Record News

(Reuters) — Commonwealth Bank of Australia (OTC:CMWAY) on Wednesday said it has partnered with Tesla (NASDAQ:TSLA) to allow the automaker's customers to avail financing for electric vehicle (EV) purchases.

Asus has announced plans to relocate key component suppliers from its primary manufacturing hub in China to India. The company is collaborating with contract manufacturer Flex to establish a new factory in Chennai, capitalizing on the government's revamped Rs 17,000-crore production-linked incentive (PLI) scheme for IT hardware. With a market valuation of $15 billion, Asus aims to aggressively expand its production operations in India, relying on the government's PLI scheme.

Economic Times. As per the report, this comes as a result of various factors including rising aspirations for a foreign education and career, an increase in applicants from Tier 2 and Tier 3 cities.

London | Crispin Odey urged a woman he groped at the headquarters of his hedge fund to downplay the incident to the financial watchdog while it considered whether he should retain his regulatory approval as a “fit and proper person”.

Investing.com-- Most Asian currencies moved little on Wednesday, while the dollar steadied near six-month highs as markets hunkered down before an interest rate decision from the Federal Reserve due later in the day.

Investing.com-- Gold prices fell slightly on Wednesday as traders kept clear of big bets before an interest rate decision from the Federal Reserve later in the day, with a recent rise in inflation brewing concerns over a potentially hawkish outcome.

HDFC Bank, Reliance Industries, and Infosys. The BSE Sensex was trading 573 points or 0.85% lower at 67,023. Nifty50 was trading at 20,004, down 130 points or 0.64% at around 9.16 a.m. From the Sensex pack, HDFC Bank, Tech Mahindra, Tata Steel, Bharti Airtel, and Infosys opened with losses, while ICICI Bank, Power Grid, L&T, IndusInd Bank, Axis Bank opened with gains. HDFC Bank opened nearly 3% lower after the bank on Monday said its gross non-performing assets will likely increase as of July 1, after its merger with HDFC. Shares of Bharat Dynamics opened 3% higher after the company signed a contract worth Rs 291 crore with IAF. Sector-wise, Nifty Financial Services declined 0.87% and Nifty Bank fell 0.68%.

rupee which was at risk of slipping to a record low, four traders told Reuters. The rupee was at 83.2425 to the U.S.

multibaggers in a year, Nifty PSU Bank is now on the verge of a 13-year breakout that can take the index to fresh all-time peaks. As compared to Monday's closing level of 5,217, Nifty PSU Bank is just 3% away from the closing peak of 5,375.8 touched in November 2010. The recent rally in the barometer has pushed the 14-day RSI above 70. The index is also trading above all its moving averages. «A pullback seems likely in overly stretched stocks like PNB, Bank of India, IOB and Central Bank while Canara Bank, Bank of Baroda, Union Bank and Indian Bank are poised to attract buying interest,» Anand James of Geojit Financial said. In the last one year, 8 government-owned banks have more than doubled investor wealth.

US Federal Reserve later in the day. The US dollar index, which measures the greenback against a basket of rivals, stayed mostly flat at 105.13, Reuters reported. On Monday, the rupee depreciated 8 paise to end at a record closing low of 83.27 a dollar.

Investing.com-- The People’s Bank of China held its benchmark loan prime rates at record lows on Wednesday, as it moved to strike a balance between supporting an economic recovery and stemming further weakness in the yuan. 

Investing.com-- Most Asian stocks fell on Wednesday with markets remaining broadly risk-off before a closely-watched interest rate decision from the Federal Reserve later in the day, while weak economic readings from Japan also weighed.

KMD Brands, which owns the Kathmandu outdoor clothing brand and surfwear business Rip Curl, says overall sales slipped by 6.4 per cent in August as households cut back on spending and warm weather reduced demand for puffer jackets.

record highs on Monday amid cautiousness in global markets. Investors will keep a close eye on US Fed Reserve policy, due later in the evening. «Market is showing strength and is sustaining above 20k levels. Overall, we expect the market to gradually inch upwards with minor profit booking at intervals,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded lower by 11 points, or 0.05 per cent, at 20,089, signaling that Dalal Street was headed for muted start on Wednesday.

Much as Citadel Securities is lauded for itsgenerosity and itsfine internships, people there do leave. And when they do, the strict covenants in its employment contracts can be challenging, not least because Citadel Securities polices them very aggressively.

Russia is set to “integrate” its CBDC, the digital ruble, into its tax system, with legislation set to roll out before the year’s end.

Investing.com — Sit and wait: That’s what the gold trading community seems to have decided ahead of Wednesday’s monetary policy update from the Federal Reserve and other central bank rate decisions due this week.

Stablecoin issuer Circle has announced the official launch of USDC, the second largest stablecoin by market cap, in the Polkadot Asset Hub parachain. 

A former Marine at the center of a Jan. 6, 2021, conspiracy theory has been charged with a misdemeanor in connection with the U.S. Capitol riot and is expected to plead guilty

Capital continued to flow out of crypto-backed investment funds last week, with total outflows for the past nine weeks now nearing $500 million.

foreign degree and career, spike in candidates from Tier 2/3 cities, and foreign institutes stepping up focus on the country with enhanced financial aid/scholarships, leading study abroad consultants told ET. The record Indian surge comes amid a decline in student applicants from China. For study abroad platform Leverage Edu too, the fall intake has been the largest ever.