Maxim Financial News

Ritchie Brothers Auctioneers (RBA) has delivered a robust financial performance in the fourth quarter, with a 13% increase in gross transaction value (GTV) on a pro forma combined basis. The company's focus on operational excellence and driving efficiencies has resulted in significant cost synergies following the integration of IAA.

Warren Buffett left no doubt: He misses Charlie Munger, and so will Berkshire Hathaway's shareholders. Buffett on Saturday devoted a special section of his annual shareholder letter to Munger, who died in November at age 99. The 93-year-old Buffett called his long-time business partner a key driver behind what has become his more than $900 billion, Omaha, Nebraska-based conglomerate.

Cannabis stocks have been on a rollercoaster ride, going from a big boom in late 2019 to a crash in the following years.

Quebec’s public pension manager plans to cut a significant number of jobs as part of a reorganization that will see two real estate units brought in-house to improve efficiency.

About 40% of small business owners think 2024 will be a “make or break” year for their business, according to a survey by messaging service Slack

Prime Minister Narendra Modi on Monday reiterated his government's commitment to support farmers in exploring new avenues in agriculture. Addressing an event in Lucknow in Uttar Pradesh, the prime minister emphasized the importance of working towards a common goal of having Indian food products on dining tables across the globe. His remarks came amid a protest by a section of farmers over their various demands such as a legal guarantee for minimum support price for crops. «We are assisting and encouraging farmers to take our country's agriculture on a new path,» he said.

Foreign institutions remain bullish on the Indian real estate sector due to its promising long-term growth prospects. Political initiatives such as increasing investments in smart cities and ongoing regulatory reforms like RERA have enhanced the sector’s attractiveness to foreign investors, says Vishal Raheja, Founder & MD, InvestoXpert.com.

₹84,000 crore compared to Adani's ₹48,000 crore, Adani's higher bid secured the preference, it added. Also Read | Reddit signs content licensing deal with AI company ahead of IPO The land parcel has a potential development area of 45 lakh square feet and is valued at around ₹30,000 crore, as per a Hindustan Times report. According to Anil Kumar Gaikwad, the Vice Chairman and MD of MSRDC, the decision was based on a revenue-sharing model.

Unit Linked Insurance (ULIP) plans. The AUM of the Indian MF Industry has grown from ₹9.03 trillion as on January 31, 2014 to ₹52.74 trillion as on January 31, 2024 around 6 fold increase in a span of 10 years. The Indian Insurance market is expected to reach US$ 200 billion by 2027 and the country is the ninth-largest life insurance market globally.

Sovereign Gold Bond Scheme 2023-24: The new scheme of the Sovereign Gold Bond (SGB) 2023-24 which is popularly known as Sovereign Gold Bond 2024 opened on 12th February 2024. The new series of the SGB will remain open till 16th February 2024. This means investors have just one day in hand to apply for the Series IV of SGB. As per the Reserve Bank of India (RBI), the Sovereign Gold Bond Series IV price has been fixed at ₹6,263 per gram. However, an online applicant can save ₹50 per gram as the RBI has announced a ₹50 per gm discount for an online applicant.

In a week marked by a 20% surge in Bitcoin’s price, BTC currently trades around $52,000, demonstrating modest growth and maintaining its position as the market leader with a valuation exceeding $1 trillion.

Destiny 2 welcomes its weekly reset every Tuesday, bringing new activities and challenges for Guardians. Here's a breakdown of the latest reset for February 13, 2024, including the Nightfall, Eververse offerings, and more, as per a Dexerto report.

To this point in his life, Kyle* has focused on growing his modest, self-directed investment portfolio using a mix of somewhat risky stocks and funds. But he retired in 2014 and recently turned 70 years old, so he’s wondering what to do now as he prepares for his next chapter in life.

Walmart said they have sourced over $30 billion goods from the Indian market for its global operation in the past 25 years. The company is now set to triple the sourcing of these goods from India to $10 billion annually by 2027. Andrea Albright, executive vice president of sourcing at Walmart, said that through its Walmart Vriddhi initiative, launched in 2019, the company is training Micro, Small and Medium Enterprises (MSMEs) «to learn new capabilities, scale and maximize their business ambitions» free of charge. At its Growth Summit, the company announced that they have met their target early and have already trained more than 50,000 MSMEs. Jason Fremstad, Walmart's senior vice president, supplier development and sourcing, said, «What we are aiming to do this week is to continue finding new suppliers to source in categories- home, apparels, foods, health and wellness, toys… this week is focused on expanding those opportunities and finding new suppliers that we can export in an effort to achieve the goal that we have set out for sourcing $10 billion by the end of 2027.»

Why choose Flybed? Let’s explore the world of style and comfort with its unparalleled product line. When it comes to wall-mounted beds, quality reigns supreme. While others may skimp on fittings to cut costs, Flybed refuses to compromise on excellence. They believe in crafting furniture fit for royalty, using only the finest materials and the latest European technology, the rarest in the globe, to ensure durability, safety, and ease of use.

Xiaomi SU7 reflects a futuristic design approach, complemented by multiple physical buttons on the dashboard. With a focus on simplicity, the SU7 showcases a dual-tone interior scheme and a minimalistic center console, which hosts strategically placed physical buttons. Additionally, it comes equipped with a spacious panoramic sunroof.

Mint. This move is part of GMR Sports' broader strategy to maximize its potential in the competitive sports industry. Besides a 50% stake in the Delhi Capitals IPL franchise, GMR Sports owns UP Yoddhas in Pro Kabaddi and the Ultimate KhoKho franchise Telugu Yoddhas. “We were the original owners of the Delhi Daredevils, but in 2018, we divested a 50% stake in the team to the JSW Group.

With the contribution deadline for the registered retirement savings plan (RRSP) approaching, Canadians have more choices than ever for where they want to sock away their savings to get a lift on their tax returns.

Goldman Sachs Group Inc. was sued by a Hollywood business management firm that claims it was strung along as a mergers and acquisitions client while the bank pursued a much larger $7 billion deal with a private equity firm.

Chris Meledandri is the producer of the franchise. Mike White is the writer who has worked on films such as The Emoji Movie and School of Rock.

Skull and Bones, the pirating adventure game, is set to hit consoles and PCs in February. Ahead of its release, an Open Beta offers players a sneak peek. Here's all you need to know.