Gap Financial News

Reliance Industries, Indian equity indices advanced in a volatile trade on a Monday. Nifty managed to defend the support of 19,300 and ended at 19,356.

Tokenization, today, is no longer a buzzword but a phenomenon that needs more comprehension. Over the years, on-chain tokenized securities have gained acceptance among the big shots of the finance sector that want to leverage it for newer investment opportunities. 

Bangalore (Karnataka) [India], July 10: DaveAI, an artificial intelligence platform that helps brands create personalized and immersive sales experiences powered by Virtual Avatars, unveiled its generative AI pipeline during the grand opening of its new office in Bangalore, India.  DaveAI is one of the very first Indian companies to launch Virtual AI Avatars that are leveraged by brands like Maruti Suzuki India, Karnataka Bank, Kotak Mahindra Bank etc to improve their sales & customer experience. DaveAI's virtual avatars are powered by its proprietary AI sales brain which predicts affinities between customers and products.

Former CNN reporter Saima Mohsin has launched a legal battle against the news channel, accusing them of unfair dismissal and racial discrimination following a serious injury she sustained while reporting in Israel. The British-Pakistani journalist was left with a disability after her foot was run over by her cameraman's car during coverage of the Israel-Palestine conflict in Jerusalem. The incident caused extensive tissue damage, making it challenging for her to sit, stand, walk, or return to work full-time.

fight against inflation, the state of America’s labour market has taken on extraordinary importance. Its health is a crucial indicator of whether the battle is being won or lost. Initially the covid-19 pandemic was to blame for many of the workforce gaps, since people were less inclined to venture out for employment.

Also read: Women Entrepreneurship in India: How women-led startups bridge the gender funding gap? The United Nations has designated the theme for this year's event as "Unleashing the power of gender Equality: Uplifting the voices of women and girls to unlock our world's infinite possibilities." The United Nations established World Population Day in 1989. The initiative was proposed by Dr. KC Zachariah to mark the day when the global population reached five billion on July 11, 1987.

Small-cap stock below ₹100: Xchanging Solutions shares are one of the multibagger stocks that Indian stock market has produced in post-Covid bounce back. The small-cap stock with a market cap of around ₹1,000 crore witnessed strong buying interest during early morning deals and climbed to a new 52-week high of ₹93.65 on NSE.

earnings of PVR Inox are expected to disappoint due to continued weak performance of Bollywood movies.  According to a report by Prabhudas Lilladher, national box office revenues for Bollywood productions, including Hindi-dubbed films, saw a 20% sequential decline in Q1FY24 and a 28% year-on-year (YoY) drop. “We expect PVR-Inox to report footfalls of 33 million with pre Ind-AS Ebitda (earnings before interest, tax, depreciation and amortisation) margin of 5.8%.

₹11,000.The Hyundai Creta has managed to maintain its popularity despite the new rivals. Hyundai is also determined to ensure its presence across all segments of the SUV market.

“Lot of family offices and UHNIs are now actively investing in these bond strategies, and over the years it has become much more mainstream for capital allocators,” saysMohamed Irfan, Fund Manager at Vivriti AMC. In an interview with ETMarkets along with PMSBazzar, Irfan said: “A typical HNI/UHNI, depending on age and other goals – can allocate somewhere between 10% -20% in alternates. Within that, there could be private equity, venture capital etc.” Edited excerpts: Thanks for being part of the segment. Vivriti has a wide variety of fund catering to the credit market. Tell us more about the Mid-Market Performing Credit space and how you are addressing the financing gap in India? From our view, companies that have a good amount of vintage, profitability, and a proven business model form the bulk of the mid-market performing credit space.

Khagam', has come out in a graphic novel format in English, to cater to Gen Z readers. 'Khagam', which tells the scary tale of an arrogant man gradually turning into a snake, is the first English graphic novel based on one of Ray's short stories, though more are likely to follow. Ray better known as the movie maestro who put India on the global map, was also a versatile artist-designer and best-selling author.

NEW DELHI : The Institute of Chartered Accountants of India (ICAI), which selected the financial statements of 101 companies for review in the 12 months to February 2023, will complete the process in a few months, said the chief of the accounting rule maker and audit self-regulator. The exercise will serve as a test of the robustness of statutory auditing at companies.

NEW DELHI : The Centre is likely to roll out the much-anticipated viability gap funding (VGF) scheme for coal gasification in the next two to three months, said the union minister for parliamentary affairs, coal and mines Pralhad Joshi. In an interview, the minister said the proposal for VGF support worth ₹6,000 crore has been approved by the expenditure finance committee (ECF). “In principle, finance ministry has allocated around ₹6,000 crore.

Development Monitoring and Evaluation Office (DMEO), an attached office of NITI Aayog, will evaluate the regional connectivity scheme popularly known as UDAN. The monitoring body has issued an RfP for evaluation of the scheme which is expected to kick-start later this year. UDAN is the government’s regional airport development program and part of the Regional Connectivity Scheme (RCS) of upgrading under-serviced air routes.

celestial event, the holy month of Sawan commenced on July 4, with the much-anticipated first Sawan Somwar (Monday) slated to occur on July 10. This year, after a gap of 19 years, Sawan will be an extended affair, spanning two months until August 31, according to the Hindu calendar. Devotees of Lord Shiva hold this period in high regard, as it is believed that observing fasts and worshiping the deity during Sawan Somwar can bestow upon them blessings of prosperity, health, wealth, and happiness.

₹1,891,085, with the most common earnings being ₹576,851, according to the Average Salary Survey figures as of July 2023. There is a notable difference in salaries between men and women, as men receive an average salary of ₹1,953,055, while women earn an average salary of ₹1,516,296. These figures reflect the existing gender pay gap in the country.

Mark Cavendish, former world champion Mads Pedersen showcased his prowess by securing a second-stage victory at the Tour de France. With an impressive surge of power, Pedersen emerged victorious in a mass sprint during the 201-kilometre (125-mile) eighth stage from Libourne to Limoges in central France. Defending champion Jonas Vingegaard retained the coveted yellow jersey. Pedersen demonstrated exceptional strength along the lengthy final stretch, fending off a late charge from Jasper Philipsen, who had previously claimed victory in all three sprints earlier in the race. The 2023 Tour de France's eighth stage covered a challenging 200.7km route from Libourne to Limoges. Starting in the renowned wine region of Bordeaux, the stage meandered through the hilly landscapes of the Dordogne and Limousin regions. The course presented four categorized climbs, including the Côte de Champs-Romain (303m), the Côte de la Crouzille (323m), the Côte de Saint-Sylvestre (302m), and the Côte de la Bussière (353m). The final ascent, the Côte de la Croix-de-Perche (289m), spanned 4.8km with an average gradient of 5.5%.

By Andrea Shalal and Yew Lun Tian

Delhi riots. Additional Sessions Judge Pulastya Pramachala passed the order while hearing a case against Sahil, Dinesh, Tinku, Sandeep, Vikas Kashyap and Sonu, who were accused of being a part of a riotous mob that committed trespass and thefts in a shop in Bhagirathi Vihar during the riots on the intervening night of 24th and 25th February 2020. They were also accused of being members of an unlawful assembly that committed arson, trespass and theft in a nearby house around 9 pm on February 24.

Kerala and Maharashtra — taking the second best spot in the grading.Chandigarh took the top spot alongside Punjab, making a return to the summit. However, no state in the country managed to get top marks across the board, with the rankings featuring an overall category, based on various domains like access, learning outcomes, infrastructure, equity, teachers' training and governance processes. The education ministry on Friday released PGI-2021-22, which is an index for evidence-based comprehensive analysis of the school education system in India.

India's GDP. Despite the growth of the MSME sector, they struggle to be a part of the mainstream financial ecosystem. This is where Deep Tier Supply Chain Finance comes into play.Deep Tier Financing is a business solution that leverages business relationships within the supply chain.