Gap Financial News

«It is under review, and there could be some relief for banks, which have demanded incentives to shore up deposits,» said a government official. A final call on the proposal will be taken closer to the budget announcement.

Jubilant Foodworks Ltd. traded at Rs 582.65 on BSE at 02:10PM (IST) on Friday, up 0.18 per cent. The stock quoted a 52-week low price of Rs 420.85 and a high of Rs 587.0. Earlier in the day, the stock saw a gap up opening.

Hamas has accepted a U.S. proposal to begin talks on releasing Israeli hostages, including soldiers and men, 16 days after the first phase of an agreement aimed at ending the Gaza war, a senior Hamas source told Reuters on Saturday. The militant Islamist group has dropped a demand that Israel first commit to a permanent ceasefire before signing the agreement, and would allow negotiations to achieve that throughout the six-week first phase, the source told Reuters on condition of anonymity because the talks are private.

Global Gender Gap Index by the World Economic Forum (WEF), Pakistan finds itself near the bottom of the list, with only Sudan ranked lower among 146 nations surveyed. This marks a further decline from its 142nd position last year, reflecting a worsening situation for women in the country, Dawn reported. Women's rights activists have issued impassioned pleas for both state and societal commitment to address gender disparities effectively. They emphasise the need to redefine the roles prescribed to women by Pakistsociety and the government. The annual index evaluates gender parity across four critical dimensions: economic participation and opportunity, educational attainment, health and survival, and political empowerment. Leading nations in gender parity include Iceland, Finland, Norway, New Zealand, and Sweden, as reported by Dawn.

Bandhan Bank Ltd. traded at Rs 204.85 on BSE at 12:33PM (IST) on Tuesday, down 0.46 per cent from previous close. The stock quoted a 52-week low price of Rs 169.45 and a high of Rs 263.15.

budget could unveil a scheme aimed at bridging the credit gap and other financing issues for the micro, small and medium enterprises (MSME) sector, said people familiar with deliberations. While the contours of the scheme are yet to be finalised, it may involve an outlay upwards of ₹10,000 crore, they said. Interventions being examined included interest subvention for working capital, credit guarantees, refinance and some form of support towards equity, they said, adding that a special window for women entrepreneurs was also being considered. A final decision will be taken closer to the budget, which is to be presented on July 23.

SpacePay has introduced improved crypto solutions that make using digital currencies for everyday transactions easy.

Zee Entertainment Enterprises Ltd. traded at Rs 148.9 on BSE at 12:23PM (IST) on Monday, down 1.35 per cent. The stock quoted a 52-week low price of Rs 126.15 and a high of Rs 299.5. Earlier in the day, the stock saw a gap up opening.

India’s technology sector will need more than 1 million engineers with advanced skills in artificial intelligence and other capabilities over the next 2-3 years, an industry body estimates, a demand that won’t be met unless the government significantly beefs up education and training in the country. The sector will need to reskill more than half of its existing workforce to take up jobs in fields such as AI, big data analytics and cyber-security, said Sangeeta Gupta, senior vice president and chief strategy officer at the National Association of Software and Service Companies, based in Bengaluru. New college graduates will only be able to fill a quarter of the advanced tech jobs needed, she said. “Employability of the workforce is a huge challenge and will require a fair amount of work,” Gupta said in an interview Monday. “The industry can’t do with a one-time up-skilling, it has to be a continuous journey amid a fast changing digital landscape.”

Zimbabwe and India will be looking to the future when they start a five-match Twenty20 international series at the Harare Sports Club on Saturday. Outgoing Indian coach Rahul Dravid described India's win in the T20 World Cup in Barbados last Saturday as the end of «a journey of two years». With the next T20 World Cup scheduled for India and Sri Lanka in 2026, the series in Zimbabwe marks the start of a new two-year journey for both sides.

Is India’s unemployment problem being exaggerated? Going by the latest KLEMS data released by India’s central bank—which tracks inputs of capital, labour, energy, materials and services—that may seem to be the case. It shows employment in the country grew 6% in 2023-24, up from 3.2% in 2022-23. In absolute terms, the economy added 46.7 million jobs in 2023-24, compared with 19 million in 2022-23 and 11.9 million in 2021-22.

The federal government has spent $22 billion in recent years on technology from the top 100 national-security startups, a paltry portion of overall contract spending and less than half of what venture capitalists have invested in those same companies. The gap underscores the discrepancy between the surge of venture capital funding for defense technology and the U.S. government’s spending on substantial contracts to startups.

India’s rapidly growing youth population is a double-edged sword for its economic aspirations. While the demographic dividend presents a tremendous opportunity for growth, capitalizing on it calls for equipping the workforce with skills in line with the changing demands of the global economy. World Bank data shows a concerning trend: India’s labour mobilization rates have fallen from over 70% in 1990 to 56% in recent years.

Bengaluru/Mumbai: In the run-up to the Union Budget 2024, Indian fintech firms are seeking regulatory clarity, hassle-free licensing procedures, tax considerations, and provisions for financial inclusion to facilitate easier access to credit for small and medium enterprises (SMEs), in their wishlist for the finance ministry. As the fintech industry looks to deepen their presence, they seek a clearer regulatory framework that establishes legal recognition, licensing procedures and supervision which will help level the field with traditional lenders.

«Such indiscriminate import of waste/scrap tyres is not only an environmental and safety concern but also undermines the very purpose of Extended Producers Responsibility (EPR) Regulation on Waste Tyres which is in place since July 2022,» it added. Raising the concern, ATMA Chairman Arnab Banerjee said,«The import of waste/scrap tyres into India needs to be restricted through policy measures and, if necessary, allowed only in multiple cut or shredded form.»

Ambuja Cements Ltd. fell 1.65 per cent to Rs 681.0 at 01:55PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 95,618 shares with a turnover of Rs 6.52 crore till 01:55PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 46.88, while the price-to-book value ratio stood at 3.25.

Adani Power Ltd. traded at Rs 715.7 on BSE at 12:43PM (IST) on Thursday, up 0.09 per cent from previous close. The scrip quoted a 52-week low price of Rs 235.7 and a high of Rs 896.75.

banks to find ways to bridge the gap between credit and deposit growth and reduce credit-deposit ratio, raising concerns over the persistent higher credit growth than deposit mobilisation which could pose a risk in business sustainability. The central bank Governor Shaktikanta Das held a meeting with the heads of public sector banks and select private sector lenders Wednesday where he spoke about high credit-deposit ratio, the resultant liquidity risk management challenges, trends in unsecured retail lending as well as cybersecurity and third-party risks and the need for improving customer services. He also highlighted the importance of further strengthening the governance standards, risk management practices and compliance culture in banks.

Asia is the economic engine of the world. Population growth, urbanization and industrialization are on the rise. But the region also faces a stark reality: achieving sustained economic development with the least amount of carbon emissions requires a monumental shift in energy production and consumption.

NEW DELHI : Private companies spending lakhs of rupees on training their employees may receive an additional boost in the upcoming budget to ensure their workers are skilled enough to be among the world's best. The finance ministry is evaluating a proposal to incentivise private companies to train and upgrade the skills of their workers, two officials aware of the development told Mint.

Dalai Lama's next move. Their top-of-the-mind question is whether the Tibetan leader will be announcing his successor. Supporters of the 14th Dalai Lama, which include US lawmakers, are worried that China will try to beat him in the race and declare its own 15th Dalai Lama. 'They have even attempted to insert themselves into the succession of the Dalai Lama. We will not let that happen,' said Republican chair of the US House Foreign Affairs Committee Michael McCaul. For Tibetans living in China and spread across several countries, the Dalai Lama is a 'living Buddha' and represents the symbol of Tibetan identity and Chinese repression. He escaped from Tibet to India in 1959 after Chinese troops took over Tibet and indulged in a bloodbath.