Gap Financial News

Delhi airport's Eastern Cross Taxiways that help reduce taxiing time as well as fuel consumption by aircraft, according to a top official. The Indira Gandhi International Airport (IGIA) in the national capital, operated by DIAL (Delhi International Airport Ltd), handles up to 1,500 aircraft movements daily. In a recent interview, DIAL CEO Videh Kumar Jaipuriar said assuming 10-15 per cent of aircraft use the Eastern Cross Taxiways (ECT), it is expected that there would be saving of around 55,000 tonnes of carbon dioxide.

DUBAI: Lack of progress on designing a framework for a global goal on adaptation, or measures taken by countries to live with and become more resilient to adverse impacts of climate change, could derail a successful conclusion to the COP28 climate talks. While emission reduction or mitigation has clear goals-the temperature target of well below 2C and pursuing efforts to limit the temperature increase to 1.5C, there are no comparable targets for adapting to impacts of climate change. The 2015 Paris Agreement addresses this gap through the decision to put in place a global goal that mirrors that for mitigation. Over 8 workshops and two years countries have been working to develop this framework, which countries are expected to agree to in Dubai.

Nifty not only ended at a fresh lifetime high, but it also closed with gains for the sixth consecutive week. The markets piled up decent returns despite some signs of consolidation in the second half of the week. The last two days were choppy. However, on a weekly note, volatility, as represented by INDIA VIX remained unchanged.

Capital markets regulator Sebi is looking to come out with a framework for the issuance of subordinate units by REITs and InvITs to sponsors and their associates.Additionally, the regulator has proposed a framework for unit-based employee benefits (UBEB) in the context of REITs (real estate investment trusts) and InvITs (infrastructure investment trusts).

NEW DELHI : The role of artificial intelligence in catering to mental health needs has significantly increased, allowing for technology to somewhat address the paucity of trained professionals, especially in India. “India has 175 psychiatrists per 100,000 people, whereas there really should be three times the number of psychiatrists. In the US, we have the same problem as well," said Carin-Isabel Knoop, executive director of Harvard Business School, delivering her keynote address at the 2023 Mint AI Summit.

NGT) has directed several states to make «further efforts» to improve the air quality and «fully utilise» the funds received under the National Clean Air Programme (NCAP) and the 15th Finance Commission. The tribunal, the order passed on December 5, also instructed the states concerned to file a further action taken report within eight weeks.

Nifty Bank. Bank Nifty has grappled with underperformance in the past 5 years compared to the benchmark Nifty50. The banking index recorded a growth of 78%, notably trailing behind Nifty50, which witnessed a 96% surge during the same period.

Troy Sharpe, CEO of Oak Harvest Investment Services, says his interest in investments — and in retirement planning in particular — took root in his childhood. Having been raised by his grandparents, he witnessed his grandfather’s health crisis, which occurred shortly after he stopped working.

Reserve Bank of India (RBI) Governor Shaktikanta Das did so on Friday. In just about two hours after what appeared to be a declaration of victory over inflation after nearly 20 months of tense battle, Das damped it. «We do not communicate anything inadvertently, let me make it very clear,» Governor Das told reporters during the customary interaction after the latest policy review that was earlier interpreted as setting the stage for an easing of monetary policy.

Gaza, giving Arab leaders more time to try to persuade the US to let it pass. Top diplomats from countries including Egypt, Qatar and Jordan were set to meet with Secretary of State Antony Blinken in Washington later Friday amid a push for the US to abstain from voting. Given the US's status as a veto-wielding permanent member of the council, a no vote would kill the resolution.

Retik Finance (RETIK), however, stands out with its audacious vision and a suite of groundbreaking solutions that aim to not just disrupt DeFi but to reshape the very way we interact with money. Retik Finance is a comprehensive and innovative project in the decentralized finance (DeFi) space. It's designed to integrate cryptocurrency more seamlessly into everyday financial activities, thereby broadening the accessibility and practical utility of digital currencies.

A turbulent economy has slowed demand for law firms. You wouldn’t know it from what they are paying for top talent. Elite firms are in a financial arms race to attract and retain lawyers who bring in big books of business, shelling out millions to poach star partners and in some cases entire practice groups.

Yesterday was a very boring day in my view. The job report comes today, and it feels like everything I read is about November being a strong job report because of the autoworkers and screenwriters coming back to work.

banking sector by 2047 with substantial Indian ownership, universal access to banking and other financial services for all our citizens at the lowest intermediation costs, financial services secretary Vivek Joshi said. Speaking on the NextGen Reforms at the CII Global Economic Policy Forum 2023, Joshi said cybersecurity and digital data protections will be an area of concern and emphasised on a need for continuous review of financial reforms to identify regulatory gaps and overlaps and benchmark them with the best global practices. “The expenditure on cyber security arrangements needs to be enhanced by all stakeholders.

The regulator has also decided to come out with a unified regulatory framework on connected lending for all the regulated entities to avoid gaps in regulation. «The extant guidelines on connected lending are limited in scope and are not applicable uniformly to all regulated entities,» RBI Governor Shaktikanta Das said Friday, while announcing the monetary policy. Connected lending or lending to persons who are in a position to control or influence the decision of a lender can be of concern, if the lender does not maintain an arm’s length relationship with such borrowers. Such lending can involve moral hazard leading to compromise in pricing and credit management, RBI said. It may be noted that ICICI Bank chief executive Chanda Kochhar had to step down in 2018 for charges of favouring Videocon Group for the loan.

The regulator has also decided to come out with a unified regulatory framework on connected lending for all the regulated entities to avoid gaps in regulation. «The extant guidelines on connected lending are limited in scope and are not applicable uniformly to all regulated entities,» RBI Governor Shaktikanta Das said Friday, while announcing the monetary policy. Connected lending or lending to persons who are in a position to control or influence the decision of a lender can be of concern, if the lender does not maintain an arm’s length relationship with such borrowers. Such lending can involve moral hazard leading to compromise in pricing and credit management, RBI said. It may be noted that ICICI Bank chief executive Chanda Kochhar had to step down in 2018 for charges of favouring Videocon Group for the loan.

Bandhan Bank Ltd. traded at Rs 235.15 on BSE at 01:14PM (IST) on Friday, down 1.3 per cent. The stock quoted a 52-week low price of Rs 182.2 and a high of Rs 272.0.

SBI Cards and Payment Services Ltd. traded at Rs 769.7 on BSE at 11:36AM (IST) on Friday, up 0.23 per cent. The stock quoted a 52-week low price of Rs 690.9 and a high of Rs 932.35.

This new measure will come into effect from December 30 and will be reviewed after six months. The Reserve Bank of India today decided to keep the policy rate unchanged at 6.5% for the fifth time in a row as it maintains a tight vigil on inflation.

LTIMindtree Ltd. traded at Rs 5642.0 on BSE at 10:51AM (IST) on Friday, up 1.32 per cent from previous close. The scrip quoted a 52-week low price of Rs 4120.0 and a high of Rs 5668.25.

DLF Ltd. gained 1.24 per cent to Rs 656.8 in Friday's session as of 10:20AM (IST) even as the equity benchmark Sensex traded 300.57 points higher at 69822.26. Earlier in the day, the stock witnessed a gap up start to the session.