President Financial News

Christmas is over, but giving season for nonprofits is just starting to peak

The administration of Argentine President Javier Milei says the government won’t renew contracts for more than 5,000 employees hired this year before he took office

Sports betting has spread rapidly across U.S. states in the past five years

New Year’s Eve could take the cake for the busiest wedding day in Las Vegas thanks to the date’s repeating pattern of 1-2-3, 1-2-3

Japanese nuclear safety regulators are lifting an operational ban imposed on a plant owned by Tokyo Electric Power Company Holdings, the operator behind the Fukushima disaster

Wolfgang Schaeuble, who helped negotiate German reunification in 1990 and as finance minister was a central figure in the austerity-heavy effort to drag Europe out of its debt crisis two decades later, has died

IndiGo Airlines has announced the suspension of its flights from Kanpur to Bengaluru for a duration of three months starting from January 1, 2024. This decision has raised concerns, particularly among the residents of Kanpur, with the business community expressing unease, a TOI report stated. The Merchant Chamber of Commerce's vice president, Mayank Khanna, has reached out to IndiGo's headquarters for clarification.

BJP's triumph in the assembly polls, considered by many a foregone conclusion in favour of Congress, series of ED actions, including in the Mahadev betting app case, a deadly Naxal attack, and nude men protesting over jobs dominated the events in Chhattisgarh in 2023. Though elections were held at the end of the year, poll mood prevailed in Chhattisgarh throughout with top leaders of BJP, Congress and AAP making frequent visits to the state for rallies and meetings, and chalking out their strategies.

You might not want Donald Trump for president, but you probably don’t want Liz Cheney either, judging by a recent piece in this newspaper. Checks and balances, she maintains, won’t work to contain Mr. Trump because he might have “allies" in Congress.

The problem was staring up from a deck of cards, handed from one presidency to the next. As the Trump administration exited the White House, its national security team left behind some 30 baseball-style cards for the incoming Biden staff, monuments to an ancient practice that had somehow become a grave 21st-century challenge. Each bore the photo of an American held hostage abroad.

ultra-luxury tourism destination in Saudi Arabia. «The construction arm of Larsen & Toubro has been chosen as the turnkey engineering, procurement and construction (EPC) contractor....for the AMAALA project in the Red Sea region, Saudi Arabia,» the company said in a filing to BSE. AMAALA is an ultra-luxury destination set in the Prince Mohammed bin Salman Natural Reserve along Saudi Arabia's northwestern coast. Spanning 4,155 square kilometer, the project features pristine landscape and diverse natural ecosystems, coupled with unique and intriguing heritage and local culture. «The award of this prestigious contract stands testimony to the synergistic strength of diverse offerings of L&T Construction in providing innovative solutions to customers keen on sustainable, clean and reliable electricity and water system,» T Madhava Das, Whole-Time Director and senior Executive Vice President (Utilities), L&T said. L&T is a USD 23 billion multinational engaged in EPC projects, hi-tech manufacturing and services.

private equity and venture capital funds into domestic companies declined about 40 per cent to USD 27.9 billion so far this year, while the outflow increased marginally to USD 19.34 billion year-on-year. According to the numbers collated by Venture Intelligence that tracks private capital and debt flows, and industry body IVCA, investments by private equity and venture capital funds as of December 20, 2023, fell to a low of USD 27.9 billion across 697 transactions, as against USD 47.62 billion inflows in 2022 across 1,364 deals. The year also saw more money being pulled out from the country by private equity players with overall exits touching USD 19.34 billion from 248 companies as against 233 exists worth USD 18.45 billion in 2022, according to the data.

defamation case by a Surat court that triggered the Congress leader's legal fight for the restoration of his Lok Sabha membership, and Biparjoy cyclone leaving a trail of destruction were two key developments that took place in Gujarat in 2023. The year also gave several reasons for the residents of Gujarat to cheer with the inclusion of the state's traditional dance form Garba in the list of Intangible Cultural Heritage by UNESCO, inauguration of the Surat Diamond Bourse and two Australia-based universities setting up their campuses in Gandhinagar-based GIFT City among other things. On March 23, the court in Surat sentenced Rahul Gandhi to two years in jail in the defamation case filed against him over his «Modi surname» remark.

IPL Biologicals has entered into a Memorandum of Understanding (MoU) with the Gujarat government to establish a state-of-the-art biofertilizers, bio pesticides, bio fungicides, and microbial growth promoter facility in the region at an investment of Rs 400 crore. Aligning with the national goal of adopting the most organic and sustainable practices by 2030, IPL Biologicals envisions the MOU with the Gujarat government to develop a new facility as a significant contributor to sustainable agriculture. The major focus of the first phase of production will be on biological agriculture products, followed by probiotics and enzyme products.

surging rates on long-term bonds. When the Federal Reserve started raising its benchmark federal-funds rate in March 2022, long-term interest rates rose with it. This continued fairly steadily until the end of last year, when rates flattened out.

suspended the new WFI management along with all its office-bearers, including Sanjay Singh. However, it is unclear if it has affected Sakshi’s decision. Celebrated wrestler Bajrang Punia has returned his Padma Shri.

Turkey’s president to do just that. At a recent conference, Mr Erdogan was in his element, taking swings at Israel for bombing northern Gaza into the ground, and at Western duplicity. “A journalist is killed each day," he said, referring to the 68 media workers killed in Gaza since the start of Israel’s bombing campaign.

Wipro has initiated legal proceedings against its former CFO, Jatin Dalal, in a civil court in Bengaluru. In response, Dalal has filed an application requesting the court to refer the matter to arbitration. While the specific grounds for the lawsuit remain unclear, arguments from both parties have been presented, and the next hearing is scheduled for January 3, according to a report by Times of India.

Buy or sell stocks for today: Carrying buying interest of the weekend sessions, Indian stock market ended higher for third straight session on Tuesday. Nifty 50 index ended 91 points higher at 21,441 levels, BSE Sensex gained 229 points and closed at 71,336 mark whereas Bank Nifty finished 233 points higher at 47,724 levels. However, broad market indices outperformed key benchmark indices.

(Reuters) — The United States has finalized contracts to purchase three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) after the largest sale in history last year, the U.S. Department of Energy said on Tuesday.

Gradient Investments President Mike Binger explains why he added McDonald's and Ulta Beauty to his portfolio on 'The Claman Countdown.'