Experts Financial News

Canadians are struggling with debt, from credit card bills to mortgages and loans — recent studies from TransUnion Canada and Equifax have found millions of people dealing with trillions of dollars in debt. As we pass the midway point of 2024, there are things that can be done to try and manage your money.

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UnTrade recently had the honor of participating in Mempool Reload, an exclusive event organized by our esteemed accelerator partner, Applicature. Held on May 30th and 31st, 2024, at the luxurious Atlantis, The Royal in Dubai, this premier gathering was designed to foster connections, share groundbreaking insights, and explore the future of blockchain and cryptocurrency. Ideated by Ian Arden and masterfully orchestrated by Gordon Einstein as the master of ceremony, Mempool Reload brought together prominent investors, family offices, entrepreneurs, and experts from around the globe.

About a quarter of senior executives in GCCs are from the IT services sector, according to a study conducted by staffing firm Xpheno. The report was shared exclusively with ET. According to the findings, there are about 120 top GCCs in India with some 21,000 senior executive roles, including those of vice-president, assistant vice-president, senior vice-president and director. These senior executives have a minimum experience of 15 years, and in the last one year, more than 100 have moved from an IT company to a GCC.

neurological experts and doctors who are involved in diagnosing Parkinson’s disease have pointed out US President Joe Biden is displaying symptoms of this neurodegenerative disorder. This has raised question on his declining cognitive health as well as his fitness to continue in office for a second term. It is in this regard that a doctor who replied to an op-ed on New York Times said that Biden should not step down and he can still continue in office. There have also been calls to replace Biden on the ballot box due to his health concerns. The President has denied all reports pertaining to his health and also resolved to continue his presidential bid.

The U.S. Federal Reserve may start cutting interest rates before year's end. That could make future trips abroad more expensive for the nation's travelers.

Owning an ultrarare Scotch whisky, like the Macallan Fine & Rare 1961 that sold for $32,500 at Bonhams in February, is out of reach for the average tippler. But that doesn’t mean spirits collecting is only for the wealthy. Demand for fine, or luxury, spirits has leapt over the past several years, led by tequila and American whiskey/bourbon.

Delhi University (DU) is likely to be postponed to August 16, due to a delay in the release of the Central University Entrance Test (CUET-UG) results, Vice Chancellor Yogesh Singh announced on Saturday. Initially scheduled to start on August 1, the delay in the publication of results has disrupted the academic calendar. Vice Chancellor Singh said classes for other semesters will begin as per scheduled on August 1.

India and the UAE in a key defence meeting have deliberated on the regional security situation, including maritime security, and underscored the need to «enhance collaboration» to tackle security challenges. During the 12th edition of the Joint Defence Cooperation Committee (JDCC) meeting between India and the UAE held in Abu Dhabi on Tuesday, the two sides also discussed a wide range of opportunities for collaboration to further strengthen defence and security cooperation, the defence ministry said in a statement here. «During the meeting, the two sides discussed a wide range of opportunities for collaboration to further strengthen defence and security cooperation between the two countries,» it said. Detailed discussions were held in areas such as training, joint military exercises, defence industrial cooperation, subject matter expert exchange and research and development.

Fathimath Shamnaz Ali Saleem was arrested along with her sister and another person last month in the capital Male and stood down from her post shortly afterwards. Local media reported she was accused of performing «black magic» on President Mohamed Muizzu to win favour from his new administration.

staffing industry and human resources (HR) industry is anticipating significant tax breaks and increased investment in skill development from the upcoming budget for FY25, which union finance minister Nirmala Sitharaman is expected to present on July 22, 2024. Currently, the Goods and Services Tax (GST) on employment services in India stands at 18%, applicable to a broad range of services, including executive search and recruitment services, permanent placement services, and contract staffing services. According to Suchita Dutta, executive director at the Indian Staffing Federation (ISF), employment-related services should be considered under ‘merit services’ with a 5% GST.

China is the world’s largest textile producer and consumer, throwing away 26 million tons of clothes each year, mostly made of unrecyclable synthetics

Summer is the season of road trips.

annual summit surprised many in the international community, the genesis of this visit was two telephone conversations between President Vladimir Putin and the Indian PM this year. The two first spoke following Putin’s Presidential polls victory in March. This was followed by Putin’s call to Modi (first P5 leader to telephone the PM) after BJP-led NDA’s election victory on June 4. ET has learnt that during the conversations the two discussed the possible visit by Modi for annual summit and it was decided that the PM could probably visit Russia by middle of this year. The government on both sides then worked to firm up the schedule as it was felt that a political summit was imperative to give momentum to the strategic partnership. Earlier during his trip to Moscow last December External Affairs Minister S Jaishankar had informed that Modi will visit Russia this year and he is also scheduled to attend the BRICS Summit in Kazan, Russia, end of October.

₹4,000 crore or global sales of $30 billion or gross merchandise value of ₹16,000 crore or global market capitalization or fair value of $75 billion and also meet the criterion of 10 million end users or 10,000 business users will be designated as SSDE. In addition, any enterprise which does not meet these criteria but has significant presence in the market for specified services including internet search, advertising services and operating system, in CCI’s view, will get the tag of an SSDE.

The information ratio essentially measures how much excess return a fund generates relative to the excess risk it takes, compared to its benchmark. It’s calculated by dividing the active return (fund’s return, minus its benchmark index) by the tracking error (standard deviation of active return). A higher ratio indicates better risk-adjusted performance, reflecting how well a fund performs relative to its benchmark while considering volatility. Why is Sebi pushing for this disclosure now? Recent surges in investments in certain fund categories and schemes have raised concerns. Investors flock to funds with stellar recent returns, sometimes overlooking the associated high risks. Sebi aims to ensure investors consider not just performance, but also the risks involved. Risk-adjusted returns offer a more comprehensive view of fund performance, according to Sebi.

lifetime high of 24,236 but formed a small-bodied bearish candle on the daily scale. “Now, it has to hold above 24,000 zones to extend the move towards 24,250 and 24,400 zones, whereas supports are placed at 23,900 then 23,750 zones,” said Chandan Taparia Senior VP, Equity Derivatives & Technicals, Broking & Distribution at Motilal Oswal.

MUMBAI : Brokerages are fielding increasing demand from clients for a margin trading facility to invest in stocks, possibly triggered by the market regulator’s recent spate of regulatory tweaks aimed at tempering the retail investor frenzy in the futures and options segment. Margin trading facility, or MTF, is considered safer, offers higher leverage, and includes a broader range of stocks.

Big summer plans that call for big toys require generous towing limits

If you’ve noticed that you’re paying more than before for the same amount of groceries, you’re not the only one

expert panel of the Securities and Exchange Board of India (Sebi) will meet early next week to discuss various measures to lower risks in the equity derivatives market, said two people familiar with the development. «The only agenda of the secondary market advisory committee which is meeting on July 15, is to discuss these short-term measures for F&O segment,» said one of the persons. A working group headed by former RBI executive director G Padmanabhan has discussed various proposals including limiting weekly options, increasing lot sizes of F&O contracts, enhancing margin requirements, upfront collection of option premium from buyers of options, and intra-day monitoring of position limits, the person said.