Merit Financial News

The Alberta government has released a consultant’s report that includes a $334-billion estimate of the asset transfer from the Canada Pension Plan (CPP) fund to a new fund to be established for a stand-alone Alberta pension plan.

Amit Sachdeva, India Equity Strategist, HSBC Securities, says “there are two vulnerabilities for India; one is obviously a geopolitical crisis. If it spirals out of control, then it might weigh on India's investment case. But US bond yields have also risen quite sharply. That has seen some outflow as well. But if you look at the overall picture for India's Goldilocks scenario, I would hazard a guess that India is in a decisive bull run and we are in the middle of it right now.” What is your take on the Israel-Palestine war? The way both local and global markets have been resilient, it looks like markets are saying this is not Russia and Ukraine. This is very localized and is unlikely to have a financial disruption. Geopolitical situations are always interesting and also hard to predict. One thing can lead to another. I am not going to call that out, to be honest. But the market obviously has taken a view that the situation will be contained. It would not spiral out of control, et cetera. So at least the market has taken that view. My sense is that could probably be the fair view as well. But more importantly, India's context is very interesting because India has been an outperforming region three years in a row. That makes many people wonder whether these rallies can continue. But I think we need to drill down into the entire Goldilocks scenario of India.

London | England’s high court has begun hearing a case brought by four small business owners, who say National Australia Bank and its former British unit Clydesdale & Yorkshire Bank, now known as ASX-listed Virgin Money, crippled them financially through allegedly mis-selling fixed-rate business loans.

Nationalist Congress Party (NCP) president, the Ajit Pawar faction has told the Election Commission of India that «one man should not be able to decide everything in the party». «Appointments within the party are not being done as per elections, there is no democracy...one man cannot be deciding everything in the party,» was the argument by the Ajit Pawar lawyers in the EC. According to the argument, Sharad Pawar ran the party like he ran his house. «One man who was not elected has been appointing people,» the lawyers argued.

BofA analysts initiated shares of Motorola Solutions (NYSE:MSI) with a Buy rating and $330 price target in a note Monday.

Atal Bihari Vajpayee in a gathering, dated almost forty six years ago, had stood in support of Palestine and demanded Israel to ‘vacate the land’. The video has resurfaced amid the ongoing war between Israel, and Hamas fighters from Gaza. After Hamas fighters unleashed a multi-pronged surprise attack on Israel on Saturday, the Benjamin Netyanhu government ordered complete blockade and seize of Gaza in retaliation.

As the deadline for binding bids for Pacific Current Group draws closer, one question has risen to the surface: does a PAC-GQG tie-up still make sense financially?

As the deadline for binding bids for Pacific Current Group draws closer, one question has risen to the surface: does a PAC-GQG tie-up still make sense financially?

Nifty 50 today: Frontline indices the Sensex and the Nifty 50 ended higher on Friday, October 6, extending their gains into the second consecutive session after the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained a status quo on repo rates and policy stance, in line with expectations. RBI's MPC unanimously decided to keep the repo rate unchanged at 6.5 per cent on Friday. The central bank also retained its policy stance as the "withdrawal of accommodation" with five out of six MPC members voting in favour of this.

repo rate unchanged at 6.5 per cent on Friday (October 6) and also retained its policy stance as the "withdrawal of accommodation" with five out of six MPC members voting in favour of this. Growth and inflation projections also did not see any remarkable revision. However, the tone of the governor was hawkish as he emphasised the central bank was targeting inflation near 4 per cent and not between 2-6 per cent.

Dartmouth College lawyers say the Ivy League school’s basketball players shouldn’t be considered employees because they are unpaid members of a money-losing program whose need-based scholarships don’t depend on their participation or talent

assets to family members. Some of the commonly used routes to pass on assets are: Will, gift and Private Family Trusts. Apart from these, even a Hindu Undivided Family (HUF) can play an important role in passing on of assets to one's family members.

Uday Kotak on Wednesday rued corporate investments getting concentrated in a few groups, and urged the government to «encourage many flowers to bloom». Speaking at India Today Conclave here, the richest Indian banker also said that policy is not skewed, clarifying that he respects the work done by big corporations in creating world-class businesses and specifically named Mukesh Ambani-led Reliance Industries. «I am saying something which is close to my heart, there is a significant concentration of new investments happening only by a few groups,» Kotak said.

TOKYO—SoftBank Group’s chief executive officer, Masayoshi Son, said artificial general intelligence is so powerful that within a decade it will surpass all human knowledge. “Take advantage of it or be left behind," Son said to a crowd gathered for the technology investment company’s annual SoftBank World event.

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Despite its merits, the threat to jobs that AI poses is real, Dimon noted.

PwC Australia has installed six new industry leaders via a merit-based appointment process, as its chief executive, Kevin Burrowes, moves to put an end to the previous practice where the CEO had almost complete authority to make key appointments.

A former Staples Inc. executive whose fraud and bribery convictions in the sprawling college admissions cheating scandal were thrown out by an appeals court has been sentenced to six months of home detention for a tax offense

(Reuters) — Amazon.com (NASDAQ:AMZN) was accused by officials of violating the terms of a U.S. labor board settlement, breaching a 2021 agreement which required the online retailer to let workers unionize.

Law Commission has advised the government not to tinker with the existing age of consent under the POCSO Act and suggested introducing guided judicial discretion in the matter of sentencing in cases involving tacit approval of children in the 16-18 age bracket. The current age of consent in India is 18 years.

Click here! The successful candidates will be called, as per merit, for joining NDA 152nd course at Khadakwasla, Maharashtra and (INA) Indian Naval Academy 114th course, Ezhimala, Kerala. Congratulating the successful cadets and the faculty for achieving this commendable feat in the UPSC-NDA written examination, Captain (IN) AK Desai, principal of the Sainik School Nagrota said the dedicated and sincere efforts by one and all have resulted in the remarkable performance of the cadets.

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