Debt as an investment avenue for the wealthy has been attracting more assets than equity. The portfolio management service (PMS) industry, whose services require a minimum investment of Rs 50 lakh, has seen a 4.4 per cent decline in equity assets since March 2022. Debt assets are up 11.7 per […]

Rivian dumped two key executives, indicating it is in a crisis that will not end. The electric vehicle maker did not appear to think the news was important, at least not as far as an announcement is concerned. The Wall Street Journal disclosed that Randy Frank, vice president of body […]

Tesla Inc. is planning to invest around $717 million to expand its gigafactory in Austin, Texas, reports said citing papers filed with the Texas Department of Licensing and Registration. The luxury electric vehicle maker has applied for construction permits to add about 1.4 million square feet of space to its […]

Powerhouse law firm Kinsella Weitzman Iser Kump Holley has promoted Kate Mangels and Allen Secretov to partners. Joining the 17 other partners in the Santa Monica-based firm, the Harvard and UCLA Law graduates have both been with KWIKH for five years “it is a pleasure to welcome Kate and Allen […]

Weather disasters have become almost a regular part of living in America. While the problem has worsened coast to coast, the state with the most weather disasters over the last decade is California. It is the third largest by area, which may contribute to the severity of the problem compared […]

EXCLUSIVE: CAA has signed Youn Yuh-jung, who in 2021 became the first Korean actress to win an Academy Award, as well as a SAG Award, an Independent Spirit Award and a BAFTA. The accolades came in recognition of Youn’s supporting role as the grandmother Soon-ja in Lee Isaac Chung’s semi-autobiographical […]

Travel from India increased significantly after resumption of direct flights in March, Turkiye Tourism Board said, with destination weddings contributing to arrivals. While the New Year is beginning with some uncertainties for travel firms in India because of a recent Covid-19 surge in China and some other countries, 2022 ended […]

After their near desertion in the wake of Covid-19, workplaces well and truly made a comeback in 2022 — making it the second strongest year of recovery for the office market in the past decade. The year saw record-high completions and pre-commitments after a slowdown of two years. Experts attribute […]

Stocks showed a significant move to the downside in early trading on Friday but staged a notable recovery attempt going into the close. While the major average climbed well off their lows of the session, they still ended the day in negative territory. The major averages finished the session modestly […]

Comcast has upped its Deputy Chief Financial Officer Jason Armstrong to the CFO post, succeeding Mike Cavanagh, who was named president of the NBCUniversal parent last October. Armstrong has served in several financial leadership positions over the past nine year. “Jason is ideally suited to be our next Chief Financial […]