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Eagerly anticipated inflation numbers for December — described by one economist as “the main event” this week — will be released by Statistics Canada on Jan. 16. After a series of unprecedented rate increases that peaked in July at five per cent, the Bank of Canada indicated it has likely hiked rates enough to tame inflation with markets now expecting cuts as soon as the second quarter of this year, with the consumer price index data supplying a critical piece to the puzzle.

WhiteOak Capital Mutual Fund announced the launch of the WhiteOak Capital Pharma and Healthcare Fund, an open-ended equity scheme investing in the pharma and healthcare sector. The scheme opened for public subscription on January 16, 2024, and will close on January 30, 2024.

Ram Mandir inauguration, the Ram Janmbhoomi Trust has urged the people acrss the globe to share their thoughts and emotion on «return of Lord Ram to his rightful abode after five centuries». «Shri Ram's return to his rightful abode after five centuries fills the universe with unparalleled emotions. To enhance the grandeur of his welcome, we urge all Shri Rambhakts across the globe to express their thoughts and emotions about this historic event through a short video.

NALCO, a PSU firm engaged in alumina and aluminum manufacturing and sales, saw its shares surge sharply in today's intraday session, hitting a new lifetime high of ₹144 apiece by gaining 6.70%. This achievement is particularly noteworthy as the stock has set a new record after a gap of 16 years, surpassing its previous all-time high of ₹141.60 apiece, which was set in January 2008.

Third-party (TP) motor insurance has seen a continued decline in performance, with a notable decrease in a key metric in December. Last month, gross direct premium growth for this segment was just 6% year-on-year, a drop from the 7% increase recorded in the preceding two months, according to data from the General Insurance Council and the Insurance Regulatory and Development Authority of India (Irdai).

Jio Financial Services: The company recorded a consolidated profit of ₹293.82 crore for the December quarter, against ₹668.2 crore in the previous quarter. Revenue from operations came in at ₹413.6 crore against ₹608 crore during the previous one as the company had no dividend income in the quarter, against ₹216.85 crore in the previous one. NALCO & Hindustan Copper: Khanij Bidesh India Ltd (KABIL), a joint venture between NALCO, Hindustan Copper, and Mineral Exploration Co.

Although artificial intelligence (AI) has been quietly helping us for decades, with progress accelerating, 2023 will be remembered as a ‘big bang’ year. With the advent of generative AI, the technology has broken through in popular consciousness and is shaping public discourse, influencing investment and economic activity, sparking geopolitical competition, and changing human activities from education and healthcare to the arts. Each week brings some new breathtaking development.

Navi Mumbai, driven by transformative infrastructure projects such as the Mumbai Trans Harbour Link (MTHL) and the forthcoming international airport. The hospitality market is witnessing a surge in investments in the region, with Navi Mumbai, Panvel and Khopoli emerging as the prime locations for investors, said hotel industry executives and transaction advisory firms. Most of the leading hospitality brands are either looking to step up their presence or are entering the region. American hotel operator Radisson Hotel Group that currently has one property, Country Inn & Suites by Radisson at Turbhe in Navi Mumbai, recently signed up for a 100-room hotel in Khopoli and has another one of similar size coming up soon. The MHTL, which opened to the public on Saturday, is set to decongest Mumbai by improving connectivity between the island city and mainland and promoting the development of Navi Mumbai region. This significant infrastructure link spans a length of about 21.8 km.

Canadian home sales saw an “unexpected surge” in December as sellers and buyers came together to get deals done before the new year, according to the national real estate body.

The world could have its first trillionaire within a decade, anti-poverty organization Oxfam International said Monday in its annual assessment of global inequalities timed to the gathering of political and business elites at the Swiss ski resort of Davos.

India's military presence in the Maldives, now at the centre of a controversy, has been focused on managing two helicopters and a Dornier maritime surveillance aircraft that were gifted to the island nation to conduct search and rescue operations and surveillance of its Exclusive Economic Zone. The aerial assets, which are under direct control of the Maldives National Defence Force (MNDF), have helped conduct more than 600 medical evacuations, search and rescue missions and medical team transfers in the past five years, often making the difference between life and death at the high seas, said people with knowledge of the matter. According to information shared by the Maldives government, the 77 Indian military personnel are either flying crew, technical staff, medical staff or trainers for the two advanced light helicopters and one Dornier maritime surveillance aircraft that operate under the MNDF, they said. These include 24 personnel for one helicopter, 26 for the second, 25 for the Dornier and two additional personnel for general maintenance and engineering. There is no presence of Indian combat troops on the island nation and the bulk of personnel are involved in operating the aerial assets and training MNDF personnel on the equipment and platforms, said the people.

India Inc mopped up a record Rs 9.58 lakh crore from the market in 2023, registering an increase of 26 per cent from the year-ago period, according to market data. In 2022, fund mobilisation through corporate bonds on private placement basis stood at Rs 7.58 lakh crore, according to the data collated by Primedatabase. In terms of volume, Primedatabase said, adding there were as many as 920 issuers in 2023, which was 863 in the previous year.

By Mark John

Though the Federal Reserve stopped raising interest rates last summer, it is quietly tightening monetary policy through another channel: shrinking its $7.7 trillion holdings of bonds and other assets by around $80 billion a month. Now that, too, may change. Fed officials are to start deliberations on slowing, though not ending, that so-called quantitative tightening as soon as their policy meeting this month.

Also Read: DMart: Market not impressed by Q3 earnings as stock closes with marginal gains; what should investors do next? Notably, 32 constituents of the index finished the session in the green zone, with the five heavyweights contributing 158 points, or 78%, to the Nifty 50's overall rally. Among these, HDFC Bank emerged as a significant contributor, supporting 66.16 points to the index rally. During today's trading session, the stock witnessed a 1.93% spike, reaching ₹1,672 apiece.

DBS Bank India, said, “Ownership of financial decision making, diverse investment and borrowing choices and growing adoption of digital channels are all evidence that the modern Indian woman is not just a participant, but a planner of her journey." The financial paths of women are as varied as their individuality. The manner in which they save, borrow, and invest money depends on many factors such as age, income, cultural background, and access to resources. As per the survey, women earning in metropolitan areas demonstrate a preference for low-risk investments, allocating 51 percent of their funds to fixed deposits (FD) and savings accounts.

The anti-poverty organization Oxfam International says the world could have its first trillionaire within a decade

Jakarta: Indian shooters' gold rush continued in the Asia Olympic Qualifiers with Yogesh Singh winning the top prize in individual as well as team event of the men's 25m centre fire pistol competition on Monday. Yogesh claimed the individual gold medal after shooting 573, finishing ahead of silver winner Muad Al Balushi of Oman (570) and Indonesia's Anang Yulianto (567).

Panchayat Mausam Sewa Portal, in English, Hindi and twelve regional languages to help farmers in planning the agricultural activities like sowing, transplantation, application of irrigation, fertilizers, pesticides, etc. It also launched a National Framework of Climate Services (NFCS) that seeks to reduce losses from climate hazards and extreme weather events to commemorate the 150th year of the weather office. The NFCS framework seeks to build a platform for users of climate information and services that will strengthen the production, availability, delivery and application of science-based climate monitoring and prediction services for key sectors such as agriculture, health, energy and disaster management. Talking about the achievements of the weather office Kiren Rijiju, Union Cabinet Minister, Ministry of Earth Sciences said that IMD has improved its forecast accuracy of severe weather events by 40% in the last five years. It has improves the weather observational network in the country in last decade significantly by employing technology. For example, the number of Doppler radars in the country has increased from 15 in 2014 to 39 in 2023, and additional 25 radars will be added in the next 2-3 years. Rainfall Monitoring Stations have increased from 3955 in 2014 to 6095 in 2023; upper air stations have increased from 43 in 2014 to 56 in 2023; High wind speed recorders increased from 19 in 2014 to 35 in 2023.

A volcano has erupted in southwestern Iceland for the second time in less than a month, sending semi-molten rock spewing toward a nearby settlement

Volkswagen Group's car sales in India grew around 8 per cent year-on-year to 145,713 units in 2023, the company said on Monday. Of this, domestic sales stood at 101,465 units, while 44,248 units were exported, it said in a statement. The company had sold 134,667 cars in the January-December period of 2022, and increased 8 per cent to 145,713 units in 2023.