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Jeffrey Epstein's property in the US Virgin Islands, known for his scandals, is under renovations, image makeover and rebranding. After billionaire Stephen Deckoff bought the Caribbean Islands of Great St. James and Little St. James for $60 million, he ordered for reconstruction of many parts. He hopes to inaugurate the new attraction sometime in 2025.

A single Bitcoin transaction could use the same amount of water needed to fill a garden swimming pool, according to a new study on the world’s most popular cryptocurrency.

A Catholic values group plans to launch a multiple employer 401(k) plan this month that is compliant with the church’s teachings.

EVO Japan, a scaled-down version of the renowned US-based EVO fighting game tournament, is confirmed for 2024. Despite its smaller scale, the competition remains fierce, with only the best players claiming trophies across various titles.

Recently, a video surfaced revealing the involvement of big banks in the drafting of the Digital Asset Anti-Money Laundering Act, initiated by Senators Roger Marshall and Elizabeth Warren. The act, originally introduced in December 2022, has garnered significant attention due to its potential impact on the cryptocurrency sector.

The federal government approved Royal Bank of Canada’s $13.5-billion takeover of HSBC Canada in the waning days of 2023, despite concerns from critics that it will stifle competition. Banking customers will start to see how the acquisition, expected to close in the first quarter, shakes out.

Gujarat Alkalies and Chemicals Ltd (GACL) on Tuesday said it has signed an initial pact with Vedanta Aluminium for exploring various business opportunities in the areas of caustic-chlorine and other allied businesses. The Memorandum of Understanding (MoU) envisages to recognize the potential of adding value to the business of both GACL and Vedanta Aluminium by adopting a collaborative approach in common business interests to achieve synergy, GACL said in a regulatory filing.

Also Read- Top 7 investment trends to look out for 2024 Another reason for Jefferies expecting on market scaling new highs is that they expect improvement in foreign inflows during 2024. Key triggers for Foreign Portfolio Investor flow as per Jefferies will be peaking Dollar, May'2024 general elections and rising significance of India in global markets.

NEW DELHI : The government on Sunday named former vice chairman of Niti Aayog and Columbia University professor Arvind Panagariya as the chairman of the Sixteenth Finance Commission (SFC), a constitutional body. Mint takes a look at what to expect from the SFC. Finance commissions are independent constitutional bodies with a key role to play in the division of the Centre’s net tax proceeds between Central and state governments keeping in mind the fiscal needs of the states.

Arvind Panagariya, the 16th Finance Commission has its work cut out. It has to address these structural imbalances. Also, it has to contend with increased funding needs for the provision of national level public goods, such as meeting net-zero emission targets.

Commercial Pilot Licences (CPLs) issued by the Directorate General of Civil Aviation (DGCA) jumped 39 per cent year-on-year to 1,622 in 2023, with women's share going up 22.5 per cent, an official release said on Monday. The DGCA had issued 1,165 CPLs during the year ended December 31, 2022, as per the release.

tsunami around 1 metre high struck parts of the west coast along the Sea of Japan, with a larger wave expected. The Japan Meteorological Agency issued tsunami warnings for the coastal prefectures of Ishikawa, Niigata and Toyama, Reuters reported. "5m waves expected in Ishikawa," a person posted on X, formerly known as Twitter.

Priya is a committed investor, who has put together a diverse pool of investments over time. She is confident about her product selection, having mitigated risk by spreading her investments across numerous products, with small amounts. Despite her strategic approach, Priya realises that her portfolio isn’t delivering substantial returns and lacks protection from market volatility. Additionally, accessing funds when needed proves challenging, and managing the portfolio becomes a time-consuming task. Priya is left wondering where she has gone wrong and how to realign her investments. Priya’s portfolio exhibits signs of over-diversification, a condition characterised by numerous, small, fragmented holdings that reduce the impact of successful investing.

investors (FPI) betting on India. Among the offshore funds who were put off by the onerous disclosure rules imposed by the Indian capital market regulator, some now have a leeway. A number of FPIs that are pooled-vehicles from countries like Mauritius, Singapore, and Cayman Islands — though not from the US — will be able to meet the regulatory conditions that would exempt them from the new rules that require funds breaching certain exposure levels to reveal the identities of all its investors down to the last natural persons.

MUMBAI : Venture capitalists, who had turned cautious amid last year’s high interest-rate regime and frothy valuations of startups not backed by fundamentals, are likely to return in 2024, betting on early-to growth-stage entities in their pursuit of the next set of winners. The new year will likely see a flurry of investors coming in to back companies, and funding rounds of Series A and beyond are likely to gain traction, industry experts and investors said. “There is adequate capital available, at least for the India opportunity.

digital infrastructure and technology sector. This prediction is supported by several key factors, including government initiatives, increased foreign investment, a burgeoning startup ecosystem, and a growing talent pool in the technology sector. Firstly, the Indian government has been actively promoting digitalization across various sectors.

According to people speaking off the record to the New York Post, Morgan Stanley bankers’ biggest wish for the New Year isn’t for a bull market, a revival of SPACs or even a tiny bit of good news about their Elon Musk loan exposure.  They are hoping that when Ted Pick takes over as CEO, he will end the reign of terror over WhatsApp messages.

A few years ago I moved to Dubai. After spending my career in London, where I worked for 15 years, I was ready for a change. The pandemic in particular made me want to seek an opportunity somewhere else – living with my partner in a cramped London apartment wasn’t great for my mental and physical health and I was keen to get out of London.

Economist Dani Rodrik has put out a tweet that's likely to get some traction. He says his wish for the new year is for the term 'emerging markets' to be retired. We agree.

Luxury real estate has ascended to unprecedented heights, becoming the premier choice for discerning homebuyers and savvy investors worldwide. In the dynamic realm of investments, 2023 stands as a testament to the escalating interest in opulent properties across the globe. This surge isn’t happenstance; it mirrors a fusion of factors propelling affluent investors towards these esteemed assets. Notably, the Delhi-National Capital Region (NCR) emerges as the epicentre of this trend, boasting a remarkable 54% surge in luxury housing sales. Gurugram spearheads this movement, with transformative markets like Golf Course Extn Road and Dwarka Expressway emerging as the upcoming realty hotspots.

India’s еconomic ascеnt prеsеnts еxciting opportunitiеs for invеstors. Oncе rеliant on forеign manufacturing and tеchnology, thе country is еxpеriеncing a rеmarkablе transformation, spеarhеadеd by advancеmеnts in domеstic capabilitiеs and a thriving еntrеprеnеurial spirit. This articlе еxplorеs two kеy sеctors poisеd for robust growth: manufacturing and tеchnology.