After nearly four years of underwhelming performances in equity schemes, Aditya Birla Sun Life Mutual Fund (ABSL MF) is experiencing a revival. During the first quarter of the 2023-24 financial year (Q1FY24), the fund house arrested its declining market share, bolstered by stronger equity fund results and subsequent ratings upgrades. Mahesh Patil, the chief investment officer, attributes this resurgence to […]

UPDATED, 11:25 AM: Rick Astley has settled his right-of-publicity suit against “Betty (Get Money)” rapper Yung Gravy over a song that the British singer claimed borrowed heavily from his signature 1987 hit “Never Gonna Give You Up.” The rapper’s attorney filed court papers Tuesday with Los Angeles Superior Court Judge Elaine Mandel stating that the case was resolved Friday, but […]

Even as top Pegatron executives went to the factory near Chennai on Tuesday to make an assessment of the fire damage to decide on a possible date for resuming operations, sources said the impact of the closure will be minimal for Apple’s iPhone production. Late in the evening sources said that the factory might be operational soon-but said they are […]

(Updated with more deal details) After almost five months, the Writers Guild’s strike will be officially over at 12:01 am Wednesday. “Today, your Negotiating Committee, the WGAW Board and WGAE Council all voted unanimously to recommend the agreement,” the guild said today of tentative agreement worked out with the studios and streamers on Sunday. “It will now go to both […]

Viola Davis has been selected as one of the inaugural members of the President’s Advisory Council on African Diaspora Engagement in the United States. The council is being established to enhance dialog between United States officials and the African Diaspora, the community of African Americans and African immigrants. It was announced by Vice President Kamala Harris during the U.S.-Africa Leaders […]

Consumer demand for pistols – particularly semi-automatic handguns – has outpaced demand for every other firearm type in the United States nearly every year since 2010. And among the many calibers handguns are available in, 9mm is the most popular. Though physically smaller than many other commonly available handgun ammunition, such as .40 and .45 caliber, 9mm cartridges sacrifice little […]

Homebuilder confidence in the U.S. has unexpectedly deteriorated in the month of September, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index slumped to 45 in September after tumbling to 50 in August. Economists had expected the index to come in unchanged. The housing market index […]

The limited availability of flexible (flex)-fuel vehicles in the Indian market and the slow rollout of ethanol-blended petrol by oil-marketing companies (OMCs) remain major obstacles to achieving widespread use of biofuels in the transportation sector in India. Recently, two Union ministers have emphasised India’s biofuel potential, arguing that it has the capacity and potential to lead a transition towards widespread […]

Even as cement companies continue to announce ambitious expansion plans, analysts turn cautious over the sector as incremental supply is expected to coincide with a weak demand growth period, and other headwinds of higher fuel costs, weak monsoons and general elections. In August, JSW Cement said it will take its current 19 million tonnes (MT) capacity to 60 MT in […]