Family Offices Have Become the New Power Players on Wall Street| Business News

Family offices are the new power players on Wall Street. Representational purposes only. A growing number of wealthy Americans are launching family offices, firms that do everything from investing money for the superrich to managing their personal affairs. They are huge and secretive, and their influence on Wall Street and Main Street is only growing. […]

No ‘Santa Rally’ as Sensex, Nifty 50 open lower after Christmas Day break| Business News

India’s stock market inched lower at the open today, as markets paused on thin year-end trading volumes, with analysts saying further upside dependent on earnings momentum. The National Stock Exchange building in Bandra Kurla Complex, Mumbai. (Livemint) At 9:50 am, the 30-share S&P BSE Sensex was trading lower by about 0.25% at 85,200 levels even […]

India to assume chair of global diamond watchdog Kimberley Process from Jan 1| Business News

NEW DELHI: India will assume chairmanship of the UN-backed global forum Kimberley Process (KP) to prevent trade of conflict diamonds from January 1 for the third time, Union commerce and industry minister Piyush Goyal said. FILE PHOTO: Diamonds are displayed during a visit to the De Beers Global Sightholder Sales (GSS) in Gaborone, Botswana November 24, 2015 […]

Gig, delivery workers call for all-India strike on Christmas Day, New Year’s Eve| Business News

Associations representing gig workers in India have called for an all-India strike on Christmas Day and New Year’s Eve—two of the busiest days of the year for the likes of Swiggy, Zomato and Blinkit—over what they claimed were worsening working conditions and reduced commissions. The gig workers strike is a protest against what their associations […]

Reliance Industries resumes Russian oil imports to feed Jamnagar refinery| Business News

Reliance Industries Ltd. has resumed Russian oil imports, sourcing barrels from non-sanctioned suppliers and routing them to its Jamnagar refinery in Gujarat, according to people with knowledge of the matter. Reliance Industries has resumed Russian oil imports from non-sanctioned suppliers and routing them to its Jamnagar refinery. (Reuters) India’s largest refiner contracted Aframax tankers from […]