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Reserve Bank has penalised five Gujarat-based cooperative banks for various lapses in complying with its regulations, with penalties varying from Rs 50,000 to Rs 5 lakh on each of them over the past one month. The regulator in separate statements on Thursday said in an order dated December 13, 2023, it imposed a Rs 5 lakh penalty on the Vadodara-based Shree Bharat Co-operative Bank for non-compliance with its directions on the placement of deposits with other banks by urban primary cooperative banks and flouting its norms on interest rate on deposits directions of 2016.

Britain will likely go to the polls in the last six months of this year, Prime Minister Rishi Sunak indicated Thursday, as speculation mounts about the date of the vote. Sunak, whose Conservative party has been in power since 2010, has until the end of January 2025 to call a much-anticipated general election.

The Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring, Deloitte Canada says.

Canada’s personal tax rates are too high, as many of us realize. There are numerous data sources that consistently put this country’s personal tax rates amongst the highest on Earth. Yes, there are countries with higher marginal personal rates, but there are many more that are lower. Most Canadians, however, are more often concerned about our largest and most important neighbour — the United States.

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Stock Trader's Almanac analysts noted today that despite last year's significant rally in the stock market, the anticipated Santa Claus Rally has failed to materialize this year.

Siddhartha Khemka, Head-Retail Research, MOFSL, says “the quarterly results would be the next trigger for the market. In terms of overall valuations, we see that markets are comfortable, especially the large caps. The Nifty is trading at a one-year forward PE of 19-19.5, which is still at a discount to its last 10-year average of 20 times. We see there is room for the market to move up given that quarterly results or the corporate earnings have been pretty strong and that continues to be the case.” What is your view on the market itself, the start has not been the most euphoric because we have been consolidating. Do you think this is going to be the nature at least for the next few weeks or months going forward that there would be a bit of sideways move? Siddhartha Khemka: If you look at the market view, after two consecutive months of sharp up move, Nifty moved by almost 5% in November, followed by 8% move in December. The start of the year has been a bit sombre because the market is waiting for fresh triggers. There were the meeting minutes from the Fed, which gave out some clarity as to when this Fed rate cut could happen, which has excited the market the most in December.

On the last day of 2023, the President issued a gazette notification for the appointment of the 16th Finance Commission. While there was a lot of interest in the announcement, an omission in the other end of the public finance continues to attract no attention. States are not appointing finance commissions (SFC).

On Thursday, realty stocks jumped up to 19% with Sobha taking the lead. The soared jumped on a favourable view by Motilal Oswal which has picked the counter as its top bet for CY2024. Others including Godrej Properties, Lodha, DLF, and Swan Energy traded up between 9% and 2% around 12:15 pm. Also Read: Sobha shares jump over 19%, hit 52-week high. Here's why https://economictimes.indiatimes.com/markets/stocks/news/sobha-shares-jump-over-19-hit-52-week-high-heres-why/articleshow/106536137.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The Nifty Realty index was the top performing index on the day with all the stocks trading in the green.

Premature withdrawal rules of 10 post office schemes: PPF, NSC, Senior Citizens Savings Scheme, Mahila Samman Savings Certificate

Real Estate (Solid recovery after slumber): As per the brokerage, a revival in the property cycle is likely to be sustained driven by a time correction in prices, better affordability, reasonable interest rates and the need to have bigger houses. This will have a positive impact on many industries (such as steel, cement, building materials, and other related sectors) and generate employment across income strata, added the brokerage. Infrastructure (Infra spending remains a key booster): Budgetary allocation for capex has been going up substantially for the last couple of years and supporting various industries, noted the brokerage.

Prince Harry. “Kate Middleton has everything she wants," the Rebel Prince told Closer Magazine as quoted by The New York Post. Bower also said Markle had hoped to do things “her way" after her wedding to Prince Harry and joining the royal family in 2018.

By Andrew Hayley and Jeslyn Lerh

By Lewis Jackson

By Ankur Banerjee

Bengaluru real estate market is one of the sought-after in the country and has consistently delivered rich returns to investors across established and emerging segments of real estate. “Touted as the Silicon Valley of India, Bengaluru possesses the fundamentals for attracting domestic and global investments in the form of the highest number of engineering colleges in the country and some of the marique management colleges. This is consistently driving the demand for commercial, residential, retail, and warehousing sectors to meet the evolving needs of occupiers, homebuyers, and shoppers and presents immense opportunities in the real estate sector," said Sankey Prasad, CMD, Colliers India.

SBI's three-year FD rates vs post office term deposit rates: Fixed deposits are considered one of the safest investment options. Several banks including, the State Bank of India ( SBI), Bank of Baroda (BoB), Punjab National Bank (PNB), and Union Bank of India recently hiked fixed deposit rates. On 29 December, the Modi government raised the interest rates on the three-year post office term deposit (POTD) scheme by 10 basis points for the January-March quarter.

car sales, only four companies — Hyundai, Tata Motors, Mahindra & Mahindra and Toyota — hit new highs, amid weak demand at the lower end of the market. Market leader Maruti Suzuki got to 1.71 million units, but that was still short of its pre-Covid record of 1.73 million units registered in 2018. Honda reported sales of 84,289 units last year, significantly lower than its peak volume of 202,403 units in 2015. Volkswagen sold 43,481 units, short of its high of 66,783 units in 2012.

₹1 crore, then the maximum loan amount is capped at ₹80 lakh. It is important to note that the loan amount will be disbursed as monthly payments. In case of a medical emergency or other such cases, most banks offer lump sum payments of up to 50% (capped at ₹15 lakh) of the total loan amount.

₹150 crore in Ebitda (earnings before interest, tax, depreciation, and amortization) when they list—which is typically the expectation that capital market investors have for listed companies. “We are seeing strong institutional investor interest in scaled healthcare delivery and pharmaceuticals assets in the capital markets. Many of these listed entities are trading at huge premiums, which is a reflection of demand and supply in this space," Buggana said.

Employees' Provident Fund Organisation (EPFO) on Wednesday said it has extended the last date for employers to upload wage details for higher pension by five months. The extension of time for the employers to upload the wage details online is till May 31, 2024, said the Ministry of Labour and Employment in a statement. Earlier, the deadline to upload wage details for higher contributions was December 31, 2023.