Extreme Financial News

India's retail inflation eases to 5.02% in September, comes within RBI's tolerance mark after two months Most experts expected retail inflation to be in the range of 5.3 per cent to 5.5 per cent as they pointed out a significant decline in select food items. The recent drop in inflation to a three-month low is a significant positive development on the macroeconomic front. Notably, the September CPI inflation rate at 5.02 per cent is below the upper threshold of the RBI's acceptable range of 2 to 6 per cent.

hair transplants in Turkey have become extremely popular, but why so? There are several reasons for this, and today we’ll discuss them, so stick around. Istanbul is the largest city in Turkey, and it’s the home to over 300 hair clinics. Naturally, most people looking to get hair transplants come to Istanbul.

train derailment incident that claimed four lives and injured over seventy people in Bihar's Buxar district yesterday, Leader of Opposition in the Bihar Assembly Vijay Kumar Sinha expressed grief and said an investigation into the cause of the mishap is underway. Speaking to about the incident, Sinha said, «It is a very unfortunate incident, my thoughts and prayers are with the people who lost their lives. I offer my condolences to the bereaved families.

Argentina’s firebrand populist presidential candidate Javier Milei is coming under fire from his rivals who are blaming him for a sharp depreciation of the local currency in the parallel market

(Reuters) — American International Group (NYSE:AIG) on Wednesday appointed company insiders David McElroy, Don Bailey, and Jon Hancock to key positions in a bid to strengthen its underwriting performance.

The forces underlying the Treasury debt market are extremely adverse as the US is on an unsustainable fiscal path, a senior International Monetary Fund official said.

ICC World Cup 2023: Pakistan completed a historic run chase against Sri Lanka on Tuesday and Muhammad Rizwan was rightly credited with his 131* innings despite struggling with some difficult cramps. Despite scoring a massive 344 runs, Sri Lankan bowlers couldn't stop Pakistan from chasing the big target. But, even after his fiery innings, Muhammad Rizwan attracted some criticism on social media as he touched on a sensitive topic and dedicated the innings to his “brothers and sisters in Gaza." “This was for our brothers and sisters in Gaza.

LONDON (Reuters) — Global economic losses could reach $5 trillion under a «plausible increase» in extreme weather events linked to climate change that cause crop failures and food and water shortages, insurance marketplace Lloyd's of London said on Wednesday.

Indian Ocean region to effectively address the development challenges as it warned them to be clear of the dangers of «hidden agendas» in unviable projects or unsustainable debt, in an apparent reference to China which is accused by the West of «debt trap» diplomacy. Speaking at the 23rd Council of Ministers Meeting of the Indian Ocean Rim Association (IORA) in Sri Lanka, External Affairs Minister S Jaishankar said that it is important to maintain the Indian Ocean as a free, open and inclusive space based on the UN Convention on the Law of the Seas (UNCLOS), as the Constitution of the Seas.

Ritesh Bhatia, Cybercrime Investigator & Cybersecurity Consultant, says “from a user point of view, there is nothing much you can do except for locking your biometrics. I think that is something that every citizen of the country needs to do because somewhere or the other, the fingerprints can be stolen.” There are many reports about hacking of the biometrics linked with the Aadhaar card. Your view? When this entire debate on Aadhaar was going on, we were very concerned about it. We raised these questions that biometrics can be hacked and they said, no, it cannot be done and today it is a reality. It has been happening just like five years back we thought Deepfakes cannot happen but very soon that is going to become a part and parcel of your life. In fact, some of the anchors have already started creating Deepfake versions of themselves. So, what is happening over here is that there is something called AEPS, which is the Aadhaar Enabled Payment System. Now, what exactly is it? Now, if you go to some small villages where there are no ATMs or banks or are at quite a distance, there are micro ATMs or the POS devices, as we call it. They are very small. You just need to give your fingerprint over there, authenticate yourself and you will be given the money. Now, the money that is given is just Rs 10,000. Of course, you can withdraw more but the maximum limit is Rs 10,000 at one time and Rs 50,000 in the day, which means five times you can do this.

Reuters. Addressing a news conference here, Banga said wars are extremely challenging for central banks that are trying to find a way to steer their economies toward a soft landing.

Canada’s top-end personal income tax rates are too high and they must come down, but there are many other tools that governments have to tax you in ways that chip away at your ability to minimize taxation.

Billionaire hedge fund manager Paul Tudor Jones said Tuesday it's extremely tough to be an investor in risk assets amid escalating geopolitical tensions and the dire fiscal position in the U.S.

Hamas and Israel, Kerala Chief Minister Pinarayi Vijayan has written to External Affairs Minister S Jaishankar seeking intervention to ensure the safety of Indian citizens in Israel. «A good number of people around 7000 are from the state of Kerala. The continuing hostilities are putting these civilians to extreme hardship and their family members are in a state of extreme anxiety,» Vijayan said in the October 9 dated letter to the Union Minister Jaishankar. «I request your good self to intervene in every possible manner to ensure the safety of our citizens in Israel,» the Kerala chief minister wrote. A woman from Kerala working as a caregiver in Israel was injured in the conflict on Saturday. On Monday, the CPI-M Kerala Secretariat in a statement had urged the central government to take steps to ensure the safety of the Keralites stuck in Israel.

HR Evolution Perspectives 2023 report reveals that CXOs across India today project high growth and profitability in the coming few years. While 83% of CXOs across India say they expect revenue growth in the upcoming years.

EuroAPI, the pharma-ingredients firm spun off by Sanofi last year, plunged as much as 61% after cutting its guidance and saying it would embark on a strategic review.

Amit Sachdeva, India Equity Strategist, HSBC Securities, says “given the stable growth macro and where the world is today, India continues to be a very attractive destination for FIIs and that is not going to go away with one month of small short-term volatility or event. The larger game is set. If you look at the longer picture, what gives you confidence that India should do well? It is seen as a more structural market. But another factor that has worked in India's favour is that when you survive a crisis, the resilience is proven.” What are the triggers that will make FIIs come back to India equities. This is one of the largest selling sprees that we have seen in recent history, consecutive 14 days of sell-off from FIIs. What would have to change on ground for them to come back and would it only be a function of the way the US yield pans out? It is largely that factor, to be honest. If you look at FII flows and put that in the context of bull runs, we are about 0.6% of the market cap. In the last 12 months, every time you look at FII inflows, you have to look at accumulated flow of last 12 months because you may see some incessant flows in the last six months assuming that is the massive inflow that has already come, but it is true because the base is very benign. We are at about 0.6% of market cap which is way below the bull run averages at 1.7% and perhaps 3% of the bull run peak. So, in some sense, the base is extremely benign. We have seen large outflows last year, to be honest, minus 17 billion to be precise.

Sanjiv Bhasin, Director, IIFL Securities, says “pharma is a proxy to a weak rupee and a stronger dollar becomes a very good alibi. Thirdly, the business is doing extremely well. So, Aurobindo, Lupin and Sun Pharma on declines could be a very good basket. More than that, if you cannot choose the stocks, better do a SIP in the likes of SBI or a Nippon fund. They have very good pharma funds which have got a basket of stocks. So, an ETF over there would be a very good idea if you want exposure into pharma.” What is your view on the pharma space? The latest note by Macquarie seems to be really advocating largecaps like Sun Pharma, Dr Reddy's, etc. But given the kind of move that we have already seen, what is your outlook on pharma at the current juncture? Pharma has been a darling of the market in the last two months after most people had written it off post Covid. But the results and the under-ownership, particularly of stocks like Auro Pharma and Lupin, which are two stocks which we have accumulated – a disclosure. We think that the largecap pharma is a very comforting space given that IT still has some of the headwinds, pharma as a proxy to a weak rupee and a stronger dollar becomes a very good alibi. Thirdly, the business is doing extremely well. So, Aurobindo, Lupin and Sun Pharma on declines could be a very good basket.

These actively-managed schemes are benchmarked against Nifty Smallcap 100 — TRI, Nifty Smallcap 250 — TRI, and S&P BSE 250 Small Cap — TRI. These benchmarks offered an average return of 31.74%, 29.75%, and 29.95% respectively. Top five schemes by AUM or assets

European Union late Monday reversed an earlier announcement by an EU commissioner that the bloc was «immediately» suspending development aid for Palestinian authorities and instead said it would urgently review such assistance in the wake of the attacks on Israel by Hamas to make sure no money was misused. «There will be no suspension of payments» at the moment, a terse European Commission statement said late Monday, five hours after EU Commissioner Oliver Varhelyi had said that all payments from the development programme for Palestinians would be «immediately suspended.

The European Union has reversed an earlier announcement that it was “immediately” suspending aid for Palestinian authorities and instead said it would urgently review such assistance in the wake of the attacks on Israel by Hamas