Latest news with #Gulati
CBC
2 days ago
- Business
- CBC
Meet the 11 candidates vying to succeed George Darouze in Osgoode
Social Sharing Better roads. More police. Giving rural wards like Osgoode a stronger voice at city council. These are some of the goals of the 11 people vying to be Ottawa's next Ward 20 councillor. The seat became vacant after George Darouze was elected as Carleton's MPP. Residents will vote on his replacement on June 16 from 10 a.m. to 8 p.m, or in advance on June 6. To help electors understand who the candidates are and what they stand for, we asked all 11 to complete a questionnaire, and most of them responded. You can learn more about the candidates and what they had to say by reading their questionnaire responses below. You can also skip directly to the candidate you want to hear from by following these links: The election comes over a year before the city's next general election on Oct. 26, 2026. For more information about where and how to vote, visit the city's election page. Candidates CBC Ottawa sent a detailed questionnaire to Osgoode candidates and all but one responded. Candidates were also asked to submit photos of themselves. Where candidates have websites or campaign pages on social media, those links can be accessed by clicking on the candidate's name. Road maintenance, plus policing and emergency presence are among Boone's top priorities for the ward. here. Gulati cites the creation a local business association as one of his top priorities, and also wants to make the Tewin development a "win-win situation" for residents and developers. Read his questionnaire answers in full here. Dalton Holloway Holloway says it's important that Osgoode has the right infrastructure. He also wants to make sure the rural voice is "amplified." here. Colette Lacroix-Velthuis Ensuring the city executes on the area's core services, community safety, and emergency services "that we deserve" are among Lacroix-Velthuis's priorities. here. Dan O'Brien O'Brien says he wants improved road conditions in the ward — and more police to discourage speeding and other illegal activity. here. Isabelle Skalski Priorities for Skalski start with roads: better maintenance, addressing a lack of paved shoulders and expanding key routes. here. Doug Thompson Thompson also counts a lack of sufficient policing as a concern, and he's also advocating for road upgrades. here. Gregory Vail Vail is intent on joining forces with Ottawa's four other rural councillors to strength their collective voice, and working closely with community groups. here. Jennifer van Koughnett "My platform is what I like to call the Ts; traffic: trails, and transparency," van Koughnett writes. Arnold Vaughan Peter Westaway Westaway is intensely focused on rethinking Ottawa's Greenbelt, and believes the ward should concern itself more with what is going on in the city as a whole.
Mint
5 days ago
- Business
- Mint
Trump's tariffs blocked: Is it the right time to move money from gold to stocks? EXPLAINED
The Indian stock market benchmark indices, Sensex and Nifty 50, traded higher on Thursday, mirroring upbeat sentiment in global equities after a US federal court blocked President Donald Trump's tariffs from going into effect. Putting on hold the country-specific reciprocal tariffs imposed by Trump on the US's trading partners, the Manhattan-based Court of International Trade said the US Constitution gives Congress exclusive authority to regulate commerce with other countries that is not overridden by the president's emergency powers to safeguard the US economy. The decision sparked a global rally in equities and commodities, with the notable exception of gold, which lost its safe-haven appeal as risk appetite improved. Gold prices declined sharply, hitting their lowest levels in over a week. Spot gold price fell 0.6% to $3,271.17 per ounce, while US gold futures dropped 0.8% to $3,268.20. Domestically, the MCX gold rate also tracked the decline, falling 0.61% to ₹ 94,701 per 10 grams. 'Gold prices remain under pressure amid improving risk sentiment. The blocking of Trump's tariffs supports crude and base metal prices, but weakens the outlook for gold prices,' said Ajay Kedia, Director of Kedia Advisory. Kedia noted that gold prices have repeatedly failed to breach the ₹ 96,000 – ₹ 96,500 resistance zone. 'A weekly close below ₹ 95,000 may open the door for further downside toward ₹ 92,200. Major support is seen at ₹ 89,500,' he added. Mohit Gulati, CIO and Managing Partner of ITI Growth Opportunities Fund, cautioned against reading too much into the market's rally. 'The recent ruling has triggered a risk-on sentiment, but beneath the surface lies deeper instability. The US's oscillation between protectionism and liberalisation has eroded its credibility,' he said. Gulati emphasised that while investors may be tempted to rotate out of gold and into equities, the unpredictability of global economic policy reinforces bullion's role as a hedge against systemic volatility. 'While stocks may see a temporary bounce, gold's shine will persist as a universal asset in a multipolar world. In short: the market's euphoria is a mirage, but gold's value as a manifesto against fickleness is here to stay,' Gulati said. Prashanth Tapse, Senior Vice President (Research) at Mehta Equities, also pointed to the potential of a short-term rally in equities following the US court decision. 'The verdict has eased immediate concerns over trade wars, lifting US stock futures and boosting emerging markets like India. However, the broader uncertainty surrounding global trade policy persists and will likely contribute to continued market volatility,' he said. Tapse believes the next major trigger for Indian equities could be the anticipated US-India trade deal, expected in June 2025. 'That will be a key event to watch and could provide more clarity on the future trajectory of bilateral trade relations,' he noted.
Mint
6 days ago
- Business
- Mint
Trump's tariff blocked: Is it the right time to move money from gold to stocks? EXPLAINED
The Indian stock market benchmark indices, Sensex and Nifty 50, traded higher on Thursday mirroring upbeat sentiment in global equities after a US federal court blocked President Donald Trump's tariffs from going into effect. Putting on hold the country-specific reciprocal tariffs imposed by Trump on the US's trading partners, the Manhattan-based Court of International Trade said the US Constitution gives Congress exclusive authority to regulate commerce with other countries that is not overridden by the president's emergency powers to safeguard the US economy. The decision sparked a global rally in equities and commodities, with the notable exception of gold, which lost its safe-haven appeal as risk appetite improved. Gold prices declined sharply, hitting their lowest levels in over a week. Spot gold price fell 0.6% to $3,271.17 per ounce, while US gold futures dropped 0.8% to $3,268.20. Domestically, MCX gold rate also tracked the decline, trading 0.61% lower at ₹ 94,701 per 10 grams. 'Gold prices remain under pressure amid improving risk sentiment. The blocking of Trump's tariffs supports crude and base metal prices, but weakens the outlook for gold prices,' said Ajay Kedia, Director of Kedia Advisory. Kedia noted that gold prices have repeatedly failed to breach the ₹ 96,000 – ₹ 96,500 resistance zone. 'A weekly close below ₹ 95,000 may open the door for further downside toward ₹ 92,200. Major support is seen at ₹ 89,500,' he added. Mohit Gulati, CIO and Managing Partner of ITI Growth Opportunities Fund, cautioned against reading too much into the market's rally. 'The recent ruling has triggered a risk-on sentiment, but beneath the surface lies deeper instability. The US' oscillation between protectionism and liberalization has eroded its credibility,' he said. Gulati emphasized that while investors may be tempted to rotate out of gold and into equities, the unpredictability of global economic policy reinforces gold's role as a hedge against systemic volatility. 'While stocks may see a temporary bounce, gold's shine will persist as a universal asset in a multipolar world. In short: the market's euphoria is a mirage, but gold's value as a manifesto against fickleness is here to stay,' Gulati said. Prashanth Tapse, Senior Vice President (Research) at Mehta Equities, also pointed to the potential for a short-term rally in equities following the US court decision. 'The verdict has eased immediate concerns over trade wars, lifting US stock futures and boosting emerging markets like India. However, the broader uncertainty surrounding global trade policy persists and will likely contribute to continued market volatility,' he said. Tapse believes the next major trigger for Indian equities could be the anticipated US-India trade deal, expected in June 2025. 'That will be a key event to watch and could provide more clarity on the future trajectory of bilateral trade relations,' he noted. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
27-05-2025
- Business
- Time of India
Slikk raises $10 million in Series A led by Nexus Venture Partners to fuel 60-minute fashion commerce push
New Delhi: Quick-commerce fashion startup Slikk has raised $10 million in Series A funding , led by Nexus Venture Partners with participation from existing investor Lightspeed . The Bengaluru-based platform will use the capital to expand its category offerings, roll out instant returns, and deepen its presence across urban India . 'This round allows us to double down on experience and expand into categories like beauty, personal care, accessories, and footwear,' said Akshay Gulati , Co-founder and CEO, Slikk. 'We're also focused on introducing instant returns and scaling to more pin codes.' With its 60-minute fashion delivery model, the brand is targeting impulse-driven Gen Z and millennial consumers with a blend of speed, curated fashion, and convenience. The platform offers Try & Buy, instant refunds, and one-hour delivery. Founded by Gulati, Om Prakash Swami (CTO) and Bipin Singh (CPO), Slikk currently operates in Bengaluru and plans to expand across key metros. With India's apparel market projected to hit $109 billion and beauty & personal care set to cross $34 billion in 2025, the company is eyeing a slice of India's fast-growing lifestyle commerce pie.
Time of India
27-05-2025
- Business
- Time of India
Fashion delivery startup Slikk Club raises $10 million led by Nexus Venture Partners
Live Events Bengaluru-based 60-minute fashion delivery startup Slikk Club has raised $10 million (about Rs 85 crore) in a funding round led by early-stage venture capital firm Nexus Venture Partners The round also saw participation from existing investor Lightspeed The funds will be used to launch new lifestyle categories, roll out instant returns and expand into more pin codes.'It's primarily for leadership hiring within the company now, as we are moving into a growth and maturity stage,' cofounder and chief executive Akshay Gulati told in 2024 by Gulati, Om Prakash Swami and Bipin Singh, the vertical quick commerce startup focuses on fashion and lifestyle, offering one-hour deliveries across Bengaluru The company has more than 150 brands listed on the platform, including Snitch, The Souled Store, Freakins, Uptownie, Off Duty, Bonkers and Bewakoof. It aims to have more than 500 brands on the platform by said the company is set to expand to a new city soon, without disclosing further details. Earlier ET had reported that the company would expand its presence to Mumbai and Delhi-National Capital platform aims to have six to eight dark stores by September, up from two in Club also plans to diversify into categories such as beauty and personal care, footwear, accessories and wearables.'We started with western wear, then expanded into ethnic wear, and began piloting accessories, wearables and footwear. Existing apparel customers are buying across categories, and new ones are coming in for these too. Since it's working well, we plan to double down on these categories,' Gulati said, adding that these categories will be live on the platform within two company last raised $3.2 million in March in a funding round led by on the investment, Pratik Poddar, partner at Nexus Venture Partners, said, 'Having watched quick commerce reshape India's consumer behaviour, we firmly believe fashion is the definitive next frontier for digital disruption.'We backed Slikk at the seed stage because their take on fashion commerce was refreshingly ahead of its time. We are happy to double down on our investment and support Akshay and the team's focus on newer categories and reaching a wider audience across India." said Rahul Taneja, partner, Lightspeed.
