Cycling Financial News

YSRCP chief and Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy on Wednesday called on people to vote for his party for jobs and welfare measures to continue. The YSRCP chief gave this call at Piduguralla village in Palnadu district during a public meeting as part of his 'Memanta Siddham' (we are all ready) electioneering bus tour. «Vote for 'fan' (YSRCP symbol) for jobs and welfare measures to continue, not a rusty cycle (TDP symbol),» said Reddy. According to Reddy, the YSRCP government provided 2.31 lakh jobs and alleged that the erstwhile TDP government had only provided 32,000 jobs and added that the state topped the ease of doing business rankings in India thrice.

₹100, indicating a potential upside of over 15 percent from today's (April 10) closing price of ₹84.71. "IDFC First Bank has built a well-rounded platform, arguably among the most improved deposit franchises. Operational efficiencies will play out from H2FY25, and over FY24-27 strong deposit growth will aid loan growth that should aid 28 percent EPS CAGR even as credit costs rise.

«In addition to the benefits offered in the form of rewards or cashback, Rupay credit cards will also be enabled for UPI payments, making digital transactions more convenient for cardholders. However, linking credit cards to UPI is an added advantage and should not be the sole deciding factor for card selection. Consumers should consider the overall value-back offered in their preferred spending category before choosing a card. Linking credit cards to UPI certainly makes digital payments easier for the user; however, it could also increase the risk of overspending. Hence, cardholders must monitor their purchases regularly and spend only as much as they can afford to pay back on time,» explains Rohit Chhibbar, Head of Credit Cards Business, Paisabazaar. Also read: RuPay credit cards on UPI in HDFC Bank, ICICI Bank, SBI and others: Annual fees, interest rate, key features

Chirag Negandhi, MD of JM Financial Limited. In an interview with Shilpy Sinha, he said that the market trajectory will increasingly hinge on the election manifestos, which will outline the broad policy direction for the upcoming term. On recent RBI action, the group is committed to regulatory compliance and is cooperating with the regulations, Negandhi said. Excerpts: Recently RBI has barred JM Financial from doing any financing against shares and debentures. How do you respond? I would like to reiterate that as a group we take all regulatory matters with utmost importance and are committed to cooperating with the regulators.

S Somnath on Wednesday that the upcoming phase of the Chandrayaan project is in progress, aiming to advance India's lunar exploration efforts. He indicated that Chandrayaan-4 marks the initial stride towards India's aspiration of landing an astronaut on the moon by 2040. Addressing a press conference, Somnath said, “Chandrayaan-4 is a concept that we are now developing as a continuation of the Chandrayaan series...our honourable Prime Minister has announced that an Indian will land on the moon in 2040.

Wednesday's hotly anticipated Consumer Price Index (CPI) is at the top of most investors' minds as they tweak expectations on the timing and extent of the Federal Reserve's rate-cutting phase, following robust economic data such as last Friday's blockbuster employment report.

Bank of Canada readies for its interest rate decision on Wednesday, experts say.The spring housing market, which kicks off in March, is typically one of the busiest times of the year for home buyers and sellers in Canada.So far, the spring housing season is a “mixed picture,” according to RBC assistant chief economist Robert Hogue, as the Bank of Canada’s benchmark interest rate remains high and boxes out some prospective buyers.Preliminary data from local housing boards show some western markets, particularly in Alberta, saw a strong uptick in home sales in March. In Toronto, housing activity has declined for two consecutive months.Average home prices are meanwhile ticking up in some regions including the GTA after a correction in the market tied to the central bank’s rate tightening cycle over the past few years.“In some parts of the country, that recovery seems to be relatively robust,” Hogue tells Global News.

The first wave of trials will involve 10 market participants, six market DLT operators and five central banks, carrying out tests involving actual settlement in central bank money and experiments with mock settlement in a test environment.The use cases mainly explore the securities settlement cycle, such as delivery-versus-payment, secondary market transactions and lifecycle management of securities. Other options under consideration are related to cross-border payments, such as payment-versus-payment.Deutsche Börse’s post-trade business Clearstream is part of the operation through its digital post-trade platform D7, which has been boosted with DLT capabilities. Jens Hachmeister, head, issuer services and new digital markets, Clearstream, says: “Clearstream’s participation in the ECB trials is a significant milestone in our digitisation journey: we are expanding our D7 digital securities infrastructure with DLT components and fostering connections with the main digital payment solutions across the Eurosystem.

Specifications of E MOTORAD - RIDE THE ELECTRIC REVOLUTION Youth X1 Mountain Electric Cycle: The E MOTORAD - RIDE THE ELECTRIC REVOLUTION Unisex X2 Mountain Electric Cycle in Warm Red epitomizes modern mobility with its blend of power and convenience. Boasting a 16-inch frame, front suspension and a robust 250W motor, it effortlessly navigates diverse terrains. The 7.65Ah Li-Ion removable battery ensures prolonged rides, while the LCD display provides essential information.

Kotak Alternate Asset Managers Limited announced that its iconic fund has successfully raised Rs 2,000 crore. Kotak Iconic Fund, an open-ended fund, has been conceptualised as an equity multi-advisor portfolio solution. The fund has maintained a flexible approach by adopting diversified active and passive strategies across market capitalisation and tactical allocations, according to the press release. Kotak Iconic Fund solves this with its disciplined framework-based investing and risk management to deliver a smooth investing journey.

Breakout stocks: Amid Bank nifty index rising for the four straight sessions, four banking stocks listed in the index have given breakouts either on a closing basis or daily. According to stock market experts, those four breakout stocks listed in the Bank Nifty index are HDFC Bank, Kotak Mahindra Bank, ICICI Bank, and IndusInd Bank. They said that the market has taken an interest rate cut cue from the RBI monetary policy as the RBI Monetary Policy Committee is waiting for the US Fed to initiate a rate cut.

A senior government official told ET the plan is to roll out the labour codes from the beginning of the next fiscal year on April 1, 2025, to sync it with the business cycle. “However, it is important to come up with the rollout plan in advance so that enterprises get enough time to prepare for the changes that will come in with the codes,” the official said. The government has already begun working on possible challenges and is deliberating on how to monitor implementation.

retirement goals and how one is doing against the budget or plan set out for each of these items is a good place to be in. It requires discipline, consistency and ongoing calibration. Depending upon surplus income, time horizon, liquidity requirement, risk & reward appetite, one can choose to be in either traditional investment options (like bank accounts, deposits, bonds, etc) or in mature products (like mutual funds, stocks, ULIPs, PMS, REITs, etc) or any combination from the above.

Cognizant Technology Solutions has postponed its annual salary increases for this year by four months to August, the Economic Times reported. It is now scheduled to implement them for eligible employees from August 1, the paper said citing two sources. Last year, the company, listed on Nasdaq, had granted salary hikes to its employees in April.

Bitcoin (BTC) halving is expected later this month but a confluence of factors is likely to set the cryptocurrency’s fourth such event apart from prior occurrences.

RBI) Friday maintained policy interest rates and its monetary stance for the seventh straight review meeting citing an uncertain food prices trajectory and the elbow room provided by robust economic growth, thus pushing back the start of a much-anticipated rate easing cycle while extending a status quo to at least 16 months. India is probably a positive outlier in the world hobbled with economic challenges, offering Mint Road the opportunity to further consolidate its war on inflation that has been restrained over the past few quarters from leaping. However, risks to price stability have not entirely receded into the background, said RBI Governor Shaktikanta Das, after the first policy review meeting in the new fiscal year.

Eid Al-Fitr after the crescent moon sighting, it is expected that the festive day will be delayed in the US. As per reports, due to the total solar eclipse on April 8, there is a chance festive spirits of Eid will be delayed. For people across the world, and particularly in the US regions, Ramadan this year began on Sunday, March 10, with fasting beginning next day. Fasting typically lasts almost 30 days making the Eid celebrations fall on either Tuesday, April 9 or April 10.

IT services giant Cognizant Technology Solutions has deferred its annual salary hikes this year by four months. It now plans to roll them out to eligible employees from August 1, two people confirmed to ET. Last year, the Nasdaq-listed firm had given hikes to employees in April1.

Hardik Pandya and Rohit Sharma hugged each other during the team-building exercise and both players discussed the plans for the upcoming match against Rishabh Pant-led DC. Mumbai Indians lost their opening match against Gujarat Titans by 6 runs, then came a high-scoring match against Sunrisers Hyderabad, which the Hardik Pandya-led side lost by 31 runs.

Bank of India’s foreign exchange reserves touched a new record high of $645.58 billion in the week ended March 29, topping the previous high of $642.49, latest central bank data showed. Forex reserves increased by $2.9 billion in the week ended March 29, primarily driven by the central bank’s foreign currency assets that rose $2.3 billion to $570.61 billion during the week. “We have been consciously building reserves over the past four five years as the market moves prevailing upon the market situation,” said central bank governor Shaktikanta Das at the post-policy media briefing Friday. “That effort continues because it acts as a buffer against future risks especially in situations when the cycle turns and there is significant outflow of dollars”

bank will continue to accumulate foreign exchange reserves even though it is at an all-time high as it looks to strengthen its position to counter volatility due to spillovers. India’s foreign exchange reserves stood at a record $645.6 billion as of March 29. “We have been consciously building reserves over the past four five years as the market moves prevailing upon the market situation,” said central bank governor Shaktikanta Das at the post-policy media briefing Friday. “That effort continues because it acts as a buffer against future risks especially in situations when the cycle turns and there is significant outflow of dollars”