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The brief disruption came a day before Thanksgiving, which is among the busiest periods of the year for air travel in the United States.
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News and Media
Prashant Jain, co-founder of 3P Investment Managers, anticipates Indian large-caps to compound at 11-12% over the next three to five years. He expresses caution on popular themes like consumption and manufacturing, citing expensive valuations, and believes small- and mid-caps have overshot fair valuations due to a surge in new investors.
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News and Media
Indian equity indices surged over 1% on Wednesday, mirroring global gains as softer US retail sales data fueled expectations of a December Federal Reserve rate cut. The Sensex and Nifty neared record closing levels, driven by strong investor sentiment and foreign inflows. All sectoral indices ended higher, with metals leading the advance.
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News and Media
In a forward-thinking initiative, the Reserve Bank of India is simplifying wealth management for business families. By allowing the transfer of ownership of investment companies to private family trusts, they're paving the way for smoother succession planning and minimizing potential disputes. The focus remains on designating family members as trustees, which strengthens familial control over assets.
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News and Media
The cause of the blaze in the northern Tai Po district was not immediately known, but it was fanned by green construction mesh and bamboo scaffolding - a mainstay of traditional Chinese architecture but subject to a phase-out in Hong Kong since March for safety reasons.
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News and Media
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