Gap Financial News

Markets are becoming increasingly confident that the Federal Reserve will start cutting interest rates in 2024. The first cut is expected at the March 20 monetary policy meeting.

Investing.com — The S&P 500 advanced slightly Wednesday, inching closer toward record highs as signs of an upbeat consumer sentiment pointed to underlying strength in economy ahead of key inflation report due Wednesday. 

Ottawa rolled out its timeline for the full transition to electric vehicles on Tuesday, but some industry watchers are concerned the path to get there is not realistic.

Sales of previously occupied U.S. homes rose in November, ending a five-month skid, as easing mortgage rates encouraged homebuyers

Investing.com — Oil prices rose Wednesday to two-week highs on increased concerns that geopolitical tensions in the Red Sea will result in disruptions to global crude supply.

₹100,000 per megawatt (MW) for wind energy projects and ₹50,000 per MW for wind transmission projects. This deposit will be returned upon successful project operation and decommissioning.

Asian buyers, who are scrambling for cheaper alternatives, particularly as New Delhi is unlikely to lift the curbs before general elections next year. The world's biggest exporter of onions banned shipments on Dec. 8 after domestic prices more than doubled in three months following a drop in production. Now retail shoppers from Kathmandu to Colombo are struggling with high prices, since traditional Asian buyers, such as Bangladesh, Malaysia and Nepal, and even the United Arab Emirates, rely on imports from India to bridge domestic gaps.

Haven’t ordered any of your holiday gifts yet

Lupin Ltd. traded at Rs 1275.9 on BSE at 12:50PM (IST) on Wednesday, up 0.44 per cent from previous close. The scrip quoted a 52-week low price of Rs 628.1 and a high of Rs 1319.9.

Avenue Supermarts Ltd. fell 0.52 per cent to Rs 4000.0 in Wednesday's session as of 01:00PM (IST) even as the equity benchmark Sensex traded 206.86 points higher at 71644.05. Earlier in the day, the stock witnessed a gap down start to the session.

Shriram Finance Ltd. rose 1.68 per cent to Rs 2094.35 at 10:31AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.

early-stage venture capital firm Blume Ventures said it has achieved returns of more than five times of invested capital from its first fund, including an extension fund. Through the Fund-I and Fund-IA (the extension fund), the firm invested a total of Rs 114 crore between 2010 and 2015. As much as 98% of the returns were generated from 17 companies or a fifth of the portfolio of the first fund.

Kraken Ventures, Fabric Ventures, Arca, and Inovo.vc joined the round as well as existing investors Speedinvest, Credo Ventures and Seedcamp. Fiat secured $3.5 million in financing in 2022.The startup offers a single API integration coupled with a single compliance touchpoint, providing crypto platforms with access traditional transaction banking services, cutting the time and cost of processing fiat currencies.The company is also building a coalition of crypto platforms to "transform the perception of cryptocurrencies in traditional financial circles and focusing them on seeking partnership rather than conflict".Meanwhile, Fiat has been granted a full electronic money institution licence by De Nederlandsche Bank, enabling it to provide regulated financial services across the European Economic Area.

Target and Amazon are all-in on the shipping wars, a move retail experts say will help them maintain a competitive edge against low-cost Chinese retailers Shein and Temu. For Walmart and Target, their investments are also aimed at narrowing the gap in delivery speed with Amazon, which has set the standard for fast shipping and remains the king of speed. Amazon packages have been arriving at the doors of Prime customers even faster this year under the company's new distribution model, which divides the country into eight regions and predominantly ships items from warehouses in those areas. The idea, according to Amazon, is to get shipments to travel shorter distances with fewer touchpoints, which helps the company not only speed up deliveries but also cuts down on costs.

credit rating agencies and reforming the structure of the multilateral development banks (MDBs) to mobilise funds for green and sustainable growth across developing nations. “The way forward involves a new toolkit of policies and a reform of the structure of the MDBs to help them engage in capital mobilisation, better project implementation, joint financing, risk sharing and making sustainable infrastructure an asset class,” the Aayog said in its report on a Green and Sustainable Growth Agenda. The report, developed by NITI Aayog in collaboration with the International Development Research Centre (IDRC), Ottawa, and the Global Development Network (GDN), New Delhi, has been compiled following a G20 international conference on the theme in July this year.

US state and local retirement funds are pumping billions into private credit, joining the stampede into a booming sector of finance in the pursuit of higher returns. 

Premier League (IPL) as the most expensive player in history. Kolkata Knight Riders secured his services with a whopping bid of Rs 24.75 crore in Tuesday's players' auction. Starc surpassed the previous record held briefly by Australia captain Pat Cummins, who was bought by Sunrisers Hyderabad for Rs 20.50 crore.

The cryptocurrency landscape is constantly evolving, with new projects and innovations emerging to challenge the established giants. In this article, we’ll delve into the performance expectations for Ethereum (ETH) and Retik Finance (RETIK) in 2024, exploring their unique features, potential upgrades, and what analysts are predicting for these two blockchain giants.

ZURICH (Reuters) -Cevian Capital has taken a 1.3% stake in UBS, worth around 1.2 billion euros ($1.31 billion), the activist investor group said on Tuesday.

Bharat Forge Ltd. traded at Rs 1219.95 on BSE at 11:52AM (IST) on Tuesday, up 1.12 per cent from previous close. The stock quoted a 52-week low price of Rs 744.0 and a high of Rs 1220.0.

₹12,370 crore to a staggering ₹7.5trillion by end FY23. This growth trajectory has been anchored by the Alternative Investment Fund (AIF) guidelines introduced in 2012, which standardized the industry across various categories and led to an impressive ₹7.6 trillion in cumulative commitments by mid-2023.