Rights Financial News

For years, Canadian policymakers have been sleepwalking past a growing housing affordability crisis. Now, with homes seeming impossibly out of reach to so many and voter discontent on this issue poised to roil upcoming elections, they have been jolted awake and are looking for solutions. Any action on this issue is welcome, but the biggest fix of all has yet to be raised: giving households the buying power to keep up with rising home prices today and tomorrow by boosting Canadian productivity.

Amanda Thorpe, the wife of former England cricketer Graham Thorpe, has revealed that her husband ended his life after a prolonged struggle with depression and anxiety. The 55-year-old’s mental health issues worsened due to declining physical health over the past two years. His death on August 5 was confirmed by the England and Wales Cricket Board.

EB-5 visa is a life-changing decision with significant personal, professional, and financial implications for the entire family. Hence, a clear understanding of the EB-5 visa lifecycle is essential to make an informed decision. Before Filing the I-526E Petition The formal EB-5 lifecycle begins with the filing of the I-526E petition, which is the EB-5 visa application. However, there are many preliminary steps and tasks that should ideally be completed before filing the I-526E petition.

Afghanistan, the Taliban government has achieved some diplomatic wins even as it has consolidated power and enforced its strict version of Islamic law. The Taliban rulers continue to operate without official recognition from any country — its restrictions on women a major sticking point. But concern over Afghanistan's worsening humanitarian crisis, the threat of terrorism, and hard-nosed pragmatism have led to some international engagement.

Anish Tawakley, Deputy CIO-Equity, ICICI Prudential AMC, says he focuses more on cycles than on big 10-year structural trends. On a 10-year structural trend, one has to be in the right company because even if you look at the retailing example, it is a 10-year, 20-year trend, but it is not as if every company has done well. There are better opportunities in automobiles, capital goods, cement, and real estate because that is a sector that could still produce earnings surprises. Tawakley also says that we are still in an upcycle at the moment economically. We will reach the peak of this cycle when power capacity utilisation peaks. Let us start with your market view risk versus reward, how would you map the current market setup for our viewers? Anish Tawakley: At this point, the earnings outlook is reasonably good given that the economy is in good health. The market valuations are not cheap. So, anybody coming into the market should be coming in with at least a three-year view. One should not be coming in for very short-term gains. But the economic outlook is very healthy and the earnings outlook is also reasonably robust.

The Investment Adviser (IA) Regulations, 2013, has been around for 11-plus years now, but has been able to attract just about 960 advisors!

Garuda Aerospace has expanded its operations in Sri Lanka, the first as part of its Global Garuda initiative which aims to increase the company’s presence in 50 countries, its chief executive officer, Agnishwar Jayaprakash, told ET. The Chennai-based company said it chose the island nation as the local drone policies were still developing and the new government was keen to promote technology and precision in agriculture and industries, seeking to reduce dependence on tourism. «We are traditionally a precision agricultural drone company. This year, we've seen revenues touch over Rs 100 crore and we saw a lot of attention coming in from overseas for our precision agriculture drones in particular. So we felt this was the right time to start making measured and cautious steps to expanding in overseas markets,” Jayaprakash said. “Sri Lanka because of its proximity to India, its developing drone regulation and smaller market was the perfect launchpad for us before venturing into other regions.»

Fabricio Bloisi, the newly appointed CEO of Dutch technology investment firm Prosus and its parent Naspers, said he will continue to back early-to-late stage companies in India despite the $500 million write-off incurred due to the collapse of its once high-flying portfolio firm, Byju’s. He added that the valuation reset in the technology world is typical of the funding cycles for the sector and doesn't deter long-term investors from taking bets on India. Prosus doesn’t “live by cycles,” he said in an interview on his first India visit since taking over the chief executive role from interim CEO Ervin Tu. “I founded a startup 20 years ago… I don't get nervous about valuations… it’s part of life,” Bloisi told ET. “In 2001, 2008, everyone thought it was the worst time… Prosus is not a company that lives by these waves,” he said.

Olympics athletes are stepping up their fight against advertisers indulging in unauthorised use of their name, image, or likeness for commercial purposes, following in the footsteps of their cricket counterparts. Sports marketing agencies Baseline Ventures and IOS Sports have issued legal notices to brands on behalf of PR Sreejesh and Manu Bhaker, respectively, for using their image or name in their marketing campaigns without prior permission of the athletes, or without having any official association with the international or Indian Olympic committees. Sreejesh was part of the Indian hockey team that won the bronze medal while Bhaker created history by winning two bronze medals, one alongside Sarabjot Singh, at the Paris Olympics that concluded on Sunday. «It's high time corporate firms understood the very basics of marketing and usage of IPs, especially firms that are already involved with sports. Our ask is very simple: pay and play,» Baseline Ventures managing director Tuhin Mishra said.

Stellantis is warning that it could lay off as many as 2,450 of the 3,700 union workers employed at a truck plant just outside of Detroit

The Chinese government has filed a complaint with the World Trade Organization over European Union tariffs on electric vehicles made in China

Mortgage rates haven’t been this attractive in more than a year, good news for homeowners eager to refinance

A small brand safety initiative is ceasing operations — days after being targeted by social media platform X in a lawsuit alleging the group helped coordinate a “massive advertiser boycott” after billionaire Elon Musk bought the company in 2022

Jammu and Kashmir Lieutenant Governor Manoj Sinha on Sunday said the Election Commission has the exclusive right to decide the schedule for Assembly elections in the Union Territory. However, he expressed hope that the democratic exercise would be conducted soon in Jammu and Kashmir, which has been under the central government rule for over six years after the fall of the PDP-BJP government in 2018. Talking to reporters after inaugurating the newly constructed building of the Malaviya Mission Teachers Training Centre at the University of Jammu, LG Sinha also referred to Prime Minister Narendra Modi's remarks during his visit to Srinagar in June that the Assembly elections will be held soon and the statement of Home Minister Amit Shah in Parliament on August 5, 2019 that delimitation will be followed by Assembly polls and then statehood at an appropriate time. «It is happening in the same sequence… I hope the Assembly elections will take place soon,» Sinha said.

Cartoon Network has officially shut its doors, redirecting viewers to Warner Bros. Discovery's Max streaming service.

Protesters carried American and Bangladeshi flags and held posters demanding that Bangladeshi minorities be «saved.» They chanted slogans of «We want justice» and called for peace amid the recent surge in violence. The crowd, which included activists from various human rights organizations, members of the Bangladeshi diaspora and Indian-American Hindu allies, came from Washington, Maryland, Virginia, and New York.

sports teams in India saw an up to threefold surge in earnings in 2023-24, with cricket dominating the table, according to the latest filings of their owners such as Reliance Industries, United Spirits, Tata Steel and RPSG Ventures. These companies, which run the sports teams as business ventures through subsidiaries, benefited from a larger central revenue pool of the Board of Control for Cricket in India (BCCI), showed the filings. The revenue pool mainly comprises money earned by the BCCI from selling the broadcasting rights and a portion of it is shared among the Indian Premier League (IPL) teams. For instance, the total income of Reliance Industries' wholly owned subsidiary Indiawin Sports, which owns the Mumbai Indians cricket team, more than doubled to ₹737 crore in 2023-24 from ₹359 crore in the previous fiscal. The company's net profit was ₹110 crore, compared to a net loss of ₹49 crore in 2022-23. The central rights accounted for three-fourths of the revenue in 2023-24, while nearly 22% came from ticketing sales, said the annual report of Reliance Industries.

tourism sector has the potential to resolve 50 per cent of the country's employment challenges with the right government support, Lemon Tree Hotels Chairman and Managing Director Patanjali Govind Keswani said on Saturday. Delivering his address at the first National Conclave on India 2047, organised by IIM Calcutta, he said India's tourism sector is on the verge of hitting the inflexion point. Keswani pointed out that several countries have seen that the tourism sector contributes as much as 15-20 per cent to their GDP and account for 25 per cent of employment. Expressing disappointment over the government's approach towards the tourism sector, he said, «In India, tourism contributes only 6.5 per cent to GDP and a similar share in employment. This sector holds enormous potential for creating jobs.»

NCLT has ordered initiating insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Coffee Day Group which operates Cafe Coffee Day chain of coffee houses. The Bengaluru bench of the NCLT (National Company Law Tribunal) on August 8 admitted the plea filed by IDBI Trusteeship Services Ltd (IDBITSL) claiming a default of Rs 228.45 crore and appointed an interim resolution professional to take care of the operation of the debt-ridden company. CDEL, which also owns and operates a resort, renders consultancy services and is engaged in the sale and purchase of coffee beans, had defaulted in the payment of coupon payments of redeemable non-convertible debentures (NCDs). The financial creditor had subscribed 1,000 NCDs through private placement and paid Rs 100 crore towards the subscription in March 2019.

Shiv Sena (UBT) MP Sanjay Raut on Saturday reacted to the Supreme Court's bail to Manish Sisodia in the money laundering case linked to Delhi's excise policy scam. Speaking to ANI, Raut said Manish Sisodia has got bail after 17 months. He further added that this showed how a person was put in jail by deceit and that his rights were violated. «He was granted bail after 17 months. How a person is put in jail by deceit, and is not even allowed any bail, his rights are violated. I have also felt the same pain. The government in this country has no proper law and order. Be it Sanjay Singh or Anil Deshmukh, there are a lot of people I have seen,» he said.

ICICI Bank, RailTel, CONCOR and Coal India among a host of other companies are likely to remain in focus next week as they are approaching their record dates for the purpose of dividend, bonus issues and stock split. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.