Strategy Financial News

Famed money manager Cathie Wood’s investment firm bought an extra $21m of its bitcoin-based spot ETF on Monday, bringing its total purchases in the fund to around $64m.

The project will bring together innovators, investors, and subject matter experts from across the wealth management value chain to explore how families can best use technology to manage rapidly expanding portfolios of tokenised and digital assets.It is estimated that $1 trillion in assets will be transferred to the next generation in the Middle East over the coming decade. However, only 24% of High-Net-Worth Individuals have a full estate plan in place.

Betterhalf, a matrimony super app and tech-enabled end-to-end wedding planning and fulfilment company, said it plans to onboard 100 skilled professionals across its verticals in 2024. It currently has 150 employees. The company has expanded its wedding services operations across metros and multiple tier-1 cities. “As part of the hiring strategy, the platform will create new jobs in the industry, opening 70, 20 and 10 positions in the wedding business operations, product and technology, and marketing and growth respectively,” said a company statement.

Himanshu Bajaj as managing director and country co-leader, alongside managing director Vikram Utamsingh. A company statement said Bajaj’s joining advances A&M India’s strategic capabilities and talent expansion, and helps further opportunities for clients to capitalise on the market’s continued projected growth. Bajaj, who has more than two decades of consulting and business experience, has worked in several industries at the strategic and operational level. He has led multiple engagements including operational transformations and end-to-end value enhancements, along with sales and marketing optimisation strategies, such as go-to-market and trade efficiency improvements. He advises clients across verticals on driving large-scale business transformations through accelerating business growth and enhancing profitability. “Himanshu’s appointment demonstrates the firm’s continued commitment to investing in people, achieving scale and positioning for growth in support of clients in India and around the world,” said A&M CEO Bryan Marsal.

Want to take exposure to a sector which grows much faster than GDP

IndiaFirst Life Insurance Company has bolstered its key leadership deck, appointing Sunder Natrajan as the chief human resources officer (CHRO) and Amrish Maheshwari as the chief risk officer (CRO). “I am happy to announce the strategic leadership appointments of Sunder Natrajan as our CHRO and Amrish Maheshwari as the new CRO. Their proven expertise and dedication align seamlessly with our vision,” Vishakha RM, managing director, IndiaFirst Life Insurance, said in a statement. Natrajan, who was earlier the CRO at the private life insurer, has taken on the role of CHRO to lead the organisation's human resources initiatives, aligning them with the company's overall growth objectives.

₹61,964 per 10 grams. Also Read: Gold lags Nifty 50 in last 6 months; what's the future outlook for bullion? Here's what experts say While geopolitical tensions continue to provide some support to precious metals, incoming macro numbers and rate-cut talks may keep them volatile. According to Reuters, the US flash PMI report on Wednesday, fourth-quarter advance GDP estimates due on Thursday and personal consumption expenditures data on Friday, before the Fed's next meeting on January 30-31, will be on investors' radar.

British forces carried out a fresh round of strikes on Monday in Yemen, targeting a Houthi underground storage site as well as missile and surveillance capabilities used by the Iran-aligned group against Red Sea shipping, the Pentagon said. The Houthis, who control the most populous parts of Yemen, have said their attacks are in solidarity with Palestinians as Israel strikes Gaza. The Houthi attacks have disrupted global shipping and stoked fears of global inflation. They have also deepened concern that fallout from the Israel-Hamas war could destabilize the Middle East. In the latest response, U.S.

Wall Street firms are recommending investors start buying five-year US notes after they saw their worst rout since May last week.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Advanced Micro Devices, Home Depot , Lowe’s, and Lululemon Athletica.

It's easy to reflect and think we could have approached things differently, but now it's clear that the initial fear of stumbling into another major bear market was a bit exaggerated.

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FTX has sold 22 million shares worth close to $1 billion in Grayscale Bitcoin Trust (GBTC) since it was converted into an exchange-traded fund (ETF) earlier this month, taking FTX's GBTC ownership down to zero, CoinDesk reported on Monday. GBTC in all saw outflows of more than $2 billion since being converted into ETF, according to the report, which cited private data reviewed by CoinDesk and two people familiar with the matter.

NEW DELHI : InterGlobe Enterprises, the parent company of India’s largest airline IndiGo, has announced the appointment of Aditya Pande as group chief executive officerwith effect from March. Pande joins the travel conglomerate from Udaan, India’s largest enterprise e-commerce company, where he was chief financial officer the past three years. Udaan announced his resignation on Monday.

₹330.11 crore for the December quarter mainly led by a double-digit growth in the toothpaste segment. The oral hygiene product maker had posted a net profit of ₹243.24 crore in the year-ago period, Colgate-Palmolive India Ltd (CPIL) said in a regulatory filing. Its sales were up 8.21 per cent to ₹1,386.41 crore in the third quarter of the current fiscal.

InterGlobe Enterprises on Monday appointed Aditya Pande as the Group Chief Executive Officer of the company, with effect from March 1, 2024. This comes after Pande resigned as the chief financial officer of India’s largest B2B e-commerce company, Udaan, earlier today, concluding a three-year stint.

Two major Wall Street firms are recommending investors start buying five-year US notes after they saw their worst rout since May last week.

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Despite the gradual recovery in the last three weeks, the US Dollar Index faced difficulty breaking the resistance level around 103.4. The current outlook suggests that this resistance remains a focal point.

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Gold finished lower last week, and remains in the red for the month of January and therefore the year as well. The metal had risen in the last three months of 2023, boosted by speculation that the Fed is going to start cutting interest rates sooner than it had projected in its previous dot plots.