Show Financial News

₹7,300 crore collectively. But a more interesting bunch of at least nine new-age tech startups is polishing its offerings, preparing to tap the markets after next year’s general election. FirstCry, Oyo, Lenskart, Swiggy, PayU, MobiKwik, Infra.Market, OfBusiness and PhonePe are among the new-age tech startups looking to raise over $2 billion in 2024 (around ₹16,600 crore at the current exchange rate), bankers and company executives said.

VANCOUVER — Capstone Copper Corp., a mining company with a market capitalization of CA$3.4 billion, has seen significant gains recently, with retail investors playing a pivotal role in its ownership structure. These individual stakeholders hold roughly 40% of the company's shares, reflecting a substantial influence on the company's direction and performance.

CAIRO — Egypt's stock market witnessed a day of historic gains with the benchmark EGX30 index reaching nearly 24,900 points, marking a significant milestone. This surge reflects a 2.12% increase from the previous session, underscoring the bullish sentiment prevailing in the market.

Cybersecurity is among the top three important segments for companies in the Indian financial services industry but there is a gap in the industry needs and the availability of skills. Companies in general are looking for experienced professionals but this being a nascent segment, Indian universities have not been producing as many skilled professionals as the industry needs. «The Indian curriculum is more focused on AI, ML, and other data science courses but not cybersecurity,» said Abhik Chatterjee at Boston Consulting Group, which advises top banks in the country.

Chancellor of the Exchequer Jeremy Hunt pushed back on the prospect of imminent cuts to income tax or national insurance, following weekend reports that he's considering doing so in his Autumn Statement this week. «The one thing we won't do is any kind of tax cut that fuels inflation,» Hunt said Sunday on Sky News, when asked about the reports. Still, «we need to show there is a path to a lower-tax economy,» he added.

The 2023 CEX Market Report by 0xScope, published on November 6, 2023, provides a comprehensive overview of the changing landscapes within the centralized exchanges (CEXs) over the past year. It highlights the shifting dynamics and the rise of second-tier exchanges like OKX and Upbit challenging Binance's previously uncontested dominance.

Inflation has reached its lowest point in two and a half years. The unemployment rate has stayed below four per cent for the longest stretch since the 1960s.

World Cup 2023: Australia defeated India by 6 wickets to lift the ICC World Cup trophy at Narendra Modi stadium on Sunday. The victory of the Kangaroos came as a major disappointment for Indians who were praying hards for team India's victory.

MUMBAI : The Reserve Bank of India (RBI) purchased nine tonnes of gold in the September quarter, contributing to the 337 tonnes purchased by global central banks, and underscoring the importance of gold as a diversifier of its total reserves. With the latest quarterly buying, India’s official gold reserves stood at 806.7 tonnes as of September end, placing it at No. 10 in the pecking order, according to miner’s lobby World Gold Council (WGC).

Rohit Sharma-led India by 6 wickets, with 42 balls remaining, at the ICC Men's Cricket World Cup 2023 final played at Narendra Modi Stadium in Ahmedabad. Speaking after the World Cup loss, Indian skipper Rohit Sharma said, “We were not good enough today. I’m really proud of the team, how we played from game one.

World Cup 2023 final being played in Ahmedabad today, quick delivery companies like Zepto, Blinkit and Instamart Sunday reported skyrocketing orders, even bigger than Diwali, for core cricket viewing-day products like snacks and beverages beside puja flowers and Indian cricket team jerseys just before the match started at 2 pm. “This is the event of decade in India, even bigger than Diwali…Zepto is the perfect platform for core cricket-viewing products like beverages and snacks which is why we’re seeing a major boost in volume today" BQ Prime quoted Aadit Palicha, cofounder and CEO of Zepto as saying.

By Duncan Miriri

Gaza in recent days is unfathomable, the UN rights chief said Sunday, with attacks on schools harbouring displaced people and a hospital turned into a «death zone». «The horrendous events of the past 48 hours in Gaza beggar belief,» United Nations High Commissioner for Human Rights Volker Turk said in a statement. He spoke as the World Health Organization scrambled to evacuate the last remaining patients and staff from the Al-Shifa hospital, with UN officials describing the Palestinian territory's largest health facility, raided last week by Israeli troops, as a «death zone». Elsewhere in northern Gaza, a Hamas health official said more than 80 people were killed on Saturday in twin strikes on Jabalia refugee camp, including on a UN school sheltering displaced people. «The killing of so many people at schools turned shelters, hundreds fleeing for their lives from Al-Shifa Hospital, amid continuing displacement of hundreds of thousands in southern Gaza, are actions which fly in the face of the basic protections civilians must be afforded under international law,» Turk said. He described the images purportedly taken in the aftermath of the reported Israeli strike on the UN-run Al-Fakhura school as «horrifying», and «clearly showing large numbers of women, children and men severely wounded or killed». — 'May constitute war crimes' - The UN rights chief pointed out that in Khan Younis in southern Gaza, the Israeli military «are dropping leaflets demanding residents go to unspecified „recognised shelters“, even as strikes take place across Gaza». «Irrespective of warnings, Israel is obliged to protect civilians wherever they are», he said, pointing to the principles under international law of distinction,

World Cup 2023's top wicket taker Mohammed Shami had to sit out for the first four matches of the tournament. Then he made a big comeback. The veteran Shami, 33, came into the side after an injury to all-rounder Hardik Pandya and soon made an impact with a five-wicket haul against New Zealand in Dharamsala. Later in the semifinal he took 7-57 in the semi-final against New Zealand in Mumbai. «It was tough for him to not play the initial part of the World Cup, looking at him being one of the senior bowlers for us,» said Rohit. «But he was there for the team. He was there to help Siraj, he was there to help Bumrah in whatever way he could. And that shows the quality of him, being the team man that he is.» «The results are there for everyone to see how he has come back from that. That shows the kind of mental space that Shami had before the World Cup and now.» Shami has claimed close to 200 wickets in 100 ODIs for India since his debut in 2013.

Aadit Palicha said on social media platform X (formerly Twitter) that sales of puja flowers were skyrocketing right before the match began at 2 pm. He also shared a graph of how the numbers stacked up when compared to a regular Sunday. “India's religious side is starting to show! Sales of puja flowers are through the roof today compared to a regular Sunday We thought it was because of Chhath Puja, but there's been a major spike since the match started,” he said.

Last week, the government reported that consumer prices didn't rise at all from September to October, the latest sign that inflation is steadily cooling from the heights of last year. A separate report showed that while Americans slowed their retail purchases in October from the previous month's brisk pace, they're still spending enough to drive economic growth. Even so, according to a poll last month by The Associated Press-NORC Center for Public Affairs Research, about three-quarters of respondents described the economy as poor.

Siddaramaiah and JDS state president HD Kumaraswamy lashed out at each other on Sunday as the latter stuck to his allegation that the CM and his son Dr Yathindra indulged in corruption in the transfer of officials. The JDS leader in a series of posts on social media platform X as well as in a press statement threw some more questions at the CM, not satisfied by the explanation he had offered about the mobile conversation his son had with one of his officials. The CM, in a chat with the media, offered to retire from politics if Kumaraswamy established he made money in official transfers. Kumaraswamy was now talking about the “money transactions in transfers’ during his own tenue as chief minister, Siddaramaiah said, seeking to turn the tables on his bitter rival. The two leaders were once part of the JDS, and Siddaramaiah switched to the Congress in 2005 after his expulsion from the party over differences with HD Deve Gowda.

Shiv Sena (UBT) leader Sanjay Raut on Sunday said the Election Commission of India had become a caged parrot and a sham and accused it of «turning a blind eye» to the actions of the Bharatiya Janata Party. In his weekly column 'Rokthok' in Shiv Sena (UBT) mouthpiece 'Saamana', Rautaccused the BJP of resorting to religious propaganda to «bribe» voters after losing ground in five states where Assembly polls are being held (in November).

ICC Men's Cricket World Cup 2023 Final between India and Australia at Ahmedabad's Narendra Modi Stadium on 19 November is underway, and the stadium is filled with a sea of blue, as spectators and cricket fans across India arrive expecting the Men in Blue will defeat the Australians and lift the Cricket World Cup. The buzz for the the match was complemented by world-renowned Surya Kiran, the aerobatic team of the Indian Air Force.

Gaza Strip — At least 30 premature babies were evacuated from Gaza's main hospital on Sunday and will be transferred to facilities in Egypt, the territory's Health Ministry said. Medhat Abbas, a spokesman for the ministry, confirmed the evacuation in a phone call with The Associated Press. A World Health Organization team that visited Shifa Hospital on Saturday said 32 babies were among scores of critically ill patients stranded at the hospital, where Israeli forces have been operating since last week.

World Cup 2023 final match on Sunday. A pitch invader sporting a mask with the Palestine flag colours and a plea to stop the bombing in Gaza on his shirt entered the field, halting the match for a few minutes.