Wellness Financial News

The Supreme Court has revived a requirement that owners of millions of small businesses register with an arm of the Treasury Department under an anti-money laundering law

Subscribe to enjoy similar stories. When it comes to big techs, Oracle is hardly small-fry. But the 47-year-old software titan still has to play its hand deftly when it comes to the ultra-expensive game of artificial intelligence.

Ajay Vora, Executive Vice President and Head — Equities, Nuvama Asset Management, says a consolidation phase is happening. If you're looking to invest, focus on areas where growth forecasts are improving and visibility is increasing. For example, banks are currently in a value phase, but investing in them requires a longer-term perspective. Your investment strategy will guide your choices, but there are good opportunities available in the market. What to make of this weakness in some of the financials? Everyone says the valuation is comfortable and the worse with respect to asset quality is perhaps over. The competition from MFI, etc, also has come down. Then why are people still not interested in buying some of these financials afresh? Ajay Vora: It is clearly the lack of growth. If you look at the largest private sector bank which reported the numbers, the NII growth was less than 10%, the PAT growth was around 2%. Until the time we do not get clarity on the growth, valuations may look cheap but I think that is clearly not the reason for someone to get in unless and until we get more clarity on the growth coming in the next few quarters.

Saudi Arabia’s crown prince says the kingdom wants to invest $600 billion in the United States over the next four years, comments that came after President Donald Trump mused about returning to the kingdom as his first foreign trip

Mangesh Bhadang, Senior VP, Centrum Broking, says December has seen substantial cement price hikes in the non-trade segment. There have been some hikes in the trade segment as well. That is going to have a very positive effect on the realisation of cement companies. So far, the higher prices have sustained and have been absorbed in the market. So, Q4 could be a bumper quarter after a long time for the cement sector. What do you make of the earnings that we have till now because overall in the last couple of months or so, we have seen a lot of these upgrades and positive notes flowing in on the cement counters where hopes were pinning on some of the price hike stability. Other than that, the realisation expectation was positive. But given the earnings disappointment, do you feel that the most of the disappointment in Q3 is already priced in and the analysts are now looking for the way forward in terms of better realisation and pricing? Mangesh Bhadang: As you rightly said, anyway we were expecting that Q3 will not be a blockbuster quarter, but because Q2 had been so weak, sequential improvement could definitely be there. Out of the cement results that have been declared, Dalmia Bharat probably was the right comparable to look at for the industry wide points that we can take out.

Subscribe to enjoy similar stories. Companies are squeezing every efficiency out of their teams. More of them now figure the least they can do is give employees “unlimited" paid time off.

Subscribe to enjoy similar stories. The importance of succession planning, whether in the context of corporate leadership or governance roles, cannot be over-emphasized. For business operations, the value of having a plan in place is well understood by now.

Amazon Canada says it will close all seven of its Quebec warehouses and lay off staff over the next two months.

Hindustan Unilever (HUL) posted a third consecutive quarter of disappointing performance this fiscal with 2% growth in revenues and flat volume growth. The net profit growth would have also been flat but for the profit from the divestment of the Pureit water-purifier business. The Ebitda margin dropped 20 bps to 23.5% under pressure from increased raw material costs. While urban demand continued to remain subdued, rural demand sustained its gradual recovery. Downtrading took place with small packs growing ahead of large packs. HUL's home care segment posted high single-digit volume growth, while the beauty and wellbeing segment posted a low-single-digit volume decline and the personal care and foods segments each posted a mid-single-digit volume decline.

Subscribe to enjoy similar stories. New Delhi: Indian Railways is preparing itself for a big increase in allocations for laying new train tracks in the upcoming budget as part of efforts to modernize the network, deploy fast train and rail travel safer. The plan is to raise allocations for new tracks to over ₹50,000 crore in FY26, a 50% increase over budgeted expenditure for FY25, according to two persons aware of the development.

Automaker Stellantis plans to reopen an assembly plant in Illinois and build the next generation Dodge Durango in Detroit, the automaker said Wednesday

Every year, the Edmunds Top Rated Awards are bestowed on the best vehicles of the year

By Michael Nitefor

Canada’s consumer price index rose 1.8 per cent in December from the year before, less than the 1.9 per cent increase expected by economists, giving the Bank of Canada a final data point before it meets Jan. 29 to announce its next interest rate decision.

Tata Motors, India's biggest electric car maker, is betting that locally manufactured EV batteries will help it maintain its edge in an industry where competition is intensifying with new launches, its group CFO said in an interview.

Subscribe to enjoy similar stories. There was a hue and cry after the Union Budget 2024-25 as the Centre increased the long-term capital gains (LTCG) tax on equity from 10% to 12.5%. However, since April 2023, the benefit of indexation has been taken away from debt-oriented mutual funds (MFs), and it is taxable at marginal slab rate (MSR).

'Dilwale Dulhania Le Jayenge' post-independence.

Norman Vincent Peale, an American clergyman who wrote a bestselling self-help book that revolutionised how Americans perceived themselves, their society and government — faith and self-confidence can make individuals as well as the nation affluent. 'The Power of Positive Thinking', published in 1952, right after Americans had emerged out of the Great Depression, rivalled the sales of the Bible in its initial years and has been a perennial bestseller. Peale's philosophy of paring religious belief with self-belief encouraged people to get successful by correcting their attitude through prayer, visualisation and self-motivation. "“Formulate and stamp indelibly on your mind a mental picture of yourself as succeeding. Hold this picture tenaciously. Never permit it to fade. Your mind will seek to develop the picture… Do not build up obstacles in your imagination,” Peale wrote.

Subscribe to enjoy similar stories. Steve Bannon, the rumpled bard of MAGA, made a characteristically combative promise when asked about the relationship between Donald Trump’s base and Elon Musk—tech titan, world’s richest man and Trump bestie. “I will have Elon Musk run out of here by Inauguration Day.

Subscribe to enjoy similar stories. Designers at the recently concluded Milan menswear fashion week offered more comfort, practicality and fun in menswear, using heritage fabrics, classic tailoring and luxe knitwear. One of the key highlights was Tod's collection, the core of which was the brand's “Pashmy project"—distinguished by the use of soft, silky and lightweight leathers that evoke the refinement of pashmina.

Subscribe to enjoy similar stories. A seemingly routine ruling by India’s top tax officials went off like metal in a microwave. The government laid out a three-tiered system for taxing popcorn depending on if it is packaged or sold loose, carries a brand name or is generic, and is salted or sweet.