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The corporate quest for profit via real estate holdings is exacerbating Canada’s rental affordability crisis, according to a report from Canadians for Tax Fairness.

Subscribe to enjoy similar stories. Advocates of sustainable investing believe it could be the key to lowering carbon emissions and creating a more just society, claiming that asset managers can prod companies to do good by incorporating environmental and social factors into their investment decisions. New research, however, suggests such expectations are probably overly optimistic.

Qadri and Leitao will report into Uwe Ketelsen, head of portfolio management at 7IM, and will be responsible for enhancing and deepening the firm's fund selection and portfolio management capabilities. Prior to joining 7IM, Qadri worked for three years at abrdn as part of its multi-asset team, most recently as a senior investment analyst since December last year. 7IM partners with Brooks Macdonald to offer MPS ranges At abrdn, he covered investment manager research and portfolio construction across various asset classes. Leitao joins 7IM from Mercer, where he worked as a senior ...

₹130 crore, which were developed domestically as part of the National Supercomputing Mission. These advanced systems have been deployed in Pune, Delhi, and Kolkata to support cutting-edge scientific research.During the launch event, Prime Minister Modi stated, "This is a significant day for India in the realms of science, technology, and research. India is placing a strong emphasis on science and technology.

Indian rupee closed weaker on Thursday as importer and interbank dollar bids outweighed cues from a rise in most Asian currencies, ahead of closely watched remarks from Federal Reserve Chair Jerome Powell. The rupee closed at 83.6425 against the U.S. dollar, down from its close at 83.5925 in the previous session.

HDFC Bank could report a subdued 6% growth in profits in the September quarter, Macquarie Capital said in a note on Thursday. According to Macquarie, profit after tax could grow at 6% on year at Rs 16,900 crore. The weak profit expectation is due to expectation of higher tax outgo. «Profit seems likely to be weak mainly on account of a higher tax rate and lower treasury profits,» said Suresh Ganapathy, Head of financial services research at Macquarie Capital.

El Nino events could be extreme by 2050 if current trends in greenhouse gas emissions continue, a new study has found. El Nino, a weather pattern known for triggering warmer extremes like heatwaves and floods, is known to raise sea surface temperatures, while its counterpart La Nina leads to cooling effects. Both are phases of El Nino-Southern Oscillation (ENSO) climate driver. Multiple studies have provided evidence that a consistently warming climate favours more frequent and intense El Nino events, which are known to fuel extreme weather events. In this study, conducted by researchers including those from the University of Colorado Boulder, US, used computer models to stimulate El Nino events over the past 21,000 years — the peak of Earth's last Ice Age, one of the planet's coldest periods.

Havells India Ltd. traded 3.09 per cent down at Rs 1997.45 at 01:59PM (IST) on Thursday, even as BSE benchmark Sensex gained 253.0 points to 85422.87. The stock had settled at Rs 2061.15 in the previous session. The stock quoted a 52-week high price of Rs 2104.95 and 52-week low of Rs 1233.1, respectively. As per BSE data, total traded volume on the counter till 01:59PM (IST) stood at 13708 shares with a turnover of Rs 2.77 crore.

Indian Energy Exchange (IEX) hit a 52-week high of Rs 244.40 on September 24. However, the stock has since dropped 15%, approaching its key support level at Rs 200. The fall was witnessed after reports of implementation of market coupling for power exchanges either by the end of the current fiscal year or the start of FY26 came out, which is anticipated to hit the market dominance of IEX.

India faces a significant burden from increasing cases of orthopedic disorders due to an aging population, rising obesity rates, and high incidences of road accidents. This combination significantly elevates the demand for orthopedic devices, with joint replacements being particularly in demand. Against this backdrop, India’s orthopedic devices market is set to grow at a compound annual growth rate (CAGR) of around 5% through 2033, forecasts GlobalData, a data and analytics company.

Nifty closed positively after two days of consolidation. In the last trading session, it consolidated in the first half; however, it witnessed a strong recovery in the second half, allowing it to close above the 26,000 level. “Technically, the Index has been forming higher tops and bottoms and now on an immediate basis, 25,800 is the support whereas 26,200 is the immediate target which is the upper end of the rising channel,” said Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities.

Shriram Finance Ltd. gained 0.77 per cent to Rs 3547.6 in Thursday's trade as of 10:34AM (IST). The stock hit a high price of Rs 3555.0 and low of Rs 3529.95 during the session. The return on equity (ROE) for the stock stood at 15.04 per cent. Traded volume on the counter stood at 10:34AM shares and turnover at Rs 1.41 crore around that time. The stock of Shriram Finance Ltd. quoted a 52-week high price of Rs 3622.45 and 52-week low prices of Rs 1760.9, respectively.

Tata Power Company Ltd. gained 1.76 per cent to Rs 476.35 at 10:29AM (IST) in Thursday's trade. The counter has hit a high of Rs 476.8 and low of Rs 465.6 so far during the session. The stock had closed at Rs 468.1 in the previous session. The counter has had a total traded volume of 283292 shares so far with a value of Rs 13.34 crore on the NSE. It traded at a price-to-earnings multiple of 41.2 and a price-to-book ratio of 3.89.

Pidilite Industries Ltd. traded 1.35 per cent up at Rs 3301.0 on Thursday at around 09:59AM (IST), while the benchmark BSE Sensex advanced 167.07 points to 85336.94. As many as 3,877 shares changed hands on the counter with a total value of Rs 1.27 crore.

equity indices closed at all-time high levels on Wednesday, as a late spurt helped the Sensex close above 85,000 and the Nifty above 26,000 for the first time. Analysts warn traders of some hurdles for these indices immediately but do not anticipate a sharp sell-off. The broader market indices, however, ended weak. Nifty gained 0.3% or 63.75 points to close at 26,004.15, while Sensex advanced 0.3% or 255.83 points to close at 85,169.87.

«Markets made a new all-time high for the sixth consecutive session supported by positive global cues and strong domestic flows. We expect the Nifty to continue its upwards journey, amid monthly derivative expiry on Thursday which may induce some volatility,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.

Oil prices were little changed on Thursday after falling in the previous session as signs of higher fuel demand and falling stockpiles in the U.S., the world's biggest oil user, offset concerns over demand elsewhere, particularly in China. Brent crude futures were up 9 cents, or 0.12%, to $73.55 a barrel, while U.S. West Texas Intermediate crude rose 4 cents, or 0.06%, to $69.73 per barrel as of 0058 GMT.

AI research, development, and deployment can flourish, Vishal Dhupar, managing director, Asia South, Nvidia, tells Surabhi Agarwal. Dhupar believes India is witnessing a growing adoption of accelerated computing infrastructure but needs more investments. To compete effectively in the AI race and become an AI powerhouse, India must invest heavily in building its own computing capabilities, including servers, storage, and networking, he says. Edited Excerpts

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