Beyond Financial News

witnessing a five-fold spike in time spent on Budget day compared to regular days. Top queries included insights into the government's aspirations, macroeconomic factors influencing market trends, the impact of schemes like Saksham Anganwadi and Poshan 2.0, and distinctions between the Interim Budget 2024 and the Union Budget 2023. Beyond Budget-centric topics, the newly launched chatbot also delves into a wide array of subjects, including the economy, markets, companies, and personal finance, experiencing a consistent uptick in daily user engagement.

Investing.com — The U.S. dollar traded marginally higher in early European trade Wednesday, as traders awaited the release of the minutes from the latest Federal Reserve meeting for further clues of the path of U.S. interest rates.

Ameen Sayani, renowned radio presenter and voice of Geetmala, passes away at 91 Sayani's journey began in a Gujarati household, far from the world of Hindi radio. However, destiny intervened, leading him to his first Hindi commercial in 1951. This chance encounter ignited a passion that would span over six decades and countless programmes.

Bitcoin price holds above $52,000, marking nearly a 1% rise on Wednesday, sets the stage for a notable journey ahead. This surge comes on the heels of the U.S.’s nod to Bitcoin ETFs by financial behemoths Fidelity and BlackRock, propelling Bitcoin’s market valuation back to the $1 trillion mark.

Investing.com-- Gold prices rose in Asian trade on Wednesday, extending a recent rebound as the dollar retreated in anticipation of more cues on U.S. interest rates, most notably from the minutes of the Federal Reserve’s late-January meeting. 

Gold loan is also a preferred option for those who may not have a strong credit history or steady income. Unlike other forms of credit, eligibility for a gold loan is primarily based on the value of the gold provided as collateral, making it more accessible to a wider range of individuals. The benefits of opting for a Bajaj Finserv Gold Loan extend beyond just its 15-minute* approvals.

Investing.com-- Most Asian currencies rose on Wednesday, seeing some relief as the dollar retreated in anticipation of more cues from the Federal Reserve on the path of interest rates. 

Karnataka Assembly on Tuesday passed a bill to slash the penalty on property taxes in Bengaluru city limits by 50 percent. The bill is titled Bruhat Bengaluru Mahanagara Palike (BBMP) Amendment Bill 2024. Deputy Chief Minister D K Shivakumar, who holds the Bengaluru development portfolio, tabled the bill in the Legislative Assembly. «With the passing of this Amendment Bill, the penalty amount is halved, saving Bengalureans a whopping Rs 2,700 crores. The BBMP will be able to collect penalties worth Rs 1000 crore,» a statement issued by Shivakumar's office said.

Payment leaders actively investigating blockchain’s potential find business-to-business (B2B) payments to be the most promising application, a Ripple survey published Tuesday showed.

The Trudeau Liberals are set to announce that the federal government will provide low-cost loans in British Columbia to help build rental housing on provincially owned land, according to senior government sources.

green card backlogs. The Bill, if implemented, would have particularly helped Indians on K-1 fiancé/e and K-3 spouse visas, H-4 spouses and children of H1-B visa holders, individuals awaiting employment-based green cards, and those sponsored for family-based green cards waiting outside the US. For H-1B visa holders with approved I-140 petitions, the Bill aimed to simplify the employment authorization process for their spouses. Traditionally, H-4 visa holders undergo a cumbersome process to obtain an employment authorization document (EAD). The proposed Bill sought to eliminate this requirement, allowing H-4 spouses to work 'incident to status,' streamlining the process and removing bureaucratic hurdles.

Vikrant Massey, known for his recent success in the film '12th Fail,' has shed light on his family's diverse religious backgrounds and personal reflections in a candid interview with Unfiltered by Samdish. Massey disclosed that his elder brother, Moeen, made a significant decision to embrace Islam at the age of 17.

Raymond Realty, the realty arm of Raymond Group, announced on February 20 the launch of its first project outside Thane — ‘The Address by GS, Bandra’. This is part of a company plan to expand beyond Thane through joint development agreements in the MMR region. The new project is inspired by the major success of its Thane’s flagship project — ‘The Address by GS’ — which has emerged as Thane's bestseller in premium category and is set to be delivered two years ahead of its timeline, a company filing said.

ET had first reported on Tuesday about the senior-level exits at the e-commerce major. Travel booking website Cleartrip’s head Ayyappan R, marketplace and categories leader Amitesh Jha, fintech and payments head Dheeraj A, and growth and retention head Bharath Ram are exiting the firm, Krishnamurthy confirmed to employees.

Entrepreneurs and companies should comply with the rules and laws, irrespective of their size, scale and growth momentum, minister of state for electronics and technology Rajeev Chandrasekhar said on Monday. “I have seen entrepreneurs beginning to trespass because the momentum of entrepreneurship takes them beyond what the regulators have allowed them to do at that particular point in time… even if you are a hard-charging, successful, innovative entrepreneur, you cannot live in denial of the reality that there are rules and laws that have to be complied with, and that applies to big companies, small companies, startups, legacy,” he said at the Mumbai Tech Week.

Creditors’ recovery from defaulters under the Insolvency and Bankruptcy Code (IBC) dropped to almost 26% of their admitted claims in the December quarter from 33% in the previous three months, showed the latest data compiled by the insolvency regulator. The realisation in the December quarter—Rs 4,281 crore from 79 firms—seems to have been hit by long delays in resolution. About two dozen of these rescued firms saw the resolution processes stretching beyond four years, well beyond the stipulated time frame of 270 days, suggesting erosion of the stressed asset value. The recovery, however, was 74.7% of the fair value of the stressed companies when they were admitted for resolution and 128.6% of the liquidation value of these companies, according to the Insolvency and Bankruptcy Board of India data.

Indian equities that’s made them an investor favorite has run into headwinds that go beyond elevated valuations. Earnings misses, the attractiveness of rival markets amid expectations of a dovish policy shift by the Federal Reserve and a nascent recovery in Chinese equities are casting doubts over India extending a rally that saw the nation’s main gauges posting a record eighth straight year of gains in 2023.

India, February 19: Forget roses and chocolates; this Valentine's Day, Finnup gifted Indian businesses the ultimate love story – a hassle-free loan match! Founded by Rahul and Abhishek Agarwal, Finnup is launching India's first Unsecured Business Loan (UBL) matchmaking platform, promising to be the cupid of debt-raising for all, from tiny startups to large corporations.Love at First Swipe: Gone are the days of lengthy loan applications and endless paperwork. Finnup's platform, built with cutting-edge AI and machine learning, analyses business needs and whisks away to perfect lender match in just 4-5 hours.

University officials and a relativfe say the son of a former YouTube executive died last week at the UC Berkeley campus where he resided

The number of passengers flying through Dubai International Airport has surged in the last year beyond its total for 2019 — just before the coronavirus pandemic grounded global aviation

India Tourism Development Corporation Ltd is looking for new business opportunities besides strengthening its existing verticals as it seeks to carry forward the momentum of record financial performance of last fiscal, according to its Managing Director M R Synrem. The company which offers hospitality, travel and tour, events and engineering related consultancy services, plans to strengthen its offices in Mumbai, Chennai and Kolkata with an aim to develop these as regional hubs for its businesses. «We want not to only expand but whatever we have now to take it a notch further ahead, take it much higher and look at new business opportunities also for ITDC as a company,» Synrem told PTI on the sidelines of the launch of the company's new mascot 'Adyant' and a fresh tagline. On the new business opportunities, he said, «We have won a bid for a new duty free shop at the Vizag (Visakhapatnam) airport. We participated in the competitive bid and we have won it. It is a new thing which is coming up very soon.»