Shock Financial News
12.02 / 04:29
Target
Strategy
economy
pandemic
band
inclusion
shock
The strategy behind the budget is embedded in its fine details
₹17,000 crore against the budgeted ₹19,000 crore, the next year will see it further slashed to ₹12,000 crore. The big inclusion in the interim budget for 2024-25 is ₹205,250 crore for free foodgrains. The pre-poll strategy of displaying fiscal restraint while continuing with handouts was made inevitable by the repeated economic shocks to the rural economy: demonetization, the covid pandemic and an inflationary surge over the past 18 months, all of which have resulted in suppressed rural incomes and demand.
12.02 / 04:29
markets
COST
Progressive
economy
love
country
shock
How the world economy learned to love chaos
global GDP grew by about 3%. The early signs suggest progress is continuing at the same rate this year. Data from Goldman Sachs, a bank, indicate that global economic activity is about as lively as it was in 2019.
12.02 / 03:05
Man
Career
Racing
Olympics
shock
athletics
Marathon world record holder Kelvin Kiptum dies in road accident
marathon world record holder Kelvin Kiptum and his coach were killed in a traffic accident in the Rift Valley on Sunday, cutting short the promising career of the only man to have run the endurance classic in less than two hours and one minute. The 24-year-old set the world record at the Chicago Marathon in October with a time of two hours and 35 seconds to surpass the mark of 2:01:09 run by compatriot Eliud Kipchoge in Berlin in 2022. Kiptum, who clocked three of the seven fastest marathon times in history, had been hoping to become the first man to run the marathon in under two hours in race conditions at Rotterdam in April as well as make his Olympic debut in Paris in July.
12.02 / 01:15
markets
COST
Action
Opinion
wellness
shock
Hold 'Paytms' in your portfolio? The simple answer to minimising risk to your stock and overall portfolio
Paytm story is headed. As you know well, even without the regulatory troubles, I didn’t have a high opinion of Paytm, either as an investment or as a business. Now, with the RBI coming down like a ton of bricks on Paytm Bank, things are much worse.
11.02 / 12:41
markets
UPS
Action
Trade
Experts
shock
Small investors raised stakes sharply in Paytm in Q3. Then came RBI’s curbs
MUMBAI : Small investors have been hit hard by the plunge in shares of One97 Communications (Paytm) since the Reserve Bank of India issued curbs on associate Paytm Payments Bank over repeated non-compliance with regulations. Retail investors sharply hiked their stake in Paytm to 12.85% during the December quarter from 8.28% in the preceding three months. Market experts believe that in the absence of clarity on the fate of the payment bank’s operations, the near-term outlook for the company remains bleak.
11.02 / 11:21
economy
show
social
consequences
shock
Updates
IMF's Kristalina Georgieva says she's confident on global economic outlook despite uncertainties
World Governments Summit in Dubai, Georgieva said the IMF would publish a paper on Monday that shows phasing out explicit energy subsidies could save $336 billion in the Middle East, equivalent to the economies of Iraq and Libya combined. She added that in addition to savings, eliminating regressive energy subsidies "discourages pollution, and helps improve social spending," in a copy of the speech published on the IMF website.
10.02 / 07:45
Election
awards
President
Pride
voice
shock
RLD's Jayant Singh praises Modi govt for Bharat Ratna to Chaudhary Charan Singh
RLD joining BJP-led NDA ahead of the general elections, the regional party leader Jayant Singh on Saturday praised the Modi government for honouring his grandfather and former prime minister Chaudhary Charan Singh with Bharat Ratna. He said that only a government «rooted to ground realties» could have taken such a decision. As soon as Singh started thanking the government for the honour in Rajya Sabha, Congress members objected and Leader of Opposition Mallikarjun Kharge wanted to know the rule under which the RLD leader was allowed to speak. Kharge said it is a matter of pride and he «salutes» former prime ministers P V Narasimha Rao and Charan Singh and agriculture scientist M S Swaminathan, all of whom are being conferred with Bharat Ratna.
09.02 / 23:49
Citi
Death
Actor
love
information
stars
shock
place
NOT
Robert De Niro says grandson's death due to drug overdose was shocking and should not have taken place
Robert De Niro, the American actor and producer was in utter shock and disbelief after the death of his grandson in the past year from an accidental drug overdose situation. The 80-year-old star of 'Killers of the Flower Moon' has informed about the sudden loss of Leandro De Niro Rodriguez, his grandson last year. As per the medical examiner in New York City, the cause of death Rodriguez was the «toxic effects of fentanyl, bromazepam, alprazolam, 7-amino clonazepam, ketamine, and cocaine». He was 19 years old at that time.
09.02 / 21:13
09.02 / 20:29
09.02 / 15:59
markets
COST
Target
economy
show
shock
NOT
Bank of Canada deliberations show ‘rate cuts are not imminent,’ economist says
The Bank of Canada’s top officials cited a “mixed picture” on the direction for underlying inflation and the Canadian economy in deciding to hold its benchmark interest rate late last month, newly released deliberations show.
29.01 / 09:55
COST
Reuters
Sustainability
information
shock
rights
Interviews
ECB's Centeno says rate cuts should start sooner rather than later
By Sergio Goncalves and Andrei Khalip
27.01 / 17:21
shootings
country
shock
rights
Gunmen in Iran kill nine Pakistanis days after tit-for-tat missile strikes
Iran on Saturday, Pakistan's ambassador and a rights group said, amid efforts by the two countries to mend ties after tit-for-tat attacks. «Deeply shocked by horrifying killing of 9 Pakistanis in Saravan. Embassy will extend full support to bereaved families,» the Pakistani ambassador to Tehran, Muhammad Mudassir Tipu, said on the X platform. «We called upon Iran to extend full cooperation in the matter.»
27.01 / 14:33
27.01 / 07:27
Art
Career
Food
Death
reports
Department
shock
Dancer with severe peanut allergy dies after eating mislabelled cookies
Connecticut after she ate a cookie from the American grocery store chain Stew Leonard that had not been properly labelled as containing peanuts.Órla Baxendale, a 25-year-old dancer, died of anaphylactic shock on Jan. 11 after she ate Stew Leonard’s vanilla Florentine cookies which she assumed, based on the label, were safe for her to consume despite her severe peanut allergy.
26.01 / 04:07
markets
UPS
FIVE
Fighting
wellness
show
shock
Investors may be getting the Federal Reserve wrong, again
Federal Reserve’s policy rate, plotted as a thick line against time on the x-axis. Branching out from this trunk are hairs: fainter lines showing the future path for interest rates that the market, in aggregate, expects at each moment in time. The chart leaves you with two thoughts.
25.01 / 21:35
UPS
Death
Universities
show
shock
International
FBI season 6 release date: Will there be shocking death?
FBI is gearing up for an important restructuring in its central dynamics, with the team losing a family member. In the extensive universe which is co-created by Craig Turk and Dick Wolf, FBI has not only coagulated itself as a powerhouse of conventional drama, birthing hit sequels such as FBI: Most Wanted, FBI: International. But amid the evolution of the show, the lead FBI series has been maintaining a stable ensemble cast that featured Zeeko Zaki, Missy Peregrym, John Boyd, Jeremy Sisto, and Alana de la Garza.
25.01 / 08:35
markets
Enterprise
Research
community
War
reports
shock
My bat did the talking: Gautam Adani after 1 year of Hindenburg attack
Hindenburg Research handcrafted a multi-billion dollar shock with a 106-page report published online, business tycoon Gautam Adani on Thursday said his bat did the talking in the aftermath of the shortseller's attack.
24.01 / 23:25
24.01 / 13:55
UPS
security
country
testing
travelers
shock
England's off-spinner Shoaib Bashir gets visa to travel to India for Test series
Shoaib Bashir has now received his visa, and is due to travel to join up with the team in India this weekend. We're glad the situation has now been resolved in a post on X. Earlier, The delay in issuance of an Indian visa to rookie England off-spinner Shoaib Bashir snowballed into a major controversy on the eve of a much-hyped Test series between the two countries with visiting skipper Ben Stokes calling the turn of events "frustrating" and a British government spokesperson demanding "fair" treatment for the youngster.
24.01 / 10:47
markets
COST
economy
President
country
shock
German regulator urges banks to set aside bumper profits for bad news on the horizon
Banks should be setting aside recent bumper profits to provision for clients defaulting on loans as the impact of higher interest rates feeds into the economy, according to the president of the country's regulator.
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