Reports Financial News

Wall Street is hanging around its record heights as earnings reporting season for big U.S. companies gets going

A Filipino fishing boat captain is protesting the Chinese coast guard’s aggression in the disputed South China Sea where he asserts that Chinese officers forcibly drove him and his men away from a disputed shoal

The Prime Minister’s Office (PMO) has begun an important stock-taking of India’s statistical system in the wake of several controversies related to official surveys and estimates, according to two persons aware of the discussions in the government. Some of these controversies were around the reliability of growth estimates, delays in conducting some economic surveys and the census, comprehensiveness of sampling methods, and the gap in the number of covid-19 deaths estimated by India and the World Health Health Organization. Officials from the statistics and finance ministries are part of the effort led by PMO officials, one of the two persons said.

Want to take exposure to a sector which grows much faster than GDP

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

Banks are expected to witness a big ATM refresh ­cum­ addition cycle in the next 12-18 months, involving replacement of nearly 40,000 ageing ATMs, and expansion of network by about 10,000, as per industry estimates, reported Business Line.

Canada’s economy hit a technical recession at the end of 2023 and will continue to struggle to grow in the new year, according to forecasts from the Canadian Federation of Independent Business.

A Conservative bill to remove GST from Ottawa’s carbon pricing plan could eventually lead to $1 billion in lost tax revenue, the parliamentary budget officer (PBO) says.

Also Read: India's crude oil output down 1.03% to 2.5 MMT in December, imports rise 1.1% YoY: PPAC Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a February 16 expiry, was last trading 0.06 per cent lower at ₹6,261 per bbl, having swung between ₹6,118 and ₹6,265 per bbl during the session, against a previous close of ₹6,265 per barrel. The International Energy Agency (IEA) this week raised its 2024 global demand forecast, but its projection is half that of producer group Organisation of Petroleum Exporting Countries (OPEC).

₹65,083 crore as on 31 December. In comparison, ICICI Bank and HDFC Bank witnessed a 37.3% y-o-y and 10.3% y-o-y growth in personal loans. Sumit Bali, group executive and head of retail lending at Axis Bank, said that over 80% of customers in the personal loan segment are existing ones and the bank has quite a bit of their banking history.

BRUSSELS (Reuters) — The European Union faces a risk of consumer prices surging and growth slowing due to disruptions to shipping through the Red Sea, though it has yet to feel an economic impact, a top EU official said on Tuesday.

By Sinéad Carew and Amanda Cooper

Moody's Analytics, an arm of the ratings agency, has identified seven indicators in companies that can indicate heightened risks in corporate structures potentially enabling evasion of government sanctions, money laundering, fraud, and other financial crimes. Abnormal directorships, mass registration of companies in a particular geography, jurisdictional risks, financial anomalies, dormancy, circular ownership, and unusual ages of directors are the seven indicators, according to a report by Moodys’. Risks through one or more of these indicators imply presence of a shell company that may mandate a targeted investigation. $1.6 trillion are estimated to have been laundered each year globally, calling for efforts to stay ahead of evolving risks.

NEW DELHI : JSW Energy on Tuesday reported over 28% rise in its consolidated net profit to ₹231 crore in the December 2023 quarter on the back of higher revenues. "Profit After Tax for the quarter (October-December 2023) increased by 28 per cent YoY (year-on-year) to ₹231 crore, compared to ₹180 crore in the corresponding period of the previous year," a company statement said.

Investing.com — U.S. futures edged lower Tuesday, consolidating after recent gains as the earnings season kicks into full gear.

US International Development Finance Corporation or DFC, Norway government-owned Norfund and two other financiers have provided $1 billion in funding to waste-to-energy producer SAEL Industries, the company said in a release on Tuesday. Asian Development Bank and Tata Cleantech Capital are the other financiers. The company did not provide a break up of how much of the funding was in the form of debt and what component was an equity investment. ET had reported on 18 January that SAEL Industries was close to finalising a $1 billion funding.

trans community in Manipur has raised strong objections to the inclusion of only 239 of its members in the state’s final electoral rolls, asserting that this figure significantly underrepresents their actual population. Santa Khurai, a trans activist and secretary of the All Manipur Nupi Manbi (trans-women) Association (AMANA), a prominent trans community organization, emphasized that the adult trans population in the state exceeds 4000. The final electoral rolls, released on Monday by Manipur Chief Electoral Officer Pradeep Kumar Jha, reported a total of 20,26,623 electors, including 10,46,706 females, 9,79,678 males, and only 239 individuals identified as third gender or trans gender. Expressing disbelief at the remarkably low figure, Santa, also a researcher and writer, stated, “We are stunned to see the terribly small number of just 239 third gender voters in the final electoral rolls.” In 2020, during the height of the Covid-19 pandemic, AMANA conducted a survey, distributing support materials to trans community members and identifying 4000 adult members. Santa acknowledged the likelihood that this figure is an underestimate due to many individuals avoiding participation out of fear of social stigma. To rectify this discrepancy, AMANA plans to engage with the state election office to ensure a more accurate representation of the trans community in the electoral rolls.

Cult.fit has laid off 100 to 120 employees as part of a cost-cutting exercise, people in the know told ET. The firm’s parent entity, Curefit Healthcare, also runs other brands like Sugar.fit and Carefit, and is backed by the likes of Tata Digital and food-delivery major Zomato.

Investing.com — Oil prices fell Tuesday, handing back early gains as worries over rising supply countered continued Middle East tensions.

By Bhanvi Satija and Patrick Wingrove