President Financial News

Anu Aggarwal, President & Head of Corporate Banking, Kotak Mahindra Bank “As we celebrate International Women's Day, it's a poignant reminder of the strides women have made in the world of finance, even more so in India. The finance sector is witnessing a remarkable evolution with increasing participation from women.

Investing.com-- Most Asian stocks fell on Thursday as Federal Reserve officials offered differing signals on U.S. interest rates, while Japanese shares slid from record highs amid speculation over a Bank of Japan pivot.

2024 general election. “It is important, for the Good of our Country, that Joe Biden and I Debate Issues that are so vital to America, and the American People," Trump wrote Wednesday in a post on his social media platform Truth Social. “Therefore, I am calling for Debates, ANYTIME, ANYWHERE, ANYPLACE!" Trump’s desire to debate comes hours after his final Republican rival, Nikki Haley, dropped out of the race, marking the start of the longest general presidential election in recent history.

The stage is set for a Joe Biden-Donald Trump rematch in the US presidential election due in November after Trump swept 14 of the 15 primary elections in ‘Super Tuesday’ states, even as his Republican rival Nikki Haley reportedly decided to suspend her White House campaign. Though Haley did manage a win in Vermont, Trump becoming the party’s nominee seems just a formality.

An aggressive nonorganic growth strategy that began in 2019 has boosted new client assets by more than $1 billion for Householder Group.

Developing-world currencies were mixed on Tuesday as traders awaited key speeches and data that could shed light on the outlook for US interest rates while losses in Hong Kong-listed tech stocks drove emerging-market equities lower. 

A father-son advisor team that oversees $750 million in AUM in New Jersey has made a major leap by setting up their own firm.

There’s change afoot at employee-owned independent Mesirow as the financial services company names a new leader. Mesirow announced that it has promoted Brian D. Price to CEO of its wealth management division.

Buy or sell stocks: On account of strong buying in banking, healthcare, IT, and auto stocks, the Indian stock market witnessed a strong pullback in the last hour of Wednesday's session. All three key benchmark indices ended in the green territory. The Nifty 50 index ended 117 points higher after climbing to a new peak of 22,497 level.

Read more here The first meeting of Congress party's Central Election Committee (CEC) will be held at 6 pm on March 7. The meeting will decide candidates for upcoming Lok Sabha polls 2024, said Jairam Ramesh, Congress party's general secretary in-charge, communications in a post on X (formerly Twitter). Chaired by party president Mallikarjun Kharge, the committee also includes former party chiefs Sonia Gandhi and Rahul Gandhi, besides AICC general secretary K C Venugopal, Ambika Soni, Adhir Ranjan Chowdhury and T S Singhdeo, among others.

Investing.com-- U.S. stock index futures moved little in evening deals on Wednesday, steadying after a positive session on Wall Street as uncertainty persisted over the scope and scale of the Federal Reserve’s interest rate cuts.

El Salvador’s President Bukele defended his Bitcoin strategy as the country’s holdings hit a record 53% profit, reaching $164.7 million when Bitcoin hit a new all-time high of $69,200 on March 4. This progress stems from El Salvador’s declaration of Bitcoin as legal tender alongside the US dollar in 2021.

Embattled New York Community Bancorp is getting a lifeline of more than $1 billion as a group of investors plug cash into the troubled bank

The government's new free electronic filing system for income tax returns is getting its first users this filing season

A federal judge in Texas has ordered a 55-year-old U.S. agency that caters to minority-owned businesses to serve people regardless of race, siding with white business owners who claimed the program discriminated against them

Investing.com — The economic outlook continued to trend «positive» as expectations for rate cuts is expected to boost growth just as tightness in the labor market continued ease and inflation pressures moderate, according to the Federal Reserve's Beige Book released Wednesday.

Crypto asset manager 21Shares has surpassed $5 billion in Assets Under Management (AUM) amid market rebound.  

says it has detected benzene, a chemical that causes cancer, in several popular, over-the-counter acne products including those from brands like Clearasil, ProActiv, Walmart and Clinique, among others.Valisure, an independent lab whose discovery of benzene in dry shampoo in 2022 prompted the American Food and Drug Administration (FDA) and Health Canada to issue recalls, reported that its “extensive testing” revealed the same carcinogen can form at high levels in benzoyl peroxide products used to treat acne, and that it found it in products from the brands it tested.Health Canada, the World Health Organization and FDA all state benzene can cause cancer.“High levels of benzene were not only detected inside BPO (benzoyl peroxide) products, but also in the air around incubated BPO products,” Valisure’s report stated, “showing that benzene can leak out of some product packages and pose a potential inhalation risk.”The report also stated that benzene can form “over 800 times” the FDA conditionally restricted concentration limit in products and that “the current evidence suggests that this problem applies broadly to BPO products currently on the market.”The lab detected the benzene levels it says raise concerns in 66 benzoyl peroxide-containing acne treatment products incubated at 50 C for 18 days.

BJP is banking on the backing of Dalits, the largest voting bloc in Raebareli Lok Sabha constituency, to win the elusive Congress bastion in the upcoming general elections. After breaching Amethi, one of the Nehru-Gandhi family's two bastions, in the 2019 election, BJP has its eyes set on bagging Raebareli this time. Its focus on the seat was also evident in its move to get Samajwadi Party MLA from Unchahar in Raebareli, Manoj Pandey, to cross-vote for BJP candidate in the Rajya Sabha polls, a development which is being seen as a prelude to Pandey joining BJP and adding to the Dalit base with his Brahmin following. Raebareli has a total of 1.8 million voters, 34% of which are Dalits. Last year, BJP appointed Buddhilal Pasi, a Pasi Dalit, as its district chief, following a rejig of its district presidents. Brahmins account for 13-14% of the voters. In both 2014 and 2019 elections, BJP increased its vote share by about 17% over the previous election, gaining 34% share over 10 years. The Congress, on the other hand, lost about 17% share over the same time. «I come from the Pasi community and can assure the community alone will be enough to make BJP win in the seat,» Pasi told ET.

CBI on Wednesday evening got the custody of suspended Trinamool Congress leader Shahjahan Sheikh from CID after a fresh directive by the Calcutta High Court. The court ordered CID to hand over Sheikh, the alleged prime accused in the attack on ED officials in Sandeshkhali on January 5, to CBI by 4:15 pm. However, Sheikh was reportedly taken by the CID team to the state-run hospital SSKM through the backdoor of Bhabani Bhawan (police headquarters), people in the know told ET. CID finally gave official custody of Sheikh to CBI at 7 pm.

Election Commission has asked former Congress president Rahul Gandhi to be more careful in his public utterances in the wake of his ‘panauti’ (bad omen) and ‘pickpocket’ jibes at Prime Minister Narendra Modi, news agency PTI reported on Wednesday citing sources. The report said the election commission also asked the senior Congress leader to follow its recent advisory for star campaigners and political leaders in the right earnest during the election campaign.