Wellness Financial News

A new report says August rental rates fell in some of Canada’s largest and priciest markets to continue a months-long trend, while prices rose in smaller markets.

Nasdaq 100 and S&P 500 are currently showing a major dip in market trends, and this pattern could easily go through till September, presenting the perfect opportunity for US investors to purchase the stocks and hold their positions for the future.

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

A top Federal Reserve official on Tuesday unveiled changes to a proposed set of U.S. banking regulations that roughly cuts in half the extra capital that the largest institutions will be forced to hold.

Brandon Copeland is a former NFL linebacker turned coach. But the type of coaching he gravitates to isn't in the realm of sports — it's in personal finance.

According to the CFA's How to Build a Better ESG Classification System report, the ESG frameworks put in place across the three regions present challenges due to lack of focus on observable features, as well as the presence of unclear definitions or incomplete logical structures. Chris Fidler, head of global industry standards at the CFA Institute, argued «there is much disagreement about how to categorically define and identify ‘ESG funds'», and added that a better way would be «to have different evaluators classify the same sets of funds» using «three observable features». The first...

Hindustan Unilever (HUL) which comes with a large market share as it assesses the prospects of its ice-cream business. HUL sells ice-cream brands such as Kwality Wall's, Cornetto and Magnum. The companies eyeing HUL's business expect the consumer goods market leader would not just spin off the business but also eventually sell it, ET has reported. RJ Corp that operates quick-service chains KFC and Pizza Hut, handles bottling for PepsiCo and sells the Cream Bell ice-cream, the MMG Group which runs McDonald's in North and East India and is also a franchise bottler for Coca-Cola, as well as the local unit of Nestle SA are among the companies open to evaluating HUL's ice-cream business, depending on the independent committee's decision, as per an ET report based on information from people familiar with the matter. On Friday, the company said it was setting up an independent committee to evaluate «the way forward» for the ice-cream business.

OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for next year, marking the producer group's second consecutive downward revision. The Organization of the Petroleum Exporting Countries in a monthly report said world oil demand will rise by 2.03 million barrels per day (bpd) in 2024, down from growth of 2.11 million bpd it expected last month. There is a wider than usual split between forecasters on the strength of oil demand growth in 2024, partly due to differences over China and more broadly over the pace of the world's transition to cleaner fuels. The reduction still leaves OPEC at the top end of industry estimates.

Also Read: Heavy showers could rain on agrochemical firms' parade in Q2 Meanwhile, PI has made an offer to acquire Plant Health Care (PHC) plc, a UK-based company in the crop protection business, for £32.8 million (about ₹360 crore). However, PHC’s current contribution to revenue would be a mere 1.3%.

In its Revenue and reform report released today (10 September), the think tank said its three proposed reforms could raise over £20bn while still meeting the ‘triple tax test' of increasing tax system efficiency, not breaching manifesto commitments and allowing those with the «broadest shoulders» to take the most significant hit.  CGT in particular «should be a key focus» for the chancellor, according to the Resolution Foundation, by aligning marginal CGT rates for shares with dividend tax rates, as well as taxing capital gains from property like wages.  «In addition, there should be ...

Rajya Sabha member Upendra Kushwaha on Tuesday attacked the collegium system for appointing judges and alleged that it prevented those from backward groups from being appointed in the higher judiciary. The Rashtriya Lok Morcha leader, who recently took oath as a Rajya Sabha member from Bihar, said at a press conference that the «lack of democracy in the judiciary» would be among the issues he would raise in Parliament.

Vibhor Singhal, Director, Nuvama, says whenever a new tech trend pops up, industry experts seem to predict the end of Indian IT, almost like they're writing its eulogy. But time and again, these companies manage to rise from the ashes, leveraging these disruptions for growth. Gen AI will likely follow the same path. The next couple of years will be a testing ground filled with proof of concepts and smaller initiatives. However, as technology evolves and becomes more mainstream, and as businesses get a grip on its advantages and drawbacks, Indian IT firms will rebound and reclaim their market presence. The basic sectoral stance that you have on IT is doubling down on a positive stance. What is making you so positive? Vibhor Singhal: Our stance on the IT sector has been positive for the past two years. We have maintained that the demand environment remains quite strong, which is visible in the deal flow that we have seen over the past two years, despite the macro headwinds the sector has witnessed. What was missing in the sector was the deal flow to revenue conversion, which of course had multiple points, two of them majorly being the new deals being awarded were delayed in execution and the older deals that were there in the pipeline of the companies, the discretionary part of that was being put on hold.

Sarjapura is a small town lying at the very edge of the expanding Bengaluru metropolitan sprawl. It is geographically closer to the town of Hosur than to the centre of Bengaluru. Reaching it by car from Bengaluru airport can sometimes take close to three agonizing hours.

Khoon Goh, Head of Asia Research, ANZ, says every time the Fed embarks on a fresh easing cycle, the dollar tends to depreciate heading into not only the first rate cut but the second rate cut as well. So, I think there is a further downside in the dollar to come in the coming months. The dollar index continues to be fairly volatile. In fact, from those 106 levels, it is down to 101. Even the Indian rupee for that matter had weakened quite a bit and is almost at the lowest point. What is your sense as to where the dollar is headed next? Khoon Goh: Overall, I am still bearish on the US dollar. I believe the dollar is clearly on a downtrend on the back of expectations that the Fed will start its easing cycle next week. And when we look at history, every time the Fed embarks on a fresh easing cycle, the dollar does tend to depreciate heading into not only the first rate cut but the second rate cut as well. So, I think there is a further downside in the dollar to come in the coming months.

«So, thermal; renewable; transmission; distribution with smart meters; pump storage; airports, Jewar, Navi Mumbai, these are all happening sectors,» says Vinayak Chatterjee, The Infravision Foundation. The private sector capex is not starting. We all are waiting, waiting, waiting and watching. Why is that? Vinayak Chatterjee: Actually, it is strictly not true that private sector capex is not happening. Let me outline for you the sectors where robust private sector investment is happening. So, I really do not know why you say that. Take the case of power, there is an uptick in investments by private sector in new green field as well as picking up distressed thermal coal assets and pumping more money into them.

Voltas Ltd. slipped 0.51 per cent to Rs 1809.1 in Tuesday's trade as of 12:27PM (IST). It hit a high of Rs 1838.4 and low of Rs 1806.3 during the session. The stock quoted a 52-week high price of Rs 1838.4 and a low of Rs 806.9. The return on equity for the stock stood at 4.32 per cent. About 21,953 shares have changed hands on the counter so far.

«Various companies are implementing massive projects across the country on green. So far as green is concerned, the discourse has actually changed to 24 by 7 green power, which means the conversations are now about storage,» says Vinayak Chatterjee, The Infravision Foundation. My next question is perhaps based on what you also flagged off right now, which is that new sectors are taking over. Old sectors or traditional sectors are taking a backseat. But the analyst in Bombay also focuses on two big sectors, which is steel and cement. Now, if the new sectors are taking over, old sectors from a private sector capex standpoint, they could take a backseat. So, do you think indirectly, it could have impact on steel and cement demand also, which should grow ideally when the economy is booming, but which may not grow because of new capex? Vinayak Chatterjee: Now, unfortunately, I have to agree with you again.

People like Elon Musk and Steve Jobs at times seemed to have a je ne sais quoi that allowed them to act and behave as leaders of their companies in ways that would have tripped up mere mortals. This past week, Silicon Valley put a name to it: “Founder Mode." It’s a term coined by Paul Graham, co-founder of Y Combinator, an influential startup incubator in the San Francisco Bay Area.

Deepika Padukone and Ranveer Singh are now proud parents. The power couple welcomed their first child, a baby girl, on September 8. The baby received her first high-profile visitor. Mukesh Ambani, the Managing Director of Reliance Industries, dropped a visit to HN Reliance Hospital in Mumbai, where Deepika is currently admitted. As per reports, the tycoon congratulated the couple and blessed the baby. Padukone and Singh were among the guests at Mukesh’s younger son Anant’s wedding earlier this year.

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Traders have built bearish derivative bets on state-owned power sector lenders Power Finance Corp (PFC) and REC promoted by the reversal in the recent bullish momentum in these stocks. On Monday, Power Finance Corp dropped 3.7% to ₹525 and REC declined 2.6% to ₹592. In last five days, the stocks fell around 5% each while the benchmark Nifty shed 1.3% during the same period. Analysts see these stocks falling further as investors are shifting money from recent favourites like PSUs and power stocks to the so-called defensive sectors.