2024 Financial News

Bernstein analysts weighed in on the outlook for the internet sector for this year, highlighting Uber (NYSE:UBER) as a quality compounder.

hiring this year is expected to grow 8.3 per cent this year with the job market showing signs of recovery in December, a report said on Thursday. December witnessed a 2 per cent growth in hiring, the foundit Annual Trends Report said. It projected an overall hiring expansion of 8.3 per cent for 2024, with Bengaluru expected to see an 11 per cent surge. Key sectors that will experience increased hiring include manufacturing, BFSI, automotive, retail, and travel and tourism, it said.

So, elevate your note-taking experience and stay ahead in your endeavours with these best-selling spiral notebooks, combining functionality, affordability, and style to help you achieve your goals in the most organized and efficient way possible. Embody the spirit of a structured and successful year ahead with these essential companions for scholars, professionals, and creatives alike.

Britain will likely go to the polls in the last six months of this year, Prime Minister Rishi Sunak indicated Thursday, as speculation mounts about the date of the vote. Sunak, whose Conservative party has been in power since 2010, has until the end of January 2025 to call a much-anticipated general election.

It’s that time of the year when several heads of state, the richest and most powerful businessmen, civil society and the media head to the snowclad resort town of Davos in the Swiss Alps for a five-day pilgrimage to brainstorm and shape the global agenda. The 54th annual meeting of the World Economic Forum starting on 15 January is being held against the backdrop of escalating tensions in West Asia amid the continuing Israel-Hamas war, new shocks to supply chains, growing threats from climate change, and emerging risks from the increasing application of artificial intelligence. As always, more than 100 governments, including heads of state, will attend the meeting, which is being convened under the theme ‘Rebuilding Trust’.

Eli Lilly & Co. (NYSE:LLY) added 4.3% Wednesday, marking its strongest performance in two months, following Bank of America's designation of the drugmaker as its top pick among large cap biopharmaceutical companies for 2024.

“Transition finance” is shaping up to be one of the new year’s most important subjects for anyone professing to care about the climate crisis.

Ringing in a new year comes with a lot of planning, preparation – and dread. 

PMJJBY is a one-year life insurance scheme renewable from year to year offering coverage for death due to any reason. Individuals in the age group of 18-50 years having a savings bank or a post office account are entitled to enroll under the scheme.

Premature withdrawal rules of 10 post office schemes: PPF, NSC, Senior Citizens Savings Scheme, Mahila Samman Savings Certificate

Real Estate (Solid recovery after slumber): As per the brokerage, a revival in the property cycle is likely to be sustained driven by a time correction in prices, better affordability, reasonable interest rates and the need to have bigger houses. This will have a positive impact on many industries (such as steel, cement, building materials, and other related sectors) and generate employment across income strata, added the brokerage. Infrastructure (Infra spending remains a key booster): Budgetary allocation for capex has been going up substantially for the last couple of years and supporting various industries, noted the brokerage.

Reserve Bank of India (RBI) issues the bonds on behalf of the central government. Date of Subscription: February 12 – February 16, 2024 Date of Issuance: February 21, 2024 The tenor of the Sovereign Gold Bond (SGB) is for eight years with an option of premature redemption after 5th year to be exercised on the date on which interest is payable. The maximum limit of subscription is 4 kg for individuals, 4 kg for HUF, and 20 kg for trusts and similar entities per fiscal year.

personal income tax, particularly in the New Tax Regime, Gupta added. The deduction limit under Section 80D for medical insurance premiums should be increased from ₹25,000 to ₹50,000 for individuals and ₹50,000 to ₹75,000 for senior citizens, reflecting rising healthcare costs.

Ministry of Finance has announced the interest rate for the General Provident Fund (GPF) and other similar provident fund initiatives for January- March 2024 quarter. According to the resolution released by the Department of Economic Affairs (DEA), Ministry of Finance on January 2, 2024, It is announced general information that during the year 2023-2024, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1 January, 2024 to 31th March, 2024. This rate will be in force w.e.f. 1 January, 2024.” The government has kept the interest rate on GPF and linked funds constant for this quarter of 22024. The funds concerned are: 1. The General Provident Fund (Central Services). 2. The Contributory Provident Fund (lndia). 3. The All lndia Services Provident Fund. 4. The State Railway Provident Fund. 5. The General Provident Fund (Defence Services). 6. The lndian Ordnance Department Provident Fund' 7. The lndian Ordnance Factories Workmen's Provident Fund. 8. The lndian Naval Dockyard Workmen's Provident Fund. 9. The Defence Services Officers Provident Fund. 10. The Armed Forces Personnel Provident Fund.

ByteDance Ltd.’s TikTok aims to grow the size of its US ecommerce business tenfold to as much as $17.5 billion this year, according to people familiar with the matter, posing a bigger threat to Amazon.com Inc. The 2024 merchandise volume goal for the US version of TikTok Shop — which melds online entertainment with impulse buying — was discussed in internal meetings in recent weeks and may still change depending on how the business goes, said the people, who asked not to be named discussing private information.

Defence stocks were among the top performing stocks of 2023. Investors and traders alike were extremely bullish on them for the short term and long term. This sentiment hasn’t changed but it wouldn’t be wise to expect the same kind of market-beating performance from defence stocks every year.

NTA Director Subodh Kumar Singh highlighted the purpose behind this move, stating, "The move is aimed at ensuring there are no cases of use of unfair means or proxy attendance. We have strict mechanisms in place already but the idea is to make the exam completely foolproof to ensure there are zero incidents." Currently, aspirants undergo screening upon entry, with biometric attendance recorded at that point.

A market sell-off over the past day has seen Bitcoin’s price tumble by over 10%, with the cryptocurrency dropping from roughly $45,500 to as low as about $40,800.

bankruptcy data provider Epiq AACER. According to the data published on Wednesday, the total bankruptcy filings rose to 445,186 in 2023 from 378,390 in 2022.

Here’s hoping 2024 is a big year for women on Wall Street.

The U.S. Federal Reserve expects to begin cutting interest rates in 2024, according to the minutes from the Federal Open Market Committee’s (FOMC) pivotal December meeting released today.