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"The FTC and SEC should immediately open investigations and, if the reporting is accurate, pursue vigorous enforcement action where appropriate" to force Meta to disgorge profits, pay penalties and agree to cease running such advertisements, Josh Hawley and Richard Blumenthal wrote in a letter to the federal agencies.
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News and Media
The Reserve Bank of India likely intervened before the local spot market opened on Monday, and intermittently thereafter, helping the currency hold above its all-time low, traders said
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News and Media
Indian stock markets are near record highs. Analysts suggest buying on dips, expecting support around 25,600 to 25,800. The market is outperforming global peers. Banking, auto, and IT sectors are favored. Union Bank and Adani Port are highlighted as potential stock picks. Investors are advised to use volatility for portfolio building.
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News and Media
Attractive valuations in the IT sector are drawing investor attention despite patchy short-term fundamentals, with outsourcing opportunities remaining intact. Consumer durables and retail stocks show continued potential driven by urbanization and a growing middle class. Private banks are also appealing due to attractive valuations and stable asset quality, with earnings expected to recover.
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News and Media
India's new labor code, effective November 21, imposes a new cost burden on food delivery giants Swiggy and Eternal, potentially impacting margins by up to 70 basis points. The regulation mandates contributions to a social security fund for gig workers, leading to an estimated financial hit for both companies and potential stock volatility as investors assess the impact.
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News and Media
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