Beyond Financial News

AQI in Delhi is nearing the 500 mark, categorized as severe pollution. With Diwali approaching, the state government has taken immediate measures to lower pollution levels through specific initiatives. Here is a brief overview of which vehicles are permitted to operate in the national capital region and which ones are prohibited to control pollution.

SVB) shows, sometimes even supervisors are unaware of the risks a bank is taking, or are unable to stop it when they see it. Moreover, capital regulation will often fail to limit a bank’s pursuit of tail risks that earn profits in good times, because those earnings will add to its capital and allow it to take still more risks—at least until the bad times come. Finally, insofar as more capital gives bank management a longer leash, higher capital requirements may come with an offsetting cost.

rupee depreciated 4 paise to 83.26 against the US dollar in the morning session on Friday, tracking a strong American currency overseas and sustained foreign fund outflows. Forex traders said a positive trend in domestic equities supported the local unit at lower levels and restricted the downside.

rupee ended at 83.24 against the US dollar. “Most traders are betting that the US FED is done with rate hikes and therefore we saw some reprieve in the rising dollar index," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.

Prashant Tripathy, MD & CEO, Max Life Insurance, says: “We finished our year last year at a little over 31% margin and ever since this year began, I have been saying that this kind of margin for Max Life Insurance will be unsustainable and the guidance that we have given to the market for the full year is between 27% to 28%. Where we are right now is as per plan, it was supposed to be compressed. ” You have managed to grow your APE faster than your peers. Is this performance expected to continue and which products drove the growth for you? If you look at the quarter, the private industry average growth on collected premium basis, new sales is about 16%.

Investing.com — Stocks soared on Thursday as investors reacted to signals from the Federal Reserve that it could be close to the end of its interest rate increases after raising rates above 5% since early 2022.

Investing.com — The Dow closed sharply higher Thursday, buoyed by a slump in Treasury yields ahead of the monthly jobs report due Friday following bets that the Federal Reserve is done raising interest rates.

insurance company to Zurich Insurance Co. for ₹4,000 crore. In an interview, Jaimin Bhatt, chief financial officer of Kotak Mahindra Bank, comments on the strategy behind the sale and the valuation the business is seeking.

Federal Reserve that its rate-tightening cycle may be over. This may appear premature with inflation beyond target, but the Fed is calibrating its policy to the expansionary fiscal stance that is driving up treasury yields. Government borrowing may avert a hard landing for the US economy as consumption is squeezed further.

The reduction of is part of a broader corporate review, the company says.

Amazon Prime Video has announced a documentary on the life and achievements of renowned snooker player Ronnie O'Sullivan. Titled "Ronnie O'Sullivan: The Edge of Everything," the feature-length film will delve into the world of the esteemed athlete, examining both his personal obstacles and the pressures he faced following his success. Th documentary, which is scheduled to release later this month, is produced by Studio 99-David Beckham's production company. In 2021, O'Sullivan granted unprecedented access to his life as he contemplated a future beyond the world of snooker.

A growing stockpile of legal defeats suffered by the US Securities and Exchange Commission (SEC) has garnered widespread attention. One notable observer is Ripple’s Chief Legal Officer Stuart Alderoty, who has expressed concern over this trend.

act: cutting vegetables. But the meditative pleasure it brings when you cut through the veggies makes it much more than just a part and parcel of the cooking process.

Small ticket borrowers are slowly starting to miss their repayments and seen to be delaying repayments beyond a month of the scheduled date. For consumers having at least one small-ticket personal loan, the balance-level delinquency rate or the percentage of borrowers missing a repayment was 5.4% in Q2’ 2003-24, up 120 bps (basis points) since Q2 2022-23 a report by credit bureau Transunion Cibil notes. During Q2’ 2023, overall balance-level serious delinquencies (measured as 90 days or more past due) improved across product categories, except for credit cards and personal loans according to the report. But delinquencies on small-ticket personal loans have a marginal impact on the overall retail loan portfolio, which looks at the outstanding balances of all retail products including home loans, auto loans, credit cards, personal loans, and others. Small-ticket personal loans of less than Rs 50,000 account for 0.3% of the total retail loan book size at an industry level. Even though delinquencies on small-ticket personal loans have a marginal impact on the personal loan portfolio, these need to be monitored closely, especially because consumers may prioritize other payment obligations ahead of personal loan payments, which in turn may be a wider indicator of financial stress, the credit bureau report said. The credit industry landscape has changed significantly over the last four years.

In recent days, the financial markets have witnessed a shift in focus, moving from geopolitical concerns to economic data, largely due to a waning Middle East news flow.

Bharti Airtel, India’s second largest telco, is expected to spend up to another Rs 14, 000 crore in capex spending towards 5G rollout and rural 4G expansion, with the spending on this account expected to moderate from FY25 onwards, analysts said. This will take the annual capex spending by the telco this fiscal year through March 31, 2024, to a range of between Rs 28, 000 crore and Rs 31, 000 crore, they added. “FY24 is the peak year of capex, as radio capex is high because of considerable 5G rollout as well as rollout of new 4G sites.

Billions Season 8 release date has been a subject of long-standing query from the section of viewers. The curiosity has only grown after the season 7 finale of the Paul Giamatti and Damian Lewis-starrer.

ArcelorMittal Nippon Steel India on Thursday moved the Delhi High Court seeking a stay on GAIL (India) Ltd's notice to terminate a 2022 agreement for supply of liquefied natural gas (LNG) for its steel plant in Hazira, Gujarat. The steel manufacturer wants a direction to GAIL to continue supply of LNG, particularly in November, till the arbitration tribunal decided the dispute between them. It has also asked the high court to restrain the central public sector undertaking from taking any coercive action, including exhausting and alienating the LNG quantity which allegedly the state-owned firm is duty-bound to supply to it. Justice Neena Bansal Krishna after hearing the arguments for the interim stay asked GAIL to respond to the ArceorMittal’s petition by Monday.

The arrival of the festive season brings the occasion to transform your home from its gloomy state. In this spirited season, the call to action is clear: revamp your living spaces with fervour, infusing them with the colours of festivities. Your home is not just a place but a canvas for self-expression. Hence, don’t settle for the mundane and monotonous; instead, take inspiration from the latest trends to breathe new life into your interiors.

Walt Disney said it will acquire a 33% stake in Hulu from Comcast for approximately $8.6 billion, a deal that will give Disney undisputed control of the streaming service. Disney has actually run Hulu since 2019, when Comcast ceded its authority to Disney and effectively became a silent partner.

(Reuters) — Wall Street futures on Thursday got a boost from hopes that the Federal Reserve had reached the end of its tightening campaign, while a number of upbeat corporate forecasts also lifted sentiment.