Beyond Financial News

Oil prices jumped 1% on Monday on fuel supply concerns after a missile struck a Trafigura-operated fuel tanker in the Red Sea and as Russian refined products exports are set to fall as several refineries are under repair after drone attacks. Brent crude futures climbed 83 cents to $84.38 a barrel by 2341 GMT after hitting a session-high of $84.80. U.S.

TAX CHANGE: Interest earned on contributions to the Provident Fund beyond Rs.2.5 lakh in a year are now taxable HOW TO GET AROUND IT: Restrict contributions to Rs.2.5 lakh a year. If you need to invest more, open a PPF account, if you don’t already have one, or else, go for debt funds to defer tax. TAX CHANGE: LTCG beyond Rs.1 lakh from stocks and equity-oriented mutual funds are taxed at 10%. HOW TO GET AROUND IT: Harvest gains of up to Rs.1 lakh every year by booking profits, and then buying back the same stocks or mutual funds. TAX CHANGE: Maturity proceeds of Ulips are taxable if the combined premium of policies bought after 1 Feb 2021 exceeds Rs.2.5 lakh.

Like a Dragon: Infinite Wealth? This piece breaks down the main story length and what completionists can expect, providing insights into the Yakuza franchise's latest installment.

Will 2024 mark the return of the momentum factor to the performance spotlight?

The general market capitalization is increasing, with top cryptocurrencies like $BTC and $ETH gaining more liquidity. Market indicators suggest that a major comeback is imminent, and many cryptocurrencies are billed to experience a sustained rally during this period. Galaxy Fox‘s retail phase may also coincide with this favorable market time, increasing the meme coin’s chances of an excellent post-presale rally. We consider how these cryptocurrencies will fare in the improved market amidst different predictions from market observers.

Royal Rumble match has stood as a pinnacle in professional wrestling for over three decades, propelling stars from contenders to headline talent. The illustrious event, dating back to 1988, continues its legacy, heading to Tampa, Florida, on January 27. Airing on Peacock in the U.S., the Royal Rumble promises an exhilarating showdown with both men's and women's Royal Rumble matches featuring 30 wrestling icons each. The coveted prize? A chance to headline WrestleMania 40 in April.

Investors are currently enjoying a favourable environment. With high levels of optimism and the economy progressing positively, it’s understandable that investor confidence is on the rise. Yet, reshaping the stock market according to expectations is no simple task.

Budget on February 1. RVNL and Texmaco Rail could surprise, says Anand James, Chief Market Strategist, Geojit Financial Services.

Nifty50 and Sensex by considerable margins. This exuberant growth may spark excitement, but beneath the surface lies a market that might be getting a bit too frothy for comfort. Overconfident investors, perhaps overlooking essential market fundamentals, have contributed to pushing the prices of securities well beyond their intrinsic values. In this article, we will explore three reasons why caution should be taken by investors eyeing the capital goods sector.

FMCG companies have used strong aspirational demand to cross-subsidise sales in the mass category as they negotiated a surge in inflation. Pricing power at the top end of their product portfolio is allowing them the flexibility to experiment with pack sizes to keep consumers from downtrading. Grammage in price-sensitive packages is being increased and bridge packs are being introduced to create pathways for volume growth.

Zomi Council Steering Committee (ZCSC) submitted a memorandum to the Prime Minister highlighting the plight of the Zo people — the Hmars, the Kuki-Zos and the nine Zomi tribes — who continue to bear the brunt of Meitei radicals. The ZCSC letter described how the Arambai Tenggol, a Meitei militia group, after radicalizing and then subsequently militarizing the 700-odd square miles of Meitei ancestral territory within the last eight months, have influenced 39 Meitei representatives — 37 Members of Legislative Assembly (MLAS) and two Members of Parliament (MPs) — to take an Oath favouring the desires of the militia group. The memorandum explained how the Oath commissioned by Arambai Tenggol is a pledge by the Meitei MLAs and MPs to further the State sponsored ethnic cleansing pogrom on the Zo ethnic tribes and is no different from relinquishing of the Indian State of Manipur to a group of armed Meitei radicals. The entire Oath-taking exercise testified the collapse of democracy and all forms of governance in Manipur, a case similar to Afghanistan, Libya, Gaza, etc. where armed militias took over the elected government.

The Reserve Bank of India on Thursday gave nod to Zomato for its online payment aggregator operations. According to a communication to the stock exchange, Zomato Payments Pvt Ltd, a subsidiary of Zomato, has been given the approval to operate as an aggregator in the field of online payments.

High Net Worth Individuals (UHNIs). Acting as back offices, they cater to families and individuals with investible corpus over ₹5 crores, either as single-family offices for a specific family or as multi-family offices serving multiple families. First-generation entrepreneurs and top management professionals are now turning to family offices for wealth management.

In the volatile cryptocurrency market, investors continually seek emerging assets that offer exceptional profit potential. As we progress into 2024, this quest gains increasing relevance, with attention pivoting toward cryptocurrencies like Pandoshi (PAMBO) that exhibit immense room for growth. Looking deeper, this examination spotlights Pandoshi’s favorable position to potentially yield double digit returns in 2024, establishing its standing against prevading options like Shiba Inu.

Reserve Bank of India (RBI) is evaluating tokenising assets such as government bonds and customer deposits to expand the usage of its digital currency, two bankers aware of the developments told ET. Investors would be able to purchase government securities and other bonds using digital currency in their wallets.

The seventy-fifth Republic Day is a good occasion on which to reflect on our future outlook as a nation. The 21st century is India’s century, some say. There are aspirations that by 2050, when India celebrates its 100th Republic Day, it will be one of the largest economies in the world and a developed country in per- capita income terms.

Mint explores the Centre’s options to keep infra investment going. In the 2016-17 budget, the Centre allocated just ₹2.47 trillion for infrastructure. In 2023-24, this had quadrupled to ₹10 trillion.

₹8-11 lakh, whereas a master’s programme costs ₹15 lakh," said Ankur Dhawan, the president of upGrad’s international arm, upGrad Abroad. “Canada has also upped the guaranteed investment certificate (GIC) from CAD $10,000 ( ₹6 lakh) to CAD $20,635 ( ₹12 lakh). Students will have to look at more options in Europe now." A GIC acts as a proof that the student has the means to live and pay for expenses in Canada.

R K Singh on Thursday assured stakeholders that if required, additional funds will be allocated under the National Green Hydrogen Mission for the decarbonisation of the transport sector. Chairing a meeting of government and industry stakeholders from the transport sector in the national capital, he emphasised the government's commitment to energy transition and India's Nationally Determined Contributions (NDC) commitment to reduce emissions intensity.

In the current market which is obsessed with hyper-growth, the principles of value investing may appear to be overlooked at times. However, individuals like Mohnish Pabrai emerge as noteworthy figures, capturing the attention of investors across the spectrum. His consistent success in achieving remarkable returns through a value-oriented approach demands admiration and sparks interest.