Experts Financial News

The U.S. Federal Reserve’s 50-basis-point interest rate cut on Wednesday is set to have ripple effects north of the border, with experts pointing to implications for both the Bank of Canada and Canadian mortgage holders.

Tamenglong district in multitudes next month, the district authority has rolled up sleeves to protect the raptors during their roosting stint with putting a slew of curbs, including a temporary ban on using air guns. District Magistrate (DM) of the Zeliangrong-Naga dominated district, L Angshim Dangshawa, in his order issued yesterday, asked the people to deposit the weapons to their respective village authorities’ offices. Dangshawa also banned hunting, catching, killing and selling of the falcons, whose size is a little bit smaller than pigeon, with immediate effect.

With over 2 year's experience in finance and the crypto sectors, Jose uses his knowledge and expertise to breakdown complex topics into bitesize content for both beginners and experts.

The Platform 2, the sequel to the dystopian horror hit The Platform. As part of their Geek Week celebrations, Netflix has released a chilling new trailer, giving fans a taste of what’s to come in this follow-up film. With a cast led by Milena Smit (of The Snow Girl), Hovik Keuchkerian (Money Heist), Natalia Tena (Game of Thrones), and Óscar Jaenada (Luis Miguel: The Series), the film promises more suspense, horror, and social commentary, set to hit the streaming platform in just a few weeks on October 4, as per a report by Collider.

Lyle and Erik Menendez Story" will be premiered on Netflix where actor Nicholas Alexander Chavez will be playing the role of Lyle and Copper Koch will be playing the role of Erik. In the role of their parents Jose Menendez and Kitty Menendez, Javier Bardem and Chloe Sevigny respectively will be seen. According to the New York Times, «Monsters: The Lyle and Erik Menendez Story» will be based on the story of two brothers, Lyle and Erik Menendez who were proven to be guilty of killing their parents Jose Menendez and Kitty Menendez while the parents were watching television in their living room. Jose Menendez and Kitty Menendez were found murdered at their mansion of Beverly Hills with multiple wounds of gun shots which were fired from a very close range with probable 120-gauge shotguns, investigation had revealed at that time. Also Read: Birthday bonhomie gone? Prince Harry and Meghan Markle not welcome back by the royals, says expert

joint operation launched by Army along with Manipur Police, that has a potential threat to life and property, was averted when a large quantity of Improvised Explosive Devices (IEDs) was recovered in the hill region of Manipur near Bongjang and Itham villages in Imphal East district. The operation resulted in recovery of seven IEDs, weighing approximately 28.5kg. An army spokesperson said, “Acting on specific information, columns of the Indian Army and Manipur Police acted swiftly and launched an extensive search operation incorporating Army Explosives Detection Dogs. The operation resulted in recovery of seven IEDs, weighing approximately 28.5kg. The IEDs were diffused by experts from Army Engineers. The recovery has prevented a major disaster and saved precious lives”. Manipur witnessed hi tech attacks by drone bombs and rocket propelled bombs. Following the attack by drone bombs and rocket propelled bombs, the security forces have deployed an anti-drone system to repel the rogue drones.

A definitive platform to celebrate soonicorns—a name given to startups on the cusp of becoming unicorns—the summit has a long, illustrious list of industry leaders, policymakers, and industry inside leaders, who will let attendees have a peek into their playbooks for navigating the highs and the lows of the startup ecosystem in India. However, what’s a soonicorn summit without sessions designed exclusively for soonicorns? Bringing together over 15+ speakers across three curated topics, these closed-door conversations promise to take you on a knowledge-sharing tour, with some of the most disruptive players of the Indian startup ecosystem set to share their playbooks.

AGR front is «crucial» for Vodafone Idea and in its absence, the telco could be staring at financial crisis in coming years once the annual spectrum and AGR payments of USD 4-5 billion per annum fall due, CLSA said on Thursday. The brokerage's views come at a time when the Supreme Court has dismissed a batch of pleas filed by companies, including Vodafone Idea and Bharti Airtel, seeking correction of alleged computational errors in the Adjusted Gross Revenue (AGR). «AGR relief is crucial for VIdea (VIL) and we await industry's next steps. In absence of AGR relief, VIdea could face financial crisis in 2HFY26/FY27CL, when annual spectrum and AGR payments to government of USD 4-5 billion per annum become due,» CLSA said in a note on Thursday. Macquarie's report titled «No AGR waivers; VI needs waivers and a white knight?» observed that Vodafone-Idea's net debt was USD 28 billion in 1QFY25, including AGR liability of USD 8.5 billion (of which about 20 per cent is principal and the rest represents interest and penalties).

SJVN generated 8,489 million units (MUs) of green energy from its operational hydro, solar and wind power stations in 2023-24, a top company official said. SJVN CMD Sushil Sharma made the remarks at the company's 36th Annual General Meeting (AGM) for the 2023-24 financial year. «Despite facing challenging hydrological conditions due to climate change, SJVN demonstrated resilience in its operations. In FY24, the company generated 8,489 MUs from its operational hydro, solar and wind power stations,» a company statement quoted Sharma as saying. The power stations set new records, including highest-ever daily generation of 39.570 million units (MU) and 10.971 MU by 1,500 MW NJHPS (Nathpa Jhakri Hydro Power Station) and 412 MW Rampur HPS, respectively, in July 2023.

oil market has changed in a year and will influence the way India negotiates its annual crude purchase deals for next year as the country is witnessing fuel consumption growth while global demand is forecast to be weakening, a petroleum ministry official said. “When we sit down with them (suppliers) in December or January, for both sides the negotiating positions would be very different from what they were last year,” said the official, who didn't want to be named. “The market of December 2024 is not the market of December 2023.” “What has changed in the market is that whether it’s IEA or OPEC, they are bringing down their estimates for world demand,” he said, adding that India was in a different position as it is experiencing a demand increase.

With over 2 year's experience in finance and the crypto sectors, Jose uses his knowledge and expertise to breakdown complex topics into bitesize content for both beginners and experts.

As September is underway, Keynes' famous words resonate deeply within the financial community.

pro-incumbency" sentiment in Haryana with voters realising the BJP has transformed their lives over the last 10 years, says senior leader Kiran Choudhry who switched to the saffron party following a three decade association with the Congress in June this year. Choudhry is also confident her daughter Shruti Choudhry, a former MP who moved to the BJP with her, will win the «battle of the cousins» from the family stronghold Tosham against Congress' Anirudh Chaudhry in the October 5 elections for the 90-member Haryana assembly. Kiran Choudhry, 69, is the daughter-in-law of former Haryana chief minister Bansi Lal and wife of former state minister, the late Surender Singh. While Kiran Choudhry was nominated as party candidate for the Rajya Sabha bypolls from Haryana which she won unopposed, her daughter was given a ticket from Tosham.

polling data shows surprising results for Kamala Harris and Donald Trump in key battleground states. In Pennsylvania, which carries 19 electoral votes and supported the Democrats in 2020, Kamala Harris is ahead of Donald Trump with a 51% to 45% vote share difference. This data was released by Quinnipiac University. Last month, Harris had a smaller lead of three points. In Michigan, which has 15 electoral votes, the survey indicates Harris leading Trump 50% to 45%.

Wave group is diluting part of its land bank in Wave City in Ghaziabad and has sold land to at least half a dozen builder in order to improve cash flow. It is also in talks with more developers to sell land. The combined areas these real estate developers will develop will be around 12 million square feet in the next few years.

tax audit report on the e-filing ITR portal for specific taxpayers is September 30, 2024. However, with only 12 days left, the ITR e-filing portal is experiencing numerous glitches and issues when it comes to uploading tax audit reports. Several chartered accountants and tax professionals have raised concerns about this matter with ET Wealth Online and on social media, stating that they have been unable to upload the tax audit report on the e-filing ITR portal since September 18, 2024. «With the tax audit report filing deadline of September 30, 2024, fast approaching, taxpayers and professionals are facing significant challenges due to persistent glitches on the Income Tax Department's website. As the deadline looms, the portal has been experiencing increased traffic, leading to slowdowns and technical issues that are causing widespread frustration,» said CA Deepak Chopra, Chairman of the Direct Tax Committee of the Karnataka State Chartered Accountants Association (KSCAA).

BNB, Solana, XRP, Toncoin, Shiba Inu, and Cardano rose up to 5%. BTC’s gains over the last one week have been to the tune of 7%.

Aam Aadmi Party leader Atishi set to be sworn-in as Delhi's new Chief Minister on September 21, a cabinet rejig has also been announced by the party on Thursday. The Arvind Kejriwal-led party has named Mukesh Ahlawat, MLA from Sultan Pur Majra, as part of the new cabinet. Meanwhile, Ministers Gopal Rai, Kailash Gehlot, Saurabh Bharadwaj, Imran Hussain who currently handle Environment, Finance, Health and Food respectively, have been retained in the new cabinet.

anticipatory bail in a case registered under the Narcotic Drugs and Psychotropic Substances (NDPS) Act is a «very serious» issue and «unheard of», the Supreme Court said on Thursday. A bench headed by Justice B R Gavai and also comprising Justices Aravind Kumar and K V Viswanathan was hearing a plea filed by an accused seeking regular bail in a case lodged for alleged offences under provisions of the NDPS Act in West Bengal. The bench directed the West Bengal government to consider whether the state proposes to file an application seeking cancellation of anticipatory bail granted to four accused in a case. It issued notice to the state of West Bengal on the accused's bail plea and posted it for hearing after four weeks.

The long duration funds are highly sensitive to interest rate changes and provide potential for capital appreciation and are attractive options in the declining interest rate. “After the Fed's 50 bps rate cut, long-duration funds are the better option. These funds are highly sensitive to interest rate changes, meaning they will benefit significantly from falling yields as bond prices rise. This provides potential for capital appreciation, making them attractive in a declining interest rate environment,” recommended Sagar Shinde, VP Research, Fisdom.

Bajaj Housing Finance ended its two-day rally as its stock encountered selling pressure, declining 11% in the last 2 days to a low of Rs 161 on BSE. IPO investors who got the allotment of the issue, however, are still sitting on gains of 130%.