Low Financial News

₹2,365.50, experiencing a nearly 4% decline on the BSE during Tuesday's intraday trade, accompanied by substantial trading volumes. Over the last two trading days, the fast-moving consumer goods (FMCG) company's stock has witnessed a 7% downturn following its disappointing performance in the December quarter (Q3FY24), attributed to sluggish demand.

Investing.com-- The Bank of Japan kept interest rates at historical lows on Tuesday and left its yield curve control policies unchanged, but slightly lowered its inflation outlook for fiscal 2024.

cryptocurrency, experienced a significant decline on January 22, dropping to a seven-week low and trading below $40,000 for the first time since the introduction of 11 spot bitcoin exchange-traded funds (ETFs) on January 11, Reuters reported. At its lowest since December 4, Bitcoin recorded a 3.98 percent decrease, settling at $39,938.00, following a brief recovery.

The wealth gap is widening amid higher interest rates, Statistics Canada said Monday, as lower-income households face the steepest challenges from the rising cost of living.

The Bitcoin (BTC) price just plunged below $40,000 for the first time since early December, taking its pullback from post-spot Bitcoin ETF approval highs above $49,000 to nearly 20%.

Gold rate today: After hitting the five-week low of ₹61,400 odd level last week, gold price on the Multi Commodity Exchange (MCX) bounced back strongly and regained around ₹600 per 10 gm on the MCX. According to commodity market experts, profit-booking in US treasury yield and strong US economic data fueling speculations about the US Fed rate cut are some of the major reasons that enabled the yellow metal to pare the lost ground on the weekend.

tax incentives, production linked incentive schemes, and the mandatory provision of charging infrastructure, a top government official said on Monday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that the development and adoption of Electric Vehicles (EVs) play a pivotal role in India's transition to a low-carbon economy.

consensus next month on reforming the dispute settlement system of the global trade body as there are wide differences over the issue between developed and developing countries, a GTRI report said on Sunday. The trade minister of the 164-member World Trade Organisation (WTO) will gather in Abu Dhabi in February for the 13th ministerial conference (MC) to resolve different issues such as reforms in dispute settlement mechanisms, agriculture-related matters and a moratorium on customs duties on e-commerce trade.

Bitcoin bears are eyeing a potential break below the psychologically important $40,000 level as post-spot Bitcoin ETF approval sell pressure ramps up and macro headwinds rise.

Bitcoin slid to the lowest since mid-December as the speculative demand for the token sparked by hype about new exchange-traded funds dissipates, leaving the cryptocurrency in the red since the start of 2024. The largest digital asset briefly flirted with a drop below $40,000 before trading at $41,160 as of 6:30 a.m. Friday in Singapore, a decline of 3% in the past 24 hours. Smaller tokens like Ether, Solana and Polkadot also struggled. Bitcoin surged 157% last year on optimism about the eventual Jan. 11 launch of the first US exchange-traded funds to directly hold the token. Digital assets also got a tailwind from bets on looser monetary policy. Traders are now assessing how much money the ETFs attract and paring expectations for interest-rate cuts. “This type of correction after a significant run-up is normal for Bitcoin,” said Greg Moritz, co-founder at crypto hedge fund AltTab Capital.

trading volume and margin, analysts said, if more investors dabble in bitcoin from the safety of cheap exchange trade funds tracking its spot price. It will also impact Coinbase's trading commissions and spreads — the difference between the bid and ask price, J.P. Morgan analyst Kenneth Worthington said.

By Amina Niasse

States are seeing increased demand for their cash amid high interest rates

The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the White House, the latest move by the Biden administration to combat fees it says pose an unnecessary burden on American consumers, particularly those liv...

In the latest Solana memecoin pump, FLUB crypto has shot-up 10ox overnight, and with experts calling this other low cap crypto to explode next, dig into FLUB price analysis to find out more.

CRISIL, has undertaken a comprehensive study entitled ‘Women and Finance’. The survey findings pointed to factors like age, income, marital status, presence of dependants, and home location as major influencers of the financial behaviour of women. About 47% of female earners in Indian metros make independent financial decisions, while 98% actively participate in long-term family decisions, highlighting their increasing financial independence.

fixed deposits and savings accounts, followed by 16% in gold, 15% in mutual funds, 10% in real estate and 7% in stocks, a new survey shows. The survey, conducted by DBS Bank India and CRISIL, is in line with the behaviour trends from DBS Bank India’s own customer insights, which showed 10% of female customers have an active fixed deposit (FD) account compared with 5% for male customers.

₹1,570 apiece. The downward trend persisted, reaching an intraday low of ₹1,560 (-7%). Given HDFC Bank's substantial 14% weightage in the Nifty 50, its performance significantly impacted the index during today's trade.

Angel One witnessed a significant decline in its stock value early on Tuesday following the company's release of Q3 FY24 numbers on Monday post-market hours. The company reported a net profit of ₹260 crore in Q3FY24, reflecting a 14.50% quarter-on-quarter (QoQ) decrease but showing a positive 14% year-on-year (YoY) improvement. Its total revenue from operations for Q3FY24 increased by 1% QoQ and 41% YoY, reaching ₹1,059 crore.

ANI. Delhi airport issued an advisory for passengers, requesting that they contact airlines before travelling amid the severe fog conditions that delayed a number of flights by hours. The airport authority in a social media post on X said, "Due to dense fog, flight operations at Delhi Airport may be affected.

bond yields fell to their lowest levels in almost four months on Monday, pushing down borrowing costs across the economy, as a lower-than-expected rise in India's inflation and rising US bonds bolstered market sentiment. Yields and bond prices move in opposite directions. The 10-year benchmark government bond yield — a pricing reference for a host of credit products — ended trade at 7.152% on Monday, its lowest closing level since September 26, Bloomberg data showed.