Gap Financial News

start-ups, has been awarded the 2X Flagship Fund status by the 2X Flagship Fund Committee. Caspian Debt’s candidature was proposed by its existing investors Nederlandse Financieringsmaatschappij Voor Ontwikkelingslanden N.V. (FMO) and United States International Development Finance Corporation (DFC), based on its three-year track record of exceeding the investment commitments to 2X qualified companies, as well as on the gender diversity of its team.

NEW DELHI : The stock of coal at mines and transit has increased 39% over last year, coal minister Pralhad Joshi said on Wednesday, amid concerns over stocks being too low to meet the power demand. Writing on X (formerly Twitter), the minister said state-owned Coal India Ltd’s production has increased 12.8% so far in the July-September quarter to 123.4 million tonnes. In the first quarter of the fiscal, its production stood at 175.5 million tonne, 9.8% higher compared to the corresponding period last fiscal.

Three quarters of family offices are shifting their primary focus towards wealth and investment management according to a new global survey from Citi Private Bank’s Global Family Office Group.

Kota to prepare for medical entrance exam NEET, a 16-year-old girl from Jharkhand's Ranchi allegedly hanged herself to death in her hostel room, police said. According to official figure, Richa Sinha became the 23rd student who committed suicide in Kota this year, the highest ever for the country's coaching hub.

Last Friday, we cautioned that spot gold, which some investors tend to look at more closely than gold futures, could drop beneath $1,915 an ounce or alternatively run above $1,930. 

Rakesh Arora, Managing Partner, Go India Stocks, says “cement is our preferred pick for the next few months. In steel, largely it is the long products which are seeing some bit of an uptick. But China has been producing a lot of steel and they have been exporting and so steel prices have not really been moving up in the global market. Any hint of a little bit of demand pickup is resulting in raw metal prices, iron ore and coking coal moving much ahead of steel prices.”Everybody is stunned by the magnitude of market fall yesterday. In isolation it looks ugly, but do you think that was an overbought market which was looking for a reason to correct? And unfortunately yesterday was that day.It is a minor correction in the whole scheme of things. And actually stocks are stabilising today, so I do not really see too much worry. Obviously, when something is overbought, such corrections are welcome and then only the strength of the up move can actually, the strength is much better if there are these kinds of corrections during the up move.

Bajaj Holdings & Investment Ltd. traded at Rs 7046.0 on BSE at 12:48PM (IST) on Wednesday, down 1.3 per cent.

MphasiS Ltd. traded at Rs 2449.2 on BSE at 12:18PM (IST) on Wednesday, down 0.75 per cent from previous close. The scrip quoted a 52-week low price of Rs 1660.65 and a high of Rs 2550.95. Earlier, the stock saw a gap down opening in the morning. A total of 3,610 lakh shares changed hands on the counter till 12:18PM (IST). The stock of MphasiS Ltd.

IBM. Speaking at the flagship IBM Think conference in Mumbai, on Tuesday, Paul Burton, general manager, IBM Asia Pacific, and Sandip Patel, managing director, IBM India and South Asia, said that skill gaps and talent scarcity are also driving larger investments in artificial intelligence (AI) and automation.

DHARMESH SHAHHead-Technicals, ICICI SecuritiesWHAT DO THE TECHNICAL INDICATORS INDICATE ON MID AND SMALL-CAP STOCKS? We are in a structural bull market depicted by the acceleration of upward momentum in broader market post breakout from the fi ve-year consolidations of the Nifty Midcap vs. Nifty ratio line.

Two Former Wells Fargo advisors, who oversaw approximately $280 million of assets, have joined Linsco by LPL Financial, the firm announced Monday.

G20 summit was the 'value' of the India stake in foreign policies of other countries. For that alone, countries made compromises, thus ensuring a successful summit for India. So, what is the India stake? Put simply, almost all G20 countries want to invest in their relationship with India for long term.

Reliance Retail Ltd, said. Prasad, however, did not share the timeline of the stores expansion plan. In July 2022, Reliance had signed long-term partnership agreement with Gap Inc., to launch the American fashion brand in India.

NEW DELHI : The union cabinet will soon consider the ₹6,000-crore incentive scheme for coal gasification projects. The cabinet note has been finalized and moved for approval, said two people in the know of the development. The government will provide incentives for gasification under three components—those that are led by public sector units, those sponsored by private sector companies and pilot projects.

₹1.5 lakh threshold to qualify for state payouts. The idea of charging customers separately for a charger came in handy for some, enabling a lower vehicle price, but this dodge was called out by policy monitors. While grey areas may exist in letter over how the product is defined, the spirit of a qualifying price cap was clear all along.

Digital India journey has yielded substantial impact at scale. Insights from it were shared with the G20.

Au Small Finance Bank Ltd. traded at Rs 718.65 on BSE at 12:28PM (IST) on Tuesday, down 2.21 per cent from previous close. The scrip quoted a 52-week low price of Rs 548.15 and a high of Rs 794.95. Earlier, shares of the company saw a gap down opening in the morning. A total of 21,546 lakh shares changed hands on the counter till 12:28PM (IST). The stock of Au Small Finance Bank Ltd.

lithium six- to seven-fold. All told, a carbon-neutral world in 2050 will require 35m tonnes of green metals a year, predicts the International Energy Agency, an official forecaster. Adding aluminium and steel to the mix, the ETC forecasts that demand between now and then will hit 6.5bn tonnes.

Info Edge (India) Ltd. fell 0.23 per cent to Rs 4499.35 in Tuesday's session as of 11:57AM (IST) even as the equity benchmark Sensex traded 191.95 points higher at 67319.03. Earlier in the day, the stock witnessed a gap up start to the session.

Page Industries Ltd. fell 0.34 per cent to Rs 41516.55 at 11:37AM hours (IST) on Tuesday.

Crompton Greaves Consumer Electricals Ltd. fell 1.09 per cent to Rs 313.45 in Tuesday's session as of 11:32AM (IST) even as the equity benchmark Sensex traded 131.37 points higher at 67258.45. Earlier in the day, the stock witnessed a gap up start to the session.