Gap Financial News

MUMBAI : Although growth in mutual fund (MF) investments has outpaced bank deposits, the asset managers have quite a bit of catching up to do as banks still maintain a considerable lead in attracting incremental funds. Banks got deposits worth ₹225 for every ₹100 going into MF schemes in the June quarter, according to an analysis of data from the Reserve Bank of India (RBI) and the Association of Mutual Funds in India (Amfi).

Guardians of the Galaxy Vol. 3 is all set to be released on OTT or streaming platform on August 2. The movie will have digital premier on Disney+, 90 days after its theatrical release on May 5 this year. Disney has announced the global premiere date for Guardians of the Galaxy Vol. 3 on Disney+, honoring a 90-day theatrical window before its streaming release. This move demonstrates Disney's commitment to supporting the exhibition industry and establishing longer gaps between theatrical and streaming releases.

They wanted a person of colour," or its cousin: “No one wants to hire a White guy right now." Such rejoinders are casually asserted as fact these days: Being a Caucasian man, they claim, makes it harder to get hired in the US, especially in elite positions. Since the Supreme Court ruling curtailing the use of race in university admissions, corporate diversity, equity and inclusion initiatives are being targeted as discriminatory. Labour market data, however, supports the opposite conclusion: Caucasian men have every advantage.

A veteran economist and banker had been getting ready to retire in the weeks before Chinese leader Xi Jinping picked him to lead China’s central bank, according to officials familiar with the matter. Now, Pan Gongsheng is set to take the reins at the People’s Bank of China as it confronts an urgent challenge: whether and how to defend the Chinese yuan. The Chinese currency’s value has been sliding this year, as the world’s second-largest economy stagnates.

The NITI Aayog, on Tuesday, released the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework, an assessment tool that will allow stakeholders to jointly assess projects at the technology readiness level (TRL), commercialization readiness level (CRL), and market readiness level (MRL) scales. The framework is expected to help the government prioritize funding, setting regulations, mitigate risks and enhance public-private partnership.

₹11. In 1997, I saw Steven Spielberg’s The Lost World at Anupam Cinema in Delhi. The ticket was priced at an unheard of ₹75.

Stage 16 of the Tour de France took place on Tuesday, covering a distance of 22.4 km from Passy to Combloux. It was an individual time trial for the men's elite category. The wind was blowing from the east at a speed of 3 km/h. The route and finish profiles were semi-mountainous. Here are the top finishers: Jonas Vingegaard from Denmark, riding for Jumbo — Visma, is first with a time of 32 minutes and 36 seconds. Tadej Pogacar from Slovenia, representing UAE Team Emirates, is at second, 1 minute and 38 seconds behind the leader. Wout van Aert from Belgium, riding for Jumbo — Visma, is in third position, with a time gap of 2 minutes and 51 seconds. Pello Bilbao from Spain, representing Bahrain Victorious, is fourth, 2 minutes and 55 seconds behind the leader. Simon Yates from Great Britain, riding for Team Jayco — AlUla, is in fifth position, with a time gap of 2 minutes and 58 seconds.

MLS All-Stars take on Arsenal, all eyes will be searching for new MLS recruit Argentina’s midfielder Lionel Messi, but they will be disappointed. Inter Miami will have to play their first Leagues Cup match against LIGA MX on July 21 and Messi will not be available for MLS All-Stars. Former Manchester United striker Wayne Rooney has been appointed new head coach of DC United and he will lead the MLS Al-Stars squad against Arsenal. MLS Al-Stars team consists of 28 of the leading league footballers. Former Premier League striker Christian Benteke will fill the gap created by the absence of Messi. On the other hand, the Gunners will have players like new recruits Declan Rice and Kai Havertz.

New Delhi: The fourth Energy Transitions Working Group (ETWG) meeting under India’s G20 Presidency will be held in Goa from 19 July, the ministry of power said on Tuesday. The two-day meeting will bring together over 100 delegates from G20 member countries, special invitee countries, and several international organisations, it added.

₹200,000 – either at one time or in phases with a minimum deposit of ₹1,000, in multiples of ₹100.  Individuals can open multiple accounts but a minimum time gap of three months is to be maintained between the existing account and the opening of another account.  Partial withdrawal can be initiated by the account holder or the Legal Guardian (in case of a minor) up to 40% of the eligible balance after completion of one year from the date of opening of the account. The interest is compounded quarterly and credited to the Mahila Samman Savings Certificate account.

By Sayan Chatterjee

Jubilant Foodworks Ltd. fell 0.98 per cent to Rs 470.0 in Tuesday's session as of 01:43PM (IST) even as the equity benchmark Sensex traded 150.73 points higher at 66740.66. Earlier in the day, the stock witnessed a gap up start to the session.

Stock market today: Despite Bank Nifty index losing over 100 points during Tuesday deals, some banking and financial stocks have attracted buying interest of Dalal Street bulls and have hit a new 52-week high. Shares of Punjab National Bank (PNB), ICICI Bank, Suryoday Small Finance Bank, Can Fin Homes and Ujjivan Financial Services are one of them. These fie financial shares have hit a new 52-week high today despite selling pressure at Bank Nifty today.

Ambuja Cements Ltd. rose 0.19 per cent to Rs 417.15 at 12:30PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session.

SRF Ltd. traded at Rs 2224.6 on BSE at 12:41PM (IST) on Tuesday, down 0.68 per cent. The stock quoted a 52-week low price of Rs 2082.15 and a high of Rs 2864.35.

Republic Day 2023. While speaking at the Adani Group AGM 2023, the Indian billionaire said that Hindenburg Research report was a combination of targeted misinformation and discredited allegations, the majority of them dating from 2004 to 2015.  After this strong counter attack by Gautam Adani against the US-based short seller, Adani group shares witnessed huge buying interest during early morning deals on Tuesday.

US Federal Reserve in near term. In that case, selling in the US dollar triggered buying interest in gold prices. Gold future contract for August 2023 expiry on Multi Commodity Exchange (MCX) opened higher at ₹59,215 per 10 gm levels and went on to hit intraday high of ₹59,313 per 10 gm levels within few minutes of commodity market's opening bell today.

Stock market today: After announcement of acquiring Kurl-On and Furlenco Furniture, Sheela Foam shares have been in huge uptrend for the last two trade sessions. In last two sessions, Sheela Foam share price has surged from ₹1121.25 apiece on NSE to ₹1369.95 apiece levels, logging around 22 per cent rise in this time. Sheela Foam share price today opened with an upside gap and went on to hit intraday high of ₹1369.95 apiece on NSE, logging around 15 per cent rise within few minutes of stock market opening on Tuesday.

Stock split 2023: After ushering in the new year 2023, Sigachi Industries shares have remained in base building mode but in last few sessions, the small-cap stock is trying to come out of this sideways trend. In last one month, this small-cap stock has risen from around ₹248 to ₹295 apiece levels, logging around 20 per cent upside in this time.

Washington| As fears of artificial intelligence stealing jobs start turning into reality, one Florida-based Australian private investment manager predicts that there will no longer be value in paying fund mangers to invest in listed markets.

analytics software provider to business-to-business (B2B) marketing teams, said on Tuesday it has raised $3.6 million in funding led by Stellaris Venture Partners. Returning investors in this pre-Series A funding round included Elevation Capital and Emergent Ventures. Both had co-led a $2 million seed funding round in August 2021.