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Uncle Sam is digging a hole that only taxpayers can fill. That’s why advisors are plugging their high-net-worth clients’ portfolios full of tax-free municipal bonds.  

Federal Reserve officials at their March meeting expressed concern that inflation wasn't moving lower quickly enough, though they still expected to cut interest rates at some point this year.

Treasury Secretary Lawrence Summers said that the hot US consumer price inflation report for March means that the risk case of the next Federal Reserve move to be an increase must be taken seriously. “You have to take seriously the possibility that the next rate move will be upwards rather than downwards,” Summers said on Bloomberg Television’s Wall Street Week with David Westin. He indicated that such a likelihood is somewhere in the 15% to 25% range.

MLAs in Himachal Pradesh, who had voted for the BJP candidate in the recent Rajya Sabha election, on Wednesday moved the High Court seeking acceptance of their resignations from the Assembly. The three Independent MLAs — Hoshiyar Singh, Ashish Sharma and K LThakur — had voted in favour of BJP nominee Harsh Mahajan in Rajya Sabha polls held on February 27 and resigned from the Assembly on March 22. Himachal Pradesh Assembly Speaker Kuldeep Singh Pathania had issued a show cause notice to these legislators seeking an explanation from them till April 10 following a representation from the Congress legislative party claiming that these MLAs resigned under duress and not voluntarily. A decision on the resignation of three Independent MLAs cannot be taken till the case is adjudicated by the court, the Speaker said on Wednesday.

FBI franchise, ensuring its presence on the network for the foreseeable future. The flagship series, FBI, has been granted a rare three-season renewal, guaranteeing its run until at least its ninth season in 2026-27. Additionally, spinoffs FBI: Most Wanted and FBI: International have each received single-season pickups for the upcoming 2024-25 season.

₹53,40,194 crore at the end of March 2024, as against ₹54.54 lakh crore as on February 29 this year, data released by the Association of Mutual Funds in India (AMFI) reveals. The number of new SIPs registered in March 2024 stood at 42,87,117. The SIP AUM was the highest ever at ₹10.71 lakh crore for March 2024 compared to ₹10.52 lakh crore for February 2024.

A measure of underlying US inflation topped forecasts for a third straight month in March, signaling persistent price pressures that will likely delay any Federal Reserve interest-rate cuts until later in the year.

PIA flight carrying Pakistan Prime Minister Shehbaz Sharif, Punjab Chief Minister Maryam Nawaz and a high-level delegation back from their visit to Saudi Arabia was diverted to Lahore airport, causing inconvenience to hundreds of other passengers, according to a media report on Wednesday. Interestingly, the incident came close on the heels of Prime Minister Sharif recently declaring a ban on the red carpet at events in his favour, which earned accolades for signalling a shift towards eradicating the VIP culture and encouraging a culture of humility within the realm of public service. Quoting a PIA spokesperson, the Dawn newspaper reported that the Pakistan International Airlines flight from Jeddah to Islamabad, carrying Sharif and his daughter Maryam back from their visit to Saudi Arabia, was diverted to Lahore airport on Monday.

Congress leaders Suresh Routray and Chintamani Dyan Samantaray, and BJP's Bijoy Mohapatra are contesting elections from parties not linked to their fathers. Senior Congress leader and Jatani MLA Suresh Routray has been issued a show cause notice by the disciplinary committee of the Odisha Pradesh Congress Committee (OPCC) for allegedly campaigning for his son Manmath Routray, who is a ruling BJD candidate from Bhubaneswar Lok Sabha seat. Routray (80), a six-time MLA from Congress, who announced not to contest the elections this time, was found campaigning for his son Manmath in different parks in the state capital.

currency's gains after it touched the strongest level in nearly three weeks. The rupee closed at 83.1850 against the U.S. dollar, up 0.16%, compared with its previous close at 83.3150. The currency rose to an intra-day high of 83.16, its strongest level since March 21.

Samajwadi Party general secretary and party nominee from Budaun Lok Sabha seat, Shivpal Singh Yadav, on Wednesday alleged that some officials of the district are working at the behest of the BJP leaders. He accused these officials of threatening the village heads, block development committee (BDC) members and others to work for the ruling party and said he has complained about it to District Magistrate (DM) Manoj Kumar. If the DM does not take action in this connection, we will complain about this to the Election Commission, he said. To a question on Prime Minister Narendra Modi's statement that the union of two boys is a flop show, Yadav said the two boys he is referring to are leaders, not artists.

PhonePe on Wednesday said it has partnered with Nepal's digital wallet service eSewa and the Hotel Association of Nepal (HAN) Pokhara to promote digital payments through UPI on the Himalayan country's payment processor Fonepay Network. The partnership is a part of the Fewa New Year Festival which will be held from April 11-14 in Nepal. Over 3,000 merchants will participate in the festival with more than 1,00,000 visitors expected to visit.

Indian stock markets have hit new peaks recently, causing a ripple effect across sectors. Investors' increased spending due to the wealth effect has indirectly benefitted various industries, including real estate. In fact, anticipating good days ahead, stocks of real estate companies have risen sharply over the past year.

Supreme Court questioned the Uttarakhand government regarding the numerous innocent individuals who relied on their medicines believing they would cure their ailments. 2. It also observed that it is concerned with all the FMCG companies who show rosy pictures to consumers and then suffer health issues.

credit report, gives a peek into an overview of your entire credit history and financial behaviour. When you analyse your CIBIL report, you can make informed decisions and plan your finances in an effective way. For example, when 28-year-old Ravi Sharma got access to his CIBIL report, he discovered that his credit score was too poor to raise a loan on favourable terms.

Movie theater owners who gathered in Las Vegas this week for the annual CinemaCon convention and trade show are still feeling the high from “Barbenheimer.”

mutual funds and foreign portfolio investors (FPIs) raised stakes in the fintech firm. March quarter shareholding pattern shows that MFs raised their stake in Paytm by 117 bps to 6.15% in Q4, led by investment from Mirae Mutual Fund and Nippon India Mutual Fund. As a result, domestic institutional investors witnessed an increase in stake by 79 bps from 6.06% to 6.86%. FPIs increased their stake in Paytm by 200 bps to 20.64% during the quarter.

Shilpa Rout, Derivatives Analyst, Prabhudas Lilladher, says Coal India is one of the top picks had today. The other one would be SRF which is also showing a lot of momentum. The chemical and fertiliser space is buzzing very strongly. And from here, SRF can touch Rs 2,750 to 2,800. It has already run up from the time I have been giving this recommendation. But yes, on every decline towards 2,640 also, we can buy. Let’s keep a stop loss at Rs 2,600 or just below that, maybe Rs 2,595 and look for targets towards Rs 2,800. What are you expecting in Nifty and Nifty Bank? Nifty has crossed the 22,700 mark/ Any particular level that one should watch out for as a support and a resistance for the Nifty? Shilpa Rout: We see that there is a resistance at around 22,800 and until and unless we breach on the upside from here, we might not see 22,000, 23,200 coming in very easily. However, there is a limited downside. We have a very strong support at 22,500 as well. So, any sort of dip that you get intraday or maybe a couple of days towards 22,500 should be a buying opportunity and to go long for 22,800 to 23,000 to 23,200 as well.

Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL), Indian Oil Corporation Ltd (IOCL) saw their share prices rise up to 5% leading the gains for Nifty Oil & Gas index . Nifty Oil & Gas Index gained around 1.6%. Bharat Petroleum Corporation stood amongst largest gainers in Nifty -50 Stocks with gains of close to 3% .

Congress MP and Lok Sabha poll candidate from Nagaon constituency in Assam, Pradyut Bordoloi, has filed a complaint against Chief Minister Himanta Biswa Sarma, alleging that he violated the model code of conduct by offering money to all ration cardholders during the ongoing election campaign. Bordoloi filed the complaint to the chief election commissioner on Tuesday night, alleging that Sarma, in a public meeting in Lakhimpur during the day, made a promise to transfer Rs 10,000 to the bank accounts of every ration cardholder after the election. Stating that such assurances are a «clear violation» of MCC, the Congress leader said, «Such promises are not only unethical but also an attempt to influence voters through financial inducements, thereby compromising the integrity of the electoral process». He urged the ECI to investigate the matter thoroughly and take appropriate action against the chief minister for his «misconduct».

Colgate-Palmolive (India) Ltd. gained 1.11 per cent to Rs 2649.95 at 01:03PM (IST) in Wednesday's trade. The scrip has hit a high of Rs 2649.95 and low of Rs 2605.0 so far during the session. The stock had closed at Rs 2620.75 in the previous session. The counter has had a total traded volume of 9297 shares so far with a value of Rs 2.43 crore on the NSE. It traded at a price-to-earnings multiple of 56.6 and a price-to-book ratio of 23.88.