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interest rates and resilient growth in 2024 took the S&P 500 stock index to a record high on Friday, after two roller-coaster years featuring soaring inflation, tumult in the banking industry and economic unease. The benchmark index topped 4,820 in the afternoon, as chipmakers and big technology stocks powered gains on optimism around artificial intelligence (AI). This put the index above its previous record intraday high of 4,818.62 set on Jan.

Walt Disney and Mahindra group officials have joined the Board of Directors of US India Strategic and Partnership Forum, which the organisation said is testimony to the success story of American companies in India and a growing presence of Indian conglomerates in the US. The two officials are Dorothy Attwood, senior vice president of Global Legal, Policy and Compliance for The Walt Disney Company, and Amarjyoti (Amar) Barua, Executive Vice President (EVP) of Group Strategy at the Mahindra Group to the Board of Directors, the US India Strategic and Partnership Forum (USISPF) said in an announcement. Attwood, in her current role, is responsible for the company's international legal and government affairs functions around the world, outside of the US, and leads strategic public policy initiatives as well as ESG and Sustainability globally across all business segments.

Nikki Haley hit back at former US president Donald Trump over his remarks questioning the former UN Ambassador's eligibility to run as president. «I know Trump well. He gets into name calling when he feels threatened and insecure. I'm not going to waste any energy on that,» Haley posted on X (formerly Twitter).

PPP) Chairman Bilawal Bhutto-Zardari on Friday refuted any chances of forming a coalition with Pakistan Muslim League-Nawaz (PML-N) after the February 8 general elections. Notably, the PPP and PML-N were major partners in the Pakistan Democratic Movement's (PDM) 16-month government that was formed after overthrowing the Imran Khan-led Pakistan Tehreek-e-Insaaf (PTI) government in April 2022.

oil output offset concerns about the Chinese and global economies. Brent futures settled 54 cents lower at $78.56 a barrel. U.S.

Another year, another awards show! InvestmentNews proudly presents the launch of our inaugural InvestmentNews Awards, and nominations for the top awards are now open.

A team of five advisors who managed almost $2 billion in client assets at Merrill Lynch has joined UBS Wealth Management USA, the firm announced last Friday.

Canadians are contributing less to a tax-free savings account (TFSA) while basic monthly living expenses have increased, according to a new survey by BMO.

worst single-day drops in months. The crash was led by HDFC Bank, who has the most weightage in both indices. He also wrote about the bearish stance taken by foreign portfolio investors (FPIs) — a move that is certain to cause more volatility this month.

By Julie Cazzin with Andrew Dobson

Jonathan Gitlin opened a can of mineral water, settled into a boardroom chair and apologized if he seemed at all sluggish, a perfectly understandable state to be in given he had just scarfed down a massive gourmet burger at a luncheon with some bankers and was fighting the coma-inducing after-effects.

Loss and Damage Fund (LDF) at COP28 has fulfilled a long-standing demand of developing countries. Many countries announced their contributions to the fund, cumulatively amounting to about $700 million. The term 'loss and damage' refers to: Stretched limits Impacts that go beyond the limits of adaptation and mitigation efforts, such as economic losses (damage to infrastructure and productive systems) and non-economic losses (loss of lives, livelihoods, cultural heritage and biodiversity). Slow and furious Slow-onset events like sea-level rise and ocean acidification, as well as extreme weather events like floods, droughts and storms. The decision to create LDF was taken at COP27 at Sharm el-Sheikh, Egypt.

By Nia Williams and Sabrina Valle

Jefferies downgraded Hertz (HTZ) to a Hold rating (From Buy) and cut their 12-month price target to $8.00 (From $12.00) as they believe EV repair issues, higher opex and DPU may limit the rental car company’s near-term profitability.

Amrit Udyan of the Rashtrapati Bhavan will open for public viewing from February 2 to March 31, an official statement issued on Friday said. People can visit the Udyan six days a week except on Mondays which are maintenance days, it said. They will be allowed to visit in six hourly slots between 10 AM and 4 PM, said the statement issued by the Rashtrapati Bhavan.

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State-run oil companies made a capital spending of Rs 89,000 crore in the first nine months of the current fiscal year as they enhanced new production and distribution facilities. The spending is about 84% of their combined capex target of Rs 106,000 crore for the current fiscal year, according to the oil ministry data. Indian Oil Corp, the nation’s top refiner and fossil fuel retailer, has been the biggest spender among state oil companies this year.

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₹218 to ₹230 per equity share of the face value of ₹10. EPACK Durable IPO raised ₹192.01 crore from anchor investors on Thursday, January 18, by allocating 83.48 lakh equity shares at ₹230.

RBL Bank Q3 Results: RBL Bank announced its October-December quarter results for fiscal 2023-24 (Q3FY24) on January 19, reporting a rise of 11 per cent in net profit ₹233 crore, compared to ₹209 crore in the year-ago period. The private sector lender's net interest income (NII) in the third quarter of current fiscal rose 35 per cent to ₹1,546 crore, compared to ₹1,277 crore in the corresponding quarter of the previous fiscal. The bank's gross non-performing asset (NPA) stood at 3.12 per cent, down from 3.61 percent recorded in the same quarter last year.

around 11 percent over the past two days on the back of disappointing December quarter (Q3FY24) results. Broader market optimism as well as global brokerage house CLSA's positive outlook led to the recovery. The stock rose around 2 percent to its intra-day high of ₹1,486.80.