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The Israeli military has carried out a wave of airstrikes targeting branches of a financial institution affiliated with Lebanon’s Hezbollah, saying the quasi-banking system is being used to fund the militant group’s military wing

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

After proceeding at a tentative, 25-basis-point cut pace in the first three interest rate cuts of its cycle, many economists expect the Bank of Canada will take an oversized step lower in its upcoming decision on Wednesday.

Geddes' words of warning come as the government faces a balancing act in the upcoming 30 October Autumn Budget as it looks to raise tens of billions to plug a public spending gap. A raft of tax and pensions changes are expected, including across inheritance tax (IHT), CGT, and on the pensions tax-free lump sum. In comments shared with PA, Geddes warned that CGT increases could put people off from setting up businesses in the UK and could spur an exodus, with some looking to head abroad. Government to target inheritance tax raises in Autumn Budget – reports Evelyn Partners survey...

JP Morgan has initiated coverage on Ultratech Cement and 3 other cement stocks with an upside potential of up to 31% on the belief that the sector is set for consolidation with the larger players likely to become more aggressive. “India cement sector looks set for consolidation with the larger players turning aggressive,” said JP Morgan in its note.

Subscribe to enjoy similar stories. Investing and trading in financial markets isn’t about physical strength—there are no prizes for running faster, punching harder, or lifting heavier. Success in this arena demands mental agility.

Manappuram Finance slid 17% to Rs 145.50 in the last 2 trading sessions after the Reserve Bank of India (RBI) imposed restrictions on four NBFCs (including Manappuram’s subsidiary) citing material supervisory concerns. The restrictions will be effective from October 21, 2024 on four NBFCs Asirvad Micro Finance (a subsidiary of Manappuram Finance), Arohan Financial Services, DMI Finance, and Navi Finserv.

Gen Z population, currently estimated at 37.7 crore, is reshaping the country’s consumer landscape. As more of them join the workforce, brands are scrambling to cater to this new, influential demographic that is expected to drive a substantial portion of India’s consumer spending. According to a joint report by Boston Consulting Group (BCG) and Snap Inc., Gen Z already influences a staggering 43% of household consumption, contributing $860 billion to the economy, of which $200 billion comes directly from their own earnings. Also Read: India’s ‘swipe-up’ generation set to swipe right on festive deals The report further estimates that by 2030, around 36% of India’s Gen Z will be part of the workforce, driving an impressive $730 billion in direct spending and a total of $1.4 trillion when including influenced spends. These figures make it clear why brands are working to position themselves as Gen Z favorites, as this cohort is expected to shape the future of consumer behavior in India.

Tech Mahindra today surged 4% in an intraday session to their new 52-week high of Rs 1,761.30 after the company on Saturday reported a 153.1% year-on-year (YoY) to Rs 1,250 crore for the second quarter, while its revenue rose by 3.5% YoY to Rs 13,313 crore in the said quarter. On a sequential basis, profit and revenue saw growth of 46.81% and 2.36%, respectively.

IndiaMart InterMesh-operated IndiaMart today fell by 18% to Rs 2,466.80 on the BSE even as the company reported nearly a 95% YoY jump in its Q2 PAT at Rs 135.1 crore. Additionally, the company also reported an 18% jump in its revenue on a year-on-year basis (YoY) at Rs 348 crore for the second quarter ended September 2024, which stood at Rs 295 crore in the same quarter of the previous fiscal year.

Kotak Mahindra Bank shares fell over 4% to Rs 1,793.85 on NSE after the private sector lender after its net interest margin (NIM) moderated 11 bps sequentially to 4.91% and card delinquencies drove an increase in slippage run-rate. «Factoring in slower growth and rising NPAs, we cut our earnings by 1-5% over FY25-27E, while we retain our REDUCE rating with TP of Rs1,700 rolling forward on 1.7x Sep-26E Standalone ABV and subs/inv value at Rs550/share,» Emkay Global analyst Anand Dama said.

Subscribe to enjoy similar stories. Regulators, especially financial sector regulators, need to bare their teeth from time to time.

Motilal Oswal Financial Services has a neutral call on Axis Bank with a target price of Rs 1,225. The current market price of Axis Bank Ltd. is Rs 1195.25. Axis Bank, incorporated in 1993, is a bank with a market cap of Rs 370216.15 crore. Axis Bank's key products/revenue segments include interest & discount on advances & bills, income From investment, interest and interest on balances with RBI and other Inter-Bank Funds for the year ending 31-Mar-2024.

Hezbollah’s deputy secretary general, Naim Qassem, has reportedly fled crisis-stricken Lebanon and is now residing in Tehran, according to local media sources. The move, reportedly ordered by Iranian leaders, is seen as a precautionary measure amidst rising concerns for Qassem’s safety, as he is believed to be a potential target of an Israeli assassination.

HDFC Bank on Monday jumped 3% to Rs 1,734 on BSE after India's largest private sector lender reported steady performance in Q2 with PAT growth of 5.3% year-on-year (YoY) beating Street estimates. HDFC Bank's board approval to launch the IPO of its NBFC subsidiary – HDB Financial Services — to the tune of Rs 12,500 crore (including OFS of Rs 10,000 crore) to meet regulatory guidelines will also unlock value for shareholders.

Since the majority of Nifty Bank constituents are yet to announce their figures, traders appeared more inclined to take a risk-on approach, especially since we are coming off a low base, says Anand James, Chief Market Strategist, Geojit Financial Services. «Though the 20-day SMA at 52375 could pose some challenge to Nifty Bank’s ascent, we are counting on the oscillator divergences as well as Friday’s bullish engulfing pattern to provide enough momentum to see 53000,» he says.

buy call on Larsen & Toubro with a target price of Rs 4,250. The current market price of Larsen & Toubro Ltd. is Rs 3576.25. Larsen & Toubro Ltd., incorporated in 1946, is a largecap company with a market cap of Rs 491945.68 crore, operating in the construction sector. Larsen & Toubro, is a key products/revenue segments include income from construction work, income from manufacturing and trading activities, other services, other operating revenue, property development, commission, service (engineering) and lease rentals for the year ending 31-Mar-2024.

Subscribe to enjoy similar stories. For all the excitement around the biggest initial public offering (IPO) in Indian history, the public response to Hyundai’s share sale was underwhelming to say the least.

US indictment linking a former Indian agent to a foiled bid to assassinate Khalistani separatist Gurpatwant Singh Pannun paints a «compelling and detailed portrait» of «a single plot» emanating from Delhi to kill multiple targets across North America, especially in Canada and the US, Canada's most recent envoy to India Cameron MacKay has alleged. In an interview to CBC News, MacKay, who left India in August, said both Canada and the US are probing the matter, adding it was «a fiasco on the part of the Indian government» to think that it could carry out crimes in Canada and the US and get away with it. New Delhi expelled Canadian Charge d'Affaires Stewart Wheeler and five other diplomats following Ottawa's fresh allegations of the Indian government's involvement in the killing of Sikh extremist Hardeep Singh Nijjar on Canadian soil last year. The Canadian diplomats left New Delhi on Friday evening. India also recalled its High Commissioner and five more diplomats and they are also on their way back to India. The Canadian government had said the Indian diplomats were expelled from the country.