Booking Financial News

RBItrage. When it looked like their big-ticket borrowers like real-estate projects were going to default, some financiers took recourse to new funds tailor-made for them by Wall Street firms. Investors who pooled money were issued senior securities, earning them interest.

Rahul Gandhi's ordinance-tearing act in 2013 and said he has all the "arrogance" of his Gandhi-Nehru lineage without their political acumen and that this episode was the "final nail in the coffin" for the Congress in the Lok Sabha polls the subsequent year, a book on the late president says. "In Pranab, My Father: A Daughter Remembers", Sharmistha Mukherjee says that her father also told her that "maybe politics wasn't Rahul's calling" and his "lack of charisma and political understanding is creating a problem" besides his "frequent disappearing acts". In another related incident Sharmistha Mukherjee says,"In the morning one day Rahul Gandhi came to meet him(Pranab Mukherjee)...as it turned out that Rahul was actually supposed to meet him in the evening...when I mentioned it to my father he sarcastically commented that, if Rahul's office doesn't differentiate between the am and pm, how do they hope to run the PMO one day".

Thomas A. James is to retire from the board of directors at Raymond James Financial early next year, having made an unrivaled impact on the firm his father created in the 1960s.

Investors are betting that Europe will lead the world’s largest central banks on interest-rate cuts after one of the region’s most hawkish policymakers described a slowdown in inflation as “encouraging.”

Indian equity indices continued their rally for the seventh straight session to hit fresh record highs on Wednesday. The rally was driven by gains in Reliance Industries, ITC and L&T amid persistent foreign fund inflows. Foreign institutional investors (FIIs) on Wednesday sold stocks of Indian companies worth ₹11,916.30 crore and bought stocks for ₹11,836.42 crore, resulting in an outflow of ₹79.88 crore, according to NSE data.

Telangana PCC President A Revanth Reddy who is set to take over the reins of the state from Thursday will have a daunting task of making the bleak coffers ring to be able to fulfill the «six guarantees» that the Congress party gave during the run up to the recently concluded assembly polls. Besides, he also has many political challenges to confront. The Congress's robust campaign highlighting the six guarantees is said to have been one of the reasons for the party to mark its victory in the state.

«With this partnership, we aim to bring more convenience and best offers for Vi users. As an introductory offer, there will be zero convenience fees on all flight bookings,» the company said in a statement. «Additionally, the users will soon be entitled to get offers on domestic & International hotels, holidays, buses, activities and cab bookings,» it added.

Bollywood star Aamir Khan, who was recently stranded at Karapakkam, Chennai due to the devastating floods and torrential rain was rescued along with Tamil star Vishnu Vishal and badminton champion Jwala Gutta by the fire and rescue services personnel on December 5. Taking to X (formerly Twitter) on Tuesday, Tamil Nadu industries minister TRB Rajaa praised the ‘3 Idiots’ star profusely for being patient and cooperating with the rescue team rather than attempting to pull strings and get saved first. “Astounding that he didn't try to pull any strings to be rescued! Awesome to see him being so grounded and WAITING HIS TURN to be rescued just like any of our fellow citizens. Lessons for those who try to pull strings and drop names!” reads his post.

Richard Teng, the newly appointed CEO of Binance, has faced a challenging debut during his first public interview. 

By Anton Bridge

(Reuters) — The global wind power sector will add less capacity in the next decade than previously expected due to financial trouble in the U.S. offshore wind industry and sluggish approval and project execution in China, consultancy Wood Mackenzie said on Tuesday.

Stock market today: Tata Power shares have been in continuous uptrend after ushering into the new financial year 2023-24. Tata Power share price bottomed out at around ₹185 apiece levels at the end of March 2023. Since, then it has been climbing new highs on a regular basis.

Mint. The rural and semi-urban India focussed Mahindra Finance is keeping a sharp eye on its margins as it looks to building a prolific, diversified financial services business, Raul Rebello, MD & CEO designate told Mint in an exclusive interaction.

₹1,200 apiece on NSE, a premium of 140% to the issue price of ₹500 per share. This was the best listing in the Indian stock market since November 2021.

SBI Cards and Payment Services Ltd. traded at Rs 749.8 on BSE at 12:58PM (IST) on Wednesday, up 0.21 per cent. The stock quoted a 52-week low price of Rs 690.9 and a high of Rs 932.35.

Angel One share price spiked over 10% to hit a 52-week high on Wednesday after the stock broking company posted an upbeat monthly business update registering a sharp 51% year-on-year (YoY) rise in its client base during November. Angel One shares rallied as much as 10.33% to a fresh 52-week high of ₹3,246.00 apiece on the BSE. In a regulatory filing, Angel One reported a 51.3% YoY increase in its client base at 1.85 crore in November 2023 from 1.22 crore in the same month last year.

visa policies for nearby international destinations have fueled a surge in airfares, impacting travel choices. Popular and easily accessible destinations like Thailand, Sri Lanka, and Malaysia have become visa-free for Indian travelers, leading to a spike in demand and subsequently driving airfares to new highs. Almost all international airlines, with the exception of the United States, have fully resumed connections to India. Indian carriers have also increased flights abroad for the winter season, resulting in more competitive airfares to distant European and North American destinations. According to a TOI report, the Delhi-Phuket economy return this Christmas starts at Rs 50,000, significantly higher than the average of Rs 30,000 a few months ago. In contrast, Delhi-London flights begin at Rs 70,000, a notable reduction from the Rs 90-95,000 range seen during the summer. “In comparison to last year, all international airlines are now operational for routes like Delhi-Dubai, or Saudi and to London, hence airfares for these sectors are down by about 20-25%. On the other hand, airfares for popular Southeast Asian destinations like Vietnam, Thailand and Malaysia have more than doubled in comparison to last year for this period,” a spokesperson for travel portal Yatra told TOI. Anil Kalsi, Vice President of the Travel Agents Federation of India, told TOI that there is a «serious» demand for both domestic and international destinations this winter, with Southeast Asia being particularly popular. The visa-free status has made a significant impact, with destinations like Thailand witnessing a doubling of Indian tourist arrivals after granting visa exemption from November 10, 2023.

frauds, as per reports. These websites, as per an official statement, were operated by overseas individuals. Also Read | QR code scams: How to identify and be safe from such tricks The Indian Cybercrime Coordination Centre (I4C), a unit of the Union Home Ministry's vertical National Cybercrime Threat Analytics Unit (NCTAU), identified and recommended the blocking of these websites last week.

Nifty50 has been on a bull run, hitting record high for the fourth straight session on the back of stellar GDP growth in the September quarter, foreign investors inflows returning to Indian equities, stabalising dollar and yields, and hopes of a rate cut sooner than anticipated. Moreover, state election results indicating a very high probability of policy continuity also aided the sentiment. Indian markets also saw a strong rally in November, rising 5.5 percent after a weak October following strong global cues as the risk of worst-case scenarios reduced both internationally and in India.

Page Industries Ltd. rose 1.24 per cent to Rs 37266.3 in Wednesday's trade as of 10:20AM (IST) even as the benchmark Nifty ruled at 20912.15, up 57.05 points. The scrip had closed at Rs 36807.75 in the previous session.

Marico Ltd. rose 1.5 per cent to Rs 544.5 in Wednesday's trade as of 10:25AM (IST) even as the benchmark Nifty ruled at 20898.95, up 43.85 points. The scrip had closed at Rs 536.45 in the previous session.