Show Financial News

As the new academic year gets underway, a new report reveals a gender gap among the most lucrative degrees.

Canada needs to create 3.5 million more affordable housing units, but the government could create a new crisis altogether if it isn’t strategic in how it chooses to address the issue, experts say.

Canadians’ view of the state of the economy continues to deteriorate, a new poll suggests, just as the Bank of Canada prepares to announce its latest interest rate decision.

It looks like British Columbia Premier David Eby might get his wish.

Old Bridge Capital Management (OBCM) has received the Securities and Exchange Board of India’s (Sebi’s) approval to start its mutual fund operations under Old Bridge Mutual Fund. Kenneth Andrade, Founder of OBCM, said, “We are delighted to receive this licence to commence operations for Old Bridge Mutual Fund and will be launching our maiden actively managed equity scheme. As we move forward with our newly acquired licence, we remain committed to providing investors with long-term investment solutions on its mutual funds platform as well.” Old Bridge Capital Management was incorporated in December 2015 and the company is registered with Sebi as a portfolio manager. OBCM’s media release on Wednesday claimed that the company was also an investment manager and sponsor to a Sebi-registered Category III Alternative Investment Fund named Old Bridge Capital AIF. The company website claims that Andrade has managed a portfolio of over a billion dollars with a track record of beating the benchmark every year since 2006. OBCM manages equity portfolios through two structures — Portfolio Management Services and Category III Alternative Investment Funds — the release said. Earlier, Reliance Industries Ltd’s financial services arm Jio Financial Services (JFS) and BlackRock have signed an agreement to form a 50:50 joint venture to offer investment solutions.

In the post, Pichai also recounted the first email that he received from his father years back. «I’ve been thinking a lot about how far technology has come over the last 25 years and how people adapt to it. Years ago, when I was studying in the U.S., my dad — who was back in India — got his first email address. I was really excited to have a faster (and cheaper) way to communicate with him, so I sent a message.» «And then I waited…and waited.

India's bankrupt Go First airline to replace «robbed» parts from its leased jets and allow it to appoint round the clock security to guard grounded aircraft, the latest escalation in efforts to reclaim its Airbus planes. The plea, detailed in a Sept 1 non-public court filing at the Delhi High Court which Reuters has reviewed, comes weeks after ACG Aircraft Leasing found critical parts, including fan blades and escape slides, missing from at least two of the four planes it has leased to Go First. Go First has been locked in legal disputes with many of its foreign lessors since being granted bankruptcy protection in India in May. Bankruptcy froze its assets and has prohibited the recovery of more than 50 grounded Airbus planes. But plane parts went missing, ACG said, and lessors have so far unsuccessfully argued in Indian courts to get their planes back despite raising fears about cannibalisation of aircraft. Currently, lessors can only occasionally inspect Go planes.

Rupee opened at 82.02 a dollar. The US dollar held close to a six-month peak on safe haven buying as jitters over China and global growth weighed on risk appetite. Against a basket of currencies, the dollar was at 104.77, not far off the six-month high of 104.90 touched on Tuesday, Reuters reported.

Jawan, the Indian film industry is buzzing with forecasts regarding its expected Box Office performance. The global advance booking for the film is closing in on a staggering ₹45 crore, as per Sacnilk. Jawan has become only the second Bollywood film to surpass the one-million mark in advance ticket sales.

₹34 against the previous close of ₹33.09 on BSE and jumped 19 per cent to an intraday high of ₹39.40 on BSE. Around 2 crore shares of SpiceJet changed hands on the BSE, the exchange data showed. In the previous session, the stock closed 6.33 per cent higher after the NCLT news.

global growth and higher crude prices spurring inflationary pressures dented sentiment. The pan-European STOXX 600 index slipped 0.6% to hit its lowest level in more than a week. The global mood soured as Brent crude prices jumped to over $90 a barrel on Tuesday after Saudi Arabia and Russia extended their voluntary supply cuts to year end, fuelling worries about persistent price pressures. While oil prices pulled back slightly, government bond yields continued to rise, with the German 10-year yield surging to a two-week high at 2.65%. «Energy prices are big inflationary drivers, and just at the time when the price spiral appears to be moving more obediently downwards, high crude prices could cause upset,» noted Susannah Streeter, head of money and markets at Hargreaves Lansdown. The weak sentiment from August spilled into this month on worries about how long the major central banks will keep interest rates elevated amid fresh signs of weakness in Chinese and European economies. Investors betting against a European Central Bank interest rate increase next week could be underestimating the likelihood of it happening, the ECB's governing council member Klaas Knot told Bloomberg.Money market futures imply traders are pricing in only a 33% chance that the ECB will hike rates by 25 basis points at the central bank's Sept.

ASEAN Summit in Jakarta will be extremely critical for all stakeholders particularly ASEAN members to drive home point on ASEAN solidarity amid major geo-political upheavals including in SE Asia and Indo-Pacific region. It is imperative for the ASEAN leaders under Indonesia’s presidency to reiterate ASEAN solidarity on key challenges including in the South China Sea region. The ASEAN should be united on matters of Code of Conduct negotiations with China.

Reliance Jio has shared with Telecom Regulatory Authority of India (Trai) a recent decision taken by New Zealand government allowing use of 24-30 GHz spectrum, part of Ka band, for satellite and mobile services to highlight its point. Jio has stressed that the suggestion for flexible use of spectrum is based upon the latest changes in technology and standards which have allowed the creation of integrated and converged networks. As per Trai’s consultation paper on assignment of spectrum for space-based communication services, Ku band ranges from 10 GHz to 15 GHz while Ka band ranges from 17 GHz to 31 GHz. As per Jio, the New Zealand government has agreed to allocate 24.25-27.5 GHz primarily for mobile use, with an option to include some satellite services in some areas. Bands in the 27.5-28.35 GHz range are to be shared for mobile and satellite services while 28.35-29.5 GHz to be allocated for satellite services with the option to include some mobile use. “The above decisions clearly show that the New Zealand government has recognised the need for flexible use of spectrum in the wake of imminent technological convergence in telecommunication networks under integrated and converged satellite and terrestrial networks,” Jio said in a letter dated September 5 to Trai chairman PD Vaghela. As per Trai, Ku band can be used for both fixed satellite services and mobile satellite services.

BNB, XRP, Dogecoin. and Litecoin were trading with cuts. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.04 trillion, rising 0.31% in the last 24 hours. Both Bitcoin and Ethereum have exhibited stability, remaining within a narrow 2% price range in recent days. Notably, open interest in both of these tokens is on the rise, indicating new short positions are being opened, said CoinDCX Research Team. Solana recently partnered with Visa, a global payment giant. This collaboration aims to make crypto more accessible for everyday transactions, potentially leading to wider adoption. Following this news, Solana was up 5% in early trade, CoinDCX said.

ACC Ltd. traded 2.06 per cent down in Wednesday's trade at 01:59PM (IST).

MphasiS Ltd. dropped 2.2 per cent to Rs 2463.6 at 01:44PM (IST) in Wednesday's trade.

Rohit Srivastava, Founder & Market Strategist, Indiacharts.com, says “if you look at both daily and weekly charts, the smallcap index has like an 86 reading on the daily chart, it can appear high. But in extended moves, these readings can remain there for a prolonged period of time. So I will give it a while. I think there is a need for some kind of a pullback which may not happen immediately. So I will push it forward till the largecaps really catch up.”We are headed to 20,000 but it looks like we have hit a break as far as the last 1-2 hours are concerned. Do you still believe that the rally to 20,000 is intact and likely to happen in September itself?Yes, that remains my view. In the short-term intraday, we are just going to be watching 19,530. What is important about 19,530 is not just the 20-hour average but also if we take the last two highs from where the market sold off and drew a trend line, that support also comes in at around 19,530. That is sort of a breakout point that will get retested between 19,530 and 19,520.

Joe Biden at the G20 Summit include delivering for developing nations, making progress on key issues like climate, technology and reshaping the multilateral development banks, the White House has said, expressing hope that the bloc will be able to make headway on those topics under Prime Minister Narendra Modi's leadership. On Thursday, President Biden will travel to New Delhi to attend the G20 Leaders' Summit. On Friday, President Biden will participate in a bilateral meeting with Prime Minister Modi and on Saturday and Sunday, the President will participate in the official sessions of the G20 Summit. As Biden heads to the G20, he is committed to working with emerging market partners to deliver big things together, National Security Advisor Jake Sullivan said during a press briefing on Tuesday. «That's what we believe the world will see in New Delhi this weekend,» he said. America's commitment to the G20 has not wavered, and it hopes the G20 Summit in New Delhi will show that the world's major economies can work together even in challenging times, Sullivan said. «So, as we head into New Delhi, our focus is going to be on delivering for developing countries; making progress on key priorities for the American people, from climate to technology; and showing our commitment to the G20 as a forum that can actually, as I said before, deliver,» he said.

Elon Musk tapped SpaceX, the rocket maker he oversees as chief executive, for a $1 billion loan around the time he was acquiring the social-media company formerly known as Twitter. The unusual loan is the latest example of how the world’s richest man has drummed up cash from his empire of companies without having to permanently part with shares, enabling him to raise funds for his wide array of endeavors. SpaceX approved the loan, which was backed by some of his SpaceX stock, in October, and Musk drew all of it down the same month, according to documents reviewed by The Wall Street Journal.

Zee Entertainment Enterprises Ltd, is known for stories from across the border, including shows like Humsafar, Zindagi Gulzar Hai, Aunn Zara besides originals such as Churails, Qatil Haseenaon Ke Naam, Dhoop ki Deewar and others. While it was launched in 2020 on Zee’s video streaming platform ZEE5, it has recently returned to television as a DTH value-added service provider.

Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam (RVNL), and Ircon International fell up to 7% in Wednesday's trade amid profit booking. Technical analysts also stated that these railway stocks are in overbought territory. Shares of IRFC declined 7% to Rs 67 on the NSE. Technically, IRFC's day RSI (14) is at 91.2.