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Subscribe to enjoy similar stories. Edelweiss Financial Services Limited is preparing to list its step-down subsidiary Edelweiss Alternative Asset Advisors Limited (EAAA), which will be the first initial public offering (IPO) in the Indian private capital segment, three people informed on the matter said, requesting to remain anonymous. The IPO, which is partly aimed at reducing the parent company’s debt, is likely to be predominantly an offer for sale.

Kamala Harris is currently stuck in a major political uncertainty as the Democrats are still unclear upon who has the edge in the US elections 2024, especially in the battleground states. This kind of rivalry has been rarely seen in the last few polls, as the last weeks somehow make it clear, who the upcoming leader of the United States would be.

Canada’s Fairfax Financial Holdings Ltd. will acquire control of hockey-equipment maker Peak Achievement Athletics Inc. in a deal with an investment manager owned by Montreal’s Desmarais family.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Many crypto investors believe that the next upcoming bull market will spark another altcoin rally, pushing the most promising ones to the moon. Rexas Finance (RXS), a promising Real World Asset (RWA) tokenization platform currently priced beneath $0.1, is catching the attention of altcoin investors nowadays.

Coldplay’s upcoming concerts in Navi Mumbai are sparking an unprecedented increase in room tariffs at top hotels. The British rock band is slated to perform at three sold-out concerts on January 18, 19 and 21 at the DY Patil stadium in Navi Mumbai. The Courtyard by Marriott Navi Mumbai property is sold out for January 18 and 19 due to the concert. Rooms are available at The Fern Residency Turbhe but for a hefty price of Rs 236,943 (including taxes) for two nights for the dates. Four Points by Sheraton Navi Mumbai will set you back by Rs 135,700 (including taxes) on January 21, the third concert date. The craze is not limited to Coldplay alone. Indians' love for music is triggering a surge in bookings for top musical acts with travel industry insiders reporting a three-to-fivefold jump in online searches for concert-linked experiential trips in India and overseas. Thomas Cook India recently arranged a father-daughter 'music concert bonding' trip in Los Angeles for Rs 14 lakh.

Sebi) on Monday reviewed the performance of the Beta version of the optional T+0 settlement cycle and enhanced its scope by approving an increase in the number of scrips eligible for trading from 25 to top 500 listed companies in terms of market capitalisation. It will be done in a phased manner, a Sebi release said.

TAFE) is locked in a legal battle with US agricultural machinery manufacturer AGCO Corporation regarding the use of tractor brand Massey Ferguson in India. On Monday, NYSE-listed AGCO ‘terminated’ several agreements with TAFE, including the licence agreement of the Massey Ferguson brand in the Indian subcontinent despite a stay order from the Madras High Court, prompting the Indian company to file a contempt of court petition against the former. The latest development follows more than six decades of a commercial relationship between the two companies that has since turned sour.

Bitcoin (BTC) lost ground Monday morning, giving back some of the gains posted during what has been a positive month for the legacy cryptocurrency.

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Carmaker Stellantis has slashed its earnings forecast, citing investments to turn around its U.S. operations as the wider automobile industry faces a slump and increased Chinese competition

China stocks rallied to their best day in 16 years, with related U.S. ETFs also soaring after recent economic stimulus buoyed investor optimism in the market.

UP government has sought explanations from various district administrations for their poor performance in the disposal of the people's complaints received through the Integrated Grievance Redressal System (IGRS), CM Helpline, and “Sampoorna Samadhan Diwas”. According to a press release, CM Yogi Adityanath has been receiving reports regarding delays and inaction in the matter relating to the people’s grievances for the past several days. The government has identified such districts and asked the DMs and SSPs concerned to give explanation in all such matters. The government may act against the officers who failed to ensure proper disposal of the people’s grievances received through different means. The matter relating to the delay in the disposal of people’s grievances came to the light during a review meeting held recently by the CM Yogi Adityanath. At the meeting, CM Yogi asked about the performance of different districts in addressing the people’s grievances which were received through IGRS, CM Helpline and Sampoorna Samadhan Diwas.

The cuts were applied to the £826.7m Europe Equity Absolute Alpha (share class C); £2bn US Equity All Cap (share classes C, I and I2); £5.8bn US Select Equity Plus (share classes C, I, and I2) and £536.2m Emerging Markets Strategic Bond (share classes A, C and I) funds. The largest cut was applied to the Europe Equity Absolute Alpha (share class C) strategy, with the fee being reduced from 1.65% to 1.35%. JP Morgan AM slashes fees across four funds and flags several poor performing strategies Meanwhile, JPM US Equity All Cap (classes C and I) had their fees cut from 0.65% to 0.6%, ...

Subscribe to enjoy similar stories. The investment pros at one of the world’s largest hedge funds, Millennium Management, have a strict rule: Don’t lose money. Millennium parcels out the roughly $69 billion it manages for clients across more than 2,600 traders, analysts and other investment staffers working on hundreds of teams.

Subscribe to enjoy similar stories. A major injection of economic stimulus in China drove gains in stocks from Beijing to New York at the end of the quarter. Some investors say what happens there could be key to markets’ direction in the months ahead.

Jeffrey Gogo is a journalist with 20 years of experience in business, finance, cryptocurrency, and climate change news and analysis.

Get great deals on essential kitchen appliances like mixer grinders, water purifiers, air fryers, and sandwich makers during the Amazon Great Indian Festival Sale 2024. Whether you're upgrading your kitchen or stocking up on new gadgets, this sale offers significant discounts on top brands, making it the perfect time to buy. From healthy air fryers to efficient water purifiers, there’s something for everyone. Don't miss out on these limited-time offers and enhance your kitchen experience with high-quality appliances at unbeatable prices! Mixer grinders

Motilal Oswal named HCL Technologies, LTIMindtree, Persistent Systems and Coforge as its top picks in the sector. “Among Tier-I players, we prefer HCLT and LTIM for their strong capabilities in data engineering, ER&D offerings (HCLT) and ERP modernization, making them well-suited for pre-GenAI spending. For Tier-II players, our top picks are PSYS and COFORGE, both poised for strong performance,” said the domestic brokerage firm in its report.

inventory overhang (the estimated time required to sell off unsold stock based on sales velocity) has dropped to 22 months in the June quarter, down from 34 months in the corresponding quarter last year. According to PropTiger.com report, NCR's Gurugram witnessed a substantial decline in inventory overhang from 72 months in Q2 2023 to 31 months in Q2 2024. Ahmedabad also showed strong performance, reducing its inventory overhang from 33 months to 18 months during the same period, reflecting the healthy demand dynamics in these markets. Regarding unsold inventory, the report said that despite a moderation in supply and absorption rates, India’s residential real estate market displayed resilience, achieving a 2% year-on-year decline, bringing the total to over 9.26 lakh units as of June 30.