President Financial News

Christmas and year-end season? Pretty much everywhere! Going by most accounts, the October to December quarter this year is likely to be a bumper quarter for the travel and hospitality sector with most companies claiming to have an even better momentum than in 2019. «There is a lot of talk about high airfares but the important thing to note is that people are travelling,» said Rajesh Magow, cofounder and group CEO of MakeMyTrip. «Typically, international travel bookings, even for short-haul travel, are made a couple of weeks or more in advance. However, with markets such as Thailand and others making the entry process a lot easier, we are seeing advance purchase windows for these destinations becoming shorter, in many cases, stretching to a couple of days,» he said. As per MakeMyTrip data, the top destinations for the last week of December in the domestic sector include Goa, Rajasthan, Varanasi, Kerala, Rishikesh and Kashmir. In terms of international flight bookings, popular destinations such as the UAE, Thailand, Singapore, and Indonesia continue to be favourites.

Gujarat Gujarat International Finance Tec-City (GIFT City) by the state government has drawn sharp criticism from opposition Congress. Congress President Shaktisinh Gohil in a late night video message called this an attempt to relax prohibition in Gujarat through the backdoor. It may be mentioned here that one Friday, Gujarat Government declared that the employees of the GIFT City as well as authorised visitors to the companies within GIFT City will be lawed to consume alcohol in designated areas in a bid to facilitate “wine and dine” services offered by the restaurants. However the restaurants will not be allowed to sell liquor bottles, the government added. Gohil said that Gujarat has retained good law and order due to prohibition and it is because of prohibition that women can move on the streets late in the night.

BJP is likely to announce Lok Sabha candidates for several seats much ahead of the announcement of poll schedule for the next general elections. The party intends to get into full election mode from next week, beginning with a series of programmes. BJP president JP Nadda is engaged in a two-day meeting of the national office bearers this weekend, where discussions on upcoming Lok Sabha polls is expected to figure.

Prime Minister Narendra Modi and BJP president JP Nadda held a brainstorming session on Friday with the party's office bearers for the upcoming 2024 Lok Sabha polls. The meeting was attended by heads of BJP's state units, its state incharges and several other office bearers. Both PM Modi and Nadda addressed the meeting and took stock of the organisational preparedness for the Lok Sabha polls.

attention that multiple notices were submitted under the relevant rules of the Rules and Procedure of the Council of States (Rajya Sabha) to address the pressing issue of the breach of Parliament security. The Opposition parties were prepared to engage in a meaningful discussion on the matter....I want to reiterate my commitment to open discussion and dialogue. I am more than willing to engage in a meeting with you at a mutually convenient date and time in the near future to address these concerns constructively..." the letter said.

New York Times said. The report, substantiated by satellite images claims to confirm the concerns around China's old base Lop Nur. The base where China detonated its first atomic bomb nearly 60 years ago has recently seen some massive infrastructural installments which include a deep vertical shaft.

TheIndianExpress said. The report mentions that Mohan Yadav filed his nomination in July, but did not turn up on the voting day. He was pitted against the candidates supported by Brij Bhushan Sharan Singh.

Emmanuel Macron has confirmed that he will attend the 75th Republic Day parade in national capital Delhi on 26 January 2024. The confirmation makes Emmanuel Macron the sixth French leader to grace the prestigious annual event. Emmanuel Macron took to microblogging siter ‘X’, formerly known as Twitter, to declare his acceptance of the invitation extended to him by the Indian Government.

these medals and awards hurt me, and I wonder why we were even given these when we fought for our daughters and sisters, and we failed. I feel that I am not suitable for this award. The federation was formed to support the players, not to demean and push them to the limits of retirement," Bajrang Punia said while speaking to reporters.

The Stock Trader’s Almanac continues to be bullish on stocks following their analysis of seasonal patterns and the 4-year Presidential Election cycle.

INDIA bloc an effective bulwark and force against the BJP and its allies, while vowing to be fully prepared at the earliest to fight the forthcoming Lok Sabha elections. However, Congress leader Rahul Gandhi, cracked down on other party workers for the Assembly election defeat in Rajasthan, Chhattisgarh, and Madhya Pradesh. According to an NDTV report, Rahul Gandhi emphasized on the need to ‘accommodate regional parties’ in their aim to fight against Prime Minister Narendra Modi and the Bhartiya Janata Party (BJP) in the upcoming 2024 Lok Sabha Elections.

Emmanuel Macron will be the Chief Guest come January 26 after the European country accepted India's invitation to be a part of India's Republic Day celebrations, becoming the sixth French leader to attend the event US President Joe Biden reportedly declined India's invitation to be the Republic Day chief guest, citing reasons believed to be influenced by the State of the Union address, his re-election bid, and Washington's increasing focus on the Hamas-Israel conflict. Ties between India and France have grown steadily in recent years. In July, Prime Minister Narendra Modi participated in the Bastille Day parade as the guest of honour during the French National Day celebrations.

Karnataka CM Siddaramaiah and state minister Ahmed Khan saying that at a time when their party is asking for donations, the two leaders are travelling in a 'private jet'. Responding to a question on the video of himself and Karnataka minister B Z Zameer Ahmed Khan travelling on a chartered flight, Karnataka CM Siddaramaiah says, "Ask BJP people in what Prime Minister Narendra Modi travels in." The video was first posted by the Karnataka Minister Zameer Ahmad Khan himself.

Bitcoin, the pioneering cryptocurrency, has surged to $44,050, marking over 1.4% increase and signaling a buoyant phase for the crypto industry. This upswing coincides with Coinbase’s strategic expansion, as the company secures a crypto license in France, indicating a broader global outreach. Meanwhile, tech maverick Elon Musk has announced plans for ‘X’ to delve into financial services by mid-2024, potentially reshaping the fintech landscape.

On the tarmac of a Moscow airport in late August, Yevgeny Prigozhin waited on his Embraer Legacy 600 for a safety check to finish before it could take off. The mercenary army chief was headed home to St. Petersburg with nine others onboard.

A lone gunman opened fire Thursday in a university building in downtown Prague, killing at least 15 people and injuring more than 20 in the Czech Republic’s worst mass shooting, police and the city’s rescue service said.

disruptions during Winter Session, Parliamentary Affairs Minister Pralhad Joshi on Friday said the government was not keen to suspend MPs from Lok Sabha, but opposition members came with requests for suspension after action was taken against some of their colleagues. Addressing a press conference here, Joshi also said the opposition was free to move court against the three new criminal laws if they felt something was wrong with the draft legislations approved by both the Houses of Parliament.

Karnataka minister showing videos of Chief Minister Siddaramaiah and other ministers returning from Delhi in a luxurious chartered flight has kicked up a storm with the BJP questioning the propriety of the opulence by the CM & his colleagues while the state reeled under drought. Housing Minister BZ Zameer Ahmed Khan had, on Thursday, posted a video on social media platform X showing the interiors of the luxurious private jet CM, himself and other ministers travelled from Delhi. The CM had gone to Delhi to press for funds to take up drought relief programmes in Karnataka. BJP Karnataka Unit President BY Vijayendra on Friday took pot-shots at Siddaramaiah for flying in a plush jet to submit a memorandum requesting funds for drought relief. In a post on social media platform X, Vijayendra said when the state had been reeling under drought, farmers were committing suicide, and the life of the common man had become unbearable, Siddaramaiah and his team of ministers were flaunting opulence by spending tax payers’ money. It was Karnataka’s misfortune that Siddaramaiah too had been part of this luxury.

ANI, Malikkh added, “Being a player, I can understand her pain. The only female medalist in wrestling demanded justice but she did not get it. Pained by this, she retired.

Bangalore, 17th December 2023: India’s most loved meat & seafood brand, Licious, takes forth its endeavour to mark December as the most flavourful month of the year, this time, with a musical twist! The brand has partnered with popular music composer Sneha Khanwalkar to create the ‘Sound of the Season’ - a catchy, groovy sound piece that aptly translates the essence of Licious Decemmmber into beats and notes. The foot-tapping number begins with a gentle reminder that it’s not December, but Decemmmber; and is interspersed with delectable notes of ‘mmmm’ as Licious’ fans are seen relishing their favourite meaty delights.

This surge in trading activity has increased the focus on the crucial role of margin requirements in the F&O segment. To assist traders in navigating these requirements, SAMCO Securities offers a user-friendly SPAN margin calculator.