Chicago Fed prez Goolsbee warns against US Fed being overly restrictive
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Chicago Fed President Austan Goolsbee said the central bank would react to signs of weakness in economy 4 min read Last Updated : Aug 05 2024 | 11:42 PM IST Federal Reserve policymakers need to carefully monitor changes in the US economy to avoid being too restrictive with interest rates but right now signs […]
India Inc gives weakest performance on profit front in seven quarters
India Inc has reported a muted start to the financial year 2024-25, with a decline in net earnings and a modest single-digit uptick in revenues. An analysis of 488 companies that have released their results for the June 2024 quarter reveals a 1.6 per cent year-on-year (Y-o-Y) drop in combined net profit — […]
Muted treasury gains for banks in Q1 FY25 due to new investment norms
4 min read Last Updated : Aug 05 2024 | 11:37 PM IST Banks reported muted treasury gains in the April-June period of FY25 (Q1 FY25) following the Reserve Bank of India’s (RBI) revised norms on investment portfolios effective from April 1, 2024, despite the softening of government bond yields. “Banks have reported […]
Virginia Man Charged With Threatening Vice President Kamala Harris
“Kamala Harris needs to be put on fire alive,” said Frank Carillo (File) Washington, United States: A Virginia man was charged with making violent online threats against Vice President Kamala Harris days after she began her US presidential campaign. Frank Carillo was charged on Friday in federal court in Virginian with threatening the vice president […]
Fear-gripped equity investors lose Rs 15 trillion; Sensex, Nifty fall 2.7%
5 min read Last Updated : Aug 05 2024 | 11:34 PM IST The financial markets in India and elsewhere on Monday were rattled by developments in the US and Japan, two of the world’s leading economies with significant ties to the global financial system. Concerns about a potential recession in the US, […]
Market mayhem: India earnings yields now trading higher than US bonds
4 min read Last Updated : Aug 05 2024 | 11:32 PM IST Following the recent correction, the Indian equity market is now trading at a discount compared to the yield on the benchmark US 10-year government bond. The benchmark S&P BSE Sensex is currently trading at an earnings yield of 4.3 per cent, […]
Salman house firing: Debt-ridden shooter inspired by Bishnoi seeks bail
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Two motorbike borne-individuals — Gupta and Sagar Pal — had opened fire outside Khan’s Galaxy Apartment in the upscale Bandra on April 14 morning and fled, according to the police | (Photo: PTI) 3 min read Last Updated : Aug 05 2024 | 11:31 PM IST One of the shooters who fired outside Bollywood […]
Kamala Harris VP choice narrows to Tim Walz, Josh Shapiro: Report
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Harris closed out her search by interviewing three top candidates | Photo: Bloomberg 4 min read Last Updated : Aug 05 2024 | 11:28 PM IST Democratic presidential candidate Kamala Harris has narrowed her search for a vice presidential running mate to two finalists, Pennsylvania Governor Josh Shapiro and Minnesota Governor Tim Walz, three […]
Sheikh Hasina quits as Bangladesh PM, flees, lands in India on way to UK
In a sudden turn of events, Bangladesh Prime Minister Sheikh Hasina, 76, had to resign and flee Dhaka on Monday, following weeks of massive anti-government protests resulting in hundreds of deaths. On her way to London in a military transport aircraft C 130J, Hasina, accompanied by her sister, landed at Hindon Airport–an Indian Air […]
TikTok agrees to withdraw rewards feature after EU raised concerns
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TikTok made the commitment without conceding the feature violated the Digital Services Act. | Photo: Reuters 2 min read Last Updated : Aug 05 2024 | 11:19 PM IST TikTok has agreed to withdraw a rewards feature that raised concerns about its potential to encourage excessive screen time, particularly among children, the European Union’s […]