Consequences Financial News
11.12 / 08:21
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Should you prepay home loan or invest money? MintGenie explains
There is a strong possibility that the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will maintain a hawkish position on the repo rate in December 2023. The existing fixed repo rate of 6.5 per cent in India has resulted in a standstill in home loan rates, posing a dilemma for numerous borrowers regarding whether to prepay their loans or persist with their investment strategies.
11.12 / 08:19
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consequences
LIC Housing Finance shares gained 63% in last nine months; is there more upside left?
LIC Housing Finance, one of India's largest housing finance companies (HFCs), has witnessed a robust surge in its shares, yielding a remarkable 63% return over the past nine months. The stock gained momentum in March after a sluggish start in the first three months of CY23. In the previous trading session, it jumped 5% to record a new 52-week high of ₹544 apiece.
11.12 / 08:09
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Centre
Centre to review imported coal blending norms next month
New Delhi: Amid a consistent rise in power demand and inadequate domestic coal supplies, the Union power ministry is set to review its current policy of mandating power generation companies to blend 6% imported coal. The review, likely in January, will determine whether to continue the blending requirement beyond March and consider increasing the blending percentage in response to growing demand and fluctuating coal stocks, said two people in the know of the development. "The coal stock position and demand situation would be looked into and if the demand seems to be rising, the blending quantum may even be increased," said one of the persons on condition of anonymity.
11.12 / 07:43
Fox
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reports
US budget gap is $47 billion more than previous year: report
Rep. Tim Burchett, R-Tenn., discusses the consequences of Kevin McCarthy's removal as House Speaker ahead of the next budget deal on 'Cavuto: Coast to Coast.'
10.12 / 06:03
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Strategy
Experts
consequences
shock
7 investing mantras by Nassim Nicholas Taleb that make him an outlier in the world of investments
risk management. Renowned works such as “Fooled by Randomness", “The Black Swan", “Antifragile", and “Skin in the Game" have attained cult status, attracting investors and individuals keen on unravelling the intricacies of randomness and uncertainty. As of November 2023, the net worth of this prolific author, who has also served as a professor in numerous universities, is approximated to be around $2 million.
09.12 / 16:31
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performer
consequences
Howard Levitt: This employer misplayed a dismissal so badly that it should serve as a guide for everyone
This is the story of a well-intentioned Manitoba employer whose instincts failed it at every turn. It took a promising defence and, through a series of common errors, ensured that it could not succeed.
09.12 / 02:39
Provident
Digital
Platform
voice
consequences
information
isolate
GenWise leaps into the AI realm by introducing India’s inaugural companion for seniors
digital independence. As evident from its name, GenWise caters to the wise men and women of a generation willing to share its wisdom but crave companionship. In this fast-paced world where human companionship is nothing short of a luxury, the launch of the GenWise app bodes well for Indian elders for their daily needs.
08.12 / 22:55
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CEO
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hospital
consequences
Planning ethos shaped by grandfather’s health crisis
Troy Sharpe, CEO of Oak Harvest Investment Services, says his interest in investments — and in retirement planning in particular — took root in his childhood. Having been raised by his grandparents, he witnessed his grandfather’s health crisis, which occurred shortly after he stopped working.
08.12 / 20:21
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Fox
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Updates
Door Dash updates tipping policy after NYC passes minimum wage law
Check out what's clicking on FoxBusiness.com
08.12 / 18:53
Citi
love
song
fun
consequences
gatherings
Steel frame them: Childhood bonds must be treasured
New Delhi as youngsters, some of them even before I was born. They are now scattered all over the world, but the flood of memories posted on the group prove that the many decades they spent away from there have not severed the family-like strong bonds forged in that quiet, tree-lined government residential colony. The invisible but very pervasive «civil service family» network has been one of India's best kept secrets.
08.12 / 16:17
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Mohamed El-Erian: Investors are ignoring signals from the world's most powerful central bank at their peril
Something peculiar is unfolding once again in the relationship between financial markets and the United States Federal Reserve.
08.12 / 15:53
Digital
CEO
Strategy
Solomonic
track
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2024
Morning Coffee: Bank of America traders are having their best Christmas ever. What Wall Street CEOs already hate about 2024
“It’s the most wonderful time of the year (against a very undemanding base for comparison”. Although investment banks, by and large, do not party like they used to, the festive season still means a lot more socialising, difficulty getting calendars in sync and an unwillingness on the part of clients to do anything that might complicate their year end. Consequently, December is a month in which, notoriously, not much happens.
08.12 / 13:39
Citi
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reports
Check how office rental values rose in NCR, MMR, Pune, Hyderabad & other cities in H1 FY24
The first half of fiscal year 2024 remained lacklustre for commercial office space activity across the top 7 cities, with both net absorption and new completions remaining largely stagnant compared to the same period last year. New office supply across the top 7 cities rose by a meagre 5% in H1 FY2024 against H1 FY23, and net office absorption saw a marginal yearly decline of 1% in this period.
08.12 / 12:55
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Support
Bitcoin: $48k Still in Sight, but Bulls Need to Hold Key $43k Support Zone First
Entering the $40,000 range in its recent upward trajectory, Bitcoin surged to $44,000, surpassing the ascending channel established at the start of 2023.
08.12 / 12:27
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Nifty Auto vs Nifty Realty: Which sector is a better investment bet for long term?
repo rate unchanged for the fifth time today, in the last policy meeting of the calendar year 2023. The Monetary Policy Committee (MPC) of the central bank also retained its stance of remaining focused on “withdrawal of accommodation." Read here: What are subtle hints from RBI monetary policy? 10 experts parse MPC decisions Amid this backdrop and the ongoing positive market sentiment, let's analyse between Nifty Auto and Nifty Realty, which sector has better growth opportunities in the long run. Looking at 2023 YTD, both of these sectors have outperformed the benchmark Nifty.
08.12 / 07:01
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sentencing
‘You’re a predator’: Sentencing hearing for B.C. Mountie who broke trust, pursued teen
A suspended Surrey RCMP officer accused of using his position of authority to engage in intimate relationships with women — both on and off-duty — likely won’t face traditional jail time, a sentencing hearing in B.C. provincial court has heard.
08.12 / 06:59
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Healthcare
hospital
consequences
RBI MPC Meeting: UPI transaction limit for hospitals, educational institutions payments raised to ₹5 lakh
RBI Monetary Policy (MPC) Meet: Reserve Bank of India Governor Shaktikanta Das made two announcements related to the Unified Payments Interface (UPI) in India, one specific and one with broader ramifications for the online payments ecosystem. The first announcement Das said is for "enhancing UPI transaction limit for specific categories" such as payments to hospitals and educational institutions from the current ₹1 lakh to ₹5 lakh. "The limit for various categories of UPI transactions has been reviewed from time to time.
08.12 / 06:35
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Action
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WhaleFin is being sued by Atletico Madrid for unpaid sponsorship
Atletico Madrid, a top-tier Spanish football team, is apparently getting ready to file a lawsuit against WhaleFin, a cryptocurrency exchange located in Singapore, for failing to pay sponsorship money of forty million euros, which is equivalent to forty-four million dollars. Prior to the 2022–2023 season, the club had reached an agreement with WhaleFin covering a period of five years. WhaleFin was going to be one of the primary sponsors of the club, and it was going to be installed. However, Atletico Madrid asserts that WhaleFin violated the terms of the contract by failing to make the payments that were agreed upon when the deal was signed. As a consequence of this, the club is requesting a compensation amount of twenty million euros, which is twenty-two million dollars.
08.12 / 05:39
Gap
consequences
RBI allows reversal of liquidity facilities under SDF and MSF even on weekends, holidays
This new measure will come into effect from December 30 and will be reviewed after six months. The Reserve Bank of India today decided to keep the policy rate unchanged at 6.5% for the fifth time in a row as it maintains a tight vigil on inflation.
08.12 / 05:39
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RBI MPC Meeting: Repo rate unchanged at 6.5%, ‘withdrawal of accommodation’ stance
RBI Monetary Policy (MPC) Meet: The Reserve Bank of India's MPC has kept repo rates unchanged at 6.5 percent, RBI Governor Shaktikanta Das announced on December 8. “The RBI MPC has decided unanimously to keep the policy repo rate unchanged at 6.50 percent. Consequently, the standing deposit facility (SDF) rate remains at 6.25 percent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 percent," Das said.
08.12 / 03:45
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A Supreme Court ruling has given personal insolvency a fresh start in India
₹9.33 trillion were withdrawn before their admission, according to data from the Insolvency and Bankruptcy Board of India (IBBI). The threat of losing ownership has changed the behaviour of debtors, many of which are opting for pre-IBC-process deals to resolve distress. When personal insolvency provisions were introduced in December 2019, personal guarantors challenged the notification at the Supreme Court (SC) in Lalit Kumar Jain vs Union of India.
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