Articles for category: Business

Market News

Interest rate cuts may delay cash movement; Treasury yield inversion persists despite a positive gap, keeping money market assets soaring.

Interest rate cuts may delay cash movement; Treasury yield inversion persists despite a positive gap, keeping money market assets soaring.

The gap between two-year and 10-year Treasury yields has turned positive for the first time in about a month, according to analysts at JPMorgan. Despite potential interest rate cuts, investors are unlikely to quickly move away from shorter-dated government bonds, which currently offer attractive yields above 5 percent. The yield curve remains inverted in some ...

Market News

Ukraine’s parliament appoints new foreign minister Andrii Sybiha as President Zelenskyy reshuffles his cabinet amid escalating war challenges.

Ukraine’s parliament appoints new foreign minister Andrii Sybiha as President Zelenskyy reshuffles his cabinet amid escalating war challenges.

Ukraine’s parliament has approved a new foreign minister, Andrii Sybiha, as part of President Volodymyr Zelenskyy’s efforts to revitalize his administration amid an ongoing war with Russia. Sybiha, who previously served as an ambassador to Turkey and worked as a deputy to former minister Dmytro Kuleba, takes on this crucial role as the conflict enters ...

Market News

In a dramatic response to a tragic incident, India forms task forces to enhance safety for medical professionals amid ongoing violence.

In a dramatic response to a tragic incident, India forms task forces to enhance safety for medical professionals amid ongoing violence.

In response to the recent rape and murder of a trainee doctor in Kolkata, the Supreme Court of India has set up a 10-member National Task Force to address the safety and working conditions of medical professionals. The Union Health Ministry has now established four theme-based sub-groups to enhance medical infrastructure, security systems, and the ...

Market News

Verizon plans to acquire Frontier Communications for  billion, aiming to enhance its fiber internet footprint and compete against rivals.

Verizon plans to acquire Frontier Communications for $20 billion, aiming to enhance its fiber internet footprint and compete against rivals.

Verizon is set to acquire Frontier Communications for $20 billion in an all-cash deal, announced on Thursday. This strategic move aims to expand Verizon’s subscriber base and enhance its competitive edge against rivals AT&T and T-Mobile, which offer extensive unlimited plans and bundled services. Verizon has proposed $38.50 per share for Frontier, a 37.3% premium ...

Market News

Corporate elites, drawn to the costly allure of padel and pickleball, are transforming India’s athletic landscape amidst luxury and competition.

Corporate elites, drawn to the costly allure of padel and pickleball, are transforming India’s athletic landscape amidst luxury and competition.

Padel and pickleball are gaining popularity among India’s corporate elite, but they come with a hefty price tag. For instance, a high-quality pickleball racquet can cost as much as Rs 45,000, and building a court may set you back over Rs 10 lakh. This trend is highlighted by the presence of a padel court on ...

Market News

Max Ventures divests 3.18% stake in Max Financial Services for ₹1,218 crore, reducing promoter shareholding dramatically amid market fluctuations.

Max Ventures divests 3.18% stake in Max Financial Services for ₹1,218 crore, reducing promoter shareholding dramatically amid market fluctuations.

Max Ventures Investment Holdings, a promoter of Max Financial Services Ltd (MFSL), recently sold a 3.18 percent stake in the company for Rs 1,218 crore through an open Market transaction. This sale involved the disposal of 11 million shares at an average price of Rs 1,107.37 each. Following this transaction, the combined shareholding of the ...

Market News

Government ITIs excel in new grading, boosting employment prospects and skills training for millions, signaling a brighter future.

Government ITIs excel in new grading, boosting employment prospects and skills training for millions, signaling a brighter future.

Industrial Training Institutes (ITIs) in India have shown improved performance, signaling better employment prospects for students. In the latest grading by the Ministry of Skill Development and Entrepreneurship, nearly 19% of approximately 15,000 ITIs scored above 8 out of 10, up from 12.4% last year. The highest scorers, with grades of 9.6, are located in ...

Market News

The GST Council weighs options to reduce health insurance taxes, potentially aiding affordability while impacting government revenue significantly.

The GST Council weighs options to reduce health insurance taxes, potentially aiding affordability while impacting government revenue significantly.

The GST Council is set to discuss four proposals to alter the tax treatment of health insurance during its upcoming meeting. These options stem from a request to reduce taxes on health insurance products, aiming to make them more affordable. The proposals include fully exempting all health insurance premiums, cutting the GST rate from 18% ...

Market News

Trade Minister Piyush Goyal advocates for a border adjustment tax to protect India’s steel industry from predatory imports and boost production.

Trade Minister Piyush Goyal advocates for a border adjustment tax to protect India’s steel industry from predatory imports and boost production.

Trade Minister Piyush Goyal recently proposed a border adjustment tax (BAT) to protect India’s steel industry from cheap imports. Speaking at a steel conclave, he emphasized the need for this tax to level the playing field, as Indian producers face higher costs due to local taxes. However, some experts suggest that BAT might only slightly ...

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