Financial Financial News

PCBL with a target price of Rs 320. The current market price of PCBL Ltd.

South Asian nation, according to a report by Bloomberg. Hironori Kamezawa, the CEO of the bank, expressed confidence in India's economic growth, stating, "For India, economic growth is not something that will be a challenge; it's a sure thing," as quoted by the Bloomberg report.

Elon Musk has lashed out at the state of the US financial markets, citing the intense regulatory pressure faced by public companies such as Tesla. He also noted how shareholder pressure is limiting efficiency and how passive investing is leading to only 4-5 major stock pickers influencing market movements.

The holidays are supposed to be a joyful time, but they can also be financially stressful

LONDON — The U.K. and Switzerland on Thursday will sign a post-Brexit financial services deal designed to bring two of Europe's largest banking centers closer together.

Amitabh Mohanty, MD and CEO of JM Financial Asset Management Ltd. In an interview with Mint, Mohanty shared his views on the Indian market and mid and small-cap space. Edited excerpts: It may not necessarily be a simple vote on account.

Rahul Sharma, Director & Head — Technical & Derivatives Research, JM Financial Services, says “for the next couple of days, the market may face volatility. Weak hands are probably out of the market in yesterday's correction. Having said that, there are two levels to keep an eye on. One is 20,950; we reversed 25 points from that level in the morning, in the first half of the trading session today. So that remains a crucial support and that is where the put writers are also present both in the weekly as well as the monthly expiry.” Do you think there are any chances of visiting the morning lows or does it appear that the station has been taken out and now we are looking at higher levels? So two things. Yesterday's correction was more like the boy who cried wolf. Everybody was expecting that, it would be the FIIs who are selling at the year-end, booking profits, closing their books at a record high, etc, etc. But the data just does not prove that. In fact, they have added longs in index futures, they have added longs in stock futures on a down day. And even the cash figure, the sell figure was hardly anything to be worried about.

Dixon Technologies shares are up more than 65% year-to-date (YTD) and analysts expect more upside to it on the back of government’s thrust on lowering imports of IT hardware and the Dixon Technologies’ recent contract with Lenovo which is believed to give it a strong head start in IT manufacturing. Also Read: Which Tata Group stock performed the best in 2023? The answer may surprise you JM Financial has a ‘Buy’ rating on Dixon Technologies and raised the target price on the stock to ₹7,215 per share from ₹5,975 earlier.

investment portfolio is akin to making a pit stop on a lengthy road trip. It provides an opportunity to inspect your tires, replenish fluids, and fine-tune your route for the miles ahead.

The head of South Korea’s Financial Supervisory Service plans to meet with SEC Chair Gary Gensler to discuss crypto regulation.

Satin Creditcare Network with a target price of Rs 330. The current market price of Satin Creditcare Network is Rs 269.2. Satin Creditcare Network Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 2625.86 Crore) operating in NBFC sector.

The financial sector's battle against fraud requires a dynamic and multi-faceted approach. As technology continues to advance, so do the tactics of fraudsters seeking to exploit vulnerabilities in the financial sector. The financial sector faces escalating threats in 2024, including deepfake fraud, phishing 2.0, blockchain exploitation, insider threats, and AI-powered fraud.

Financial Independence and Retire Early (FIRE) is a movement that has pervaded the mindset of young working people who are keen to take early retirement in their 30s or 40s. 

FINMA found the 'inadequate implementation' of strategic focus areas, alongside several scandals and management errors, led to the bank’s demise in March 2023.

The fallen crypto wunderkind Sam Bankman-Fried, who founded one of the largest crypto exchanges, has been found guilty of all seven criminal counts against him. The FTX founder faces a maximum sentence of 115 years in prison on charges of fraud and money laundering.

By John Revill and Noele Illien

Jubilant FoodWorks, master franchisee of Domino's Pizza and Dunkin' Donuts, on Tuesday announced the appointment of Suman Hegde as the Executive Vice President and Chief Financial Officer of the company. The board of JFL, in its meeting held on Tuesday, approved the appointment of Hedge, who is presently working with the leading FMCG maker Hindustan Unilever as Vice President of Finance – Beauty, Wellbeing & Personal Care, South Asia. Hedge's appointment is effective from March 1, 2024, said a statement from JFL, which is also a master franchisee of leading QSR brands such as Fried Chicken brand Popeyes and Hong's Kitchen. Commenting on the development, JFL CEO & MD Sameer Khetarpal said: «As a leader, she brings high-quality experience in customer-first thinking, ability to partner with businesses and lead high-performing teams. The appointment is in line with the company's strategic priority of building a solid yet diverse foundation of people and culture.» Hedge has over 20 years of experience and held leadership positions in the finance function. She is a Chartered Accountant and MBA from Jamnalal Bajaj Institute of Management Studies, Mumbai. In India, JFL operates a network of 1,888 Domino's stores across 397 cities.

in 2024. Creating a comprehensive budget and closely monitoring your spending habits is the foundation of financial security. Allocate your income to different categories such as housing, transportation, groceries, and savings.

With increased competition from fintechs and embedded finance, financial services firms have been looking at head count with a reduction in numbers across several key players.

The Financial Services and Markets Act 2023 made the Treasury, rather than the regulators, responsible for the appointment of the financial regulators complaints commissioner.

Edelweiss Financial Services on Monday said it has started the process of selling equity in its alternative asset management unit and plans to raise about 15 billion to 20 billion rupees ($180.69 million-$240.93 million) by a divesting 10%-20% stake. The company is receiving significant interest for the stake sale in Edelweiss Alternative Asset Management (EAAM), and the process is likely to be concluded in four to five months, Edelweiss said in a statement. The move to sell the stake will reduce the company's debt and improve its market value, it said. Edelweiss Financial Services' net debt amounted to 152.20 billion rupees as of September-end, the company said in an investor filing in November. EAAM's current assets under management stood at 500 billion rupees as of September-end and have grown at a compound annual growth rate of 31% since fiscal year 2017, Edelweiss said. Separately, Edelweiss said the Indian securities appeal court last week dismissed an appeal filed by its former unit, Nuvama Clearing Services, in relation to a case on the handling of client securities as a clearing agent. Nuvama Clearing has already earmarked 2.36 billion rupees with the clearing corporation of the stock exchange in relation to the case and will also explore legal options, Edelweiss said. Edelweiss Financial Services shares, which are up 121% so far this year, fell as much as 8.8% in early trade before trimming some losses. They last traded 1.8% lower at 74.90 rupees.