• Mon, January 27, 2025

by: Mint

IDFC First Bank Q3 results 2025 out. Should you buy IDFC First Bank shares?

IDFC First Bank reported a net profit of ₹339 crore, down 53 per cent YoY, while net interest income grew 14 per cent YoY, and the asset quality is stable.

by: inc42

Captain Fresh's IPO Playbook: Tapping Global B2B Opportunity, Acquisition Plans & B2C Ambitions

Captain Fresh aims to list on the bourses in India by the end of 2025 , Utham Gowda CEO of the B2B seafood startup told us.

by: Kiplinger

The Four Key Pillars of Wealth Management of the Future

The role of the family office is evolving with the Great Wealth Transfer and tech advancements, among other issues. This is how financial professionals can manage the shifts.

by: Newsweek

Donald Trump's Proposal To 'Clean Out' Gaza Opposed by Arab Nations

Egypt and Jordan have rejected the president's proposal to remove Palestinian refugees from Gaza and send them to neighboring countries.

by: AgWeb

It's Tax Time: Your Guide To Calculate Farm Income This Year

Gross income is an average of 2020 to 2022 items on your income tax return. However, we must wait on USDA for regulations to determine what they consider to be farm income. Either way, gross revenue is much easier for the farmer to be a "farmer" than AGI.

by: Businessworld

BEPS Pillar 2: What now in ASEAN and what's next for the Philippines

Digitalization in the 21st century brought with it several challenges to the rules for taxing international business income, which gave rise to base erosion and profit shifting (BEPS), in which multinational entities (MNEs) shift profits to locations with minimal or no tax to pay a reduced amount of taxes globally.

by: cnbctv18

RBI governor urges banks' chiefs to address rising digital frauds

RBI Governor Sanjay Malhotra stressed the importance of robust systems to combat fraud, advising banks to strengthen measures for protecting against such risks.

by: Oneindia

Sitharaman's Budget Day Sarees: A Look At Finance Minister's Choice Of Sarees Through The Years

Nirmala Sitharaman's Budget Day sarees have become a symbol of India's cultural pride, with each choice reflecting the country's diverse handloom heritage.

by: Tuko

DeepSeek: China's New Open Source AI Sends Shockwaves Across US Stock Market

Chinese-made DeepSeek has sent shockwaves across the US stock market with a significant price drop among tech firms such as Nvidia, Microsoft, and Meta.

by: bnnbloomberg

MicroStrategy Buys More Bitcoin While Adding Capital Raising Tools

MicroStrategy Inc. bought Bitcoin for a 12th consecutive week and unveiled details for the sale of perpetual preferred stock to help finance additional purchases of the cryptocurrency.

by: Investopedia

7 Unexpected Ways AI Can Transform Your Investment Strategy

Artificial intelligence is transforming investment management, but it's crucial that investors understand both its capabilities and limitations. Here's what you should know.

by: legit

Billionaire financier Bessent confirmed as Trump's treasury chief

Billionaire hedge fund manager Scott Bessent won Senate approval Monday to become US Treasury secretary, placing him at the forefront of implementing Donald Trump's economic agenda -- which is already triggering global jitters.

by: Reuters

Britain's Starmer to announce growth-boosting pension reform plans

British Prime Minister Keir Starmer and finance minister Rachel Reeves will meet business leaders on Tuesday to announce pension sector reforms that they hope will boost economic growth and investment.

by: AOL

Small business needs 'never change,' regardless of who occupies the White House: Former Biden adviser

Though many are preparing for a bleak four years, former director of public affairs and senior adviser for the Biden administration Jonathan Lovitz isn't worried about small entrepreneurs.

by: Couriermail

'Ripped off': Aussie business owner fumes over 'dupe' product and claims she's been 'copied'

An Aussie business owner was scrolling through TikTok when her heart sank because customers were tagging her and claiming Kmart had "ripped off" her product.

by: AOL

Best Stock to Buy Right Now: Altria vs. Costco

Altria (NYSE: MO) and Costco (NASDAQ: COST) are pretty different companies, but they share a subtle similarity. What does Altria do? Altria's biggest business is selling high-end cigarettes under the iconic Marlboro brand.

by: Reuters

Ghana plans gold board to increase earnings and curb smuggling

Ghana plans to launch a Gold Board to streamline gold purchases from small-scale miners, increase earnings and reduce smuggling, the west African country's newly appointed finance minister Cassiel Ato Forson said on Monday.

by: Investopedia

Level Up Your Investing Strategy: 7 Smart Ways To Transform Your Approach

Portfolio diversification is just the beginning. Once you're ready for more advanced investing strategy, consider these important approaches, techniques, and tools to take your investments to the next level.

by: Forbes

Cultivating The Next Generation Of Financial Services Professionals With Financial Literacy Education

The looming talent shortage in financial services presents a serious challenge but also offers an opportunity to rethink how we prepare youth for their futures.

by: Couriermail

Business Council of Australia demands fix to education standards, Yr 12 retention

A leading business lobby has raised alarm bells that Australia will be lacking in workers in critical industries unless we boost our lagging education standards.

by: Tuko

Safaricom Announces Several Jobs for Kenyans, How to Apply

The leading telecommunications firm Safaricom PLC sought to recruit qualified individuals in the fields of communication, cybersecurity, and finance.

by: cnbctv18

Q3 Results Live Updates: Adani Wilmar profit doubles YoY; Bajaj Housing shares slide ahead of results

As many as 12 important companies, including Coal India, Tata Steel, Bajaj Housing Finance, Indian Oil Corporation, Federal Bank, Adani Total Gas, Adani Wilmar, Canara Bank, Emami, ACC, Railtel Corporation of India,

by: Reuters

Goldman Sachs promotes Duffner to head activism defense in EMEA, memo says

Goldman Sachs on Monday tapped veteran banker Stefan Duffner to lead the investment bank's activism and shareholder advisory work in Europe, Middle East and Africa (EMEA) at a time corporations are increasingly asking for help to defend against activist investors pushing for changes.

by: AOL

What happens to your investment account after you die?

Your investment account's transfer process after death depends on how you've set it up - from quick transfers with proper beneficiaries to lengthy cort processes with probate.

by: MSN

Inside Nancy Pelosi's huge net worth as ex-Speaker dumps Nvidia stock for DeepSeek AI

Nancy Pelosi has earned millions of dollars from investing in profitable tech stocks in recent years. The 84-year-old Democrat, who is recovering from emergency hip surgery after a fall, made history in 2007 as the first woman to be elected Speaker of the House of Representatives,

by: MSN

What to know about Scott Bessent, Trump's new Treasury secretary

From his years working for George Soros to his role as a key economic advisor to Trump, Bessent has extensive if contradictory Wall Street experience.

by: Reuters

India central bank supersedes board of Aviom India Housing Finance on governance concerns

The Reserve Bank of India said on Monday it has superseded the board of Aviom India Housing Finance due to governance concerns and defaults in meeting payment obligations.

by: AOL

TKer: The stock market has been on a headwind-defying run. Will it continue?

Higher interest rates, fewer Fed rate cuts, a strengthening dollar, and elevated valuation ratios are all things that many market pundits will cite as reasons to be cautious on the stock market.

by: Reuters

Swedish authorities board ship seized over Baltic Sea cable breach

Swedish authorities boarded a Maltese-flagged ship seized in connection with the latest breach of cables running along the bottom of the Baltic Sea to begin an investigation into the matter, the country's security police said on Monday.

by: MSN

Cape Town's continued global recognition unlocks opportunities for local business growth

With Cape Town's recent recognition as the "Best City in the World" for 2025 by Time Out, a global authority on city culture, travel, and experiences, the city has once again cemented its status as a world-class destination.

by: MSN

Vermont leaders push back against U.S. - Canada tariffs

Vermont's congressional delegation is working to protect local industries from potential financial strain as concerns about proposed tariffs between the United States and Canada continue to grow. Senator Peter Welch took the lead in bringing together business leaders in St.

by: Reuters

Auditors get tougher guidelines on judging firms' environmental claims

International auditors have been given new guidance on what to check when assessing firms' environmental, social and governance claims - and how - as part of efforts to increase rigour and consistency,

by: Reuters

Italy's Mediobanca, Monte dei Paschi extend losses after MPS surprise bid on merchant bank

Shares in Italy's Mediobanca and Monte dei Paschi (MPS) fell at market open on Monday, extending Friday's losses, after the state-backed lender launched a surprise 13.3-billion-euro ($13.93 billion) bid on the merchant bank.

by: MSN

'Wild Cards' Outfit Blink49 Beefs Up Exec Ranks, Taps Lionsgate Alum Andrew Nissen (EXCLUSIVE)

Blink49 Studios is bulking up its executive roster with a series of promotions and a key hire as the Fifth Season-backed production banner continues to expand its footprint in the global content market.

by: MSN

How to Build a Strong Brand Identity for Your Early-Stage Startup

Branding might not be your first priority, but neglecting it can hurt your startup. A strong brand identity early on sets the stage for marketing success.

by: MSN

In the New Trump Era, DEI Will Still Be Part of Profitable Strategies

The right-leaning behavior of Mark Zuckerberg and Jeff Bezos shouldn't be an influence in most U.S. workplaces.

by: MSN

North East deals of the week: key acquisitions, contracts and investments

Companies featuring in this week's round-up include Northern Trust Company, Greene King, Wastefront, MaximFM and Valiant Pub Company, AM Recruitment, SOS Group, RWO, Orbital FX and AM Recruitment

by: MSN

Three Key Takeaways from the 43rd Annual J.P. Morgan Healthcare Conference

Radiotherapy, China's biotech surge and AI's role in drug discovery are notable topics that emerged from conversations on the ground floor.

by: MSN

IDFC FIRST Bank Q3 FY25 PAT at Rs. 339 Crore, Core Operating Profit up 15% YoY

Financial results - IDFC FIRST Bank today announced the unaudited financial results for the quarter and nine months ended December 31, 2024. Deposits & Borrowings* Customer Deposits increased 28.8% YOY from Rs.

by: MSN

Investors betting on the Trump trade may be missing some real risks

Wall Street investors, spurred on by Trump's pro-business agenda, could be ignoring real risks posed by the president.

by: MSN

Is MS Stock Worth Buying Post Q4 Earnings & Under Trump 2.0?

One of the most well-known global investment banks, Morgan Stanley MS, is generating considerable interest among investors. The company's shares have gained more than 5.5% since the release of its fourth-quarter and full-year 2024 results on Jan.

by: MSN

Makati exceeds revenue target in 2024 by 31 percent

The local government of Makati reached over P24.15 billion in revenue last year, exceeding its target by 31 percent, according to Mayor Abby Binay. In a statement on Monday, Binay said the revenue sources consist of collections from January to December.

by: MSN

Canada's looming election cheers equity investors hoping for increased returns

The Canadian stock market stands to benefit from the expected election this year of a Conservative government that favors business-friendly economic policies and that could help reduce trade uncertainty with the United States,

by: MSN

'Warrior' 23-year-old dies suddenly in his sleep

Joshua Mercieca had a rare condition called Duchenne muscular dystrophy, which is a genetic disorder characterised by progressive muscle degeneration and weakness

by: MSN

'Yo!' Mayor Brandon Johnson's texts reveal governing style and intrigue at City Hall

The text from Chicago Mayor Brandon Johnson started as his messages often do. "Yo!" he wrote Ald. Daniel La Spata, 1st, last month. The Northwest Side alderman knew what it meant. "That's when I called him,

by: MSN

Budget 2025: Tech industry pushes for deeptech funding and safe harbour reforms and more

As the Union Budget 2025 approaches, Nasscom urges the creation of a central deeptech fund and changes to safe harbour rules to support tech innovation. Additionally, they propose extending ESOP tax payment deferments to all DPIIT-recognized startups,

by: MSN

India's Startup Champion Prashanth Prakash Awarded Padma Shri

"This award recognizes the critical role that startups and the technology sector have played in our nation-building," Prashanth Prakash, Founding Partner, Accel India

by: MSN

Immigrant workers, business owners help grow Kentucky's economy

Kentucky's immigrant workers and business owners generate $14 billion of economic input, according to new data from the Kentucky Center for Economic Policy. President Donald Trump recently issued a slew of executive orders to expand and speed up deportations nationwide.

Italy's Mediobanca, Monte dei Paschi extend losses after MPS surprise bid on merchant bank

Shares in Italy's Mediobanca and Monte dei Paschi (MPS) fell at market open on Monday, extending Friday's losses, after the state-backed lender launched a surprise 13.3-billion-euro ($13.93 billion) bid on the merchant bank.
The article from Reuters discusses the financial turbulence surrounding Italy's Banca Monte dei Paschi di Siena (MPS) and Mediobanca following a surprise bid by MPS for merchant banking activities. Shares of MPS fell by 7.5% after the announcement, reflecting investor concerns over the strategic direction and financial implications of the bid. Mediobanca, which has a significant stake in MPS, also saw its shares drop by 3.5%. The bid, which was unexpected, has raised questions about the future of MPS, especially after its recent 2.5 billion euro capital increase aimed at restructuring. The move is seen as an attempt by MPS to expand its operations into more lucrative areas like merchant banking, amidst ongoing efforts to recover from past financial troubles. However, the market's reaction indicates skepticism regarding the feasibility and benefits of this strategic shift.

Read the Full Reuters Article at:
https://www.reuters.com/business/finance/italys-mediobanca-monte-dei-paschi-extend-losses-after-mps-surprise-bid-merchant-2025-01-27/

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