President Financial News

By Gram Slattery, James Oliphant and Nathan Layne

Former President Donald Trump doubled down on his claim that he will “never allow” a central bank for digital currency (CBDC) during a Monday night rally in New Hampshire.

Lok Sabha seats in Haryana, including two reserved for Scheduled Castes, as part of the INDIA bloc seat-sharing talks, spurring a fresh pushback from Congress' state unit. It put forth the demand for contesting Ambala, Kurukshetra and Sirsa seats, of which Ambala and Sirsa are reserved for Scheduled Castes, according to people aware of the development. The party said it would like to contest the three seats since they border Punjab, where it is in power, having won a landslide victory in the 2022 assembly elections. At present, BJP holds all 10 Lok Sabha seats in Haryana.

Industry executives said a reduction in retail prices may not be possible till March, when mustard crop harvest begins. «The ministry of consumer affair has expressed that the MRP on oils like soyabean, sunflower and palm oil have not been reduced to the extent of decrease in international prices,» said Ajay Jhunjhunwala, president of Solvent Extractors' Association of India, in a letter addressed to association members on Tuesday.

election politics, what stands between Donald Trump's Second Gig at the big white house with pillars in Washington and him opening skilling centres in Maga-rage is the last non-Don Republican standing: Nikki Haley. By the time you are reading this, New Hampshire will have conducted its first Republican primary to make its choice of whom to send as proto-Potus.

MUMBAI : Indian markets plunged on Tuesday as global funds sold heavily in HDFC Bank Ltd and Reliance Industries Ltd (RIL), and retail investors booked profits in smaller stocks, erasing investor wealth of ₹8.56 trillion. The carnage may not be over, though: The derivatives market and the domestic fear index continue to flash signals of turbulence ahead. HDFC Bank and RIL, which command the highest weights in benchmark indices and clocked disappointing earnings in the December quarter, contributed to almost half (48.63%) of the Sensex’s 1,053.10, or 1.47%, fall to 70,370.55.

The delegate had a point. India's G20 presidency was, indeed, a Goldilocks moment on the global stage.

Riot Games, the developer of the popular “League of Legends” multiplayer battle game is joining other tech companies that have been cutting back with a layoff of 11% of its staff

Germany’s parliament has paid tribute to Wolfgang Schaeuble

Pilots at Southwest Airlines have approved a new contract with huge pay raises

Every economic crisis tends to also become a crisis in economics—as events throw an unsparing light on the gaps in our knowledge of how an economy works. It is not different this time round either. Christine Lagarde, a former managing director of the International Monetary Fund who is now president of the European Central Bank, did not pull any punches in a speech she delivered at the annual World Economic Forum jamboree at Davos this month.

Kamala Harris was not Joe Biden's first choice as his running mate because he knew that she was not up to the job. He preferred Michigan Gov. Gretchen Whitmer as his running mate in 2020 but succumbed to public pressure. Veteran Washington journalist Charlie Spiering has made this startling revelation in his book 'Amateur Hour: Kamala Harris in the White House'. He has written in the book that Biden chose Harris days before that year’s virtual Democratic National Convention after promising to select a woman. He also wrote that Biden chose Kamala Harris under pressure from former President Barack Obama.

Banks are expected to witness a big ATM refresh ­cum­ addition cycle in the next 12-18 months, involving replacement of nearly 40,000 ageing ATMs, and expansion of network by about 10,000, as per industry estimates, reported Business Line.

BRUSSELS (Reuters) — The European Union faces a risk of consumer prices surging and growth slowing due to disruptions to shipping through the Red Sea, though it has yet to feel an economic impact, a top EU official said on Tuesday.

Bihar Chief Minister Karpoori Thakur, who has been chosen for the country's highest civilian award "Bharat Ratna", is remembered as «a stalwart of social justice and an inspiring figure in Indian politics». Hailing from the extremely backward class «Nai» (barber), Thakur was born in an impoverished family in Samastipur district but went on to make giant strides in politics that earned him the epithet "Jannayak" (people's leader).

Shiv Sena President Uddhav Thackeray in a party rally in Nashik cautioned Uttar Pradesh Chief Minister Yogi Adityanath that the Bharatiya Janata Party leadership would ‘shunt’ him out the same way as former Madhya Pradesh Chief Minister Shivraj Singh Chouhan. “The BJP leadership has a use and throw policy, they used Devendra and then they threw him away, they will do the same way with Eknath Shinde, they sidelined Vasundhra Raje in Rajasthan, in Madhya Pradesh they shunted out Shivraj Singh Chouhan after he won the state. I am now afraid for Yogi(Uttar Pradesh Chief Minister), it is time for him to be cautious, once the MP’s are elected in his state, they may shunt him out too.”said Thackeray while addressing a rally in Nashik. Thackery claimed that the BJP leadership had ‘used’ the Shiv Sena leadership when the BJP was going through a ‘tough’ time and then dumped it. Thackeray who heads the Uddhav Balasaheb Thackeray faction of the Sena claimed that the BJP had not done anything in the last ten years and hence it had resorted to use the name of ‘Lord Ram’ to win votes.

By Bhanvi Satija and Patrick Wingrove

₹11 per litre for petrol, and ₹6 per litre for diesel compared to international product prices, said Girishkumar Kadam, senior vice president and group head of corporate ratings, Icra Ltd. Kadam also noted that marketing margins for petrol have seen a recovery in recent months following a significant drop in September. Diesel margins, which were negative until October, turned positive from November.

Procter & Gamble's (NYSE:PG) second-quarter results revealed mixed performance, with organic revenue growth at 4%, slightly below the average analyst estimate of 4.6%.

Brian Kahn is stepping down as chief executive of Franchise Group Inc., just months after a leveraged buyout aided by B. Riley Financial Inc., as regulators look into his ties to the collapse of a hedge fund.

NAREDCO Maharashtra, emphasised the real estate industry's anticipation of transformative changes in the upcoming Budget 2024-25. He highlighted the sector's pivotal role in the economy and its significant employment contribution. Acknowledging past reforms, Runwal called for an increase in the interest rate deduction cap to ₹5 lakh and a redefinition of affordable housing, particularly in metro cities.