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Subscribe to enjoy similar stories. Over 650 million adults globally suffer from obesity, and this number is only expected to rise. Simultaneously, the market for weight-loss drugs is experiencing a revolutionary shift, driven by advances in treatments like Ozempic, Wegovy, and Zepbound—three drugs that are showing remarkable results in combating obesity.

If there’s one job in banking that might be considered immune to the business cycle, compliance would be it.  It’s the one true secular growth industry – year in, year out, there is more regulation to comply with, and therefore more need for people to check that compliance is happening.  And although it’s not considered one of the better paid specialisms, there is always the possibility of coming across some really bad misbehaviour and cashing in through one of the extremely lucrative whistleblower programs.

The annual review season at a big bank is a strange phenomenon – it isn’t quite the same thing as the bonus round, but nor is it completely separate.  Although the biggest driver of compensation is always your market value, in the sense of what your boss thinks you might be offered elsewhere, it’s often difficult to get the really big payouts if you’re not scoring well.  And if you are trying to get promoted to Director or Managing Director, you really need to be lighting up those “Exceptional” or “Significantly Exceeds Expectations” rankings to fill out your promotion case.

The NSE Nifty index traded 173.16 points up at 23760.65, while BSE Sensex was 586.21 points at 78627.8 as of 10:18AM(IST)on December 23.

Axis Securities has initiated a coverage with a buy call on Shriram Finance with a target price of Rs 3825. The current market price of Shriram Finance is Rs 2938.4. Shriram Finance, incorporated in 1979, is a Large Cap company with a market cap of Rs 109946.78 crore, operating in NBFC sector. Shriram Finance's key products/revenue segments include Interest, Other Operating Revenue, Fees & Commission Income, Income From Financial Services, Income From Sale Of Share & Securities, Dividend and Rental Income for the year ending 31-Mar-2024.

«So, net-net, I think, okay, there is some back and forth going on, we had the surprise from the Fed chair, but overall, the tailwind is still there coming into 2025,» says Santosh Rao, Manhattan Venture Partners. Where is the Santa? Santa is supposed to come year end, Santa rally is missing. Santosh Rao: We still have a week left, so I am sure we will get a little bit more. The whole thing is, at a broader picture, we will have the benefit of doubt, we will have the Trump rally. We are still not sure if it was pulled forward, I do not think so. The market is still good. The fundamentals are still good. Yes, inflation is sticky, there is fear of the budget deficits, there is fear of tariffs and lower taxes. All this trifecta of events are still weighing on the long-term bonds. So, the bond market, the yields are going up there.

Coforge Ltd.(up 1.0 per cent), Wipro Ltd.(up 0.61 per cent), HCL Technologies Ltd.(up 0.47 per cent), MphasiS Ltd.(up 0.47 per cent) and Tech Mahindra Ltd.(up 0.46 per cent) were among the top gainers.

Sampat Bhansali, 41, is based in Bengaluru, where he owns a small apartment that he has rented out. He lives in a larger apartment with his family on the outskirts of the city, closer to his workplace.

Subscribe to enjoy similar stories. THE BOSSES of America’s trillion-dollar technology giants represent two CEO archetypes. First, the eccentric visionary founder: Mark Zuckerberg of Meta, Elon Musk of Tesla and Jensen Huang of Nvidia are obsessed with their products; wield untrammelled power thanks to the strength of their will, the size of their shareholding, or both; and make questionable sartorial choices.

₹149.5 crore via its anchor book, which was initiated on December 20, prior to its IPO. The company has allocated half of the total issue size for qualified institutional buyers (including a portion of up to 60 percent designated for the anchor book), 15 percent for non-institutional investors, and the remaining 35 percent for retail investors.The Initial Public Offering (IPO) of Unimech consists of a fresh equity issuance of up to ₹250 crore alongside an offer for sale (OFS) not exceeding ₹250 crore by selling shareholders from the promoter and promoter group.

₹179.39 crore, will close for subscription on Monday, December 23. After two days of bidding the issue was booked 37.34 times.The Qualified Institutional Buyers (QIB) portion was subscribed 4.74 times, the Non-Institutional Investors (NII) segment was booked 49.45 times, and the Retail segment was subscribed 50.55 times.

Ashoka Buildcon will be in focus in Monday's trade after the company signed an agreement to invest Rs 9,000 crore in Bihar. The funds will be used for setting up a green hydrogen plant in Bihar, its COO-Renewable Energy Mayank Sharma said.

«Our GDP numbers came lower. If you see the corporate tax collection growth which the data came, it is just about in high single digit, that shows that even the earnings going forward may not see any meaningful upside,» says Gurmeet Chadha, Complete Circle Consultants. Help us with your take on the markets. How do you see the weakness and especially the weakness that we are seeing on the broader markets? Do you believe that we could be in for some more weakness from these levels? Gurmeet Chadha: So, if you see, I made this point in our previous interactions, whenever the bond yield in US surges, whenever the dollar index crosses 107, I think we see heightened volatility, which again is the case.

Subscribe to enjoy similar stories. The Indian rupee has been under pressure in recent months, with more of it being converted into US dollars than the other way round. Last week, its exchange rate slipped below ₹85 to the dollar.

“I wish my wife understood that debt is ruining us,” lamented a husband elsewhere. She was insistent that borrowing was about using other peoples’ money smartly. Their savings were locked in several residential properties, mostly small and distantly located. She told him that delays were part of the process and that they would be rich soon. Did he tell her that there was no money for the upcoming college admission of their son? Recognise financial abuse in whatever form it presents itself. If someone controls your money matters because your abdication was interpreted as approval, check yourself for resentment. Speak up if you don’t like how your money is being used. If someone restricts your ability to earn, spend, save, invest, or give, they may be using money to control you. Money decisions in a household require transparency, discussion, approval and understanding, if they must remain fair and equitable. Set that standard and do what it takes to get there.

After the bonanza of recent central bank decisions, this week is much quieter with only the minutes of a few of those meetings due. There are no Federal Reserve speeches and U.S. data is of secondary importance.

Subscribe to enjoy similar stories. Top billionaire investor and D-Mart promoter Radhakishan Damani opposed the candidate for chairmanship proposed by British American Tobacco (BAT for its Indian unit VST Industries Ltd, leading to his rejection at a shareholder vote, according to voting disclosures and an executive privy to the development. Opposition from Damani, who owns nearly a third of India's third largest cigarette maker, marks a rare episode of opposition from the investor who holds more than 1% shares in 11 publicly listed companies.

Subscribe to enjoy similar stories. Companies lending against gold are auctioning the collateral in higher quantities to recover stressed loans, at a time of rising regulatory scrutiny over the sector. Gold auctions that rose sequentially in the second quarter are expected to rise further in the ongoing December quarter, experts said, since directions from the Reserve Bank of India (RBI) pertaining to gold loans came only at the end of the second quarter.

Subscribe to enjoy similar stories. Government capex would align with nominal GDP growth in times to come while private capex is expected to gather pace over the next three to five years, driven by higher capacity utilisation and an uptick in investments in emerging sectors such as renewables and electric vehicles, according to Hari Shyamsunder of Franklin Templeton. Shyamsunder, vice president & senior institutional portfolio manager—emerging markets equity—India at the company, said the slowdown in corporate earnings in the second quarter ended September was temporary.

Digital Vishwavidyalaya Bill — a budget 2022 promise to set up a digital university — has gone through legal vetting but is yet to be approved by the Union Cabinet. The other is the plan to set up a single higher education regulator under the National Education Policy 2020. Temple Run Jharkhand CM Hemant Soren was on a temple-visiting spree after taking oath as chief minister.