Track Financial News

By Karen Freifeld

Canadian pension funds have been among the world’s most prolific buyers of real estate, starting a revolution that inspired retirement plans around the globe to emulate them. Now the largest of them is taking steps to limit its exposure to the most-beleaguered property type — office buildings.

It's still early for the dividend season to kick into high gear, but it's a good time to start considering building a portfolio focused on companies that share profits with shareholders.

With clouds looming over the commercial real estate market, sales of non-traded real estate investment trusts started 2024 with a downturn, as widely expected, with last month’s non-traded REIT fundraising and sales by financial advisors down 47% compared to January 2023, according to new research by Robert A. Stanger & Co. Inc., which tracks sales of illiquid alternative assets.

Sebi's proposal of allowing mutual fund houses to have a single fund manager to oversee commodity and foreign investments is aimed at reducing the cost of managing the fund, a top official of Anand Rathi Wealth said on Tuesday. Sebi, on Friday, came out with a consultation paper proposing measures to support ease of doing business for Mutual Funds (MFs). In the draft paper, the regulator suggested appointing a single fund manager for domestic and overseas/commodity funds, relaxation of nomination requirement for joint holders and streamlining of prudential norms for passive schemes with respect to exposure to a single issuer within the AMC's group companies. This came after the Finance Minister in the FY24 Budget made an announcement to simplify, ease and reduce cost of compliance for participants in the financial sector through a consultative approach.

corporate affairs ministry is probing various Chinese companies, especially those with links to loan apps, for alleged violations and some of the investigations are at an advanced stage, according to a senior official. In recent times, Indian authorities have been cracking down on entities that are operating loan apps illegally and the ministry has also been acting against companies and related individuals for hiding beneficial ownership. The senior official told PTI that enquiries by the ministry are going on against various Chinese companies, especially those linked to loan apps, and some of the enquiries are at an advanced stage.

corporate affairs ministry is probing various Chinese companies, especially those with links to loan apps, for alleged violations and some of the investigations are at an advanced stage, according to a senior official. In recent times, Indian authorities have been cracking down on entities that are operating loan apps illegally and the ministry has also been acting against companies and related individuals for hiding beneficial ownership. The senior official told PTI that enquiries by the ministry are going on against various Chinese companies, especially those linked to loan apps, and some of the enquiries are at an advanced stage. The ministry, which is implementing the companies law, is mainly looking at whether frauds have been committed at these companies and some of the cases are being probed by the Serious Fraud Investigation Office (SFIO), the official said.

Galaxy Smart Ring at the MWC 2024 on Monday with a promise to redefine the landscape of health tracking while leveraging the advanced capabilities of the Samsung Health platform. During a dedicated session at MWC, Samsung underscored the device's capacity to monitor crucial health metrics such as pulse, body temperature, and more. This data, combined with Samsung's expansive ecosystem, which includes smartphones and wearables like the Samsung Galaxy Watch 6, aims to furnish users with a comprehensive understanding of their overall well-being.

«We reiterate our view to continue with a “buy on dips” approach until Nifty decisively breaks 21,900 levels. However, traders should maintain extra caution in stock selection citing mixed participation and avoid high beta counters,» said Ajit Mishra, SVP — Technical Research, Religare Broking.

By Echha Jain

earnings upgrade-to-downgrade ratio has weakened over the past three months, with 251 companies in the Nifty 500 universe experiencing downgrades for FY24, compared with 152 upgrades, Bloomberg data showed. Among the Nifty 50 companies, 30 experienced downgrades, while 19 underwent upgrades in this period. A Bloomberg earnings upgrade or downgrade is the consensus estimate by equity analysts tracking the stock, indicating expectations of higher or lower profits, respectively.

No praise can be too high for how Shubman Gill and Dhruv Jurel channelled their sense of purpose to secure a major victory for India in Ranchi. Two upright batsmen, both playing with straight bats and nimble feet, accessing areas of the ground with little risk, put on an unbeaten stand of 72 to seal the deal. Gill, with a two-day stubble and batting in a cap against the spinners, was the picture of calm.

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Mint. “Kurta is still a small category for the brand—we want to make it a decent-sized business for us. Ever since Taneira was launched, the focus was on sarees.

NEW DELHI : The Union government is on track to achieve its capital expenditure target for the ongoing financial year, a senior government official said, riding accelerated spending on key infrastructure projects essential to spur economic growth. Till early February, the government had spent about 80% of its total capital expenditure target for FY24, according to a briefing by the finance ministry on Monday.

Stock markets have room to extend gains beyond record highs if the economic outlook remains upbeat and investors pour money into recent laggards, according to Goldman Sachs Group Inc. strategists.

(MWC) 2024 in Barcelona, Samsung has taken the tech world by storm with the introduction of its latest innovation – the Samsung Galaxy Ring. Unveiled for the first time, this wearable device promises to redefine the landscape of health tracking, leveraging the advanced capabilities of the Samsung Health platform.

Akaay on February 15. India have remained test cricket's most tourist-unfriendly destination for over a decade and even England's gung-ho 'Bazball' approach could not change that reality on Monday. India's five-wicket victory on a spiteful track in Ranchi was not really a cakewalk, thanks to England's never-say-die spin attack.

In the early days of blockchain, as the industry was starting to make waves with the greater public, Ethereum was growing into a thriving ecosystem.  Launched publicly in 2015, the platform was designed to evolve beyond Bitcoin, focusing on decentralized applications rather than acting as a store of value.  While it has and remains the leader of blockchain ecosystems (Bitcoin may be worth more, but Ethereum’s massive adoption from developers has no equal), by 2017 the gas fees were becoming more and more unwieldy.

By James Oliphant and Nathan Layne

Cryptovsummit, an event organized by DoubleMorgan and led by its founder Mena Botros, has become a cornerstone in the crypto industry, particularly in the Dubai region. With a successful track record of five years, this annual event has consistently drawn investors, fostering crucial long-term business relationships. The upcoming edition on April 17th, 2024, in Dubai, U.A.E promises to be especially significant as it coincides with the Bitcoin halving, creating an atmosphere of anticipation for groundbreaking developments in the crypto space.