Cover Financial News

Planning for retirement is a crucial aspect of one's financial journey, and selecting the right investment instruments to build a solid retirement portfolio is no easy task. Amongst the various options available, Unit Linked Insurance Plans (ULIPs) have gained significant popularity in recent years. ULIPs offer the dual benefit of insurance coverage and investment opportunities, making them an intriguing proposition for retirees.

Fedbank Financial on Thursday got listed with a discount of 1.6% on BSE on debut at the bourses on Thursday. The stock was listed at a premium of Rs 137.75. Meanwhile, on the NSE the stock was listed at Rs 158, down 1.4%. The IPO, which was priced in the range of 133-140, received subscription demand twice the shares on offer. «Despite the company's strong track record of growth and profitability, along with its diversified customer portfolio and focus on providing affordable financial solutions to underserved and unbanked segments, the lack of enthusiasm among investors is striking,» said Shivani Nayti of Swastika Investmart. Net proceeds from the fresh issue will be utilised towards augmenting Tier–I capital base to meet its future capital requirements, arising out of the growth of business and assets.

The pilot will address around 20,000 work visa renewals, or almost a tenth of the estimated 583,420 H1-B visa holders. The programme, which was proposed in February and formally announced in September during prime minister Narendra Modi’s US visit, will commence in December.

Sri Lanka says it has reached an agreement in principle with a group of creditors including India and Japan on debt restructuring

In Colorado, President Joe Biden has said Rep_ Lauren Boebert was wrong to describe his policies as “a massive failure."

The United Auto Workers union has announced plans to try to simultaneously organize workers at more than a dozen nonunion auto factories

It has been an interesting two years since the S&P500 struck its all-time high at $4818 on January 4, 2022. Although the Bears feel pretty beat up by now and the Bulls invincible (the latest weekly AAII reading stands at only 24% Bears and a whopping 45% Bulls) remember the Bulls have so far been the losers. So, if you are a Bear and have lost money, please examine your entry and exit strategies. Namely, this has been a tough market for everyone, as many probably sold longs and/or covered shorts too late. Market participants have been so conditioned to trending markets since at least 2009 and possibly as early as 1974 (!) that many have forgotten, or may never have experienced, that sideways is an option, too. The main winners since the ATH are those who stayed nimble, took (partial) profits, and raised stops prudently.

Dr. Death" on December 21, 2023, featuring Mandy Moore and Edgar Ramírez. The crime drama anthology explores the unsettling tale of Swiss-Italian surgeon Paolo Macchiarini, portrayed by Ramírez, known as the «Miracle Man.» The official trailer delves into Macchiarini's seemingly groundbreaking work and the trust placed in him by his patients. The chemistry between Ramírez and Moore is evident, with Moore's character, Benita Alexander, growing suspicious of the surgeon's actions. The season focuses on Macchiarini's innovative yet questionable operations, revealing a dark side characterized by research fraud and experimental surgeries. Benita Alexander, an investigative journalist portrayed by Moore, initially covers a story on Macchiarini, leading to a shift from professional to personal involvement that will alter her life permanently. As the story unfolds, viewers witness Macchiarini's desperate attempts to protect his secrets, drawing the attention of doctors from across the globe who uncover his hidden activities. To provide additional insight into the real-life events, Peacock plans to release a 90-minute companion documentary, «Dr. Death: Cutthroat Conman,» on the premiere day. This move is applauded for shedding light on the true story behind the chilling narrative. The anthology series is adapted from the Wondery Podcast, with the third season focusing on Macchiarini's story and the first season centering around Dr. Christopher Duntsch, the subject of the inaugural «Dr. Death» season on Peacock. Duntsch, convicted of malpractice resulting in the maiming of 38 patients, received a life sentence in 2017.

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

By Foo Yun Chee

JSW Infrastructure on Wednesday said it has signed an agreement with the Karnataka government to develop a Rs 4,119 crore greenfield port project in the southern state. The agreement has been signed between its subsidiary company Masad Infra Services Pvt Ltd and Karnataka Maritime Board, JSW Infrastructure said in an exchange filing.

The position of women in the urban job market improved further in the second quarter of FY24, with the female labour force participation rate rising to 24% compared with 23.2% in the previous quarter and 21.7% in Q2FY23, showed government data released on Wednesday. The unemployment rate, although higher than men, declined below the 9% mark in Q2FY24 for the first time in over three years, according to the Periodic. Female urban unemployment fell to 8.6% in Q2FY24 compared with 9.1% in the previous quarter. The overall unemployment rate remained unchanged from the previous quarter at 6.6%, as the male unemployment rate rose to 6% from 5.9% in the previous quarter. The Indian economy is likely to have slowed down in the second quarter, growing 6.7% according to the median of an ET poll.

anime is set to hit screens in 2024. The coming year promises a diverse array of stories, characters, and adventures, from the intense academic setting of Classroom of the Elite to the supernatural battles in Blue Exorcist. Here's a sneak peek into some of the most awaited films and series that are going to launch in 2024:

Soccer superstar Cristiano Ronaldo is facing a proposed class-action lawsuit for promoting crypto exchange Binance.

The growing concern over the surge in pneumonia cases in China and the anticipation of a potentially more formidable virus than COVID-19, as predicted by medical experts, have prompted individuals to reassess their decisions regarding health insurance. An increasing number of individuals now recognize the significance of possessing sufficient health insurance coverage. 

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

cabinet on Wednesday approved the Terms of Reference (TOR) for the sixteenth Finance Commission to recommend the tax distribution between the Union and the States of the net proceeds of taxes, on the measures needed to augment the resources of local bodies and to review the present arrangements on financing Disaster Management initiatives. «The selection of chairman and members will happen soon and the detailed terms of reference will be issued later,» a senior official told ET. The commission once constituted, will give its report by October 31, 2025. The Finance Commission is a constitutional body that determines the method and formula for distributing tax proceeds among the Centre and states. It suggests distribution of taxes and grants and works based on the terms of reference set by the finance ministry for a five-year period, after being approved by the centre. The recommendation of the sixteenth Finance commission will be valid for five years, from April 1, 2026 to March 31, 2031. The Fifteenth Finance Commission was constituted on November 27, 2017.

cotton farmers to the global level, it said on Wednesday. “We are trying to gradually raise the productivity of Indian cotton farmers from the average 450 kg per hectare to global levels of 1,500-2,200 kg per hectare,” said Rachna Shah, textile secretary. The evaluation of the study, which started last year and covers 15,000 farmers across ten major textile-producing states, will be available in January 2024. The ministry noted that it will be featuring more such innovations at the 81st Plenary Meeting of the International Cotton Advisory Committee (ICAC), which will be held in Mumbai from December 2-7. The ministry pointed out that the focus for the conference hosted by India, after nearly eight years, will be on local innovations and cutting-edge technologies which can have global implications for the cotton value chain. The ministry also plans to launch India’s premium cotton, “Kasturi cotton”, at the inter-governmental event featuring participants from 28 member countries and seven invitee countries. “ICAC will be a platform to present Kasturi cotton before the global audience.

Hinduja Group came under an Income Tax survey on November 29, news agency PTI reported. The survey operation was carried out in the said entities located in Mumbai and some other cities, the report said citing official sources. The income tax survey operation is reportedly part of a tax evasion investigation. Under the income tax law for survey operations, only office premises were covered, reports said. An email sent by PTI to the Hinduja Group did not elicit an immediate response. According to sources cited by PTI, the income tax department action is also connected to provisions of the General Anti-Avoidance Rules (GAAR). Hinduja Group owns IndusInd Bank, Hinduja Leyland Finance and Hinduja Bank (Switzerland). The group is currently diversifying and is readying plans to make forays into new tech, digital and fintech. According to the group, this is part of its new phase of growth.

Algosone.ai is an up-and-coming new AI-based trading bot that uses natural language processing models and its own deep learning algorithms to offer a completely hands-off trading solution.

By Julie Zhu and Zhuzhu Cui