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Red Sea shipping force them to find alternate routes, logistics firms say, a potential boon for a sector dealing with muted post-pandemic demand and overcapacity. The Red Sea, which leads to the Suez canal, lies on the key east-west trade route from Asia's manufacturing hubs to Europe and onto the east coast of the Americas. About 12% of world shipping traffic accesses the Suez Canal via its waters.

It has been revealed that Bitfarms, a Bitcoin mining company that is vertically integrated and works on a global scale, has released its financial report for the month of December 2023. During the course of this month, the company produced 446 BTC, which is a generation that is 13.8% more than the output that was produced in November. This jump was attributed to strong uptime and a significant increase in transaction costs, despite the fact that there was an increase in the number of problems with the network. There was a correlation between the spike and both of these elements.

As we step into the year 2024, the blockchain technology landscape continues to evolve, with significant contributions from pioneering layer 2 companies like Scroll. Co-founder Sandy Peng, through a recent Twitter update, has outlined Scroll's ambitious technical roadmap for the year, highlighting their commitment to making blockchain technology more accessible, secure, and decentralized.

Life Insurance Corporation of India (LIC) on Wednesday left State Bank of India (SBI) behind in market capitalisation to become India's most valued PSU stock. LIC shares rallied over 3% to a fresh 52-week high of Rs 919.45 taking its market value above Rs 5.75 lakh crore-mark. On the other hand, SBI's market cap was around Rs 5.65 lakh crore in the morning session. Last month, the finance ministry had exempted the PSU insurer from complying with 25% minimum public shareholding (MPS) norms till 2032.

Winter for the general engineering R&D (ER&D) space is over and spring may be around the corner, said the management of L&T Technology Services (LTTS) in its Q3FY24 earnings call. This optimistic outlook, the company believes, is not limited to LTTS but extends to the broader industry. A bold statement, despite prevailing global economic uncertainties and a cautious stance from top-tier IT companies regarding near-term demand.

BSE on Wednesday, January 17, a day after the company reported its December quarter results. HDFC Bank share price opened at ₹1,583.85 against its previous close of ₹1,678.95 and soon cracked 6.5 per cent to hit the level of ₹1,570. HDFC Bank on Tuesday reported a 33 per cent jump in its net profit at ₹16,372 crore in Q3 of FY24, as compared to ₹12,259 crore a year ago.

HDFC Bank, India's biggest by market value, kicked off third-quarter earnings for banks with a 34% on-year rise in net profit, underpinned by strong growth in retail loans and fee incomes. The bank, which merged its mortgage-lending parent into itself last year, is focused on mobilising deposits that have lately trailed credit growth. Bank Deposits Climb 28% YoY The Mumbai-based lender's December quarter net profit rose to ₹16,373 crore, from ₹12,259 crore a year earlier, with the retail segment in the lead. Analysts polled by Bloomberg had forecast net profit at ₹15,760 crore. Total deposits, a key monitorable for the bank after the merger with HDFC, climbed 28% on year, but were still slower than the 62% rise in total advances.

₹10 per litre next month. This development came as their profits are expected to hit a record ₹75,000 crore in the third quarter, despite falling crude oil costs, according to a report by Hindustan Times.

After announcing its fourth quarter results last week, Bank of America is due to announce its bonuses next week and when it does, there may be disappointment. Bank of America could benefit from disappointing a few people; they won't leave. 

It turns out that JPMorgan wasn't the only one trimming jobs in the fourth quarter. Goldman Sachs was doing it too.

A report released by Echelon Tuesday forecasts M&A activity will be flying high well into 2024.

The Consumer Financial Protection Bureau is expected to propose rules this week that further rein in banks’ ability to charge customers a fee when they overdraw their bank account

By Nate Raymond and David Shepardson

By Siddharth Cavale

₹10 crore, it has two radio signals—a Localizer that offers left or right guidance, and a Glide Slope for up or down signals. Airports typically apply the Category II (CAT-II) procedure for flights and pilots when visibility is 275-550 metres, and CAT-III below 275 metres, down to 50 metres. Only CAT-III B certified pilots can land when the visibility is about 50 metres.

Clix Capital, one of India's fastest-growing new-age NBFCs, have entered into a strategic digital co-lending partnership through Yubi Co.lend Platform. This partnership is focused on providing loans to the Indian MSME sector which is one of the biggest contributors to India's GDP and employment growth.

₹200) per device," said Parag Naik, chief executive of Saankhya Labs. “Our plug-and-play dongle, which will also support D2M broadcasts, is already being marketed in the US, and we’ll bring it to India in about six months to one year at around ₹600-800," Naik added. Saankhya’s plans, at present, remain at a very nascent stage, and will hinge upon talks of the Centre backing a pilot D2M broadcast in the coming months.

Statistics Canada says the annual rate of inflation accelerated to 3.4 per cent in December, thanks to gas prices and still sticky price hikes at the grocery store.

NEW DELHI : India plans to announce an extension to Prime Minister Narendra Modi's flagship federal housing scheme in next month's budget and an increase in available subsidies for low-cost housing loans, three sources said, ahead of elections this year. Finance Minister Nirmala Sitharaman, who will present an interim budget on February 1, is likely to raise allocations for low-cost housing by more than 15% to ₹1 trillion ($12 billion) for 2024/25 from ₹79,000 crore in the 2023/24 budget, two of the government sources said.

Goldman Sachs’ profits jumped 51% from a year earlier, the investment banks said Tuesday, helped by the strong returns in the overall market in the last three months of the year

Some people may want to fast-track their savings because they have early retirement goals or want to catch up after a period of not saving as much as desired