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Shares of Paymentus (PAY) surged 27% on Tuesday, a day after the cloud-based bill payment technology provider reported better-than-expected Q4 results and issued robust guidance for full-year EBITDA.

By Stephen Culp

by inflation and high borrowing and credit card costs. The company reported its first annual decline in sales — 1.7% — in seven years. Target delivered a 58% increase in fourth-quarter profits and handily beat Wall Street expectations as the retailer cut costs and maintained a lean inventory during the critical holiday season.

For tax geeks like me, the release of the annual Report on Federal Tax Expenditures is an exciting day, but I’m guessing most people don’t read this data-rich review that “reports on the estimated fiscal cost of federal tax expenditures, sets out the approach used in developing these estimates and projections, and provides detailed information on each tax expenditure.”

More Canadians are beginning to crack under the pressure of increased mortgage payments, new data on consumer credit showed today.

By Jaspreet Singh and Aditya Soni

The S&P 500 ended February with a gain of more than +5% for the eleventh time in history. The last time we had a February up more than +5% was in 2015.

Cairo talks have been billed as a final hurdle to reach the first extended ceasefire in the war between Hamas and Israel- a 40-day truce during which Israeli hostages would be freed and aid pumped into Gaza — ahead of Ramadan, which is due to begin at the start of next week. «The delegation will remain in Cairo on Tuesday for more talks, they are expected to wrap up this round later today,» a Hamas official told Reuters. Egypt's Qahera television also reported the talks had been extended for a third day, but said they were «facing difficulties». Earlier, senior Hamas official Bassem Naim told Reuters the militant group had presented its proposal for a ceasefire agreement to the mediators, and was now waiting for a response from the Israelis, who have stayed away from this round. "(Prime Minister Benjamin) Netanyahu doesn't want to reach an agreement and the ball now is in the Americans' court" to press him for a deal, Naim said.

Kotak Mahindra Bank founder Uday Kotak on Tuesday pitched for a balanced regulatory approach across sectors, contending that too many «guardrails» could weigh down India's growth and hurt its journey towards being a developed nation, while too few of them could invite trouble. The regulators, he suggested, should avoid undue and excessive caution but instead respond swiftly to crises or «accidents», he said. Addressing a two-day conference of the National Financial Reporting Authority (NFRA), Kotak said sacrificing growth to tackle risks is not a solution but problems need to be dealt with in an innovative manner. Kotak's comments come at a time when watchdogs across the financial sector-from the Reserve Bank of India to the Competition Commission of India-are increasingly facing pressure to balance regulations with innovation, especially due to the fast-paced evolution in the technology space. He said the aspirational annual growth rate of 7.5-8% over the next 20-25 years will require significant capacity building to match up to the fast transformation in the economic landscape.

service sector growth momentum eased in February but remained robust despite a slowdown in new orders and output, according to a private survey released on Tuesday. The seasonally adjusted HSBC India Services Business Activity Index fell to 60.6 in February from 61.8 in the previous month. A level of over 50 indicates expansion. «A climbdown from a six-month high in January was largely expected, but at 60+, still indicates a sharp expansion rate,» said Rahul Bajoria, managing director and head of EM Asia (ex-China) Economics, Barclays. Despite the decline, service activity in February was at its second highest level in five months, but milder growth during the month clouded the business outlook. «Due to a slowdown in growth in new orders and output, services companies' outlook for future business activity, while remaining strongly positive, weakened slightly,» said Ines Lam, economist, HSBC. Of the 400 firms surveyed for the period, 26% still expect growth in the year ahead, but 2% predict a decline. Employment suffered with survey members indicating that employment numbers were sufficient.

Chinese influence" may have played a role in encouraging the Leftist unity in Nepal with PM Pushpa Kamal Dahal 'Prachanda' dropping the Nepali Congress as its partner and form an alliance with the Communist Party of Nepal (CPN)-UML led by K P Sharma Oli. The year-long Nepali Congress and Prachanda-led CPN (Maoist Centre) coalition collapsed on Monday, with Prachanda joining hands with the CPN-UML to revive the «Left alliance». Thereafter, Prachanda reshuffled his cabinet to include ministers from the Communist party and created an eight-point programme to run Nepal. Despite contesting the elections in a pre-poll alliance with the Congress, Prachanda became the Prime Minister on December 26, 2022, with the UML's support. But the partnership could not last long after his party decided to support the Nepali Congress in the presidential election. The UML had pulled out of the government on February 27 last year, and Prachanda and Nepali Congress joined hands to form the government.

Mint. Asset managers are not allowed to share any commissions or incentives other than the prescribed trail commissions. Trail commission refers to a fee that mutual funds pay their distributors as long as those who bought MF units stay invested.

the choice seems to be simple. Both political parties already have clarity over who their nominees will be, as Joe Biden (Democrat leader) and Donald Trump (Republican leader) have cruised through the early voting states. Super Tuesday is the primary election day the most states hold their primaries and caucuses and decide on the bulk of delegates for candidates in their respective parties.

Elon Musk's stark warnings, has thrust President Joe Biden's immigration policies into the spotlight. Musk alleges a perilous strategy, likening it to «importing voters» and raising concerns about national security that could surpass the impact of 9/11.

Manipur Chief minister Nongthombam Biren Singh informed the assembly on Tuesday that altogether 63 persons were reported missing since the ethnic violence unfolded in restive Manipur in May last year. Out of them, 26 were found dead, 9 were traced out alive and 28 are still missing, informed Biren, while responding to posers raised by legislators on the fifth and last day of the 5th session of 12th state assembly. On the missing of two standard XII students from Imphal West district’s Sagolband Tera area, the leader of the house said the Cental Bureau of Investigation has reported to have filed charge sheet against five accused arrested in the case.

Fortnite's Chapter 5 Season 2 is on the horizon, promising a fresh start with its Greek Mythology theme. Leakers have been busy uncovering new weapons and guns that are set to debut in the upcoming season. Here's a rundown of all the leaked weapons that players can expect to see, as per a Dexerto report.

MUMBAI : IIFL Finance Ltd on Tuesday tried to assuage investor concerns, stating there were no governance lapses, after the Reserve Bank of India (RBI) barred the non-banking financial company (NBFC) from offering any loans against gold. On Tuesday morning, shares of IIFL Finance opened 20% lower as investors dumped shares after the banking regulator issued a statement on Monday evening that detailed some lapses. “We wish to make it unequivocally clear that there are no governance or ethical issues," said Nirmal Jain, managing director, in a call with analysts on Tuesday.

ALSO READ: Instagram, Facebook down globally: Meta 'working' to solve issue as users flag call to 'log in again, change password' According to details, the disruptions started around 8:30 pm on Tuesday, with 'Log in again; session expired; couldn't refresh feed', were some of the messages that popped up while using the Facebook and Instagram apps. Outage tracking website Downdetector.com also revealed that Meta Platforms' Facebook and Instagram were down for tens of thousands of users on Tuesday. According to outage tracking website Downdetector.com, there were 31,493 reports of outage on Instagram app at 9.23 pm, while 24,193 reports for Facebook at 9.09 pm.

YouTube and social networks Facebook and Instagram faced problems in logging into their accounts in several parts of the world, including India. Users turned to another social network X, WhatsApp and other online portals to report network outages faced while connecting to Google and Meta-owned platforms.

NDTV, the person speaking in the video is Gagandeep Singh. He says that they had left for Russia on December 27. They had a valid visa to stay in the country for 90 days.

the custody was supposed to be handed over today at 4:30 pm as per the high court order, the West Bengal CID did not hand over custody of Sheikh Shahjahan to CBI. Before the Bengal government's action, the Calcutta High Court had directed that the CBI be handed over the case of attack on ED officials at Sandeshkhali and the custody of suspended TMC leader Shahjahan Sheikh, while slamming the Mamata Banerjee government for “protecting" the accused.