President Financial News

Jeffrey Epstein, Wednesday, revealed scandalous that involved the names of former US President Bill Clinton, and Britain's Prince Andrew among others. A federal court in New York made confidential documents related to Epstein public yesterday. The latest disclosure is part of a defamation proceeding between Ghislaine Maxwell (Epstein's former mistress), sentenced in 2022 to 20 years in prison, and a plaintiff against the duo, Virginia Giuffre.

Times of India, Muizzu said that if India did not withdraw its forces it would amount to disregarding the "democratic will" of the Maldivian people and jeopardizing the future of the democracy. "Maldivian people have a very no to the idea of foreign military personnel being stationed in the Maldives. Right now, it is India that maintains such a presence in the Maldives.

bankruptcy data provider Epiq AACER. According to the data published on Wednesday, the total bankruptcy filings rose to 445,186 in 2023 from 378,390 in 2022.

Buy or sell stocks for today: Following weakness in global market sentiments, Indian stock market extended the selling spree for second straight session on Wednesday. Nifty 50 index lost 148 points and closed at 21,517 levels, BSE Sensex crashed 535 points and closed at 71,356 mark whereas Nifty Bank index went off 56 points and finished at 47,704 levels.

Arvind Kejriwal and his Jharkhand counterpart Hemant Soren are the two CMs who currently under the scanner of the Enforcement Directorate (ED) over money laundering cases. They both have skipped summons by the financial probe agencies and are in a close radar of the financial prove agency. Speculations are rife that these two chief ministers may get arrested.

State Bank of India: India’s largest lender State Bank of India (SBI) is looking to tap the US bond markets to raise $500-750 million. SBI is planning to raise funds through Regulation S bonds, and the roadshows could begin as early as next week. Bank officials have held discussions with about six bond arrangers.

Donald Trump urged the US Supreme Court on Wednesday to toss out a ruling by Colorado's highest court that would keep him off the presidential primary ballot in the western state. The Colorado Supreme Court barred Trump last month from appearing on the Republican primary ballot in the state because of his role in the January 6, 2021 assault on the US Capitol by his supporters.

metal companies were among the top losers Wednesday as fresh concerns over the economic prospects of China, one of the largest consumers of commodities like steel, aluminium, and copper among others, prompted traders to cut their bets. The Nifty Metal index fell 1.81% Wednesday. Among steel producers, JSW Steel, SAIL and Tata Steel slumped 3-4%.

funding winter’, if investors are bullish on one area, it's generative artificial intelligence (GenAI). Indian GenAI startups have received a cumulative investment of $700 million in the last three years, showed estimates by technology industry apex body Nasscom. The country now has over 100 genAI startups and the funding received by new genAI ventures such as Hindi LLM maker Sarvam AI, as well as Adobe’s acquisition of Bengaluru-based Rephrase.ai last year are “good validations” of the AI ecosystem booming in India, said Sangeeta Gupta, senior vice president and chief strategy officer, Nasscom.

Here’s hoping 2024 is a big year for women on Wall Street.

By Ted Hesson and Susan Heavey

₹25.1 crore in damages from Dalal, who earned ₹8.9 crore in the year ended March 2023. Wipro has not shared the reason behind Dalal’s exit.

Federal Reserve Bank of Richmond President Thomas Barkin said a soft landing for the US economy is looking more likely but hardly certain, noting he’d need more conviction about the path of inflation before supporting a rate cut. “A soft landing is increasingly conceivable but in no way inevitable," Barkin, who will vote on policy decisions this year, said in a speech Wednesday.

By Jonathan Stempel and Luc Cohen

LPL Financial has recruited Zachary Fiandt, an advisor who had managed $260 million in assets at PNC Private Trust Bank and who will align with Financial Partners Inc., which is part of Exemplar Financial Network, the firm announced Tuesday.

Harvard president Claudine Gay on Tuesday, following bitter criticism of her appearance at a congressional hearing in early December, has fired a debate in the US on campus antisemitism. She goes along with U Penn president Elizabeth Magill who quit last month, and with pressure growing on their MIT counterpart, Sally Kornbluth, to follow suit. Gay and Magill are collateral damage of the Israel-Hamas war.

smartphone company Xiaomi is kicking off 2024 with a three-year strategy to become India’s most preferred smartphone plus AIoT (artificial intelligence of things) brand, having regained some of the lost foothold in 2023, a top executive said on Wednesday. “With the reset, recharge, refresh strategy and Xiaomi getting its mojo back (in 2023), we now have a three-year gameplan to play with, wherein we want to be the aspirational Indian’s most preferred and pioneering smartphone x AIoT brand,” Xiaomi India president Muralikrishnan B told reporters. Premiumisation, fostering an integrated smartphone x AIoT experience for users, and synergising the omnichannel sales strategy will be the key pillars of the plan, he said. “In 2024, the smartphone market in India will grow in a single-digit percentage, largely driven by 5G, and we’d like to be at the forefront of it,” Muralikrishnan said. “Over three years, definitely we would want to have a substantial share of the premium segment.” The positive outlook on spending by the middle class in the coming years will also boost the smartphone market going forward, he added. At the same time, the company will be open to leveraging its R&D investments in generative AI “as and when chipsets develop new capabilities”, though it will be up to application makers to get the best out of it, Muralikrishnan said. Chinese smartphone makers, bogged down by government scrutiny and competition in the market from major rivals such as Samsung, Vivo, Oppo and Apple, are looking to regain their once-dominant market shares in India.

arson, robbery and rioting, saying the charges were proved beyond a reasonable doubt. The court also held another accused guilty of dishonesty and receiving stolen property. Additional Sessions Judge Pulastya Pramachala was hearing a case against Noor Mohammad alias Noora and Nabi Mohammad.

Iran terror attack LIVE: Amid the twin explosions in Iran's Kerman – about 820 kilometers (510 miles) southeast of Tehran – Iran officials have called it a terrorist attack.Mohammad Saberi – the head of Kerman’s emergency services – has confirmed to state media that more of the critically injured in the blasts have now died, bringing the total number of dead to 103, adding over 141 are wounded and the numbers may rise.Meanwhile, an emergency has been imposed in all the hospitals of the province.Iran’s head of Judiciary, Gholam Hossein Mohseni-Ejei, has released a statement He had said, as quoted by Al Jazeera, “The agents and perpetrators of this grievous crime will undoubtedly be punished."“Responsible intelligence, security and law enforcement agencies are obligated to promptly pursue all the evidence and perpetrators and hand them over to the Judiciary."No outfit has claimed responsibility of the attack as of yet.As per details, the explosions took place in quick succession near the grave of Iranian general Qasem Soleimani, as the country marked the anniversary of his killing in a US drone strike in Iraq.Iran’s Interior Minister Ahmad Vahidi said that the initial explosion took place at 3.00 pm local time, with a subsequent explosion occurring after people had assembled to assist in the aftermath of the first incident, adding, the majority of casualties resulted from the second explosion.Here are the live updates.Iran terror attack LIVE: Russian President Vladimir Putin on 3 January condemned the Iran blasts and referred to it as 'shocking in cruelty and cynicism', reported AFP.Iran terror attack LIVE: Iran declared Thursday a day of mourning following twin blasts that killed at least 103 people near the grave of

China on Wednesday announced «routine» military patrols in the South China Sea, following recent clashes between countries in the disputed waterway. The People's Liberation Army's Southern Theater Command said it had «organised naval and air forces to conduct routine patrols» in the sea from January 3 to 4. The statement did not mention where exactly the patrols would take place or give specific details of their aims. Beijing claims almost the entire South China Sea and has ignored an international tribunal ruling that its assertions have no legal basis.

smartphone industry, Xiaomi India President Muralikrishnan B said on Wednesday as he pointed to the pace of economic growth, positive consumer sentiments, as well as the 5G devices uptick. Terming India as a market of multitudes, Muralikrishnan asserted that there is an opportunity to have compelling 5G offering at every price point.