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    Bodhi Tree Systems, backed by James Murdoch and Uday Shankar, has invested $180 million for a majority stake in Adyar Ananda Bhavan, or A2B, as it looks to scale the South Indian food brand in India and overseas. The partnership will focus on restaurant and packaged-food expansion, digital capabilities and manufacturing, with Uday Shankar becoming chairperson of A2B’s new board.

    MSCI rejig: LIC, Meesho, Coforge set to gain from index inclusion. How much inflows could they attract?

    MSCI’s November index rejig will add LIC, Coforge, Meesho and Adani Green to its Standard Index, while removing PI Industries. Nuvama estimates the changes could trigger around $2 billion in passive inflows into Indian equities. Several stocks will also see weight adjustments, while the Smallcap Index will witness fresh additions and exclusions, creating potential stock-specific inflows and outflows.

    A double transition for corporate India: New accounting rules, new auditors

    Companies are preparing for the transition to Ind AS 118 which will impact financial statement reporting. Changes in statutory auditors coinciding with the transition may lead to additional audit work. Incoming auditors will have to familiarize themselves with the new framework and assess comparative figures. Effective communication between outgoing and incoming auditors is crucial during this period.

    In Logan, Utah, Dale’s 1955 Sinclair Service Station underwent a $565,000 restoration and became a flower and gift shop

    After undergoing extensive renovations, Dale's Sinclair Service Station has successfully transitioned into a lively floral shop, thanks in part to valuable tax credits. The National Park Service highlights the economic benefits that arise from investing in historic preservation—creating jobs and boosting GDP. Restoring these historic buildings not only curtails carbon emissions but also plays a vital role in revitalizing communities by preserving informal gathering spaces for residents.

    Warren Buffett’s 7 golden rules for young investors trying to manage finances

    Warren Buffett shares seven essential financial lessons for young investors, emphasising frugal living, eliminating high-interest debt, long-term investing, understanding businesses, maintaining cash reserves and portfolio diversification through his 90/10 rule. He also reminds investors that financial wealth matters less than happiness, relationships and unconditional love.

    Deepinder Goyal's Rs 85,000 Temple wearable faces scientific credibility test as doctors question claims

    Deepinder Goyal has introduced a pricey forehead-worn device called Temple which monitors physiological signals. The product claims to measure brain blood flow and offers insights into ageing. However, medical professionals dispute its claims and question the scientific validation behind its technologies. Goyal defends Temple by citing internal studies and a commitment to future peer-reviewed research. The device is currently not available to the public, with pre-orders starting in India.

    The Economic Times
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