Shock Financial News

RBI research paper. Inflation in India is more influenced by supply side factors and occasionally by demand, said the report published in RBI's latest monthly bulletin.

reclassified India’s de facto exchange rate regime from “floating" to “stabilised arrangement" for the period from December 2022 to October 2023 after a recent review of the country’s policies. The assessment, published in a country report on 19 December, was contested by executive director for India at the IMF, Krishnamurthy V Subramanian, who was previously chief economic adviser to the Union finance minister.

In a market where change is the only constant, Bitcoin (BTC) has witnessed a notable dip, currently trading at $42,471, down by nearly 1.50% on Wednesday.

Welspun One, an integrated fund and development management platform, will be investing over Rs 700 crore to develop an industrial and logistics hub spread across 55 acres within the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) in Navi Mumbai. For this, Welspun One has entered into a strategic collaboration with JNPA to jointly develop this project. The investment includes both land as well as construction cost. This marks the second deployment from Welspun Ones’ latest alternative investment fund that has a total corpus of Rs 2,000 crore.

Mitchell Starc is on cloud nine. The Aussie fast bowler cum batsman recently landed the deal of a lifetime. He became the most expensive player in the IPL (Indian Premier League) auction history.

The International Monetary Fund has reclassified India's «de facto» exchange rate regime to «stabilized arrangement» from «floating» for December 2022 to October 2023, the first such instance of such reclassification following an article IV review of the country's policies.

Madonna faced a serious health scare in June, being hospitalized with a bacterial infection that led to her being induced into a coma for 48 hours. Bacterial infections can affect various body parts, such as the skin, blood, brain, and lungs. While they may cause mild symptoms, severe cases can lead to complications like sepsis, a life-threatening condition. Madonna reportedly needed the drug Narcan to combat deadly septic shock before receiving medical care.

Indian economy is likely to log 6.3% growth in FY24 and FY25 on the back of macroeconomic and financial stability, International Monetary Fund’s Executive Board said Tuesday. “India’s economy showed robust growth over the past year. Headline inflation has, on average, moderated although it remains volatile.

“Indian markets are not necessarily in the bubble zone as of now. Markets are certainly in the higher than long-term average zone, but not in the Bubble zone," Rohit Agarwal, Senior Executive Vice President and equity Fund Manager,Kotak Mahindra Life Insurance Company Limited. In an interview with ETMarkets, Agarwal said: “In the last 3 years or so, market earnings have beaten the market expectations. Going forward, market expectations are mid-teens type of earnings,” Edited excerpts: The month of December started on a robust note with benchmark indices hitting fresh record highs. Where is the market headed in 2024? The macro has improved recently. With the State election results throwing some positive surprises, the equity markets have rallied.

NDTV on 18 December. Apart from this, another video surfaced where corporal punishment at the school, students were seen kneeling with heavy schoolbags on their backs at night.

MPs suspended from Parliament has reached a staggering 92. In Rajya Sabha, it all started with the suspension of TMC MP Derek O'Brien, who was the first to be suspended over the demand for discussions on security breaches in Parliament.

global transitions are working in India's favour, giving it the potential to become a force in today's uncertain world, but one of the country's biggest challenges is inclusive growth, Tata Sons chairman N Chandrasekaran said on Monday. In his address at the JRD Tata Oration, the head of the Tata group also asserted that artificial intelligence (AI) is here to stay and it will be beneficial if India prepares for it.

The market surged this past week following a confusing Fed meeting that created more questions than answers. The Fed tried to go into damage control on Friday by sending out John |Williams, Raphael Bostic, and Austan Goolsbee. None did much on the surface to improve the situation Jay Powell left behind following the Wednesday press conference.

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Nabis Director of Policy Eddie Franco discusses New York marijuana regulators working toward a distributor license extension on 'Kennedy.'

global market macros in the coming year, foreseeing another positive period. This optimism is grounded in expectations of interest rate cuts by the Federal Reserve and a resilient performance from the US economy, avoiding a hard landing.

TLDR 

Congress on Monday said Parliament is getting adjourned repeatedly as Home Minister Amit Shah «refuses» to make a statement on the Lok Sabha security breach issue which is his duty and responsibility. Soon after both Lok Sabha and Rajya Sabha were adjourned till 2 PM, Congress general secretary Jairam Ramesh said Prime Minister Narendra Modi spoke to a leading newspaper on the very serious December 13 security breach in the Lok Sabha and the Home Minister spoke to a TV channel on the issue while Parliament is in session. «INDIA parties are demanding a statement from the Home Minister in both Houses on the shocking incidents.

Making Money host Charles Payne discusses the Dow being on pace for a record close, automakers announcing layoffs and Democratic Rep. Ro Khanna proposing legislation to ban stock trading in Congress.

The shocks continued to roll through the markets on Thursday as the ECB and the BOE pushed back on the market expectations for rate cuts. This creates more questions than answers as to why the Fed decided to show its hand now.

Romal Shetty, CEO, Deloitte India, says “major companies have to move fast because some disruptions can be quite serious. In this round of development a lot more smaller companies make a big splash. Some key niche technologies will be able to make that big impact and some of the ones that we saw 10 years back now will get to $1 billion,$2 billion much faster than probably 10-20 years back and we see some of those real gems coming out of India.” Coming to the IT sector, will the bigger companies become bigger or will there be serious challenges for them? Will AI change the pecking order? Some of the major companies that we actually have are fairly well run professionally well run, so they will continue to remain but the important thing for them is to be how agile and flexible they are and how fast they can move because some disruptions can be quite serious. But I think in this round of development you will see a lot more smaller companies make a big splash. You will see some key niche technologies for example able to make that big impact and you will see some of the ones that you saw 10 years back now but in a much faster way get to $1 billion,$2 billion much faster than probably 10-20 years back and we see some of those real gems coming out of India.