Thu, December 19, 2024

by: Arabian Business

ADIO and EXIM forge MoU to boost US-UAE trade in key sectors

It marks a significant milestone in facilitating the import and export of raw materials, services and technology, particularly in priority sectors

by: Finance & Commerce

AIA: Architecture billings stable, inquires rising

Architecture billings in the U.S. are stabilizing, and new project inquiries are on the rise, the American Institute of Architects said Wednesday.

by: Fortune

Motown: What's going on?

A new CEO with a background in movies will try to bring the label out of its funk.

by: Yahoo Finance

Kering Eyewear Celebrates Decade of Innovation With Harvard Case Study and Commemorative Book

In an exclusive interview, Roberto Vedovotto, founder, president and chief executive officer of the eyewear group, discussed the tribute book "Never Never Never Give Up," focusing on team spirit and resilience.

by: Reuters

European car sales fall in November, led by France and Italy, ACEA says

New car sales growth in Europe turned negative again in November, after showing a meagre growth in October, weighed by sharp declines in France and Italy, and a stagnation in Germany, industry data showed on Thursday.

by: Seeking Alpha

The Final Stretch? Canoo Is Running Out Of Time And Options

I think Canoo will face issues in raising more funds. Click here to read more about GOEV stock and why I rate it is a Strong Sell.

by: The Irish Times

Mergers and acquisitions trajectory looks set to continue upwards in 2025

Pro-business policies are expected to drive a further uptick in M&A activity after 2024 elections 'remove a significant element of uncertainty'
Wed, December 18, 2024

by: The Daily Star

Beximco lays off 40,000 workers at 15 apparel units

The Beximco Group has laid off nearly 40,000 workers across its 15 apparel units, citing a lack of work orders for its export-oriented garment and textile factories in Dhaka's outskirts of Gazipur.

by: Thailand Business News

Green finance in ASEAN+3: balancing sustainability and financial stability

ASEAN+3 is intensifying its commitment to green finance, marking a significant step in the fight against climate change.

by: WBUR

Boston City Councilor Fernandes Anderson has a trail of troubled finances

Public records show the councilor's campaign committee received nearly 70 audit letters and reviews in her file seeking documentation of financial transactions since 2021, far more than is typical.

by: Couriermail

Protesters clash with ANZ over its climate and military funding

Protesters from the pro-Palestine, climate and environment movements are angry over the bank's financial ties to the world's largest weapons company, Lockheed Martin. According to the protesters, ANZ helped facilitate more than $US23bn ($A37bn) worth of bond financing for Lockheed Martin.

by: CIO

Is SaaS dead? Not quite, but it's evolving rapidly

Buyers are consolidating, pricing and delivery models are shifting, and AI is (of course) having a major impact, but vendors aligned with customer value will survive - and thrive.

by: KOLR10 & Ozarks Local News

Philanthropist MacKenzie Scott reveals another $2 billion in donations in 2024

NEW YORK (AP) — Billionaire author and philanthropist MacKenzie Scott acknowledged another $2 billion in donations in a blog post on Wednesday, bringing the total she's given away since 2019 to $19.2 billion. Scott also announced that she has directed ...

by: Seeking Alpha

Of 63 Fortune500 Industry Leaders, 57 Pay Dividends, 38 Test 'Safer' & 1 Is Ideal To Buy

Top 10 Fortune 500 industry leaders show strong yields. See why Energy Transfer's high-dividend, low-price stock stands out as a safer buy in December.

by: Yahoo

This couple holds an annual 'goals meeting.' In 2024, they saved over 6 figures and traveled to Greece and Italy.

Durelle and Samantha Bailey always schedule an end-of-year meeting. They track goals in a spreadsheet and check in on their progress every week.

by: manilatimes

Broad Arrow Delivers 75% Year-Over-Year Growth in 2024 with $316 Million in Transactions Across Auctions, Private Sales, and Financing

The 1997 Porsche 911 GT1 Rennversion, Broad Arrow's top auction sale of 2024, pictured on the block at the company's Monterey Jet Center Auction (Credit - Kayden Nelson / Courtesy of Broad Arrow Auctions) 86 cars sold via private sale transactions, totaling more than $67 million Underwrote approximately $84 million in new financing transactions

by: AOL

When's the best time to shop for car insurance? (It could be right now)

While timing your insurance shopping can have an impact, comparison shopping is what really drives your savings. See handy tips to timing your switch to a new insurer.

by: PM NEWS Nigeria

Ogun Assembly to probe MAPOLY business ventures

The Ogun Assembly has directed the management of Moshood Abiola Polytechnic (MAPOLY), Abeokuta, to produce supporting documents for all ventures run by the institution.

by: Business Line

Bank of Baroda approves ?10,000 crore bond issuance for infrastructure and affordable housing

by: Hartford Courant

Connecticut Port Authority hires top nuclear energy exec as new executive director

Michael J. O'Connor, the recently retired vice president of Dominion Energy's Millstone Power Station in Waterford has been named the Connecticut Port Authority's new executive director as it moves forward as a supply hub for the northeast offshore wind industry.

by: Yahoo Finance

Siemens Gamesa sells power electronics business to ABB

Engineering services firm ABB said on Wednesday it has agreed to acquire the power electronics unit of Gamesa Electric in Spain from Siemens Gamesa. The financial details of the deal, which is expected to close in the second half of 2025,

by: The Globe and Mail

Business Brief: What to make of Canada's new Finance Minister

Canada's inflation rate dipped below the Bank of Canada's 2-per-cent target for the second time in three months, the latest sign that the central bank has tamed inflationary pressures in the economy.

by: Forbes

Understanding Embedded Finance And The Growth Of White-Label Neobanking

Embedded finance is estimated to have reached a market value of $84.12 billion in 2023, projected to grow at a CAGR of 32.81% from 2024 to 2033. With 56% of businesses already offering at least one form of embedded finance, white-label neobanking is here to stay.

by: inc42

Leadership Exodus: Founders, CEOs Who Quit Their Startups In 2024

One of the most common occurrences in the world's third-largest startup ecosystem, besides yearly layoffs, ESOP buybacks, and unicorn creation, among others, is cofounders and leaders at the helm exit

by: indiaretailing

Retailer's body seeks lower interest rate, national retail policy

In its pre-budget memorandum, RAI said the Union Budget for FY25-26 should focus on generating demand and spurring consumption by lowering taxes

by: Business Insider

4 banks that will pay you up to $300 when you open an account by the end of the year

Some banks and credit unions are offering promotions on high-yield bank accounts ending in January. Find out whether these deals are right for you.

by: Fleet News

Industry jobs: Roles filled at Europcar, JCT600 VLS, Select Car Leasing, CPD, Leasing Options and PayByPhone

The latest industry appointments, including JCT600 Vehicle Leasing Solutions appoints new commercial director.

by: Kiplinger

You've Got a Trust: Now Who Should Be the Successor Trustee?

You've set up a trust to protect your assets and your beneficiaries, but you still must choose the right person to execute your wishes. Here's how to do that.

by: India Today

Is Elon Musk becoming a kingmaker for govts across the world?

After ensuring Donald Trump's return to the White House, Tesla boss Elon Musk met Reform UK leader Nigel Farage and is likely to finance his politics. Farage is one of the many world leaders Musk has met to discuss business and politics.

by: WTOP News

Iran's rial hits a record low, battered by regional tensions and an energy crisis

TEHRAN, Iran (AP) — The Iranian rial on Wednesday fell its lowest level in history, losing more than 10% of its value since Donald Trump won the U.S. presidential election in November and signaling new challenges for Tehran as it remains locked in the ...

by: FTAdviser

How a Court of Appeal ruling affects motor finance agreements

The recent landmark court judgment on motor finance represents a potentially seismic shift in the regulatory and legal landscape of the intermediary lending industry - for investors and lenders alike.

by: Post and Courier

Here's who made The Post and Courier's 2024 Power List for Columbia

The Power List features 30 movers and shakers who made headlines in 2024. Nominees include politicians, leaders in higher education.

by: The New York Times

The Once Booming Drug Town Going Bust Under Taliban Rule

Funding its war against the United States, the Taliban reaped millions from boom towns trading opium, heroin and meth. Victorious, the group crushed the trade, leaving ghost towns in its wake.

by: USA Today

Listen up, businesses! Time's running out to claim your share of a $5.5B settlement

Feb. 4 is the last day businesses and nonprofits can file a claim in a $5.5 billion Mastercard-Visa settlement. Even shuttered businesses are eligible

by: Raconteur

2025 macroeconomic trends: Trade wars, tax hikes and the road to economic recovery

This was a year full of elections and with that comes a new market environment, including potential increased tariffs and tax hikes

by: ThePrint

Pramerica Life Partners with Policybazaar to Strengthen it's ULIP Portfolio, Launching NextGen Pension Plan and Smart Invest 1UP

Pramerica Life Insurance, one of India's fastest-growing life insurance providers, has joined hands with Policybazaar to accelerate its focus on Unit-Linked Insurance Plans (ULIPs). Building on ULIPs as a critical driver of its product strategy,

by: Business Today

Jury Meet: 29th Edition Of BT Best Banks Awards 2023-24| India's Banking Future

The jury for the 29th edition of the BT Best Banks Awards 2023-24 convened to assess India's banking and NBFC sectors. The esteemed panel featured Jayant Sinha, Former Chair, Standing Committee on Finance and MoS Finance;

by: Business Standard

Global Subject Experts Deliberate on 'Information and Competition in the Digital Economy' at the ISB-NBER 2024 Conference

The third annual ISB-NBER conference on Economic Policy and the Indian Economy was recently hosted at the Hyderabad campus of the Indian School of Business (ISB). National and international subject experts and thought leaders converged at ISB to discuss and deliberate on the opportune theme 'Information and Competition in the Digital Economy.

by: Business Times

Citi and Maybank Securities collaborate to offer global securities lending to Singapore retail investors

CITI and Maybank Securities announced on Wednesday (Dec 18) that they will be working to facilitate the lending of retail clients' global equity holdings together using Citi's platform. Read more at The Business Times.

by: moneycontrol.com

Shriram Finance seeks record $1.25 billion offshore loan split across currencies

The loan adds to this year's rush of offshore debt sales by Indian shadow lenders after the nation's central bank tightened rules in November 2023 that made it increasingly difficult for the sector to obtain local currency bank loans.

by: Reuters

Experts on Honda and Nissan's talks to deepen ties

Honda and Nissan are in talks to deepen ties, two people said on Wednesday, including a possible merger, the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals.

by: Firstpost

Rewind 2024: How 2024 was a banner year for IPOs on India's stock market

From Swiggy to Hyundai Motors and NTPC Green, India's stock market has seen a number of blockbuster IPOs in 2024. Companies have cumulatively raised over Rs 1 trillion via IPOs with small and medium enterprises also getting in on the act.

by: MSN

2024 the 'year of the bond' as record inflows top $600 billion

By Harry Robertson LONDON (Reuters) -Investors have poured a record $600 billion into global bond funds this year, taking advantage of some of the highest yields in decades ahead of an uncertain 2025.

by: QSR magazine

How Burger King and Other Top Brands Are Preparing for 2025

"Shift is great because it is an employee retention and sales-building platform," says David Moorhead, director of marketing and finance at Ander Management ... creating a positive ripple effect throughout the business. "The affordability of ...

by: The Financial Times

Lars Windhorst and H2O: scandal, spies and the superyacht | FT Film

This is the story of Lars Windhorst, a racy financier with nine lives. Once a wunderkind of German business, dubbed the German Bill Gates, Windhorst survived a plane crash and has lost then rebuilt his fortune several times over.

by: The Financial Express

Controversial advertising: When brands cross the line in shock-and-awe campaigns

Just weeks earlier, Zomato CEO Deepinder Goyal stirred controversy with a job ad for Chief of Staff, unapologetically advertising that the role required candidates to pay a `20 lakh "fee" and work for free for the first year.
Tue, December 17, 2024

by: Reuters

Corporate America pledges donations for Trump's inauguration

Companies ranging from finance majors to Silicon Valley behemoths are pledging donations to Donald Trump's inaugural fund as business leaders rush to ensure a favorable relationship with the U.S. president-elect after his November election win.

by: MSN

Up 75% in a Year, Is It Time to Take Profits on SoFi Stock?

Millions of users continue to flock to digital banking platforms for the unmatched convenience and speed of financial services. SoFi Technologies, Inc. (SOFI), a leading fintech disruptor, offers a comprehensive suite of services - loans,

Retailer's body seeks lower interest rate, national retail policy

In its pre-budget memorandum, RAI said the Union Budget for FY25-26 should focus on generating demand and spurring consumption by lowering taxes

The Retailers Association of India (RAI) has put forward several pre-budget recommendations for 2024 aimed at fostering growth in the retail sector. Key proposals include reducing the GST rate on various retail products, particularly in the apparel and footwear categories, to boost consumer spending. RAI also suggested the introduction of a Retail Development Fund to support small retailers, along with tax incentives for retailers investing in technology and sustainability. Additionally, they recommended simplifying the regulatory environment, easing compliance burdens, and providing financial support through easier access to credit for small and medium-sized enterprises (SMEs) in retail. The association emphasized the need for infrastructure development to enhance logistics and supply chain efficiency, and proposed measures to encourage the growth of e-commerce by addressing issues like data localization and digital payment systems. Lastly, RAI called for skill development programs to equip the workforce with necessary skills for modern retail operations.

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https://www.indiaretailing.com/2024/12/18/rai-pre-budget-recommendations/