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Global banks eliminated more than 60,000 jobs in 2023, marking one of the heaviest years for cuts since the financial crisis and reversing much of their hiring as they emerged from the COVID-19 pandemic.

Mastercard SpendingPulse said Tuesday that holiday sales rose this year

populist measures are expected in the upcoming Budget. It would — in all likelihood — be pragmatic while there could be some extra push to infrastructure, says Seemant Shukla, Chief Business Officer (CBO) of JM Financial Asset Management. In an email interview with Mint, he speaks about the growing fascination for SIPs (Systematic Investment Plan) among retail investors, best performing sectors of 2023 and the expectations from the market in 2024.

credit scores and therefore it is essential to periodically monitor your credit scores. An individual’s credit score, which ranges from 300-900, represents your creditworthiness and assists lenders with risk assessment. A higher score typically indicates better financial discipline and lower risk, leading to easier loan approval and favourable interest rates.

compounding. If your interest is compounded more frequently, such as quarterly in the case of bank deposits, the actual time required for doubling may be slightly shorter. The Rule of 72 serves purposes beyond determining the time required to double your money.

The unsettling narratives of individuals falling victim to AI-based deepfake scams, such as a Kerala man losing ₹40,000, a woman losing Rs 1.4 lakh to an AI voice scam, and a man being duped out of over Rs 5 crore by a scammer employing AI face-swapping technology, are just a glimpse into the broader challenge. In India, financial entities find themselves contending with an emerging and chilling risk – the proliferation of deepfakes.

IQ Option platform is ideal for those who trade on a limited budget. The broker has a low barrier to entry, a good reputation in the market, and many in-built trading tools. Here are some ways to nurture your account to the professional level.

The unique combination of investment in mutual funds, debt market, and life insurance coverage has always attracted investors to different unit-linked insurance plans (ULIPs). These plans also help in investing for long-term goals like buying a house, retirement, or children's higher education. Additionally, the waiver of premium (WOP) feature enables ULIPs to fulfil long-term investment goals even in case of unfortunate incidents like the untimely demise of the policyholder.

₹42,700 crore investment solely to financial stocks during the initial two weeks of December. Data from the National Securities Depository Limited (NSDL) website discloses that, as of December 15, 2023, the assets under custody (AUC) amounted to ₹19,41,167 crores. With investments at such elevated levels, the keen interest of FIIs in this sector becomes evident, indicating the growth potential.

Godrej Consumer Products with a target price of Rs 1210.0. The current market price of Godrej Consumer Products is Rs 1089.1. Godrej Consumer Products, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 111439.76 Crore) operating in FMCG sector.

year comes to a close and the holiday season is upon us, it is only fitting to take a moment and reflect on the financial wisdom that Santa Claus can teach us. Santa, known for his generosity and ability to deliver gifts to children around the world, can also impart valuable lessons when it comes to managing our finances. So, as we prepare for Christmas, let's explore some financial lessons we can learn from the jolly old man in the red suit.

Pan-African cryptocurrency exchange Yellow Card Financial has announced plans to apply for a license in Nigeria following the recent lifting of the country’s cryptocurrency ban.

financial journey, check out these best Secret Santa financial gifts this Christmas. Mutual fund investments: Investing in mutual funds is a fantastic way to gift your loved ones a head start in their financial journey.

There are some savers who just keep their money in the bank, along with savings in the EPS, NPS, or EPF, in various permutations. Throw in some fixed deposits and insurance products, generally ill-chosen, to this product mix, and their savings menu is complete. The drawback of this mode of saving is that the returns are poor, and a great deal of money is left to idle.

President Joe Biden signed a new executive order aimed at targeting financial facilitators of the Russian defense industry

Nationalist Congress Party president Sharad Pawar on Saturday thanked and praised industrialist Gautam Adani for giving financial help for the construction of a new technology centre in Baramati, of Pune district. Sharad Pawar was addressing the gathering during the inauguration of the Robotic lab in the engineering department of Vidya Pratishthan in Baramati. The Chairman of Finolex J Power Systems Limited Deepak Chabaria was also present at the event. While addressing the gathering during the event, Sharad Pawar said that Vidya Pratishthan Institute has taken up a new project, due to technology the engineering sector is changing rapidly. It is very necessary to create a group (section) that is ready to accept these changes to move ahead. «We are building the first centre for artificial intelligence in India and the construction is underway.

Independent Advisor Alliance has a fresh injection of capital as LPL Financial has taken a minority stake in the hybrid firm.

Joe Biden on Friday signed an executive order threatening penalties for financial institutions that help Russia circumvent sanctions, the White House said in a statement, as Washington seeks to increase pressure on Moscow. The order also gives Washington the ability to broaden import bans of certain Russian goods, such as seafood and diamonds, the White House said.

Hong Kong’s Securities and Futures Commission (SFC) has expressed its readiness to consider applications for spot crypto exchange-traded funds (ETFs).

stake in IIFL Finance for Rs 1,198 crore through an open market transaction. Fairfax Group through its affiliate FIH Mauritius Investments Ltd have sold the shares of IIFL Finance Ltd.

Bitcoin, the pioneering cryptocurrency, has surged to $44,050, marking over 1.4% increase and signaling a buoyant phase for the crypto industry. This upswing coincides with Coinbase’s strategic expansion, as the company secures a crypto license in France, indicating a broader global outreach. Meanwhile, tech maverick Elon Musk has announced plans for ‘X’ to delve into financial services by mid-2024, potentially reshaping the fintech landscape.