Shares of Dell Technologies rose 4% on Friday, after robust demand for its artificial intelligence-powered servers prompted the company to raise its full-year earnings and revenue forecasts.
Ever since the US Federal Reserve began acting up and began initiating regular interest rate hikes in order to combat inflation in the markets, there are serious concerns around stability of prices. Meanwhile, Peter Schiff, a popular economist at Euro Pacific Asset Management, expressed his doubts about the Fed's strategy shift in the future, that could put the US dollar in crisis, suggest reports.
Chief Minister Yogi Adityanath said Uttar Pradesh lacked a favorable business environment before his government took power in 2017. He distributed Rs 1,333 crore in incentives to 32 industrial units and highlighted the state's significant investments since then, attributing the improvements to his administration's policies and collaboration with Prime Minister Modi's vision.
With several of them playing prominent roles at the Venice Film Festival, older actresses are currently enjoying great success in Hollywood. This signifies a change in the business, as older actresses are experiencing notable success and age is no longer a barrier.
Floods in the UAE and early Eid, which saw festival season purchases being advanced to early April, hit order volumes for Brainbees Solutions, the parent firm of the baby and mother care product retailer. However, order volumes are now back on track, said CEO Supam Maheshwari.
The Watchers, directed by Ishana Night Shyamalan in 2024, has recently become available on streaming platforms after receiving a mixed response in theaters.
Wall Street's main indexes opened higher on Friday after a key inflation report reiterated price pressures were moderating, cementing bets for an interest-rate cut at the Federal Reserve's September meeting.
Andre Agassi, an eight-time Grand Slam winner, will visit India in January 2025 to launch the PWR DUPR Indian Tour & League, aimed at promoting pickleball. This initiative is a collaboration between The Times Group, Pickleball World Rankings, and Dynamic Universal Pickleball Rating. Agassi will help boost the sport's profile in India.
The Ministry of External Affairs in India has refuted a CNN report suggesting India's involvement in Bangladesh's flood situation. Spokesperson Randhir Jaiswal termed the report as misleading and factually incorrect, emphasizing that both nations have regular and timely data exchanges on water resources management. India cited power outages and excessive rains as causes.
The funds were raised by startups, largely in the early and late stages, across 86 rounds. In July 2024, startups raised around $718 million from 72 rounds.
Assam Chief Minister Himanta Biswa Sarma accused the Jharkhand government of keeping former CM Champai Soren under surveillance for six months. The accusation came amid the ex-chief minister's shift to BJP from JMM ahead of the state assembly elections. Sarma demanded a probe into the incident and announced a response in two months.
Unicommerce Esolutions reported a net profit of Rs 3.5 crore for the quarter ended June 30, 2024, which was up by 31% from Rs 2.7 crore reported by the company in the year ago period.
U.S. consumer spending saw a notable increase of 0.5% in July, maintaining economic momentum from the second quarter. Despite a rise in the unemployment rate, economists suggest that the Federal Reserve will likely avoid a half-percentage-point rate cut next month, as inflation remains above the central bank's 2% target.
Republican presidential nominee Donald Trump is set to speak at the Moms for Liberty annual gathering, promoting education policies like school choice and parental control. He aims to solidify his conservative base but risks alienating moderates. The group's influence has waned due to recent scandals and underwhelming electoral performance. The event comes as Trump continues his broader electoral campaign, including a rally in Pennsylvania.
US Presidential Polls: The U.S. presidential election involves primaries and caucuses, two distinct methods for selecting nominees. Primaries are managed by state governments and use secret ballots, while caucuses are run by political parties and involve public discussions and voting. States have various rules for these processes, and recent controversies have led to voter confusion. Understanding these methods is crucial for informed participation in the electoral process.
The Sensex rose 231 points to 82,365 on Friday. Notably, 11 stocks in the BSE Consumer Discretionary index reached 52-week highs, offering traders and investors valuable insights into current values and future price trends.
Aadhaar will streamline the KYC process for financial products by addressing document redundancies, according to a senior RBI executive. The National Payments Council of India is working on this mandate but needs more time for clarity. Meanwhile, fintechs are encouraged to innovate in cross-border solutions and engage with regulators if needed, he adds.
The US Federal Reserve's preferred inflation gauge remained constant in July, supporting expectations for upcoming interest rate cuts. The PCE price index rose to 0.2% monthly and 2.5% annually. This steady inflation, combined with economic fundamentals, suggests a possible 25-basis-points rate cut in September with further cuts in November and December.
Due to the seven-phase Lok Sabha elections, Chief Economic Advisor V. Anantha Nageswaran noted that GDP growth momentum stayed robust, explaining that the slowdown observed in the first quarter was expected because of the electoral process.
FirstCry reported a 17% jump in its April-June quarter revenue on year. This and more on today’s ETtech Top 5.
Indian conglomerates face a significant talent shortage which could impact expansion plans and growth. Key sectors like automobile, health, real estate, and construction are the worst hit. Companies like Tata Motors and L&T are investing in training programs to bridge the skill gap and equip their workforce with new-age skills.
The US Supreme Court's decision overturning Roe v. Wade and delegating abortion regulation to states has become a pivotal issue in the presidential campaign. Kamala Harris criticizes Trump for his role in this change, while Trump attempts to appease female voters by moderating his stance on bans and committing to subsidize IVF treatment and newborn care expenses.
Shriram Properties Ltd aims to double sales volume and triple revenues within three years, focusing on medium housing segments. The company has introduced a new brand identity, SPLNxT, to elevate its image. Plans include expanding in Pune, launching new projects in Chennai, and investing Rs 2,000 crore in upcoming projects.
