Gap Financial News

The longtime president of the William and Flora Hewlett Foundation, Larry Kramer, will step down from his role at the end of 2023

Australian financial services firm Macquarie is looking to enter the credit space in India by launching a non-banking financial company (NBFC) as part of an electric vehicle (EV) platform it is planning to set up in the country. The NBFC will help commercial fleet operators avail credit and address a major gap in India’s EV ambitions, two people aware of the matter said. Macquarie will soon apply for a licence with the Reserve Bank of India (RBI), the two people said.

₹29 per kg to traders and processors, according to the government. The directive has been issued after the food ministry came to know that rice is sold at ₹43 per kg to ₹50 per kg in the retail market. The government in July had banned exports of non-basmati white rice and imposed a 20% export duty on parboiled rice to improve domestic availability and affordability of the commodity.

BofA sees the US Federal Reserve cutting rates four times in 22024, as it now predicts faster growth and lower inflation for the US economy.

Narendra Modi on Sunday inaugurated the Tamil-Kashi Sangamam's version 2 at the Namo Ghat in his constituency, Varanasi. The Sangamam's inaugural version was held in 2022. However, the event this year hold significance for the Bhartiya Janata Party (BJP) ahead of the 2024 Lok Sabha Polls.

It was a classic breakout for the Dow as the index recorded a new all-time high.

Zee Entertainment Enterprises Ltd. gained 0.39 per cent to Rs 278.45 in Monday's session as of 02:11PM (IST) even as the equity benchmark Sensex traded 139.88 points lower at 71343.87. Earlier in the day, the stock witnessed a gap down start to the session.

LTIMindtree Ltd. traded at Rs 6154.3 on BSE at 01:30PM (IST) on Monday, up 0.4 per cent from previous close. The scrip quoted a 52-week low price of Rs 4120.0 and a high of Rs 6215.8.

DLF Ltd. traded at Rs 694.8 on BSE at 01:35PM (IST) on Monday, down 1.5 per cent. The stock quoted a 52-week low price of Rs 336.55 and a high of Rs 708.5.

ICICI Lombard General Insurance Company Ltd. traded at Rs 1456.05 on BSE at 01:09PM (IST) on Monday, up 0.37 per cent from previous close. The scrip quoted a 52-week low price of Rs 1049.1 and a high of Rs 1491.95.

fire-charred decade. In polls of 12 rich countries by Pew, an American think-tank, the share of respondents who said it was a “major threat" rose in every country except South Korea, where it was already high (see chart 1). Clear majorities everywhere bar Israel agreed with this description.

Shriram Finance Ltd. fell 0.99 per cent to Rs 2057.75 in Monday's session as of 12:59PM (IST) even as the equity benchmark Sensex traded 89.47 points lower at 71394.28. Earlier in the day, the stock witnessed a gap down start to the session.

Jubilant Foodworks Ltd. traded at Rs 563.0 on BSE at 01:04PM (IST) on Monday, down 0.38 per cent from previous close. The stock quoted a 52-week low price of Rs 412.2 and a high of Rs 576.65.

SRF Ltd. traded at Rs 2446.1 on BSE at 12:02PM (IST) on Monday, up 0.29 per cent from previous close. The stock quoted a 52-week low price of Rs 2050.0 and a high of Rs 2636.65.

Godrej Consumer Products Ltd. traded at Rs 1041.5 on BSE at 11:52AM (IST) on Monday, up 0.06 per cent from previous close. The stock quoted a 52-week low price of Rs 860.9 and a high of Rs 1101.55.

Bonus shares 2023: The board of directors of Salasar Techno Engineering Ltd is soon going to consider issuance of bonus shares to its eligible shareholders. The telecom infra company has informed Indian stock market bourses that its board of directors will consider and approve proposal for bonus shares in its meeting scheduled on 20th December 2023 i.e.

In his inaugural address to the first Industrial Conference in Pune in 1890, Mahadev Govind Ranade noted that “the industry of the country is parched up for want of Capital" because after land revenue, a considerable portion of gross savings was used to hoard bullion. The lack of institutional arrangements for industrial finance meant that capital was locked up in unproductive assets and not available to India’s entrepreneurs. A century later, the German economic historian Dietmar Rothermund came to a similar conclusion.

Uber is increasing efforts in India for new mobility verticals such as intercity rides, hourly rentals and reserved bookings, some of which have seen more than 40% year-on-year growth over the past 12 months. The company has expanded the intercity service to around 100 cities and is adding new features to the offering that increases the average ticket size on the platform. In the last two months, it has allowed users to book roundtrips on their intercity rides.

GMR Visakhapatnam International Airport, said people with knowledge of the matter, paving the way for the GMR Group to build its fourth airport in the country. GMR Airports currently operates the Delhi, Hyderabad and Goa airports in India, and an airport each in the Philippines and Indonesia. Among the five lenders, REC has sanctioned the highest amount of Rs 1,245 crore, followed by India Infrastructure Finance Company (IIFCL) (Rs 860 crore) and Exim Bank (Rs 455 crore), the people said. The other two members in the consortium are Central Bank of India which sanctioned Rs 364 crore and Bank of Maharashtra that has agreed to lend Rs 291 crore, the people said. The project cost, estimated to be Rs 4,727 crore, would be funded by Rs 3,215 crore debt of debt, equity and equity-linked instruments of Rs 1,377 crore and an Andhra Pradesh government grant of Rs 135 crore.

What is the structure and scope of the new L&D Fund? An exclusive L&D Fund was formed in the dying hours at COP27 in Sharm el-Sheikh as SIDS, Africa and other developing countries insisted upon a dedicated corpus to aid developing countries reeling under climate change-induced extreme weather and slow onset events. Though the fund was formed, decisions on its structure, scope and character were left for Dubai. A transitional committee constituted to shape the fund made recommendations after multiple meetings over the past year.

Moneycontrol quoted independent surveys as saying. According to No Broker's Real Estate Report 2023 and consultancy firm Anarock, Bengaluru’s prominent areas soared by over 30 percent in 2023.