Gap Financial News

Dividend stock 2023: The board of directors of Oberoi Realty Ltd is going to consider and approve proposal for interim dividend in its board meeting schduled today. Oberoi Realty has already informed Indian stock market about the proposal.

Treasury yields rebounded Wednesday, reflecting concerns that interest rates might stay high for long. Fears that the Hamas-Israel conflict may widen into a bigger regional turmoil added to the negative sentiment. The fall in global crude prices did not aid sentiment. Extending the losing run to the sixth straight session, the Nifty closed below 19,000 for the first time since June 28 amid intense selling by foreign portfolio investors.

Analysts at most brokerages retained or raised their price targets on Axis Bank after the lender reported a robust net interest margin (NIM) compared to its peers in the bank's second-quarter results. The stock gained 1.87% to close at ₹973.35 on Thursday. The average price target on Axis Bank of all analysts compiled by Bloomberg following the second quarter results is ₹1,169.78, implying an upside of almost 20.18% over Thursday's closing. Shares of peers HDFC Bank were down by 2.28%, ICICI Bank by 0.67%, and Kotak Mahindra Bank by 1.92%, while the Nifty Bank index declined 1.29%. «The key highlight was stable NIM quarter-on-quarter led by better lending yields and relatively lower slippages.

Real-world asset tokens are a growing trend in the cryptocurrency market. They represent tokenized projects with a tangible presence in the physical world – ensuring solid utility and use cases.

H-1B visa process for speciality occupations could harrow the scope of applicants who qualify for the visa, said IT industry body Nasscom in a preliminary note. On October 23rd, the US Department of Homeland Security (DHS) released a proposed rule intended to modernize, improve, and increase flexibility in the H-1B visa program. The H-1B non-immigrant visa program allows US employers to temporarily hire foreign workers for specialized occupations that require a bachelor's degree or higher. Nasscom has also welcomed some of the proposed changes. The proposed rule is currently open for a 60-day comment period. Nasscom will be making a formal submission and has already begun a thorough industry assessment of the proposed rule. Nasscom said, in a note, that sections of the proposed rule align with the former (US) administration’s unsuccessful attempts to limit the H-1B program in a manner that raises concerns for the IT industry. “For example, the proposed tightening of the definition and requirements for H-1B “specialty occupations” narrows the scope of applicants who will qualify for an H-1B visa and ignores the nature of our modern workforce, not found in the Immigration and Nationality Act (INA). This and other hurdles in the proposed rule create difficulties for companies attempting to hire the necessary skilled workers to fill key, and currently unfilled, jobs across STEM fields,” said Nasscom.

Tata Consultancy Services (TCS), who, the union alleged, had been left “stranded and jobless" after the IT major failed to follow through its offer of employment with an actual job, according to a report in the Mint. "Delayed onboarding" refers to companies not transitioning their job offers into actual, salaried positions. This issue surfaced after the Covid-19 pandemic, which disrupted businesses globally.

After a kiss of death from overbearing production that almost returned US natural gas futures to mid-$2 pricing, the obverse kiss of life emerged from speculators this week to restore mid-$3 pricing. 

Indian Hotels Company Ltd. traded at Rs 374.85 on BSE at 01:39PM (IST) on Thursday, down 3.74 per cent from previous close. The scrip quoted a 52-week low price of Rs 280.2 and a high of Rs 436.25.

SRF Ltd. traded at Rs 2110.3 on BSE at 01:08PM (IST) on Thursday, down 1.56 per cent. The stock quoted a 52-week low price of Rs 2050.0 and a high of Rs 2639.8.

Siemens Ltd. traded at Rs 3390.0 on BSE at 11:16AM (IST) on Thursday, down 0.92 per cent. The stock quoted a 52-week low price of Rs 2692.0 and a high of Rs 4066.1.

(Reuters) — Ford Motor (NYSE:F) and United Auto Workers (UAW) union negotiators reached a tentative labor deal after a six-week strike, UAW President Shawn Fain said on Wednesday, agreeing on a 4-1/2-year contract that would provide a record pay boost.

Occasionally, we stumble upon a graph that deserves more than the paragraph or two we typically allot in the Commentary. The chart below, courtesy of SoFi and Bloomberg is one example. It compares real rates and stock valuations.

By Ranjan Dhar India, currently the fastest-growing major economy, is set to emerge as the third largest by 2027, propelled by a host of factors, including favourable demographics, stable and progressive policies with a strategic focus on infrastructure, digitisation, manufacturing, logistics, trade, and energy transition. Despite strong global headwinds and rising interest rates, India is still expected to grow between 6.5 per cent and 7.0 per cent by 2030. Steel will be at the heart of industrial expansion, which is why India plans to double steel production to 300 million tonnes per annum by 2030.

Gump's San Francisco store owner John Chachas discusses his open letter to state officials about the downtown crime crisis on 'Cavuto: Coast to Coast.'

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Establishment of such a team may also facilitate succession planning, “especially in the background of the regulatory stipulations" related to the tenure and upper age limit for managing directors and chief executive officers, the banking sector regulator added.

Singapore-based digital currency payments firm Triple-A has completed a $10 million Series A funding round. 

Shriram Finance Ltd. fell 3.74 per cent to Rs 1810.55 in Wednesday's session as of 01:39PM (IST) even as the equity benchmark Sensex traded 500.84 points lower at 64071.04. Earlier in the day, the stock witnessed a gap up start to the session.

PI Industries Ltd. fell 1.2 per cent to Rs 3363.9 in Wednesday's session as of 01:29PM (IST) even as the equity benchmark Sensex traded 463.2 points lower at 64108.68. Earlier in the day, the stock witnessed a gap down start to the session.

As winter approaches, a Vermont ski town that was hit by severe flooding this summer wants to get the word out that its very much open, with only a handful of businesses still rebuilding

ICICI Lombard General Insurance Company Ltd. traded at Rs 1393.8 on BSE at 12:48PM (IST) on Wednesday, down 0.55 per cent from previous close. The stock quoted a 52-week low price of Rs 1049.1 and a high of Rs 1422.85.

Gold rate today: On account of 10-year US bond yield retracing from 16-year higher levels of 5 per cent and dip in US dollar against major global currencies, commodnity market experts have recommended investors to buy precious bullion metals in current dip. They said that weakness in the US dollar and 10-year US Treasury yield is expected to enable gold and silver prices to bounce back from its support levels. Gold price today opened lower at ₹60,.478 per 10 gm levels and went on to hit intraday low of ₹60,436 levels within few minutes of comodity market's opening bell during Wednesday morning deals on Multi Commodity Exchange (MCX).