Financial services continued to bear the brunt of unabated foreign selling as investors dumped shares of 5,344 crore in the first 15 days of February after selling around 25,000 crore in January. In 2024, they pulled out shares worth 58,280 crore from the sector.
Nationals Securities Depository has launched unified investor web and mobile applications SPEED-e, while Central Depository Services has launched MyEasi.
Besides catching hints of asset bubbles and sensing early signs of market disruptions by analysing patterns from historical data, macroeconomic numbers, and market behaviour, AI and ML models may come handy in 'stress testing' of banks. It could help regulators to be better positioned in ensuring that banks have enough capital to absorb shocks from slowing economy and plunging markets.
On average, it takes between 60 and 70 ounces of silver to equal the value of one ounce of gold. Currently, it would take 90 ounces of silver to buy one ounce of gold.
City planners said the framework will cut red tape for developers and increase housing density, hopefully allowing more residents to move into the transit-rich corridor.
The order, unanimously approved by the Illinois Commerce Commission, directs the utility to retire the remaining 1,000 miles of aging leak-prone cast iron and ductile pipes running under Chicago by 2035.
Heartland Alliance Health will remain open after annoucing plans to close its clinics in Englewood and Uptown and three food pantries earlier this month. A notice on Heartland’s website says: “We have exciting news! We are staying OPEN!!” The website says Heartland is contacting those who already received notice that the provider was closing, and […]
A group of Cook County prosecutors have filed a union petition with the Illinois Labor Relations Board after States Attorney Eileen O'Neill Burke missed a deadline their union set to provide voluntary recognition of their proposed bargaining unit.
