Gap Financial News

₹5,000 crore worth of 30-year bonds with another similar tranche likely by the end of the month. That will complete the plan to issue ₹20,000 crore worth of sovereign green bonds for the current fiscal year. The government had issued five-year sovereign green bonds worth ₹5,000 crore in November and 10-year paper worth ₹5,000 crore in December.

Sensex surged 759.49 points, or 1.05%, to end at 73,327.94, while the Nifty 50 ended 202.90 points, or 0.93%, higher at 22,097.45. Nifty 50 formed a reasonable positive candle on the daily chart with gap up opening and with lower shadow. Technically, this pattern indicates confirmation of sharp upside breakout of the important hurdle.

Global public debt in 2023 reached historical highs that have put the world economy’s growth at risk. And International Monetary Fund (IMF) projections point to this burden growing much faster in the next five years than its pre-pandemic projections. This time, rising debt is a trend across the board.

Maruti Suzuki, Hyundai Motor, Tata Motors and Renault India posted the highest-ever share of sales from rural markets in calendar year 2023 amid improved consumer sentiments and better liquidity among the rural rich. However, inflationary pressures weighed on rural demand for fast-moving consumer goods and consumer durables. While the share of rural sales at Maruti Suzuki, the country’s top carmaker, rose to 45% in CY2023, it stood at 19.1% at Hyundai and 40% each at Tata Motors and Renault India respectively. Senior industry executives ET spoke to said even in the rural markets, the gap in incomes between varied sets of consumers has been triggering demand more at the higher end of the market, which is expected to eventually percolate down and make broad based the recovery over the next few quarters. “Rural markets outpaced urban centres (at Maruti Suzuki) last year growing by 10.4%.

Mumbai, Maharashtra, India: Futures and Options (F&O) trading in India has long been the predominant domain of institutional investors and seasoned traders. But now, it's capturing the interest of retail investors as well.

revival of bulbuli fight, a quintessential tradition of the Bhogali Bihu at Shri Hayagriva Madhav Mandir at Hojo. It may be noted that this ancient tradition of Bihu was recently revived by the State government. Therefore, after nearly a decade, the devotees of the Hayagriva Madhav mandir and other enthusiasts could witness the bulbuli fight and enjoyed the ancient heritage as a part of the Bhogali Bihu celebrations. This competition dates back to the days of Swargadeo Pramatta Singha and in December 2023, the State government decided to revive it after a gap of nine years. Sarma along with wife Riniki Bhuyan Sarma and his son and daughter visited Hayagriva Madhav Mandir and offered their pujas. In December last year Assam cabinet gave in-principle approval to the issue of detailed procedure/SOP for permitting traditional buffalo and bull fights to be organised during Magh Bihu at Ahatguri, Morigaon district, Nagaon district or in any other part of Assam. Rhe cabinet meeting stated that the SOP aims at ensuring no deliberate torture or cruelty is carried out on the animals and their well-being is provided for by the organisers during the annual Moh-juj festival, an integral part of the centuries-old Assamese cultural tradition The Supreme Court had banned traditional buffalo fights. In Magh Bihu celebration (which is held in the month of January) the buffalo fights are organised as a part of the age-old tradition in Morigaon. Fights were held in Ahatguri and Raha. These fights were organised however informally.

renewable energy sector, which has attracted around 16.93 lakh crore of investment since 2014, Union minister R K Singh said on Monday. As much as 80 GW of thermal power generation capacity is under construction which we will have by 2030, Singh told reporters, adding that about 99 GW of renewable energy is under construction, at present. Briefing reporters on new rules called Electricity (Amendment) Rules 2024, Singh said that as much as Rs 16.93 lakh crore has been invested in power and renewable energy sectors so far.

Indian Hotels Company Ltd. gained 0.47 per cent to Rs 464.0 in Monday's session as of 12:24PM (IST) even as the equity benchmark Sensex traded 637.08 points higher at 73205.53. Earlier in the day, the stock witnessed a gap up start to the session.

Varun Beverages Ltd. traded at Rs 1266.4 on BSE at 12:29PM (IST) on Monday, up 0.09 per cent from previous close. The scrip quoted a 52-week low price of Rs 550.0 and a high of Rs 1380.45.

Shaktikanta Das, Reserve Bank of India (RBI) governor, deviated from his prepared speech while delivering the keynote address at Mint’s recent BFSI Summit and provided a couple of interesting asides. The governor’s office, he said, had been encouraging one-on-one discussions with bank chief executives and a spirit of free exchange had allowed RBI to pick up industry trends that would have otherwise reached the central bank much later. Consequently, the central bank’s regulatory actions were occasionally based on such inputs.

Edited excerpts: At the moment, the Indian banking sector remains resilient and robust. Even if you look at the unsecured consumer loans and some segments of personal loans, the numbers that we have before us are not particularly alarming. Even the NPA numbers are also within reasonable limits.

NITI Aayog report underscores earlier surveys, revealing a significantly underinsured Indian population. Access barriers, misconceptions associating insurance with affluence, and the undervaluation of insurance needs contribute to this substantial gap. The vast size of the country, the huge rural population, and a traditionally lackadaisical attitude towards financial planning make it very difficult to sell insurance in India.

A bit of a mixed bag for indexes. Large caps had the best of the action as the S&P 500 and Dow Jones Industrial approached all-time highs.

The S&P 500 finished the day higher by about 60 bps, while the S&P 500 Equal Weighted finished the day higher by just 17 bps. It again shows how the indexes are diverging and returning to their ways of mid-summer and December.

In a world where health is both a priority and an unpredictable challenge, the burden of out-of-pocket medical costs (OoPE) often weighs heavily on individuals and families. The quest for effective strategies to minimize these costs has never been more critical.

The recent pullback in mortgage rates is spurring more homeowners to put their homes up for sale

Tesla says it’s temporarily halting most of production at its German factory because of attacks in the Red Sea, a vital global shipping corridor

AI: The inevitable plunge CEOs worldwide are stepping up investments in AI, especially Generative AI, to gain a competitive edge. Although they believe that the cost of implementing AI technologies will be significant, many expect to see a return on their investment in 3-5 years. Indian CEOs too, like their global counterparts, believe that these technologies will open unprecedented business opportunities in developing new value propositions, servicing customers, driving efficiencies and reducing cost.

“Brought to you by TIAA” is not a concept hip-hop fans might expect, but the company has sponsored a song about financial freedom, generational wealth and retirement savings that’s performed by Pusha T, Wyclef Jean, Lola Brooke, Capella Grey and Flau’jae.

Wish, will be available for digital purchase on Tuesday, January 23, 2024. This release follows the movie's theatrical debut on November 22, 2023, with a 50-day gap.

Vedanta Ltd. traded at Rs 272.15 on BSE at 01:50PM (IST) on Friday, down 0.89 per cent from previous close. The stock quoted a 52-week low price of Rs 207.85 and a high of Rs 340.75.