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Floating-rate borrowers got their Christmas bonus from the Bank of Canada on Wednesday: a half-point drop in their borrowing costs.

Bausch + Lomb said it authorized management and advisers to explore a potential sale of the eye health company after shares dropped over reports of faltering deal talks with a group of private equity firms.

markets regulator Sebi on Friday introduced exemptions to the requirement of maintaining pro-rata rights in investments and distribution of proceeds under the alternative investment funds (AIF) rules. Under this, pro-rata rights will not apply to cases where investors are excused or excluded from specific investments; fail to meet their contribution obligations, or share profits (such as carried interest) with fund managers or sponsors, Sebi said in a circular. Furthermore, specific entities, including government-backed organisations and development financial institutions, may opt for junior or subordinate units, accepting lower returns or higher risks compared to other investors.

₹2 lakh. These bikes strike an ideal balance between affordability and performance, making them excellent choices for riders with a budget. As per a report from HT Auto, here are five standout models that combine stylish designs and dynamic capabilities.

Subscribe to enjoy similar stories. Netflix made headlines nearly a decade ago when it unveiled one of corporate America’s most generous parental-leave benefits, pledging to give new moms and dads unlimited time off in their child’s first year. It was a promise Netflix couldn’t keep.

Subscribe to enjoy similar stories. Shares of Jindal Steel & Power Ltd (JSPL) have surged about 15% from their recent low of ₹855 apiece seen on 13 November, outpacing the sub-4% gain in the benchmark Nifty 50 index. The outperformance is attributed to the company’s relative advantage, thanks to its greater presence in the long steel production.

Sensex surging by 4,487 points from its November lows and reaching at the level of 81,289, the mutual fund expert believes that investors should adopt a diversified allocation strategy and should allocate 10% towards gold and 5-7% towards silver. Experts suggest that after the above allocation, investors should allocate 20-30% in duration focused debt instruments and the remaining should be invested in equities through a staggered approach to mitigate risks associated with market volatility. “Given the near-term weakness and macroeconomic moderation, investors should adopt a diversified allocation strategy. A prudent approach would be to allocate 10% towards gold as a hedge against inflation and market uncertainty, and 5-7% towards silver to diversify within commodities and benefit from industrial demand trends. Additionally, 20-30% should be allocated to duration-focused debt instruments, which can provide stability during volatility and benefit from potential future rate cuts. The remaining portion should be invested in equities through a staggered approach or systematic investment plans (SIPs) to mitigate risks associated with market volatility,” said Sagar Shinde, VP Research, Fisdom.

handicrafts industry is a vibrant reflection of its rich heritage, with every artifact narrating stories of tradition, creativity, and unmatched craftsmanship. This sector, deeply intertwined with the country’s cultural roots, represents an invaluable resource not only for preserving India’s diverse artistic legacy but also for fostering economic growth.

The California-based company, founded by former Google engineers, is among several firms offering AI companions — chatbots designed to provide conversation, entertainment and emotional support through human-like interactions. In a Florida lawsuit filed in October, a mother claimed the platform bears responsibility for her 14-year-old son's suicide.

artificial intelligence chips in the next few years. Shares of the Palo Alto, California-based company were up 14% in aftermaket trade after CEO Hock Tan told investors on a conference call he expects a revenue opportunity from AI in the range of $60 billion to $90 billion in fiscal 2027. Tan indicated three «hyperscale» customers are likely to deploy millions of AI chip clusters at the time.

Vinod Kambli has been grabbing the headlines for his deteriorating health conditions. Now, he has recently opened up about his health struggles and financial challenges, revealing the vital role played by his childhood friend Sachin Tendulkar. Tendulkar provided financial assistance to Kambli during two critical surgeries following a heart attack in 2013. Kambli underwent the procedures at Lilavati Hospital in Mumbai and expressed deep gratitude for Tendulkar’s unwavering support during that difficult period. Reflecting on his recent health issues, Kambli opened up about it in an interview with Vickey Lalwani. He shared that he faced a medical emergency about a month ago, requiring hospitalization at three different facilities. He described the incident as a sudden collapse at home, where his son and daughter had to assist him. His wife, Andrea, took him to the hospital multiple times, ensuring he received the necessary care. He credited her for her dedication and encouragement. Kambli emphasized that he is now doing better and continues to focus on his health. Addressing past speculation about health problems linked to alcohol addiction, Kambli clarified that he had quit drinking and smoking months before his collapse. He recounted an incident where he suddenly fainted while driving, leading to an emergency trip to the hospital. He also noted that surviving two heart attacks has reinforced his determination to prioritize his health, with his wife standing by him through these challenges.

The Biden administration has announced it is raising tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses

interest rate cut at RBI's next review meeting in February. Career bureaucrats, the conventional wisdom goes, tend to be more amenable to the gov's view early in their tenure as central bankers. But, eventually, the institutional authority exerts itself in a more autonomous approach.

Civic engagement nonprofits believe democracy is an exercise in need of constant support — not just extra money around major major campaigns

Noida International Airport (NIA) in Uttar Pradesh. The total CISF manpower sanctioned for providing a counter-terrorist cover to the two upcoming airports is 2,870. The sanction of the Central Industrial Security Force (CISF) manpower is for the first phase of operationalisation of the two airports. The force's strength will be enhanced once these airports finish phase II, sources said.

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Fund (AIF), the ASK Index Plus Fund, which requires a minimum investment of Rs 1 crore. The fund is ASK Hedge Solutions' second offering under the Category III Alternative Investment Fund (AIF) structure. ASK Index Plus Fund is aimed at high-net-worth individuals (HNIs) seeking innovative portfolio management solutions, the company said in a press release.

NBCC has been appointed as a project management consultant to complete Supertech Ltd's 16 real estate projects at a cost of nearly Rs 9,500 crore, a move that will provide relief to thousands of homebuyers. In a regulatory filing on Thursday, the company informed that the National Company Law Appellate Tribunal (NCLAT), vide its order dated December 12, 2024, has «appointed NBCC (India) Limited as Project Management Consultant for the completion of 16 projects of Supertech Ltd». NBCC will complete 16 projects, comprising 49,748 houses in Uttar Pradesh, Uttarakhand, Haryana and Karnakata. «The tentative construction cost of the project is approx Rs 9,445 crore, including 3 per cent contingency. The consultancy fee has been fixed as 8 per cent, including 1 per cent marketing fee,» NBCC said.

passive funds: Mirae Asset Nifty India New Age Consumption ETF and Mirae Asset Nifty India New Age Consumption ETF Fund of Fund. The new fund offer or NFO of Mirae Asset Nifty India New Age Consumption ETF and Mirae Asset Nifty India New Age Consumption ETF Fund of Fund are open for subscription and will close on December 20 and December 26 respectively. Also Read | Mutual funds see Rs 8,995 crore inflow in mid and small cap funds in November. Should you allocate more?

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