, International Finance Corporation, Nokia Growth Partners, Qualcomm, and Trifecta Capital also participated in the fundraise. The round also includes an element of venture debt.

In this article we cover some reasons why NuggetRush is gaining popularity alongside increased Cardano and Polygon adoption.

One of the biggest potential problems Thomas West foresees for the future of the RIA space is organic growth.

In its recent note covering the Chinese semiconductor market, Bernstein analysts initiated coverage on Hygon Information Technology with an Outperform rating.

Piyush Goyal on Tuesday said there is an urgent need to give a boost to small businesses in the textile sector to help them realise their true potential. Speaking at Bharat Tex-2024 in Delhi, Goyal talked about helping SMEs in the textile sector by providing them with modern machines and other allied infrastructure. He said that the textile sector would not just be benefited through any one government scheme but by their convergence. “No one government scheme would help the textile industry, but a convergence of all schemes in a streamlined manner could help in this regard.” The minister called for intelligently using the budget for handloom and handicraft, and making the budgetary spending transparent. He also said that industry and government officials should work together to help artisans earn more. “Let’s take our industry to other countries where we know the market.”

Motilal Oswal Financial Services has initiated covering Cello Word stock, indicating an uptick of 31% from the counter's current market price (CMP). The brokerage has a buy rating for the stock with a target price of ₹1,100.

NDP Leader Jagmeet Singh says he believes provinces voicing plans to opt out of a national pharmacare plan will likely opt in eventually, noting similar sentiments were seen when universal health care became law in Canada.

SpaceX's lawsuit claiming a US labour board's structure is unconstitutional, after a judge in Texas granted the agency's request to send it to California. A panel of the New Orleans-based 5th US Circuit Court of Appeals in a brief order said the Los Angeles federal court should not have processed the transfer last week, days after the appeals court paused it pending an appeal by SpaceX.

Berkshire Hathaway's shares closed down by more than 2% on Monday, slowing its march to $1 trillion market value on investor worries after the U.S. government warned of a lawsuit against its power company, PacifiCorp. Berkshire disclosed the risk of a lawsuit against its unit over its alleged failure to cover $356 million in costs associated with the 2020 Slater wildfire in southern Oregon and northern California.

anti-abuse provisions under the India-Mauritius tax treaty, the Mauritius Cabinet on Monday decided to amend the agreement to comply with the minimum standards of multilateral instrument (MLI) under Base Erosion and Profit Shifting (BEPS) rules. The amendment, which is in sync with the ongoing global tax agreement, will discourage existing source-based tax exemptions claimed by the companies and will make it difficult for them to abuse the tax treaty purely for treaty shopping. The Base Erosion and Profit Shifting rules under 'pillar two' model are crafted to ensure large MNCs pay a minimum level of tax on income arising in each jurisdiction they operate in. The BEPS MLI includes a provision to decline the shelter of a Double Taxation Avoidance Agreement (if the DTAA is covered by the MLI) if the principal purpose of a business arrangement is to save tax. It is gauged by using a Principal Purpose Test, which is a minimum standard under MLI. India and Mauritius are signatories of MLI, however so far Mauritius had not included its DTAA with India within the scope of its MLI compliance.

JPMorgan upgraded Gap, Inc. (NYSE:GPS) to Neutral, added American Eagle Outfitters (NYSE:AEO) to its positive catalyst watch list, and removed Savers Value Village (SVV) from its analyst focus list in a wide-ranging note covering department stores and specialty softlines on Monday.

—Name withheld on request It is perfectly legal to send money to your wife in India but the nature of transfer from your account to that of your wife needs to be determined—whether it is given as loan or gift or income, as there are different FEMA (Foreign Exchange Management Act) rules for each type of transaction. Let’s assume you wish to transfer the amount as gift to your wife. In that case, she will not incur any tax on such transfer since it will be covered under the definition of transfer to ‘specified relative’ as per the Income Tax Act of 1961.

Technology is so pervasive and invasive that it’s polarizing people, producing feelings of love and loathing for its devices, online services and the would-be visionaries behind them

By Jonathan Stempel

The age-old link between progressing up the career ladder and gaining a larger salary may be losing appeal, according to new research.

NDP has reached a deal with the Liberal government to introduce the first piece of a national pharmacare program that includes coverage for birth control and diabetes medication but it appears Alberta does not intend to be part of the agreement.It’s a critical piece of the supply-and-confidence agreement between the two parties and comes ahead of a March 1 deadline to table legislation. Some final details may still be worked out but the Alberta government says it plans to opt out.Dr.

Unit linked insurance plan) because these plans double as investment instruments as well. They argue that the premium paid towards a term plan is a sunk cost, so it is better to opt for an investment instrument. ALSO READ: IRDAI proposes to raise free look period from 15 to 30 days.