Research Financial News

With a lot of heavy lifting left to do to address underrepresentation in financial services, a new report offers a valuable glimpse into how players in the asset management industry is tackling the problem.

The Department for Promotion of Industry and Internal Trade (DPIIT) plans to engage the National Council of Applied Economic Research (NCAER) to conduct a primary survey to assess cargo movement patterns and the cost of logistics for each component involved, they said. Last year, the think tank had estimated India's logistics costs in 2021-22 at 7.8-8.9% of the GDP, based on secondary data. «We will do another exercise along with the NCAER because the previous one was based on secondary data. This time, it will combine feedback and original surveys,» said an official, who did not wish to be identified.

Gold and silver rate today on 03-05-2024: Check latest rates in your city “Gold prices remained range-bound, hovering around the $2300 mark ahead of the release of the important Nonfarm Payroll and Unemployment data later in the evening. Market projections suggest lower payrolls, which could keep gold buyers interested, as weaker-than-expected Nonfarm Payroll data typically supports gold prices. Conversely, higher-than-expected data could add selling pressure," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Mint reported that increasing enterprise clients could boost Apple to register over $10 billion in annual revenue in India for FY24—which could also be the first full fiscal where Apple tops the smartphone market’s revenue chart. This revenue growth, if realized, has likely been fuelled by a sustained growth in shipments for Apple, while maintaining the highest average selling price (ASP) per device of $1,000 ( ₹80,000) in the India market.

European stocks tracked a tech-driven rally in Asia as investors awaited a critical US jobs report due later on Friday. The yen surged to a three-week high.

Sattrix Information Security has filed its draft red herring prospectus (DRHP) with the BSE SME for an IPO. The issue is completely a fresh equity sale of 18 lakh shares and through it, the company plans to raise around Rs 20 crore. In the public offer, about 50% is reserved for allocation to retail investors and the the other 50% will be allocated to non-retail investors.

₹59.74 apiece on the BSE on Friday. The infrastructure and construction services company Patel Engineering is a multibagger stock that has given more than 177% returns in the past one year and over 367% returns in three years. On the technical front, Patel Engineering shares have recently undergone a notable decline and is currently trading near the ₹58 mark, closely tracking its 200-day Exponential Moving Average (DEMA).

As one of the most diverse nations in the world, India boasts a rich tapestry of cultures, traditions, and languages across its vast expanse. The dynamic nature of Indian society necessitates a comprehensive understanding of regional nuances to effectively engage with consumers.Through ‘State of States’, a first-of-its-kind research study, MullenLowe Lintas Group intends to deconstruct the 30 different cultures in India to have a far deeper understanding of the respective culture codes, tensions, and shifts that are happening, to craft brands of the future.

Stock market today: Continuing its upward trajectory from Thursday, the Indian stock market experienced a significant rally in early morning trading as the Nifty 50 reached a new milestone of 22,794, surpassing its previous high of 22,783 set earlier this week on Tuesday. This achievement underscores the market's resilience and upward trend.

Maratha quota protest, reservation for the Dhangar community, and slow progress of the Beed-Ahmednagar railway line, which have cropped up in the past one year, are seen swaying the electorate. Voting in Beed is scheduled on May 13. Last year, an intense agitation for Maratha quota in jobs and education took place in Maharashtra's central district.

Bharat Heavy Electricals (BHEL) jumped nearly 9 per cent to hit their fresh 52-week high in the morning session on Friday, May 3. BHEL share price opened at ₹296.90 against its previous close of ₹292.65 and jumped 8.7 per cent to hit its fresh 52-week high of ₹318.15 in morning trade on BSE on Friday, May 3. Around 10:15 am, BHEL share price traded 6.80 per cent higher at ₹312.55 apiece.

₹7,400.00 apiece on the BSE. Meanwhile, Bajaj Finserv shares also surged more than 6%.

Americans’ need for life insurance continues to grow, with a record-high number of US adults recognizing they don’t have enough coverage, according to new research from Limra.

Gladstone Group, a notable entity in the financial services sector focusing on mergers and acquisitions, strategic growth consulting, and executive search, has come out with new forward-looking research on trends in the M&A space.

Comcast has blacked out 15 regional sports networks offered by Bally Sports, escalating a contract dispute with their distributor

The rate of businesses in the U.S. using AI is still relatively small but growing rapidly

The Bank of Canada’s policy interest rate may fall 100 basis points below that of the Federal Reserve’s “without policymakers batting an eye,” according to economists at one of the country’s largest lenders.

Cetera, the broker-dealer and registered investment advisor giant, has unveiled an investment resource to help its affiliated advisors get an edge in a booming corner of the ETF space.

A new study from Fidelity Investments offers an insightful look into the financial behaviors and future expectations of Asian American and Pacific Islander communities in the US.

₹70,615 per gram on the multi commodity exchange (MCX). Also Read: US Fed to hold rates at 23-year high-mark until inflation cools, slows pace of balance sheet runoff: 5 key highlights -Analysts say that given the sticky inflationary environment and the relative strength of the US dollar, there has been some pressure on the gold market over the course of the last couple of weeks. They believe the pullback has not yet run its course.

Omar Wasow teaches political science at the University of California, Berkeley. Speaking to Srijana Mitra Das, he discusses the past — and future — of movements encompassing America’s current protests: Q. What is the core of your research? A. I’ve studied American protests of the 1960s, particularly civil rights protests which used some of the techniques of noncooperation that were central to the Indian independence movement. I’ve found non-violent protests were effective in increasing support to civil rights for African-Americans — this was particularly so when non-violent protests were met with state violence. That tended to generate sympathetic media attention. When protesters used violent tactics, that generated negative media, growing the coalition of voters opposed to civil rights. Q. We are in an era of polycrises now — what are the most important political movements you’re observing? A. Right now, in the US, we’re seeing protests in opposition to the Israel-Hamas war, also described as pro-Palestinian movements. Alongside, we’ve had globally sustained waves against climate change and pro-democracy movements.