Wellness Financial News

The Bank of Canada‘s June 5 interest rate call is looming ever closer, presenting the tantalizing possibility of a first interest rate cut in just over four years. But there are still hurdles to clear before the central bank can pull the trigger, one Big Six bank economist is arguing.

Biden and former President Donald Trump on Wednesday agreed to hold two campaign debates in June and September, but there were no guarantees that they would happen as their camps appeared far apart on key details like the setting and ground rules for the potential face-offs. The quick agreement on the timetable to meet followed the Democrat's announcement that he will not participate in fall presidential debates sponsored by the nonpartisan commission that has organized them for more than three decades. Biden's campaign instead proposed that media outlets directly organize the debates with the presumptive Democratic and Republican nominees, with the first to be held in late June and the second in September before early voting begins. Trump, in a post on his Truth Social site, said he was «Ready and Willing to Debate» Biden at the proposed times.

Gauri Shankar Nagabhushanam is the Chief Executive Officer, designate CapitaLand India Trust (CLINT), with effect from 16 May 2024. He will assume the position of the Chief Executive Officer of CLINT around August 2024. Gauri is responsible for driving the growth of CLINT, Asia’s first India-focused property trust listed in Singapore. Prior to this appointment, Gauri was Chief Executive Officer, India Business Park at CapitaLand Investment, where he was responsible for growing the company’s business parks portfolio in India. This includes investments, development, operations, asset management, and strategic planning for business parks in the country.

health update on former US President Jimmy Carter has been shared by his grandson. While speaking at the Rosalynn Carter Georgia Mental Health Forum on Tuesday, Jason Carter stated that Jimmy Carter “is coming to an end”. According to him, the former president was doing well under the present circumstances but the end was visible.

unemployment rate for people aged 15 years and above in urban areas declined to 6.7 per cent in the January-March period from 6.8 per cent a year ago, according to the National Sample Survey Survey (NSSO). Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force. The unemployment rate in the March quarter of FY23 was 6.8 per cent, while it was 6.6 per cent in April-June as well as in the third quarter (July-September 2023) of the previous fiscal. It was 6.5 per cent in October-December 2023. The unemployment rate for people aged 15 years and above in January-March 2024 was 6.7 per cent in urban areas, the 22nd Periodic Labour Force Survey (PLFS) showed.

WhiteOak Capital Mutual Fund on May 14 announced the launch of their new fund offer (NFO) – WhiteOak Capital Special Opportunities Fund.

Innov8, a leading coworking startup, has announced the launch of its newest center in the prime Aerocity area of Delhi. The facility spans 9,500 sq ft, 217 seats, and 4+ conference and meeting rooms.

Are you a frequent traveler and looking for a credit card with exclusive features and benefits on international travel? It’s a good idea to go for a card that offers complimentary domestic and international lounge access, rewards on flight ticket bookings, low forex markup fee and discount on hotel bookings, among other benefits.

Good news for EPFO subscribers! Now, advance claims are being settled within 3 days, reducing the service delivery time by a significant margin.

DSP Mutual Fund on May 15 announced the launch of DSP Nifty Bank Index Fund, an open-ended scheme tracking Nifty Bank Index. The fund will offer an opportunity to invest in banking stocks at reasonable valuations.

Gone are the days when businesses operated in silos, today the concept of symbiotic relationship between retail and workspace, which is largely called Shop-Cum-Office, is gaining momentum. The rising trend of Shop-Cum-Offices is not a blip on the radar, rather it has changed the dynamics of the commercial real estate market which is expected to clock 7-8 percent growth in 2024 as industry experts suggest.

Bharti Airtel managing director Gopal Vittal said rival Vodafone Idea’s recent Rs 18,000 crore capital raise will increase competition but is good for India’s telecom sector, which requires three strong players. He added that the telecom industry urgently needs substantial tariff repair, ideally via multiple rounds of price hikes to boost average revenue per user (ARPU) to the Rs 300 level as the current returns are way too low. Vittal did not specifically comment on when Airtel would start charging a premium for its 5G services, but conceded that the current high levels of data consumption — in the present 5G at 4G rates scenario — would automatically decline once 5G services are priced in. Airtel’s 5G user base was at 72 million in the quarter ended March 2024, and the telco is adding around 2-2.5 million 5G users a month amid rising device shipments, he added.

15 May 2024 – DappCon, the leading developer conference for Ethereum infrastructure and Dapps today unveils its 2024 agenda. Hosted by Gnosis since 2018, DappCon 2024 will be held from the 21st to the 23rd of May this year at Radialsystem, in the heart of Berlin. Together with EthBerlin, DappCon is the flagship event of the Berlin Blockchain Week and will bring together over 900 builders from the Ethereum space including key decision-makers and thought leaders within the Web3 ecosystem, as well as blockchain pioneers, coding maestros, and tech visionaries.

Mrs. Bectors Food Specialities Ltd.(up 5.24%), Future Consumer Ltd.(up 4.77%), Patanjali Foods Ltd.(up 3.28%), Dodla Dairy Ltd.(up 2.40%), Emami Ltd.(up 2.26%), Tasty Bite Eatables Ltd.(up 2.10%), Zydus Wellness Ltd.(up 1.84%), Dangee Dums Ltd.(up 1.83%), JHS Svendgaard Laboratories Ltd.(up 1.66%) and Vadilal Industries Ltd.(up 0.81%) stood among the top gainers.

₹128 crore and an offer-for-sale (OFS) of up to 12,295,699 equity shares of a face value of ₹10 each by the promoter selling shareholder, Peak XV Partners Investments V (formerly known as SCI Investments V), offloading up to 6,615,586 equity shares; other selling shareholders, Bisque Ltd, who intends to sell up to 5,594,912 equity shares; and Link Investment Trust, who is likely to sell up to 85,201 equity shares, as per the RHP. The company intends to use the net proceeds to fund the following objectives: capital expenditure for the establishment of new centres (42.03 crore); working capital requirements (54.37 crore); and general corporate purposes.

₹28 crore at a valuation of ₹100 crore, said Gambhir, chief executive, Stupa Sports Analytics. “I've seen them (Stupa and its founders) evolve and grow and, in a way, there's a lot of comfort that exists from both sides. We like what Stupa is building and we've seen them transition from what they were initially, a couple of years ago, to where they are right now," Ghouse said.

BlastUP ($BLP) on Blast L2 has just smashed the $6 million pre-sale milestone. Why are experts so excited about this launchpad – and how to maximize your chances to get the airdrop?

10 breathtaking NASA images showing Earth in all its glory; from Shanghai city lights to storm in Arabian sea, see pics The survivor's gratitude extends to Anand Mahindra and the entire team behind the Mahindra XUV300, reaffirming its reputation as a reliable and safe choice on the road. A user reacted, “Ahh! Hope you get well soon.

The Edinburgh-based firm announced back in 2022 that it was undertaking a widespread assessment of all its portfolios and product offerings, which would see the merger or closure of over 100 funds. This was all with the goal of minimising product duplication and simplifying abrdn's overall offering, as well as free up resources, according to the firm, which the latest portfolio rebranding is part of. PIMCO and abrdn funds lose Square Mile rating following manager departures Effective from 16 May 2024, the Absolute Return Global Bond Strategies fund will become the Macro Fixed Incom...

Coal India and NMDC are exploring lithium mines in Chile and Australia, Secretary of Mines V.L. Kantha Rao said on Wednesday. The Indian mines ministry is also encouraging other state-owned companies, such as ONGC Videsh, to scout for critical minerals overseas, Rao told reporters at the sidelines of an industry conference in New Delhi. India will additionally take a delegation to Zambia in June, with executives from the Tata Group and Vedanta, he said. The two governments will discuss the joint exploration of critical minerals such as lithium.

SBI Mutual Fund has filed a draft document with Sebi for an innovative opportunities fund. SBI Innovative Opportunities Fund will be an open-ended equity scheme following the innovation theme. The investment objective of the scheme is to provide investors with opportunities for long-term capital appreciation by investing in equity and equity-related instruments of companies that seek to benefit from the adoption of innovative strategies and themes. The scheme will be benchmarked against Nifty 500 TRI. It will be managed by Dinesh Balachandran and Pradeep Kesavan.