Record News

By Steve Scherer and David Ljunggren

The EUR/USD faces a key test in the next week and a half. We will have lots of key data and rate decisions from both the Federal Reserve and European Central Bank to come during this period. Ahead of these big events, the EUR/USD was down for the second consecutive week, eating into the impressive gains made last month. But will it bottom around the 1.0700-1.0750 key support area?

NEW DELHI : The National Financial Reporting Authority (NFRA) has debarred two partners of a Mumbai-based firm for alleged professional misconduct in auditing Devan Housing Finance Corp. Ltd’s FY18 accounts, as part of the watchdog’s efforts to improve audit quality. The regulator debarred a partner at Chaturvedi & Shah LLP for 10 years, and another for five years.

Mumbai, Maharashtra India – Business Wire IndiaRural-fintech Navadhan, today announced that it has raised 40 Cr (USD 5M) in its Pre-Series A round led by Prime Venture Partners. Existing investors, Varanium NexGen Fintech Fund and Gemba Capital also participated in the round.

₹30.3 in November, non-veg thali cost went up 5% month-on-month to ₹61.2. There has been a 9% on year rise in the cost of veg thali, which is driven by a 93% and 15% increase in onion and tomato prices, respectively. Prices of pulses also shot up 21% year-on-year.

trade deficit widened more than expected in October as exports declined, likely positioning trade to be a drag on economic growth in the fourth quarter. The trade deficit increased 5.1% to $64.3 billion, the Commerce Department's Census Bureau said on Wednesday. Data for September was revised to show the trade gap rising to $61.2 billion instead of $61.5 billion as previously reported. Economists polled by Reuters had forecast the trade deficit increasing to $64.2 billion in October. Exports of goods and services fell 1.0% to $258.8 billion. Goods exports decreased 1.8% to $173.5 billion.

Bengaluru Police have registered an FIR after obscene images interrupted the live streaming of the Karnataka High Court proceedings at a court hall on Monday. The CEN Police (cyber, economic & narcotic offences) registered the FIR under sections 67 & 67(A) of the Information Technology Act, 2000 on a complaint from the High Court administration. While Section 67 deals with punishment for publishing or transmitting obscene material in electronic form, Section 67A prescribes punishment for publishing or transmitting material containing sexually explicit acts, etc.

Adani Ports will meet on December 12 to consider a fundraising proposal through the issuance of non-convertible debentures and non-cumulative redeemable preference shares. «A meeting of the Board of the company will be held on December 12 to consider the proposal for issuance of non-convertible debentures and issuance/renewal of non-cumulative redeemable preference shares, on private placement basis/ preferential basis,» the company said in a filing. The fundraising will be done in one or more tranches. Shares of Adani Ports rallied over 23% in the last five days after the group received a shot in the arm on a Bloomberg report that quoted unnamed officials in the US International Development Finance Corporation (DFC) as saying that the allegations by Hindenburg Research were not relevant. The US agency had recently announced funding of $553 million for the Group's port business in Sri Lanka. In November, Adani Ports recorded strong cargo volumes of around 36 MMT, a robust 42% year-on-year increase. Growth was witnessed across all three broad cargo categories – dry bulk (over 60% YoY), containers (over 26%) and liquids and gas (over 23%). In the eight months of FY24 (April-November 2023), the company handled around 275 MMT of cargo, showing a healthy 21% YoY growth.

Mehul Choksi and his wife, the Supreme Court has restored a cheating case lodged by the Gujarat Police, while setting aside a 2017 order of the state high court quashing the FIR against them. Mehul Choksi, along with his nephew Nirav Modi, is also an accused in the Punjab National Bank (PNB) scam case in which they allegedly defrauded the bank of over Rs 14,000 crore.

Credit card debt ballooned to a new record in the third quarter as a higher cost of living squeezes Canadians and causes more people to miss loan payments, including their mortgages.

NEW DELHI : By several accounts, Indians were set to splurge this festive season. And they did–shopping online and on cars and two-wheelers, but for many traditional retailers and consumer goods makers, the season was merely satisfactory. As the lights dimmed on the mega sales period that began in October and stretched on until Diwali in mid-November, a pattern’s emerging on how Indians shopped–making for an interesting narrative on the country’s growth and consumption patterns.

Hassie Harrison and Ryan Bingham have ignited rumors that they are married, less than a year after announcing their relationship. With a wedding band prominently displayed, Ryan shared an Instagram video over the weekend to promote his bourbon and upcoming show. Fans were inconsolable, with one asking, «Is that a wedding ring?! How did I miss this?» The rest of the comments under the star's post expressed the same sentiment. George Ryan Bingham is a multi-genre singer, songwriter, and guitarist from the United States.

FreedomWorks senior economist Steve Moore provides insight on the state of the economy on 'Making Money.'

Investors are betting that Europe will lead the world’s largest central banks on interest-rate cuts after one of the region’s most hawkish policymakers described a slowdown in inflation as “encouraging.”

Indian equity indices continued their rally for the seventh straight session to hit fresh record highs on Wednesday. The rally was driven by gains in Reliance Industries, ITC and L&T amid persistent foreign fund inflows. Foreign institutional investors (FIIs) on Wednesday sold stocks of Indian companies worth ₹11,916.30 crore and bought stocks for ₹11,836.42 crore, resulting in an outflow of ₹79.88 crore, according to NSE data.

₹1.29 trillion for FY24. In the first batch of supplementary demand for grants, the government sought approval to spend a net ₹583.78 billion in the current fiscal, which involves a cash outgo.

JSW Infrastructure Share Price Today: Shares of JSW Infrastructure were locked at 8 per cent upper circuit at ₹245 apiece on the BSE, hitting its 52-week high mark on Wednesday, December 6. Domestic brokerage firm JM Financials has reiterated its ‘buy’ rating for the stock and raised the target price by 2 per cent over the recent uptrend in share price. At a current market price (CMP) of ₹238, JM Financials has given a revised target price of ₹255 for JSW Infrastructure, which is 2 per cent higher than the previous target of ₹250 given in March 2023 and sees a potential upside of 12.3 per cent on the stock.

By Amanda Cooper

Investing.com — The U.S. dollar edged lower in early European trade Wednesday, but remained near a two-week high, ahead of key employment data, while the euro headed lower after weak German factory orders.

India’s personal computer market is projected to close 2023 as one of its dullest years, with shipments of 12-13 million units as against 14.8 million each in 2022 and 2021, according to estimates from International Data Corporation (IDC). Shipments of PCs including laptops were lower at 10.3 million units in 2020, when sales were disrupted by the pandemic.

Bajaj Auto has witnessed a remarkable 70% rally in its share price this year so far, marking the best yearly performance since 2009. This stellar performance can be attributed to a surge in domestic sales, sequential improvement in exports, strong growth in the 125cc+ bike segment, a significant rise in Triumph sales, and strong financial performance. On November 28, the stock achieved a significant milestone by surpassing the ₹6,000 mark and has since maintained its upward trajectory, reaching an all-time high of ₹6,217 apiece during Monday's trade.