Shock Financial News

Bank of India (RBI) refrained from surprising the market as on expected lines it kept policy rates and stance unchanged on Friday, December 8. The Monetary Policy Committee (MPC) of the RBI unanimously decided to keep the repo rate unchanged at 6.5 per cent after its December meeting. The MPC maintained the policy stance of 'withdrawal of accommodation' by the majority of 5 out of 6 members.

The Reserve Bank of India left the inflation aim unchanged at 5.4%. In the August policy, the RBI had raised its FY24 inflation forecast to 5.4% from 5.1%. The Reserve Bank of India's (RBI) Monetary Policy Committee unanimously decided to keep the repo rate- key lending rate- unchanged at 6.5% for the fifth time in a row.

Liechtenstein, died “unexpectedly” at the age of 51 on Tuesday.The Princely House of Liechtenstein announced the sudden passing in a statement Wednesday. The cause of death was not revealed.Prince Constantin was seventh in line for the throne.The prince’s eldest brother, Hereditary Prince Alois, is first in line to succeed their father Hans-Adam II, the reigning Prince of Liechtenstein.

RBI Monetary Policy (MPC) Meet Live Updates: Reserve Bank of India (RBI) Governor Shaktikanta Das will unveil the fifth monetary policy of the financial year 2023-24 today at 10:00 am after a two-day review, amid strong macroeconomic fundamentals and resilient domestic markets. The review by the six-member Monetary Policy Committee (MPC) led by Das will likely indicate the course RBI will adopt in the remainder of the financial year as it seeks to bring inflation under the 4 per cent target amid high food prices.

Tinder date and his car ablaze, according to a report. According to Police, the incident occurred on November 25. One Destiny Lenai Johnson had met a man after they became acquaintance on Tinder dating app, as per an arrest report obtained by USA TODAY on Wednesday.

The Conjuring House made headlines once more in an unexpected turn of events, but this time there was no supernatural explanation for it. Social media users were horrified when the barn at 1677 Round Top Road, which is well-known for its «paranormal» events, caught fire on Monday morning.

OpenAI board must have been watching this episode when it suddenly and inexplicably decided to dismiss the company’s charismatic founder-CEO Sam Altman in a half-hour of frenzied activity. The reverberations felt around the planet were like an alien landing’s, as the tech world and journalists tried to make sense out of this unexpected ouster.

Qatar gained consular access to meet the eight Indian nationals sentenced to death in October. The meeting, held on December 3rd, is a part of ongoing efforts to provide legal and consular assistance to the individuals detained in Qatar. The spokesperson for India's external affairs ministry, Arindam Bagchi, highlighted the continuous monitoring of the situation and reiterated the commitment to extend necessary aid.

Canadians hoping for better food prices going into 2024 may not get their wish immediately, but as inflation cools, a new report suggests people could soon see some savings at the grocery store.

BJP) MP from Haryana addressed the house during 'Zero Hour'. He called for legislative action against live-in relationships, labelling them a "dangerous disease". Singh emphasised the cultural significance of arranged marriages in India.

Ratan Tata, has called out a deep fake video of him giving investment advice on Instagram. The fake video, shared by an Instagram user named Sona Agarwal, deceptively showed the industrialist giving investment advice and the caption of the post offered users a 'chance' to exaggerate their investment 'risk-free'. The fraudulent Instagram post featured a deep fake interview of Ratan Tata, in which he referred to Agarwal as his manager.

Social justice should be an inherent part of competition laws in the developing world, said Pradeep S. Mehta, Secretary General of CUTS International. Mehta was speaking at the CUTS-WTO-UNCTAD event in Geneva to commemorate the World Competition Day by focusing on socially sensitive sectors in the context of the crises currently facing the world.

JPMorgan chief executive Jamie Dimon and other major banks warned lawmakers Wednesday that capital hikes and other new regulations being contemplated by U.S. bank regulators will hurt lending, capital markets and the broader economy. The industry has been waging a fierce campaign to kill the «Basel endgame» proposal, which overhauls how banks must calculate their loss-absorbing capital, and as regulators roll out fair lending and fee cap regulations, among other rules. The CEOs hope to use the hearing as an opportunity to try to convince key moderate Democratic senators that the rule, which is being led by the Federal Reserve, could stifle lending, hurting small businesses and consumers. «If enacted as drafted, this proposal will fundamentally alter the U.S.

A technology-focused China equity fund outperforming 98% of peers this year advises caution over the frenzy in artificial intelligence themes, saying it might be the biggest underpriced risk in the market.

By Mike Dolan

ICICI Securities. The upbeat domestic GDP growth with the rising capex cycle, the cyclical factors are expected to accelerate next year, which would drive the markets higher. “We expect favourable cyclical factors to accelerate in CY24 driven by capex-cycle firing on all cylinders (reflected in Q2FY24 GDP print), thereby triggering the corporate re-leveraging cycle," ICICI Securities said in a report.

Ripple’s Chief Technology Officer (CTO), David Schwartz, recently criticized the US Securities and Exchange Commission (SEC) via his official X (formerly Twitter) handle, alleging questionable illegal activities in the Debt Box case.

For markets that tend to look for policy certainty, Sunday’s election results in favour of the Bharatiya Janata Party (BJP) came as a boost. Reacting to the ruling party’s 3:1 sweep of four states, the Sensex jumped 2.05% to 68,865 on Monday, extending Friday’s gain of nearly 1% on the back of exit polls pointing to the BJP faring well and better-than-expected GDP growth.

Jujutsu Kaisen Season 2 Episode 20 approaches, the intricate web of right and wrong continues to entangle the characters. Following the revelation of Nobara's harrowing past, the aftermath of Shibuya's chaos prompts deep reflections among the students. Set for release on December 7, 2023, the upcoming episode, titled 'Right and Wrong Part 3,' promises intense developments in the saga.

CHENNAI : While the result of the state assembly elections in Madhya Pradesh, Rajasthan and Chhattisgarh has surprised many, it will calm the markets. Fears of fiscal profligacy or a rickety coalition government at the Centre in 2024 have eased. Mint explains: Not many expected the Bharatiya Janata Party (BJP) to do well in Madhya Pradesh and Chhattisgarh and pre-poll surveys showed a close fight in Rajasthan.

Marjorie Bloom wired hundreds of thousands of dollars into cryptocurrency on the advice of someone she believed to be a trusted confidant, little did she know that she was being trapped in a tech scam. The man claimed to be a 'fraud investigator' at PNC Bank and he persuaded Bloom that criminals, using stolen personal data, were in the process of pilfering her life savings. He convinced her to protect her money and to move it quickly and covertly. Later, she was shocked to know that the 'investigator' was a wolf in sheep’s clothing. Bloom was ensnared in a 'tech support' scam. Bloom lost $661,000.