Rights Financial News

Stagflation could rear its head in Canada as geopolitical events coupled with a downbeat business outlook threaten to play havoc with the Bank of Canada‘s best-laid plans for getting inflation under control and cutting interest rates, suggests one economist.

Mumbai: India's forex reserves jumped $1.634 billion to $618.937 billion for the week ended January 12, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the overall reserves had declined sharply by $5.89 billion to $617.3 billion.

business and doing music have a lot in common. Both require, in equal measures, skill and passion. Both use legacy and, at the same time, plan to lose the baggage to create something new — innovate.

Ram Lalla Pran Pratishtha at Ayodhya". "It is reported that state governments led by the BJP have taken similar steps.

ALSO READ: Tata Steel to close Port Talbot blast furnaces in UK; 3,000 jobs at stake: Reports The steelmaker will start a consultation process as part of the restructuring and would try to maximise voluntary redundancies. “The course we are putting forward is difficult, but we believe it is the right one," Tata Steel chief executive TV Narendran said.

President Joe Biden is forgiving nearly $5 billion in additional student debt as the administration seeks to deliver on one of his signature initiatives with high stakes for his 2024 re-election campaign.

Republic Day sale, find the right monitor for your gaming needs. Our buying guide will help you find the right gaming monitor featuring the latest technologies, resolutions, refresh rates, and response times. Both competitive gamers and casual ones will find something that matches their needs in this list.

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Bollywood film Animal, as per PTI. Cine 1 Studios’ plea seeks to halt the release of Animal on digital and satellite platforms. Justice Sanjeev Narula mandated that the defendants submit affidavits to acknowledge or refute the documents presented by Cine 1 Studios.

By Mike Dolan

Abhay Bhutada, MD, Poonawalla Fincorp, says “in the last eight quarters, there is a consistent performance in terms of disbursement as well as AUM growth. The most important thing here is that the base is very low. It is easy to achieve this number. And we have given a guidance of 35-40%. Considering the current base, I think in the future, we will stick to our guidance of 35-40%. The focus will be on to achieve the asset quality, maintaining superior profitability and at the same time maintain this 35 to 40% AUM growth. The one thing that struck the most was your highest ever quarterly disbursement figure, highest ever profit, lowest NPA and GNPAs. Before getting into details, what were the drivers for this kind of growth especially at a time when some are saying that the environment is showing some slowdown in the lending space? Abhay Bhutada: See, this is the outcome of efforts of the last 2.5 years. Post-acquisition, we have clearly articulated our strategy. Our chosen segment is pre-owned car, loan against property, personal loan, business loan, supply chain finance, machinery loan, medical equipment loan, consumer finance. The segment which we are targeting is a very different kind of segment. It is a combination of FinTech, bank, and NBFC.

Indian Railway Finance Corporation (IRFC) is now more valuable than 19 Nifty stocks including Bajaj Auto, Mahindra & Mahindra, LTIMindtree and Tata Steel. On Friday, the market capitalisation of the company touched Rs 2.1 lakh crore mark as the stock jumped 10% to hit its fresh 52-week high of Rs 160.80 on the NSE on Friday. The stock has seen an exponential rise in its price from its 52-week low of Rs 25.40 on March 28, 2023. With today's fresh high, the gains translate into a staggering 533% in less than a year.

Sandip Sabharwal, asksandipsabharwal.com, says “the consumption slowdown is a reality and when it will bottom is tough to say. But normally, it tends to bottom once inflation gets stabilized and then there is a pickup. Hopefully from this quarter, we see some signs of a pickup that could continue into 2024.” The markets went up, ignored all the worries and now the reality is just dawning on us. It is the other way around. Sandip Sabharwal: I think the reality of what is dawning is that the results which were expected might not be as good as what people were expecting. And that is what we have seen with the largecap technology results, which excited a lot of people, but I think the worry is out there and next year will not be as good as what people expect. Then we had insurance companies, which also disappointed and HDFC Bank. Now IndusInd Bank's results are slightly different from HDFC Bank in that they were able to maintain their NIMs but then there is some stress on the balance sheet, so they use their contingency reserves to show better results. The markets overall, are fully priced in a sense. We need some sort of value correction, some sort of time correction, for the markets to become healthy overall for a patient investor.

₹3,500 crore to be used for the acquisition of stakes in Capital Foods Private Limited and Organic India Private Limited. The funds will be raised through the issuance and allotment of Commercial Papers, it added.

Karnataka's capital city, Bengaluru, on Friday, 19 January. The new state-of-the-art Boeing India Engineering and Technology Centre (BIETC) campus has been built at the Aerospace Park in Devanahalli, near the Bengaluru Airport. Built with an investment of ₹1,600 crore, the 43-acre campus is Boeing’s largest such investment outside the US.

ICICI Securities spilled over at the company’s post-earnings meet on Tuesday, as analysts and shareholders challenged its rationale and questioned the swap ratio. The investors are upset over the proposal to turn ICICI Securities into a wholly owned subsidiary of parent ICICI Bank, and made plain their disgruntlement for the first time in a public forum. They believe the company is better off listed and are unhappy with the share swap ratio proposed.

Congress has sent President Joe Biden a short-term spending bill that would avert a looming partial government shutdown and fund federal agencies into March

Ice cream maker Ben & Jerry’s has reached its first contract agreement with workers at a retail shop in the Vermont city where the company was founded after the employees petitioned to unionize last year

Congress on Thursday questioned the Modi government's claim that 250 million people in the country were alleviated from poverty in the last nine years. If the claim was right, why did not the consumption rate increase and why did the Centre still provide free food to crores of people, the main Opposition party asked. Disputing the projection and pointing out that private consumption growth had slowed down to 4.4% this fiscal, compared to 7.1% last fiscal, Congress spokesperson Supriya Shrinate alleged that the government claim on decreasing poverty could be a «conspiracy to deny poor the safety net» provided by the government. Questioning Niti Ayog's finding that 248.2 million people were brought out of poverty, she said: «Why are these people not consuming daily essential items like soap, shampoo, oil and biscuits? Why are companies like HUL, ITC and Britannia reporting muted sales.

Another tumultuous year has confirmed that the global economy is at a turning point. We face four big challenges: a climate transition, good-jobs problem, an economic-development crisis and the search for a newer, healthier form of globalization. To address each, we must leave behind established modes of thinking and seek creative workable solutions, while recognizing that these efforts will be necessarily uncoordinated and experimental.