2024 Financial News

Reddit Inc. is again holding talks with potential investors for an initial public offering for the social media company, according to people familiar with the matter, as hopefuls prepare for a long-awaited reopening of the market for new listings. Reddit Inc.

JP Morgan Asset Management fixed income portfolio manager Kelsey Berro discusses when the Fed might start lowering interest rates on Making Money.

Deutsche Bank strategists anticipate that the S&P 500 will surge to a record 5,100 by the end of the next year.

TD Cowen analysts raised the price target on Textron (NYSE:TXT) to $88 from $86 per share in a note Monday, maintaining an Outperform rating on the stock.

₹15 crore from MI for the all-cash trade deal. On being announced as GT skipper, 24-year-old opener Gill said in a statement, as quoted by NDTV, "I am delighted and proud to assume the captaincy of Gujarat Titans and thank the franchise for their trust in me to lead such a fine team. We have had two exceptional seasons and I keenly look forward to leading the team with our exciting brand of cricket." Following Pandya's exit, Gill was the obvious choice for the skipper post, considering he scored 890 runs, second to only Virat Kohli's record of 973.

ALSO READ: ‘If India don't win this ICC World Cup, they will have to...: Ravi Shastri "It might not be a 50-overs (one) that easily because you have to rebuild the side but 20-overs cricket, the very next one India will be a very serious challenger because you have got the nucleus. This is a shorter format of the game.

Maruti Suzuki India Ltd on Monday said it will raise prices beginning 1 January, setting the stage for similar hikes by rival automakers. The company attributed the move to higher commodity costs and steep inflation, but did not specify the quantum of price hike for specific models. “Steel prices have firmed up a little over the last 3-4 months, which accounts for around 38% of our commodity buying.

Canadian rock band, 'Nickelback' is all set to enthrall their fans once again. The band recently announced the big UK and European 2024 Get Rollin’ arena tour. After the successful North American tour supporting their latest LP, praised as a 'great rock album' in our 4/5 review for being crafted on the creators' terms with musical flair, songwriting finesse, and occasional immense force, the band is set to visit 12 cities across eight countries next May and June. The Lottery Winners will be joining the band on this tour. The band said that they are very excited to begin the Europe tour and meet every fan. As part of their 'Get Rollin' Tour,' the Canadian rock group is scheduled to entertain audiences with 12 arena performances across eight countries in May and June 2024. The tour will begin on May 16, 2024, in Glasgow, UK at OVO Hydro. Further, the tour will come to an end on June 8, 2024, in Munich, Germany at Olympiahalle. Adding more, the band said that it has been far too long since they have performed in Europe, and these will be incredibly special shows for the band.

The U.S. Federal Reserve is likely to adopt a dovish monetary policy stance in 2024, according to projections published by Deutsche Bank on Monday. Analysts predict the Fed will cut interest rates by at least 100 basis points from current levels of around 5.25-5.50%.

In the ever-evolving realm of cryptocurrencies, Bitcoin (BTC), the flagship digital asset, remains resilient, consistently hovering above the $37,000 threshold on Monday. The broader crypto market, with a global cap of $1.42 trillion, witnessed a modest 24-hour dip of 1.22 percent. Yet, there’s an air of optimism as the market gradually rebounds, fueled by robust investor confidence.

A15 Bionic chip, 5G connectivity, and seamless integration with the second-gen Apple Pencil, the 2021 release underscored Apple's unwavering dedication to pushing the boundaries of innovation. Rumors suggest that the forthcoming iPad Mini will feature an enhanced A16 Bionic chip, elevating its performance capabilities. There are also speculations about improvements to both the front and rear cameras.

Tata Motors also said the company is considering increasing the cost of its passenger and electric vehicles in January 2024, news agency PTI reported. Tata Motors—a leading global automobile manufacturer— however, did not specify the quantum of the proposed hike. "We are considering a price hike across our passenger and electric vehicles in January 2024.

Bharat Tex exhibition in February aims to showcase the complete textile value chain, featuring participants ranging from farmers to fashion designers. The event, held at both Bharat Mandapam and the newly constructed Yashobhoomi in the capital, marks India's dedication to becoming a global textile powerhouse, combining innovation, collaboration, and the «Make in India» spirit. Timed strategically, the exhibition, covering an expansive two lakh square feet (equivalent to 45 football fields), is anticipated to coincide with the announcement of general elections. Textiles has been a major focus sector, given the large number of weavers, artisans and workers involved in the sector. Bharat Tex 2024 represents India's 5F vision, encompassing Farm to Fibre to Factory to Fashion to Foreign. It emphasizes the nation's readiness to take on global competition in the textile sector, creating products not only for India but the entire world. The four-day event is expected to attract global CEOs, policymakers, in addition to over 3,500 exhibitors from around the world, 3,000 overseas buyers from over 40 countries, and more than 40,000 domestic buyers, official sources told TOI. The textiles ministry, which is working with trade bodies, has reached out to global players such as Chanel, LVMH, Uniqlo, Zara and Walmart — which is hosting its first global sourcing meeting around the same time — to join the mega event where nearly 100 top Indian brands such as Fabindia, Nalli, Arvind Mills and Raymond will be showcased as the organisers work on the theme of «local for global». «Indian manufacturers cater to big brands, largely as vendors.

Deutsche Bank strategists anticipate that the S&P 500 will surge to a record 5,100 by the end of the next year.

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Ravi Shastri on Monday backed India as a «serious challenger» in next year's T20 World Cup but said what matters for a dominant side is to come out winners in the last two knock-out games of any big event. It has been more than a week since Australia trumped India, in what turned out to be a one-sided final in Ahmedabad, with the country's cricket fraternity still reeling with the outcome, given that the hosts had a 10-match unbeaten run into the title clash. «Nothing comes easy — even the great man Sachin Tendulkar had to wait (for) six World Cups to win one.

retention announcements by 10 teams of Indian Premier League (IPL) ahead of the auction in Dubai, many were unhappy with the news of Australian player Josh Hazlewood being released by Royal Challengers Bangalore. RCB which has one of the most heartbreaking campaigns in IPL history during the retention event announced that it has released 11 players to expand their purse for auction. On Hazlewood's release, RCB's newly-appointed head coach Andy Flower in a video released by the team revealed the reason they have decided to let go of the Australian player.

BSE filing, the automaker informed that due to increased pressure, it has decided to hike prices of the cars."The Company has planned to increase the prices of its cars in January 2024 on account of increased cost pressure driven by overall inflation and increased commodity prices. While the company makes maximum efforts to reduce costs and offset the increase, it may have to pass on some increase to the market," MSI informed the stock exchanges today. The company, which sells a range of vehicles from entry-level small car Alto to multi-utility vehicle Invicto, priced between ₹3.54 lakh and ₹28.42 lakh (ex-showroom Delhi), however, did not specify the quantum of the proposed price hike.

tobacco products in the Union Budget 2024–25 in order to raise additional funds. It is believed that raising the excise tax is one of the most cost-effective public policy tools available to regulate tobacco consumption. In addition, they also requested an increase in health taxes on cigarettes, bidis, and smokeless tobacco in their appeals to the Finance Ministry.

IPL). Now, he has also been released by Chennai Super Kings (CSK) while the CSK management expressed their support for Stokes's decision. He plans to undergo knee surgery and aims for a complete recovery before England's extensive Test series in India.

Hardik Pandya returned to Mumbai Indians. This move follows an all-cash transaction with his former team, Gujarat Titans. The deal, involving intense negotiations over 72 hours, was finalised after the IPL retention window closed on November 26 at 5 pm.