Reports Financial News
03.01 / 18:07
Provident
Career
security
Align
President
reports
Relationships
LPL nabs $260M advisor from PNC
LPL Financial has recruited Zachary Fiandt, an advisor who had managed $260 million in assets at PNC Private Trust Bank and who will align with Financial Partners Inc., which is part of Exemplar Financial Network, the firm announced Tuesday.
03.01 / 17:58
Waters
Extreme
Death
country
reports
Schools
Extreme cold grips Nordic countries as floods hit western Europe
snowstorms disrupting transportation and closing schools in Scandinavia while strong winds and heavy rain in western Europe caused flooding and at least one death. Temperatures fell below minus 40 degrees Celsius (minus 40 degrees Fahrenheit) in the Nordic region for a second day in a row Wednesday. In Kvikkjokk-Arrenjarka in Swedish Lapland, the mercury dropped to minus 43.6 C (minus 46.5 F), the lowest January temperature recorded in Sweden in 25 years, Sweden's TT news agency reported.
03.01 / 17:55
COST
Progressive
Pool
innovations
reports
recommendations
Why 16th Finance Commission must think innovatively about fund allocation
The disaster occurred partly because of a path-dependent adherence to traditional shipbuilding techniques that couldn't support the heavy artillery. The recently constituted 16th Finance Commission (FC) must avoid the 'Vasa syndrome' of sticking to precedents at the cost of progress. There are three critical areas in which the 16th FC must diverge from its predecessors' path: Resource allocation Initially, the 14th FC proposed an augmentation of states' share in vertical devolution from 32% to 42%.
03.01 / 17:01
Extreme
Strategy
Marlboro
reports
Department
gatherings
Schools
fall
Low
Job openings fall in November to fresh 2-year low
BNY Mellon Wealth Management head of equities Alicia Levine and Simplify Asset Management chief strategist Mike Green discuss whether the Fed's inflation strategy is working on 'Making Money.'
03.01 / 16:18
UPS
Assurant
Election
reports
Rajtilak se vanvaas: Ex-MP CM Shivraj Singh Chouhan on political journey as women shout don't leave us
Kayi bar rajtilak hote-hote vanvaas bhi ho jata hai (sometimes one ends up in exile while waiting for coronation)." His statement as many speculated his role in the Bharatiya Janata Party (BJP) after being replaced by Mohan Yadav as the chief minister of the state. Chouhan said this while replying to the women at an event organised in Madhya Pradesh's Sehore district on Tuesday evening. At the programme, a few women shouted, "Hume chod kar kahin mat jaiye, Mama bhaiya.
03.01 / 16:18
UPS
Strategy
Apple
President
Xiaomi
reports
Xiaomi lists premiumisation, AIoT, omnichannel push as India priorities
smartphone company Xiaomi is kicking off 2024 with a three-year strategy to become India’s most preferred smartphone plus AIoT (artificial intelligence of things) brand, having regained some of the lost foothold in 2023, a top executive said on Wednesday. “With the reset, recharge, refresh strategy and Xiaomi getting its mojo back (in 2023), we now have a three-year gameplan to play with, wherein we want to be the aspirational Indian’s most preferred and pioneering smartphone x AIoT brand,” Xiaomi India president Muralikrishnan B told reporters. Premiumisation, fostering an integrated smartphone x AIoT experience for users, and synergising the omnichannel sales strategy will be the key pillars of the plan, he said. “In 2024, the smartphone market in India will grow in a single-digit percentage, largely driven by 5G, and we’d like to be at the forefront of it,” Muralikrishnan said. “Over three years, definitely we would want to have a substantial share of the premium segment.” The positive outlook on spending by the middle class in the coming years will also boost the smartphone market going forward, he added. At the same time, the company will be open to leveraging its R&D investments in generative AI “as and when chipsets develop new capabilities”, though it will be up to application makers to get the best out of it, Muralikrishnan said. Chinese smartphone makers, bogged down by government scrutiny and competition in the market from major rivals such as Samsung, Vivo, Oppo and Apple, are looking to regain their once-dominant market shares in India.
03.01 / 15:43
FIVE
Art
Southern
War
stage
reports
Schools
Russia accidentally bombs own village, vows to rebuild homes
Russian regional governor said on Wednesday he had ordered the rebuilding of nine houses in a village that was accidentally bombed by one of Russia's own warplanes. The incident took place on Tuesday, when the state news agency RIA quoted the defence ministry as reporting an «abnormal discharge of aircraft ammunition» over the village of Petropavlovka in the southern region of Voronezh. Governor Alexander Gusev said the nine houses would be rebuilt as soon as possible, and there had also been damage to a small local school, an arts centre and an administrative building. No one had been killed but four people were treated for minor injuries and residents had access to psychological support, he said. Five cars and a tractor had also been damaged, and the owners would get compensation. «Not a single resident will be left without help, we will support everyone as much as possible,» Gusev said. Authorities did not say what caused the incident. While the damage was limited, it was embarrassing for Russia's military and came at a time of high alert in its southern regions close to the border with Ukraine. Over the New Year period, Russia staged some of its heaviest missile and drone strikes on Ukraine since its full-scale invasion in February 2022.
03.01 / 15:42
UPS
Provident
Action
Enterprise
reports
Investigations
stake
Religare Enterprises denies issuing 8% stake of Religare Finvest to Chairman Rashmi Saluja
Saluja has not been issued any additional stock options of Religare Finvest, rebutting a call for an investigation by the Burman family into the alleged allotment of 8 per cent stake through Employee Stock Ownership Plans (ESOPs) in violations of rules. In a statement, Religare Enterprises Ltd (REL) said the approval sought at the AGM of RFL (Religare Finvest Ltd) held on September 26, 2023 was to seek enabling approval of shareholders for the proposed grant of ESOPs of RFL to Rashmi Saluja under the RFL ESOP Plan 2019. RFL is a subsidiary of Religare Enterprises.
03.01 / 15:39
COST
Target
Manufacturing
Tesla
Trade
reports
2024
Tesla Faces a Higher Bar for Hype in 2024
Tesla shares had a stellar 2023, in large part because they had such a dismal end to 2022. By the same logic, this year could be tough for the world’s most traded stock. The company delivered roughly 485,000 electric vehicles last quarter—a bit better than expected, but worse than its Chinese rival BYD, which sold about 526,000.
03.01 / 15:38
Reuters
Digital
Tesla
SpaceX
country
reports
Videos
In a first, India to launch GSAT-20 satellite on SpaceX Falcon 9 rocket: Details here
high-capacity satellite aims to meet the broadband communication needs of the country. "NewSpace India Limited (NSIL) to undertake its 2nd Demand Driven satellite mission “GSAT-20 [GSAT-N2] : Ka-band HTS satellite" during 2nd quarter of 2024…" read the press release issued by the NSIL on Tuesday. ALSO READ: ISRO launches X-ray polarimeter satellite to study black holes.
03.01 / 15:37
Provident
Dash
Aviat
Airlines
reports
Traffic
Investigations
NOT
Japan Plane crash: Coast Guard plane was not given permission for take-off before collision
Japan Airlines Co. passenger jet, based on a transcript of Tuesday’s incident at Tokyo’s Haneda Airport. The readout of communications just prior to the crash was released Wednesday by Japanese officials in Tokyo.
03.01 / 15:37
security
Death
President
country
hospital
2020
reports
Iran terror attack LIVE: Death toll rises to 103, Iran declares day of mourning on Thursday
Iran terror attack LIVE: Amid the twin explosions in Iran's Kerman – about 820 kilometers (510 miles) southeast of Tehran – Iran officials have called it a terrorist attack.Mohammad Saberi – the head of Kerman’s emergency services – has confirmed to state media that more of the critically injured in the blasts have now died, bringing the total number of dead to 103, adding over 141 are wounded and the numbers may rise.Meanwhile, an emergency has been imposed in all the hospitals of the province.Iran’s head of Judiciary, Gholam Hossein Mohseni-Ejei, has released a statement He had said, as quoted by Al Jazeera, “The agents and perpetrators of this grievous crime will undoubtedly be punished."“Responsible intelligence, security and law enforcement agencies are obligated to promptly pursue all the evidence and perpetrators and hand them over to the Judiciary."No outfit has claimed responsibility of the attack as of yet.As per details, the explosions took place in quick succession near the grave of Iranian general Qasem Soleimani, as the country marked the anniversary of his killing in a US drone strike in Iraq.Iran’s Interior Minister Ahmad Vahidi said that the initial explosion took place at 3.00 pm local time, with a subsequent explosion occurring after people had assembled to assist in the aftermath of the first incident, adding, the majority of casualties resulted from the second explosion.Here are the live updates.Iran terror attack LIVE: Russian President Vladimir Putin on 3 January condemned the Iran blasts and referred to it as 'shocking in cruelty and cynicism', reported AFP.Iran terror attack LIVE: Iran declared Thursday a day of mourning following twin blasts that killed at least 103 people near the grave of
03.01 / 15:27
UPS
Aware
CEO
track
innovations
reports
Versuni opens new factory in Ahmedabad to boost local production
Versuni Wednesday opened its second factory in India in Ahmedabad built on a 25,000 square metre to make air fryers, garment steamers, hand mixers. Global CEO of Versuni Henk De Jong, who was present at the inauguration, told reporters that with the second factory in place, Versuni — which owns the Philips Domestic Appliances brand — will procure 90% of all products sold in India locally, from 70% at present. The new factory is expected to generate more than 1000 new jobs in the first phase where the factory will have a capacity to make 500,000 air fryers and 2 million garment steamers annually.
03.01 / 15:27
UPS
Reuters
Manufacturing
economy
reports
US manufacturing sector eyes recovery in December; ISM PMI increased to 47.4
improvement in factory employment. The Institute for Supply Management (ISM) said on Wednesday that its manufacturing PMI increased to 47.4 last month after being unchanged at 46.7 for two straight months. It was the 14th consecutive month that the PMI stayed below 50, which indicates contraction in manufacturing. That is the longest such stretch since the period from August 2000 to January 2002.
03.01 / 15:23
UPS
Netflix
Patrick
film
exclusive
reports
Features
Lindsay Lohan's 'Irish Wish': Netflix premiere, release date, and cast revealed
Lindsay Lohan is back for her second feature film, 'Irish Wish,' set to premiere globally on March 15th, 2024, just in time for St. Patrick's Day. Here's everything you need to know about this much-anticipated romantic comedy. Rumors of 'Irish Wish' began circulating in August 2022, with What’s on Netflix being among the first to report on the production ramp-up. The official confirmation came from Netflix on September 1st, 2022, marking the second installment in Lindsay Lohan's exclusive two-movie deal with the streaming giant.
03.01 / 14:17
ETF
SEC
CoinMarketCap
Coindesk
Trade
Bitcoin
reports
spot ETF
Soon after touching $45,000, bitcoin loses 10 percent in one day amid fears over spot ETF approvals
high of $45,000 for the first time since April 2022, bitcoin witnessed a sharp fall to trade at $42,685 on Wednesday, registering a 6 percent fall in 24 hours, CoinMarketCap data revealed. Following a high of $45,500 on Wednesday, bitcoin slipped to as low as $40,550, registering 10.9 percent fall before bouncing back to $42,200, revealed CoinDesk data. The unanticipated slide is seen as an outcome of jitters around the expected approval of a spot bitcoin ETF.
03.01 / 14:06
ETF
SEC
security
BlackRock
Bitcoin
Bitcoin Etf
reports
Low
Fidelity Undercuts Bitcoin ETF Market with Low 0.39% Fee
With the Securities and Exchange Commission (SEC) nearing the potential approval of the first Bitcoin (BTC) exchange-traded funds (ETFs), issuers are vying for an early advantage to capture investor interest.
03.01 / 14:02
CEO
Highways
Experts
reports
Department
prevention
Traffic
Fog ahead: Experts say refrain from speeding, use blinkers, be attentive
speeding, avoid abrupt mid-road stops unless absolutely necessary and use indicators. These are some of the expert suggestions to drivers battling dense fog in the winters. The precautions become more important with the India Meteorological Department (IMD) forecasting dense fog days this week over parts of east, northwest and north India, including Delhi-NCR.
03.01 / 13:59
Provident
Digital
Action
Software
information
reports
Schools
Cyber
Over Rs 10,300 crore siphoned off by cyber criminals since 2021: report
Indian Cyber Crime Coordination Centre (I4C) said Wednesday. Over 4.52 lakh cyber crime cases were reported on the National Cybercrime Reporting Portal (NCRP) in 2021, which rose by 113.7% in 2022, with 9.66 lakh cases being reported on the portal, director of I4C Rajesh Kumar told reporters in an interaction. I4C is a body established by the Ministry of Home Affairs to provide a framework and eco-system for law enforcement agencies for dealing with Cybercrime in a coordinated and comprehensive manner.
03.01 / 13:38
UPS
Target
Manufacturing
Tesla
TSLA
reports
Jefferies raises estimates on Tesla following 4Q volume report
Jefferies reiterated a Hold rating on Tesla (NASDAQ:TSLA) and raised their 12-month price target on the stock to $255.00 (From $210.00) following the electric automaker’s 4Q volume report.
03.01 / 13:38
UPS
SUN
Election
President
reports
China’s Balloons Are Back. This Time They Are Over Taiwan.
TAIPEI—Nearly a year after the appearance of a suspected Chinese spy balloon over the U.S. sent relations between Beijing and Washington into free fall, high-altitude balloons from China have again been spotted floating over sensitive territory. This time, it is the main island of self-ruled Taiwan, which is days away from holding a presidential election with ramifications for the future of U.S.-China relations.
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