Strategy Financial News

The Immigration, Refugees, and Citizenship Canada (IRCC) is planning to implement a new Trusted Institution framework to its student visa programme by 2024.This framework is a key component of a larger strategy aimed at modernising the International Student Program (ISP) operated by the IRCC. Although specific details remain limited at this stage, according to reports, the central concept revolves around evaluating post-secondary institutions based on specific criteria that demonstrate their reliability as partners in areas including sustainable intake, identification of genuine students, compliance monitoring and reporting, and ensuring a safe and enriching experience for international students.

It’s no longer “on” and then “off” when it comes to Australia’s coal power stations, as developments this week have made clear.

Saurabh Mukherjea, Founder, Marcellus Investment Managers, says «China's economic boom over the last 20 years supported commodity prices. China's economic unwinding, perhaps its economic collapse over the next 10 years, will have a deflationary impact. As and when that becomes apparent to bond markets and to central banks, the narrative that we are close to the top of the interest rate cycle will solidify. And therefore, the jitteriness that we see around interest rates, will abate over the next 12 months.» Mukherjea further says: «We are making several additions to Little Champs. We are quite enjoying the jitteriness in the market. So the one I can talk about is RHI Magnesita. We have added RHI Magnesita to Little Champs portfolio. This is actually very similar to what we did with GMM Pfaudler four years ago.»There seems to be a bit of a change in the macro narrative, whether it is local or global. Locally, we can blame it on tomato prices and onion prices. Globally, we could blame it on what is happening to the dollar index and how China is moving?The macro narrative is probably the best we have ever had.

Emkay Global Financial Servicestold Mint. While nobody knows what Powell will say today, his speech may have a hawkish tone. The Fed is expected to take into account the recent macroeconomic trends which show the US labour market remains tight and inflation still significantly above its 2 per cent target.

Employees Provident Fund Organisation (EPFO) is in talks with the Finance Ministry to find out the possibility of reinvesting its money in the stock market from exchange-traded funds (ETFs), reported Economic Times in its report. According to the report, EPFO is also mulling over to implement a strategy to optimise equity returns while shielding gains from market volatility.

₹160 crore from an anonymous donor. The donation has come from an alumnus for establishment of a Green Energy and Sustainability Research Hub, the institute said as reported by PTI. IIT B did not disclose the identity of the alumnus as he wanted to remain anonymous.

Canada (IRCC) is planning to implement a new Trusted Institution framework to its student visa programme by 2024.This framework is a key component of a larger strategy aimed at modernizing the International Student Program (ISP) operated by the IRCC. Although specific details remain limited at this stage, according to reports, the central concept revolves around evaluating post-secondary institutions based on specific criteria that demonstrate their reliability as partners in areas including sustainable intake, identification of genuine students, compliance monitoring and reporting, and ensuring a safe and enriching experience for international students. Institutions meeting certain criteria will be designated as Trusted Institutions. While the full implications of this designation are not yet fully clarified, the IRCC has indicated that Trusted Institutions may benefit from streamlined and expedited processing for their applicants. Currently, any Canadian institution admitting international students must be classified as a Designated Learning Institution (DLI), approved by their respective provincial or territorial government.

equities in the last 5 months somewhat fizzled out after inflation concerns resurfaced this month with the Reserve Bank of India’s hawkish view and firming up of oil prices. However, this time around neither is inflation going to be a major cause of concern nor will it lead to sharp rate increases, according to Gautam Sinha Roy, executive vice president and fund manager — equity at ICICI Prudential Life Insurance Co. “While the hike in this rate cycle has been steep, we believe we are somewhere close to the peak of the cycle…So, from the markets point of view, fear of further sharp rate hikes leading to dampening of risk appetite is unlikely,” Roy said in an interview with ETMarkets. Edited excerpts:Inflation and rate hike concerns are making a comeback both on the domestic andglobal fronts. Is this likely to dampen the Indian market momentum in the near term? We believe inflation is not going to be a major cause of concern in the medium term.

By Sahil SwaroopThe daily trend of REC Limited is bullish to sideways. The RSI for monthly, weekly and daily is showing bullish momentum.

Gemini, a leading U.S.-based exchange, has unveiled a limited-time giveaway of 4,000 XRP tokens each day. The announcement, made via an official tweet that reads, «We’re giving away 4,000 XRP! Every day at 3pm EST. Introducing: The XRP Faucet,» has already seen its first giveaway close just two hours after being made public.

Strategy consulting firm McKinsey has admitted to 15 workplace misconduct complaints in the past five years at its Australian offices, including one of sexual harassment, and says it has settled a discrimination claim from a fired employee.

Alinta Energy has approached the NSW government offering to sell electricity from the Eraring coal power station should the state government secure the extension of the plant’s operating life.

Since he took over the chair's position at the Federal Reserve in 2018, Jerome Powell has used his annual addresses at the Jackson Hole retreat to push policy agendas that have run from one end of the policy playing field to the other.

Woodside Energy has taken steps to streamline its enlarged portfolio after its merger last year with BHP Petroleum, tapping Morgan Stanley to sell its interests in the mature Macedon and Pyrenees oil and gas ventures off Western Australia.

Pontera is continuing its growth with yet another partnership with a large wealth management firm.

Amidst ongoing discussions about the trajectory of Bitcoin's value, the cryptocurrency market is abuzz with speculation. 

Stellantis NV (NYSE:STLA) announced Thursday that the automaker will be expanding its SPOTiCAR program into the United States.

By Davide Barbuscia and Carolina Mandl

Boat and Noise are chasing premium fitness enthusiasts with smart rings, a relatively new form factor of wearable that's smaller in size and can be worn at all times in a fresh bet on premiumisation on the back of its existing user base. This even as they continue driving down average selling prices of smart watches and frenetically refreshing their portfolio to capture a larger pool of users. «For the last three years, there were mostly first-time buyers, now people are educated about what wearable devices do, and we believe it's the right time to move to better devices,» said Noise co-founder Amit Khatri. Co-founder Sameer Mehta said Boat has imported a small batch of 5,000 units for the first sale and is readying distribution, forecasting shipments of 50,000-100,000 units in the first year, depending on how people perceive its value proposition of enhanced wellness tracking. «We have been experimenting with how big a market this can get, and the initial response has been great. There are a lot of users who are on their second watch, and this could be their third purchase,» Mehta said. While Noise did not disclose exact numbers, co-founder Amit Khatri said they have stopped taking pre-orders for the product after receiving large volumes since opening for pre-orders. The expansion into smart rings comes on the back of strong 53.3% on-year growth in wearables in the first half of 2023, according to IDC.

The Commodity Futures Trading Commission (CFTC) has filed a complaint against Rene Larralde, Juan Pablo Valcarce, Brian Early, Alisha Ann Kingrey, and their unincorporated entity, Fundsz, in the U.S. District Court for the Middle District of Florida. The complaint, announced on August 2, 2023, charges the defendants with fraudulent solicitation from clients to purportedly trade in cryptocurrencies and precious metals.

A municipal bond allocation is often considered to be the foundation of a successful long-term investment portfolio, especially for high-net-worth individuals.