Gap Financial News

A Rs 60,000 crore loss, Sebi crackdown, and a hope for banks As India shifts its investing habits, the allure of high-risk, high-return options is strong. However, this isn't for everyone, as Indian households are losing about Rs 60,000 crore in derivatives trades in a year. Sebi chief noted, «If Rs 50-60,000 crore annually is lost in F&O (futures & options) trades, that money could be better utilized in IPOs, mutual funds, or other productive areas.» The capital markets regulator reported that retail investors alone lost Rs 52,000 crore in FY24, highlighting the need for stricter controls.

Nifty opened with a gap down on Friday after reaching a new all-time high in the previous session and experienced weak price action throughout the day, closing down by 293 points. Meanwhile, the Bank Nifty has been underperforming and may continue to do so.

₹10 for 200 ml packs. This led to two big players dropping prices, significantly widening the gap between nectar and cola prices, Punmiya said. Cola is a ₹50,000 crore market and nectar is about ₹1,250 crore, he said.

Venezuelan trap shooter Leonel Martinez, age is just a number. He is back at the Olympics after 40 long years and is not ready to walk into the sunset just yet. Martinez finished 28th in men's trap competition of the Paris Games, missing only nine of his 125 shots. It was his second Games appearance after the Los Angeles Olympics back in 1984. The next edition of the mega event will be staged in Los Angeles and Martinez says it is only fitting he finishes from where he started four decades ago. «I have a light inside guiding me towards Los Angeles 2028. That is the future for me. The work for that starts right now. I will be working with my body and with my mind. This sport is 90 per cent mental,» said Martinez, who is not a firm believer in sports science.

Tata Elxsi Ltd. traded at Rs 6919.4 on BSE at 10:40AM (IST) on Friday, down 0.3 per cent. The stock quoted a 52-week low price of Rs 6406.6 and a high of Rs 9191.1. Earlier in the day, the stock saw a gap down opening.

₹33,500 crore. Large as this may seem, it’s only 40% of what the company was earlier looking at, reportedly, and also a steep drop from its last funding round, which valued it at $5.4 billion. Naturally, too, Ola’s ramp-up to this stage invites closer scrutiny.

Massachusetts Gov. Maura Healey has signed into law a bill requiring businesses with 25 or more employees to disclose a salary range when posting a job

Being worth a million dollars used to be the exception, but for Canadian households it is now just average — though it isn’t quite as straightforward as it sounds. Data released by Statistics Canada in June showed that in the first quarter of 2024, average household net worth reached $1,009,483, an increase of about 2.5 per cent from a year ago and up nearly 28 per cent from the final quarter of 2019, the last full quarter before the pandemic. While total household wealth may be at a record, it isn’t the first time average wealth has passed the million-dollar threshold. For three quarters during the pandemic, when real estate values ballooned and savings rates soared, average household wealth also topped seven figures. Stock market gains have helped fuel the latest wave of wealth growth, contributing to inequality along the way.

It appears advisors are failing their clients in the most crucial way possible – giving them advice.

opens on Fridayat a scaled-down valuation. The initial public offering (IPO) pricing values India’s largest electric scooter maker at $4 billion, about 25% discount to the valuation based on the last private funding round in September. In fact, the valuation is also sharply lower from as much as $7 billion that news reports had said the company’s founder was initially aiming at, but had received investor pushback.

The state of Uttar Pradesh is deceptively large. Working-age women (20-59 years) in the state—about 57 million in 2021—outnumber the entire population of countries like Canada, Australia, Malaysia, and South Korea. The state has more women aged 20-29 than the combined population of Norway, Finland and Denmark.

United Spirits Ltd. traded at Rs 1412.6 on BSE at 12:18PM (IST) on Thursday, down 0.02 per cent. The stock quoted a 52-week low price of Rs 976.0 and a high of Rs 1450.0. Earlier in the day, the stock saw a gap down opening.

₹5 lakh to ₹15-20 lakh, higher upfront margins to be paid for trades, allowing only one weekly expiry per exchange (as opposed to daily), and the intraday monitoring of position limits. These and other steps would be in addition to the action it took earlier. On its part, the Centre’s budget has doubled the securities transaction tax on futures and options.

RBI) and muted expenditure during the general election.

A robust majority of US adults agree change is needed in the Social Security system, according to a new survey from the Nationwide Retirement Institute.

The Georgia Ports Authority says it moved a record number of automobiles across its docks in the 2024 fiscal year, bringing it neck-and-neck with the top U.S. auto port

Automatic tax filing services have opened up to thousands of more Canadians as part of a national pilot project.

A new Olympics meme coin is generating a huge buzz in crypto trading circles as Olympic fever rises and crypto influencers bet that 100x gains are possible.

Next, Decathlon, Primark, GAP, Walmart, Pepco, and Tesco are planning to ramp up sourcing from India, industry executives told ET.

Europe’s economy enjoyed only modest growth in the April-June quarter even as the U.S. outperformed expectations, highlighting a persistent transatlantic growth gap with Germany, the leading European economy, remaining in the dumps and as hesitant cons...

The income gap between white and Black young adults was narrower for millennials than it was for Generation X