2024 Financial News

Ambati Tirupati Rayudu joined the YSR Congress Party in the presence of Chief Minister Shri YS Jagan at the CM Camp office. Deputy CM Narayana Swamy and MP Peddireddy Mithun Reddy participated in this program," the party wrote on X. Ambati Rayudu, who played for MS Dhoni-led Chennai Super Kings (CSK) in the Indian Premier League (IPL) announced his retirement after the franchise won the trophy in 2023.

The Dawn. According to the report, the party has fielded reportedly fielded candidates for each constituency of Pakistan. But, the most interesting news is Hafiz Saeed's son Talha Saeed will contest the polls from the National Assembly’s constituency NA-127 in Lahore, as per the report.

After the Bank of Canada held its benchmark interest rate steady in its final three decisions of 2023, the tone of conversations in markets has shifted firmly away from further rate hikes and staunchly into the camp of when cuts could begin.

The digital tenge, which represents Kazakhstan's pioneering venture into central bank digital currencies (CBDCs), has completed its pilot project, which lasted for a month. This groundbreaking endeavor into digitizing the national currency, which represents a huge shift in the landscape of Kazakhstan's financial technology systems, is an important milestone. The accomplishment of the project serves as a guiding light leading to the possibility of future developments in applications using digital money.

Ariana Grande is poised to make a spectacular comeback in 2024, as confirmed by the pop sensation through a series of engaging social media posts on Wednesday morning. In an Instagram carousel featuring an array of photos and videos, Grande tantalizingly announced her return with the caption, «See you next year.» The montage included a mix of in-studio snapshots capturing various emotions: a lively video of Grande's mother dancing, a screenshot of a FaceTime call capturing her own dance moves, an intriguing photo of a warehouse—potentially a music video set—and another poignant image revealing her in tears.

Strong consumer demand will help India retain its spot as the fastest-growing economy in 2024 despite global headwinds, industry body Associated Chambers of Commerce & Industry of India said Thursday. The chamber noted that consumer demand would likely drive investment in construction, hospitality, and infrastructure, including railways and aviation. “India Inc., led by financials, construction, hotels, aviation, automobile and other manufacturing areas like electronics, are on a strong pitch to further improve performance in the new year,” the body noted in a statement, pointing to low crude oil prices helping drive growth. Construction and infrastructure-related sectors have received a push, with the government capex spending rising so far in FY24. “Sectors like construction have several related industries which too have gained momentum.

Economist Peter Morici reacts to the Fed signaling that it could cut interest rates three times in 2024, on 'Varney & Co.'

Motorola's plans for the next year. The product lineup for 2024 from the Lenovo-owned company includes a fresh iteration of the Razr model, adds the report. The upcoming Razr phone is set to feature a redesigned look and incorporate artificial intelligence.

As we approach 2024, analysts foresee a convergence of artificial intelligence (AI) and web3 technologies leading to a flourishing subsector within the crypto space.

Ram Mandir remarks, Sam Pitroda said 60% people of India do not vote for BJP but PM Modi is everybody's Prime Minister. He said that PM Modi should speak more about issues like employment, inflation, science and technology, etc. "My comments on the Ram mandir got twisted.

Mercedes-Benz India is gearing up for the launch of the facelifted GLS, its flagship model, on January 8, 2024. The SUV, revealed globally earlier, boasts a redesigned front grille, updated headlamp cluster, and modified front bumper. Riding on new 20-inch alloy wheels, the GLS facelift offers an enhanced exterior.

Pensions plans made the political headlines in 2023 like seldom before, from Alberta’s threat to pull out of the Canada Pension Plan with more than half of the fund’s assets to Ottawa’s desire, stated in the fall fiscal update, to have the globetrotting trillion-dollar asset managers invest more at home. The Financial Post spoke to Alberta Investment Management Corp. chief executive Evan Siddall about these issues, geopolitics and how AIMCo is evolving its investment strategy for 2024 and beyond. This interview has been edited and condensed for space.

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Nirav Karkera, Head of Research, Fisdom, says: “I am not quite sure if 2024-25 will actually turn out to be the year of passives per se but definitely largecaps are expected to make a comeback. But at the same time, it is not expected to make a comeback at the cost of small and midcaps. So, there are a few good things that have been going in favour of small- and midcaps as a segment and we expect a lot of this to be carried forward into the New Year as well.” Before I ask you how you think midcap and smallcaps would be faring in 2024, let's just analyze the performance in 2023 where we have seen Nifty Small-Cap growing beyond 40%, Nifty Mid-Cap close to 38%, beating Nifty-50. Also, midcap and smallcap funds have given returns beyond 35%. It has been said that 2024 and 2025 are going to be years of passive funds and specifically focusing on large cap category. But then what is going to be the trajectory of midcaps and smallcaps going ahead? Nirav Karkera: Definitely one thing that is very clear that largecaps are once again gaining a lot of investor favour and investor interest and this comes on the back of a very stellar run-up in the mid- and smallcap segments. In fact, the run-up has been so good that it has pushed many investors to the edge of their seats, worried about what lies ahead after such a rally. Does it fizzle out from here or what is it that can keep the rally sustaining going ahead?

Palm Court, The Gaurs Sarovar Premiere, Greater Noida 4. BFF New Year's Eve with Kanika Kapoor, Mankirt Aulakh and Akhil Sachdeva and more, Leisure Valley Ground, Gurugram 5. A Night of Sufi Music by Traditional Nizami Brothers followed by DJ Asad, Home Delhi, Vasant Kunj 6.

geo-political risks, global slowdowns, quantitative tightening, and high valuations. The RBI has also identified a surge in unsecured loans as a potential risk and has announced policy measures to mitigate the concern. It is essential to closely monitor the credit expansion within the system, given the substantial surge observed this year. A potential default could pose a significant risk to one's portfolio.

By Lewis Krauskopf

Gold Outlook for 2024, said, “The yellow metal did well and has gained over 12% in the current year. Experts and analysts in the sector anticipate a further rise in gold prices amid high demand for the precious metals. SahiBandhu Gold Loan, the largest gold loan aggregator platform, foresees a significant increase in the demand for loans against gold due to the continued per-gram gold rate rise in 2024." Expect higher prices and a buoyant loan market in 2024, said Veer Mishra, Founder of Plus.

No Taxation for Annuity Plans to Benefit Both Retirees and the Industry: Many Indians don't save enough for retirement, and the gap between needed and available retirement funds is expected to reach $85 trillion by 2050. To help close this gap, consider these steps: Investing in pension and annuity products is crucial for income after retirement. Making taxes simpler or removing them for these products will encourage more people to invest in these important financial protections.

#1 & #2 Gold and Silver Gold and silver are classic inflation hedges. Their prices have risen recently, and many market experts hold a bullish outlook for these metals in 2024. As international and monetary assets, their values are closely tied to the US dollar's strength.

Rishi Kohli, CIO - Hedge Fund Strategies at InCred Alternative Investments, told Mint that Nifty may hit the 25,000 level by the end of 2024. The market is witnessing tailwinds which can propel it to unprecedented levels.