2024 Financial News

By Samuel Indyk

Retik Finance ($RETIK): The powerhouse of Q1 2024 Retik Finance takes centre stage as a force to be reckoned with in Q1 2024, presenting itself as the main contender for maximum profits. The platform's motto, «Empowering Finance, Enabling Freedom,» underscores its commitment to revolutionising the financial landscape through decentralised finance (DeFi) solutions. Presale Momentum and Transition Retik Finance is currently in its 4th stage of presale, offering tokens at a highly attractive $0.060 per RETIK token. The presale has witnessed substantial success, with Retik raising over $4.9 million. As Q1 unfolds, Retik Finance is poised to transition from $0.060 to $0.15 upon listing, providing a significant window of opportunity for investors to capitalise on the upward trajectory.

A new survey from digital asset management firms Bitwise and ETF data provider VettaFi has revealed a notable disparity in expectations among financial advisors regarding the approval of a spot Bitcoin ETF in 2024.

companies are unlikely to have much to cheer about in 2024 if early funding figures are anything to go by. Investments in startups in the first week of 2024 dropped by about 88% from the same period a year ago, totalling $35.8 million across eight deals. In volume terms, deals were down 86% from 59 a year earlier.

GST increase by the Finance Minister, that it has been hit with last year." Singh pointed out that this borderless industry, fueled by innovation, is facing an unlevel playing field for Indian companies, leading to closures, downsizing, and razor-thin profit margins. He highlighted the global scale of the Online Games industry, which is nearly three times the size of the combined worldwide Movie and Music industry.

By Johann M Cherian and Shristi Achar A

The Ethereum price has gained 2% today, rising back to $2,260 as the wider market recovers from a sharp selloff earlier in the week.

OY, PIONEERS! Please tell me you’re not taking the average compact crossover wagon into the boonies. The salesperson might have told you it had all-wheel drive, and it probably does, sort of. But such systems are often surprisingly feeble off road.

Union Budget 2024-25: Four income tax benefits you could expect from Finance Minister Nirmala Sitharaman. Details here The target will be between 5.2% to 5.4% of gross domestic product for the year starting April 1, according to officials with knowledge of the matter, who asked not to be named as the deliberations are private. A final decision will be taken closer to the budget presentation, due Feb.

₹1.5 lakh to taxpayers for investing in various specific instruments and expenses like PPF, life insurance, ELSS, National Savings Certificate, etc. Experts believe there is an urgent need for a different tax exemption category for term insurance. “We have been asking the government to introduce a separate tax deduction limit for life insurance for the last 5 to 6 years but nothing has happened.

Key reasons for analysts maintaining positive outlook- These include reasonable valuations the stock now trades at. Furthermore, the expectations remain high for consumer-oriented businesses as that of telecom and retail that now contribute more than half to Reliance Industries consolidated operating profits. The Capex cycle is behind, and the profitability improvement may be driven further by any tariff hikes in Jio.

If the most important development of 2024 will be the wave of elections sweeping the democratic world, the second-most important story to watch is China’s economy. It boils down to two questions: What is it that has steeled Xi Jinping’s nerve to drive China into this—possibly necessary—economic turmoil, and can he keep his resolve over the next 12 months? The deterioration of the Chinese economy is, perhaps surprisingly for anything involving China, reasonably well understood. The country has never recovered from the twin shocks of a Beijing-induced property-market slowdown and the draconian (and failed) zero-Covid policy of the pandemic era.

₹1,15,001 and ₹1,35,463 respectively (ex-showroom). The company has successfully sold over 1 lakh Chetak electric scooters in over 140 cities. Additionally, Bajaj is providing the TecPac accessory, which customers can conveniently purchase online.

Rahul Gandhi , AICC general secretary (Organisation) K C Venugopal in attendance. The Congress leader met members of the party’s five-member national alliance committee, and hinted at the willingness to contest from lesser number of seats than it did during the 2019 Lok Sabha Elections, Indian Express reported. According to the report, amid much anticipation about seat-sharing by opposition INDIA bloc parties, the Congress has asked members to begin seat-sharing talks with other parties immediately.

2024 edition of CES is scheduled to take place in Las Vegas, Nevada, spanning across venues such as the Las Vegas Convention Center, the Venetian Expo, and the Aria Resort & Casino. The official dates for CES 2024 are from Tuesday, January 9, to Friday, January 12. Additionally, two in-person Media Days, exclusively accessible to press members, are slated for January 7 and 8.

Lok Sabha Election 2024 is due in April-May this year. From new tax regime to changes in rebates, let's take a quick look at six top income tax announcements made by Finance Minister Nirmala Sitharaman while presenting the Union Budget 2023 The rebate limit in the new tax regime has been increased to ₹7 lakh, meaning that persons in the new tax regime with income up to ₹7 lakh will not have to pay any tax.

Union Budget 2024: Gita is your average software professional with a keen interest in following the daily trends of Indian economy to understand its impact – be it in the rise in prices of fruits or that of the stock market. She tends to connect the trends with RBI rates or FDI announcements. With upcoming year-end holidays, she is all geared up to appreciate the changes impacting her salary and plan for her new home in the next financial year.

Pankaj Pandey, Head Research, ICICIdirect.com, says: “We like U GRO Capital. It is a MSME lender. The overall expectation is that the AUM will grow at 50% odd and ROAs will inch up from 1% last year to 3%. We have a target price of Rs 350. We also like Green Ply with a target price of 295. Their MDF plant is operational, the capacity utilization for that should go up going forward and that should fetch better margins. We also like cement as a space, so Birla Corporation is another stock which we are liking with a target price of 1755.” What did you make of the move that we saw within the entire real estate basket, given that it was a stellar up move across the board? Pankaj Pandey: Real estate as a sector has a five, six year cycle, probably we are in the second year of that cycle but unlike 2003 to 2007, our sense is that you will see more of a measured growth both in volumes as well as in pricing, unlike the time earlier when the pricing had sort of gone up.

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PTI, headed by Chief Election Commissioner Rajiv Kumar, along with Election Commissioners Anup Chandra Pandey and Arun Goel, the Commission will be in Andhra Pradesh and Tamil Nadu from January 7 to 10. Also Read: 2024 Lok Sabha polls: PM Modi's 3rd straight term 'almost an inevitability', declares column in UK daily Ahead of the visit, deputy election commissioners are scheduled to provide a briefing to the full commission regarding the preparations in the two states on January 6. The deputy election commissioners have undertaken visits to nearly all states to supervise the arrangements for the upcoming Lok Sabha elections.

top seven cities is poised to exceed one gigawatt by 2024, marking a near three-fold increase in just four years, reflecting the voracious appetite for content in a country that leads the world in smartphone data consumption. That trend is likely to intensify as 5G networks expand further across the country that added a record 230 megawatts of new capacity last year. Cushman & Wakefield reported that the total colocation capacity (IT load) in the top seven cities reached 884 MW in 2023, marking a 35% year-on-year increase. «Colocation supply is expected to reach a record high next year, with numerous greenfield facilities set to go live by both domestic and international players.