Gap Financial News
15.05 / 02:59
Reuters
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Dollar droops ahead of crucial CPI test; yen under pressure
dollar traded near a one-month low versus the euro on Wednesday amid lower Treasury yields as traders braced for a key U.S. inflation report later in the day that could dictate the path of Federal Reserve policy. The yen languished near a two-week low, as a still-gaping yield gap between local bonds and U.S. peers continued to encourage selling of the Japanese currency.
14.05 / 17:47
14.05 / 09:57
UPS
Citi
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Inside
hospital
Hoarding collapse: Can't use gas cutters at petrol pump site for fear of blast, says NDRF official
National Disaster Response Force (NDRF), which is engaged in the search and rescue at the hoarding collapse site in Chheda Nagar here, said they can't use gasoline-powered cutters as the accident site is a petrol pump and it can result in a blast or fire. At least 14 persons died, and 74 suffered injuries after a 100-feet-tall illegal billboard fell at a petrol pump in the Chheda Nagar area of Ghatkopar during dust storms and unseasonal rains that lashed the city on Monday. Two NDRF teams are engaged in the search and rescue operation along with the fire brigade, local disaster response teams, police, and dog squads. Talking about the challenges faced by the rescue teams, assistant commandant of the NDRF Nikhil Mudholkar said the force has gasoline-powered cutter equipment and oxyfuel cutters, but the use of this equipment can result in a blast or fire as there is a petrol pump at the site.
14.05 / 08:29
14.05 / 08:29
markets
IPO
Platform
Gap
security
Trade
innovations
Appropriate price discovery in IPO: Semi-public market could be a solution
Initial Public Offerings) this week, it seems like the IPO season is back. The last year displayed a distinct split in terms of the IPO market, with the first half characterised by a sluggish pace and limited new offerings, followed by a dramatic upswing in activity during the latter part of the year. There was a decline of 30% in 2023 (INR 41,095 crore raised through 46 IPOs) compared to 2022 (INR 59,302 crore raised through 40 IPOs) and of more than 50% compared to 2021 (INR 1,18,723 crore raised through 63 IPOs). Therefore, there is bullishness in the IPO market after a sluggish 18 months. The IPO market is usually cyclical. One of the reasons for the cyclicality is irrational price discovery at the time of issuance. In some situations, it is extremely liberal in anticipation of a big pop on listing and in some situations it is too tightly priced. There are several cases of more than 100-300% appreciation on the listing day and conversely there are many cases of negative return ranging -50 to -60%. This is due to a lack of scientific and rational price discovery in IPOs. This challenge is further aggravated for startups and very high growth companies. At times, there is a conflict between public and private market investors. Such a situation exists not just in India but across most capital markets.
13.05 / 13:23
UPS
Provident
Platform
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reports
Relationships
Financial
Envestnet and Salesforce team up against financial planning data gap
Envestnet is looking to help deliver a seamless financial planning experience for advisors and financial services professionals in the US through a landmark enterprise technology collaboration.
12.05 / 18:23
Provident
Gap
security
wellness
country
social
hospital
PM Gati Shakti to aid in expanding social security
labour and employment ministry has boarded the PM Gati Shakti portal to identify and bridge gaps in social security coverage across the country and expand its health infrastructure to industrial clusters as well as special economic zones (SEZs) for the benefit of workers, said the secretary to the ministry Sumita Dawra. She told ET that the idea is to leverage the infrastructure data available on the portal to extend social security coverage to workers engaged in existing and upcoming industrial clusters around these projects while also ensuring availability of Employees' State Insurance Corporation's hospital and dispensary in the closest vicinity to these clusters. To begin with, the ministry has geotagged 1.3 million establishments covered under the Employees' Provident Fund Organisation (EPFO), about 1.5 million under the Employees' State Insurance Corporation (ESIC) and 104 ESIC hospitals for assessing the current social security coverage and planning future expansion.
10.05 / 18:47
markets
Progressive
Gap
economy
rowing
California governor would slash 10,000 vacant state jobs to help close $27.6 billion deficit
$38 billion deficit in January, driven by declining revenues. Days later, the nonpartisan Legislative Analyst's Office said the deficit was actually $58 billion when including some reductions in public education spending. State officials needed a big rebound in tax collections to improve things, but it hasn't happened.
10.05 / 18:47
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Netizens have a special message for LSG owner Sanjiv Goenka; say, 'learn from SRK'
ALSO READ: Sanjiv Goenka vs KL Rahul: Lucknow pacer Naveen ul Haq's cryptic post shows massive support for captain | Watch "There is a five-day gap before the next game against DC. As of now, no decision has been taken but it is understood that if Rahul plans to just concentrate on his batting for the remaining two games, the management won't mind," an IPL source told PTI. However, after videos going around on social media, netizens not only slammed Goneka but advised him to learn from the leadership skills of Shah Rukh Khan, the co-owner of Kolkata Knight Riders.
10.05 / 14:07
UPS
Ball
Gap
Matthews
track
fencing
Gujarat Titans vs Chennai Super Kings Live Score: Gujarat Titans score after 1 overs is 14/0
Venue : Narendra Modi Stadium, Ahmedabad Gujarat Titans squad - Abhinav Manohar, David Miller, Kane Williamson, Sai Sudharsan, Shubman Gill, Azmatullah Omarzai, Rahul Tewatia, Shahrukh Khan, Vijay Shankar, BR Sharath, Matthew Wade, Wriddhiman Saha, Darshan Nalkande, Jayant Yadav, Joshua Little, Kartik Tyagi, Manav Suthar, Mohit Sharma, Noor Ahmad, Rashid Khan, Sai Kishore, Sandeep Warrier, Spencer Johnson, Sushant Mishra, Umesh Yadav Chennai Super Kings squad - Ajinkya Rahane, Ruturaj Gaikwad, Sameer Rizvi, Shaik Rasheed, Ajay Mandal, Daryl Mitchell, Mitchell Santner, Moeen Ali, Nishant Sindhu, Rachin Ravindra, Ravindra Jadeja, Shardul Thakur, Shivam Dube, Aravelly Avanish, MS Dhoni, Deepak Chahar, Maheesh Theekshana, Mukesh Choudhary, Prashant Solanki, Rajvardhan Hangargekar, Richard Gleeson, Simarjeet Singh, Tushar Deshpande Gujarat Titans vs Chennai Super Kings Live Score: Gujarat Titans Shubman Gill 11 (4) Sai Sudharsan 3 (2) Chennai Super Kings Mitchell Santner 0/14 (1) Gujarat Titans vs Chennai Super Kings Live Score: SIX! Making his intentions clear is Shubman Gill! Tossed up around off and Gill shimmies down the track clubbing it straight over the bowler's head towards long on fence for a maximum. Gujarat Titans vs Chennai Super Kings Live Score: FOUR! Gets it through the gap and it's the skipper who gets off the mark with a boundary off the first ball.
10.05 / 11:47
UPS
Target
Gap
Bill
stars
Relationships
UBS mulls bonuses for wealth management referrals
UBS Group AG is considering introducing a reward system for investment bankers who refer clients to the firm’s wealth management business, according to people with knowledge of the matter.
10.05 / 10:31
Gap
President
BABA
performer
country
'First puja at Kedarnath performed in name of PM Modi': CM Dhami
Kedarnath Dham, opened for devotees after a gap of six months, the first puja was performed in the name of Prime Minister Narendra Modi. Chief Minister Pushkar Singh Dhami, who presided over the puja after the ceremonial opening of the doors of Shri Kedarnath Dham temple, welcomed all devotees and prayed for a safe and fulfilling journey for all embarking on the Char Dham pilgrimage. Speaking to on Friday, CM Dhami said, «The devotees and pilgrims from across the country and beyond wait for this pilgrimage every year. That pious day is upon us today as the portals of Kedarnath Dham have been thrown open. The devotees and pilgrims have arrived here in large numbers and all necessary arrangements have been made for them. I extend my greetings to all of them. Upon its ceremonial opening, the first puja at the Kedarnath Dham was officiated and performed in the name of PM Modi. The darshan (sighting of the deity) began following all the rituals. Since Narendra Modi became PM, work on the redevelopment of Baba Kedar temple has been happening in three phases. We are working to ensure that the project is completed at the earliest.»
10.05 / 09:39
markets
Provident
FIVE
Gap
wellness
country
hospital
India's IVF market is booming, and companies are all smiles
$4.67 billion by 2032 at a CAGR of 18.08%. Service providers say there is robust demand in both rural and urban areas but the coverage in India is still low. They believe that the need of the hour is to bridge the gap of accessibility to tap that demand.
10.05 / 08:37
markets
Gap
security
economy
Election
performer
blues
Asian Paints investors feel the blues even before competition hits full throttle
₹2,670.10 on Friday, after closing nearly 5% lower on Thursday, following the Q4 earnings announcement. Investors are nervous about the emerging pain points. For instance, the year-on-year decline in revenue, albeit marginal, was particularly disappointing.
10.05 / 07:21
09.05 / 19:13
Target
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Videos
KL Rahul likely to continue as captain of LSG despite ‘public scolding’
KL Rahul's future as Lucknow Super Giants skipper has become a topic of intense debate after his team received a pasting at the hands of Sunrisers Hyderabad on Wednesday. It is being speculated that the skipper may step down and concentrate on his batting in the remaining two games. However since it's a matter of just two games, Rahul is expected to continue as leader of the pack. «There is a five-day gap before the next game against DC. As of now, no decision has been taken but it is understood that if Rahul plans to just concentrate on his batting for the remaining two games, no one would mind,» an IPL source told PTI on conditions of anonymity. A video of LSG owner Sanjiv Goenka's agitated conversation with Rahul emerged on social media after Sunrisers Hyderabad openers Travis Head (89 not out off 30 balls) and Abhishek Sharma (75 off 28 balls) bludgeoned the LSG attack to overhaul the 167-run target in less than 10 overs.
09.05 / 18:57
markets
JPMorgan
Gap
security
Election
track
shock
India's FY24 fiscal gap may be slightly better than revised estimates: Official
fiscal deficit, in absolute terms, could be slightly better than the revised estimates for FY24, on the back of better than expected revenue receipts, an official said. In the interim Budget in February, the government pegged its FY24 fiscal deficit at ₹17.35 lakh crore, against the budget estimate of ₹17.89 lakh crore. The deficit-to-GDP ratio was estimated to improve to 5.8% in FY24 from the budgeted 5.9%, despite slower-than-anticipated nominal growth.
09.05 / 18:13
Provident
FIVE
Gap
Election
Flushing
social
Money matters in Indian elections but it is no guarantee for victory
2024 general elections is that their outcome is a foregone conclusion. It's Prime Minister Narendra Modi's 'guarantee' that NDA will return with 400-plus seats. Even if the outcome falls short by 100 seats, BJP will remain comfortably in power for another five years. So, it may be a bit strange to also hear that BJP is projected to spend more than double of what it did in the 2019 general elections. 2024 Lok Sabha elections are the most expensive polls not just in India's history but in the world's, according to The Economist. Centre for Media Studies (CMS) has projected an expenditure of ₹1.35 lakh crore, double the amount spent in 2019. In 2019, BJP outspent Congress by almost a factor of three. This year's gap will most likely increase given that BJP is flush with funds, and Congress has its accounts 'frozen' — or, rather, some of the party's accounts 'attached' by the I-T department for alleged non-payment of dues as per I-T rules. Can you imagine what political parties would have spent if the electoral field was more competitive, and the election was not a 'foregone conclusion'? In the US, which has the second-highest spending on elections, elections are fought on small margins. For instance, the difference in the projected polling averages for Donald Trump and Joe Biden in the forthcoming elections, based on polls during April, was less than 2%, with the margin falling to less than 1% in the second half of the month, according to psephologist Nate Silver's 538 website on ABC News.
09.05 / 13:37
Citi
Provident
Platform
Gap
security
Election
reports
Elections in Delhi: Rapido to provide free ride from polling booth to the voters' residence on May 25
voter turnout and ensure accessibility during the upcoming polls in the national capital, the Chief Electoral Officer (CEO) of Delhi, P. Krishnamurthy, announced a strategic collaboration with ride hailing platform Rapido on Thursday. As part of this partnership, eligible voters in Delhi will be able to avail of free rides from the polling booths to their residences on the voting day, scheduled for May 25, ANI has reported. With the support of Rapido's extensive network of bike riders, the initiative seeks to bridge the gap between voters and polling booths, encouraging greater civic participation.
09.05 / 08:33
Gap
Immunic
Research
outbreak
reports
Vaccines
Worrying vaccination gaps come to notice after post-Covid measles spurt forces a data relook
National Family Health Survey (NFHS-5) by researchers has found that more than one in nine eligible children nationally did not get any dose of the measles vaccine in the 2019-21 period, and that nearly 30 per cent received just a single dose, ToI reported on May 9. A relook at the survey data was necessitated by instances of repeated measles outbreaks after the COVID-19 pandemic, the report by (by Rema Nagarajan) said. The researchers involved in the relook were from health ministry's immunisation division, Banaras Hindu University and the Bill and Melinda Gates Foundation.
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