Gap Financial News

The Federal Reserve hopes a new, faster-payments system will let U.S. bank customers send and receive money almost instantly, but it could be years before the speedier network gains widespread traction. The Fed this week is expected to launch its long-awaited FedNow system, which is intended to allow bill payments, paychecks and other common consumer or business transfers to be available quickly and around the clock, officials said.

Nuh district, women are taking action by writing postcards — an estimated 10,000 of them — addressed to Prime Minister Narendra Modi. Led by activist Sunil Jaglan, the founder of the 'Selfie with Daughter' campaign, the initiative aims to highlight the lack of higher education opportunities for women in the area, reports ToI.

Dusminute has raised Rs 11.5 crore in a bridge round led by Inflection Point Ventures. The funds will be utilized to drive Dusminute’s growth in Bangalore. The round has seen participation from multiple existing investors and industry veteran angel investors syndicated by an angel investor and banker Bandana Kankani.

Voltas Ltd. traded at Rs 783.65 on BSE at 10:56AM (IST) on Thursday, up 0.74 per cent from previous close. The stock quoted a 52-week low price of Rs 737.6 and a high of Rs 1063.45.

Krsnaa Diagnostics share price plunged over 10% on Thursday after Rajasthan government terminated tender to supply lab services under National Health Mission. Krsnaa Diagnostics shares began trading at intraday high of ₹486.25 apiece on BSE.  In an exchange filing, the company stated that this was in reference to the acceptance of a letter of award from the National Health Mission (NHM), Rajasthan, which it described as "the authority" for the provision of "Laboratory Services under Free Diagnostics Initiative on HUB and SPOKE Model under NHM" throughout the entire state of Rajasthan to the Company in consortium with the Telecommunications Consultants India Ltd ('TCIL'), which was the lead bidder and a 100% Government of India undertaking.

₹92.60 apiece on BSE.  The company in an exchange filing stated that it had received a "Stop Deal" notice from GETCO dated July 13, 2023, which had been physically received by RPAD on July 19, 2023, and that GETCO had decided to stop doing business with the company for a period of three years on the grounds that the company had allegedly submitted forged MDCC relating to certain Transformers supplied by the company under the Contract awarded for supply of total 29 Transformers and 1 Reactor.  The company confirmed further, stating that, as of right now, it has already provided 24 transformers and 1 reactor to GETCO in accordance with the aforementioned Contract. Additionally, based on past conversations about this matter with GETCO, it has successfully completed additional inspection tests in accordance with GETCO's specifications, and the above-mentioned transformers and reactor supplied under the said contract are in use at GETCO.

Nigeria is trying to make Africa’s largest economy reliant on its own wheat production

Buy or sell stocks for today: Following strong global cues and Wall Street gains, Indian stock market ended higher for fifth straight session on Wednesday. NSE Nifty ended 83 points higher at 19,833 levels, BSE Sensex surged 302 points and closed at 67,097 mark while Bank Nifty index finished 258 points up at 45,669 levels.

Oregon wildfire activity this week. The Flat Fire, has expanded to 8,204 acres by Tuesday morning, compared to 5,500 acres the previous day, as reported by firefighting teams. The fire is currently active in the Oak Flat and Agness area within Oregon's Rogue River-Siskiyou National Forest. It is located near the junction of the Illinois and Rogue rivers, approximately one hour east of Gold Beach. Fire teams have projected that the fire will continue to be active on Tuesday, resulting in thick smoke affecting nearby communities. Consequently, an air quality alert has been issued for southern Curry County and certain regions of western Josephine County. Moreover, in order to alert residents, a red flag warning has been issued for the Willamette Valley today from 2 to 8 p.m. This warning is due to the combination of high temperatures, strong winds, and low humidity, which create conditions favorable for rapid fire spread. The warning emphasizes the need for extra caution regarding potential sources of ignition, especially in grassy areas. Outdoor burning is strongly discouraged during this time. Keeping in mind the dire situation, it is crucial to understand what you can do to stay safe amid heat, fire and smoke.

NHPC Ltd plans to take its clean energy subsidiary NHPC Renewable Energy Ltd (NREL) public or sell its stake to strategic investors through private placements in two-three years, Rajendra Prasad Goyal, director, finance, NHPC, said in an interview. The hydropower major is looking to add solar capacity, and once the projects in the pipeline are commissioned, they will be moved to NREL. Currently, NHPC’s green energy projects, primarily comprising solar power, are under the parent company, though the green energy subsidiary was incorporated in February 2022 for developing its renewable, small hydro and green hydrogen portfolio.“Our plan is to first develop projects under NHPC, and then we will demerge these projects and shift them to NHPC Renewable and then list the company, or bring in strategic investors to create more value.

Nigeria is trying to make Africa’s largest economy reliant on its own wheat production

Porter, a tech-based on-demand logistics companies, announced the introduction of its Inter-city Courier Services, aimed at transforming the way goods are transported across the country. This tech-enabled Inter-city delivery offering is set to ease the logistics landscape by providing doorstep pickup and delivery services to a wide range of customers, including SMEs, retail businesses, and regular consumers.

Manipur grapples with ethnic violence involving Meiteis and Kukis, several other communities in its villages are also suffering the perils of conflict, living amid danger and uncertainty every day. In Ward Number 9 of Kwatka Municipal Council between Phuoljang and Phaogakchao villages, there is palpable fear among inhabitants as they face unannounced gunfire and the alleged «nonchalant attitude» of local authorities. In the humble settlement dotted by small huts, fresh scars of violence are etched on walls and roofs that bear innumerable chinks caused by bullets from the relentless crossfire. Inside, the furniture and kitchen utensils are riddled with countless holes, each one representing a bullet that pierced through the fragile walls and serving as a haunting reminder of the danger that lurks outside. Speaking on behalf of the villagers of Phaogakchao, Wahid Rehman describes the dire situation they find themselves in. «We are living on the edge, with no certainty about the future. The crossfire begins suddenly, and it can last for hours on end. We have seen some of our fellow villagers flee to nearby relatives to escape the situation, but for those of us who have nowhere else to go, we are forced to live with the constant reminder of the dangers we face,» he says.

Meerut has been arrested for fabricating his 22-year-old brother's documents in order to obtain a false passport and a study visa for Singapore. The arrest was made after the younger sibling submitted a complaint. Sachin Rana, the accused and resident of Mirzapur village under Badgaon police station, was determined to pursue overseas studies, but his academic gap years (having completed class 12 in 2013) made it challenging for him to obtain a visa legitimately.

budget deficit target for this fiscal year is very slim at the moment despite weather hindrances, divestment revenue risks and meek corporate tax collections, thanks to support from the central bank, economists said. “The government has clearly got a much better dividend from the Reserve Bank of India,” Upasna Bhardwaj, Senior Economist, Kotak Mahindra Bank, told ET Online.

SUV-coupe variant of the XUV500, at the Auto Expo back in 2016. Recently, exciting news has emerged as the test mule of this vehicle has been spotted on Indian roads for the very first time.  Alongside it, another test mule, that of the XUV700, was also seen during the testing phase. This development has sparked anticipation and curiosity among automotive enthusiasts, eager to witness the innovative design and features that these new models may bring to the market.

Jubilant Foodworks Ltd. gained 1.05 per cent to Rs 475.65 in Wednesday's session as of 12:10PM (IST) even as the equity benchmark Sensex traded 9.48 points lower at 66785.66. Earlier in the day, the stock witnessed a gap up start to the session.

Shree Cements Ltd. traded at Rs 24009.95 on BSE at 12:15PM (IST) on Wednesday, up 0.21 per cent from previous close. The stock quoted a 52-week low price of Rs 19845.3 and a high of Rs 27013.0.

Australian tourism and airport operators say a decision to block Qatar Airways from expanding services into east coast cities will hurt consumers and businesses, rubbishing suggestions that the state-backed airline would distort the market for carriers trying to restore international capacity.

IMF) Tuesday cautioned that inflation could remain higher for longer, requiring even more monetary policy tightening, as it pitched for strengthening global safety nets to protect the vulnerable sections of the population. IMF chief Kristalina Georgieva, in her observations at the G20 finance ministers and central bank governors meeting, called upon the membership to restore the primacy of multilateral lender's quota resources by successfully completing the 16th quota review by the end of this year.

At its meeting of 26 parties on Tuesday, the opposition named its alliance for the 2024 general elections the Indian National Developmental Inclusive Alliance — or INDIA. While each word has justification, the acronym suggests a case of reverse engineering for impact.