Track Financial News

By Tom Westbrook

Diablo Immortal Season 22, titled Plague Reaper, brings a slew of updates, including a new Battle Pass with various challenges and rewards. Here's a breakdown of what players can anticipate in this upcoming season. When Does Diablo Immortal Season 22 Start?

Financial advisors using the AssetMark wealth management platform will now have access to a new suite of services to boost tax efficiency and outcomes for their clients’ taxable assets.

By Johann M Cherian and Ankika Biswas

Reserve Bank of India on Thursday approved the appointment of Rajinder Kumar Babbar as the Executive Director of Bandhan Bank for three years with effect from the date of taking charge. 56-year-old Babbar will take charge three months from now. «The proposal for appointment of Babbar will be placed before the NRC and the Board for consideration and approval, in due course,» the bank said in a release. Babbar is currently the Group Head — Transportation, Infrastructure and Tractor Finance Group at HDFC Bank. He has over 35 years of experience across the banking sector in various leadership roles.

The Saya Group, one of India’s leading real estate companies, is gearing up to deliver 4.25 lakh sq feet of retail spaces in Greater Noida West by the end of 2024. The company is also developing 2.5 lakh sq. feet of studio apartments, scheduled for delivery within the next two years. Currently, the Saya Group is constructing two retail projects, Saya South X in Greater Noida West and Saya Piazza in Noida.

Investing.com — The U.S. dollar slipped lower during early European trading Thursday, but remained near a one-month high after robust U.S. retail sales data spurred more doubts over early rate cuts by the Federal Reserve.

Hindustan Unilever is set to release its Q3 results on Friday, January 19. The company is likely to report a marginal rise of 2.2% in its net profit for Q3FY24 at ₹2,638 crore as compared to ₹2,581 crore in the corresponding quarter of last fiscal, as per average estimates of 5 brokerage houses. Also Read: Q3 result preview: FMCG sector expected to see mid single-digit volume growth, margin expansion trend to continue HUL’s revenue during the quarter ended December 2023 is estimated to remain flat year-on-year (YoY) at ₹15,400 crore.

Taiwan's TSMC will formally open its new chipmaking foundry on Japan's Kyushu island on February 24, its chairman said Thursday, which is part of their plan to expand its global manufacturing footprint. Taiwan Semiconductor Manufacturing Company — whose clients include Apple and Nvidia — controls more than half the world's output of silicon wafers, used in everything from smartphones to cars and missiles.

earnings on Thursday along with 41 other companies. After HDFC Bank's results on Tuesday which left the Street unimpressed, investors will be keeping a close watch on the earnings of this fifth largest private bank. Among other important results that are likely to be tracked closely today include those of Indiamart InterMesh, Mastek, Metro Brands, Polycab, Home First Finance Company, Poonawalla Fincorp, South Indian Bank, Shoppers Stop and Tata Communications. On Wednesday, Asian Paints reported a 35% year-on-year (YoY) rise in consolidated net profit for the quarter ended December to Rs 1,448 crore. This was higher than the ETNow poll of Rs 1,353 crore. Consolidated revenue from operations grew by 5.4% YoY to Rs 9,103 crore but trailed estimates of Rs 9,356 crore. LTIMindtree was another Nifty company which reported a consolidated PAT of Rs 1,168.9 crore versus ET NOW poll of Rs 1,175 crore. The IT services company's net profit rose 17% YoY. The same stood at Rs 1,000 crore a year ago. Read More: IndusInd Bank Q3 result preview: Profit, NII to grow in double digits; asset quality stable

Sensex cracked 1,628.01 points, or 2.23%, to end at 71,500.76, while the Nifty 50 ended 460.35 points, or 2.09%, lower at 21,571.95. “Hawkish Fed commentary, escalating tension in the Middle East, and a spike in bond yield dented investor sentiment. On the domestic front, the market would look at quarterly results for stock-specific action and we expect indices to consolidate after a sharp sell-off," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Ruchira Kamboj said that she is honoured to share India's development journey at the United Nations Development Programme high-level policy dialogue for the Asia-Pacific. She stated that India is committed to fostering development for all with the support of all. Kamboj noted that India is on track to surpass the Sustainable Development Goals (SDG) target 1.2 before 2030.

There’s plenty of money to be made by investing in the green energy transition, and financial professionals who say otherwise aren’t paying attention to the facts, according to Brookfield Asset Management Ltd. chair Mark Carney.

Wall Street is slipping again after a stronger-than-expected report on the U.S. economy weakened hopes that easier interest rates would arrive soon

Economists are reputed not to have any skin in the investment game. They make projections and presentations and talk to investors who invest in their stories. The government promotes digitization, which involves commerce going online and eases activity as well as audit trails.

By Chuck Mikolajczak

₹1,491.95, hit on December 1, 2023. Despite the muted returns, global brokerage house Jefferies has a ‘buy’ call on the insurance stock with a target price of ₹1,730, implying an over 19 percent upside. The brokerage elevated ICICI Lombard to one of its top picks, citing five compelling triggers for optimism.

Investing.com — The U.S. dollar steadied at a one-month high amid increasing doubts over early interest rate cuts by the Federal Reserve, while sterling climbed on hot inflation data.

Narendra Modi on Wednesday said that the BJP was the only party in India with a proven track record of speedy development and a clear vision for the future. The prime minister was speaking at a party meeting of around 6,000 in-charges of 'Shakti Kendras', each comprising two to three booth-level areas, at Marine Drive here.

Amit Chadha, MD & CEO, L&T Technology Services, says “I would like to confirm to you that the highest growth that we have had in the last two quarters has been from Europe. Our North America region has also grown in both these quarters and then has been ROW. And I would like to confirm that that is the case for quarter three as well.” Let us begin by talking about the overall growth rate because that has slowed from the 6% plus that we saw per quarter 8 to 9 quarters ago to about 1%. Are you confident that this is the bottom and hence a sharp reversal can be seen in Q4? Amit Chadha: You want to do the math and you look at 17.5% to 18.5%, you will realise the asking rate is about 4%. I am confirming to you that Q4 will be a good quarter and that is how we are reaffirming our guidance. And I have confidence based on the deals that we have won, based on some of the deals in play that we will be there as we move forward. I am extremely excited about the kind of opportunity that exists for engineering services with India Inc. globally. So I am fairly comfortable at this stage.

A top Federal Reserve official said he's increasingly confident that inflation will continue falling this year back to the Fed’s 2% target level, after two years of accelerating price spikes that hurt millions of American households