Park Financial News

BSE Sensex rose around 20 per cent in 2023, their second-best year since 2017, and were among the top-performing stock indexes globally. The broader small- and mid-caps gained about 55.62 per cent and 46.57 per cent in 2023, far outperforming the blue-chip indexes despite valuation concerns. The bull run was supported by sustained domestic mutual fund inflows, foreign capital inflows, better-than-expected economic growth, and robust corporate earnings.

The character James Bond is used to dangerous situations, but actor Pierce Brosnan could be facing potential jail time after he allegedly put himself at risk while trespassing in an area of Yellowstone National Park.

Pierce Brosnan faces charges after allegedly hiking off-trail in Yellowstone National Park, specifically in the Mammoth Terraces area. The charges include foot travel in restricted thermal areas and violating park closures, listed as petty offenses in court documents obtained by CNN. The 70-year-old actor, known for his roles in «007» and "Mamma Mia," was charged on Tuesday for disregarding travel restrictions near thermal features, as detailed in the filings at the US District Court in Wyoming.

Fresh inflows under FCNR(B) which eliminates currency risk for NRIs, touched $2 billion in April-October, compared with an outflow of $841 million in the same period a year ago, showed the latest Reserve Bank of India (RBI) data published in its monthly Bulletin. Overall, fresh NRI deposits doubled to $6 billion during the April-October of 2023, from $3 billion in the same period a year ago. «Relatively higher interest rates happen to be one of the driving factors,» said Madan Sabnavis, chief economist at Bank of Baroda.

The National Park Service is offering free admission to U.S. national parks on six days in 2024.

New oil and natural gas leasing will be prohibited on New Mexico state land surrounding Chaco Culture National Historical Park for the next 20 years

₹673 crore. This will be first MMLP in Maharashtra under the PM Gati Shakti National Master Plan. The MMLP will be developed in three phases.

Rays Power Infra has inked an initial pact with the Uttarakhand government to build a 500 MW solar park in the state. The collaboration underscores the company's dedication to advancing sustainable energy initiatives and aligning with the Uttarakhand government's vision for an environmentally responsible future, the company said in a statement.

Barclays, which is in the process of devising a new strategy that may not, but should really, mean a lot of job cuts in its investment bank, is also making some promotions. In apress release yesterday, it said it had promoted 81 managing directors in its investment bank, down from 85 last year. 

Kasabian has announced a headline performance at Leicester, Massachusetts' Victoria Park. Ten years after the band's previous Summer Solstice performance in the same park, Summer Solstice II will take place on July 6, 2024. The largest-ever live music event outside of London on BBC Radio 2 took place at this venue recently. The concert, which also happens to be the release of a new album, will feature Kaiser Chiefs as the opening act. Kasabian stated, «We are truly honored to be playing Victoria Park in our beloved hometown, with all our people for Summer Solstice II. »We can't wait to play the biggest summer gig of the season outside with all of you. I'll see you in the crowd." Since 2014, Kasabian has not performed in its entirety at Victoria Park.

Car care services startup Park+ expects to turn profitable by the January-March 2024 quarter and close the current fiscal with over Rs 200 crore, a senior company official said. Park+ founder and CEO Amit Lakhotia said that the company at present has operations in about 30 cities and plans to expand to over 100 cities by 2024. The Epiq Capital backed company has raised $55 million till date to fund its operation which is sufficient for the company to fund operations as well as planned expansion.

Fortune Park Hotels, a wholly-owned subsidiary of ITC Ltd has strengthened its presence in Tamil Nadu with the launch of Fortune Park Tiruppur in the state. With the setting up of its new property in Tiruppur widely known as the textile and knitwear hub of the country, the hotel marks a significant step towards the expansion of Fortune Hotels in south India, a press release said here on Sunday.

Blue Dragon Film Awards, recently took place at the KBS Hall in Yeouido, Seoul, on November 24. Hosted by actress Kim Hye Soo and actor Yoo Yeon Seok, this 44th edition brought together A-list celebrities to acknowledge the contributions of films and actors who impressed the audience with their talent.

In an ambitious endeavor to bridge the ML (Machine Learning) compute gap, Voltage Park unveiled a formidable cloud infrastructure for AI development on October 29, 2023. The current market scenario is gripped by a severe shortfall in advanced ML compute resources, with startups, researchers, and large AI labs vying to acquire or lease the latest chips for ML training. This scarcity, favoring only the well-resourced, significantly stifles innovation across the board.

Park Avenue Capital announced a new president and chief operating officer Monday morning.

Regulating artificial intelligence (AI) has joined outer space as the latest battleground for dominance among the world’s advanced nations. Eagerness to dominate is no guarantee of clarity, though. The larger picture on what is to be done, and how, remains unclear even after the recent British summit on AI – which saw participation from all major AI powers, including the US and China – the Biden administration’s executive order on AI safety, and the European Union Artificial Intelligence Act.

Toyota isn’t telling owners of 1.9M recalled RAV4 SUVs to park them outdoors.

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KPI Green Energy, one of the leading players in the renewable energy sector, saw its share price rise 7% to reach ₹885 apiece in Friday's early trade deals on multiple positive developments. The company said on Thursday that it has signed a Memorandum of Understanding with the Government of Uttarakhand along with Advait Infratech Limited for the development of a 500 MW solar park under the Captive Power Producer (‘CPP’) segment. The company also informed that Sun Drops Energia Private Limited, a wholly owned subsidiary of KPI Green Energy, received a new order for executing the Wind-Solar Hybrid Power Project for 2.10 MW capacity, comprising of 2.10 MW wind and 1 MW solar capacity, from CTX Life Sciences.

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(Reuters) -U.S. amusement park operators Cedar Fair (NYSE:FUN) and Six Flags (NYSE:SIX) Entertainment on Thursday agreed to merge to scale their business amid an economic slowdown that has weighed on leisure spending.