Usa Financial News

₹12,146 crore worth of Indian equities and offloaded a total of ₹6,55 crore as of October 20, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data. The ₹12,146 crore-figure also includes bulk deals and investment in primary market.

Max Verstappen failed to take pole position despite dominating the sport, he is excited for Sunday's Austin GP. He had a rare, unfortunate qualifying session at the 2023 F1 US GP and finished sixth. Charles Leclerc of Ferrari clinched the pole position. But, the Dutch Formula One driver said, «It makes the Sunday a bit more fun.»

Kotak Mahindra Bank on Saturday said the Reserve Bank of India (RBI) has approved the appointment of Ashok Vaswani as the bank's Managing Director and Chief Executive Officer (MD & CEO) for a period of three years. Vaswani, who has worked with Barclays in the recent past, will succeed Uday Kotak who quit as MD of the bank effective September 1. At present, Vaswani is President of Pagaya Technologies Ltd — a US-Israeli AI Fintech.

The Times of Israel reported. Citing senior diplomatic sources, The Times of Israel reported that both governments acknowledge a high probability of a ground invasion by Israel.

UK government has expressed its disagreement with Indian government decisions, which it believes resulted in the departure of Canadian diplomats amid an ongoing standoff between India and Canada over the killing of a Sikh separatist. The move impacted the effective functioning of the Vienna Convention on Diplomatic Relations, a statement from the Foreign, Commonwealth and Development Office (FCDO) said on Friday.

Meta and Google have pulled out of the Web Summit, one of the tech sector's biggest annual events, after the organiser criticized Israel's actions following the Hamas attacks, the companies said on Friday. A spokesman for Meta confirmed to AFP that it would not take part in this year's event.

Apple, the American tech giant, seems to be finally stepping into the foldable device market, a segment it has avoided until now. Speculations about Apple's venture into foldables initially centred around a foldable iPad rather than a foldable iPhone, and recent reports suggest that these speculations might be true.

US Senate panel's Republican lawmakers sent a letter on Friday to tech companies Meta Platforms, Google, TikTok and X, formerly called Twitter, seeking information on their content moderation policies in the Israel-Hamas war, the senators said. The Republican lawmakers of the U.S. Senate Commerce Committee said they asked the companies «to commit to fully preserving a documentary history of Hamas's atrocities.»

electric cars that are anticipated to launch in 2024, including the highly-anticipated all-electric G-Wagon off-roader.

Egypt and Gaza opened on Saturday to let desperately needed aid flow to Palestinians running short of food, medicine and water in the territory that is under an Israeli siege. More than 200 trucks carrying roughly 3,000 tonnes of aid had been positioned near the crossing for days before heading into Gaza. An Associated Press reporter saw the trucks entering.

Biden administration in the United States has proposed changes in the H-1B visa program to streamline eligibility requirements and make it more efficient and flexible. The changes have been proposed by the US Department of Homeland Security, which stated that the changes will also lead to a reduction in cases of misuse and fraud. «The US Department of Homeland Security (DHS), through US Citizenship and Immigration Services (USCIS), published a Notice of Proposed Rulemaking (NPRM) that would modernize the H-1B speciality occupation worker program by streamlining eligibility requirements, improving program efficiency, providing greater benefits and flexibilities for employers and workers, and strengthening integrity measures,» the department said in a statement. The US Secretary of Homeland Security, Alejandro N Mayorkas said that the priority of the Biden administration is to attract global talent and reduce undue burdens on employers. «DHS continues to develop and implement regulations that increase efficiency and improve processes for employers and workers navigating the immigration system,» the Secretary of Homeland Security, Alejandro N Mayorkas said. He added, «The Biden-Harris Administration's priority is to attract global talent, reduce undue burdens on employers, and prevent fraud and abuse in the immigration system.» According to the department, the proposed changes would streamline eligibility requirements.

«It is just that we have a strong domestic investor sentiment and about $2 billion per month is the incremental SIP which I think to an extent is ensuring that markets are not really crashing,» says Sudip Bandyopadhyay, Inditrade Capital. Just wanted to understand from you that from the earnings, which sector that you are looking out for because for the upcoming week, we will be having major banks as well as pharma majors will be reporting their numbers like Dr Reddy’s as well as Cipla and I wanted your take specifically on pharma because that particular index did show some resilience in the week gone by and last quarter itself we actually sort of see a bit of a re-rating for these names because the US markets were supportive. There were positive cues coming in as well as the domestic market did flare well. So, this time as well, are you expecting a similar kind of a result announcement from these pharma majors and will you be a buyer of pharma at this point in time? Well, I think we have to understand that we are in the midst of a global turmoil. As Rajesh also mentioned, that geopolitical stress and tension is creating risk aversion worldwide. On top of it to an extent because of geopolitical stress, the oil prices have moved up, which is definitely not good for Indian capital markets and we have US yields which are at record highs.

Narendra Modi had a phone conversation with Palestinian President Mahmoud Abbas and condoled the death of civilians at the Al Ahli Hospital in Gaza City. PM Modi reiterated India’s “long-standing principled position on the Israel-Palestine issue". Also read: Israel-Hamas War: US issues 'security alert' for citizens in Gaza ahead of Rafah border crossing opening Besides, the Ministry of External Affairs stated that the international community must combat terrorism in all its forms and manifestations.

NDTV reported. "It is quite possible that Hezbollah which is much more militarily capable and supported by Iran could get directly involved in the fighting," he told NDTV. Also Read: Israel-Hamas War LIVE Updates Bremmer said that the ongoing conflict between Israel and Gaza is at risk of further deterioration as additional fronts open up.

Gold rate today: On account of rising tension in the Middle East region on Israel-Hamas war, US Fed's hint for a possible rate pause in upcoming US Fed meeting in November 2023 and slide in US dollar aided gold price to continue its rally and climb to around four month high on Multi Commodity Exchange (MCX). MCX gold rate logged weekly gain of 2.15 per cent and ended at ₹60,725 per 10 gm levels.

Pakistan's ballistic missile program. A U.S. State Department statement identified the firms as General Technology Limited, Beijing Luo Luo Technology Development Co Ltd, and Changzhou Utek Composite Company Ltd. It said General Technology had worked to supply brazing materials used to join components in ballistic missile rocket engines and in the production of combustion chambers; Beijing Luo Luo had worked to supply mandrels and other machinery, which can be used in the production of solid-propellant rocket motors, the U.S.

Wipro have reported subdued earnings for the July-September quarter (Q2) due to the impact of ongoing macroeconomic uncertainties, which have resulted in reduced discretionary spending in critical markets. The near-future prospects also seem unfavourable, as the US Federal Reserve is committed to reducing inflation to its 2 per cent target. To achieve this, the central bank is expected to maintain high-interest rates for an extended duration and may even implement further rate hikes, which could place additional pressure on the economy.

gold has always been fascinating. Its value is not merely measured in carats or purity but in its ability to provide a haven of stability in turbulent economic waters. Gold can act as a smart signal to understand if the economy is going well.

war against the barbaric Hamas, while trying to reach out to moderate Palestinians. Biden, I know, tried really hard to get Israeli leaders to pause in their rage and think three steps ahead — not only about how to get into the Gaza Strip to take down Hamas but also about how to get out — and how to do it with the fewest civilian casualties possible. While the president expressed deep understanding of Israel's moral and strategic dilemma, he pleaded with Israeli military and political leaders to learn from America's rush to war after 9/11, which took our troops deep into the dead ends and dark alleys of unfamiliar cities and towns in Iraq and Afghanistan. However, from everything I have gleaned from senior U.S. officials, Biden failed to get Israel to hold back and think through all the implications of an invasion of Gaza for Israel and the United States. So let me put this in as stark and clear language as I can, because the hour is late: I believe that if Israel rushes headlong into Gaza now to destroy Hamas — and does so without expressing a clear commitment to seek a two-state solution with the Palestinian Authority and end Jewish settlements deep in the West Bank — it will be making a grave mistake that will be devastating for Israeli interests and American interests. It could trigger a global conflagration and explode the entire pro-American alliance structure that the United States has built in the region since Henry Kissinger engineered the end of the Yom Kippur War in 1973.

Israel pounded the densely-populated territory where millions waited for promised aid deliveries on Saturday. The Islamist group took more than 200 people hostage when it stormed into Israel from the Gaza Strip on October 7, and killed at least 1,400 people, mostly civilians who were shot, mutilated or burnt to death on the first day of the raid, according to Israeli officials. The fate of the hostages has been shrouded in uncertainty, so the release of mother and daughter Judith and Natalie Raanan offered a rare «sliver of hope», said Mirjana Spoljaric, president of the International Committee of the Red Cross. US President Joe Biden said he was «overjoyed» by the release, which comes days after he visited Israel to express solidarity with the wounded country and press for humanitarian aid into Gaza. Trucks carrying relief are still stuck on the Egyptian side of the Rafah border crossing into Gaza, though Biden said they could cross in the «next 24 to 48 hours.» Israel has vowed to destroy Hamas, and says around 1,500 of the group's fighters were killed in clashes before its army regained control of the area under attack on October 7. Biden said Friday he believes the attack was motivated partly by Saudi Arabia's plan to recognise Israel. Israel's military campaign has levelled entire city blocks in Gaza, killing 4,137 Palestinians, mostly civilians, according to the Hamas-run health ministry. Israeli troops are massed on the border with Gaza ahead of an expected ground invasion that officials have pledged will begin «soon». But a full-blown land offensive carries many risks, including to the hostages from Israel and around the world held by Hamas.

United Auto Workers President Shawn Fain said Friday that while Detroit’s automakers have increased their wage and benefit offers, he believes the union can gain more if it holds out longer in its contract talks