Remark Financial News

Federal Reserve officials, with upbeat consumer data providing some lift. All three major U.S. stock indexes lost momentum as the session progressed, but ended the range-bound session in the green. «Even marathon runners have to pause, to take a breath and a drink of water.

Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died at a California hospital. He was 99.

Investing.com — The Dow closed higher Tuesday, underpinned by a fall in Treasury yields as dovish remarks from some Federal Reserve officials boosted bets on rate cuts.

By Howard Schneider and Ann Saphir

Supreme Court has directed the Manipur government to ensure «dignified and decent» burial of the unidentified and unclaimed bodies of those killed during the ethnic violence in Manipur. Passing the order, a bench headed by Chief Justice of India DY Chandrachud on Tuesday said that it would «not be appropriate» to keep the bodies indefinitely in the mortuaries. The bench ordered that the list of identified bodies should be duly intimated to the next of kin and the last rites should be performed with dignity and observance of religious rites of the community. The court further ordered that DNA samples should be drawn before the burial takes place since the criminal investigation is underway. During the resumed hearing of pleas pertaining to Manipur violence, the bench noted that a committee of three retired judges appointed by the top court in a report found that 169 of the 175 bodies have been identified. Of the 169 identified dead bodies, 81 have been claimed by next of kin but 88 are unclaimed and six are unidentified.

Bengal assembly on Tuesday suspended Leader of Opposition Suvendu Adhikari from the House for the remaining part of the winter session for remarks against Speaker Biman Banerjee. This is the second time Adhikari has been suspended from the House.

Richard Ashcroft has revealed his excitement in announcing a highly anticipated show scheduled for Saturday, July 20, next year at Robin Park Arena in Wigan. This marks the first time the 52-year-old, originally from Orrell, will perform in Wigan since the iconic Haigh Woodland Park concert with his former band, The Verve, in May 1998. Ashcroft expressed his delight today, stating, «After 25 years, back playing in my hometown. Looking forward to an amazing night in Wigan.» Tickets for the event will be available for purchase starting Friday, December 1, at 9 am through www.gigsandtours.com and www.ticketmaster.co.uk. Kris Radlinski, Chief Executive of the Warriors, remarked, «The date May 24, 1998, holds a special place in the recollections of numerous Wigan residents, myself included, serving as a cultural high point when The Verve electrified Haigh Hall to its very essence. This was a moment that Wigan crafted, leaving an enduring 'I was there' memory for the town.»

pharmaceutical business may exceed USD 130 billion by 2030, supported by expanding market opportunities and heightened demand in the overseas markets, industry experts said on Tuesday. The business stood at over USD 50 billion for the 2022-23 fiscal, they noted. Chairman of PharmExcil (Pharmaceuticals Export Promotion Council of India) Veeramani S V said the Indian pharmaceutical industry is on a compelling growth trajectory, evidenced by an 8 per cent year-to-date increase in exports and a remarkable 29 per cent surge in October alone. «This growth is propelled by expanding market opportunities, heightened demand in the USA, and critical shortages of medicines in the US and Europe. Despite challenges in CIS countries, the global reception of Indian pharmaceuticals remains positive,» he said. Veeramani noted that the domestic market has exhibited impressive growth, exceeding 10 per cent.

Israeli defence forces have completely destroyed Hamas's infrastructure in northern Gaza except the underground tunnels and the focus at the end of the current pause in fighting will be to clean up the southern part of the strip, Israeli Ambassador Naor Gilon said on Tuesday. In an interaction with a group of journalists, the envoy also described India's position on the Gaza crisis as «remarkable» from the day one and especially mentioned Prime Minister Narendra Modi's strong denunciation of Hamas's unprecedented terror attack on Israeli cities on October 7.

BSE SmallCap index this year so far has rallied 37.61%, outperforming the benchmark Nifty 50 by a wide margin. With their sustained robust performance, it is increasingly crucial for investors to meticulously assess and contemplate the potential benefits of diversifying their portfolios with these burgeoning small-cap stocks. Amid this bullish trend, nine small-cap stocks, which were trading between ₹5 and 15 apiece a year ago, have zoomed tremendously to trade between ₹30 and 65 apiece currently.

The international banking giants HSBC and Hang Seng Bank have joined China’s digital yuan pilot.

BharatPe on Tuesday announced that it has turned Ebitda positive in October with annualised revenue crossing Rs 1,500 crore. Without giving out the actual number, BharatPe in a statement said the financial milestone was attributed to consistent growth across all business lines. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) is a measure of core corporate profitability.

bonds. “In FY '22-23, private placements garnered an impressive ₹7.5 lakh crore (USD 94 billion), and in the current fiscal year, FY’23-24, we have already witnessed a substantial raise of ₹4.15 lakh crore (USD 52 billion) by October. It's to be noted that this strong momentum includes obtaining money through private placements," said Abhijit Roy, CEO, of GoldenPi.

In an electrifying development, CAGA Crypto, a pioneer in decentralized governance and blockchain innovation, celebrates its remarkable listing on top-tier centralized exchanges (CEX), including BITMART(30th November 2023) and GATE.IO (29th November 2023). This significant leap is not just about growth; it’s a vibrant celebration of CAGA Crypto’s expanding reach and influence in the fast-paced world of cryptocurrencies.

Elon Musk that the tech mogul has "a huge role to play" in combating anti-Semitism, which his social media platform is accused of spreading, according to AFP reports. The meeting came after the world's richest person visited a kibbutz community devastated in attacks by Hamas militants on October 7, and met with Prime Minister Benjamin Netanyahu and defense officials. Musk has been criticized over what critics say is a proliferation of hate speech on X, formerly Twitter, since his takeover of the social media site in October 2022.

BSE rose 5 percent in intra-day deals on Tuesday, extending gains for 3rd session after global brokerage Jefferies initiated coverage on the stock with bullish outlook. Jefferies has initiated a 'buy' recommendation for BSE, setting a price target of ₹2,700, indicating an upside potential of 24 percent. The stock's lower forward P/E ratio compared to other market players suggests a potentially attractive investment opportunity, said the brokerage.

Pope Francis is receiving antibiotics intravenously to treat a lung inflammation and will scale back some appointments, but he doesn't have pneumonia or fever, the Vatican has said. Francis himself on Sunday revealed that he was suffering from the inflammation problem, explaining why he didn't keep his weekly window appointment to greet people in St. Peter's Square.

United States and North Korea, the United Nations ambassadors of both countries engaged in a heated debate at the Security Council on Monday. As reported by Reuters, the contentious discussion focused on North Korea's recent launch of its first spy satellite and the escalating tensions in the region. After an absence of nearly six years, North Korea resumed sending its envoy to UN Security Council meetings concerning its nuclear and ballistic missile programs in July.

In the ever-fluctuating realm of digital currencies, Ripple’s XRP stands at a pivotal juncture, currently trading at $0.6015 amidst a robust 24-hour trading volume of $1.2 billion.

Catherine Hardwicke, the director behind the first installment of the saga, recently weighed in on the hypothetical casting choices for the beloved characters of Edward Cullen and Bella Swan if the series were to be revisited today. Hardwicke, speaking on the «Watchalong» podcast, expressed her thoughts on who could step into the shoes of the star-crossed lovers. With confidence, she nominated Jacob Elordi and Jenna Ortega as ideal candidates for these pivotal roles.

InterGlobe Aviation Limited, the parent company of IndiGo, Monday said the airline has introduced an AI chatbot 6Eskai to elevate its customer service experience. The Gurgaon based low-cost airline said the internally developed AI chatbot has shown promising early results by making booking process simpler with the use of natural language conversations resulting in a 75% reduction in customer service agent workload.