Reports Financial News

same-day settlement, or T+0 of trades, foreign portfolio investors (FPIs) have raised concerns, stating that this may fragment market liquidity or trading volumes, reported Business Line. Consequently, they have sought more time for suggestions on viable alternatives given the year-­end holiday season, said two people in the know, as per the report. The Securities and Exchange Board of India (Sebi) has proposed a phase wise transition to instant settlement of trades in the equity cash market and sought feedback by January 12, it said.

The Mirror. However, her memoir is unlikely to be released this year. “I am sure that is still the plan and it will form part of their deal with Penguin, but timing is everything and 2024 wouldn’t be the right time for its release," Lynn Carratt from Press Box PR told The Mirror.

₹1.15 lakh per year. In real terms (adjusted for higher prices of goods and services), that is 6.7% higher than in 2019-20, the last pre-covid year. After the steep decline in incomes in absolute terms in the covid years of 2020-21 and 2021-22, all states staged a recovery in 2022-23, as areas emerged from lockdown, and consumers opened their wallets.

₹487.44 per share, marking the highest rate for a secondary share sale in December, Maheshwari's divested shares would amount to a valuation exceeding ₹300 crore. Notably, the CEO of FirstCry has included himself as a selling shareholder in the upcoming public issue.

D K Shivakumar, who is visiting Kerala, on Monday defended his government's decision to celebrate the consecration ceremony of the Ram Temple in Ayodhya on January 22, saying «ultimately we all are Hindus». He was talking to reporters after arriving in the state capital of Kerala to attend the Ramachandran Foundation award ceremony. «See, ultimately we all are Hindus,» Shivakumar said in response to reporters' query on the Congress-ruled Karnataka government celebrating the consecration ceremony in temples across the state.

Reserve Bank of India (RBI) has taken an action against Navsarjan Industrial Co-operative Bank Ltd., situated in Ankleshwar, District Bharuch, Gujarat, by imposing a monetary penalty of Rs 7.00 lakh. According to RBI, this penalty, enacted through an order dated December 14, 2023, has been imposed due to the bank's non-compliance with RBI directives on 'Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs),' 'Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016,' and the contravention of 'Section 26A (2) read with Section 56 of the Banking Regulation Act, 1949 (BR Act).' The penalty is a result of the powers conferred on RBI under the provisions of Section 47A(1)© read with Sections 46(4)(i) and 56 of the BR Act. It is crucial to note that this measure is centred around deficiencies in regulatory compliance and does not pass judgment on the validity of any transactions or agreements entered into by the bank with its customers. The background leading to this penalty involves the statutory inspection of the bank conducted by RBI concerning its financial position as of March 31, 2022. Examination of the Inspection Report, Risk Assessment Report, and all related correspondence revealed multiple issues, including a breach of inter-bank gross and counterparty exposure limits, failure to conduct a review of risk categorization of accounts as per prescribed periodicity, and not transferring the eligible amount to the Depositor Education and Awareness Fund. In response to these findings, RBI issued a notice to the bank, instructing it to show cause as to why a penalty should not be imposed for the failure to comply with the mentioned directions and provisions of the BR Act. Follow

The new year witnessed a robust performance by the US dollar, as evidenced by the Dollar Index's 1% gain, reaching the 103 level tested the previous week.

(Reuters) -Regeneron Pharmaceuticals on Monday reported eye drug Eylea's fourth-quarter preliminary U.S. sales below Wall Street expectations, as the company's blockbuster product faced pressure from a rival.

National Aeronautics and Space Administration (NASA) has rejected the concerns raised by some reports that 2007 FT3, a lost asteroid, could potentially hit Earth in this year. Confirming that the 54-million-ton asteroid, of which scientists lost track nearly two decades ago, posed no threat to our Earth on October 5 this year, the US space agency said: “There are no known asteroid impact threats to Earth at any time in the next century." Astronomers eventually lost track of the 984-foot asteroid after first spotting it in 2007, categorizing it as a "lost asteroid." In 2007, some reports stated that there was a roughly 1 in 10 million chance of 2007 FT3 colluding into Earth by March 3, 2030 or a 1 in 11.5 million chance of striking the Earth on October 5, 2024.

Investing.com — U.S. futures retreated Monday, with investors cautious ahead of the release of the key monthly inflation data later in the week, which could determine risk appetite going forward.

thunderstorm with lightning/gusty winds & Hailstorm over East Rajasthan on 08th & 09th," IMD said in a tweet. As per IMD, the change in Rajasthan weather conditions is influenced by the western disturbances and the state can witness light spell rains across several eastern districts. The forecast comes as the temperature ranges between 3 to 7 degrees Celsius in Rajasthan with a deep layer of fog engulfing the state.

₹3,560 per share in intraday trading on January 8. This surge was prompted by the brokerage firm UBS assigning a 'buy' rating to the stock, accompanied by an upward revision of the target price from ₹3,600 to ₹4,400. This adjustment implies a potential upside of 23 percent from the current levels.

Shakib Al Hasan is well-known to make headlines for his temper and the internet is filled with his videos of vociferously arguing with umpires, or kicking stumps, etc. The 36-year-old Bangladesh all-rounder fought the election from the Magura parliamentary constituency of Bangladesh and defeated his competitor convincingly with over 1,50,000 votes.

Also Read: SUV allure lifts passenger vehicle sales past 4 million in 2023 Notably, the Range Rover Sport wholesale volumes witnessed a surge of 49% YoY, with 16,921 units. Similarly, Range Rover achieved a 12% YoY increase with 18,843, while Defender saw a rise of 14% YoY, reaching 27,117. Wholesale volumes for the financial year to date were 291,113, up 28% YoY, according to the company.

Following the NFP-inspired volatility, gold returned near Friday's lows by early European trade, as the US dollar index recovered somewhat against the majority of G10 currencies and bond yields pushed a little higher.

Investing.com — U.S. stock futures edged lower Monday, with investors nervous ahead of the release of crucial inflation data that could influence future Federal Reserve thinking over potential interest rate cuts.

UBS Group aims to grow its wealth and asset management business in China, despite the slowing economy and dearth of deals that’s weighed on some Wall Street and European lenders in the country.

Hedge funds are preparing to face the challenges of continued macroeconomic factors, uncertainty, and market volatility, having ended 2023 with positive sentiment, led by North American managers.

Budget 2023 was the last full-fledged Union Budget of the current government before the 2024 Lok Sabha elections. The Budget presented by the government on 1st February 2024 would be a ‘vote on account’. While no major announcements are expected, individual taxpayers have expectations on the same.

Solana’s MangoFarmSOL, a farming protocol on the Solana ecosystem, is speculated to be an exit scam after abruptly deactivating its social media accounts and reports of missing funds. 

Circle Squared Alternative Investments founder Jeff Sica explains why consumer spending will dramatically decline before the holidays on 'Varney & Co.'