Remark Financial News

Dubai, UAE – January 17, 2024

The ongoing trends for January show a distinctive preference for individual stocks over passive investments, according to Bank of America’s analysis of client flow trends.

NITI Aayog is absolutely wrong. NITI Aayog is not an independent organization, it is the cheerleader of PM Modi.

Chennai Petroleum, a government-owned refinery company, saw its foreign institutional investor (FII) holdings reach an all-time high of 14.7% in the December quarter (Q3 FY24). In the same quarter of the previous fiscal year, FIIs owned a 4.7% stake in the company. FIIs have been increasing their stake in the firm steadily, but the majority of the increase happened in the most recent quarter.

As the calendar turned to 2024, a significant event in the world of digital art and copyright law occurred. The original version of Mickey Mouse, as seen in the 1928 short film «Steamboat Willie,» officially entered the public domain. This development marked the end of the Walt Disney Company's copyright claim over this specific version of one of the most iconic characters in animation history. The United States law restricts copyright to a lifespan of 95 years, bringing Steamboat Willie into the public domain after nearly a century.

DAVOS, Switzerland — OpenAI founder and CEO Sam Altman said the night he was pushed out by the board was «wild,» and he felt «super confused» and was «super caught off guard.»

₹10 per litre next month. This development came as their profits are expected to hit a record ₹75,000 crore in the third quarter, despite falling crude oil costs, according to a report by Hindustan Times.

In recent developments, Bitcoin price prediction turned bearish as  the Bitcoin Miners’ Position Index (MPI) witnessed a remarkable surge, reaching 9.43 on January 12. This significant increase has sparked interest and concern among cryptocurrency investors and enthusiasts.

The recent passing of legendary MIT economist and Nobel laureate Robert Solow at the age of 99 has triggered a wave of tributes honouring his pioneering research, which deepened our understanding of the relationship between investment, technology and economic growth. His monumental contributions to the field are widely acknowledged, but for me his passing creates a profound and unexpected sense of personal loss.

A top Federal Reserve official said he's increasingly confident that inflation will continue falling this year back to the Fed’s 2% target level, after two years of accelerating price spikes that hurt millions of American households

Market expectations for rapid interest-rate cuts are a bit premature because the battle against inflation isn’t yet over, International Monetary Fund official Gita Gopinath said. 

Chinese Premier Li Qiang said that tech innovations should not be used as a way to restrict or contain other countries.

Thiruvananthapuram: National award-winning playback singer K S Chitra has faced criticism on social media following her recent video message encouraging people to chant Lord Ram hymns during the upcoming Ram temple consecration ceremony in Ayodhya on January 22. In the circulated video, the renowned singer urged everyone to chant the 'Sri Rama, Jaya Rama, Jaya Jaya Rama' mantra at 12.20 pm during the consecration ceremony and light five-wick lamps in the evening to mark the occasion. However, the video stirred controversy, with some netizens expressing disapproval, stating that she shouldn't have endorsed the Ram Temple and accusing her of taking political sides. Others, though, supported Chitra, asserting her right to express her opinion freely.

Supreme Court stayed the Allahabad High Court order for the appointment of a Commission for the Shahi Eidgah Mosque in Krishna Janmabhoomi dispute, Mehmood Pracha, Advocate representing the committee for Shahi Eidgah said that the apex court made some very strong remarks about the petition application. «Supreme Court today stayed the order of Allahabad High Court ordering a commission based on an application which was moved by the petitioners in this case. What is more important than staying the order is that the court made some very strong remarks about the petition application moved before the Allahabad High Court,» he told ANI. «The apex court stayed the Allahabad HC's order till the next date of hearing, saying that the petitioner is himself not clear as to what he wants in the commission.

By Tom Westbrook

Salaar Part 1 Ceasefire Box Office Collection Day 25: Despite nearing the end of its theatrical run, Prabhas' action extravaganza Salaar: Cease Fire - Part 1 continued to demonstrate a remarkable collection at the Box Office. According to estimates from Sacnilk, the film raked in an estimated ₹0.35 crore on its 25th day across all languages in India for the Hindi region on January 15. While this marks a dip from its earlier collections, it's a commendable feat, considering the film has been in theatres for nearly four weeks.

Ayodhya Ram Temple 'Pran Pratistha' ceremony will begin today i.e. on 16 January. The seven-day ritual will continue till 21 January.

The cryptocurrency market witnessed a remarkable recovery in 2023 with a staggering 109% year-over-year (YoY) surge. However, what captured the attention of the Binance Research team was the notable growth of the BRC-20 token standard throughout the year.

Bihar squad in that match and the game was also depicted in his biopic MS Dhoni: The Untold Story. "Karnataka's Prakhar Chaturvedi becomes the first player to score 400 in the final of #CoochBehar Trophy with his splendid 404* knock against Mumbai," posted the BCCI on X. Vijay Zol achieved the highest individual score in the top-tier Under-19 domestic cricket competition in India, scoring an impressive 451 not out for Maharashtra against Assam during the 2011-12 season.

₹668.18 crore in Q2FY24 to ₹293.82 crore during the period under review. The quarterly revenue of Jio Financial Services slumped 32% from ₹608.04 crore during the quarter ending September 2023 to ₹413.61 crore during Q3FY24. In the nine-month period ending December 2023, Jio Financial Services witnessed a significant jump in financial performance as compared to the fiscal year ending March 2023.

DBS Bank India, said, “Ownership of financial decision making, diverse investment and borrowing choices and growing adoption of digital channels are all evidence that the modern Indian woman is not just a participant, but a planner of her journey." The financial paths of women are as varied as their individuality. The manner in which they save, borrow, and invest money depends on many factors such as age, income, cultural background, and access to resources. As per the survey, women earning in metropolitan areas demonstrate a preference for low-risk investments, allocating 51 percent of their funds to fixed deposits (FD) and savings accounts.