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Subscribe to enjoy similar stories. Santosh Kamath, Franklin Templeton MF's fixed-income chief investment officer who was at the helm when the fund house wound up its six debt funds worth ₹25,000 crore in 2020, is now back with a private credit alternative investment fund (AIF). In 2023, Kamath stepped down as head of fixed income of the mutual fund segment to head the newly set-up alternatives business.

Subscribe to enjoy similar stories. Deciding to focus on your fitness is as much about knowing your body, as it is about wanting to change it according to your goals. The more you know about it, the better you can plan the approach.

Domestic demand for C&W products remains robust, fuelled by rapid electrification, infrastructure development, and growth in sectors such as power transmission and distribution (T&D), real estate, and transportation. This demand is projected to drive an 11-13% CAGR in the domestic market from FY24 to FY27.

Subscribe to enjoy similar stories. India’s exports declined for the second consecutive month in December, while the government is likely to undershoot its fiscal deficit aim in 2024-25. The credit-deposit ratio softened in 2024 and the work-hour debate intensified after a new remark by Larsen & Toubro's chairman.

The Bank of Montreal has become the first Canadian bank to withdraw from the Net-Zero Banking Alliance, which aims to align lending, investment and capital markets activity with net-zero greenhouse gas emissions by 2050.

Toronto-Dominion Bank is speeding up the appointment of its new chief executive and has made sweeping changes to its board, just a few months after regulators in the United States levied sanctions against the lender for failing to monitor money laundering activities at its branches.

Retaliation against United States tariffs could hold the key to Bank of Canada‘s moves on interest rates, says a prominent economist.

United States president-elect Donald Trump is planning to release an executive order elevating crypto as a policy priority and giving industry insiders a voice within his administration, according to people familiar with the plans.

Subscribe to enjoy similar stories. India's capital markets ecosystem has seen significant growth, but the challenges of preserving trust and ensuring effective regulation are ever-present, said Ananth Narayan G., whole-time member (WTM) of the Securities and Exchange Board of India (Sebi). At the 17th Mint BFSI Summit & Awards, Narayan outlined the regulator's response to the frenzy in futures and options, by implementing targeted measures to curb egregious overtrading, particularly around expiry days.

China has reported that its economy expanded at a 5% annual pace in 2024, slower than the year before but still hitting Beijing’s target of “around 5%” growth

Subscribe to enjoy similar stories. SINGAPORE—China said its economy expanded by 5% last year, formally hitting its official growth target in a difficult year that saw officials respond to a sharp summertime deterioration in key indicators with its most aggressive stimulus in years. The country’s National Bureau of Statistics said gross domestic product was buoyed by solid growth in investment and exports, which offset weaker consumption, highlighting the unevenness of Chinese growth.

Subscribe to enjoy similar stories. New Delhi: The Aditya Birla Group plans to partner with franchisees to scale its newly launched jewellery brand, Indriya, aiming to open 100 stores over the next 18 months, according to a top executive. The move marks an aggressive push into India’s ₹6.7-trillion ($81 billion) branded jewellery market.

foreign interference inquiry on Thursday describe widespread threats and harassment of Canadian Sikhs by the government of India, much of it coordinated by diplomatic missions.Witnesses told the Hogue Commission behind closed doors India had threatened their families, spied on temples and meddled in Canada’s elections, according to the newly unsealed documents.India “interferes in Canada because there is no reason not to,” one witness told the commission, adding that “the Canadian government has been largely impotent in the face of interference.”“There have been no consequences.”The documents summarize hundreds of written submissions received from Canadians during public consultations and meetings with more than 100 members of diaspora communities.They included Chinese, Iranian and Ukrainian participants, but the statements of Sikh Canadians are particularly noteworthy, providing a community-level view of the alleged tactics of the Indian government.Indian foreign interference has seen “an acceleration” since Prime Minister Narendra Modi came to power in 2014, with high-ranking officials vowing that “dissidents in other countries would be eliminated,” one witness said.Canada has labeled India the second most serious foreign interference threat to the country, behind only China.

Subscribe to enjoy similar stories. Reliance Industries Ltd (RIL) stock’s underperformance in 2024 was striking, falling by 6% against Nifty50’s 9% gain. The good news is the December quarter (Q3FY25) results signal that the worst might be over in terms of pressure on its two businesses.

buy call on REC with a target price of Rs 600. The current market price of REC is Rs 485.2. REC, incorporated in 1969, is a Large Cap company with a market cap of Rs 127211.05 core, operating in Term Lending Institutions sector.

Subscribe to enjoy similar stories. Redington Ltd: Buy at ₹216.40; Target ₹227-232; Stop loss ₹209. The stock performed well yesterday, rallying 4.67% and successfully closing above the important ₹211 level.

HDFC Life surged 8% on Thursday as analysts at most top brokerages retained share price targets after better-than-expected third-quarter results. The stock closed at ₹641.7. «The results were above the expectations of the market, and it seems that the impact on margins has likely bottomed out,» said Abhishek Pandya, research analyst at StoxBox. «The market will also be watching for regulatory clarity regarding bancassurance and potential taxation changes going ahead.»

Subscribe to enjoy similar stories. Today's market session began with a gap-up opening at 23,377 (+163 points). The index subsequently declined 119 points from the opening level to 23,272 but rebounded to close at 23,311.

Subscribe to enjoy similar stories. Indian benchmark indices Nifty and Sensex sustained their upward momentum for a third consecutive session on 16 January, driven by robust gains in metal, energy, and public sector bank stocks. This positive trend followed the softer-than-expected US inflation data for December, boosting hopes for additional interest rate cuts by the US Federal Reserve in 2025.

Hindenburg Research, the controversial short-selling firm, winds down, the impact of its stinging report on the share prices of Adani Group, one of its most notable targets, still lingers. The group's total market value is still 34% below the levels when the Hindenburg report was released on January 24, 2023, accusing the conglomerate of 'stock price manipulation' and 'accounting fraud'. The silver lining is that the conglomerate's financial parameters are pointing to better health. Out of the 11 Adani stocks listed then, seven are yet to recover to the pre-Hindenburg levels though the Nifty index has rallied 29% since then. Three stocks, such as Adani Total Gas, Adani Energy Solutions, and Adani Wilmar, are trading 50-83% lower; while NDTV, Adani Green and Adani Enterprise are down by 30-50%. Adani Power has doubled since the Hindenburg report while Adani Port gained 48%.

Former Bank of Canada governor Mark Carney’s decision to throw his hat in the ring in the race to become leader of the federal Liberal party has led to a shakeup at the top of Brookfield Asset Management.