The Federal Reserve has significantly raised interest rates, but is still proceeding cautiously as inflation eases. Despite this, market expectations lean heavily towards a rate cut in September, creating a significant gap between market predictions and the Fed's current stance. This uncertainty about the future direction of monetary policy is impacting the precious metals market.
Bihar CM's aide Ashok Choudhary criticized Lalu Prasad's family, including Rabri Devi, for attending Anant Ambani's wedding amid their criticism. Tejashwi Yadav confirmed the invitation. Choudhary praised CM Nitish Kumar’s humility at Patna expressway dedication aimed at easing traffic. He referenced corruption cases against RJD leaders, defending Kumar's Bihar growth initiatives.
Ravichandran Ashwin's autobiography, 'I Have The Streets- A Kutty Cricket Story', is a collection of humorous anecdotes and insights into the life of Indian cricketer Ravichandran Ashwin. The book, co-authored by senior journalist Sidharth Monga, covers Ashwin's journey from his formative years to India's 2011 World Cup win.
Maruti Suzuki, Divis Labs, Coal India Ltd, Asian Paints and BPCL were among the top losers on NSE in today's trade.
India offers a plethora of stunning locations for a destination wedding, each offering unique charm and beauty. Here are six top picks:
India's foreign exchange reserves reached a record high of $657.16 billion as of July 5, marking a significant increase of $5.16 billion from the previous week. This surge was driven by a rise in Foreign Currency Assets (FCAs), which grew by $42.29 billion to $577.11 billion. FCAs include holdings in currencies like the euro, pound, and yen, adjusted for their exchange rate fluctuations against the US dollar.
India vs Zimbabwe 4th T20 Live Streaming: India's young cricketers, led by Shubman Gill, aim to secure the T20I series against Zimbabwe in Harare. After bouncing back from an initial defeat, they lead 2-1 with standout performances, including Abhishek Sharma's century. The fourth T20I will be live on Sony Sports and Sony Liv on July 13 at 4:30 p.m. (IST).
Both sides undertook a detailed review of recent developments in bilateral trade and economic cooperation and noted that the relationship has a huge potential to be scaled up even further, the Commerce Ministry stated.
Kolkata Airport has introduced DigiYatra, a contactless airport experience, to reduce boarding times by half in three out of five flights departing from the airport. The system uses facial recognition technology to streamline check-in, security clearance, and boarding without physical documents.
AMJ Land Holdings, Railtel Corp, HPL Electric Power, IFCI and Cantabil Retail, hit their fresh 52-week highs during the day.
The Karnataka government is planning to extend social security benefits to platform-based gig workers in Bengaluru. Tech firms have raised concerns, leading to a wider consultation. The proposed bill may include a fee on online transactions to fund welfare expenditure. The initiative follows discussions with various platforms and aims to protect workers' rights.
Development of North Eastern Region Minister Jyotiraditya M Scindia aims to facilitate the realisation of states' aspirations, emphasising showcasing the region's rich heritage and natural resources. He highlights increased budgetary outlay, infrastructure developments, and advancements in social sectors over the past decade. Scindia plans to meet with Meghalaya Chief Minister to discuss tailored development strategies, combining direct DoNER schemes with initiatives from other ministries to leverage the state's strengths.
The Nifty Auto index closed 0.44 per cent down at 25145.45.
Net income fell to $4.91 billion for the three months ended June 30, versus $4.94 billion, a year earlier, the lender reported on Friday. On a per shares basis, the company reported $1.33, compared to $1.25 a year earlier.
The Nifty Realty index closed 1.5 per cent down at 1093.2.
Axis Bank has notified its customers through email and SMS that there could be disruptions in their banking services on the internet banking and mobile banking platforms. This is due to the ongoing transition of Citi's consumer business in India to Axis Bank, which is in its final stages.
The Nifty Bank index closed 0.02 per cent up at 52278.9.
France's CAC 40 outperformed its European peers, rising 0.7% after a volatile week of elections, where leaders of the left-wing New Popular Front are currently discussing potential candidates for prime minister.
Wall Street banks are also seeing an uptick in fee income from advising on M&A deals as companies become more confident on the U.S. economy's ability to avoid a major downturn.
IAS officer Puja Khedkar, a 2023 batch officer, is facing an investigation for misuse of power and manipulating disability and OBC quotas. Under scrutiny by Manoj Kumar Dwivedi, she was transferred to Washim for aggressive behavior in Pune involving Ajay More. Khedkar allegedly used a red beacon on her private Audi. Criminal charges could ensue.
The Centre announces four rounds of NEET-UG counselling starting in July. Affidavit states cancellation of cheating students' candidature. Results of the exam declared on June 4.
In 2007, 14-year-old Reese Thomas, encouraged by classmates, stole 'Deathly Hallows' due to financial constraints. J.K. Rowling praised him in '90s Kid'. At Muvattupuzha's New College Bookstall, he paid for and autographed the book. Raised in a Catholic family and influenced by films, he’s now an assistant director in the Malayalam film industry.
The NSE Nifty index closed 186.21 points up at 24502.15
The Indian government has announced that June 25 of every year will be observed as 'Samvidhaan Hatya Diwas' to commemorate the dark days of the 1975 Emergency. The Emergency was declared on June 25, 1975, following which there was "gross abuse of power by the government of the day and people of India were subjected to excesses and atrocities."
