Consequences Financial News

Fear sells.

Mint in a recent interview that foreign investors are keen on India especially at a time of slowing global growth. But they want to have access to all the information needed for calculating the costs and rate of return on their investment before making a decision. Stephenson’s point is that the return on investment has to be higher than the cost of capital.

JSW Steel on Tuesday said its arm Periama Holdings LLC (Periama) has completed the acquisition of JSW USA by purchasing the remaining 10 per cent stake in its «common stock». Periama Holdings LLC (Periama) is a wholly-owned subsidiary of domestic player JSW Steel.

Suraj Estate IPO: The initial public offering (IPO) of Suraj Estate Developers Limited has opened on Monday, December 18 and it will remain open till 20th December 2023 i.e. till Wednesday this week.

air quality at offices could negatively impact the creativity of workers, according to a new study. Researchers at the Nanyang Technological University (NTU), Singapore, found that the 87 study participants, all undergraduate and postgraduate students, produced creative output with lower scores when there were high indoor levels of volatile organic compounds, including gases released from products such as detergents, perfumes and paint. They further found that lowering total volatile organic compounds (TVOC) levels in a room by 72 per cent could improve a student's creative potential by 12 per cent. They have published their findings in the journal Scientific Reports. «This could have serious consequences for industries that rely on creativity for the bulk of their work. »For instance, artists often use paints and thinners that release high levels of volatile organic compounds and may not know they need adequate ventilation to clear them from their workplace," said lead researcher Wan Man Pun from the School of Mechanical & Aerospace Engineering, NTU. For the study spanning over six weeks, the researchers recruited undergraduate and postgraduate students in a controlled environment depicting an indoor workspace. Every week across three 40-minute sessions, the participants read a summary of a global issue such as climate change, mental health, and poverty and then offered a solution by building a 3D model using LEGO bricks. The students were then asked to produce a written description and explanation for their models.

loans increasing from 15% to 25% in the past decade. The dynamic regulatory environment poses manageable challenges, and new product offerings are expected to shape the business mix. While the RBI's directives on unsecured consumer credit may impact capital, the sector remains resilient, with an anticipated 14% growth in the next two years. NBFC AUM is projected to grow by 16-18% in FY24 and 14-17% in FY25 and cross the INR32t mark by Mar’25. Unsecured loans are expected to constitute 12-14% of the NBFC AUM, with a growth rate ranging from 14-17%, reflecting a slight moderation due to recent regulatory interventions. The performance of NBFCs remains robust, characterized by a higher PCR for stage 2 and stage 3, low leverage, and a strategic readiness for broad-based growth. The NBFC sector is witnessing a notable diversification, with 55% of companies exploring new product segments. Co-lending partnerships are expected to grow, and NBFCs are actively seeking funding diversification through bonds and securitization. The retail consumption book is a significant contributor and retail demand in secured and unsecured segments has strengthened, with an increased market share. Asset quality appears robust and is anticipated to remain fundamentally strong as signs of stress are limited and there are declining trends in Stage 2 loans. Profitability is expected to remain steady, backed by stable credit costs and operating expense ratios, indicating a positive outlook for the financial performance of NBFCs. Spandana Sphoorty: LTP Rs 1052| Target Rs 1200 The new management has successfully navigated various disruptions and consequent asset quality stress. We estimate Spandana to deliver FY26 RoA/RoE of 4.4%/17%, aided

MEXICO CITY (Reuters) — Mexican poultry farmers warned of consequences to international trade on Monday and called on their government to intervene after the U.S. closed two rail bridges in Texas to stem a surge in migration.

Arweave founder Sam Williams has taken to X to allege storage solution company Irys has plans to fork his decentralized information storage firm.

This was met by a sense of déjà vu among delegates of the Alliance of Small Island States (Aosis), an intergovernmental organisation representing the nations most vulnerable to climate change. In her post-summit statement, Aosis lead negotiator Anne Rasmussen expressed confusion that the UAE Consensus, COP28's final agreement, was approved when representatives from small island developing states (or Sids were not in the room. While some delegates hailed the consensus as «beginning of the end» of the fossil fuel era, Aosis countered that the document contained a «litany of loopholes» which did little to advance the key actions needed to stave off climate breakdown and deliver justice to islands and low-lying states facing the gravest consequences of the climate crisis. Aosis member states came to COP28 to build on the momentum of their victory in the final moments of COP27 a year earlier in Egypt, when delegates agreed to establish a loss and damage fund which would pay developing nations for the unavoidable and extreme consequences of climate change. The group had fought over 30 years in climate negotiations for this fund. Additionally, Aosis identified fundamental areas required to save Sids from impacts such as sea-level rise, desertification and climate migration.

Nifty on Monday ended 38 points lower to form a Bullish Harami candle on the daily chart. The index made lower tops and also closed below the 20-day moving average. “We believe that the markets have taken a breather after the sharp rise seen last week. So any corrections are likely to be short-lived and can be utilised to buy into quality stocks. Immediate resistance is now at 21,483,” said Subash Gangadharan, senior technical and derivative analyst at HDFC Securities. On the hourly charts, RSI indicator saw a bearish crossover within the oversold zone, hinting at a waning bullishness in the market, analysts said. OI data showed that on the Call side, the highest OI observed was at 21,500 followed by 21,600 strike prices while on the Put side, the highest OI was at 21,300 strike price. On the other hand, Bank Nifty has support at 47,650-47,500 while resistance is placed at 48,100 and 48,200 levels. What should traders do? Here’s what analysts said:

The press is reporting that the Biden Administration is contemplating the use of military force in response to continuing attacks on commercial shipping by the Houthi militia in Yemen. It’s about time. The Houthi missile attacks pose the most significant threat to global shipping in decades, and they will continue unless a global coalition unites to stop them.

fire-charred decade. In polls of 12 rich countries by Pew, an American think-tank, the share of respondents who said it was a “major threat" rose in every country except South Korea, where it was already high (see chart 1). Clear majorities everywhere bar Israel agreed with this description.

Bonus shares 2023: The board of directors of Salasar Techno Engineering Ltd is soon going to consider issuance of bonus shares to its eligible shareholders. The telecom infra company has informed Indian stock market bourses that its board of directors will consider and approve proposal for bonus shares in its meeting scheduled on 20th December 2023 i.e.

Former Michigan gubernatorial Tudor Dixon discusses the consequences of labor strikes and the first GOP debate on The Big Money Show.

MUMBAI : Pushed back by a lull in private sector investments, India’s state-owned banks continued to lose market share in loans to private rivals, showed data from the Reserve Bank of India (RBI). The loss in market share was visible in deposits too. The share of public sector banks in deposits shrunk 119 basis points (bps) between March and September 2023.

What is the structure and scope of the new L&D Fund? An exclusive L&D Fund was formed in the dying hours at COP27 in Sharm el-Sheikh as SIDS, Africa and other developing countries insisted upon a dedicated corpus to aid developing countries reeling under climate change-induced extreme weather and slow onset events. Though the fund was formed, decisions on its structure, scope and character were left for Dubai. A transitional committee constituted to shape the fund made recommendations after multiple meetings over the past year.

By Chiradip Bandyopadhyay

Barbie film makes its streaming debut on Max, a whirlwind of controversy and backlash has accompanied the candy-pink blockbuster. Originally, a theatrical sensation in July 2023, Barbie transcended expectations, evolving into a nuanced commentary on patriarchy, legacy, and the complexities of womanhood in the contemporary era.

Svalbard archipelago in the Arctic, but snowmobile excursions to see them have come to a halt since the war in Ukraine. «We used to work with Russian permafrost scientists and hydrologists in the Barentsburg region. This doesn't happen now,» the British scientist told AFP. «We're sad that we can't use this basis for collaboration, but we're not at all happy with the actions of the Russian government, obviously,» he said at his office at Longyearbyen University in the archipelago's capital. Although a part of Norway, the islands have long had a strong Russian presence.

Lupin have recalled their products in the US market over manufacturing issues, as per the US Food and Drug Administration (USFDA). Mumbai-based Sun Pharmaceutical Industries is recalling 96,192 bottles of Liothyronine Sodium Tablets in the US that are used to treat an underactive thyroid. The company is recalling the lot due to "failed impurities/degradation specifications", the USFDA stated.

small-cap stocks. Small-cap stocks represent companies with relatively smaller market capitalization, often in the early stages of growth. While they carry higher risk due to their size and volatility, they also present the potential for substantial returns.