2024 Financial News

IPL auctions 2024: Money is raining in Dubai. As some of the best cricketers go under the hammer at the IPL auction 2024, IPL teams can't stop themselves from raising the peddle. At the IPL auction 2024, some intense bidding war was in play with franchises bringing all their negotiating strategies to the table.

IPL auctions 2024: The IPL teams are engaged in some intense bidding war in Dubai and the numbers are looking phenomenal in the IPL auction 2024. Australian skipper Pat Cummins was picked up by the Sunrisers Hyderabad for a whopping ₹20.5 crore, making him the most expensive player in the history of IPL. As the deal was sealed, social media was abuzz with reactions with users questioning the rationale of the team, who purchased Sri Lankan all-rounder Wanindu Hasaranga for just ₹1.5 crore.

Bitcoin (BTC), the flag bearer of the crypto market, is up 155% year-to-date. The number of institutions holding BTC in treasury is growing. A Bitcoin spot ETF is around the corner. And industries are leveraging crypto and the underlying blockchain technology to modernize their processes. This resurgence shouldn’t be surprising. As with any market, crypto has its cyclicality. When interest rates went up and investors turned risk-averse, fewer capital flowed into crypto markets. The collapse of a popular stablecoin and an international exchange exacerbated the situation. And yet, the crypto ecosystem has continued to progress: Scaling up the blockchains and building more applications—in finance and beyond.

in 2024. Creating a comprehensive budget and closely monitoring your spending habits is the foundation of financial security. Allocate your income to different categories such as housing, transportation, groceries, and savings.

rising intеrеst ratеs will shape the 2024 landscapе. Most of them expect the interest rates in 2024 to either stay at current levels or rise marginally, but they don't anticipate a significant impact on residential demand. Affordability and income outlook will be more critical factors in determining residential sales.

By Marius Zaharia

As many as 333 players are under the hammer at the «mini auction» of the 2024 season of the IPL, one of the richest sports leagues globally. There are 77 slots available across the 10 franchises, 30 of them for foreign players. Gujarat Titans have the fattest purse this time at Rs 38.15 crore.

Harsh Goela and CFA Aditya Goela, Co-founders, Goela School of Finance, believe the upcoming budget will focus on rural economy's revival. They hope the government addresses inflation by considering tax reductions. Meanwhile, for the next year 2024, they advise diversifying beyond equities for a resilient portfolio to asset classes like real estate, fixed income, and precious metals.

Year-to-date, the NSE Nifty 50 has gained more than 18% and the BSE Sensex 17%, driven by robust inflows from both domestic and foreign investors. As we enter into 2024, the bulls are holding the strings tight and market experts remain optimistic about the performance continuing in the next year as well.

hiring numbers in calendar year 2024 compared to the previous year, with manufacturing, automotive and BFSI leading hiring. According to the Taggd India Decoding Jobs 2024 report released on Tuesday, 60% companies plan to hire for hybrid roles in 2024 compared to 56% in 2023. Devashish Sharma, CEO of digital recruitment platform Taggd said, “Positive trends in hiring, especially in sectors like automotive, manufacturing, and BFSI, indicate a dynamic recovery.

At the dawn of 2023, the specter of Saudi Arabia’s growing influence on pro golf — and sports in general — served not only as a moral conundrum for players and their fans, but also, some argued, as an existential threat to the multibillion-dollar profe...

Jaideep Hansraj, MD & CEO, Kotak Securities, says “just stick to what you think your asset allocation should be because ultimately I agree with the fact that it is stocks which make money, it is sectors which make money. But ultimately, equity as an asset class is giving you the returns and it does not matter whether you buy X bank versus Y bank. Yes, I agree with the fact that some of the banks or some of the stocks have not done as well as the other but ultimately it will even out in the long run.” I remember when we spoke, Sensex was at 3000, now Sensex is at 70,000. That is true. We were discussing the importance of FIIs. Everybody is now saying, kahan jaige FII, ab nahi toh kabhi nahi. (Where will FIIs go? If not now, when?) Is there merit in assuming that in the next six months, there would be FOMO, there would be desperation and what we have seen in December is just the trailer of what flows will come in next year? See, I personally believe that FII flows will have an uptick going forward and my reasons are coming from the fact that a combination of how the US interest rates behave and how the dollar index behaves and how crude oil behaves.

Sailesh Raj Bhan, CIO, Nippon India Mutual Fund, says today with growth being back, PSU banks have the capital and capacity to lend which is not available or it is very tough to find in other pockets of the market, This is one space where valuations still are way reasonable. Most of them are one-time books and their ROEs have all started to improve and are now materially higher. So, some level of re-rating in this category does seem probable and certainly a better risk reward space within the available options today.” There was a time when PSU banks were bailed out. The government had to infuse capital because they were on the verge of an existential crisis. BOI has raised money via QIP route and J&K Bank has hit the market. So, the cycle has turned for PSU banks and these stocks are still trading way below their private sector counterparts. Do you think for PSU banks what started as a spark could ultimately be a very good rally for 2024 and beyond also? In public sector banks, the growth is still not there and it is likely to come in the next two or three years because the whole investment lending which will likely to happen and that growth is certainly going to be rewarded by markets because earlier the bigger issue was the banks have constraint for capital and we are not growing and hence any level of valuation was unjustified in the context of the market.

IPL Auction 2024 Live Updates: The much-anticipated IPL Auction 2024 promises to be a spectacle, with 333 players registered for the event. Initially, a staggering 1,166 names were submitted. However, the 10 franchises narrowed it down, reducing the count by 833.

South Korean crypto market analysts think the worldwide crypto market cap could hit the $5 trillion mark in 2024 as global adoption continues.

SAO PAULO (Reuters) — The new CEO of Brazilian lender Bradesco, Marcelo Noronha, sees an open window for public offerings in the country next year, he said on Monday, mentioning falling interest rates in the United States and stronger growth in Brazil.

The ball in Times Square will soon be dropping, closing the book on 2023 and ushering in a brand-new year. It also means it’s time for financial advisors intent on improving their practices to get their new year’s resolutions on the record.

Millions of Americans will be making a new year’s resolution to improve their finances according to new research.

Fairshake has raised $78 million to support “pro-crypto” candidates in the forthcoming 2024 US elections.

Fairshakes has raised $78 million to fund pro-crypto legislators and support leaders who support blockchain innovation in the United States.

Congress president Mallikarjun Kharge launched the party's crowdfunding campaign 'Donate for Desh' in the national capital and asked people to join the fight against unemployment and rising costs. As part of the donation, Kharge donated a sum of ₹1,38,000 from his salary to launch the campaign in the presence of party leaders and general secretaries K C Venugopal and Jairam Ramesh and treasurer Ajay Maken. "It is a very happy day that our party leaders have prepared an App.