Usa Financial News

Kotak Mahindra Bank after the Reserve Bank of India barred the lender from taking on new clients digitally. The BSE Sensex was trading 187 points or 0.25% lower at 73,668. Nifty50 was trading at 22,345, down 57 points or 0.26% at around 9.19 am.

controversial speech of Prime Minister Narendra Modi targeting Muslims in the country, an e-mail campaign has been started by a few non-resident Gujaratis who are writing to the Election Commission of India seeking action against him. At an election rally in Rajasthan, Modi had alleged that if voted to power, the Congress will redistribute the wealth of the country and give it to the Muslims, drawing criticism both from India’s opposition parties and global media. Speaking to ET from New York, Dakshesh Patel, who is settled in the US, said that a campaign has been launched in this regard and they expect to get at least one lakh emails sent to the EC from all over the globe.

Anne Heche said his mother’s estate is unable to pay its outstanding debts, totalling more than US$6 million (over C$8.2 million).According to new court documents obtained by People magazine, Heche’s 22-year-old son Homer Laffoon said the estate is insolvent and “not yet in a condition to be closed.”Heche, who was 53, died in Los Angeles, Calif. after she crashed her car into a residential home in August 2022.

Oil prices eased in early trade on Thursday as concerns about a potential slowdown in the U.S. economy amid prospects for delayed interest rate cuts outweighed worries over the risk of expanding conflict in the Middle East. Brent crude futures dipped 9 cents, or 0.1%, to $86.95 a barrel at 0024 GMT, and U.S. West Texas Intermediate crude futures slipped 7 cents, or 0.1%, to $82.74 a barrel. Both benchmarks lost less than 1% on Wednesday.

Gold prices were stuck in a tight range on Thursday as investors looked to U.S. economic data for further clarity on the Federal Reserve's interest rate path.

long-range missiles to Ukraine for use in its battle to fight off Russian invaders, and Ukraine has now used them twice, a US official said on Wednesday. The missiles were contained in a $300 million military aid package for Ukraine that US President Joe Biden approved on March 12, said the US official, speaking on condition of anonymity. The official would not say how many of the missiles were sent. White House national security adviser Jake Sullivan, at a briefing for reporters, confirmed that a «significant number» of the missiles had been sent to Ukraine and said «we will send more.»

The XRP (XRP) Price has been falling back over the past two sessions, despite daily trading volumes surging above $1 billion for a third successive session.

American credit ratings firm S&P Global said that a change in rules under the Lummis-Gillibrand Payment Stablecoin Act could see U.S. stablecoin adoption soar as the regulatory framework could bolster confidence.

Australia achieved a new milestone by becoming the third-largest host for Bitcoin ATMs, joining the United States and Canada as the countries with over 1,000 active crypto-fiat machines, according to April 24 data from Coin ATM Radar.

Biden administration on Wednesday issued new rules that require airlines to provide automatic cash refunds to passengers when owed and protect consumers from costly surprise fees. «Too often, airlines drag their feet on refunds or rip folks off with junk fees. It is time Americans got a better deal. Today, my administration is requiring that airlines provide automatic refunds to passengers when they are owed and protect them from surprise fees,» Biden said in a video statement. «This is about airlines treating passengers better and it will save people more than half-a-billion dollars, avoiding unwanted, expensive, unnecessary surprise airline fees,» said Transportation Secretary Pete Buttigieg.

Sensex gained 114.49 points, or 0.16%, to close at 73,852.94, while the Nifty 50 settled 34.40 points, or 0.15%, higher at 22,402.40. “We expect this bullish momentum to continue in the markets. Further, a sharp decline in India’s VIX amid the start of elections indicates lower market volatility in the near term.

Arizona fake elector scheme to re-elect then-U.S. President Donald Trump in 2020, the state's attorney general said on Wednesday. The court papers list a «former U.S. president,» Trump, as an unindicted co-conspirator.

Domestic markets continued their winning run for the fourth day in a row on Wednesday, driven by strong global cues. «Despite the bulls maintaining their upward trajectory for the fourth consecutive session, there's a noticeable lack of momentum,» said Rajesh Bhosale, Technical Analyst, Angel One.

Temasek and US’ Fidelity are in advanced discussions to invest around $200 million in Lenskart through a secondary share sale at a valuation of about $5 billion, three people aware of the matter said. To put this in perspective, the round would take the homegrown eyewear company’s valuation to over three times that of Warby Parker, a New York-based online retailer for spectacles and contact lens. Warby Parker listed on the NYSE late in 2022 and has a market capitalisation of around $1.55 billion.

Russian funds tap into the stranded rupee balance generated in the trade between the two countries? In the course of negotiations, some of the Russian financial institutions have sounded out the Reserve Bank of India (RBI) on a mechanism that would let them use the rupees lying in special accounts in India for investment in stocks and securities here. Till now, 10 institutions from Russia, including its biggest lender, have registered as foreign portfolio investors (FPIs) with Sebi. But they have made little investments — probably, due to the hurdles in cross-border payments caused by US sanctions in the wake of Russia’s war with Ukraine. If, however, RBI permits the flow of rupees from the trade balance pool to the rupee accounts of Russian FPIs, the latter can invest the amount in securities listed on Indian exchanges. Under the framework suggested, the FPIs could match a transfer of rupees from the pool by paying the equivalent in roubles to Russian companies that have exported to India but are reluctant to accept payments in rupees.

Future Proof, the business-to-business events organizer that broke the mold with its monster gatherings over the past two years, has unveiled plans for its largest and most expansive conference yet.

The Rookie has entered its sixth season with six if its episodes having been released till now while fans await eagerly, the release of its seventh episode. According to Dexerto, the release is going to happen very soon and will continue an LAPD team's journey across the world of crime. Created by Alexi Hawley, this procedural crime drama TV series saw itself becoming a full-fledged franchise when it premiered for the opening season back in 2018, showing the journey of the oldest rookie in the Los Angeles Police Department (LAPD) of the United States. Most importantly, at the start of the first series, it was made clear that The Rookie follows the real-life journey of a rookie cop by the name of William Norcross who joins the LAPD at a ripe-age and as a rookie.

Known as the Chronic Wasting Disease, this fatal disease affects animals like deer, moose, elk and reindeer, and is highly contagious causing starvation and even death.

Premier League and FA Cup is ensuing as the formidable Manchester City is currently riding on a two-win streak from the FA Cup. They will be going in as clear favorites in the clash where Brighton host Man City during a rare EPL match. Meanwhile, according to a DAZN report, Man City boss Guardiola has already declared this Thursday clash as one of the most challenging games of the season. In the English Premier League standing, Man City, who had previously been at the top of the charts, have dropped two ranks to the the third position as Arsenal and Liverpool have claimed the top two spots at the table. The reason of the fall in rankings can be related to the fact the Gunners have not played a Premier League clash in the past weekend. Hopefully, they will be able to gain some footing when the clash against Brighton on Thursday.

A Russian court sided with state-run lender VTB Bank in its efforts to recoup $439.5 million from JPMorgan Chase that the American lender froze in U.S. accounts after the Ukraine invasion.

U.S. stocks drifted to a mixed finish