Fri, December 13, 2024

by: Reuters

Exclusive: Aviva's India officials approved brokerage model queried by taxmen

An Aviva business model that Indian tax officials say was used to pay agents unlawful commissions from 2017 to 2023 was rolled out internally in 2013 and approved in writing by top India executives, a confidential company document shows.

by: Business Recorder

Sri Lanka says Adani port project to continue despite US charges

COLOMBO: Indian conglomerate Adani Group's port project in Sri Lanka will go ahead despite US charges against its founder and sudden changes to its financing, the island nation said Friday.

by: Mint

Bajaj Finance pivots to profitability with AI, scales back payments ambitions

The lender's revised five-year plan shifts focus from aggressive expansion to sustainable growth, leveraging AI to double assets while retreating from low-margin payments ventures.

by: Yahoo Finance

Ahead of Trump's inauguration, Trump Organization expands its global business

As Donald Trump prepares to return to the White House, his namesake company is expanding its global footprint. Trump's son Eric Trump, an executive vice president with the Trump Organization, on Wednesday formally announced that the family's real estate company is partnering with the Saudi Arabian real estate firm Dar Al Arkan to launch a Trump Tower in Jeddah,

by: Business Standard

Life insurers adjust term premiums ahead of business end of financial year

While some companies are increasing rates, others are slashing them, and still others have made no change; GST changes on premium taxation may change outlook

by: businesslive.co.za

Nedbank CIB backs DRDGold with R2bn for mining expansion

Nedbank Corporate and Investment Banking (CIB) has committed up to R2bn in flexible financial solutions, comprising short- and long-term finance facilities, to support DRDGold Limited's ambitious capital investment programme over the coming years.

by: MSN

Virgo Daily Horoscope Today (Aug 23- Sept 22) December 13, 2024: Increase politeness in speech!

Virgo Money Horoscope Today Improvements in work and business may pick up speed by evening. Refrain from unnecessary interference and show caution in transactions. Virgo Career Horoscope Today Plans will advance with wisdom.

by: moneycontrol.com

Personal Finance: Why the angst against SIP is futile

Recently, there have been a couple of statements on social media calling the Systematic Investment Plans (SIP) a scam.

by: Arabian Business

Major changes to UAE's VAT rules impact fund managers and virtual asset traders - All you need to know

Fund managers now have a VAT exemption for services provided independently to funds licensed by a competent authority in the UAE. Image: Shutterstock Major changes to the UAE's Value Added Tax (VAT) rules took effect on Nov. 15, with fund managers and ...
Thu, December 12, 2024

by: NDTV

3 Indians Shine On Forbes' 2024 World's Most Powerful Women List

Forbes has unveiled its 21st annual list of The World's 100 Most Powerful Women, a ranking of influential figures from industries such as business, entertainment, politics, philanthropy and policymaking.

by: Indiatimes

Sensex Today | Stock Market LIVE Updates: Sensex falls over 500 pts, Nifty tests 24,400; metal stocks under pressure

Stock Market LIVE Updates | Domestic markets witnessed pressure throughout the session on Thursday closing near day's low, while broader markets finally saw selling after a 14 day gaining streak. In today's trade,

by: The Boston Globe

Nearly half of US teens are online 'constantly,' Pew report finds

Nearly half of American teenagers say they are online "constantly" despite concerns about the effects of social media and smartphones on their mental health, according to a new report published Thursday by the Pew Research Center.

by: Business Today

Stock recommendations by analyst for December 13: Mazagon Dock, Torrent Power and Tourism Finance

Domestic benchmarks on Thursday settled lower, dragged by consumer, automobile, banks, financials and energy stocks.

by: Trinidad Express Newspapers

Mala Baliraj new chairperson at Energy Chamber

MALA Baliraj has been appointed chairperson of the Energy Chamber of Trinidad and Tobago, succeeding Jerome Dookie.Baliraj, the chief executive officer of Massy Wood Group Ltd, has served on the

by: The Daily Star

US lauds interim govt for qualitative changes in labour rights

The United States has lauded the interim government for visible initiatives and qualitative changes in various sectors, particularly in labour rights, investment climate and business environment.

by: The Hill

'Pop-up' super PAC raises eyebrows

Trump at NYSE {beacon} Business & Economy Business & Economy The Big Story 'Pop-up' super PAC funding raises 'serious red flags' An opaque nonprofit

by: Business Wire

Slope Taps Marqeta to Power Buy Now, Pay Later Card, Enabling Brands And Marketplaces To Offer Flexible Loan Options

Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators, today announced its

by: moneycontrol.com

Trade Spotlight: How should you trade LTIMindtree, JSW Steel, Cyient, GHCL, Muthoot Finance, TTML, and others on Friday?

The market may extend the downtrend if it breaks the 10-day EMA (Exponential Moving Average) amid likely consolidation, while the VIX in the lower zone supports bulls. Below are some trading ideas for the near term.

by: Finance & Commerce

On the Market: Mid-century properties with potential

This week, On the Market features two older nonresidential properties with more potential than first meets the eye. One is a "professionally updated multitenant office building" with $1 million in seller financing at a below-market interest rate. The other is a centrally located Minneapolis warehouse that's patiently awaiting a creative new user.

by: Couriermail

'Doesn't have to be like that': Proof RBA has stuffed up interest rates

The idea is that if unemployment is very, very low, it's expensive to hire people and hard to fill jobs. Businesses can't hire easily, can't get things done easily, and the path of least resistance for them is to just do less and charge higher prices. Those higher prices are what we call inflation.

by: Insider Monkey

How To Get A Crypto License in Lithuania - A Complete Guide

Lithuania ranks second in EU countries in offering a safe and reliable environment for companies involved in the Crypto business by providing a Crypto License.

by: The Motley Fool

Prediction: 2 AI Stocks Will Be Worth More Than Palantir by Year's End in 2025

Shares of Palantir Technologies (PLTR 2.29%) have more than quadrupled year to date over unrelenting demand for the company's new artificial intelligence platform. However, the me

by: AOL

What Cruise's self-driving end means for Tesla and Waymo: Morning Brief

Cruise isn't even the first major player to bow out of the race to develop a robotaxi business. Ford ( F) ended its Argo AI self-driving venture two years ago. And Apple ( AAPL ), wavering between building an autonomous fleet or merely a new EV, scrapped its decade-long car project altogether earlier this year.

by: CoinDesk

Did Crypto Cash Break the U.S. Elections?

Years ago, a Supreme Court decision opened the door for more corporate money in politics, and a trio of crypto companies has blasted that door off its hinges.

by: Reuters

Petrobras signs $2.8 billion deal for 12 new vessels to supply offshore platforms

Brazil's state-run oil company Petrobras said on Thursday it has signed a 16.5 billion real ($2.8 billion) deal to build and charter 12 new support vessels to supply its offshore platforms.

by: Los Angeles Times

The Failing Essence of American Democracy and the Need for Reform

Stewart Carrell's book, "American Democracy," is a forthright argument for why the United States needs radical change to safeguard democratic values and continue world leadership.

by: birmingham.ac.uk

Navigating an ethical and sustainable path to a fairer world

Environmental, Social, and Governance factors are becoming crucial in corporate investment decisions that create long-term financial and social benefits.

by: The Royal Gazette

Senators pass controversial changes to Pati laws

Legislation to apply fees and time limits to public access to information requests was passed in the Upper House yesterday, but only after opposition senators forced a vote on the controversial

by: Kiplinger

Five Tax-Savvy Ways To Donate This Holiday Season

You can give Goats of Anarchy a one-time donation, sponsor your favorite animal, or even donate stock to support the animals at the sanctuary. If you're in the neighborhood, you can even volunteer to help out the team for a regular shift at least once a week.

by: inc42

How TVS Capital Funds Is Reinventing Its Investment Playbook After Two Decades

Since its launch in 2007, TVS Capital Funds has deployed nearly INR 3,000 Cr from three growth focussed PE funds, fully exited its first two funds and deployed 96% of its third fund

by: Seeking Alpha

National Bank Of Canada: Soon To Be A Transformed Company

National Bank of Canada is set to expand nationwide with its acquisition of Canadian Western Bank, enhancing its presence outside Quebec and boosting

by: The New York Times

Remembering David Bonderman, a Private Equity Pioneer

A former lawyer, he cofounded the giant investment firm TPG and became known for complex deals that remade corporate America. He died on Wednesday at 82.

by: CTV News

Quebec and Newfoundland and Labrador expected to sign Churchill Falls energy deal

Quebec Premier François Legault and Newfoundland and Labrador Premier Andrew Furey are scheduled to announce an energy agreement Thursday that could end decades of friction between the two provinces.

by: businesstech.co.za

Finance companies in South Africa slapped with R1.8 million in fines

The Financial Sector Conduct Authority has slapped two financial firms for failing to fully comply with provisions of the FIC Act.

by: Yahoo Finance

Warner Bros Discovery to split TV and streaming businesses into two units

Shares rose about 3% in premarket trading after the company said the new corporate structure will "increase optionality to pursue further value creation opportunities for both divisions". Media companies are considering options for their cable TV businesses as a largescale shift by consumers toward streaming has slammed growth in traditional TV,

by: ProPakistani

Islamic Finance and Capital Markets Will Help Pakistan Achieve Stability: FM

Federal Minister for Finance and Revenue Muhammad Aurangzeb has said that Islamic finance and Islamic capital markets can play a pivotal role in helping

by: NOLA.com

St. Tammany property transfers for Nov. 19-25, 2024. See a list of home and other sales

PAILET FIRST SUBDIVISION, LOTS 1, 2, 31, 32, SQUARE 16: Frank B. Wood Interests LLC, Debra G. Garrett Levis and others to Brister Bros. LLC, $12,000. ABITA RIDGE SUBDIVISION, PHASE 3B, LOT 63: Florida Exteriors LLC to Christopher R. Turner and Bradley L. Albin, $459,000.

by: businesslive.co.za

G20 finance folk to focus on easier, cheaper cross-border payments in Africa

Sending remittances globally costs about 6.65% of the amount sent, and cutting prices by at least five percentage points could save $16bn

by: Arabian Business

Google reveals UAE search trends for 2024: Donald Trump, conflict, cricket and rain

Google has released the top trending searches of 2024 for the Middle East and North Africa. The annual lists reveal the most trending search queries that experienced a higher volume of search over a sustained period in 2024 compared to 2023. The lists included the top searched news, personalities, movies, TV series, tournaments, and sports moments.

by: devdiscourse

IFC and HSBC Launch $1 Billion Risk-Sharing Facility to Boost Trade Finance in Emerging Markets

The initiative aims to support trade by enabling banks in 20 countries across Africa, Asia, Latin America, and the Middle East to increase their lending.

by: Business Line

Zoho Finance and Operations suite sees 50% revenue growth in India

by: Forbes

Tenacity And Innovation Define 2024: The Top Companies Driving The Midas List Europe

AI and gaming have been bright spots for Europe's tech sector, driving growth in the challenging funding environment that has defined 2024.

by: Outlookindia

Leadership Success Story Of Venkata Reddy Thummala's Workday Finance Transformation

Discover how Venkata Reddy Thummala's strategic leadership transformed enterprise financial operations with Workday Finance security architecture implementation.

by: MSN

Indian retailers state that introduction of a 35% GST slab and pricing-based rate structure will have adverse impact

The Indian Sellers Collective has urged the Finance minister and GST Council to reject the GoM's recommendations on GST rate rationalisation. They argue a new 35% slab and pricing-based structure will harm retailers,

by: Business Insider

Tesla stock is suddenly crushing the rest of the Magnificent 7. Here are 4 things going right for Elon Musk's carmaker.

From Musk's ties to Trump to a brighter outlook for sales growth, here's what investors see working in Tesla's favor heading into 2025.

by: India TV

EPFO Provident Fund withdrawals through ATMs: How does it work and what should you expect?

EPFO subscribers can withdraw their provident fund (PF) directly from ATMs. Know how this seamless feature works, its benefits, and the Ministry of Labour's plans to modernise social security in India.

by: Business Standard

Bajaj Housing Finance shares decline 6% as 3-month anchor lock-in ends

An anchor lock-in refers to the mandatory period during which anchor investors are restricted from selling the shares they purchase in an Initial Public Offering (IPO)

by: The Rolla Daily News

Business Finance Brokers vs. Banks: Which Option Is Best for Your Business?

Whether you're looking to expand operations, invest in new equipment, or manage cash flow, choosing the right funding source is crucial. While traditional banks have long been the go-to option for business loans,

HSBC reviews retail banking outside UK and Hong Kong, FT reports

HSBC is reviewing its retail banking operations outside the UK and Hong Kong, which could see it substantially scale back operations in other countries, including Mexico, the Financial Times reported on Thursday,

HSBC is reviewing its retail banking operations outside of the UK and Hong Kong, as reported by the Financial Times on December 12, 2024. The review aims to assess the viability and profitability of these operations amidst changing market dynamics and regulatory environments. This strategic evaluation could lead to potential restructuring, divestitures, or closures of underperforming branches in regions where HSBC does not hold a significant market share. The bank's focus is increasingly on Asia, particularly Hong Kong, where it has a strong presence, while also considering the implications for its global strategy and shareholder value.

Read the Full Reuters Article at:
https://www.reuters.com/business/finance/hsbc-reviews-retail-banking-outside-uk-hong-kong-ft-reports-2024-12-12/