Assam Chief Minister Himanta Biswa Sarma announced the upcoming construction of a 1,000-MW Solar Power Project in Karbi Anglong. This comes after the laying of the foundation stone for a 25-MW solar power generation project at the Namrup Thermal Power Station in Dibrugarh district. The joint venture between Assam Power Generation Corporation and Oil India Limited will cost Rs. 115 crores and is expected to produce 50 million units of electricity annually upon completion in July 2025.
Prime Minister Narendra Modi had a brief conversation with Canadian Prime Minister Justin Trudeau amid strained bilateral ties over the killing of Khalistani extremist Hardeep Singh Nijjar. Modi also met with US President Joe Biden at the G7 summit in Italy, expressing continued cooperation between India and the USA. The details of the conversation between Modi and Trudeau are not known, but they were seen warmly greeting each other.
Goldman Sachs Group Inc. raises S&P 500 year-end target to 5,600, reflecting optimism for earnings growth and the US economy.
Eid bank holiday June 2024: Many public and private banks in India will be closed on Monday, June 17, 2024, for Eid ul-Adha. Let us take a look at the full state-wise bank holiday list for Eid ul-Adha on Monday, June 17.
International investors are flooding American markets with $30 billion in stock funds, mainly targeting US tech shares. The S&P 500 and long-dated Treasuries are outperforming global markets amid economic and political uncertainties.
The US military destroyed two Huthi uncrewed surface vessels, one drone, and seven radars in the Red Sea. The Huthis, backed by Iran, have launched numerous drone and missile strikes in retaliation od the Israel-Hamas conflict. This has prompted coalition forces' reprisal strikes and the formation of an international coalition to safeguard shipping lanes. The move has caused casualties and humanitarian crises in Yemen.
Prime Minister Narendra Modi met with Italian Prime Minister Giorgia Meloni on Friday at the end of his day-long visit to Apulia in southern Italy. During the meeting, he expressed his gratitude to Meloni for inviting him to the G7 Summit.
Investors may be disappointed as currency volatility is expected to remain low despite initial signs of turbulence. The market reacted to weak inflation data and Powell's rate cut projection, causing the FX Volatility Index to fall. Traders now anticipate narrow currency ranges over the summer.
IIT Kharagpur student found dead in hostel room two years ago was murdered, not suicide. Family seeks SIT investigation. Second autopsy reveals gunshot wound, stabbing, and chest injury.
Central bank decisions in Britain, Switzerland, and Norway will show the rate cutting trend, while retail sales data from the US and China will indicate consumer health. Europe gears up for the Euros 2024 tournament in Germany. Investors are monitoring cocoa supply issues in Ivory Coast, Ghana, and other countries like Brazil.
Speaking to thousands of supporters at a convention center in West Palm Beach, Florida, the Republican candidate vowed to further cut the corporate tax rate he lowered while president, while also providing tax relief to the middle class. Trump, who is locked in a close rematch race with President Joe Biden, a Democrat, did not provide specifics.
Federal Reserve Bank of Chicago President Austan Goolsbee expressed relief over cooling inflation in May but prefers more months of data before cutting interest rates.
Elevated U.S. interest rates are impacting the U.S. retail sector, with some stocks soaring while others struggle. The S&P 500 Consumer Discretionary index is up 14%, driven by select stocks, like , which is up 21%. However, lower-income focused companies, like Dollar Tree and Dollar General, have faced declines.
"The child was pulled out from the borewell at 5:10 am and taken to the Amreli Civil Hospital where she was declared brought dead," Fire Officer HC Gadhvi said today.
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Pichai is the highest-profile witness to testify so far in the trial of Carlos Watson, the founder of Ozy who is accused of misrepresenting his company's financial results, funding and audience data to investors and lenders from 2018 to 2021.
One scenario Altman said the board is considering is a for-profit benefit corporation, which rivals such as Anthropic and xAI are using, the report said, citing a person who heard the comments.
India's second-biggest car maker behind Maruti Suzuki, Hyundai will not issue new shares in the IPO which will involve its South Korean parent selling part of its stake in the wholly owned unit to retail and other investors via a so-called "offer for sale" route.
New Zealand secured their first victory in the T20 World Cup by defeating Uganda by nine wickets. Tim Southee's impressive bowling performance played a crucial role in restricting Uganda to a low score of 40.
The Dow Jones Industrial Average fell 57.94 points, or 0.15%, to 38,589.16. The S&P 500 lost 2.14 points, or 0.04%, at 5,431.6 and the Nasdaq Composite added 21.32 points, or 0.12%, at 17,688.88.
The entire space, some of them have gone to 5x, so never write it off. And I think valuations are reasonable in some of the large names like HCL Tech, even a bit of Tech Mahindra with new leadership coming in. But I think the focus has to shift from services to more products, software and platforms.
Pope Francis, in his address at the G7 leaders' Summit in Italy, emphasized the dangers of artificial intelligence (AI) and called for a ban on 'lethal autonomous weapons'. The 87-year-old pontiff, attending his first Group of Seven meeting, highlighted the importance of human judgment in decision-making, cautioning against a future where people are reliant on machines for choices that impact their lives.
