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Market News

Location American Market News for 3 January 2024
3 powerful mantras of investing in mutual funds: SIP, SWP and STP SIP allows investors to invest in mutual funds regardless of market conditions. STP allows investors to transfer investments between mutual funds. SWP allows investors to withdraw a fixed amount at regular intervals.
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FD rate hikes: Latest fixed deposit rates by 6 major lenders including SBI, HDFC Bank and ICICI Bank Banks, which have recently raised their term deposit interest rates, include Bank of Baroda (BOB), State Bank of India (SBI), DCB Bank, HDFC Bank, ICICI Bank, and Axis Bank.
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Fisher Investments in Sale Talks

Wall Street Journal - 3 Jan 2024 05:43
Advent International is in talks to acquire Fisher Investments, the money-management firm known for its ubiquitous advertisements.
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Stocks Fall in New Year

Wall Street Journal - 4 Jan 2024 01:29
Investors say the weak 2024 start is a natural result of the furious rally in stocks and bonds late last year.
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Cigna Nears Deal to Offload Medicare Business

Wall Street Journal - 3 Jan 2024 20:07
The insurance giant is in exclusive talks to sell the unit to Health Care Service Corp. for between $3 billion and $4 billion.
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What Gabby Gingras, the girl who feels no pain, means for the Indian investor As equity investors, today we face a problem similar to that of Gingras.
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How do I invest in mutual funds, diversify investment portfolio? It is important to align the investment avenues with the time horizon of your goals or you will not be making the most from your investments.
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AU Small Finance Bank introduces Mastercard Debit Card for corporate salary clientele; check key features AU Small Finance Bank has unveiled the Mastercard Debit Card for its Corporate Salary customers. The card offers discounts on movie tickets, dining, online food delivery, groceries, travel bookings, online shopping, and ...
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Utilities Get an Inflation Shock

Wall Street Journal - 3 Jan 2024 15:30
Electricity and gas providers are encountering a pushback on rate increases.
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With no upside left in mid and small caps; large cap mutual funds still a good buy in 2024: Report Investors are expected to keep their expectations lower from mid and small cap equity mutual funds. Driven by inflows from FIIs, stable macroeconomic indicators, the domestic equity market reported its best annual return...
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Tesla Faces a Higher Bar for Hype in 2024

Wall Street Journal - 3 Jan 2024 14:30
After more than doubling in 2023, the EV maker's shares are expensive, even relative to analyst profit forecasts--which probably need to be cut.
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Raise UPI transfer limit to ₹5 lakh by Jan 10, NPCI tells members: Report NPCI has instructed banks, payment service providers and UPI applications to increase transaction limits for hospitals and educational services, RBI, UPI new limit
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Welcome to the Neighborhood! Wall Street Designed it

Wall Street Journal - 3 Jan 2024 14:05
Big residential property investors are finding it harder to buy in good neighborhoods, so they are building new ones.
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Unleash your inner billionaire: How Warren Buffett's 5 powerful quotes can make you richer Buffett stands out as one of the most accomplished investors globally, renowned not just for his wealth but for the principles that form the foundation of value investing--a philosophy embraced by those patient enough to...
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Outlook 2024: 12 key reasons why the new year could be the year of savers and investors Calendar year 2023 has seen some record numbers in car sales which have crossed 4 million units for the first time in history. While we have made record spends on luxury in the year, we cannot afford ditching savings for...
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'Depressed' bosses urge Bank of England to cut interest rates - latest updates British executives have urged the Bank of England to cut interest rates as soon as possible to boost the economy as "depressed" confidence sank to a four-year low.
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6 key investing tips from Warren Buffett to start the New Year on a positive note These are the six key investing tips Warren Buffett has given investors through his famous letters to shareholders. Let us start the New Year on a positive note by imbibing these learnings
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How to achieve tax efficiency through life and health insurance plans? MintGenie explains Insurance can be a strategic tool for tax optimization, offering financial safety net and potential tax-saving benefits.
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Have an inoperative bank account? RBI issues set of clarifications. Details here A savings/ current account will be treated as inoperative if there are no customer induced transactions in the account for a period of over two years, reads the RBI notification.
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Tech's AI Hangover Might Just Be Getting Started

Wall Street Journal - 3 Jan 2024 09:02
Technology stocks opened the year with a selloff, after artificial-intelligence hype drove big gains ahead of actual business growth.
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Hong Kong's IPO Drought Casts Pall Over Region's Businesses

Wall Street Journal - 3 Jan 2024 09:01
A dearth of initial public offerings in Hong Kong is causing companies to suffer cash crunches and put off expansion plans.
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DCB Bank's Happy Savings Account rewards you with up to ₹7,500 cashback on UPI Accountholders with DCB have the opportunity to earn cashback of up to ₹7,500 annually for qualifying UPI transactions.
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