2024 Financial News

By Gram Slattery

Lok Sabha elections, Deve Gowda said, "JDS will never sink...We will fight for parliament elections independently and will not take any help from any party. Let me be very clear.

(Reuters) -Logitech International raised its sales and profit outlook for the first half of the financial year 2024 on Tuesday in its first set of results since longstanding CEO Bracken Darrell quit the computer peripherals maker last month.

ETIAS) before visiting. Currently, U.S. travelers enjoy visa-free access to numerous global destinations, but the implementation of ETIAS could affect this privilege. The application process, available on the official ETIAS website and mobile application, incurs a 7 euros or $7.79 U.S. dollars fee, with all communication conducted via email. Once approved, travelers can stay in European countries requiring ETIAS for up to 90 days within a 180-day period, and they must possess a valid ETIAS throughout their stay. The EU encourages applying well in advance, with most applications processed within minutes, though some may take up to 14 days if additional documentation is needed. The authorization is linked to the traveler's travel document, like a U.S. passport, and both documents are necessary for boarding flights, buses, or ships to enter European countries that require ETIAS. However, ETIAS doesn't guarantee automatic entry; border guards will verify if entry conditions are met, and non-compliance will result in refusal of entry. The ETIAS travel authorization is valid for three years or until the expiry of the travel document used in the application, whichever comes first. Travelers must ensure that all information, including name and passport number, is correct to avoid issues at the border. If an application is rejected, reasons for the decision will be provided, along with information on how to appeal. As this new requirement approaches, potential European travelers from the U.S. should familiarize themselves with the ETIAS process to ensure a smooth and hassle-free journey.

electric vehicle segment. With its global introduction, the pure electric version of the new BMW 5 Series sedan is eagerly anticipated to hit the Indian market next year. The much-anticipated EV has already commenced production at BMW's renowned plant in Dinglfing, Germany – the automaker's largest European production facility.  BMW positions the midsize electric sedan, the i5, between the i4 and i7 models in its all-electric lineup.

Surging food prices accelerated India's annual retail inflation rate in June to 4.81%, above the polled estimate of 4.58%, snapping four months of easing. «Rate cut bets are getting re-priced as markets are now expecting inflation to overshoot above 6% in July and upward pressure in the coming quarter,» said Madhavi Arora, lead economist at financial services firm Emkay Global. «The bet for the first cut has been shifted by at least one quarter to June 2024,» she added.

By Sabrina Valle

Toyota Kirloskar Motor (TKM) is likely to reach optimal capacity utilisation at its plants by the end of 2024, after which it may consider setting up another unit, a top company executive told ET. The maker of Hycross and Innova Crysta models has seen a surge in demand since it started rolling out new models in 2020, following its global alliance with Suzuki Motor Co. On the back of robust demand for its newly launched vehicles and buoyancy in the passenger vehicle market, TKM is expecting 2023 to be its second consecutive year of record production and sales, said Vikram Gulati, country head and executive vice president, Toyota Kirloskar Motor (TKMPL). In FY23, TKM's dispatches to dealers increased by 41% over the previous year to 174,015 units. It plans to dispatch 220,000-230,000 units in the current fiscal year, according to a person familiar with the company's sales projection. This would be TKM's second consecutive year of double-digit growth. A large part of its incremental volume is likely to come from the Hyryder, its new compact SUV which is the first product co-developed with Maruti Suzuki.

DC Comics enthusiasts have reason to celebrate as the blue brand announces two highly anticipated animated movies to be released in 2024. At San Diego Comic-Con, DC treated fans to the titles and logos of these upcoming projects, promising action-packed adventures that will bring beloved comic events from the 1980s to life.

₹6,071 crore for Phase-1 has been provided by the consortium of banks.  The ₹8,783 crore-greenfield project completed a full debt tie-up with a consortium of banks led by SBI earlier this year. Meanwhile the equity for the project has been invested by the parent Adani Enterprises Ltd.

We had positive consideration for a few sectors and optimism for India’s long-term economic progress. However, we recognised the near-term risk of India underperforming the rest of the world, being the most expensive market in the world. We were 100% and 40% overvalued compared to China and EMs at that time.

Alliance (INDIA) to challenge the ruling BJP-led National Democratic Alliance (NDA). However, amidst this grand coalition lies one of the most critical challenges - the selection of a strong and unifying leader to spearhead the bloc.

Mundra in Gujarat will start operations from March next year, helping cut India's dependence on imports and aiding energy transition, sources said. Copper is known as the «metal of electrification» as deeper electrification requires wires, which are primarily made from copper. Technologies critical to the energy transition like electric vehicles (EVs), charging infrastructure, solar photovoltaics (PV), wind and batteries, all require copper.Kutch Copper Ltd (KCL), a subsidiary of the group's flagship Adani Enterprises Ltd (AEL), is setting up a greenfield copper refinery project for the production of refined copper with 1 million tonnes per annum in two phases.

Challengers,' starring Zendaya, to 2024. The film was initially set to premiere at the Venice Film Festival with a theatrical release on September 15, 2023. However, it will now hit theaters on April 26, 2024, and will also forgo its opening night feature at the Venice Film Festival, which is scheduled from August 30 to September 9.

New Delhi: Homegrown entertainment network Zee Entertainment Enterprises (ZEE) on Friday said it will telecast the second season of the International League T20 (ILT20) live on its linear channels and on video streaming platform ZEE5 from January 2024. ZEE picked up the 10-year global media rights of the league from the Emirates Cricket Board.

CBSE board exams date for Classes 10 and 12 in the coming year. CBSE Exam Controller Sanyam Bhardwaj made the announcement in a circular posted on the board's official website — cbse.gov.in.  For the academic year 2023-24, the board exams will begin on February 15, 2024, and will conclude on April 10.

real estate (interest rates likely to come off next year), and IT (global recovery next year). The growth in these spaces is just taking off and valuations are still reasonable. Manufacturing should do well driven by massive capex driven by govt spending (rail, defense etc).

The board of directors of Certified Financial Planner Board of Standards Inc. announced Wednesday that it had elected Elizabeth (Liz) Miller as its 2024 chair-elect.

Narendra Modi, in the upcoming 2024 Lok Sabha elections. During the meeting, the opposition leaders collectively agreed on a name for the alliance, officially naming it the Indian National Developmental Inclusive Alliance, or INDIA. AAP MP Raghav Chadha expressed his views, stating that the central government has failed on all fronts.

INDIA, the coalition of 26 opposition parties, has shown the potential to be a game-changer in the 2024 general elections and has woken up the BJP-led NDA from its slumber. With the NDA graduating from largely ignoring its partners to sending overtures and expanding the alliance to 38 parties, the era of coalition politics appears to have returned to Indian politics. It is now amply clear that the next Lok Sabha elections will be fought between two coalitions- one led by the Congress and the other the BJP- in a bipolar polity.

alliance formation, Mayawati confirmed that her party would neither go with the 26-member INDIA alliance nor the 39-member NDA alliance. She said that she would maintain equal distance from both the formations and contest the upcoming Lok Sabha polls on her own. Addressing a press conference, the 67-year-old leader said the party's preparations are going in full swing ahead of the Lok Sabha elections.