‘The risk is in not being invested and missing out on an upmove.’ Rising food prices and commentary from global central banks have thrown a spanner in equity market rally. Devina Mehra, founder, chairperson, and managing director of First Global, tells Puneet Wadhwa/Business Standard in an e-mail interview that she expects the outperformance of the Indian equity markets to continue. […]

Israel has started implementing complete siege of Gaza Strip as deadly rocket attacks by Palestinian militants continued for the third day. Israel’s Defense Minister Yoav Gallant told media that he has ordered a “complete siege” on the Gaza Strip, and that no electricity, food, or fuel will be delivered to the enclave. Israel controls the passage of goods through its […]

The government’s decision to impose a 20 per cent export duty on parboiled rice and a $1,200 per tonne minimum export price (MEP) on basmati rice has pulled down overseas shipments of the former by almost 83 per cent and around 30 per cent of basmati exports in a month. Data sourced from various trade agencies and shippers showed that […]

Island getaways are a dream come true for a wide range of travelers, from adventurous backpackers to families and retirees. Destinations such as Bora Bora, Tahiti, the Maldives, and the Seychelles captivate visitors with their pristine, untouched beauty. However, these idyllic island escapes are facing a dire threat from human-induced climate change. The warming of ocean waters, rising sea levels, […]

If there is one thing that investors really hate, it is dilution. When a company sells new stock, the price of every share of stock typically falls. Rivian Automotive Inc. (NASDAQ: RIVN) has not issued new stock yet, but that is the effect the company’s announced issue of $1.5 billion in new convertible notes will have on existing shareholders. The […]

EXCLUSIVE: Scott Bakula will return to the New York stage this winter in an Off Broadway, world premiere production of the new musical The Connector, conceived and directed by Daisy Prince with music and lyrics by Tony winner Jason Robert Brown (Parade) and a book by Jonathan Marc Sherman. A production of the acclaimed Off Broadway non-profit company MCC Theater, […]

American Idol winner Nick Fradiani will take over the role of Neil Diamond this month from the departing Will Swenson in Broadway‘s bio-musical A Beautiful Noise, The Neil Diamond Musical, producers Ken Davenport and Bob Gaudio announced today. Fradiani, who won the 2015 edition of American Idol and last year released his second album Past My Past, will begin his […]

While companies remain cautiously optimistic about demand panning out this year, a dry August has already played spoilsport for demand, especially in rural areas. Higher inflation has again become a matter of concern for fast-moving consumer goods (FMCG) companies. After prices of commodities like sugar and wheat moved higher and stabilised at those levels, the crude oil too surged, adding […]

HDFC Bank has reshuffled the portfolios of its senior management team. This is the first major rejig after the amalgamation of HDFC Ltd on July 1. “The runway for our growth is large. This change is being done to bring in a very sharp focus on leveraging what we have built and for enhanced execution,” said Sashidhar Jagdishan, managing director […]