Gap Financial News

As I wrote this blog, the S&P 500 index is up roughly 17% year-to-date. Most likely, your portfolio isn’t. This is a common frustration among many investors in the market this year in particular. As discussed previously, the S&P 500 index performance is a bit deceiving. The majority of the gain in the market this year has come from essentially seven stocks with the largest concentration in the index in terms of market capitalization.

Ernst and Young. Pahilajani is the only woman among her team members, with a ratio of 9:1 (Men to Woman). Women are taking the stride every day in their careers.

OneWeb has been granted the necessary regulatory approvals from the Indian National Space Promotion and Authorization Centre (IN-SPACe) to launch commercial broadband services in India. OneWeb, which has recently completed a merger with France’s Eutelsat, has become the first entity in India to be granted the approval from IN-SPACe. With approval from IN-SPACe, the Eutelsat OneWeb has secured all the necessary permissions and now needs spectrum allocation from the Department of Telecommunications (DoT) to commence commercial connectivity services. IN-SPACe is the agency of the Government of India, responsible for regulating space activities and granting authorisation for conducting the space activities in the country. Bharti Group Chairman and Vice-President (Co-Chair) of the Board of Directors of Eutelsat Group, Sunil Bharti Mittal, said Eutelsat OneWeb is ready to deploy as soon as it receives the final spectrum authorization to launch commercial services. Any entity which wants to offer satcom services in India must get approvals from IN-SPACe, a global mobile personal communication by satellite services (GMPCS) licence and spectrum from the DoT.

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₹3,401 per share, hitting a new record of all-time high on BSE on Tuesday’s trading session. The market capitalization of Titan company also crossed ₹3 lakh crore mark on November 21. Titan shares have consistently contributed ₹1 lakh crore to its market capitalization every two years.

wages increase by 7.2% on average in 2022 compared with 7% for women, according to a new report. Globally, the paycheque increase was 6.7% on average for men compared with 6% for women, says the ‘ADP Research Institute's People at Work 2023: A Global Workforce View’ report. The report, based on a survey of more than 32,000 workers across 17 countries, shows that the gender pay gap in India was lower than the global average. It says male and female workers in India expect their pay cheques to increase at the same rate-- 8%--over the next 12 months. Some 63% of the Indian survey participants expressed confidence in their company's advancement toward achieving gender pay equality over the last three years. This surpasses countries in the Asia-Pacific (APAC) region, with Australia at 34%, China at 51% and Singapore at 31%. While men received slightly higher pay raises last year, they are still more inclined than women to express dissatisfaction with their compensation.

Kirloskar Electric Company share price surged 11.5% on Tuesday's trading session following the announcement that the management had ended the lockout at Kirloskar Electric's Bengaluru Rural District unit. Kirloskar Electric share price opened at ₹129 apiece on BSE.

Stock market today: After profit booking trigger during Monday deals, Yes Bank share price today witnessed strong buying interest among stock market bulls. Yes Bank shares today opened with an upside gap at ₹20.30 per share levels on NSE and went on to hit intraday high of ₹20.45 apiece, regaining its 10-month higher levels, which it has climbed last week. According to stock market experts, Yes Bank shares are looking positive from both technical and fundamental perspective.

A social media post with a GDP tracker that shows India’s economy having attained $4 trillion in size has found its way to the political arena, with ruling party leaders, including a Union minister, holding it up as evidence of economic success, even as the opposition questions the data’s veracity. With that size, India is shown to have narrowed the gap with Germany and Japan, which India is poised to overtake and become the world’s third-largest economy.

Emissions Gap Report from the UN Environment Programme (UNEP) finds that current pledges under the Paris Agreement put the world on track for a 2.5-2.9 degrees Celsius temperature rise above pre-industrial levels this century, pointing to the urgent need for increased climate action. Released ahead of the 2023 climate summit in Dubai, the Emissions Gap Report 2023: Broken Record — Temperatures hit new highs, yet world fails to cut emissions (again), finds that global low-carbon transformations are needed to deliver cuts to predicted 2030 greenhouse gas emissions of 28 per cent for a two-degree pathway and 42 per cent for a 1.5-degree pathway. «We know it is still possible to make the 1.5 degree limit a reality. It requires tearing out the poisoned root of the climate crisis: fossil fuels.

Sugar prices are soaring in many places

₹5,600 crore to procure 800,000 tonnes at the MSP of ₹7,000 crore per quintal and ₹2,400 crore for 400,000 tonnes of masur at ₹6,000 a quintal MSP. However, the procurement expenses may be over and above this, the official added.

NEW DELHI : Purple Style Labs, the parent of luxury fashion omni-channel platform Pernia’s Pop-Up Shop, has secured an $8-million (about ₹66.6 crore) Series-D round led by Sanket Parekh of the Pidilite family office, with participation from Signet, the family office of Harish Shah, Hira Group’s family office and other investors. Existing investors also participated, including Singularity Growth Opportunities Fund I, Neelesh Bhatnagar of NB Ventures, fashion designer Masaba Gupta, and the former partners of Premji Invest, Rahul Garg and Atul Gupta. The company was valued at $352 million for the fundraising.

UN said Monday, urging G20 nations to boost emissions cuts. The UN Environment Programme's annual Emissions Gap report is released just ahead of crucial COP28 climate talks in Dubai and will feed into the global response to a sobering official «stocktake» of the failure to curb warming so far. With this year expected to be the hottest in human history, UNEP said «the world is witnessing a disturbing acceleration in the number, speed and scale of broken climate records». Taking into account countries' carbon-cutting plans, UNEP warned that the planet is on a path for disastrous heating of between 2.5C and 2.9C by 2100.

Learnbay, a leading professional upskilling ed-tech startup is delighted to unveil its cutting-edge Master's Degree following a high-profile collaboration with Woolf, the world's pioneering global collegiate institution. This innovative program offers two specialized tracks in Computer Science - Data Science and Data Analytics, Artificial Intelligence and Machine Learning. Additionally, a unique focus on Software Engineering will be available, setting a new standard for academic excellence in the tech domain. Highlighted below are the core specializations offered in the Master’s Degree1. Master in CS - Specializations This alliance is set to offer a Master's qualification that stands shoulder-to-shoulder with those from premier institutions in the US & Europe.

unicorn Razorpay has rolled out a ‘returnship’ programme for female professionals on a break who are looking to return to the workforce. Last month, the Bengaluru-based company launched ‘Resume with Razorpay’, under which it provides a six-month internship to female professionals to facilitate their return to work. The programme is being offered to women who have taken a break of two or more years. According to the company, more than 12,000 women have applied for it so far. Eight in 10 women who have taken a career break intend to return to work, and four in 10 women are now ready for full-time jobs, according to data from HerKey (formerly JobsForHer), a career engagement platform for women. “To start with, we have opened this up for various roles in our engineering team.

₹70,000 crore so far this fiscal. Part of the reason is the government's decision to withdraw ₹2,000 notes from circulation in May this year. Meanwhile, the total number of ATMs increased by about 3,000, or by about 1.2%, during this period.

Jubilant Foodworks Ltd. traded at Rs 520.7 on BSE at 01:34PM (IST) on Monday, down 1.42 per cent from previous close. The stock quoted a 52-week low price of Rs 412.2 and a high of Rs 564.0.

₹66.6 crore) in a series-D funding round led by Sanket Parekh of the Pidilite family office. The funding had been raised at a valuation of $352 million, said Purple Style, the parent company of Pernia’s Pop-Up Shop, a luxury fashion omnichannel platform. The round also saw participation from Signet (Harish Shah’s family office), Hira Group’s family office and other investors.

In asset markets, irrational exuberance offers space to profit from it if one can bet on a correction forced by a reality check. The more inflated a price is, the bigger the chance to make a buck.

Day trading guide for today: After witnessing choppy trade throughout the day, Indian stock market ended lower on Friday. Nifty 50 index lost 33 points and ended at 19,730 levels, BSE Sensex went down 187 points and closed at 65,794 mark while Nifty Bank index corrected 577 points and finished at 43,583 levels. Both DIIs and FIIs remained net sellers on the previous session.