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Wells Fargo on Friday surpassed Wall Street expectations in third-quarter earnings and revenue as the benefit from higher interest rates offset slowing lending activity.

fake expenditure, ET has reported based on information from a source in the I-T Department. The department is sending tax demand notices to these companies. It all began when the Goods & Services Tax (GST) authorities informed the Insurance Regulatory and Development Authority of India (IRDAI) last year about alleged malpractices by more than a dozen insurance companies in the allocation of commission to their agents.

JPMorgan Chase & Co. posted another quarter of record net interest income and boosted its forecast for the year as the company benefits from higher interest rates and its purchase of First Republic Bank. 

Jewish schools in London have informed parents that they will remain closed on Friday due to security fears amid the conflict in Israel after British Prime Minister Rishi Sunak unveiled additional funding support targeted at enhanced protection for the country's Jewish communities against antisemitic attacks. Menorah High School, Torah Vodaas Primary School and Ateres Beis Yaakov, all in the Barnet area of north London, sent letters to parents on Thursday and a fourth school is also believed to remain closed as they fear anti-Israel protests around the premises. The letter from Rabbi Feldman of Torah Vodaas said that while there was «no specific threat to our school» it was «not a decision that has been taken lightly».

JD fell as much as 13% to a record low on Friday after several banks and brokers cut price targets and revenue growth forecasts for the firm, citing a weaker-than-expected recovery in consumer spending. The brokerages and banks including Citi, Daiwa and Jefferies, which issued notes to clients on Thursday and Friday with the revised estimates.

Mukesh Ambani owns one of the world’s most expensive private jets and even gifted his wife an Airbus A319 for her birthday. Gautam Adani has three private jets, housed in a $50 million hangar. Neither of them owns an airline, though.

Oil rose sharply Friday on fears that the fighting between Israel and Hamas could destabilize the Middle East and crimp global supply as Iran said a new front to the conflict was possible.

All year, Wall Street pros have been sinking record sums of cash into the world’s largest Treasury ETF in a high-conviction bet that interest rates have peaked. All year they’ve been wrong, with an estimated $10 billion loss — yet that’s not stopping a cohort of dip buyers braving the worst market drawdown in decades.

palm oil imports in September fell 26% from the previous month to 834,797 metric tons, the lowest in three months, as higher inventories prompted refiners to curtail purchases, a trade body said on Friday. Lower purchases by the world's biggest importer of vegetable oils could lead to higher stocks of palm oil in key producers Indonesia and Malaysia, weighing on benchmark futures. Imports of soyoil edged 0.1% higher to 358,557 tons and those of sunflower oil were down about 17.8% at 300,732 tons, the Mumbai-based Solvent Extractors' Association of India (SEA) said in a statement. Vegetable oil imports fell about 17% to 1.55 million tons from last month's record purchases of 1.87 million tons, it added. «India imported more than necessary during July and August, but retail demand in the country is weak. Refiners are now struggling to sell imported oil,» said a Mumbai-based edible oil trader. In recent months, India has emerged as a primary destination for surplus oil supplies due to its lower import duty of 5.5% on crude palm oil, crude soybean oil, and crude sunflower oil, said B.V.

stalker in Lado Sarai, South Delhi on Thursday morning. As per a TOI report, the suspect, identified as Gaurav Pal, was apprehended by the cab driver and locals before being handed over to the police. He has been charged with attempted murder and will appear in court on Friday.

Securities Exchange Board of India (Sebi) released a set of KYC (Know Your Customer) rules for investors via a master circular released on Thursday. It is a compilation of a number of directions issued by the regulator till Sep 30 and includes modifications to align these circulars with the Prevention of Money Laundering (maintenance of records) Rules 2005. And any modification in the existing KYC records will be affected in line with the provisions of this circular by Dec 31, 2023.

Multibagger stock: Mufin Green Finance shares are one of the multibagger stocks that Indian stock market has produced in recent years. This multibagger NBFC stock has surged from around ₹39 to ₹87.10 apiece levels in year-to-date (YTD) time, delivering to the tune of 125 per cent return to its positional investors. However, it seems that the stock still has some steak left in it.

₹378 crore for the second quarter of FY24, registering a growth of 15% from ₹329 crore in the same quarter last fiscal. The company’s net premium income in Q2FY24 increased 13% to ₹14,797 crore from ₹13,138 crore in the year-ago period. The first-year premium registered a growth of 6% at ₹2,566 crore as compared to ₹2,423 crore, YoY.

Tata Motors jumped over 4 percent to their record high on Friday after the company's arm Jaguar Land Rover (JLR) India reported its highest-ever performance in the first half of financial year 2023-24 (FY24). The company posted an over 97 percent year-on-year (YoY) jump in its total sales for April-September at 2,356 units from around 1,194 units in the same period last year. The stock rose as much as 4.4 percent to its all-time high of ₹665.50.

stock market, several midcap stocks achieved significant milestones by reaching new 52-week highs on October 13, reflecting positive market sentiment and the growth potential of these companies. These notable performances offer investors a diverse range of opportunities in the midcap segment. The data was sourced from StockEdge at 1:30 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

Delhi's Rouse Avenue Court on Friday sent AAP Rajya Sabha MP Sanjay Singh to 14-day judicial custody till October 27, 2023. The court had on October 10 had extended the Enforcement Directorate's (ED's) remand by a further three days till October 13. He was later produced in court after five days of ED custody in the Delhi Excise policy money laundering case. The ED's counsel earlier submitted that a bribe was demanded to clear the liquor licences.

Chinese e-commerce giant JD.com fell as much as 13% to a record low on Friday after several banks and brokers cut price targets and revenue growth forecasts for the firm, citing a weaker-than-expected recovery in consumer spending. The brokerages and banks including Citi, Daiwa and Jefferies, which issued notes to clients on Thursday and Friday with the revised estimates. JD.com, which is listed in Hong Kong and the United States, is expected to report quarterly financial data in mid-November following China's main online shopping festival, Singles' Day. Shares in JD.com, which is also China's largest home appliance retailer, closed at their lowest level since their June 2020 debut. A debt crisis in the key property sector has contributed to slowing China's economic growth after the pandemic, while many Chinese have cut back on spending due to concerns over the economy and job security, hurting the retail sector. In March, JD.com warned it would take time to rebuild consumer confidence post-pandemic as it missed fourth-quarter revenue forecasts. Citi Research lowered its revenue assumption for JD.com by 3.4% and 4.3% for the third and fourth quarter, saying that it now estimates 0.8% and 1.3% growth respectively. The bank's analysts cited a «relatively muted consumption trend, high base, intense competition, and on-going impact from restructuring adjustment» for the change in estimates. Nomura said JD.com had yet to see any meaningful improvement in retail since the third quarter, adding that the company had also missed on any positives from the stimulus policies China has rolled out since September to rescue the property market. JD.com said it had no comment on the analyst revisions and its share price

The acting Social Security commissioner says a 3_2% increase in benefits next year “will help millions of people keep up with expenses."

Anand Rathi, Founder & Chairman, Anand Rathi Group and Rakesh Rawal, CEO, Anand Rathi Wealth in conversation with ET Now. Rathi says “the inflow in our equity mutual fund has increased. Now the equity mutual fund accounts for 50% of our AUM compared to 48% a year back. Even when the markets had outflow in mutual funds, we had positive inflows. We are expecting continuous inflow into mutual funds. ” You have managed to achieve your FY24 AUM guidance of Rs 47,000 crore in the first half itself. What are the underlying factors and what is the new target you are eyeing now? Rakesh Rawal: AUM is a combination of the new monies that we get, as well as the increase in the fund value on account of the market. In the first six months, the market was very positive which led to the numbers being achieved earlier. We have done exceptionally well in terms of gathering fresh funds as well. Having achieved this, obviously in the next six months, we expect to do more. And therefore our revised guidance for the end of the year is now Rs 51,000 crore. Mr Rathi, you have also managed to achieve over 50% of your revenue and profitability target. Would you be looking to revise this? Anand Rathi: Yes, we will. In fact, the last time we gave a profitability target of Rs 205 crore for the whole year. As you rightly said, we achieved more than 50%. And therefore, we are revising our target to Rs 220 crore for the whole year, increasing by Rs 15 crore profit PAT for the year.

Ahmedabad has created a gold World Cup trophy weighing an astonishingly delicate 0.9 grams. This minuscule masterpiece is a testament to his skill and dedication to the art of jewellery making. Rauf Sheikh's journey to creating these miniature gold trophies is nothing short of remarkable.

HUF then continues with my 4 family members. Post the partial partition my brother and his family will have no claim in the HUF. Later at any given time, I can fully partition the HUF amongst my family after taking the ITO assessing officer’s concurrence.