Show Financial News

₹16,372.5 crore in the December quarter as net interest income showed a healthy increase. This figure handsomely beat estimates by 19 analysts polled by Bloomberg, who expected it to post a net profit of ₹15,762 crore in the quarter. The bank’s net interest income–the difference between interest earned and interest expended–grew 23.9% y-o-y to ₹28,471.3 crore.

Donald Trump cultivating a deep network of support over three presidential runs. About 7 in 10 Iowans who caucused for Trump on Monday night said they have known all along that they would support a man who has remade the Republican Party through his “Make America Great Again” political movement. Trump was carried to victory by the majority of caucusgoers who say they back it, a sign of his growing influence in a state that denied him a victory eight years ago.

Vivek Ramaswamy, announced on Monday he will no longer be running for the presidency of the USA, USA, USA! By dropping out, the 38-year-old Harvard graduate and biotech entrepreneur may return to his earlier libertarian avatar, minimising the 'radical conservative' window he has been screen-sharing all this while to become prime tenant of 1600 Pennsylvania Avenue. The reason for RamSam flashing the time-out sign is his poor showing in the Iowa caucus Republican presidential nomination contest where he came a poor fourth trailing 'The Don' Trump, 'The Ron' DeSantis, and 'Rikki-Tikki' Nikki Haley. Campaigning as the apostle of anti-wokeism was always going to be tough when you have anti-woke prophets like Don and Ron at the pulpit.

HSBC has filed a contempt of court case against the Central government, alleging non-compliance with the Bombay High Court's ruling concerning a service tax refund. The Bombay High Court had earlier ruled in favour of HSBC in a service tax dispute and asked the tax department to refund the service tax. HSBC has alleged that the government has not complied with the court order. HSBC had got its books and records audited for the period March 2007 to 2012.

The blue-chip NSE Nifty 50 shed 0.29% to 22,032 points. Both the benchmarks rose about 0.1% each to fresh record highs for the third session in a row, before reversing gains. Here's how analysts read the market pulse: «For a sustained upward movement towards the 22,300 level, the index needs to decisively break above the 22,150 mark. On the downside, the immediate support is located at 21,950, and a clear break below this level could trigger further corrections towards the 21,800 mark,» said Kunal Shah, senior technical & derivative analyst at LKP Securities. Jatin Gedia of Sharekhan, said, “Considering the current price and momentum setup we expect Nifty to consolidate within the range 21,900 — 22,200 from a short-term perspective. Stock- specific action and sector rotation are likely during this period of consolidation. Aggressive longs should be avoided and adherence to strict stop loss levels for the long positions is advised." That said, here’s a look at what some key indicators are suggesting for Wednesday's action:

Hutchinson dropped his long-shot bid for the Republican presidential nomination on Tuesday, ending a candidacy that served as a throwback to an earlier era of the GOP but ultimately failed to resonate in a party now dominated by Donald Trump. Hutchinson's exit came a day after he finished sixth in Iowa's leadoff caucuses, well behind Trump and other top rivals but also behind Ryan Binkley, a pastor who failed to qualify for any of the debates. Hutchinson was the last GOP candidate remaining in the race who was willing to directly take on Trump. «I congratulate Donald J Trump for his win last night in Iowa and to the other candidates who competed and garnered delegate support,» Hutchinson said in a statement. «Today, I am suspending my campaign for President and driving back to Arkansas. My message of being a principled Republican with experience and telling the truth about the current front runner did not sell in Iowa.»

weapon systems, two South American countries have shown interest in the Pinaka multi-barrel rocket launchers. The Defence Research and Development Organisation (DRDO) is also developing rockets that would be able to strike targets at 120 km and 200 km. The Indian-made Pinaka weapon system is named after the bow of God Shiva and has been developed by the DRDO. «We have already achieved success in the exports of the Pinaka MBRLs to Armenia.

Ram Temple stands about three kilometers away from the disputed site of Babri Masjid. The opposition further slammed the BJP that if the intention was not to build the temple on the controversial site, then why the Masjid was demolished? Shiv Sena leader (Uddhav Thackeray faction) Sanjay Raut questioned, Why is the temple being built 3 kilometers away from there? Why was Hindu-Muslim communal hatred spread? On a similar note, Congress leader Digvijay Singh that the Majid was demolished only to make the issue communal “BJP, VHP and RSS wanted to demolish the mosque, not build a temple.

Download OKX app from Google Play Store 2. Open the app and Click on Get Started and Then you can see Create an account option. 3.

«For a sustained upward movement towards 22,300 level, the index needs to decisively break above the 22,150 mark. On the downside, the immediate support is located at 21,950, and a clear break below this level could trigger further corrections towards the 21,800 mark,» said Kunal Shah, senior technical & derivative analyst at LKP Securities. Here are 2 stock recommendations for Wednesday: Buy BSE at Rs 2,317-2,320 Target Price: Rs 2,450 Stop Loss: Rs 2,250 BSE is seen to be breaking out of a pattern formation and making a bullish candlestick on the daily timeframe, which indicates strength.

Ira Khan’s resplendent red and gold lehenga seemed as if it was crafted straight from Bollywood dreams! Aamir Khan’s daughter, who recently tied the knot with long-time beau Nupur Shikhare, stole the show at her Mumbai reception on January 13, as she appeared in a magnificent lehenga. Deep red and dazzling, this lehenga seemed straight out of a Bollywood film! According to a News 18 report, the lehenga seemed like a work of art because it was one! The three-piece lehenga reportedly took more than 300 hours to make!

Uncertainty and volatility that have kept many investors on the sidelines recently means cash holdings are elevated, but ETFs and model portfolios are likely to be among the temptations to put that cash back to work.

OTTAWA (Reuters) — Canada's annual inflation rate rose to 3.4% in December from 3.1% in November, data showed on Tuesday, a sign of stubborn inflation ahead of next week's interest rate decision.

 Realtor.com chief economist Danielle Hale breaks down housing affordability on 'Maria Bartiromo's Wall Street.'

One of the flashiest executive perks has roared back since the onset of the pandemic: free personal travel on the company jet. Companies in the S&P 500 spent $65 million for executives to use corporate jets for personal travel in 2022, up about 50% from prepandemic levels three years earlier, a Wall Street Journal analysis found. Early signs suggest the trend continued last year.

Mustafa Al-Bassam, the co-founder and CEO of Celestia, has recently shared insights into his early years as a hacker, including significant hacks targeting entities like the CIA and the Westboro Baptist Church.

₹9.58 trillion in 2023, reflecting a 26 percent increase from the previous year, shows data released by Prime Database. The upswing can be attributed to a surge in credit demand propelled by robust economic growth, Pranav Haldea, managing director of Prime Database Group says. Concurrently, the banking system faced liquidity constraints, leading to entities exploring alternative avenues for capital infusion, the release stated.

Apple is offering rare discounts in China, including on its latest iPhones, in a bid to beat back growing competition in the high-end market from rivals. The tech giant is running a promotion from Thursday through Sunday in China in which it is cutting the price of iPhones by the equivalent of up to $70. Other products will be discounted by up to $110.

The last BOJ meeting of 2023 took place before the holidays in December, and as expected, it brought no changes to the dovish BOJ monetary policy that has been in place for many years.

Investing.com — The U.S. dollar climbed higher in early European trade Tuesday, with risk sentiment hit by increased tensions in the Middle East as well as concerns that the Federal Reserve may delay interest rate cuts .

By Tim Reid, Nathan Layne and Gabriella Borter