Page 2 - Financial Market

Citigroup to cut 20,000 jobs over the next two years to boost returns

The lender, which currently has 239,000 employees worldwide, will reduce that headcount by 20,000 as part of a sweeping reorganisation, Mason told reporters

Desperate retail investors drive India's futures and options craze

The Securities and Exchange Board of India's crackdown on social-media influencers peddling advice is a losing battle.

Two days before the deadline, one-third companies file financial statements

The MCA has asked stakeholders to file both these returns before the deadline on October 29

CBDC pilot projects show promising results: RBI governor Shaktikanta Das

Furthermore, Das said that the ongoing conflict in Ukraine has significantly influenced the central bank's recent strategies in combating inflation

Who is detained Evergrande founder Hui Ka Yan? His rise and fall explained

The move adds to questions over the future of the world's most indebted developer after setbacks to its restructuring plan in recent days roiled financial markets

Government bond and forex market to remain open on Thursday, Friday

The auction of government-dated securities scheduled on Friday, will now be conducted on Thursday, with settlement on Friday

Dubai's stock market hits an 8-year high, lifted by a real estate boom

Buoyed by a surge in real estate activity, the Dubai Financial Market has reached its highest point in nearly eight years and extended year-to-date gains to nearly 25 per cent. The city-state's bourse peaked at 4,022 on Tuesday before pulling back to 3,986 on Thursday. It's trading at the highest levels since August 2015. This year the Dubai Financial Market has outperformed the S and P 500, which is up nearly 20 per cent, and the MSCI All Country World Index, a benchmark for global equities, which is up 16 per cent. Dubai, a global business hub home to 3.5 million people, weathered the pandemic while keeping its vital tourism industry afloat. The latest real estate boom is driven in part by an influx of Russian investors following Moscow's invasion of Ukraine. Shares of Emaar Properties and Emaar Development led the recent gains following a four-day break for the Muslim holiday of Eid al-Adha at the end of last month. The state-backed developers are behind dozens of high-rise ...

India, UK hold first in-person financial dialogue meeting since 2017

'Scope for augmenting knowledge on CBDC through mutual learning explored'

DBS CEO Piyush Gupta's total pay for 2022 rises by 13% to $11.4 million

Gupta received a cash bonus of about S$5.8 million ($4.3 million) and a salary remuneration of S$1.5 million that contributed to an overall compensation of S$15.4 million for 2022

Will look into financial disclosures of Byju's, says ICAI president

Move comes in backdrop of Congress MP Karti Chidambaram's letter airing concerns over results

Belt-tightening measures key to surviving pink slip, say experts

Cautious spending, reduced debt burden, and opting for gig work can help

'It will continue to be a rough ride, with few places to shelter'

'It will continue to be a rough ride, with few places to shelter. Geographically and geopolitically the US, despite being in the middle of much of the turbulence, should continue to be an attractive '

Rajasthan govt approves financial assistance of Rs 100 crore for MSMEs

This scheme was announced in the state Budget 2022-23 to promote micro, small, and medium enterprises (MSMEs), and give loans on easy terms for small businesses and investors

Abrdn to offload 2% in HDFC Life in block trades, put 43 mn shares on block

Price range set at Rs 564.1-578.55 per share; sale could fetch UK-based financial major at least Rs 2,425.6 cr

Byju's to make financial results for 2020-21 public next week: Report

Edtech major Byju's is expected to make financial results for 2020-21 public next week after meeting with shareholders, according to sources privy to the development. The company had informed the Ministry of Corporate Affairs in July that it will announce its financial result on September 6. "Byju's has now obtained an unqualified report from our audit partner Deloitte. The board has approved the audited financial results. Byju's is waiting for the shareholder meeting (expected later this week) before announcing the results in the coming week. Byju's is also in the midst of a round and it hopes to share details of that equally soon," a source told PTI. The MCA had issued a notice to Byju's for the delay in filing the financial result. The company had posted around 82 per cent increasing operating revenue of Rs 2,381 crore in the financial year 2019-20 and its losses were Rs 262 crore. Byju's has set a target to close FY2023 with revenue of around Rs 17,000 crore. The company is l

India at 75: 12 landmarks for Indian markets between 2015 and 2020

From top rating for India's financial market regulatory framework to RIL becoming the first Indian company to top $200 bn in m-cap, here are the 12 biggest events for stock markets from 2015 to 2020

Asian stocks shuffle higher as Pelosi presses on amid tension with China

Hong Kong tech shares led the attempted rebound with a gain of 2.8%, reeling in some of the losses suffered as Sino-US frictions flared over a visit to Taipei this week by Nancy Pelosi

RBI takes steps to attract foreign flows, says growth prospects stay strong

RBI said that despite the headwinds from geopolitical developments, elevated crude oil prices and tighter external financial conditions, high frequency indicators point to an ongoing recovery in sever

Global economic growth risks jolt inflation-obsessed financial markets

The International Monetary Fund and World Bank fanned growth fears further last week when they cut 2022 global forecasts by nearly a full percentage point

Marc Faber's take on the approach to financial markets next year

Business Standard's Puneet Wadhwa talks to Marc Faber, editor and publisher of 'The Gloom, Boom & Doom Report' on how investors should approach the markets next year and his investment strategies