Beyond Financial News

₹1.12 trillion tax payments retrospectively. However, as the notices await adjudication, the final figure has not yet been determined under the provisions of Central GST Act. Delhi-based lawyer Dhruv Garg, who is a technology law and policy expert, said 2023 and 2024 have been a mixed bag for the industry.

«You can't fight the Fed» is a famous refrain repeated by most market participants throughout the years. Unfortunately, it is just not true. The truer statement is that «you can't fight the market.» Along these lines, I just read a bearish article and saw this comment, which also received a high number of «likes:»

Investing.com — U.S. stock futures drift as a strong trading year approaches the close, while Apple is freed to sell its smartwatches, at least for now. Xiaomi looks to move into the crowded Chinese EV market, while crude prices and the dollar continue to head lower.

Volodymyr Zelensky, the Joe Biden-led United States administration sanctioned military aid for the war torn country. However, this could be the ‘last’ aid the western country has available without fresh approval from US Congress, where talks have stalled. The latest tranche from the US for the includes air defence, artillery and small arms ammunition, and anti-tank weapons.

Bank credit growth is expected to remain healthy at 12-13 per cent in the next fiscal, rating agency ICRA said while maintaining a positive outlook on the banking sector. In a statement, ICRA said the positive outlook on the banking sector is mainly driven by comfortable asset quality levels, with both corporate and retail portfolios performing well in terms of delinquencies, resulting in limited net-NPA additions.

Goldman Sachs, a leading global investment banking firm, has projected a substantial surge in trading volumes of blockchain-based assets in the next one or two years, with significant market growth anticipated in three to five years, according to an interview with Reuters . This forecast, as revealed in a recent Reuters interview with Mathew McDermott, the bank's global head of digital assets, aligns with the growing interest in digital assets and blockchain technology observed across the financial sector.

The digital tenge, which represents Kazakhstan's pioneering venture into central bank digital currencies (CBDCs), has completed its pilot project, which lasted for a month. This groundbreaking endeavor into digitizing the national currency, which represents a huge shift in the landscape of Kazakhstan's financial technology systems, is an important milestone. The accomplishment of the project serves as a guiding light leading to the possibility of future developments in applications using digital money.

Pensions plans made the political headlines in 2023 like seldom before, from Alberta’s threat to pull out of the Canada Pension Plan with more than half of the fund’s assets to Ottawa’s desire, stated in the fall fiscal update, to have the globetrotting trillion-dollar asset managers invest more at home. The Financial Post spoke to Alberta Investment Management Corp. chief executive Evan Siddall about these issues, geopolitics and how AIMCo is evolving its investment strategy for 2024 and beyond. This interview has been edited and condensed for space.

Nirav Karkera, Head of Research, Fisdom, says: “I am not quite sure if 2024-25 will actually turn out to be the year of passives per se but definitely largecaps are expected to make a comeback. But at the same time, it is not expected to make a comeback at the cost of small and midcaps. So, there are a few good things that have been going in favour of small- and midcaps as a segment and we expect a lot of this to be carried forward into the New Year as well.” Before I ask you how you think midcap and smallcaps would be faring in 2024, let's just analyze the performance in 2023 where we have seen Nifty Small-Cap growing beyond 40%, Nifty Mid-Cap close to 38%, beating Nifty-50. Also, midcap and smallcap funds have given returns beyond 35%. It has been said that 2024 and 2025 are going to be years of passive funds and specifically focusing on large cap category. But then what is going to be the trajectory of midcaps and smallcaps going ahead? Nirav Karkera: Definitely one thing that is very clear that largecaps are once again gaining a lot of investor favour and investor interest and this comes on the back of a very stellar run-up in the mid- and smallcap segments. In fact, the run-up has been so good that it has pushed many investors to the edge of their seats, worried about what lies ahead after such a rally. Does it fizzle out from here or what is it that can keep the rally sustaining going ahead?

By Yelin Mo and Casey Hall

commodity that has consistently held its allure is gold. Beyond its aesthetic and cultural significance, gold often plays a pivotal role in the financial realm, especially when it comes to securing loans. The recent surge in gold prices has set off a ripple effect, reshaping the dynamics of gold loans in more ways than one.

Delhi University has issued a directive requiring its teaching and non-teaching staff to undergo a mandatory certificate-cum-refresher course on Bhagavad Gita, sparking dissatisfaction among some teachers who expressed concerns about the potential promotion of "sectarian beliefs." The 20-day course, scheduled to run until January 9, is offered both online and offline, from 4:30 pm to 6:30 pm. College principal SP Aggarwal, in an email to the teaching staff, explained that the course aligns with the establishment of the Indian Knowledge System Centre at the college, emphasizing the need to sensitize staff through such programs.

financial planning, providing a holistic perspective on individuals' financial landscape. Tailored for mid-to-high-net-worth individuals, its primary objective is to foster the growth and efficient management of their wealth. As we navigate the complexities of financial planning, the presence of inherent risks and challenges, particularly in terms of tax savings, often obstruct the strategic preservation of wealth.

NEW DELHI : India and South Korea are discussing joint development projects in neighbouring countries such as Sri Lanka and Bangladesh, according to persons aware of the matter. While talks are still in early stages, the development is significant as it reflects a renewed focus on bilateral relations between India and South Korea, with Seoul seen expanding its strategic interests beyond East Asia. Mint had earlier reported that South Korean president Yoon Suk-Yeol is eyeing a visit to India to push key projects and discuss strategic technologies, the Indo-Pacific Oceans Initiative and China-related matters.

Treehouse Jaipur. We may have built a serene and peaceful natural resort, but we have also left plenty of room for your wild side to emerge - whether it’s climbing onto an ATV for an off-road ride or ascending high up in the sky in a hot air balloon. It’s time to step out of your comfort zone and go, go, go: Motorsport Off-roading: We’re declaring this is one of the coolest things to do in Jaipur.

NFOs. Fuelled by a generally optimistic market sentiment, mutual funds seized the opportunity to launch a variety of schemes designed to cater to a broad spectrum of investor preferences. Before the conclusion of this year, around 228 NFOs, spanning active and passive schemes in both equity and debt categories, including open-ended and close-ended schemes, have attracted investments exceeding ₹50,000 crores.

Delhi High Court on Thursday refused urgent listing of a plea by Neelam Azad, a woman arrested in the December 13 Parliament security breach case, who alleged that her police remand was illegal as she was not allowed to consult a legal practitioner of her choice to defend her during the trial court proceedings. The matter was mentioned for urgent hearing by her lawyer before a vacation bench of Justices Neena Bansal Krishna and Shalinder Kaur, which said there was no urgency in the matter. «In any case it will be taken up on 3rd (January).

External Affairs Minister S Jaishankar on Wednesday held a meeting with Russian President Vladimir Putin in Moscow. Russian Foreign Minister Sergey Lavrov and Indian Ambassador to Russia Pavan Kapoor were present at the meeting. Jaishankar is currently undertaking a five-day visit to Russia from December 25 to 29, as part of the ongoing series of high-level engagements between the two nations.

Prime Minister Narendra Modi is «willing to do his utmost» to address the Russia-Ukraine issue through «peaceful means». Putin's remarks came during a meeting with External Affairs Minister (EAM) S Jaishankar at the Kremlin on Wednesday.

An economy produces two broad types of output: farm and non-farm. The non-farm sector comprises industry and services. As the economy develops, their expansion drives economic growth.

Anand Mishra, the Superintendent of Police in Assam's Lakhimpur district, on Wednesday resigned from the Indian Police Service, saying he wants to concentrate on social work. He was recently deputed to the special investigation team to probe Manipur violence. In a letter to Assam's chief secretary, Mishra cited «social and personal goals in life» for his resignation. He wrote: «This is to submit my unconditional resignation from the IPS to pursue a life of freedom and independence that I want to realise through various social services and other means beyond the mandate of IPS.» It is speculated that Mishra, who hails from Arrah in Bihar, may make his poll debut from Buxar Lok Sabha seat.