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US core inflation kept alive the prospect of Federal Reserve rate cuts this year. Benchmarks in Australia, Japan and South Korea all notched gains. The S&P 500 closed Wednesday 1.8% higher, the benchmark’s best day since the November election, which erased its 2025 decline. The tech-heavy Nasdaq 100 climbed 2.3%.

State Bank of India (SBI) and its closest private sector rival HDFC Bank are set to report divergent profit growth for the quarter ending December 2024, estimates by analysts show. State-run SBI could report profit after tax (PAT) growth upwards of 80% on the back of comparatively better deposit growth and lower wage costs, while HDFC Bank may report less than 7% rise in PAT amid muted loan and deposit growth across the banking sector.

Subscribe to enjoy similar stories. Two top business leaders who haven't been celebrated enough but whose achievements are part of business school curriculum, will soon relinquish their long-held jobs. A couple of months ago, Gopal Vittal announced that he would step down as CEO of Bharti Airtel at the end of 2025.

Subscribe to enjoy similar stories. On 15 January, the market continued to struggle, despite being in a heavily oversold position. Recent upticks are viewed as technical recoveries rather than a true shift in fundamentals.

HDFC Life reported a 14% year-on-year rise in net profit for the third quarter, driven by higher premium income and strong growth in non-par savings products. During the quarter, net profit rose to ₹414 crore, up from ₹365 crore in the same period a year ago. Net premium income rose 10% to ₹16,771 crore in the quarter, up from ₹15,235 crore.

Home prices soared during the pandemic housing boom, but it could be another four years before they return to those levels, say economists.

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DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve is missing the bigger picture again.

banking system by announcing daily variable rate repo (VRR) operations, which would accompany the up to $3-billion worth of dollar-rupee buy-sell swaps conducted since Friday, as Mint Road seeks to restrain short-term interest rates that otherwise threaten to dislocate India’s money markets. The first such VRR auction, starting Thursday, will be for Rs 50,000 crore, and the Reserve Bank of India (RBI) will decide on a further auction amount based on the liquidity conditions for that day, the central bank said in a statement Wednesday evening. A reversal of the auction will take place the next day.

Proxy advisory firms are calling on regulators to implement a majority-of-minority voting mechanism for approving promoter remuneration, citing a steady and significant rise in compensation paid to promoters and their families. Voting data reveals how controlling shareholders have used their ownership to approve their own compensation.

Subscribe to enjoy similar stories. New Delhi: The commerce ministry is preparing the standard operating procedure (SoP) for data collection to address discrepancies in import data, a top government official said, after mismatches in gold import figures reportedly embarrassed the government. Unprecedented gold imports recorded in November contributed to a record goods trade deficit of $37.8 billion.

Subscribe to enjoy similar stories. OTTAWA-Since Justin Trudeau said he would resign as prime minister, one Canadian politician after another has looked at running to lead the Liberal Party into new elections that polls show it will lose badly and said: “Not me." Now a prominent name is finally hinting he will run-Mark Carney, a familiar face to the world of finance as the former governor of both the Bank of Canada and the Bank of England and current chairman of Brookfield Asset Management. In an appearance Monday night on the Daily Show, he suggested "without mentioning his potential candidacy" that the party could benefit from an outsider with experience in economics and finance to help guide the Canadian economy at a precarious moment, given the threat by President-elect Donald Trump to slap a 25% tariff on all Canadian imports.

REC Ltd. 1.9 per cent to Rs 485.60 at 10:25AM (IST) in Wednesday's trade. The stock hit a high of Rs 486.50 and low of Rs 475.25 so far during the session. The stock had closed at Rs 476.50 in the previous session. The counter had a total traded volume of 10:25AM shares so far with a turnover of Rs 5.10 crore on BSE. The stock traded at a price-to-earnings multiple of 8.55 and a price-to-book ratio of 1.73.

Bharat Mobility Global Expo beginning on Sunday. The Bharat Battery Show will also showcase over 20 innovative product launches, factory announcements and international partnerships, a statement said. It will feature cutting-edge technologies in battery storage, battery recycling, and charging infrastructure. The three-day event is being organised by IESA (India Energy Storage Alliance) as a part of Bharat Mobility Global Expo 2025 at Bharat Mandapam here.

Subscribe to enjoy similar stories. SEOUL: South Korean authorities arrested and detained for questioning the country's impeached president, Yoon Suk Yeol, deepening the fallout from his short-lived declaration of martial law last month. Never before has a South Korean sitting president been arrested.

Subscribe to enjoy similar stories. How embarrassing would it be for the Federal Reserve to raise rates this year? Could it admit that its aggressive rate reductions last year, including a cut as recently as last month, were a mistake, and put them into reverse? Investors are starting to think about the idea.

Berkshire Hathaway Chairman Warren Buffett urged readers to come «inhale the air, drink the water» and attend the company's annual shareholder meeting in Omaha, his hometown. The letter, a document pored over by shareholders, analysts and press every year for insights into the legendary investor's thinking, playfully sought to link the success of his conglomerate with the setting of the heartland city, in eastern Nebraska along the Iowa border.

Rachel Accurso, widely known as Ms. Rachel, is bringing her educational videos to Netflix. The first set of episodes is set for release on January 27, 2025.