Uber's second-quarter results beat Wall Street estimates on the back of steady demand for its ride-sharing and food-delivery services, sending the company's shares up 5% on Tuesday.
The Telecom Regulatory Authority of India (TRAI) has directed telecom providers and telemarketing firms to address the issue of bulk robocalls made using 10-digit numbers. TRAI has asked companies to implement technical solutions to trace and block these calls. The regulator has also requested data on unregistered telemarketers with high complaint volumes from April to June.
Bangladesh, which saw its former Prime Minister Sheikh Hasina resign and flee on Monday amid protests and military pressure, has long struggled with political instability and faces significant challenges due to climate change.
State-owned Power Finance Corporation on Tuesday posted over 20 per cent rise in its consolidated net profit to Rs 7,182.06 crore in June 2024 quarter compared to a year ago, mainly due to higher revenues. The company reported a consolidated net profit of Rs 5,982.14 crore in the quarter ended on June 30, 2023, a regulatory filing showed.
Wall Street’s main indexes opened higher on Tuesday, buoyed by bargain hunting after a global stock decline and dovish Federal Reserve comments. The Dow, S&P 500, and Nasdaq all rose.
Kamala Harris has chosen Minnesota Governor Tim Walz, a progressive leader and former military member, as her vice-presidential candidate. Walz's experience spans being a Congressman and a Governor pushing for social reforms. This strategic move aims to capture both progressive and rural voters, crucial for the upcoming elections, particularly in battleground states.
Hindu litigants have filed a caveat in the Supreme Court to ensure they are heard if the Muslim side challenges a recent Allahabad High Court decision. On August 1, the high court dismissed the Muslim side’s plea against the maintainability of 18 cases related to the Krishna Janmabhoomi-Shahi Idgah dispute in Mathura, ruling that the religious character of the mosque must be determined.
Amazon India country head Manish Tiwary is set to step down in October. Details on this and more in today’s ETtech Top 5.
Saudi oil giant Aramco on Tuesday reported net profit of $29.07 billion in the second quarter, a slight drop from the same period last year as output remained subdued. But the cash cow saw its profits drop by a quarter last year because of lower oil prices and production cuts, and profits in the first quarter of this year were down 14.5 percent.
The rupee closed at a record low for the third consecutive day due to outflows in Indian equities and risk aversion due to signs of a growth slowdown in the US
During the April-June quarter, the company witnessed significant 62% year-over-year increase in total insurance premium, reaching Rs 4,871 crore. The new core online insurance premium surged by 66%, while new health and life insurance premiums experienced an even more substantial 78% growth. Additionally, the company disbursed Rs 3,100 crore in credit and issued 1.3 lakh credit cards during the same period.
The cost of a vegetable thali in Mumbai increased by 11% in July 2024 compared to June, reaching Rs 32.6 per plate, mainly due to higher tomato prices. Prices for non-veg thali also rose by 6% to Rs 61.4 per plate. Year-over-year, veg thali costs decreased by 4%, despite higher onion and potato prices.
The Supreme Court questioned IMA president R V Asokan if his apology over remarks made in an interview to PTI had been published in all relevant newspapers. Asokan stated it was regrettable the court criticized the association. The court emphasized the apology should be published personally and continued the hearing for August 27.
The US stock market has hinted that fears over possible recession have gripped the sentiments across. Here are parametres that may help determine whether US Recession 2024 fears are justified or not.
IDFC First Bank secured 1.65 lakh sq ft of office space at Oberoi Commerz III, Goregaon, in Mumbai on a five-year lease beginning January 2025. With a three-year lock-in period, the deal includes a 15% rent increase after 36 months. Monthly maintenance costs contribute to a total expenditure exceeding Rs 171 crore over the lease period.
Construction and infrastructure development company J Kumar Infra projects Ltd on Tuesday reported a 18.6 per cent rise in consolidated profit after tax (PAT) at Rs 86.41 crore for the quarter ended June 30, 2024.
There have been instances when athletes at the Olympic Games are seen biting their medals on the podium after receiving it. There have been questions around this action for decades now, as people wonder why the athletes try taking a bite out of their hard-earned medal. Is it good for the spirit of sports?
Sometimes stocks or positions owned for a longer period are sold to book profit or to exit it in anticipation of impending bearishness.
Air conditioning and commercial refrigeration maker, Blue Star reported an 89.5% growth in the standalone net profit of Rs. 146.06 crores in the first quarter ended June 2024, as compared to Rs. 77.07 crores in the corresponding quarter of the previous year.
At his Mar-a-Lago resort, Donald Trump increased the membership fee, raising suspicions that he might be selling access and power. Bringing up previous scandals and problems, ethical observers are concerned about the fallout if he is elected president once more.
The Indian asset management setup of the legendary investor William O’Neil, O’Neil Capital Management (OCM India), has launched a Category III Quant alternative investment fund (AIF).
Bengaluru-based space start-up Pixxel on Tuesday announced the launch of Aurora, its Earth Observation (EO) Studio, designed to make remote sensing analysis accessible for all. Developed entirely in-house, Aurora eliminates the steep learning curves associated with traditional software, offering a seamless and intuitive satellite imagery analysis experience.
A report by HirePro revealed a gap between colleges and companies on graduates' industry readiness. Colleges believed 70% of their students were prepared, while only 16% of companies agreed. Students emphasized the need for technical skills over CGPA and expressed entrepreneurial ambitions, though companies showed hesitation in hiring such candidates.
