Gap Financial News

NEW DELHI : The government is reviewing the country’s legal framework to identify gaps that financial offenders could exploit for laundering money, with possible tweaks in rules and regulations expected over the next few weeks, two people familiar with the development said. The focus is to ensure the legal system stands the scrutiny of the Financial Action Task Force (FATF) recommendations. India is undergoing a peer review by the UN body, which assesses the technical compliance of its recommendations and the effectiveness of a country’s anti-money laundering and anti-terror financing framework.

Working longer is among the best ways to ensure you don't outlive your retirement savings. The problem is, you can't count on it as a strategy.

FOX Business correspondent Lydia Hu has the latest on issues parents face when entering the workforce on 'The Big Money Show.'

insurance companies must furnish for policyholders essential policy details, such as the sum assured, coverage specifics, exclusions, and claims procedure, in a standardised format to ensure straightforward comprehension of the terms and conditions, PTI reported. The Insurance Regulatory and Development Authority of India (IRDAI) has updated the current customer information sheet to present fundamental details about the purchased policy in a more easily comprehensible format, it said.

The gap between the U.S. and European economies is widening, with growth and inflation on different trajectories as the fallout from the war in Ukraine weighs on Europe’s prospects. The European Union’s statistics agency Tuesday said the combined gross domestic product of the eurozone’s 20 members fell by an annualized 0.4% in the three months through September, having increased by 0.6% in the previous quarter.

Key Industry Solutions to Drive Growth TMEIC provides various sophisticated solutions that power progress across a multitude of industries. From metals and mining to cement, renewable energy, oil and gas, crane systems, and many more. Here are the prominent solutions that help TMEIC stand out: TMEIC’s other core solutions and services include modernization, operations support systems, power quality, process control, production line innovation, and much more.

«We exited March almost at 70% of our capacity at Rs 550 crore a month. And we wanted to demonstrate the operating leverage. And we said that for this full year, this is the range of volume we will do for the whole year,» says Shachindra Nath, Vice Chairman & MD, U GRO Capital. It was a solid show yet again from you. The AUM is up 74%. Net disbursements continue to be quite high. Quite a bit of improvement on the profitability front as well. Talk to us about sustainability of all of this? Let us say, as far as AUM is concerned, what is the target for FY24? As I have said this to you in our last quarter result as well, that we built up our capacity in last two and a half years. We are almost five-year-old company. In last two and a half year, we heavily invested into both our distribution and liability infrastructure and data technology which drives revolution which we are trying to bring in MSME financing in India. We exited March almost at 70% of our capacity at Rs 550 crore a month. And we wanted to demonstrate the operating leverage. And we said that for this full year, this is the range of volume we will do for the whole year.

GAIL (India) Ltd. traded at Rs 116.95 on BSE at 01:59PM (IST) on Tuesday, down 1.43 per cent from previous close. The stock quoted a 52-week low price of Rs 87.9 and a high of Rs 132.45.

Info Edge (India) Ltd. rose 0.46 per cent to Rs 4096.95 at 11:57AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

We at ET Markets have always remained at the cutting edge of all new investment opportunities and explore them to guide and help our readers profit from it. With the introduction of ETMarkets Crypto Corner, presented in collaboration with Mudrex, we are embarking on a journey to uncover the complexities of this technology-driven investment landscape and shed light on the potential risks involved. Our mission is to carefully document every aspect of the cryptocurrency journey, promoting awareness while providing essential guidance on the regulatory landscape and upcoming norms. «As India experiences a surge in cryptocurrency adoption, accompanied by emerging regulatory guidelines, our commitment is to bridge the knowledge gap. Being the leading player in the market, Mudrex envisions creating a comprehensive resource that serves crypto investors and enthusiasts. Collaborating with ETMarkets is a crucial step towards empowering all investors to build confidence in the asset class and make informed decisions,» said Edul Patel, CEO and Co-founder of Mudrex. Alankar Saxena, CTO and Co-founder of Mudrex, said, «In the dynamic world of cryptocurrencies, Mudrex is committed to equipping investors with invaluable financial insights and user-friendly technology. Thus breaking down barriers and ensuring accessibility for all. Our collaboration with ETMarkets aligns with this mission. Together, we are dedicated to shaping a future where everyone can confidently navigate the crypto landscape and make the right investing choices with ease.»

Icra Ltd., the sector is expected to log a 3-5% growth in FY24, down from 9.2% in FY23. Indian IT’s key sectors of banking, financial services, insurance, retail and telecom are predicted to be particularly affected by spending cuts. All this will lead to squeezed margins.

If you’re a woman advisor looking to support other women, Sharon Hayut says the Women Advisor Summit is the event you’ll want to attend.

(Reuters) -General Motors and the United Auto Workers (UAW) union reached a tentative agreement, two sources familiar with the matter told Reuters on Monday, effectively ending the simultaneous strike against the Detroit Three automakers with record wage and benefit hikes.

Vodafone Idea (Vi) expects to finalize its equity funding discussions by the end of this quarter, the telecom operator's chief executive Akshaya Moondra said during the earnings call on Monday. Moondra noted the commitment from promoters to put in ₹2,000 crore remains firm. This might be concurrent with investments from external equity parties.

₹1 lakh per year, will grow faster than its upper end. The middle class currently represents 31% of India’s population and is expected to reach 40% by 2031. The room for growth is huge, given the big gap in average income between India and developed countries and India’s large youth bulge in a rapidly ageing world.

The yield on the benchmark 10-year U.S. Treasury note touched 5% for the first time in 16 years last week, spurring debate about whether it has peaked or just taken another step in its long and disruptive climb. Treasury yields play a critical role in determining borrowing costs across the economy.

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Jubilant Foodworks Ltd. traded at Rs 498.2 on BSE at 01:03PM (IST) on Monday, down 1.35 per cent from previous close. The scrip quoted a 52-week low price of Rs 412.2 and a high of Rs 627.75.

Sensex traded 220.59 points higher at 64003.39. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 775.0 and a 52-week low of Rs 557.15 on NSE.

Zomato, etc. Also read: How women-led startups bridge the gender funding gap in India? Startups led by women have also received funding support from venture capitalists.