Strategy Financial News

By Giuseppe Fonte

₹615 crore. Westlife believes near-term challenges are temporary and that some recovery is likely during the festival season. The quick service restaurant (QSR) operator has guided for a high single digit SSSG in FY24.

Warner Bros.' latest DC offering, Blue Beetle, made its theatrical debut on August 18, 2023, with less fanfare than expected, ending up as a box office underperformer, grossing only $129.2 million worldwide. Now, the lingering question is when this DC superhero film will transition to the streaming realm, given the apparent disinterest in theatrical viewings.

wealth management companies — many of which had their origins as boutique city-based firms — are expanding to tier-2 and -3 cities, as wealth in these places has ballooned in the past two-three years, opening new markets for them. This is leading to a surge in demand for wealth managers, or private bankers, triggering a talent war and an all-time high churn at the top deck, said senior company executives. Emergence of new millionaires in towns such as Morbi, Vapi, Panipat, Ludhiana, Tiruppur, Raipur, Dehradun, Jamshedpur and Rajkot — among several other tier-2 and tier-3 locations — is prompting outfits such as Motilal Oswal Private Wealth, 360 ONE Wealth & Asset Management (formerly IIFL Wealth) and WhiteOak Capital AMC to open offices there and ramp up their teams, as they cater to clients worth Rs 2 crore to over Rs 1,000 crore, said the executives. “Wealth creation is no longer the forte of the top cities, neither is it confined to the coffers of the ultra-rich,” said Prateek Pant, chief business officer, WhiteOak Capital, which has set up offices in 50 new micro markets like Guwahati, Amritsar, Jalandhar and Trichy in the last one year.

BHP will spend a further $US4.9 billion ($7.7 billion) to build stage two of the Jansen potash project in Canada, bringing the total investment for the project to $US15.1 billion.

Working longer is among the best ways to ensure you don't outlive your retirement savings. The problem is, you can't count on it as a strategy.

US Federal Reserve chairman). Fairness should also apply to the distribution of Special Drawing Rights (SDR), this embryo of a global currency that the IMF may issue under certain conditions.

seat belts, according to a report by Ministry of Road Transport and Highways (MoRTH). Of the casualties, 8,384 were drivers while the remaining 8,331 were passengers, according to the report titled 'Road accidents in India — 2022'. A total of 4,61,312 road accidents occurred in 2022, claiming 1,68,491 lives and leaving 4,43,366 people injured.

State Street has announced some changes to its leadership structure as current president, chief operating officer, and head of Investment Services Louis D. Maiuri prepares for retirement.

In the wake of notable collapses, fraud and skepticism — including the notorious FTX fall and subsequent trial of its leader, Sam Bankman-Fried — the cryptocurrency industry found itself under unprecedented scrutiny. Navigating through the aftermath of these crises, the crypto world has undergone substantial reflection and reshaping. Despite the remaining challenges and uncertainties, there emerges a guarded optimism enveloping the sector, symbolizing its resilience and adaptive nature.

Joe Biden's top advisers will try to convince U.S. lawmakers on Tuesday that it is in the country's best interest to provide billions more dollars to Ukraine and Israel despite huge budget deficits and divisions over his administration's policies toward both countries. Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin will testify to the Senate Appropriations Committee on Biden's request for $106 billion to fund ambitious plans for Ukraine, Israel and U.S.

digital payment company Worldline, which deploys point-of-sales terminals at merchant outlets, on Tuesday said it has started direct merchant acquisition business in India. It has also launched a new business application on its new generation Android-powered smart terminals which can help merchants accept payments, reconcile their daily sales, access business loans and offer pay later options to their customers.

Aditya Birla Sun Life Transportation and Logistics Fund by Aditya Birla Sun Life Mutual Fund that has again caused many investors to ask if the same is worth considering. The fund launch on October 27, 2023, has again set the stage for investors to inquire about the validity of investing in NFOs, especially, when they pertain to themes like these. No doubt, some thematic funds have helped investors create the much-desired wealth.

AIFs for startups, SMEs: Alternative investment firm focusing on startups and SMEs Anicut Capital, on Tuesday, announced it has received a commitment of over Rs 30 crore from the asset management company HDFC AMC’s Fund of Fund with a likely additional allocation in the near future. According to a release by Anicut Capital, the investment will be made from HDFC AMC’s Select AIF FOF-I, which invests in category I and II venture capital/private equity-oriented AIFs

KKR & Co. is raising a second Asia real estate fund, targeting $2 billion to $2.5 billion to spend across the region, according to people familiar with the matter. 

Just a few years ago, Glen Point Capital co-founder Neil Phillips was celebrated as an aggressive but canny trader in the mold of one of his macro hedge fund’s main investors, George Soros.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

“I just want to remind the world, Palestinian mothers love their children just as much as any other mother in the world," Jordan’s Queen Rania said on CNN last week. “For them to have to go through this is just unbelievable. And equally, I think that people all around the Middle East, including in Jordan, we are just shocked and disappointed by the world’s reaction to this catastrophe that is unfolding.

eBullion, a groundbreaking metal technology startup endorsed by the Department for Promotion of Industry and Internal Trade (DPIIT) of the Indian government and supported by Hindustan Platinum (HP), is thrilled to introduce a captivating enhancement to its platform. This unveiling marks the dawn of a new era in Precious Metals investment. The “Digital Precious Metals Gifting" functionality, launched in perfect harmony with the festive season, empowers users to bestow the gift of gold, silver, platinum, and palladium, with options available starting at a mere ₹100. This feature provides a distinctive and enduring means to transform special moments into treasured keepsakes.

Bitcoin price trajectory has once again captured the attention of the financial world. Bitcoin price closing at $34,296 on Tuesday with a marginal decrease of less than0.10%, the cryptocurrency’s performance continues to intrigue both skeptics and proponents.

Commonwealth Bank’s mortgage book has shrunk for the third month in a row, an unprecedented loss of share for the country’s largest lender.