Three Bank of America investment bankers in India have left the company as it probes allegations of wrongdoing over stock sales, a source familiar with the matter said. A whistleblower complaint alleged that Bank of America shared non-public information with some investors before it sold roughly $200 million worth of stock for some clients in India, according to a WSJ report in September.

The health of the U.S. consumer and the retail sector will be in focus in the coming week, as Black Friday kicks off a holiday shopping season that could shed light on how buyers are grappling with higher prices. The benchmark S&P 500 rose 1.7% in the past week and approached all-time highs as investors digested the end of a solid third-quarter corporate reporting season.

Equity markets recouped current week’s losses on the last trading session with a strong bounceback as investors used the bargain opportunity to accumulate beaten-down stocks. The strong rally on Friday meant that the benchmark Sensex closed the week nearly 2% higher. During the week, about 36 smallcap stocks have delivered double digit weekly returns.

PFC, Happiest Minds and NALCO among a host of other companies are likely to remain in focus this week as they are approaching their record dates for the purpose of dividend, bonus issues and stock split. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible, the shares should be in the demat account on the record date.

Realty firm Signature Global Ltd plans to launch multiple housing projects worth ₹50,000 crore in Delhi-NCR over the next three years as part of its expansion plan amid strong consumer demand. Signature Global, listed on stock exchanges, is one of the leading real estate firms in the country. It sold properties worth ₹7,200 crore last fiscal and is targeting to sell ₹10,000 crore this fiscal.

Oppo has brought back its high-end Find X series smartphones to overseas markets in a renewed international push, as Chinese Android handset vendors step up expansion efforts amid cutthroat competition at home. Oppo - the world's fourth-largest handset vendor by shipments last quarter, per research firm IDC - on Thursday held the global launch of its new Find X8 and Find X8 Pro in Bali, Indonesia.

On Friday, shares of Achyut Healthcare Ltd gained 1.49% to Rs 68 per share from its previous closing of Rs 67. The stock’s 52-week high is Rs 82.50 and its 52-week low is Rs 40.23. The Board of Directors of the Company has approved the following proposals: 📌A tock split in the ratio 10:1. 📌A bonus issue in the ratio of 4:10.

Indian Prime Minister Narendra Modi, whose country has seen huge foreign and domestic investor interest. Emerging markets, led by India, offer opportunities for bold investors, with valuations lower than developed markets, despite the MSCI Emerging Markets Index's poor performance, dragged down by China, with hidden gems like Mexico, South Africa, and Brazil offering promising returns.

On Friday, shares of Innovators Facade Systems surged 5.29% to Rs 189 per share from its previous close of Rs 179.50. The stock’s 52-week high is Rs 263.70 and its 52-week low is Rs 141.05. In line with this policy, IFSL has secured a substantial order from Prestige Mulund Realty valued at Rs 110 crore (including taxes), is expected to be executed within a 15-month timeframe from the commencement.

Jonjua Overseas Ltd is an Indian company involved in various sectors, including service exports, corporate consultancy, agriculture, and the sale of printed books. The promoters of the company sold 98,796 shares to 22.89 per cent in September 2024 compared to March 2024. The stock is up by 23 per cent from its 52-week low of Rs 9.40 per share with a PE of 9x whereas the industry PE is 40x.

Fixed deposits (FDs) offer a reliable, consistent long-term return on investments. YES Bank has revised its fixed deposit interest rates, decreasing the 18-month tenure rate to 7.75% from 8% for deposits under ₹3 crore, with rates ranging from 3.25% to 7.75% for regular citizens and 3.75% to 8.25% for senior citizens, effective November 5, 2024.

The Ayushman Bharat health insurance scheme has been extended to senior citizens aged 70 and above, offering free medical treatment up to ₹5 lakhs per family annually. Launched last week by Prime Minister Narendra Modi, the scheme is open to all seniors irrespective of their economic status. This initiative is expected to benefit approximately six crore senior citizens from 4.5 crore families.

With Delhi govt finalising the revised budget for the 2024-25 financial year, Delhi Metro Rail Corporation has written a letter to the chief secretary seeking Rs 7,200 crore for fulfilling various commitments including timely completion of new corridors under Phase-IV and remaining payment to contractors for Phase-III expansion.

Saudi Arabia’s sovereign rating was upgraded by Moody’s Investors Service for the first time since the company initially assessed it in 2016, driven by continued progress in the kingdom’s economic diversification and a better outlook for the non-oil sector. The agency moved Saudi Arabia’s rating up a notch, to Aa3 from A1, its fourth-highest grade, according to a statement late Friday.

In 2021, the first Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) hit the U.S. market. Following the launch, Morningstar analyst Ben Johnson told investors in no uncertain terms, "These aren't the Bitcoin ETFs you're looking for." That's because the first generation of Bitcoin ETFs buy and sell futures contracts, rather than investing in the cryptocurrency itself.