Stage Financial News

Shri Tulsidas Ramlila Committee. This iconic Ramlila, an annual fixture since 1964, had its last performance on October 17, 2021. The pandemic had compelled the cancellation of this beloved event as it kept people confined indoors and cities under lockdown.

Indian Venture and Alternate Capital Association (IVCA) in partnership with the Centre for Business Innovation (CBI) at the Indian School of Business (ISB) has announced a launch of a training programme for PE/VC fund managers. This programme is designed specifically to address the needs of professionals appointed by private capital funds on the board of ‘early to growth’ stage companies.

Also Read: Delhi's air quality on upswing, likely to enter 'poor' category soon The AQI scale ranges from 'good' between zero and 50, 'satisfactory' from 51 to 100, 'moderate' between 101 and 200, 'poor' from 201 to 300, 'very poor' within 301 to 400, and 'severe' from 401 to 500. Meanwhile, earlier on Thursday, Delhi experienced a maximum temperature of 34.7 degrees Celsius, slightly surpassing the seasonal average, as reported by the India Meteorological Department (IMD).

Bank stocks remain under pressure due to high-interest rates, as financial firms like Club holdings Wells Fargo (WFC) and Morgan Stanley (MS) kick off earnings season starting Friday.

In light of the recent US core inflation data, the crypto community is eagerly discussing the potential trajectory of Bitcoin (BTC/USD) for October 12.

The Danish wind energy company Orsted has put up a $100 million guarantee that it will build New Jersey’s first offshore wind farm

The Malaysian government has questioned a move by Goldman Sachs to file for arbitration in a dispute connected with the multibillion-dollar looting of a sovereign wealth fund

Malaysian budget carrier MYAirline has abruptly suspended operations less than 11 months after it took to the skies

Charlie Munger, renowned investor and Vice-Chairman of Berkshire Hathaway, took the stage during video conferencing company Zoom’s Zoomtopia conference on October 4, sharing his thoughts on crypto, artificial intelligence (AI), and valuable life lessons.

The International 2023 will be held in Seattle, close to Valve’s headquarters in the US. A total of the best 20 teams in the world will participate in the final round after a long Dota Pro Circuit season with three tours. It will be the first time that The International will take place in the US since 2018. It will return to Seattle which hosted the events between 2012 and 2017.

Small finance banks such as AU, Equitas and Ujjivan, which aspire to become "universal banks" as they complete the mandatory five-year cooling off period, are now awaiting the regulator’s signal before they officially seek licence upgrades. Although these banks have almost every product in their suite for the retail customer, they would prefer to drop the ‘small bank’ tags attached to their names and be in the same league with others to win over stakeholders, particularly depositors. Some of these so-called small banks are already bigger in size than quite a few old-generation private sector lenders, while a universal bank licence would test their skills on underwriting and bandwidth to handle bigger businesses. The licensing window for universal banks is open on-tap, which means that the applications can be submitted to the regulator any time. However, as things stand now, there is no specific communication from the Reserve Bank of India (RBI) on conversion of small finance banks into a universal lender, which would allow the current set of ‘small’ lenders more flexibility in the way they do business and leverage capital. Most importantly, captains of every small bank highlighted that the ‘small’ tag is hurting them in the perception game.

By Nidal al-Mughrabi and Jonathan Saul

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The XRP price has fallen by 2% in the past 24 hours, sinking to $0.479290 as the cryptocurrency market as a whole suffers a similar dip today.

Here's a comprehensive look at the highlights and key takeaways: The event opened with a powerful statement by the moderator, Shivananda Shetty, Partner & Lead ESG, KPMG India, who said, «The ESG data is subject to the same scrutiny as the financial data by stakeholders and it is imperative for organizations to have a similar governance structure in place”. This statement served as a prelude to the subsequent discussions. During the webinar, prominent industry leaders provided invaluable insights into the complexities of ESG data.

Taiwan's defence ministry said the U.S. aircraft had flown in a northerly direction through the strait and stuck to its median line. Taiwan's forces kept watch the situation was "as normal", the ministry added.

United we win, divided we fall. This fits perfectly in the stock market. We always see how a stock is performing, but we forget to check how its sector is performing. In our daily lives, we see there are some sectors that have booming business opportunities and some that are already flying high. The same happens in the stock market.

KUALA LUMPUR (Reuters) — A Malaysian government task force said on Thursday it viewed Goldman Sachs' filing of arbitration proceedings as premature, after the firm sued Malaysia in a British court this week amid an escalating dispute over a 2020 settlement deal.

Pramod Gubbi, Co-Founder, Marcellus Investment Managers, says “like always the credit cycles will peak out either because there is an event in the economy or lenders have gone overboard in terms of lending but at this stage, It looks like a Goldilocks situation where demand is pretty strong, asset quality concerns are not that grave. Therefore, we should continue to see this sort of growth in retail credit.” I would like to talk to you about the small ticket loan space. After Q2 updates, Poonawalla Finance was 150% higher YOY. Today, U GRO came out. Five Star Business also recently hiked their guidance. One is getting a sense that after GST, Jan dhan, Aadhaar and mobile phones, small ticket loans for enterprises, SMEs or even individuals, are getting deeper into the country. It is like a satirisation of what happened in the consumer space a few years back with Rs 2 shampoo sachets, Rs 5 biscuit packets. Or do you see this as a risk also because in this business, collection is a bigger issue and not giving loans? A lot of people are scratching their heads around this.

Finnish police say they have launched a criminal investigation into possible sabotage of an undersea gas pipeline between Finland and Estonia that was shut down over the weekend following a leak

Eddie Jones is expected to be named as Japan’s next head coach after his Australia side failed to progress from the pool stages of the Rugby World Cup for the first time.