Gap Financial News
03.05 / 02:09
02.05 / 21:57
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Bank of Canada can diverge from Fed on rates without stoking inflation, National Bank says
The Bank of Canada’s policy interest rate may fall 100 basis points below that of the Federal Reserve’s “without policymakers batting an eye,” according to economists at one of the country’s largest lenders.
02.05 / 20:51
02.05 / 20:01
markets
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economy
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Can the Bank of Canada cut rates before the U.S.? What Macklem, economists say
The head of the Bank of Canada says there’s a “limit” to how much Canadian monetary policy can diverge from the United States as market watchers see earlier cuts coming north of the border.
02.05 / 12:16
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Fin inclusion, digital growth to drive payments bank momentum in India: Airtel Payments Bank CEO
Airtel Payments Bank CEO Anubrata Biswas is optimistic that the payments bank momentum in India will yield strong growth horizons and opportunities in the coming years, supported by financial inclusion imperatives and rapid pace of economic and digital growth. In an interview to PTI, Biswas said FY24 has been a «remarkable year» for Airtel Payments Bank, which has been growing in double digits across all key metrics such as users, revenue, and profits. «We are still closing the books (for the fiscal) but as we stand today, we are going to see high double-digit growth rates on revenue, profit and users continue,» he said. Airtel Payments Bank has nearly 500,000 banking points spread across the country, today.
02.05 / 08:39
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DLF shares up 0.6% as Sensex rises
DLF Ltd. gained 0.6 per cent to Rs 897.4 in Thursday's session as of 01:55PM (IST) even as the equity benchmark Sensex traded 297.53 points higher at 74780.31. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 967.0 and a 52-week low of Rs 415.15 on NSE. Around 71284 shares changed hands on the counter till 01:55PM (IST).
02.05 / 03:33
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The KYC disruption: Investors deserve better than this
New Know-Your-Customer (KYC) regulations effective from 1 April have sent many investors into a tizzy, as they find their accounts locked for failing to meet yet another demand by authorities for verifiable data to establish their identities. Yes, we had a fresh round of KYC compliance. Under revised rules, holders of securities regulated by the Securities and Exchange Board of India (Sebi) had to validate their email IDs in addition to phone and Aadhaar numbers, the latter duly linked with PAN cards issued for taxation.
02.05 / 03:23
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Continental
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More money is going to African climate startups, but a huge funding gap remains
African climate-tech startups are increasingly raising money from private sources, but while those funds for climate solutions are growing, a huge gap remains in meeting the actual financial needs for climate action in Africa
01.05 / 11:45
01.05 / 03:09
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International
Russian missile attack claims 5 lives in Odesa, 'Harry Potter castle' engulfed
Odesa has left at least five individuals dead and more than 30 wounded, as confirmed by Ukrainian authorities, CNN reported. A video footage, released by Ukraine's Prosecutor General, captures the harrowing moment when numerous bomblets erupted in quick succession near the seafront, unleashing chaos and devastation.
30.04 / 21:51
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UFC 304: Tom Aspinall slams 'controversial', 'unfair' UFC decision. Here's why
UFC had recently announced its decision to return to UK for some upcoming matches. Now, Manchester will see the return of UFC in it's very popular venue after a long gap since 2016, when the UFC 204 was held in Manchester Arena. This year, Manchester Arena will again see the UFC franchise coming back on July 27 with all guns blazing, as per a report on SportsBible
30.04 / 17:49
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Features
YES Bank, ANQ launch co-branded credit cards ‘Pi’ and ‘Phi’ – Know unique features and benefits
Private sector YES Bank has partnered with Bengaluru-based financial services provider ANQ to unveil two credit cards catering to Indian consumers. These two cards are – Pi and Phi co-branded cards.
30.04 / 16:29
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Growing wildfire risk leaves states grappling with how to keep property insurers from fleeing
Months after a catastrophic fire burned more than 2,200 homes and killed 101 people in Hawaii, some property owners are getting more bad news — their property insurance won’t be renewed because their insurance company has deemed the risk too high
30.04 / 07:33
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Pidilite Ind shares up 0.97% as Sensex rises
Pidilite Industries Ltd. gained 0.97 per cent to Rs 3050.55 in Tuesday's session as of 12:48PM (IST) even as the equity benchmark Sensex traded 300.31 points higher at 74971.59. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 3073.2 and a 52-week low of Rs 2293.1 on NSE. Around 10642 shares changed hands on the counter till 12:48PM (IST).
29.04 / 22:47
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Majority of women agree a retirement storm is brewing
A new survey has found American women are deeply concerned as a nationwide crisis adds to their already-gray prospects for retirement.
29.04 / 17:49
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Hyundai, Tesla, BMW models among cars recalled in US. Here's why
Hyundai, Tesla and BMW. Individuals can check the database maintained by the National Highway Traffic Safety Administration on whether their vehicle has been recalled or not. The users will need to keep their Vehicle Identification Number or VIN ready before checking the database, as per a report on USA Today.
29.04 / 17:13
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Big banks pull their weight, markets take a leap
MUMBAI : Big banks led Monday's bull charge in stocks, adding the most in percentage terms to the Nifty and Sensex, after trailing their smaller peers in valuations over the past year. The surge lifted the Bank Nifty to a record, helping the Nifty clock a new high during the day. Four of Nifty's five top gainers were banks, fetching 70% of the Nifty’s 223.45-point gain to 22,643.40.
29.04 / 16:39
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Experts
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Posthaste: This missed CPP opportunity is costing Canadians thousands, says report
Most Canadians — in fact nine out of 10 — say the Canada Pension Plan is an important source of their retirement income and six out of 10 say it’s essential and they can’t do without it.
29.04 / 06:43
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NPST Delivers Stellar Performance in FY 2024, Posts 216% Growth in YoY Revenue
Mumbai, India April 29, 2024: NPST, a leading provider of digital banking and payment technology solutions listed on the NSE SME exchange, announced strong fourth quarter and full-year results for FY 2024. Buoyed by a winning combination of favourable growth in digital payments, as well as its innovative technology solutions and expanding customer base, NPST reported significant increases in both revenue and net profit. The consolidated FY 2024 annual revenue surged by 216% to ₹130.08 crore, up from ₹41.13 crore in FY 2023.
29.04 / 05:11
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Trade
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Voltas shares up 0.29% as Sensex rises
Voltas Ltd. gained 0.29 per cent to Rs 1460.1 in Monday's session as of 10:30AM (IST) even as the equity benchmark Sensex traded 527.1 points higher at 74257.26. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 1477.4 and a 52-week low of Rs 745.0 on NSE. Around 42957 shares changed hands on the counter till 10:30AM (IST).
29.04 / 04:53
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International
Amid Sebi's ban on overseas ETF inflows, the spread between market price & NAV widens
overseas exchange traded funds (ETFs), the gap between the trading price of units at stock markets and fund houses is getting wider. For the unversed, mutual fund ETFs are available for trading at the stock market as well, and this is why they are named as ‘exchange traded funds’. The price at which these units are sold at a stock exchange can be different from the one at which they are traded at a mutual fund house.
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