Wellness Financial News

Arax has just taken a massive step to expand its wealth management capabilities with a deal in Texas. The wealth firm announced the incorporation of U.S. Capital Wealth Advisors, a step that elevates Arax’s assets under management to more than $16 billion.

If rates remain high, or climb even higher, should advisors pull the plug on PE? When both legs of the 60/40 portfolio – stocks and bonds, that is – wobbled back in 2022, advisors found refuge in private equity products, whose liquidity is typically more like syrup dripping from a jar than water cascading off a cliff.

TORONTO — Royal Bank of Canada faced a steady stream of questions about the bank’s climate and Indigenous rights track record at its annual general meeting Thursday.

Canada’s productivity problem has gone from bad to worse, a panel of economists told a conference in Toronto Thursday.

nimesulide, a commonly used painkiller, be watchful. Pharma standards body Indian Pharmacopoeia Commission (IPC) has issued a drug safety alert over nimesulide, saying the pill can trigger rashes on the skin (fixed drug eruption). It asked consumers and healthcare professionals to closely monitor the use of the drug and report any adverse reaction to the National Coordination Centre-Pharmacovigilance Programme of India of the IPC. According to the IPC, the drug is used in inflammatory conditions including joint disorders like rheumatoid arthritis, post-traumatic and post-operative painful conditions and fever, as well as in acute pain in orthopaedic, ENT and dental conditions.

Trishakti Corps, Indian Army, conducted a training exercise on Anti-Tank Guided Missile (ATGM) firing at a Super High-Altitude Area of 17,000 Feet in Sikkim. Missile Firing Detachments from Mechanized and Infantry Units of the entire Eastern Command participated in the training exercise. The training exercise encompassed comprehensive continuity training and live firing from different platforms on moving as well as static targets, depicting battlefield conditions.

British Columbia is proposing legal changes that would allow the government to regulate the supply of electricity to cryptocurrency miners.

India's economy is poised to achieve 8-9% growth, Confederation of Indian Industry (CII) president R Dinesh told ET in an interview, highlighting land, labour and manufacturing reforms as the key focus areas for the new government, which he said will also spur private investment. «We should consider establishing a fund to support new-age manufacturing, similar to the Innovation Fund that the government has already announced. This will play a crucial role in scaling up capacity and capability to create larger large-scale Indian manufacturing businesses,» said Dinesh, who is also the executive vice chairman of TVS Supply Chain Solutions. He further advocated a fund to assist micro, small and medium enterprises with operational expenditures, capital spending and green transitions.

Mercedes-Benz has raced ahead of rival BMW to wrest the leadership position in India's fast-growing luxury EV segment for the first time last quarter. Mercedes-Benz sold more than 350 EVs in the three months ended March 31, compared to 211 EVs by BMW India in the same period. Mercedes-Benz has also firmed up plans to launch three new battery electric vehicles this calendar year to further consolidate its position in the EV space. This will form part of the dozen new models the company plans to introduce during the year.

India’s finances wouldn’t look that pretty if fuel-stoked infl ation rearers its ugly head. A Morgan Stanley study showed if global crude oil prices rise to $110-120 a barrel in the next 3-4 months due to supply or geopolitical concerns, India’s infl ation fi ght could stretch.

business school Insead has no plans to open a campus in India, its dean, Francisco Veloso, told ET in a recent interaction. However, the institute is committed to developing and strengthening industry-academia research in future with top Indian multinationals and large startups, as well as expand and enhance educational collaborations here, said Veloso, a professor of strategy who took over as the dean of the institute in September. Last year, the University Grants Commission notified guidelines for foreign universities to set up campuses in India.

Question Hour (QH) is a powerful tool in the hands of the Legislature to question the Executive. In India, each Lok Sabha session begins with the QH from 11am till noon, in which parliamentarians pose a range of questions for various ministers to answer on a range of policy matters. The questions need to be given around two weeks in advance, so the ministers who respond have adequate time to prepare their answers.

In my early days as an investment analyst, I was once pitching a stock to my fund manager boss. Two minutes into the pitch, he asked me “What’s the weight?" I had no idea what he was talking about and so I later asked one of my senior colleagues what he meant. Most institutional investing in India is of the relative return type, which means that every fund is benchmarked against an index and a fund manager’s competence or otherwise is measured by how well he or she performs against the benchmark.

U.S. markets are far outpacing their global counterparts in 2024, continuing a decade-long trend of strong growth compared with the rest of the world

A Vietnamese real estate tycoon has been sentenced to death in the country’s biggest ever financial fraud case

The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what’s traditionally the busiest time of the year for home sales

U.S. producer prices rose in March from a year earlier at the fastest pace in nearly a year, offering more evidence that progress against inflation may have stalled this year and raising doubts about whether and when the Federal Reserve will start cutt...

The cryptocurrency market is currently brimming with bullish momentum and an overall positive sentiment. The surge in the prices of cryptocurrencies across the board has prompted a notable uptick in market liquidity as well as investor confidence. With the Crypto Fear & Greed Index indicating Extreme Greed among investors, the month of April is set to be exciting for the crypto market. 

In the highly competitive world of e-commerce, our goal is to explore new possibilities by leveraging the potential of Web3 and decentralization. Our approach is simple: we aim to remove barriers in online shopping through a gamified and permissionless environment , giving consumers greater control over their experiences.

BALTIMORE—Jonathan Daniels took over this city’s port two months ago with a mandate to expand it. As he looks outside a 20th-floor window, it is clear how much his job has changed. In the distance is the mangled wreckage of the Francis Scott Key Bridge and the 984-foot containership that brought down the span in late March.

Jasprit Bumrah was asked about his earlier plans to relocate to Canada. "We have had these conversations before. Every boy wants to make it big and play cricket.