2024 Financial News

2018-Everyone is a Hero," which is based on the devastating Kerala floods of that year, has been chosen as India's official entry to the 96th Academy Awards, commonly known as the Oscars, set to take place on March 10, 2024, in Los Angeles. A unanimous decision by the Film Federation of India's 16-member jury propelled the Malayalam film into the global spotlight. Among the 22 titles vying for the prestigious Oscar slot were notable Hindi films such as «The Kerala Story,» «Rocky Aur Rani Kii Prem Kahaani,» «Gadar 2,» «Zwigato,» «The Vaccine War,» and «Mrs Chatterjee Vs Norway,» as well as regional gems like «Balagam» (Telugu), «Vaalvi» (Marathi), «Baaplyok» (Marathi), and «August 16, 1947» (Tamil).

Ram Mandir in Ayodhya, the birthplace of Lord Rama, is nearing completion, bringing immense joy to Hindus worldwide. This much-anticipated religious edifice carries deep significance for millions and has been in the making for centuries.

Uttar Pradesh's Ayodhya will begin with the expected opening of the grand Ram temple in January 2024, officials said. The Ram Temple's consecration ceremony is likely on January 22 next year. «It is a race against time, but the airport will be completed along with the construction of the Ram temple,» said an official. According to the Airports Authority of India (AAI) officials, in the second phase, Ayodhya will have international commercial flight operations. The first phase includes commercial flight operations from Ayodhya airport, a 2245-metre-long runway development and installation of a Doppler Very High Frequency Omni Range (DVOR) as well as a homing gate system.

“We are hoping that 2024 will be a breakout year for India in terms of flows with more tailwinds than headwinds,” says Harendra Kumar, Managing Director, Elara Securities India. In an interview with ETMarkets, Kumar said: “There is always some tactical money that finds its way in/out of India during some macro headwinds. There is more money waiting to come in, than to go out” Edited excerpts: After hitting 20,200 on the Nifty50, the market is going through some healthy consolidation. In terms of global overhang, we have the US Fed outlook, a rise in Dollar index, crude, and recent Canada comments. Have we made a top? The Nifty was around 18500 in Oct 2021, and it has taken us two years to reclaim the top — so it is hardly a euphoric event, except that it is a headline moment.

Donald Trump's Republican competitors will take place. All participants aim to seize a defining moment that might shift the course of the primary race, which currently heavily favours the former president. As reported by Reuters, the debate, hosted at the Ronald Reagan Presidential Foundation & Institute in Simi Valley, California, will feature seven Republican candidates.

Bankers and investors are optimistic that a string of initial public offerings will cap off a quiet year for new issuance before things accelerate in 2024. That's the consensus across Wall Street after a flurry of deals on US exchanges positioned September to be the biggest month for IPO fundraising since the market essentially shut in January 2022, according to data compiled by Bloomberg. Even though Arm Holdings Plc and Instacart stumbled in the days following their debuts, their recent stability is giving confidence to firms in the country — and around the world — that have been waiting for their chance. Companies listing on US exchanges have raised roughly $7.2 billion so far in September, accounting for 56% of the cash raised in global IPOs that priced this month, data compiled by Bloomberg show.

The UK economy shrank by 0.5% in July, worse than analysts had predicted and continuing a trend of weak economic growth in the UK.

mid-cap stocks have once again proved their potential by outperforming the benchmark indices in 2023 by a huge margin. Mid-cap stocks have the potential to give high returns in a bullish market phase. Although individual stock performance is the primary reason behind this rally, another important contributing factor is the performance of the Indian economy and the rising importance of India as a key player in the global supply chain.

Google says that the change is in line with the usage pattern of podcast listeners. Citing data by Edison, Google noted that 23% of the weekly podcast users in the US listen to podcasts via YouTube while only 4% say they prefer Google Podcasts.

This is part of a series of interviews with the winners of The Economic Times Startup Awards 2023. Petcare brand Heads Up for Tails (HUFT) is looking to chart newer domains of growth and plans to take its private-label portfolio across nutrition, grooming and lifestyle products to the global market in 2024, its founder Rashi Narang told ET. The company, which started in 2008 and is backed by the likes of Peak XV Partners and Verlinvest, is also looking to double down on its offline presence and launch new stores in tier 2 and tier 3 cities.

Stevie Nicks has extended her 'Live In Concert' tour by adding seven dates to her current trek. Nicks will begin the 'Live In Concert' tour on February 10 at Mark G Etess Arena in Atlantic City. She will make stops and perform in New York, South Carolina, Florida, Louisana and many more places, before bringing the tour to an end with a performance at the AT&T Stadium in Arlington, Texas with support from Billy Joel. Live Nation will produce all of the newly added dates except for her appearance at the Hard Rock Live in Florida.

NEW DELHI : The government has extended the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme till 30 June 2024, an official statement said on Tuesday, benefitting exporters amid global headwinds. “The RoDTEP support which was notified till 30th September 2023 is now being extended till 30th June 2024 at the same rates to the existing export items," the commerce ministry said in a statement.

Payment processing giant MoneyGram is set to launch its own noncustodial crypto wallet, the company’s CEO, Alex Holmes, announced during the Stellar Development Foundation annual Meridian conference.

₹15,070 crores is available to support 10610 HS lines at the 8-digit level, the government said. This program serves as a substitute for the discontinued Merchandise Exports from India Scheme (MEIS) that concluded last year.

2024 Lok Sabha polls by the Congress and some other parties is "politically motivated" and an attempt to defeat its purpose, said Union minister Anurag Thakur on Tuesday. «These parties are aware that neither census nor delimitation has been done and any person can go to the court and get the process stalled,» he told reporters here. Replying to a question whether the NDA is becoming weak with allies like AIADMK quitting the alliance, the information and broadcasting minister said JD(S) and some other parties are joining the ruling alliance which is strong and will win the 2024 Lok Sabha polls.

Venezuela was one of the first Latin American countries to establish its own crypto oversight body, the National Superintendency of Crypto Assets (Sunacrip). Now, the government says it will take six extra months to ‘reorganize” the entity, which de-facto stopped its work in March 2023. 

Swing state voters Deb Ludwig, Rebecca Boyer and Bernadette Wright discuss their top 2024 issues and the candidates that best align with them.

FOX Business' Madison Alworth reports from Simi Valley, California, where the 2024 Republican candidates will take the debate stage Wednesday night.

Abhishek Basumallick, Founder & Chief Equity Advisor, Intelsense Capital, says “right now is a very good time to buy for probably the next two to three years. Right now means from now till the end of the year, maybe before elections next year. So the next seven-eight months or ten months are likely to provide a good opportunity to buy. We need to be keeping our eyes open, always be on the lookout for good companies where there is visibility of earnings growth.”Something is troubling one part of the market quite a lot in the last few days and that is the dollar index crossing 106. In fact, in the last five days, we have seen FII selling getting accelerated. The fear is that it may get even further accelerated from here on. Plus, there is rising bond yields in the US. Is that a legitimate worry or are we flush with domestic liquidity and any volatility, if it arises, will be absorbed?There is some cause of concern or at least we need to take note of what is happening in the US because ultimately a large part of global liquidity is being driven through dollars.

BERLIN (Reuters) — Germany's economy will grow more slowly than previously expected next year due to a lack of positive momentum towards the end of this year, the IMK institute said in its forecast on Tuesday.

US Polls 2024: Vivek Ramaswamy's Silicon Valley fundraiser dinner to cost ₹41 lakh per ticket. More details here Indian Americans account for around 2.1 million or around 16 percent of the 13.4 million Asian Americans eligible to vote and are the third largest Asian-origin population behind Chinese and Filipino Americans, reported New York Times.