Wellness Financial News

New York Attorney General Letitia James on Thursday announced a bill to protect the state's consumers and small businesses from scams and deceptive practices from lenders, debt collectors and health care firms.

The chief executive of the Canadian Imperial Bank of Commerce is retiring in October after spending more than a decade in the top post.

The victim, Riyaz Ahmad Bajad, a resident of the tribal area of Chandian Pajan in Kulgam district of southern Kashmir, in his late 20s, went missing on February 13 along with two others, Mukhtar and Showkat from Kulgam, when they were on their way to attend a function. The family registered a complaint when it found they could not be reached as their phones were switched off. The families went from pillar to post to raise the issue but only after the matter was raised by legislators in the ongoing budget session of the assembly. Bajad's body was found in Veshow Nallah in Mah area of Kulgam. «This is what we feared the most, as the forces picked up our men earlier as well but released them after a few days. Now we want the other two people alive,» said a relative of Bajad, who did not wish to be identified. «It seems hot liquid was poured on his head. He didn't have a single strand of hair.» Police informed the family about the body and later handed it over to the family members after medico-legal formalities, said the relative. «The condition of the body was such that we couldn't even bathe it properly,» he said. Bajad is survived by a six-month old baby girl.

Subscribe to enjoy similar stories. The US-India economic partnership is the envy of many. But our joint mission of achieving $500 billion in bilateral trade by 2030 stands on shaky ground.

Aerospace and defence technology manufacturing startup Rangsons Aerospace has raised Rs 300 crore from ValueQuest Investment Advisors. The Mysuru-based company plans to use the fresh capital to expand its operational capacity and drive growth into new business areas through strategic acquisitions. This is the first investment by ValueQuest Tristar Fund, a Category II alternative investment fund (AIF) focused on thematic sectors such as defence, aerospace, and precision engineering.

Subscribe to enjoy similar stories. Sun Pharmaceutical Industries Ltd’s latest acquisition of US-based Checkpoint Therapeutics, Inc. is good news for its speciality business–an area of focus.

Haldiram Snacks Food, India's biggest maker of bhujia and other ethnic snacks, Singaporean private equity firm Temasek signed a definitive agreement to buy 10% in the company at a valuation of $10 billion on Tuesday night, ET has reported based on information from executives directly aware of the developments. To command such a high valuation, Haldiram promoters, the Agarwal family, had been sprucing up its operations. The two business branches of the Haldiram group, Delhi and Nagpur, are being merged through a plan approved by the National Company Law Tribunal (NCLT). The promoter family also roped in a professional CEO in May 2023, a first for the company. Yet, the $10 billion ask by the promoters was not found convincing by several interested parties even though the iconic brand that started in 1937 with a tiny shop in the city of Bikaner in Rajasthan has grown into a mega business sprawling across products as well as territories, commanding leadership in a highly fragmented sector of ethnic savouries and snacks.

Eight of the top ten IT stocks have entered bear market territory, including Infosys, HCLTech, and Tech Mahindra. LTIMindtree experienced the most significant drop from peak levels, falling 33%, while Wipro, though performing relatively better, still saw a 16% decline.

Keki Mistry, Former VC & CEO, HDFC & Independent Director in Several Companies, says he would be surprised if India’s growth is not 7% or very close to 7% by the second half of the year. If monsoons are good, food prices continue to remain low, and there is low geopolitical uncertainty, then we can cross 7% in the latter part of the year. Mistry also says that the risk to India from tariff threat is far lesser than the risk to countries like China, Canada or any of these European countries. India is hugely dependent on the domestic economy though exports make for 22-23% of GDP and the US accounts for 16-17% of total exports. So, the proportion of the impact it will have on India will be lesser than in most other countries. FMCG, retail, also the IT sector will do well because of rupee depreciation.

Hindustan Unilever Limited (HUL) has announced the resignation of Leo Puri as an Independent Director of the company, effective June 30, 2025. Puri, who has been serving on HUL’s board, has stepped down due to an increase in his board commitments, including his proposed appointment to the board of a global entity. Puri’s resignation is also because of the overboarding criteria for Independent Directors under the European Corporate Governance requirements, the FMCG major confirmed in a regulatory filing on the stock exchanges. With his resignation, Puri will also step down as Chairperson of the Risk Management Committee, ESG Committee, and Independent Committee Puri also holds independent directorships in Dr. Reddy’s Laboratories and Fortis Healthcare. At Dr. Reddy’s, he chairs the Stakeholders Relationship Committee and is a member of the Nomination, Governance, and Compensation Committee, as well as the Science, Technology, and Operations Committee. As recent as December, he was also appointed as the Chairperson of Fortis Healthcare’s board.

«So, we feel that this back and forth action is what is happening in the market as of now. A) there is lack of leadership. We saw metals doing well last week, again follow-up buying is not happening in this week,» says Rahul Sharma, JM Financial Services. What do you make of the market setup? It seems like the market has been gradually recovering but a lot of volatility still persists. Rahul Sharma: So, markets are into that zone where the grind is essentially the base formation that we have spoken of in the past and we feel that it could spend some more time in this broad range with 22,700, 22,800 as the very stiff resistance at the higher side and 22,000, 21,800 being a very strong support equally on the downside.

Pi Network Coin rose 13% to $1.68 on Thursday, partially recovering from recent losses. However, the cryptocurrency remains down 44% from its all-time high of $2.98, underscoring ongoing volatility in the broader crypto market. The crypto market rebounded strongly, with Bitcoin surging to $84,000 and XRP rising 4%, while Ethereum, BNB, and Solana also posted notable gains.

Subscribe to enjoy similar stories. Last weekend belonged to Manus, a Chinese artificial intelligence (AI) super-agent that can reportedly handle up to 50 complex tasks simultaneously. Videos of it managing transactions while deep researching another topic and autonomously launching websites, while also planning your dream vacation, took over the internet.

Anurag Singh, Managing Partner, Ansid Capital, says every company in the US market is beating the numbers on Q4, but they are giving a weaker or a very cautionary guidance and that is when the markets correct. All the revisions from the analysts and everything for Q1, Q2, the earning revisions are the projections that are being downgraded. It is not that the actual earnings are low, but the projections are. What is shaping up in the global markets and especially the US because there are recessionary fears. But other than that, it is the CPI data that is cooling off. Give us your reading and sense on where the US market is headed, taking cues from all of the macro data. Anurag Singh: CPI came in good and I am of the view that with the efficient cutting of government spending that this government is doing along with the DOGE effort, we have seen the peak of the inflation already. If there was one worry whether inflation will cool down or prove to be sticky, it is now reasonably sure that inflation is not a worry. The worry is moving more towards the recession side, but certainly not on the inflation side. So, on that front, the news is good but there is a whole set of worries that the market is now thinking about.

«Policy relaxations in terms of risk weightages, ignored by the markets, and the third important point is the policy rate cut action after five years ignored by the markets,» says Pankaj Tibrewal, IKIGAI Asset Managers. Well, could have been better if markets were better. Pankaj Tibrewal: These are all cycles. You have seen it all across. So, we should not be too worried and on the contrary, after a long time, we have started to turn a bit constructive on markets now.

global trade war with further tariffs on European Union goods, as major U.S. trading partners said they would retaliate for trade barriers already erected by the U.S. president. Just hours after Trump's 25% duties on all U.S. steel and aluminum imports took effect, Trump said he would impose additional penalties if the EU follows through with its plan to enact counter tariffs on some U.S. goods next month. «Whatever they charge us, we're charging them,» Trump told reporters at the White House. Trump's hyper-focus on tariffs has rattled investor, consumer and business confidence and raised recession fears. He also has frayed relations with Canada, a close ally and major trading partner, by repeatedly threatening to annex the neighboring country. Canada, the biggest foreign supplier of steel and aluminum to the United States, announced 25% retaliatory tariffs on those metals along with computers, sports equipment and other products worth $20 billion in total. Canada has already imposed tariffs worth a similar amount on U.S. goods in response to broader tariffs by Trump. «We will not stand idly by while our iconic steel and aluminum industries are being unfairly targeted,» Canada's Finance Minister Dominic LeBlanc said.

Subscribe to enjoy similar stories. Blackstone Group Inc of the US will build out its credit and infrastructure verticals in India to complement its private equity (PE) and real estate businesses, senior executives at the firm said, adding that the firm is expecting to double its India assets under management (AUM) over the next three years. “We have a global (credit) business of over $450 billion in assets that we hope to bring into India," Blackstone’s chairman, chief execuitve officer and co-founder Stephen Schwarzman said in a media interaction in Mumbai.

Vedanta Ltd's promoters will maintain over 50% stake in each of its demerged entities, as the focus remains on creating pure-play companies which will be better placed to capitalise opportunities, the group's chairman said. The mining conglomerate is looking to demerge its businesses — aluminium, oil & gas, power and steel- as separate entities. At present, these businesses are subsumed within Vedanta Ltd, the Indian subsidiary of UK-based Vedanta Resources. «We realised that most of our businesses are sitting under a large banyan tree structure, that is Vedanta. It is better to take them out and allow them to grow in the sun,» Vedanta Resources chairman Anil Agarwal told ET during an interaction. There is no need for a stake sale for cutting debt at the holding company level, he said. «We are very comfortable with our shareholding levels and have no plans to pare down our promoter stake in any way. Equally, we have no plans to increase our stake in any of the companies that will be demerged,» he said, explaining that the company is sufficiently funded to manage affairs through internal accruals. But it is open to selling the steel business if a «right price» is offered.

Inflation receded in February on the back of easing price pressures for consumer staples like gasoline, groceries and housing, amid worries that President Donald Trump's tariff policies could stall progress.

Subscribe to enjoy similar stories. The biggest single-day fall in the price of IndusInd Bank shares on Tuesday, 11 March, wiping out more than a quarter of its market value, raises a number of questions. The sharp sell-off followed the lender’s disclosure of accounting discrepancies related to its derivative trades, triggering a spate of analyst downgrades.

Different investment products cater to the distinct needs of various individuals. Mutual funds and portfolio management services (PMS) are examples of such products. While mutual funds have a ticket size of as low as ₹100, PMS schemes require a minimum investment of ₹50 lakh, mainly catering to high-net-worth individuals (HNIs).