Services Financial News

Today, each one of us needs outside help from a ‘consultant’ for most areas of our lives. We visit doctors who consult us; we go to Vastu experts when building or renovating our homes; we go to a CA for filing our returns; and we have those who help us invest. We do this because these ‘outsiders’ offer us objectivity, expertise, and knowledge of the world around us, including how to maximize the value creation process.

The Financial Services Commission (FSC) of Mauritius started collecting feedback from industry stakeholders and the general public regarding the inclusion of metaverse within the financial services industry.

(Reuters) — Russia's services sector expanded at its slowest pace in October since February, but extended its growth series to nine months thanks to strong export business, while charges and input prices rose, a business survey showed on Friday.

The S&P Global India Services Purchasing Managers' Index fell to 58.4 last month from September's 61.0. A Reuters poll forecast the data point at 60.5.

The Dubai Financial Services Authority (DFSA) has expanded its recognition of digital assets, adding Ripple (XRP) and Toncoin (TON) to its list of officially recognized tokens.

Following the recent Fed decision, the spotlight now shifts to Apple (NASDAQ:AAPL) as the tech giant gears up to release its earnings report after the market closes today. This highly anticipated report is poised to be one of the most significant ones in this earnings season.

Investing.com — Apple reported Thursday fiscal fourth-quarter results that topped Wall Street estimates as better-than-expected services revenue boosted results.

In an unfolding development, the US cryptocurrency exchange Coinbase announced the suspension of its staking services in Maryland today via an e-mail to its customers. The decision follows a preliminary cease and desist order issued by the Maryland Securities Commissioner on June 6, 2023. The order targets specific aspects of Coinbase’s staking services and marks the beginning of a legal case against the company.

Switzerland’s fifth largest cantonal bank, St.Galler Kantonalbank (SGKB), has partnered with SEBA Bank to offer custody and trading services for Bitcoin and Ethereum.

Health insurance policies often encompass a broad spectrum of healthcare services aimed at enhancing the overall well-being of policyholders. For individuals managing diabetes, access to comprehensive care is essential, and this includes coverage for diabetes education and counselling services. These services play a pivotal role in empowering individuals to effectively manage their condition, make informed health decisions, and improve their quality of life.

Maratha reservation protest: Internet services have been suspended in Chhatrapati Sambhajinagar district – both rural and urban areas – of Maharastra on Thursday, November 2 in connection with the Maratha reservation protest. The law and order situation, caused by the Maratha reservation protests, has worsened over the last few hours, prompting the authorities to suspend the Internet services in the Chhatrapati Sambhajinagar district on Thursday.

Payments giant PayPal has become the latest to secure a cryptoasset registration from the UK’s Financial Conduct Authority (FCA).

Coinbase Advanced allows retail traders in the United States access to regulated crypto futures contracts four months after Coinbase Financial Markets (CFM) secured approval to operate a Futures Commission Merchant (FCM) entity.

Web3 platform WalletConnect, which links cryptocurrency wallets, has restricted its services in Russia, in light of the latest US Guidelines.

Layer-1 protocol Near has tapped blockchain security firm Nym to provide end-to-end encryption and metadata privacy services for its ecosystem.

Geojit Financial Services jumped 14.5% to Rs 68.9 in Wednesday's trade on BSE as the company reported a 58% YoY rise in second-quarter profit at Rs 38 crore as against Rs 24 crore a year earlier. In the quarter, the consolidated revenue stood at Rs 145 crore, up 29% as against Rs 112 crore in the corresponding period of the preceding fiscal. Earnings before investment, tax, depreciation, and amortisation (EBITDA) for the quarter jumped 44% YoY to Rs 59 crore in Q2 FY24 as compared to Rs 41 crore in Q2 FY23. For the first half, revenue increased 22% to Rs 261 crore from Rs 214 crore and it earned a profit after tax of Rs 60 crore during the period, up 30% from Rs 46 crore a year ago. At 1.14 p.m., the scrip was trading 13% higher at Rs 68 on BSE. On a year-to-date basis, the stock has also risen over 40%, while it has declined over 15% in the past 2 years. Technically, the stock's day RSI (14) is at 63.7.

The Financial Conduct Authority (FCA) in the UK has raised concerns about Bitfinex, a cryptocurrency exchange, that it may be promoting financial services or products without the FCA’s permission.

₹2,000-8,000 per plate. Restaurateurs, caterers and party planners are seeing roaring demand to serve home parties, as festival spirits prompt spending and celebrating indoors in the run-up to Diwali. Many people are focusing on decor for their Diwali parties, said Mukta Kapoor, director of Delhi-based Yuna Weddings & Events.

Maharashtra's Jalna district in view of violent incidents in the Marathwada region during the ongoing agitation seeking reservation for Marathas in government jobs and education, police said on Tuesday. The district in central Maharashtra, around 400km from Mumbai, is also the site of an indefinite fast launched by Maratha quota activist Manoj Jarange last week in support of the reservation demand. Internet services in Jalna district were suspended by an order of the local administration as a precautionary measure to stop spread of rumours related to violence and arson during the agitation, an official said.

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By M. Sriram