Wellness Financial News

As more older Americans navigate financial uncertainty, a significant chunk of the workforce is opting to gradually transition into retirement, according to a recent survey by WTW.

NEW DELHI : Sinch AB, a Swedish communications platform service provider, will enable rich communication services (RCS) messaging to users of major Indian telecom companies. After partnering with Vodafone Idea Ltd and Reliance Jio Infocomm Ltd, Sinch has now onboarded Bharti Airtel Ltd as well. Global chief executive Laurinda Pang told Mint in an exclusive interaction that Apple enabling RCS on iPhones has opened up an opportunity for the technology in markets like the US and Europe.

By Howard Levitt and Madelena Viksne

Brookfield Asset Management Inc. is asking banks to line up about €9.5 billion (US$10.6 billion) of debt for its potential take-private deal for Spanish pharmaceutical producer Grifols SA, according to people with knowledge of the matter.

Time CEO Jessica Sibley made the layoff announcements on Tuesday to her staff. She listed several business challenges, such as decreased advertising budgets, changing consumer behaviour, competition, and a need to concentrate on coverage areas with higher growth, like health, artificial intelligence, and climate change. In order to guard against this time of change and volatility in the media sector, TIME is currently implementing adjustments throughout the entire company. Twenty-two positions at Time magazine, including those in editorial, technology, sales & marketing, and Time Studios, are being laid off. Also Read: Could your daily meat habit be boosting your risk of type 2 diabetes? Here is all you need to know

Solana’s promising GambleFi token, Mega Dice ($DICE), has now raised over $1.7 million in its ICO as investors continue to support this established name in the online betting world.

In half-year results published today (21 August), the £885m trust posted a net asset value total return of 13.1% and share price total return of 11%, against the 7.4% gain recorded by the FTSE All-Share index. Temple Bar's chair Richard Wyatt said the results reflect «strong stock selection» in market conditions that have been «supportive» of the portfolio managers' value investing approach. The outperformance enjoyed by the trust came on the back of solid gains made by its positions in NatWest Group, Barclays, ITV and Anglo American, as well as in the Dutch insurer NN Group, with all...

Arranged Marriage, he said in an interview that he had always thought that Punjabi was India’s first language, until he landed in India and found out otherwise. Now, something opposite happened to me when I landed at the Heathrow Airport in London in July, knowing fully well that English was the first language of the people living in the United Kingdom. But the only language I could hear around me at Heathrow was Hindustani—the lingua franca of the people of North India and Pakistan.

Check out what's clicking on FoxBusiness.com.

Indian retail industry ranks fourth globally and accounts for more than 10% of India’s gross domestic product (GDP). Rising disposable incomes, rapid urbanisation, technological advancements, increased brand awareness, and improved shopping experience are significant growth drivers of the retail industry. Within this fast-paced industry, two players have captured the nation's attention with consistent growth in revenue and profits.

Recently, writing in the Economic Survey, the chief economic advisor observed that it is worth exploring whether India’s inflation targeting regime should focus on non-food inflation. The reasoning was that monetary policy is more effective in counteracting price pressures that arise out of excess aggregate demand, whereas food inflation is usually on account of supply constraints. In contrast, the Reserve Bank of India (RBI) governor recently spoke after the monetary policy meeting and observed that food inflation is a major factor in determining inflationary expectations and therefore continues to be a matter of concern.

«It is good if this can come up and with a good network of ports and connectivity. We are there to meet that requirement if it comes up. Second, your question was on where do we buy our ships from? We buy our ships in the second-hand market. We do not issue equity as a company and we have strict balance sheet criteria with regard to how much debt we take,» says G Sivakumar, ED & CFO, GE Shipping. I want to talk about your recently sold that older MR product tanker and took delivery of comparatively younger MR product tanker as well. Tell me, what kind of efficiencies does it really bring on the table for you with regards to financials? Also, are you anticipating any further changes in your fleet? G Sivakumar: Yes, we have been doing these transactions now for the last nine months. We have already sold out four ships, which are among the older vessels, and we have replaced them with slightly more modern ships of the same kind. This is twofold.

MK Surana, Former CMD, HPCL, says crude below $80 and the cracks at $13 for HSD and $11 for MS, make OMCs well placed on overall setup. Also, many of these OMCs are going on a new path. OMCs are in a stage where there is a growth potential with a surety of the existing cash. Of course, the overhangs on the pricing part continue to be there, the possibility or not possibility of some interventions. Pure EV play may take some more time and the hybrid may be more common in the near future to come and that augurs well for the OMCs. How do you see the outlook for oil marketing companies? On the one hand, Brent is continuously under check, under $80 now and on the other hand, these OMCs are transforming beyond just being distributors of traditional fuel as well. MK Surana: The stage looks good as of today because the crude is below the psychological mark of $80. The global demand weakness as per many of the agencies who forecast is getting moderated from all the three agencies who have been doing IEA, EIA, or OPEC. The Indian demand is good on the overall while the global demand is lower. People have started recognising the weaknesses in China's demand growing in the current phase.

Stree 2," directed by Amar Kaushik, is receiving a lot of love from the audience for its horror-comedy blend and its striking antagonist, Sarkata. This supernatural character, causing havoc in the town of Chanderi, is portrayed by Sunil Kumar, also known as The Great Angaar in wrestling circles. Kumar, who stands at 7.7 feet tall, not only engages in wrestling but also serves as a constable in the Jammu and Kashmir Police. Sunil Kumar, hailed as the Great Khali of Jammu, plays the role of the headless monster Sarkata in «Stree 2.» Born on December 16, 1990, Kumar has previously participated in a WWE Tryout in 2019 and expresses aspirations to represent India in the WWE Championship. Despite his imposing stature, it’s important to note that Sarkata’s face in the film was created using CGI, while Kumar’s body shots were used for the character. According to director Amar Kaushik, the casting team discovered Kumar because of his height and physique. «My team found Sunil Kumar and chose him for Sarkata's role mainly due to his height and physical stature,» Kaushik shared with Bollywood Hungama. «While Kumar’s body shots were used for the character, Sarkata’s face was created using CGI.»

Bharat Electronics Ltd. traded 0.08 per cent higher in Wednesday's session at 11:26AM (IST). The stock opened at Rs 303.15 and has touched an intraday high and low of Rs 305.7 and Rs 303.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 340.35 and a 52-week low of 126.8. About 191,239 shares changed hands on the counter so far.

Tata Elxsi Ltd. gained 0.61 per cent to Rs 6967.8 in Wednesday's trade as of 11:46AM (IST). It hit a high of Rs 6994.3 and low of Rs 6917.0 during the session. The stock quoted a 52-week high price of Rs 9191.1 and a low of Rs 6406.6. The return on equity for the stock stood at 31.61 per cent. About 1,609 shares have changed hands on the counter so far.

ICICI Securities Ltd’s application for delisting the company from the stock exchanges on Wednesday. The division bench of Justice Virendra Singh G. Bisht and a technical member Prabhat Kumar, while approving the scheme in an oral order, also dismissed two applications that objected to the delisting scheme. The detailed order was not uploaded till the time of filing the story.

Santosh Rao, Head of Research, Manhattan Venture Partners, says more than 50 basis points rate cut by Fed would cause panic. It means the economy is deteriorating and they do not want that to happen. As long as they keep cutting rates, 25 bps, gold will be steady. But if they cut a lot, gold will go spike much higher. $3000 is in the bag at that point. What do you make of gold at $2,500? We understand that investors are looking at the Fed's rate cut decision to major escalations in the Middle East and the Russia-Ukraine conflict, but to what extent do geopolitical tensions drive these prices, and for how long will gold remain at these elevated levels? Santosh Rao: There is a fundamental shift in the way investors are looking at gold. It was a safe-haven trade in the past, but now it has become a big part of a diversified portfolio. It does move with the stock market, but not one-to-one correlation. When the stock market fell recently in the US, gold fell as well, but not as much. So, it outperformed the broader indexes.

Mint columns that I debunk the super cycle theory in oil and gas. Part of the reason is I have seen the sale of “ghost ships" grow exponentially in the past 10 years. Most of the spike came after the Covid lockdowns in 2020.

Saurabh Mukherjea, who runs Marcellus PMS firm, has added smallcap stock CMS Info Systems and two new midcaps — Coforge and Escorts Kubota — while exiting Tata Elxsi from his Rising Giants fund. The midcap-focused fund has underperformed BSE500 TRI across one-month, 6-months and one-year time periods. «We continue to make suitable changes in the portfolio to create more diversity and bring the healthy earnings growth trajectory back in the portfolios,» Mukherjea told clients in a note.

Accel has invested $9 million in Uppercase, nearly doubling the new-age luggage maker’s valuation after the investment to $60 million. The investment is earmarked for fuelling the brand’s expansion through new retail stores domestically as well as in Europe and the Middle East by next year, cofounder and managing director Sudip Ghose told ET. ET had reported on May 31 about Accel, an early investor in Flipkart, having discussions to invest in Uppercase, underscoring investor interest in new-age consumer retail brands.