Reports Financial News

Federated Hermes chief equity strategist Phil Orlando on the Fed's rate hikes being 'over,' the holiday retail outlook and remaining Q3 earnings.

Madhabi Puri Buch said addressing an event organised by industry body Ficci. The Sebi chairperson mentioned that it is widely believed that Sebi is "very dogmatic about insider trading" but the market regulator has taken steps and initiated consultations to relook the norms around insider trading. She also added that to drive regulations, Sebi is using data and backtesting the data.

Drake, the Canadian hip-hop superstar announced on Wednesday that he will be releasing his brand new and latest EP (Extended Play) “Scary Hours 3” on Friday. As per reports, he made the announcement through a video that was shot in Roy Thomson Hall in Toronto. In the video Drake was seen and heard saying that he didn’t need to “appease” anyone. He further went ahead to say that he was very confident with his work that he could “disappear” for six months, a year and even two years. The video then shows the rap artist walking around the hall alone and then being served a glass of wine by a valet. He then says that he wasn’t a fan of disappearing only for the sake of a “mystery.” He continues saying that he hadn’t experienced something like this since 2015 and that feels like he was on drugs.

Premier League striker Bosko Balaban has been sent to prison after he failed to pay financial support of £70,000 to his ex-wife. The 45-year-old Croatian, known for his time with Aston Villa in the early 2000s, has faced legal consequences for failing to provide financial support to his ex-partner, Iva Radic, who held the title of Miss Croatia in 1995. Despite being named in the conditional sentence of one year with four years of probation in 2021 for overdue maintenance payments, he did not adhere to the agreed-upon timeframe.

The Crown approaches, the spotlight turns to Prince Harry, who is expected to watch the series depicting his mother's final moments. Reports suggest that the Duke of Sussex plans to stream the season and fact-check the storyline as it unfolds. In a recent interview on The Late Show with Stephen Colbert, Prince Harry shared a lighthearted insight into his viewing habits, mentioning that he fact-checks the series with a pen and paper. Despite the fictional nature of the show, Prince Harry has shown a willingness to engage with its portrayal of royal life. While Prince Harry gears up to experience the dramatic representation of his mother's final weeks, his brother, Prince William, is reportedly unlikely to join him in watching the series. According to reports a friend of Prince Harry might preview The Crown to spare him unnecessary trauma, reflecting the personal and emotional toll that such depictions can take.

Kyle Davies, co-founder of collapsed cryptocurrency hedge fund Three Arrows Capital, has reportedly been spotted in Bali while he continues to escape arrest from Singaporean authorities.

Hindalco Industries Ltd were not immune, rising by 4% and also touching a new 52-week high. Prior to this, the stock was up 3% in 2023 so far. But to keep investor sentiment intact, a significant uptick in demand for aluminium is necessary, which in turn would lift the metal’s prices.

By Moira Warburton

FRANKFURT (Reuters) — The European Central Bank's chief supervisor on Thursday supported creating global standards for convertible bonds that were wiped out as part of Credit Suisse's rescue by rival UBS earlier this year.

Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Target, Intel, Tencent Music Entertainment Group , and a Buy initiation at Wayfair.

Investing.com — Oil prices retreated Thursday, weighed by indications of additional supply from the U.S., the world’s biggest producer, as well as worries of easing demand in China.

₹6,300 a tonne, according to an official notification. For the past two weeks the the levy stood at ₹9,800 a tonne. The revised tax rate comes into effect from Thursday.

Reserve Bank has imposed monetary penalties on Manappuram Finance and Anand Rathi Global Finance for deficiencies in regulatory compliance. The banking regulator in a release on Thursday said it has imposed a monetary penalty of ₹42.78 lakh on Manappuram Finance Limited, Thrissur for non-compliance with certain provisions of the “Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016".

Unified Payments Interface (UPI) added another billion to reach 11 billion transactions in a short span of two months—the quickest addition of a billion—to date, the Reserve Bank said on Thursday in its monthly bulletin. The apex bank said that buoyed by the festival season, digital payments witnessed a strong expansion in October 2023, with growth (y-o-y) under major payment modes outpacing the increase in the previous month. “The Initial Public Offering (IPO) facility through UPI exhibited robust adoption, with the number of mandates nearly doubling in October 2023 over the corresponding month in 2022," the RBI monthly bulletin added.

Bank of India (RBI) at its October bi-monthly monetary policy committee (MPC) meeting, kept the benchmark repo rate unchanged at 6.5 per cent for the fourth straight meeting in the current fiscal 2023-24. The rate-setting panel also decided to remain focused on withdrawal of accommodation - with five out of six members voting in favor, to ensure that India's headline inflation progressively aligns to the target, while supporting growth.

Jyothy Labs neared their 52-week high levels of ₹466 after reporting decent July-September quarter results for fiscal 2023-24 (Q2FY24). Domestic brokerage firm Religare Broking has revised its rating on the midcap stock to ‘accumulate’ or ‘continue to hold’ after the ‘high conviction’ target was achieved at 27 per cent by the end of September 2023. At a current market price (CMP) of ₹419, Religare has given a target price of ₹466 for Jyothi Labs and sees a potential upside of 11.2 per cent on the stock.

Gift-giving season is just around the corner, but one quarter of Canadians still haven’t paid off their holiday spending debt from last year, a recent survey has found.

Walmart on Thursday said that the U.S. consumer continued to exert caution with their spending in the face of inflation and rising interest rates, even as the retailer raised its forecast for sales and profit for the year, sending its shares down 6.4 per cent in premarket trading.

Berkshire Hathaway Vice Chairman Charlie Munger pushed back against a report that alleged his partner Warren Buffett at times traded stocks in his personal account before the conglomerate made moves in the same securities.

Railway Minister Ashwini Vaishnaw on Thursday said there has been a nearly three-fold increase in the number of special train trips this festive season as compared to last year. The railways is operating 6,754 additional train trips this festive season between October 1 and December 31 to clear the rush of passengers as compared to 2,614 in the same period last year, he said. Till date 2,423 trips have been completed and the remaining trips will be made in the coming days, the minister said.

Ken Squier, the iconic broadcaster who catapulted NASCAR into the mainstream of American culture during the 1979 Daytona 500, died on Wednesday. He was 88. Dave Moody, a longtime friend and MRN colleague, revealed Squier's death early Thursday morning November 16.