Show Financial News

By Khanh Vu

In the dynamic realm of cryptocurrency, Cardano (ADA) stands out with its recent price movement. As of December 29, ADA’s price hovers around $0.6101, showing a 6.42% decline over the last 24 hours.

Non-Banking Financial Companies(NBFCs). And just like banks, loans given to retail borrowers by these alternative platforms are also growing fast in size. The latest RBI data released via a report vouches for this.

Indian economy, banking sector showed resilience: SBI chairman Khara Carter’s INQQ ETF's top holding is Mukesh Ambani-led Reliance Industries, the conglomerate behind the affordable smartphone boom. “No other country on the planet has anything like this in terms of a digital foundation for their entire economy," Carter told cnbc.com.

The global mind industry’s most popular spurious advice is that we must maintain a ‘work-life balance.’ This view is popular because it has the word ‘balance’ in it. People tend to believe that anything that seeks balance must be wise, healthy and correct. But from what I have seen, the best way to live is to have a singular preoccupation and bet most of one’s life on pursuing it.

Mint in the week gone by. India's current account deficit (CAD) declined to 1% of the gross domestic product in the September quarter, down from 1.1% in the last quarter. The mutual fund industry's assets under management climbed to a new peak in 2023 as growth in folio count and unprecedented inflows from systematic investment plans (SIPs) indicate growing investor confidence.

Tata Coffee: Tata Group company's Tata Coffee will complete the merger with Tata Consumer Products Ltd (TCPL), and Tata Beverages and Foods Ltd (TBFL) on Monday, the company said in its stock exchange filing on Thursday. Tata Coffee shares closed 1.33% higher at ₹308.15 per share on Thursday. J B Chemicals and Pharmaceuticals Ltd: JB Chemicals looks to continue its growth momentum, driven by the geographical expansion of legacy brands, scale-up in Sanzyme, Azmarda, and Razel franchises, MR productivity improvement, scale-up of contract manufacturing business and new product launches across markets.

Sensex ended 371.95 points, or 0.52%, higher at 72,410.38, while the Nifty 50 gained 123.95 points, or 0.57%, to close at 21,778.70, on December 28. “Markets have been gaining for five consecutive trading sessions on the back of optimism over expected growth next year. Global markets too were supportive as investors hoped for an early rate cut in 2024.

growth may have outstripped expectations in the second quarter of fiscal 2024 but Shashanka Bhide, an external member of the Monetary Policy Committee, believes that there are challenges to optimistic growth assessments from weak consumption and an uncertain global environment. «I believe there are vulnerabilities to this growth assessment in the sense that there are a few major drivers on the demand side. We see weaker growth in consumption.

₹10,000 invested per month for 15 years in public provident fund PPF @ 7% per annum will grow to ₹32 lakh versus ₹50 lakh if invested in equities at 12% p.a. Experiential vacations, luxury car, if really important for the person, can be realized through bonuses. Of course, paying off debt should always be the first choice for lump sum funds.

Perception of riskiness of the Indian banking system has improved in relation to the global financial system, but the contagion risk has risen due to a merger in the sector though it is not a cause of worry, the RBI said without naming HDFC and HDFC Bank that merged this year. «Macro stress tests for credit risk showed that SCBs (scheduled commercial banks) have sufficient capital buffers and even under adverse stress scenarios their capital ratios will remain above the regulatory minimum,» said the RBI's 28th Financial Stability Report. «Wider adoption of technology in the financial system amidst a new wave of innovations also poses new challenges for financial stability that would require suitable risk mitigating regulatory and supervisory actions.» Indian banks are making record profits with rising income from lending and sliding provisions for bad loans.

asset-liability positions by trimming dependence on short-term borrowing and increasing preference for long-term funding sources, but in case of extreme liquidity conditions, 34 firms may face stress, the Reserve Bank of India said. «The results (of stress scenarios) indicate that the number of NBFCs, which would face negative cumulative mismatch in liquidity over the next one year in the baseline, medium and high-risk scenarios, stood at 6, 17 and 34, respectively,» the RBI said in its December 2023 Financial Stability Report. Under the RBI's stress scenario, six NBFCs represent 1.3% of the asset size of the sample, 17 non-bank firms represent 10.4% and 34 firms account for 15%, respectively. Based on five-year data, a study of the asset-liability management profile of the top 50 NBFCs showed that 76% of bonds issued by the non-bank lenders had a residual maturity of up to five years in September 2023, down from 88% in September 2018. This indicates elongation in the maturity of bonds, the RBI said.

Gypsy Rose Blanchard, who conspired with her online ex-boyfriend to kill her mother, has been released from prison.Gypsy, now 32, was originally handed a 10-year sentence after she encouraged her then-boyfriend Nicholas Godejohn to kill Clauddine (Dee Dee) Blanchard in June 2015.On Thursday, after serving over eight years behind bars, Gypsy walked free. She left the Chillicothe Correctional Centre in Missouri around 3:30 a.m.

NSYNC, the iconic American boy band that captivated the late '90s and early 2000s, might be making a comeback. Lance Bass, one of the group's former members, recently shared insights about the potential reunion on the online game show Rent Free with Ankur Jain. Amid swirling rumors and a notable comeback performance at the 2013 MTV Video Music Awards, NSYNC enthusiasts are eager to know if the beloved boy band is gearing up for a reunion.

Judges Luke Bryan, Katy Perry, and Lionel Richie have posted on their social media handles about the release date of the upcoming season.

Fox News real estate contributor Katrina Campins breaks down the housing market on ‘Cavuto: Coast to Coast.’

unemployment benefits rose last week, indicating the labour market continues to cool in the year's fourth quarter. New state unemployment benefit claims rose by 12,000 last week to 218,000, according to the Labor Department.

It’s the end of December and my inbox is flooded with pitches for mocktails, apps and lifestyle gurus ready to help you sober up after the holiday excess. So-called ‘Dry January,’ initially just a public health campaign, is now as fully commercial as Christmas and New Year’s Eve [in the US]. But according to data from Morning Consult, fewer people in the US participated in Dry January in 2023.

New Delhi: Dera Ki Gali, where terrorists ambushed an Army convoy killing four soldiers last week, is barely a few kilometres away from Bufliaz, the starting point of the 84-km Mughal Road, a relatively easier access to the Valley than the Banihal Tunnel, whose usage is curbed at times for security reasons. In many ways, this is the junction where J&K's politics wrestles with its complex security environment. Voting percentages start to dip while security forces begin to dominate along a less-trodden road axis across the Pir Panjal Pass to Shopian in south Kashmir.

New York Times sues OpenAI and Microsoft for feeding their generative AI beasts fodder from the organic food trough of the Grey Lady, we ponder over what happens to the news that is not fit to print, but comes out of ChatGPT and Bing Chat smelling of NYT anyway. Apart from the newspaper making a lot of money if it wins the case, there is a chance that those emulating the two most famous generative AI models will find a way to tweak language learning models by leaving no — pardon the pun — paper trail. As every college plagiarist worth his or her salt knows (by picking this knowledge up from somewhere else), nearly nothing is original or new, and certainly no information is anyone's monopoly.

Oprah Winfrey and the ladies of 'The View'? Recent events surrounding the promotion of the latest adaptation of 'The Color Purple' have fueled rumors of discontent between the media mogul and the daytime talk show hosts. Let's delve into the alleged drama and dissect the facts.