Usa Financial News

According to the press release published on Sept. 13, the fund will possess a $100 million investment budget with Krating Poonpol, a Chairman of KBank Business Technology Group, in charge of the enterprise. In Poonpol’s words:

The United States Securities and Exchange Commission (SEC) charging nonfungible token (NFT) project Stoner Cats sparked feedback from commissioners Hester Peirce and Mark Uyeda, arguing that the project’s activity constitutes fan crowdfunding, which they believe is common for artists. 

Tata Consultancy Services (TCS) is looking to tap overseas markets, particularly the US, to promote locally developed and manufactured fifth generation, or 5G, radio network gear on the backdrop of Centre’s ambition to 'make in India for the world' to overcome supply chain disruptions. “The N78 5G radios designed by Tejas Networks may be qualified for all greenfield and brownfield 5G opportunities that present themselves to the company globally including that in the US,” TCS chief operating officer NG Subramaniam told ETTelecom. Developed by Saankhya Labs, the N78 radio, compatible with 3300 MHz spectrum band, is being currently manufactured by Bengaluru-based Tejas Networks, which acquired the telecom startup early last year. In 2021, Tata Sons acquired homegrown telecom gear maker Tejas Networks.

cruise ship carrying 206 people that ran aground in the world's northernmost national park in Greenland has failed after trying to use the high tide, authorities said. It was the third attempt to free the MV Ocean Explorer.

Wholesale price inflation remained in the negative territory for the fifth straight month in August at -0.52%. In July, the WPI inflation was at -1.36%. The negative rate of inflation in August this year is due to fall in prices of mineral oils, basic metals, chemical products, textiles and food products as compared to the corresponding month of previous year, according to the data by the Ministry of Commerce & Industry.

Consulate General of India in San Francisco has raised concerns over the handling of an Indian-origin woman, Jaahnavi Kandula, who was killed by a police vehicle, and has also demanded a through investigation and action against those involved. Jaahnavi Kandula, daughter of a single mother hailed from Andhra Pradesh. She was pursuing her master's degree at Northeastern University in Seattle and went to the US in 2021 from Bengaluru on a student exchange program.

Coinbase CEO Brian Armstrong has expressed his endorsement of decentralized finance (DeFi) protocols. In a recent social media post, Armstrong urged the DeFi protocols to consider legal proceedings in court to set a precedent, as the legal system has consistently demonstrated its dedication to upholding the rule of law. The current approach is mainly pushing a crucial industry toward overseas jurisdictions, he said.

Fitch Ratings said today. The global rating agency left India's fiscal 2024 growth aim unchanged at 6.3% and also said the world economy in 2023 is likely to grow faster than estimated earlier. However, the agency said the deepening slump in China’s property market is casting a shadow over global growth prospects. Fitch raised its forecast for world growth in 2023 by 0.1 percentage point to 2.5%. «We have raised US growth by 0.8pp to 2.0%, Japan by 0.7pp to 2.0% and EM ex.

Picasso masterpiece, the late Spanish painter's "Femme a la montre" from 1932, is expected to fetch at least $120 million, Sotheby's announced Wednesday. The painting, which depicts Picasso's mistress wearing a watch, will be sold as part of a two-day auction of late New Yorker Emily Fisher Landau's prestigious collection. Other works up for sale include pieces by Jasper Johns, Willem de Kooning, Mark Rothko and Andy Warhol. Fisher Landau, a longtime board member of the Whitney Museum of American Art in New York and a renowned art patron and collector, passed away in March at age 102. Sotheby's said in a statement that around 120 pieces from her collection would be for sale and «estimated to bring well over $400 million» in total, with «Femme a la montre» making up a significant portion.

Russia on Thursday said the United States was hypocritical to criticise President Vladimir Putin's summit with North Korean leader Kim Jong Un because Washington had sown chaos and sent weapons to allies across the world. «The United States has no right to lecture us on how to live,» Russia's ambassador to the United States, Anatoly Antonov, said in a statement. For the United States and allies, the burgeoning friendship between Kim and Putin is a concern: Washington has accused North Korea of providing arms to Russia, but it is unclear whether any deliveries have been made. The United States, Antonov said, had built up a coalition in Asia, expanded military drills near the Korean peninsula and was supplying billions of dollars of weapons to Ukraine. «It is time for Washington to throw its economic sanctions into the rubbish dump,» Antonov said.

Sun Pharmaceutical Industries on Thursday said one of its wholly-owned subsidiary unit has tied up with US-based Pharmazz Inc to commercialise a drug used to treat cerebral ischemic stroke in India. One of the company's wholly-owned subsidiaries has entered into a license agreement with the US-based biopharmaceutical company to commercialise a first-in-class innovative drug, Tyvalzi, in the country, the Mumbai-based drug major said in a statement. Developed by Pharmazz for potential global use, Sovateltide, is indicated for treating cerebral ischemic stroke.

By Jamie McGeever

Apple conducted its annual Fall event, when they unveiled their latest generation of iPhones, dubbed the iPhone 15 series. The iPhone 15, iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max are all part of this series.

A Californian lawmaker has introduced a bill to protect actors, artists, and entertainers from artificial intelligence, by mandating employment contracts to include informed consent when it comes to digital replicates.

Nissan, are collecting and sharing deeply personal data, such as sexual activity and health information. The study found privacy and security flaws in car brands from the U.S., Germany, Japan, France, and South Korea. According to Mozilla, they conducted tests on 25 major car manufacturers, and all of them did not meet privacy standards.

(This Sept.13 story has been corrected to fix the pronoun to 'she' in paragraph 8)

Sensex today scaled a new all-time peak of 67,771 by beating the last high of 67,619 touched on July 20 this year, PSU stock NTPC has turned out to be the best performer in the last two months with a 23% return. Other top Sensex gainers during the period are L&T (17%), Tata Steel (11%), HCL Technologies (10%), Titan Company (9%) and Maruti Suzuki (7%). On the other hand, shares of ITC, which had recently announced the demerger of its hotels business, is down about 8%. Other losers include HUL, Asian Paints and Kotak Mahindra Bank which are down about 7% each. Heavyweight Reliance Industries, which has demerged Jio Financial Services into a separate listed entity, has lost over 6% since Sensex's last peak. Amid solid buying by domestic institutional and retail investors, India has become one of the best performing global markets in September by rallying around 4.2%. While many investors are expressing concerns around valuations, analysts find the valuations of bank stocks fair. «Strength in banking stocks can impart resilience to the market even though the overall market valuations are slowly rising beyond comfort levels,» said Dr.

Biden administration has assured the Indian government of a quick investigation into the death of Indian student Jaahnavi Kandula in Seattle after being struck by a speeding police patrol car and bringing to justice the police officers who were responsible for it. The US government swung into action after India's Ambassador to the US, Taranjit Singh Sandhu, strongly raised the issue at the highest level in Washington and sought prompt action on the killing of Kandula, and the highly insensitive behaviour of the police officer in Seattle in Washington state. Kandula was killed in January after she was struck by a police vehicle driven by Officer Kevin Dave.

Nifty defied mixed global cues and scaled their fresh record highs of 67,771 and 20,167.65 in morning trade on Thursday. The market was witnessing a broad-based rally as the BSE Midcap and Smallcap indices jumped over a per cent higher each. Most sectoral indices witnessed healthy buying in the morning session.

Lawmakers gathered in Mexico City to listen to testimonies from researchers representing Mexico, the United States, Japan, and Brazil, all proposing the intriguing possibility of extraterrestrial life. This event mirrored a similar one in the US Congress just two months prior when a former US Air Force intelligence officer claimed knowledge of «non-human» activity dating back to the 1930s. One of the focal points of this session was Mexican journalist Jose Jaime Maussan, who presented two boxes containing what he and others believed to be «non-human beings unrelated to our terrestrial evolution.» These desiccated, shrunken bodies with warped heads left those in the chamber astonished, sparking a surge of social media activity. Maussan emphasized the significance of DNA analysis, stating, «It's the queen of all evidence.» However, he refrained from categorizing them as «extraterrestrials» at this stage. These enigmatic bodies purportedly date back to 2017 and were found deep underground in the Nazca desert of Peru, famous for its colossal, mysterious geoglyphs.

Independent market expert Hemang Jani says, «among largecaps, continue to like SBI, ICICI Bank and HDFC also which after a long time is showing a little bit of traction. These are the names when it comes to the large cap names. In midcaps, we should focus on two names; IDFC First Bank, where we had an entry of a big investor. Also Federal Bank is delivering consistently good performance. IT is a value play. There is a little bit of a zigzag here and there based on what is happening in the US markets. But TCS on the largecap front and to some extent, some of the small midcap names, Tech Mahindra, Naukri, are the names where we continue to have a positive bias.»The standout performers in trade yesterday were the PSU stocks which had a pretty strong run up. What is your assessment as to how they have moved and what is the outlook?We have seen a big correction the day before and stocks actually corrected anywhere from 5% to 15% and the index itself was down about 3%. Yesterday it was a smart pullback. Our take is that one really needs to watch for some sort of a consolidation when it comes to the broader market because when an index has gone up by 35-40%, a 3% or 4% correction is actually very small.