BUSINESS
Germany Nears Recession Threshold, Reports Destatis
Destatis President Ruth Brand highlighted the fragile economic development, noting a sluggish performance at the start of the second half of the year, following nearly stagnant economic output in the initial two quarters.
India's Forex Reserves Surge by $5 Billion in a Week
This increase comes after a slight dip in the forex reserves by $462 million, recorded in the preceding week that ended on November 10, bringing the reserves down to $590.32 billion.
CJI Says SEBI Cannot Take Action Against Entities Solely Based on News Reports
The Supreme Court noted that the Securities and Exchange Board of India (SEBI) cannot be expected to base its findings on newspaper reports.
Mumbai-Ahmedabad Bullet Train Project Milestone, 100km of Viaducts, 250km of Pier Work Completed
Providing a detailed timeline, the NHSRCL disclosed that the first girder was launched on November 25, 2021, followed by the completion of the initial kilometer of viaduct by June 30, 2022, achieved within a span of six months.
New India Assurance Stock Surges 17% in Market Rally
Life Insurance Corporation of India (LIC) witnessed a 7% increase, reaching Rs 662. The positive momentum in PSU insurance stocks comes as GIC (General Insurance Corporation) reported that a rating agency has re-affirmed existing ratings and assigned an India National Scale Rating (NSR) to GIC.
Nifty Dips Amidst Banks' Poor Performance Impact
He underscores that the Nifty's performance is influenced by the underwhelming performance of banks, which carry substantial weightage within the index.
Q3 Report Shows India's Smartwatch Shipments Surge by 21%, Fire-Boltt Takes the Lead
One of the notable aspects was the surge in domestic manufacturing, reaching an all-time high market share of 82 percent, a remarkable increase from just 4 percent a year ago.
RBI Urges Banks to Strengthen Cybersecurity Amidst Rising Fraud Cases
In his address at the FIBAC 2023 conference, Rao highlighted the rapidly evolving banking landscape, emphasizing the rise in financial inclusion, customer access, product diversity, and convenience.
Anticipating Market Breakout: Potential Triggers Await in State Election Results
He speculates that confirmation of political stability post the 2024 General Elections through the state election outcomes could initiate a pre-election rally.
Crypto Exchange Genesis Faces Legal Battle, Sues Gemini for $689 Million Recovery
According to CoinDesk, Genesis has accused Gemini, owned by the Winklevoss twins, of making substantial withdrawals just before Genesis filed for bankruptcy.
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