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The former interim chair of Alberta Investment Management Corp. has written a letter to the Alberta cabinet minister who fired him last week to dispute what he calls an “incorrect narrative” and “misinformation” about the performance of the asset manager and Crown corporation.

Subscribe to enjoy similar stories. Having learnt from videos, a da Vinci robot has been replicating surgical procedures like using a needle and suturing. Robots may be a step closer to performing complex surgeries independently—but will humans trust autonomous AI surgeons? Robotic surgeries, especially in the post-covid era, are being routinely done in urology, oncology, nephrology, gynaecology and laproscopy.

Indian audit standards with global norms is a «major reform towards corporate governance and making India a developed country» by 2047, National Financial Reporting Authority (NFRA) chairman Ajay Bhushan Prasad Pandey told ET, while allaying fears it would lead to audit work concentration or disruptions. Pandey added that 39 of the 40 new audit rules proposed by the NFRA board this week will be applicable to all companies without any special dispensation. The revised standard on auditing (SA) 600, which proposes to make the principal auditor responsible for the entire corporate group's financial statements, would apply only to listed companies, banks and insurers, barring the state-run ones, he said. «We can't afford to have any standards that will be at variance with the global ones and which don't inspire trust and confidence of investors, both global and Indian,» Pandey said. «A developed India can't afford to have inferior audit standards. The upgrade will help detect any deviation or irregularity (in the financial performance of companies) at a very early stage, thereby protecting the interests of shareholders.»

Securities and Exchange Commission Chairman Gary Gensler spoke this morning at the Practising Law Institute's 56th annual conference on securities regulation. 

The company's net revenues stood at Rs 965 crore, a 44% growth QoQ and a 25% increase YoY. The company’s real estate collections during the quarter amounted to Rs 1222 crore, highlighting a healthy cash flow.

Microsoft Corp. and Royal Bank of Canada have agreed to buy carbon dioxide removal credits from Canada’s first commercial facility to suck carbon from the air.

The ETF strategy, launched on Xetra and Borsa Italiana in October this year, was listed on the London Stock Exchange via the UK's Overseas Funds Regime (OFR). PTAM offers investors exposure to the US bonds market and employs its own ‘Shape Management' methodology, which targets long-term performance and stable growth across both rising and falling rate environments. European active ETFs double their AUM as passives gain popularity across the continent Following the launch of PTAM to the UK market, HANetf now has five active ETFs on its platform. The move comes as active ETFs are...

The ETF behemoth is launching the fund in a bid to capitalise on the performance of the top 20 largest companies in the S&P 500 Index, which BlackRock noted have contributed 68% of the index's return over the past three years. These include companies in the technology, consumer goods, communication, healthcare and financial services sectors. PT Asset Management and HANetf partner to list active US bond ETF on London Stock Exchange Targeting first-time investors, portfolio builders, financial advisers, as well as institutional investors, the iShares S&P 500 Top 20 UCITS ETF has an e...

Looking for the best room heater for your requirement? See our top recommendations for this winter season Choosing the right room heater based on room size is essential for both efficiency and comfort. The wattage of a heater plays a key role in its heating ability, and selecting the correct size ensures you're getting the most out of your heater without wasting energy.For smaller rooms (up to 100 square feet), a heater with a power rating between 1000W to 1500W is usually sufficient.

Portfolio management firm Unifi Capital on Thursday received the final approval from the Securities and Exchange Board of India (Sebi) to start its mutual fund operations through its unit, Unifi Asset Management Pvt Ltd. The approval from Sebi would allow Unifi Asset Management to leverage its extensive experience in the investment space to offer tailored mutual fund solutions to investors, the company said in its filing, adding that it has assembled a team to lead the mutual fund’s operations, blending in-house expertise with strategic external hires. Saravanan Viswanathan, Chief Investment Officer at Unifi Mutual Fund, emphasized that the firm’s focus on absolute risk-adjusted returns, rather than market sentiment and momentum, would drive consistent performance.

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Instant geysers are ideal for small hot water needsThe Havells Instanio 3 Litre Instant Water Heater offers a swift and efficient heating solution with a unique LED indicator that changes colour based on water temperature. Made with a stainless steel (SS) tank, this water heater is both rust-proof and shockproof, ensuring durability and safety.

Subscribe to enjoy similar stories. Oil and Natural Gas Corp. Ltd’s (ONGC) standalone gross crude oil realization fell about 8% year-on-year in the September quarter (Q2FY25) to $78.3 per barrel.

This was mainly driven by £1.3bn net outflows from internal assets, including an expected £5.1bn run-off from its Heritage portfolio, which was mitigated by net inflows from Aviva's workplace and BPA businesses, as well as £1bn outflows from strategic actions from clients previously part of the group. External net inflows stood at £580m, mostly thanks to strong performance from the multi-asset and fixed income divisions. Liquidity flows also remained positive, adding £4bn in the year to date thanks to strong performance. Profits at Aviva's wealth unit rise by nearly a third as AUM ...

Subscribe to enjoy similar stories. IPO activity in India has hit a new peak this calendar year, with the total issue size amounting to ₹1.38 trillion – the highest in a decade, surpassing the previous peak of ₹1.31 trillion in 2021.

₹20,000 from top brands such as Samsung, Motorola, Realme, and others, to provide you with great options. Check out the list of smartphones and make an informed decision.Best camera phones under ₹20,000Samsung Galaxy A16: This is a newly launched A-series smartphone by Samsung that offers some attractive features at an affordable price. The Galaxy A16 features a triple-camera setup that consists of a 50 MP main camera, a 5 MP ultrawide camera, and a 2MP macro lens.

investment opportunities with potential upsides. Goldman Sachs has reiterated its confidence in Eicher Motors and Larsen & Toubro (L&T), citing strong growth drivers and robust performance indicators.

Initially released in 2015, Focus was met with mixed reviews, receiving a 56% rating on Rotten Tomatoes. Despite its lukewarm reception from critics, who critiqued its convoluted plot and uneven execution, the film garnered attention for its glamorous visuals and the undeniable charisma of its lead actors. The film, which grossed $158 million worldwide, centers around Nicky Spurgeon (Smith), a seasoned con artist, who takes on Jess Barrett (Robbie), an ambitious apprentice in the world of high-stakes swindles. Their complex relationship evolves as their paths cross again years later, throwing Nicky's carefully constructed life into disarray. Fast forward to 2024, and Focus has found new life on Netflix. After being added to the streaming service on November 10, the film quickly climbed to the top of the charts, surpassing newer releases like Meet Me Next Christmas and The Lost City. The renewed popularity of the film can largely be attributed to Robbie’s soaring career, particularly following the immense success of Barbie, and Will Smith’s return to prominence with recent hits like Bad Boys: Ride or Die.

The Alberta government surprised everyone last week by firing the CEO and entire board of directors of AIMCo last week, declaring the need for a “reset” at the $160-billion asset manager.

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