Wellness Financial News

Virat Kohli dislodges bails after RCB's exit from IPL 2024 season; Netizens call it ‘heartbreaking’Du Plessis also said that while 180 was a par score on the "very slow" Narendra Modi Stadium pitch, the presence of dew in the second innings and the impact player rule meant that RCB ended up at least 20 runs short.He said, "With the dew coming, we felt we were short with the bat. Did think we were 20 runs shy of what was a good score.

Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says he does not think there is anything wrong with the results season so far. The bank stocks have been victims of FII selling who have been using the banking sector as a very liquid and large overweight or overweight to neutral stance which they had to fund some of their moves into China. Once the bank sector starts to move, there is going to be a lot of short covering and there is a lot of buying to make up for some of the positions which have been lessened over the last month-and-a-half particularly by foreign investors. Do you think the quietness in the markets is a pre-election event? Andrew Holland: We seem to be in this range, which everyone has been talking about. But interestingly, I have noticed some of the defence stocks are starting to move and construction companies as well. There is a feeling that, once the elections are through, we are going to see a whole bunch of ordering over the three months afterwards, whether it is for defence contracts or construction contracts.

The Securities and Exchange Board of India (Sebi) has changed its takeover regulations to shield acquirers from cost spikes in the event information of a merger and acquisition (M&A) plan gets leaked. From 1 June, when its new rumour verification framework comes into effect, the pricing formula for an open offer will be stripped of any spike that arises from the stock market getting whiff of a company’s control being in play. At one level, India’s top 100 listed entities will be mandated to confirm, deny or clarify market rumours in case of significant movements in their share price.

Sensex gained 267.75 points, or 0.36%, to close at 74,221.06, while the Nifty 50 ended 68.75 points, or 0.31%, higher at 22,597.80.“Despite weak global cues, markets moved in a range and were positive for most part of the trading session aided by selective buying in IT, FMCG and realty stocks. The mood is currently of utmost caution, as investors don’t want to risk taking major exposure to equity assets with a couple of weeks left for the poll outcome," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.Here are key global market cues for Sensex today:The Gift Nifty today morning is trading lower by more than 10 points from Wednesday close.

US Elections 2024: Donald Trump pledges to roll back Joe Biden's gun regulations“Having said that, I stand by what I said in my suspension speech," Haley added. "Trump would be smart to reach out to the millions of people who voted for me and continue to support me and not assume that they're just going to be with him.

Also Read: Wall Street today: US stocks drift ahead of Fed minutes, Nvidia drops as investors await earningsOn Wednesday, the fear gauge India VIX fell 1.6% to 21.5, indicating minimal volatility in the Indian stock market. With the domestic market's medium-to-long-term outlook remaining solid, investors' attention has shifted from election-related concern to stock fundamentals.According to a CNBC news report, members of the Federal Reserve expressed a lack of confidence in their ability to proceed with interest rate cuts down as they were increasingly concerned about inflation during their most recent meeting.The Federal Open Market Committee's April 30-May 1 policy meeting minutes, which were made public on Wednesday, revealed that policymakers were unsure of when it would be appropriate to ease.Also Read: Top Events on May 23: PM Modi in Punjab, Odisha on cyclone alert, heatwave in Delhi, and moreAccording to Parekh, the Nifty 50 has witnessed a steady rise in the last 3–4 sessions, reaching the 22,600 zone with bias maintained positive and with active participation witnessed from the broader markets as well in recent times.

Also read: Campus gloom at IITs on hiring lull, stagnant salariesA student at IIT Delhi who was placed in the first phase said that from every stream, some students are yet to be hired. "The placement team is reaching out to alumni several times, and students were asked to fill up forms on whether they would still want the placement team to get them a job so that the college can keep a track on who needs to be placed.

Trent Boult in the 4th over of the match. Meanwhile, Virat Kohli, who has been in excellent touch this season,couldn't make a big impact in the game as well and was eventually dismissed on a score of 33 in the 8th over of the match. Cameron Green (27 off 21) and Rajat Patidar (34 off 22) then stitched together a partnership for the next 5 overs but the wickets of Green, Patidar and Maxxwell in a short time frame gave a big jolt to the RCB, that couldn't recover from that point on.

China's military started two days of «punishment» drills around Taiwan on Thursday in what it said was a response to "separatist acts", just days after new Taiwan President Lai Ching-te took office and called on Beijing to cease its threats. China detests Lai, saying he is a «separatist», and it has denounced his inauguration speech on Monday. Chinese Foreign Minister Wang Yi this week called Lai «disgraceful». Lai has repeatedly offered talks with China but been rebuffed. He says only Taiwan's people can decide their future, and rejects Beijing's sovereignty claims.

The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of financial technology company Synapse, which acts as a middleman between financial technology companies an...

Karnal | Panipat: A former CM and the currentCM are in the fray in Karnal — one contesting for the Lok Sabha elections and the other for the state assembly bypoll. Manohar Lal Khattar, who was replaced as Haryana CM, is contesting the Lok Sabha election after resigning from Karnal assembly seat. His successor Nayab Saini is contesting the by-poll from the same assembly seat. But more than the CM and the former CM, it is the two other candidates — Congress' Divyanshu Budhiraja and NCP-INLD joint candidate Virender Maratha — who have created a lot of buzz in this constituency, where the BJP registered the second highest margin in the previous Lok Sabha polls. Karnal is seen as one of the better seats for the BJP which its precursor, Jan Sangh, had won for the first time in 1962. While Karnal is hub for rice millers, dairy players and the footwear industry, Panipat in a handloom industry centre.

Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the confidence to move forward on interest rate reductions.

India's electronics manufacturing services (EMS) into sharp focus:

Shwirkers — workers who shirk work — beware. You may very well be issued a show-cause notice for 'not taking interest in organisational work'.

Equitable has strengthened its wealth advisory presence in California with a pair of former Lincoln advisors, including a four-decade veteran of the industry.

British Prime Minister Rishi Sunak was due to address the nation on Wednesday amid mounting expectations that he will call a summer general election. Sunak's office confirmed that he would issue a statement statement after positive economic figures set Britain's political rumor mill alight with speculation that an election might be imminent. Multiple British media outlets said he would name a July 4 date for the election.

Nykaa Q4 Results: FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, announced its January-March quarter results for fiscal 2023-24 (Q4FY24) on Wednesday reporting a massive four-fold jump in the quarterly net profit attributable to shareholders on customer retention over heavy discounts. The net profit zoomed to 187 per cent to ₹6.9 crore in the fourth quarter of FY24, compared to ₹2.4 crore in the year-ago period.The Falguni Nayar-led company's revenue from operations in the March quarter rose 28 per cent to ₹1,668 crore, compared to ₹1,302 crore reported in the corresponding period last year.

Sunil Gavaskar heaped praises on the Royal Challengers Bengaluru for their «absolutely phenomenal» performance in the second half of the Indian Premier League 2024. Initially struggling at the bottom of the table, RCB staged a remarkable turnaround by winning their last six matches, concluding the league stage campaign in the top four with 14 points. In the first eight games, RCB secured only one victory against the Punjab Kings. This marks the fourth occasion in the last five seasons that RCB has reached the IPL playoffs.

RBI has transferred a record surplus of Rs 2.1 lakh crore to the central government for FY’2023=24 on account of windfall interest income from investment in overseas securities and income from LAF operations. . The huge windfall for the government puts in a much stronger fiscal position and opens up the possibility of a cut in borrowing. Banking system liquidity is also set to get a boost once the government resumes spending after the elections The windfall dividend is well above the Rs 1.05 lakh crore estimated in the the Interim Budget for FY2025 under dividends and profits, which also includes dividends from public sector banks and other undertakings.

While there’s still room for surprises, Canadian banks are set to report results after a second quarter that was notable for its economic steadiness.

Sentiment among U.S. workers about their financial wellbeing has improved in 2024, according to new research from Bank of America.