NASA stated on Thursday that it will continue assessing the performance of Starliner’s propulsion system in collaboration with Boeing before the shuttle’s return from the International Space Station (ISS). NASA and Boeing have not provided a new return date, which was previously rescheduled for June 26, following an initial postponement from June 14.
Oil prices responded to geopolitical tensions and supply disruptions, with concerns over fuel demand dynamics. The market saw gains in Brent and WTI futures amidst heightened uncertainties, while attention remained on the impact of geopolitical conflicts on oil supply. Anticipation of increased gasoline consumption over the July 4th weekend offered some relief amid persisting demand challenges.
The legal landscape shifted with the Section 1981 ruling impacting tech giants like Meta Platforms and Apple. Cases against biased hiring practices signal a push for fair employment. Conservative groups scrutinize diversity initiatives, while calls for federal investigations challenge companies like Tyson Foods. Upholding U.S. citizens' rights in employment remains a focal point in the evolving discourse.
Bharat Sanchar Nigam Limited (BSNL) has announced the monetization of its land parcels in Mangalore in an effort to bolster its financial standing. The two-acre land parcel adjacent to Kadri Park at Store Yard, near Kadri Hills on Park Road, is set for e-auction. The reserve price is set at Rs 39 Crores with an Earnest Money Deposit (EMD) of Rs 1.95 Crores.
Tech stocks like Amazon surged as market volatility persisted. Atlanta Fed President hinted at rate cuts amidst narrowing inflation. Micron's revenue forecast met mixed reactions, reflecting ongoing market uncertainty.
Wall Street's equity capital markets see a resurgence with IPOs and equity offerings surpassing $20 billion in the first half of 2024, marking the strongest start since 2021. Enhanced investor engagement and favorable market conditions signal a potential bounce-back year, encouraging companies like Lineage to pursue significant listings amid balanced valuation discussions.
A federal judge presiding over the classified documents case of former President Donald Trump granted the defense's request for a hearing to determine if prosecutors improperly breached attorney-client privilege. However, the judge denied a request for a hearing on a separate claim that the Justice Department had submitted false or misleading information for a search warrant at Trump’s Florida estate.
Anti-government protesters gathered in Jerusalem on Thursday, converging outside Prime Minister Benjamin Netanyahu's home. The demonstrators lit a bonfire and called for Netanyahu's resignation. "We've been abandoned - Elections now!" read one sign that rose above the crowd. Demonstrators yelled through megaphones, waved flags, and banged on snare drums, while police officers stood at barricades.
Prem Watsa's Fairfax Group divests 9.72% stake in CSB Bank, raising Rs 595 crore through block deals. Key buyers include Amansa Holding and institutional investors like ICICI Prudential MF and Abu Dhabi Investment Authority, reducing Fairfax's stake to 40% from 49.72%
Tesla claims that Elon Musk won his legal battle over his $56 billion pay package because shareholders voted for the compensation, according to a court filing made public on Thursday. This comes despite a judge rescinding it earlier this year.
Biden, 81, and Trump, 78, were under pressure to display their command of issues and avoid verbal stumbles as they sought a breakout moment in a race that opinion polls show has been deadlocked for months. Biden, in particular, has been dogged by concerns about his age and sharpness.
IndiGo has canceled all flights to/from Terminal 1 due to the partial closure of Delhi Airport caused by heavy rains. Delhi and NCR (National Capital Region) received incessant rainfall accompanied by thunderstorms and lightning beginning in the early hours of Friday.
Happy Friday! Paytm is steering clear of regulated businesses and will instead focus on building a strong distribution network. This and more in today's ETtech Morning Dispatch.
Friday is packed with risk events for markets after a relatively subdued rest of the week, with U.S. Democratic President Joe Biden and his Republican rival Donald Trump set to take the stage at 0100 GMT for their first debate of the year ahead of November's U.S. presidential elections.
Analysts said the sustained run-up in indices of late is part of the pre-budget rally, aided by renewed flows from foreign investors in June. The optimism, however, did not rub off on the broader market where there were more losers than gainers.
"Under the baseline scenario, the aggregate CRAR (capital to risk weighted asset ratio) of 46 major banks is projected to slip from 16.7% in March 2024 to 16.1% by March 2025," the RBI said in its June 2024 Financial Stability Report.
"With overall household savings declining to 18.4% of GDP (gross domestic product) in FY23 from an average of 20% of GDP over 2013-2022, and coupled with an increasing trend in financial liabilities, household debt warrants close monitoring from a financial stability perspective," the Reserve Bank of India (RBI) said in its latest Financial Stability Report released on Wednesday.
A major cyber incident in these IT service providers may in turn impact multiple regulated entities simultaneously, causing a cyberattack on a system-wide level. "In the recent past, multiple incidents involving payment and settlement systems have led to significant disruptions in interbank transactions and payment failures," the report stated.
Sagar Cements re-appointed S Anand Reddy as Managing Director and S Sreekanth Reddy as Joint Managing Director of the company for a period of three 3 years.
"The index would have the next target of 24500 level, as mentioned earlier, with 23500 zone maintained as the support as of now," said Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladher.
The illegal betting market, already thriving in India, is expected to grow by 30% in the coming years, as per a new study. Inadequate legal frameworks, selective banning, and high taxation on legitimate online gaming platforms seem to be key factors contributing to this trend.
US-based chip design company Synopsys will help Tata Electronics in multiple aspects of its fab facility—India’s first—coming up in Gujarat and its assembly and testing unit in Assam, chief executive Sassine Ghazi told ET. Ghazi also met with Tata Electronics CEO Randhir Thakur and Tata Sons chairman N Chandrasekaran in Mumbai. He held talks with Ola Cabs chief Bhavish Aggarwal in Bengaluru.
