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global markets have adopted an upward momentum, showcasing signs of recovery from previous lows. However, while other markets (equity for example) show resilience based on the expectation of a Federal rate cut, the crypto market is yet to register a prolonged upward boom.

Economists see the Bank of Canada cutting interest rates for a third consecutive meeting next week, continuing what’s anticipated to be a steady downward trend in borrowing costs over the next year as inflation eases.

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

NFRA), in collaboration with the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi), is urging the Institute of Chartered Accountants of India to update a crucial accounting standard to align with revamped international norms, addressing a gap that has existed for over two decades, ToI reported on August 26. On Monday, the NFRA board will deliberate on updating SA 600 to match the International Standard on Auditing 600 (ISA 600), which has undergone revisions in 2009 and 2023. This move follows the NFRA's observation of discrepancies in various cases, including those involving Reliance Capital, IL&FS, DHFL, and Café Coffee Day. The NFRA, responsible for overseeing auditors and audit firms of large and listed companies, initiated discussions in May to update these standards, aiming to close the regulatory gap. Sources have indicated that SA 600 has been particularly contentious. While some chartered accountants argue that smaller firms might be adversely affected, regulatory sources insist that protecting small investors' interests is paramount.

“The time has come for policy to adjust,” Fed Chair Jerome Powell told an annual gathering of global policymakers and economists in Jackson Hole, Wyoming, all but committing the US central bank to lowering rates when officials meet in September.

RBC Wealth Management is not letting moss grow under its feet in the Western US as it adds another experienced advisor from Merrill to its network.

Fortnite Chapter 5 Season 4 has introduced new POIs, weapons and a Marvel theme. This season also features fan-favorite characters in new forms. Players are curious about when this season will end and what to expect as it progresses.

«The S&P is still above 5600, has rebounded almost every single thing that it has lost that day. So, I think the more that we get clarity on this type of data, then the more that we are going to see markets factor in more than 100 basis rate cuts by the end of the year,» says Nadia Elbilassy, Sr Market Analyst, Equiti Group. Now, dovish minutes really coming in from the Fed, decreased risks to inflation, labour markets are also at a better place is a sense that seems to be coming out. So, are the markets then factoring in one cut and what do you really make of the minutes? Nadia Elbilassy: Yes, markets are pricing in by 60% that we are going to see a 25 basis point rate cut in September and 30% 50 basis point. So, there is still a division, but it is definitely lower than the past few months, especially after the very weak NFP payrolls that we saw.

Mint event, Chand said the government's policy think tank is working on a plan to identify certain high-value crops as replacements for paddy in Punjab, aiming to protect the environment while ensuring that farmers' incomes are not impacted. Rice cultivation is a major contributor to greenhouse gas emissions, particularly methane. Indian paddy fields emit about 3.3 million tonnes of methane annually, which accounts for around 10% of the country's total methane emissions.

The U.S. Postal Service hopes to save $3 billion a year through a series of changes reflecting greater reliance on streamlined regional networks

Monetary Policy Committee (MPC) meeting on Friday, highlighting that the headline inflation has seen upward movement in June to 5.1 per cent, as food inflation pressures increased and offset the impact of subdued core (CPI excluding food and fuel) inflation and deflation in the fuel group. On future indicators, the central bank said in its statement that headline inflation in July and Q2 of the current financial year are expected to be lower, given their base effect advantage; but with food inflation pressures showing little signs of abatement in the near-term, and household inflation expectations picking up, monetary policy has to remain vigilant to potential spillovers of food price pressures to the core components. «This is critical for the ‘last mile of disinflation’ and anchoring of inflation expectations. Food inflation may soften due to good monsoon, steady improvement in kharif sowing, rising reservoir levels and a likely favourable rabi season output. Uncertainty, however, comes from frequent recurrence of adverse weather events, resurgence of geo-political tensions and financial market volatility. Further, core inflation might just have bottomed out,» the statement read further.

Indian Army has issued a tender for acquiring next-generation artillery guns to be designed, developed, and manufactured domestically. In the initial phase, the army requires 400 of these gun systems, with the demand expected to increase as older equipment is replaced. The procurement mandates that the guns be designed in India with more than 50% indigenous content based on the contract value. Private defence manufacturing companies that have invested significantly in developing artillery systems in recent years are keen on the Rs 7,000 crore acquisition of new Towed Gun Systems. Among the top contenders are Larsen & Toubro, Bharat Forge, and Tata Advanced Systems Ltd. Larsen & Toubro has already supplied K9 Vajra self-propelled artillery guns to the army. Bharat Forge and Tata Advanced Systems Ltd have developed the Advanced Towed Artillery Gun System (ATAGS) in collaboration with the Defence Research and Development Organisation (DRDO) and are currently competing for the army order. «The advanced 155mm/52 caliber guns will be lighter and more versatile than the current artillery guns, including the ATAGS,» according to the report.

Chuck Failla, of Sovereign Financial Group, has built a reputation for his critical stance on the broker-dealer model. A staunch advocate of the Registered Investment Advisor (RIA) approach, he underscores the growing demand for fiduciary advice as a significant driver of the RIA sector’s expansion.

Karnataka Bank and financial services company Navi Technologies have announced the launch of credit line on UPI, an offering by the National Payments Corporation of India (NPCI). The private sector lender will be offering credit lines through a strategic partnership with Navi, marking Karnataka Bank as one of the early adopters of this next-gen credit product. «This is currently offered to a closed group of select users who are pre-qualified for the product, and it will be launched to more users based on customer feedback,» a release said. It further said the bank is starting with a short-term monthly loan product and is in discussions for adding other variants, like EMI facilities, and working capital credit lines in the future, aligned to customers evolving needs.

NCLAT on Wednesday directed the resolution professional of SKS Power Generation to submit and bring on record the e-mail sent to the successful bidder, Sarda Energy and Mining on May 8, 2023, seeking clarifications over its resolution plan. A three-member bench has directed the RP to file an affidavit with the e-mail having communications between the SRA (successful resolution applicant) Sarda Energy and the RP and directed to list the matter on August 30 for the next hearing. NCLAT was hearing the appeals filed by Torrent Power and Singapore-based Vantage Point Asset Management Pte, against the order of the Mumbai bench of the National Company Law Tribunal (NCLT), which on August 13, approved Sarda Energy and Mining's (SEML) bid. Both the petitioners were also in the race to acquire the debt-ridden thermal power producer and opposed the selection of SEML's bid by the CoC. NCLT had rejected their pleas against approval of SEML's bid.

₹10,000 segment with the introduction of the Moto G45 5G. Although the phone's official price starts at ₹10,999 in India, it is available at an effective price of ₹9,999 owing to launch offers, aligning it with the prices of two other recently launched 5G phones: the Vivo T3 Lite and the Realme C63.

Noel Tata, Chairman of the CII Africa Committee and Chairman of TATA International Ltd. emphasized the growing need for innovative financial strategies to overcome challenges in India-Africa trade at the 19th edition of the CII India-Africa Business Conclave in New Delhi. He particularly highlighted the concept of Rupee trade as a potential solution, stating, «To address these challenges, we are exploring the concept of Rupee trade.» Tata underlined the importance of building mutual trust between financial institutions in India and Africa, stressing that this would pave the way for broader private-sector participation.

TradePMR, a provider of technology and custodial services for RIAs, has bolstered its growing technology bench with four key appointments.

Pernod Ricard India, which plans to triple its revenue over the next decade by prioritising premiumisation, on Tuesday launched two premium whiskies. It has unveiled two whiskies — Royal Stag Double Dark Peaty Whisky and Blenders Pride Four Elements Premium Whisky — as part of this strategic initiative, said a statement from the Indian subsidiary of the French Spirits maker Pernod Ricard. Earlier, it launched Longitude 77, which was the first Indian Single Malt by Pernod Ricard. The company «has unveiled an ambitious plan to triple its revenue over the next decade by prioritising premiumisation and innovation in the Indian market,» said a statement from Pernod Ricard India.

Geojit Financial Services announced the launch of its flexi cap portfolio PMS fund, BEACON, offering a unique blend of stability and growth potential by investing across all market capitalizations and thus helping in wealth creation for the investors. The BEACON Fund is engineered to provide investors with seamless exposure to companies of all sizes, from largecap stalwarts to promising midcap and smallcap growth stories. This approach ensures a balanced portfolio that captures the full breadth of market opportunities.