Beyond Financial News

said central banks bought over 290 tonnes of gold in the first quarter of calendar 2024–that’s the highest on record. The history of the financial markets shows that any spectacular fall in asset prices triggers a cascading effect on all asset prices. This is logical.

SpiceJet has delayed the June salaries further to a section of its employees, citing «pressing operational financial commitments». In an email to pilots sent on Thursday, Virendra Malhotra, vice president of flight operations at SpiceJet said the salaries, which have been «delayed...this month (June) beyond expectations» would be disbursed «shortly». ET has seen a copy of the letter.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Compassion is a sublime virtue and meditative practice. Compassion distinguishes itself from loving kindness because it extends beyond feelings of warmheartedness and goodwill toward others. It is the process of permitting ourselves to be profoundly affected by the pain and vulnerability that all living things share.

Mortgage rates haven’t been this attractive in more than a year, good news for homeowners eager to refinance

Indian Oil Corporation (IOC), the nation's largest oil firm, sources said. While 10 out of the nearly 60 candidates who applied were called for interviews, GAIL chairman and managing director Sandeep Gupta is being considered a wildcard. Gupta had not applied but was called for the interview, three sources aware of the matter said. «They had invited 10 of the candidates who had applied. Gupta was the 11th person to be interviewed,» one of them said.

Sebi's 7-point proposal is driven by the need to address emerging risks and challenges in the index derivatives market. By implementing these measures, the regulator aims to enhance retail investor protection by reducing complexity and risk, promote market stability by discouraging excessive speculation by retail investors and encouraging meaningful market participation and support market growth by promoting investor confidence and participation. Let’s have a look at how the proposed measures will impact the ecosystem:

Somanathan as India's new cabinet secretary. A 1987 batch Tamil Nadu cadre IAS officer and current finance secretary, Somanathan will serve a two-year term, initially assuming the role of officer on special duty. He will take over India's top bureaucratic post on August 30, according to a statement from the Department of Personnel and Training (DoPT). With a distinguished career spanning over three decades, he has held various key positions, including joint secretary in the Ministry of Corporate Affairs, and joint secretary and additional secretary at the Prime Minister's Office. Bold Policy Reforms

High Court has directed the capital markets regulator to disclose the letter that exempted ICICI Securities from the reverse book-building process required for delisting. In a ruling on Wednesday, the court directed the Securities and Exchange Board of India (Sebi) to provide the petitioner-ICICI Securities shareholder Aruna Vinod Modi-with a copy of the exemption letter, subject to a non-disclosure undertaking. The investor had moved the court, contesting Sebi's decision to grant parent ICICI Bank relaxation from rules on delisting the broking firm.

NaBFID), which funds India's infrastructure sector, is raising at least '1,000 crore by issuing a rare 20-year bond, the first of its kind from a development finance institution (DFI) from the country in many years. «The bond will be priced on Monday with a base issue size of '1,000 crore with the option of increasing the size by another '4,000 crore. Insurance companies and pension funds which are the only buyers of this security have already been sounded off,» said a person aware of the issue. The company's debt is rated AAA.

Mad Max Saga," will be available for streaming on Max beginning August 16. The film follows the story of Furiosa, portrayed by Anya Taylor-Joy.

swing states, the Republican candidate is losing ground in battleground states. The Cook Political Report has predicted that the former president would not win in Arizona, Georgia, and Nevada, reports the 'Independent'. It has moved these states from leaning Republican to “toss-ups.” Editor-in-chief Amy Walter wrote in the report on Thursday that Kamala Harris leads Trump by less than one point. He pointed out that Battleground state polls show similar results, the vice president is reducing the Republican's lead by two to five points.

By the time we made it to the water fountain at Havasupai Gardens, about 3 miles up from where the Colorado River lacerates the Grand Canyon, I had started questioning the choices that had brought me here. We had trained on long-distance hikes in the summer heat, kitted ourselves out until we looked like walking REI catalogs, printed maps and studied routes, but my cousin Jeremy had hit a wall. With the energy I had left, I located an alarmed park ranger, who pointed out the salt stains on Jeremy’s shirt and told him to cool off in a nearby creek.

Answering «whether the government is actively considering to release 18 months dearness allowance /relief of central government employees/pensioners which were withheld during COVID outbreak,» Pankaj Chaudhary, Union Minister of State (Finance) said, «No». Explaining the rationale behind it, Chaudhary said in his written reply in the Parliament, «The decision to freeze three installments of Dearness Allowance {(DA)/Dearness Relief (DR) to Central Government employees/pensioners due from 01.01.2020, 01.07.2020 & 01.01.2021 was taken in the context of COVID-19, which caused economic disruption, to ease pressure on Government finances...As the adverse financial impact of the pandemic in 2020 and the financing of welfare measures taken by the Government had a fiscal spillover beyond FY 2020-21, arrears of DA/DR were not considered feasible.» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid»

When I started working on the JP Morgan Emerging Markets investment trust in 1994, the concept of emerging markets was a niche, almost esoteric, part of the investment landscape. Today, it is an essential component of global finance, and understanding this evolution is key to navigating the future of investing in these dynamic regions. The evolution of emerging markets In the early 1990s, the notion of investing in emerging markets was met with scepticism. Many of my colleagues were puzzled by my decision to venture beyond the USA or Western Europe. Back then, investing in Spain ...

fascinating documentary called Katiyabaaz at the Mumbai Film Festival (MAMI). At the time, I had no idea what it was about. Later, I learned that the title translates to "electricity thief," a fitting description for its subject matter.

apparatchiks in Beijing had seemingly not realised that the ensuing prosperity would turn their society into a liberal democracy, given time. Newly democratic Russia was also headed beyond history: it was planning an underwater gas pipeline to Germany, the home of Wandel durch Handel (change through trade). Even the head of its security service at the time of Kosovo, one Vladimir Putin, would denounce communism as “a blind alley".

Inner Mastery, Outer Impact: How Your Five Core Energies Hold The Key To Success. Wadhwa was recently in India to finalise a partnership with Mumbai-based Shilputsi Consultants to bring his work into the country. He spoke to Mint about his research and approach. Edited excerpts: There are five ways in which I have sought to advance the discipline of leadership to challenge the current models, to respond to the challenges that today’s leaders face. Traditional models have had a western, behavioural and outer kind of focus.

₹150 crore this year to overhaul 25 outlets, enhancing customer experience and transforming showrooms into luxury lounges for clients to make car purchases leisurely. This is no surprise. The German luxury carmaker derives a significant chunk of its revenue and a quarter of its sales volumes from its most expensive cars, all with a price tag in upwards of ₹1 crore.

Eli Lilly blew past second-quarter expectations with the diabetes treatment Mounjaro and its weight loss counterpart Zepbound funneling more than $4 billion in sales to the drugmaker