Strategy Financial News

Many Canadian family business owners are accelerating the handover of their companies under pressure from a changing economic landscape and internal family dynamics, according to a new study by KPMG LLP in Canada.

By Julie Cazzin with Aman Budhwar

Follow Assembly elections 2023 LIVE Updates here In an exclusive interview with NDTV, Pilot had said, “We (Congress) haven't won consecutive elections in Rajasthan for 30 years. Why? We need to introspect on this." This trend — of change in government in Rajasthan every five years — is seen as a factor in favour for the BJP. Many believe that the saffron party might come back to the power, keeping up with the trend.

Wordle enthusiasts, it's that time again! We're here to serve up your daily dose of hints and tips for today's Wordle #888. If you're eager to unveil the solution, you can skip to the end of this article for the answer.

Pramerica Life Insurance recently launched its newest product, Pramerica Life RockSolid Future. This recently introduced plan is an individual, non-participating, non-linked savings life insurance plan. It provides policyholders with the flexibility to choose between guaranteed regular income or a lump sum payout upon maturity, accompanied by tax benefits.

Barclays Plc is working on plans to reduce costs by as much as £1 billion ($1.3 billion) over several years, which could involve slashing as many as 2,000 jobs, according to Reuters.

China and the United States are leading the development of AI, which many researchers and global leaders think will transform the world and revolutionise society in a way similar to the introduction of computers in the late 20th century.

Fortis Healthcare said on Friday that it has signed definitive agreements to sell Fortis Malar Hospital in Chennai, to MGM Healthcare Private Limited for about Rs 128 crore. The deal is for the sale of the business operations along with the land and building assets pertaining to Fortis Malar Hospital situated at Gandhi Nagar, Adyar in Chennai. The transaction will be an all-cash deal and is estimated to be consummated by end of January 2024, the company said in a statement to stock exchanges. The divestment is a part of Fortis’ ongoing portfolio rationalization strategy in order to focus on deepening its presence in select geographic clusters where it has a sizable presence.

Bajaj Finserv Asset Management, said, “Given that we are a new entrant, we have the opportunity of looking at things afresh. Our BAF is yet another example of that approach. Here, both behavioural sciences and financial insights are ‘balanced’, to help us make our investment decisions.

Fortis Healthcare Limited, a comprehensive healthcare service provider, on Friday, announced that it has finalized agreements for the sale of Fortis Malar Hospital in Chennai to MGM Healthcare Private Limited. The agreed sale consideration is approximately ₹128 crore.

A court in Montenegro’s capital, Podgorica, has approved the extradition of Do Kwon, the founder of Terra, to either South Korea or the United States. 

India Leadership Council

Sunil Koul, Executive Director (Asia Pacific Portfolio Strategy, Global Macro Research), Goldman Sachs, says while high-end consumption has been holding up pretty well, there’s some some weakness in mass market consumption. We are hearing from the companies that things are bottoming out and not worsening. So, consumption and at least the volume growth for the staple companies will improve in coming quarters.” A lot of the corporates that we have been speaking with are alluding to the fact that even despite the festive season, etc, there has not really been any incremental pick up in consumption patterns all around. Rural is lagging a little bit, maybe the premiumisation trend is playing out. What is making you optimistic on consumption as a long-term story? There are a couple of things on the consumption side. I think the high-end consumption has been holding up pretty well there. If you look at the mass market consumption and the lower consumption as you mentioned, obviously there has been some weakness in there, part of that is because of the higher inflation starting to impact consumer wallets, part of it is obviously the monsoons which were subpar.

By KV Karthik

Often pregnancy cost is not covered in health insurance at least for two years and in some cases it can be more. It becomes very challenging when you have to bear this cost entirely from your own pocket along with other medical expenses that you come across during this critical period. It is important to make a budget and plan your expenses in case your spouse is pregnant, and you are expecting delivery within a few months.

As businesses and governments adopt net-zero strategies, it is imperative for the industry to develop resilient solutions and construct infrastructure capable of withstanding the repercussions of climate change. Simultaneously, these initiatives should remain economically-viable investments. The reevaluation of how we plan, create, and manage our infrastructure is a vital component of this undertaking. Infrastructure is critical in influencing our cultures, economics, and environment. Rethinking infrastructure systems is a critical step towards creating a net-zero and sustainable future.

HAL share price: After ushering in 2023, shares of Hindustan Aeronautics Ltd (HAL) have remained in uptrend throughout this year. In YTD time, HAL share price has delivered over 70 per cent return to its shareholders. However, it seems that the defence PSU stock still has some steam left.

IIFL Finance Limited, which is one of India’s largest non-banking financial companies, today said that leading rating agency CRISIL has upward revised its outlook to ‘Positive’ from ‘Stable’. The agency has also reaffirmed the long-term rating at ‘CRISIL AA’ and short-term rating at ‘CRISIL A1+’. In the rating rationale released by CRISIL Ratings said, “The outlook revision reflects the strengthening market position of IIFL Finance group and the expected sustained improvement in its profitability.

(Reuters) — Airline operator Virgin Australia on Friday said it has added six Boeing (NYSE:BA) MAX-8 aircraft to further expand its fleet and meet travel demand, taking its total order for the planes to fourteen.

Times of India, the engineering services company sacked its staff partly because of the actions initiated as part of the performance cycle and to reduce overlapping of the roles. The layoffs have mainly happened in delivery and support functions due to the integration of automation in many functions.

Coal India, Honasa Consumer ltd, Eicher Motors Ltd, NTPC Ltd, HDFC Bank Ltd and ICICI Prudential Life Insurance Company Ltd to its India model portfolio deploying cash and at the cost of Power Grid Corporation of India Ltd, Marico Industries, Maruti Suzuki India Ltd and NBFCs (Non Banking Financial Companies). In an Equity strategy note Equity analysts-Mahesh Nandukar, Abhinav Sinha, and Equity associate-Nishant Poddar a Jefferies India Pvt Ltd said that they had raised cash tactically in their model portfolio in early September, which they said are now deploying as the key macro concerns around higher US yields, rising oil prices and near-term state election results have subsided.