Ahead of Anant Ambani's wedding to Radhika Merchant, Nita Ambani visited the Kashi Vishwanath Temple to seek blessings and offer the first wedding invitation to Lord Shiva. The wedding is scheduled for July 12 at the Jio World Convention Centre in Mumbai. Pre-wedding festivities included a star-studded guest list, blending tradition with modernity, and featuring performances from global celebrities.
Furthermore, if all the cases from the National Cyber Crime Reporting Portal are included, the surge is even higher. Many frauds reported on the portal are not recorded as banking frauds because the money is transferred voluntarily to a third party masquerading as a merchant or service provider.
Asian shares subdued, yen at record low. Nasdaq tumbled, Dow Jones rallied. Chinese stocks slightly higher. U.S. PCE price index awaited. Investors cautious ahead of U.S. price data, U.S. presidential debate, French election.
Internal members maintain hawkish stance on inflation, with Governor Das cautioning against hasty actions for fear of worsening the situation
San Francisco Fed President Daly emphasizes caution in addressing inflation control and rising unemployment risks, highlighting the need to restore price stability without harming the economy.
Three top American lawmakers have raised concerns about the FDA's foreign drug inspection program in India and China. In a letter to FDA Commissioner Robert Califf, they highlighted inconsistencies in inspection outcomes from January 2014 to April 2024. Some inspectors reported no compliance issues in numerous inspections, while others found issues in almost every inspection. The lawmakers, Cathy McMorris Rodgers, Brett Guthrie, and Morgan Griffith, pointed out these discrepancies and called for... Читать дальше...
Big U.S. lenders brace for Fed stress tests evaluating capital resilience in economic hardships, impacting returns to investors amid challenges in regional lending and commercial real estate.
Stocks that were in focus include names like Raymond, which rose 3.6%, JK Paper, which gained 4.3%, and MapmyIndia, whose shares declined 4.84% on Monday.
The Biden administration is investigating China Mobile, China Telecom, and China Unicom over concerns they could misuse access to American data through their U.S. cloud and internet services by sharing it with Beijing. The Commerce Department is leading the probe, which has completed "risk-based analyses" of China Mobile and China Telecom. These companies, despite being barred from providing certain services, still offer cloud and internet routing services in the U.S., posing potential national security risks. Читать дальше...
Gold prices impacted by Japan Chain Store Sales YY for May and upcoming US Consumer Confidence in June.
The Dow reached a one-month high, but the Nasdaq fell over 1% as investors shifted from AI-linked stocks. Federal Reserve rate cuts were anticipated, impacting market movements.
Tata Play’s net loss for fiscal 2024 surged more than threefold due to heightened competition in its direct-to-home (DTH) TV distribution business. The company reported a net loss of Rs 354 crore for the fiscal year ended March 31, compared to Rs 105 crore the previous year. Revenue from operations fell by over 4% to Rs 4,304 crore, while expenses rose 1.47% to Rs 4,761 crore. The DTH segment posted a net loss of Rs 247 crore, while the broadband business saw a narrower net loss and a 27% revenue increase.
Flipkart considered buying a stake in Swiggy months ago amid the rise of quick commerce. This and more in today’s ETtech Morning Dispatch.
Wipro chairman Rishad Premji expresses confidence in new CEO Srini Pallia's leadership, foreseeing a bright future for the IT services company under Pallia's guidance.
Russian President Vladimir Putin’s recent visits to North Korea and Vietnam carry a dual message: reinforcing Moscow’s presence in East and Southeast Asia and signaling to Beijing that Russia is not a subordinate partner. Putin aims to show that Russia has strategic options, countering China's influence. Prof. James Curran notes that Putin's engagement with nations having complex relations with China, like North Korea and Vietnam, highlights his intent. In Hanoi, Russia proposed joint energy projects and nuclear power development... Читать дальше...
Delhi Water Crisis: Delhi Minister Atishi was hospitalised after her health deteriorated during a hunger strike protesting Haryana's refusal to release Delhi's share of water. Atishi has been fasting for five days, resulting in dangerously low blood sugar and blood pressure levels. The AAP claims that Haryana is supplying 100 million gallons less water daily, impacting 28 lakh Delhiites amid severe heat. Atishi vows to continue her strike until Delhi's water rights are restored.
