Track Financial News

Coco Gauff set aside a so-so start and surged to her first Grand Slam title at age 19, coming back to defeat Aryna Sabalenka 2-6, 6-3, 6-2 in the US Open final on Saturday to the delight of a raucous crowd that was loud from start to finish.

G20 presidency has been the most ambitious with 112 outcomes and presidency documents, says country's G20 sherpa Amitabh Kant. In an interview with Deepshikha Sikarwar he said language on Ukraine war is stronger than in the Bali Declaration. Edited excerpts:Has India delivered on its ambitious agenda and raised the bar for others? With over 112 outcomes and presidency documents, our G20 presidency has been one of the most ambitious in history.

Group of 20 leaders have agreed to triple renewable energy and try to increase the funds for climate change-related disasters but maintained the status quo with regards to phasing out carbon spewing coal

Nirmala Sitharaman, said on Saturday. The key achievements of the finance track under the Indian G20 presidency include a plan to strengthen the Multilateral Development Banks (MDBs) to address shared challenges, laying down the building blocks for a globally coordinated policy and regulatory framework for crypto assets, gaining financial inclusion and productivity gains through digital public infrastructure, debt resolution for lower and middle-income countries, and financing cities of tomorrow, among others, the finance minister said.

G20 Summit here were treated to a special lunch at Jaipur House on Saturday, following which they were given a guided tour of an exhibition of culturally-rich artefacts at NGMA, official sources said. The group was served millet-based dishes and they also sampled some street food, a source said. «First ladies from Turkiye, Japan, the UK, Australia and Mauritius, among others visited the exhibition at NGMA (National Gallery of Modern Art),» the source added. The source told PTI, «After lunch at Jaipur House, spouses of some world leaders enjoyed an exhibition hosted at the NGMA that opened today. The exhibition has been showcased especially for them.» The 'Roots and Routes' exhibition explores India's civilisational heritage, ethos and inter-connectedness. The NGMA, under the Union Ministry of Culture, boasts a rich collection of artwork, including paintings, sculptures and photographs. S Radhakrishnan, the then-vice-president, inaugurated the gallery at Jaipur House in 1954, according to the Azadi ka Amrit Mahotsav website.

G20 Summit, it's a meeting marathon for Prime MInister Narendra Modi as every guest leader wants to talk to the host. During the summit, PM Modi is holding 15 bilateral meetings with other heads of states. But summit conferences are not just about bilateral meetings.

cryptocurrency assets has gained momentum under the Indian G20 presidency, finance minister Nirmala Sitharaman said on Saturday addressing the media. However, she added that whether there will be a regulation or a complete ban will be decided following the G20 Finance Ministers and Central Bank Governors (FMCGB) in Marrakesh, Morocco scheduled to happen next month.

G20 Summit being held in New Delhi on Saturday, India's Finance Minister Nirmala Sitharaman announced that the intergovernmental forum had reached a consensus on strengthening multilateral development banks (MDBs) to make them «bigger, better and more effective.» «India's G20 presidency has crafted solutions that resonate with each member offering shared path forward for all,» Sitharaman said at a press conference shortly after the G20 adopted the New Delhi Declaration. Explaining the resolutions under the finance track, Sitharaman highlighted four major achievements that include an agreement to boost WB's financing capacity, and to form an independent panel of capital adequacy framework (CAF) for MDBs. The Finance Minister added that there would be an additional $200 billion headroom for lending in the next decade, post the implementation of CAF. «We endorse the G20 Roadmap for Implementing the Recommendations of the G20 Independent Review of MDBs Capital Adequacy Frameworks (CAFs) and call for its ambitious implementation, within MDBs’ own governance frameworks while safeguarding their long-term financial sustainability, robust credit ratings and preferred creditor status,» the New Delhi Declaration reads. During the press confernce, Sitharaman also talked of cryptocurrency, pointing out that India's presidency is brining a consensus on the matter. «A global consensus on regulating cryptos is emerging under India's presidency,» Sitharaman said, adding, «we have embedded in G20 agenda financial inclusion and productivity gains through digital public infrastructure.» Addressing the conference alongside Sitharaman was External Affaits Minister S Jaishankar, who said that the G20 has contributed to making «India

Carlos Alcaraz, the reigning world No. 1, clinched the Wimbledon trophy in a stunning victory over Novak Djokovic in a five-set thriller this past July, tennis enthusiasts around the globe have been yearning for a rematch on the grand stage, right here in New York. For the majority of the last fortnight, the prospect of this epic showdown in the US Open final seemed almost certain. Djokovic did his part by sweeping the first semifinal in straight sets against American Ben Shelton, sealing his place in the ultimate clash. However, the 2021 US Open champion, Daniil Medvedev, had a different script in mind, abruptly halting the 20-year-old Alcaraz's quest for a second consecutive US Open title. Medvedev's triumph came in a thrilling contest, concluding at 7-6 (3), 6-1, 3-6, 6-3 in the second semifinal. This victory sets up a highly anticipated rematch for Medvedev against Djokovic, the very player he defeated two years ago to secure his first and only major title.

Monthly Notices of the Royal Astronomical Society hints at the existence of a cluster of black holes within the Hyades star cluster. Situated in the celestial vicinity of our solar system, the Hyades cluster, if confirmed, would harbor the closest black holes to Earth ever detected. This groundbreaking study is the result of a collaborative effort led by Stefano Torniamenti from the University of Padua in Italy, with significant contributions from Mark Gieles, an ICREA professor at the Faculty of Physics, the Institute of Cosmos Sciences of the University of Barcelona (ICCUB), and the Institute of Space Studies of Catalonia (IEEC), along with Friedrich Anders from ICCUB-IEEC.

European Commission on Saturday urgedG20 countries to agree to global targets on tripling renewable energy capacity and doubling energy efficiency by 2030, seen as critical to limiting the global average temperature increase to 1.5 degrees Celsius. Addressing the «One Earth» session at the G20 Leaders' Summit in New Delhi, European Commission President Ursula von der Leyen emphasised the urgency of addressing climate change, saying: «Climate change is man-made. So, it means we can fix it.» She underscored the disproportionate impact of climate change, noting that G20 countries are responsible for a staggering 80 per cent of global greenhouse gas emissions, while Africa, with less than 4 per cent of emissions, is among the most affected. The European Commission president reminded the G20 countries that «we are about to miss our objective of limiting global warming to 1.5 degrees». «So, it is absolutely critical that we maintain our path of 1.5 degrees.

Binance, the world's leading cryptocurrency exchange, has been instrumental in aiding the arrest of key members of the Islamic State – Khorasan Province (ISKP), an affiliate of the global terrorist network ISIS. The operation was a joint effort between Binance, the Financial Monitoring Department under the National Bank of Tajikistan, and blockchain intelligence firm TRM Labs.

It is essential to know where your hard-earned money goes. Without knowing where you spend your money, it becomes difficult to manage your expenses. You will also not be able to reduce the cost where you are spending on non-essential things if you don’t keep a track of your spending habits. Fortunately, the digital age offers a plethora of tools that can help you take control of your finances like never before.

Top Performing Mid Cap Mutual Funds in 1 Year: Several Mid Cap Mutual Fund schemes have given over 20% returns in 1 year till September 5, 2023, according to data on the website of the Association of Mutual Funds in India. Data shows that the direct plan of 11 mid-cap schemes has given over 23% returns while the top-performing scheme in the one-year duration till September 5 has given 33% return.

Top Performing Small Cap Mutual Funds in 1 Year: Several Small Cap Funds have given over 30% returns in 1 year till September 6, 2023, according to data on the website of the Association of Mutual Funds in India (AMFI). Data shows that the direct plans of 9 small-cap funds have given more than 29% returns in one year while four funds have given a little over 28% return in this duration. The top-performing small cap fund in the one year till September 6 has given a 39.25% return to investors.

In today’s financial world, planning for the unexpected has become more important than ever. At the heart of this planning is insurance. Once just a safety net for life’s surprises, insurance has grown to be a core part of how we manage our money, plan for our future, and ensure peace of mind. Let’s explore how insurance is shaping the broader landscape of personal finance with Maya’s example.

Real estate, despite its inherent cumbersome nature, is one of the most popular investments in India. Since the basic investment for real estate is often high, the taxes associated with it also tend to be steep. However, smart planning can go a long way in bringing down the overall tax outgo on real estate to a bare minimum.

By Jonathan Stempel

By David Randall

Jimmy Buffett's last album, "Equal Strain on All Parts," is scheduled to release on November 3 via the Sun label. The album comprises 14 songs and features guest appearances from Paul McCartney, Emmylou Harris, Angelique Kidjo and the Preservation Hall Jazz Band. Three preview tracks, «Like My Dog,» «Bubbles Up,» and «My Gummie Just Kicked In» (featuring McCartney on bass), were released on streaming platforms last Friday. Buffett had been active in the studio throughout 2023 and reportedly completed the album before his cancer took a turn for the worse.

By Arathy Somasekhar and Jonathan Saul