Research Financial News

The Russian crypto mining industry could be set for a $4 billion boost, representatives claimed at a media event in Irkutsk, Siberia.

Canada, one of the favourite destinations of Indian students is not as popular amongst immigrants today as it was 20 years ago, says a recent study. A recent study by Statistics Canada revealed that fewer recent immigrants in Canada are pursuing Canadian citizenship compared to 20-plus years ago, says CIC News. The research, spanning from 1996 to 2021, indicated a nearly 30 per cent decline in citizenship rates among recent immigrants, with the majority of this decrease observed over the past decade.

However, the UK has not yet launched a digital visa. The primary intent of their visit must be that of a visitor (be it a vacation, meeting with family members, attending a conference or business meetings, or engaging in other non work-related activities), states Faegre Drinker Biddle & Reath LLP, a law firm.

Torrent Power share price jumped over 7% on Monday's trading session following the receipt of a Letter of Award for the establishment of 300 MW (RE Power) Grid-Connected Wind Solar Hybrid Projects from Torrent Power Limited-Distribution Unit. The company stated in an exchange filing that the order is valued at ₹3,650 crore.

Panama Canal has avoided the worst of a shipping crunch that threatened to upend the global economy — but at a cost to marine life and the Latin American country’s supplies of drinking water. After imposing strict limits on vessel traffic last year as drought left water levels languishing, the Panama Canal Authority is increasing the number of ships that can cross. Thanks to conservation measures, water levels fell just over a foot for the year through March 12, compared with three feet during the same period of 2023. Those measures, though, come with side effects. The canal recycles water from locks that vessels pass through, instead of simply flushing it into the ocean. This reused water gets saltier, and some of it infiltrates Lake Gatún, an artificial lake that forms part of the channel and is also Panama’s largest source of potable supply.

Krystal Integrated Services IPO: The three-day bidding for the initial public offering (IPO) of Krystal Integrated Services Limited is going to end today. In the first two days of bidding, Krystal Integrated Services IPO subscription status suggests that the book build issue has received a lackluster response from the primary market investors.

BSE SmallCap index up 0.70%, and the BSE MidCap index up 0.45%. Sensex Today Live : Mahindra & Mahindra, Tata Steel, Tata Motors, HCL Tech, and Apollo Hospital Enterprises, were the top gainers on the Nifty 50, while Adani Enterprises, Adani Ports & SEX, Eicher Motors, Power Grid Corp., and Grasim Industries, were the top losers.

Rebalancing: Rebalancing necessitates periodically readjusting the proportions of various asset classes within your portfolio to uphold your desired allocation. Market valuations fluctuate. Rebalancing enables you to seize opportunities by acquiring undervalued assets while averting excessive exposure to overvalued ones.

Buy or sell stocks: On account of weak global cues, after the hotter-than-expected US PPI print, the Indian stock market ended lower on Friday. The Nifty 50 index lost 123 points but managed to close above 22,000 levels.

Bitcoin and gold are zooming, which is not new, because the things people trade in go up and down. These two asset classes don’t interest me, and from time to time, I marvel why people invest in these. Is the current bull run in the two more or less the same? The answer is, mostly, yes. However, I’ll point out something that is different. Gold and Bitcoin are both useless asset classes that produce nothing. In origin and nature, these couldn’t be more different. Gold is the simplest form of wealth to understand; if it’s physical gold, it’s worth something. It has been used as a store of wealth and currency for millennia. Bitcoin is quite the opposite. In physical sense, it does not exist; it is entirely a technological construct. Fifteen years after its invention, relatively few people understand what it is and why it’s worth anything. I don’t know how many people genuinely understand what a blockchain, token, or NFT is, or what a crypto transaction actually does. Yet, in global finance, both are functionally the same. They are both functioning as currencies that are being used as havens from the rain of US dollars, which has now become a flood. Despite their fundamental differences, convergence in their function as safe havens reveals a broader narrative about diversifying assets in times of economic uncertainty. The deluge of US dollars can potentially safeguard their wealth against inflation and devaluation. At least, that’s the theory.

By Sam Nussey, Fanny Potkin and Miho Uranaka

Investing.com — Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Procter & Gamble, Dollar General (NYSE:DG), UiPath (NYSE:PATH) and Thor Industries (NYSE:THO); downgrade for Tesla (NASDAQ:TSLA)

Thiruvananthapuram: Ahead of Lok Sabha elections in the country Union Minister and BJP leader Rajeev Chandrasekhar on Sunday said that he is meeting people from all sections of the society, adding to which, he said, «I consider it my duty to meet and hear them.» He further highlighted, «It is also my intention to present to them, how Bharatiya Janta Party (BJP) and Modi govt can change the trajectory of Thiruvananthapuram, from nothing happening in the last 10 years to making Thiruvananthapuram a place where technology, tourism, electronics, manufacturing, research and science that Anandapuri deserves.» He stated that the BJP and I as a candidate will consider people's desire for change, development and progress and will work to deliver that.

Investing.com — Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.

Let's start with your personal story I attended St. Columba's School in Delhi, with deep roots in the capital city. Spouse holds a degree from IIM Ahmedabad and operates as an independent educational consultant. Proud parent of a final-year student at Yale University and a daughter currently attending class 11 at Cathedral School. Native to Delhi, fostering a profound understanding of the city's dynamics and culture. How did you land up in this job? I was recruited by S Naren at ICICI Prudential Mutual Fund in April 2016 to lead the Investment Research division. Progressively assumed responsibility as a Senior Fund Manager, overseeing select key strategies. Presently serving as Deputy CIO Equity, where my comprehensive macroeconomic perspective steers the investment approach of the fund management team.

Avoiding credit score scams call for an extreme sense of caution. These are a number of steps that one can take to stay safe. First and foremost, one should share only personal and financial information with the reputable sources. 

2.09 per cent and 1.99 per cent dragged by broader indices. The move was subdued in the following sessions, tracking mixed cues. Indices rebounded in the final sessions from its intraday lows.

A Guide to Starting Strong in Equity Trading Equity trading isn’t just about buying low and selling high; it’s an art that demands a strategic approach. Caution is advised with penny stocks, known for their allure due to low prices but high volatility. <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboo

Lok Sabha polls 2024, Prime Minister Narendra Modi on Friday penned a letter to the nation, appealing to the people for their backing to construct a ‘Viksit Bharat’ or a developed India, and said that beauty of democracy lies in ‘Janbhagidari’ (public participation). In his address, Prime Minister Narendra Modi referred to the citizens as “dear family members," emphasizing that their partnership is on the brink of reaching a decade.

Researchers from the University of British Columbia said they’ve identified a potentially new population of open-ocean orcas, which hunt the biggest predators on the planet.In a study published Friday, researchers said a group of 49 orcas has been observed hunting sperm whales off the coast of California and Oregon.Lead author Josh McInnes said the orcas were seen hunting a herd of nine adult sperm whales, “eventually making off with one.”It’s the first time killer whales have been reported attacking sperm whales on the West Coast, he said.“Other encounters include an attack on a Pygmy sperm whale, predation on a northern elephant seal and Risso’s dolphin, and what appeared to be a post-meal lull after scavenging a leatherback turtle,” said McInnes, who is a masters student in the UBC Institute for the Oceans and Fisheries.Researchers said the orcas that were observed in nine encounters from 1997 to 2021 could either belong to a subpopulation of transient killer whales or a unique oceanic population.The study said the encounter that was witnessed with the sperm whales occurred in 1997 about 130 kilometres off the California coast. Many of the sperm whales in the pod were left with “extensive injuries,” while one was killed, the study said.“Approximately 12 killer whales were initially involved in the hunt, but this number increased to an estimated 35 killer whales spread out over 3 km.

“Basis our in-house multi-factor model, Sensex’s fundamental value for Dec’24 is 77,400. Market value of Sensex in Dec’24 could be higher or lower than intrinsic value basis various factors,” says Pawan Kumar, Director — Investment Research & Advisory — Client Associates. In an interview with ETMarkets, Kumar said: “We also advise investors to book profit in mid and small-cap stocks and reallocate to large-cap stocks,” Edited excerpts: