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BOJ) kicked off its two-day monetary policy meeting, with traders nervously awaiting a decision on whether the dovish central bank could finally unwind its ultra-loose monetary settings. In the broader market, currencies started the week on a cautious note after large swings last week mainly driven by a slew of central bank meetings, which included rate decisions from the Federal Reserve, the European Central Bank (ECB) and the Bank of England (BoE). The yen fell 0.2% to 142.41 per dollar in early Asian trade, reversing some of the nearly 2% gain it made last week on the back of the dollar's decline. The Japanese currency has had a volatile few weeks as markets struggle to get a grip on how soon the BOJ could phase out its negative interest rate policy, with comments from Governor Kazuo Ueda earlier this month initially sparking a huge rally in the yen. That was later reversed on news that a policy shift was unlikely to come as early as December, and investors now await Tuesday's BOJ decision for further clarity on the bank's rate outlook. «The meeting will be relevant and important in terms of what the BOJ does, and there are some in the market that still expect that maybe there's a surprise,» said Rodrigo Catril, senior FX strategist at National Australia Bank. «We tend to lean to the idea that they're still on wait-and-see mode… for more evidence, in particular the labour market and wages growth are rising towards the 2% level, at the minimum. »The best case scenario would be for the bank to set the stage for things to come in 2024, conditional on these economic outcomes being delivered." Against the euro, the yen edged 0.1% lower to 155.11.

Happy Forgings, a maker of forged and machined components used in trucks, is planning to raise ₹1,008 crore through an initial public offering at a valuation of ₹8,000 crore. This comprises new shares worth ₹400 crore, with the proceeds to be used for capacity expansion and repayment of debt, and ₹608 crore of shares offered by the promoter and a private equity investor. After the IPO, the promoter's holding will drop to 78% from 88%. The share of machined parts — a segment that enjoys higher realisation in forging — in the company's total volume has been consistently increasing and it has been able to source raw materials at a lower rate.

NEW DELHI : Hollywood’s grip on the Indian audience, cultivated over the last few years, encountered a plot twist this year with box office collections estimated at just ₹1,300 crore from around 35 releases —a modest rise from the ₹1,276 crore earned in 2022, when 20 films were screened due to the covid-19 delays. Besides, in 2023, American films are expected to contribute about 13% to India’s total theatrical business, compared to an average of 20-22% during pre-pandemic times.

new year is unlikely to start with a bang in the national capital as most restaurants, pubs, and bars plan to keep things low key on the new year's eve due to various restrictions. “Most restaurants, pubs and bars in Delhi…are not planning any large-scale celebrations…because of the various administrative hassles in procuring multiple permissions and licenses,” said Sandeep Anand Goyle, who heads Delhi chapter of National Restaurant Association of India (NRAI). “Pubs, bars and nightclubs are allowed to operate till 1 am, but they are also sealed at times if decibels are beyond the prescribed limits,” he said. “With all the hassles, people don’t want to plan large-scale celebrations,” Goyle said, adding that the police seal crowd-generating areas and malls, and refrain restaurants from organising parties at their outlets. “Barricades are put on roads leading to markets, commercial complexes, and around the malls, creating hurdles for guests to reach them,” he said.

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financial planning, asset allocation and execution. Presently the focus is on regulating them more and more. Some aspects of a recently proposed regulation could even be called draconian, making one wonder whether the regulator is suggesting the RIAs and RAs shut shop.

I am trying to understand why I am unable to accord any importance to the incident in Parliament on 13 December. In theory, two people jumping off the visitor’s gallery into the chamber while the House is in session and releasing a yellow gas should be a serious event, but I am unable to take it seriously. Nor do you, I suspect.

MUMBAI : The Union finance ministry has rectified the agenda of a parliamentary committee meeting scheduled for early next year, putting an end to speculation of a potential merger of public sector banks—UCO Bank with Union Bank of India, and Bank of India with Bank of Maharashtra. In a letter addressed to, among others, the bank chiefs of the four PSU banks and Reserve Bank of India governor on Thursday, the finance ministry said that the members of the parliamentary committee would hold informal discussions with UCO Bank and Union Bank, besides Bank of India and Bank of Maharashtra, over the “regulatory mechanism in post-merger scenario".

box office on its opening day of Friday. With previews’ $14.4 million, it went up to an estimated $39 million. It is better than the $35.3 million start that 'Spider-Man: Into the Spider-Verse collected in the same mid-December slot in 2018. 'Wonka' is a whimsical origin tale about the magical candyman Willy Wonka. Wonka was played by Gene Wilder in the classic movie 'Willy Wonka and the Chocolate Factory'. Harry Potter franchise producer David Heyman has tried on a genre that has struggled in recent times.

Kuwait's emir Sheikh Nawaf al-Ahmad Al-Sabah, who was defence minister when Iraq invaded the oil-rich country in 1990, was laid to rest Sunday in a low-key funeral, a day after he died aged 86. Foreign leaders and envoys were later due to pay their final respects, including the Saudi de facto ruler, the kings of Bahrain and Jordan, and US Defense Secretary Lloyd Austin.

ALSO READ: India beat South Africa in 1st ODI, Arshdeep Singh, Avesh Khan shine; netizens applaud young guns Call it luck, the top edge of the shot didn't land straight into the hands of a fielder or hit the umpire. However, the video of the scene went viral on social media. Meanwhile, India defeated South Africa in the first ODI match by 8 wickets, after restricting the Proteas to just 116 runs in just 27.3 overs.

alliance have left much to be desired on this front. I wonder if the alliance leaders realize that failing to present a clear agenda this time might lead to a larger defeat at the next general elections. Time is not in their favour.

Stocks on Wall Street finished higher on Friday to notch another winning week amid growing expectations the Federal Reserve is done with raising interest rates and could start cutting them next year.

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Michael 'Venom' Page will make his octagon debut at UFC 299 in Miami on March 9, 2024, and take on American Kevin Holland in his first fight. The welterweight was in talks with several MMA promotions but has opted to join domestic rival the UFC. The UFC President Dana White announced the news after Briton Leon Edwards' successful defense of his welterweight title on Saturday. Page has 21 wins and two defeats on his record. He competed 18 times for Bellator before his contract expired after his previous fight in March.

Rapper Travis Scott has explained why he canceled his Utopia – Circus Maximus Tour to Chicago’s United Center on December 15, 2023. In a statement posted on X, formerly known as Twitter, has said that he had spent Friday on the tarmac instead of the stage. He wrote, «I literally spent 24 hrs on a fucking runway. Craziest shit ever. To my people in Chicago, I was so ready to go crazyyyy. Chicago always been one if my favorite places. Togo ham and been waiting for it the whole tour.I will be back the first couple days of January.»

halal meat and consume only 'jhatka', the flesh of animals slaughtered by a single blow of the blade. Singh, a senior BJP leader, made a plea to the effect in his Begusarai parliamentary constituency where he also made his supporters take the pledge that they will henceforth not spoil their 'dharma' by eating halal meat. Talking to reporters, he said, «I admire the Muslims who make it a point to consume only halal meat.

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Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.