The US stocks have recently tumbled down and depicted a downward trend, leading to a recession-sized rate cut by the Bank of America, as per latest reports. Is this heading towards a major US recession, having adverse and long term impacts? Here's what you should know
A forged document asserting that Travis Kelce and Taylor Swift's relationship would terminate on September 28 went viral online.
Virat Kohli emerged as the highest tax-paying sportsperson in India for FY24, contributing Rs 66 crore. He ranks fifth among celebrity taxpayers, following Shah Rukh Khan, Vijay, Salman Khan, and Amitabh Bachchan. Other notable sportspersons on the list include Mahendra Singh Dhoni and Sachin Tendulkar.
The World Employment and Social Outlook report, released by the ILO on Wednesday, says the global labour income share fell by 0.6 percentage points from 2019 to 2022 and has since remained flat putting upward pressure on inequality, suggesting nations should come up with comprehensive policies to ensure that the benefits of technological progress are broadly shared.
The BJP has secured dominance in the MCD zonal ward polls, winning key posts in seven of 12 zones. The AAP managed to win in five zones. Voting was not held in three zones due to lack of candidates from both parties. The elections were held smoothly under heavy security.
Sam Pitroda, a confidant of the Gandhi family, describes Rahul Gandhi as more intellectual and strategic compared to his father Rajiv Gandhi. He asserts that Rahul has qualities of a future prime minister and dismisses BJP's criticism of him. Pitroda highlights Rahul's commitment to India's democratic ideals.
The CBI has filed a new FIR against former Maharashtra home minister Anil Deshmukh for allegedly framing BJP leaders in false cases. The case stems from a pen drive given to the Maharashtra Assembly speaker by Devendra Fadnavis. The FIR also names other officials involved in the alleged conspiracy.
Historically, September hasn't been kind to these three banks. BoI has seen declines in 9 out of the last 10 Septembers, while SBI and Bank of Maharashtra have fallen 8 times each during the same period. On average, their September returns are negative, with BoI at -7.7%, SBI at -3.4%, and Bank of Maharashtra at -3.7%. The most significant drop occurred in 2020, during the Covid-19 pandemic, with losses ranging from 18% to 23%.
Wall Street's main indexes opened lower on Wednesday as fresh worries over the health of the U.S. economy kept investors on the sidelines in the run-up to labor data.
While addressing an election rally in Ramban ahead of the Jammu and Kashmir Assembly Election, the Congress leader said, "For the first time in the history of India, statehood has been snatched away. Union Territory was first made a state... A state has been abolished and the rights of the people have been snatched away. First of all, the statehood of Jammu and Kashmir has to be returned because not only your state has been snatched away, your rights, your wealth, everything is being snatched away... Читать дальше...
The Muslim side has approached the Supreme Court against the Allahabad High Court's decision to reject their plea on the Krishna Janmabhoomi-Shahi Idgah dispute in Mathura. The high court ruled that the religious character of Shahi Idgah needs to be determined, dismissing the contention that the suits violated the Places of Worship Act.
Vedanta's long-term ratings were upgraded by ICRA following successful fund-raising efforts, including a $1 billion QIP and $400 million OFS of Hindustan Zinc shares. These moves are expected to improve credit metrics and reduce debt, enhancing financial flexibility.
Prime Minister Narendra Modi arrived in Singapore and met his counterpart Lawrence Wong. He highlighted India's reforms and youth talent as key investment attractions. Modi's visit aims to strengthen India-Singapore ties in areas like advanced manufacturing, digitalization, and sustainable development. Several MoUs are expected to be signed during the visit.
The family of a victim of West Bengal's 2021 post-poll violence has approached the Supreme Court, challenging a Calcutta High Court order that granted bail to two accused. The petition highlights threats and intimidation faced by the family and questions the High Court's findings.
Suzlon Energy has sold its Pune headquarters, One Earth, for Rs 440 crore to OE Business Park Pvt Ltd and leased it back for up to five years. This move is part of Suzlon's strategy to monetize non-core assets and reinvest in its core business, supporting its growth and expanding orderbook.
Long unwinding is when investors sell stocks they've held for a long time, either to lock in profits or because they expect the market to decline. On Wednesday, five stocks experienced long unwinding.
Standard Chartered Bank has carried out the maiden over-the-counter derivative deal for hedging gold price risk from the Gujarat International Finance Tec-City (GIFT City), around two months after the International Financial Services Centres Authority (IFSCA) permitted such transactions.
The Delhi Metro's Rithala-Narela corridor will be extended to Kundli-Nathupur in Haryana, covering a total length of 23.73 kilometers. The extension aims to connect rural areas on the Delhi-Haryana border to the main city, enhancing public transport options. The proposal will be sent to the Centre for approval.
Brick-and-mortar retailers are crying foul as they face off against ecommerce players this festive season. This and more in today’s ETtech Top 5.
India's textile industry is projected to grow to $350 billion by 2030, creating 3.5 crore jobs, according to textiles minister Giriraj Singh. The Bharat Tex 2025 event aims to boost India's global sourcing and investment appeal, featuring over 5,000 exhibitors and attracting international buyers and speakers.
According to Nagaraj Shetti of HDFC Securities, the Nifty is currently hovering around the critical support level of 25,000, which coincides with both an ascending trend line and the 10-day EMA. The daily chart displays a bullish pattern, characterized by higher highs and higher lows.
The funding underlines how some investors are still willing to make outsized bets on exceptional talent focused on foundational AI research. That's despite a general waning in interest towards funding such companies which can be unprofitable for some time, and which has caused several startup founders to leave their posts for tech giants.
