Testing Financial News

small-cap mutual funds. The Nifty SmallCap 100 index has already given more than 70% return in 1 year, and we have seen the valuation of some stocks grow to 3-4 times in 1 year only. Now small-cap valuation has come at a dangerously high level," said Ravi Singhal, CEO, of GCL Broking Market regulator Sebi has directed mutual funds to conduct internal stress tests focusing on small-cap stocks.

Several U.S. accounting giants had greater deficiencies in their audits of public companies’ 2021 financial statements compared to the previous year, according to annual inspection reports released Wednesday by the Public Company Accounting Oversight Board. The regulator, which compiles its findings with a lag, inspected 215 audits conducted by the Big Four accounting firms in the U.S.—Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers—down from 220 a year earlier.

FORT LAUDERDALE: A ship powered by renewable energy, including hydrogen produced onboard, is docked in the southeastern US state of Florida this week as it prepares to finish the last leg of a voyage around the world. The 100-foot catamaran, dubbed the Energy Observer, has logged 63,040 nautical miles without using fossil fuels since it first started sailing in 2017. This particular trip around the world started in 2020. The mission has tested renewable energy — including by using solar panels and advanced sails called "oceanwings" — as a power source in multiple climates off the coasts of Africa, Asia and Antarctica.

Joe Biden «continues to be fit for duty,» his doctor wrote Wednesday after conducting an annual physical that is being closely watched as the 81-year-old seeks reelection in November. Dr. Kevin O'Connor, Biden's physician, wrote that the president is adjusting well to a new device that helps control his sleep apnea and has experienced some hip discomfort but also works out five times per week. «President Biden is a healthy, active, robust, 81-year-old male who remains fit to successfully execute the duties of the presidency,» O'Connor said in a six-page memo on the president's health, following a physical that took Biden to Walter Reed National Military Medical Center for more than 2 1/2 hours.

A Coinbase (COIN) outage left some users to witness zero balance in their accounts and unable to trade Wednesday, even as bitcoin (BTCUSD) soared past $63,000.

Call of Duty: Warzone Mobile has been officially announced, with the game scheduled to launch worldwide on March 21, 2024. This news comes after several limited release periods, during which the game underwent beta testing.

No, Wendy’s Co. says, there won’t be surge pricing on cheeseburgers and Frostys.

Red Bull has confirmed that Christian Horner will remain in charge of its champion Formula 1 team after an investigation cleared him of alleged misconduct toward a team employee. Horner will stay on as chief executive and team principal after the announcement, which came three days before the first race of the season. “The independent investigation into the allegations made against Mr. Horner is complete, and Red Bull can confirm that the grievance has been dismissed. The complainant has a right of appeal.

BCCI) on Wednesday cracked the whip on cricketers who refused to comply with its directives requiring all centrally-contracted and A -team players, who are fit to play, to make themselves available for participation in the domestic cricket tournaments. The BCCI announced a list of 30 senior men’s cricketers, up from last year’s 26, for the annual central contracts, with Rohit Sharma, Virat Kohli, Jasprit Bumrah and Ravindra Jadeja remaining in the topmost Grade A+ category. However, two names were conspicuous by their absence – Shreyas Iyer and Ishan Kishan. Iyer, who had a Grade B contract, was part of the Test side for the first two matches against England before being dropped for lack of runs. He had some issues with his back and went to the National Cricket Academy (NCA) for treatment. However, despite being declared fit by the NCA, he informed the Mumbai Cricket Association that wouldn’t be available for the Ranji Trophy quarter-final against Baroda saying that he was suffering from back spasms. Since then, though, he has joined the Mumbai squad for the semi-final against Tamil Nadu starting from March 2.

₹1879.23 crore and ₹200 crore respectively. However, the Nifty Midcap 150 and the Nifty Smallcap 250 fell more sharply by 1.8% and 1.89% each to 17749 and 14895.25, as panicky investors pulled out cash amid reports of regulatory concerns over too much money flowing into small-cap schemes. Though domestic institutions offset the FPI selling with provisional purchases of ₹1827.45 crore, FPI selling in the derivatives market dragged down the indices, market analysts said.

By Waylon Cunningham and Deborah Mary Sophia

ALSO READ: BCCI terminates central contracts of Ishan Kishan and Shreyas Iyer. Check full contract list here Looking at Ishan Kishan's exclusion from BCCI's list, it appears the board was unhappy with him not participating in domestic cricket during periods when he was not representing the national team. Earlier on 17 December, when Ishan Kishan had left India's Tour of South Africa, the BCCI had said, "Mr Ishan Kishan has requested the BCCI to be released from the upcoming Test series against South Africa citing personal reasons.

Chatbots are spitting out fabricated and misleading information that risks disenfranchising voters leading up to the 2024 U.S. election

The Chevrolet Trax receives a complete redesign for 2024, gaining stylish good looks inside and out, more space, a new turbocharged three-cylinder engine, and a generous assortment of standard features

Wendy’s says that it has no plans to increase prices during the busiest times at its restaurants

Iyer was on a Grade B contract last year while Kishan was handed a Grade C contract but despite playing in the 50-over World Cup last year, the BCCI said both players were not considered in this round of recommendations. Read More: BCCI announces annual player retainership 2023-24 for men's team; Rohit, Kohli, Bumrah and Jadeja in Grade A+

RBI) has released a detailed framework for a ‘regulatory sandbox’ which will provide a safe and protected environment for innovative fintech startups to test their product hypothesis before taking it to the market. In a note released on Wednesday, the central bank said a sandbox environment allows the regulator to engage with startups and “develop innovation-enabling or innovation-responsive regulations that facilitate delivery of relevant, low-cost financial products”. The sandbox will be supervised by the fintech department of the RBI.

Another dig at Ishan Kishan’s focus on IPL? Sunil Gavaskar says some don’t have the ability to play Test cricket The new annual contracts for the senior men's team will begin on 1 October 2023 and run until 30 September 2024. Notably, veteran Indian players like Rohit Sharma, Virat Kohli, Jasprit Bumrah and Ravindra Jadeja have found a mention in the Grade A+ central cricketers. BCCI also confirmed that Ishan Kishan and Shreyas Iyer were not considered for the annual contracts during the round of recommendations while also issuing a note of caution which is likely to be aimed at the two players.

₹7 crore each annually. The Annual Player Contracts for Team India will be valid from 1 October 2023 to 30 September 2024. According to the annual contract, the BCCI included R Ashwin, Mohd.

small cap stocks have run up too much, thus entering the dangerous territory, mutual fund houses and market regulators have started to get circumspect. While some fund houses such as Kotak Mutual Fund have imposed restrictions on lump sum investment in their small cap fund; markets regulator Sebi — at the same time — has introduced stress tests for the fund houses to undertake amid growing concerns about valuations of small cap stocks. The Securities and Exchange Board of India has reportedly asked the mutual fund houses that operate smallcap funds with a large corpus to share data on their holdings in the total free float of smallcap stocks, reported Reuters.

India's latest batting sensation Yashasvi Jaiswal advanced towards a top-10 spot in the ICC rankings for Test batters by climbing three spots to 12th while his compatriot Dhruv Jurel leapfrogged 31 places to 69th on Wednesday. Jaiswal, who started the series in 69th position, continues his ascent to the top after scores of 73 and 37 in the fourth match of India's ICC World Test Championship series against England in Ranchi. Player of the Match Jurel's scores of 90 and 39 has jumped a whopping 31 places while former England captain Joe Root is back in the top three. Root, a formerly top-ranked batter, struck an unbeaten 122 in the first innings in Ranchi to move up two places to third position. He also moved up three spots to fourth among all-rounders.