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₹30,000 crore." The value of the family’s holdings in group listed companies is more than ₹10 trillion (about $126 billion), the person said. The immediate plan is to sell stake worth ₹3,000-4000 crore in Ambuja Cements Ltd, in which the promoters hold 70.3%. Rajiv Jain-led US-based boutique investment firm GQG Partners LLC and at least four other entities, including three large bank-promoted firms, are likely to buy the stake soon in a private placement, the person added.

Chicago: Leaders of an «Uncommitted» movement, which garnered hundreds of thousands of votes in Democratic primaries across the nation in protest of the Israel-Hamas war, have been negotiating for weeks to secure a speaking slot for a Palestinian American at the Democratic National Convention this week. The negotiations stalled late Wednesday when leaders with the Uncommitted National Movement say a Democratic National Committee official called and delivered a firm response: «The answer is no.» The leader, Abbas Alawieh, an «Uncommitted» delegate to the convention and co-founder of the movement, described the call as shocking after weeks of talks that he felt were positive. In response, he and other delegates decided to stage a sit-in outside Chicago's United Center, where the convention is being held. They spent the night on the sidewalk on Wednesday, and vowed to remain until their request was granted or the convention ended Thursday night. «When we ran out of options — doing everything we can and working from the inside, when we ran out of options as uncommitted delegates, we just sat down,» Alawieh said in an interview Thursday.

The number of Americans filing for unemployment benefits rose modestly last week, but remains at healthy levels Jobless claims rose by 4,000 to 232,000 for the week of Aug. 17, the Labor Department reported Thursday

Stocks closed lower in the run-up to Wall Street’s main event for the week, a speech by Federal Reserve Chair Jerome Powell coming on Friday

Mint in the week gone by. The Indian rupee is showing signs of weakness mainly due to demand for the dollar by importers, while India Inc’s profits grew at the slowest pace in five quarters. The Indian rupee has been on a downward trend, sparking concerns as it slipped to ₹83.9550 against the US dollar by 2 pm on Thursday, down from ₹83.7794 the previous day, according to Yahoo Finance.

Updated COVID-19 vaccines are on their way

The average rate on a 30-year mortgage eased this week to its lowest level in 15 months

Nicaragua’s government has closed another 151 nongovernmental organizations, among them some of the most important trade organizations, including the American Chamber of Commerce

Sales of previously occupied U.S. homes ended a four-month slide in July

U.S. stocks closed higher after more big companies delivered profit reports that topped analysts’ expectations

₹2 crore ($240,000). While tournaments of this scale are good for gamers, the rising crop of professional esports players have a problem—they’re not being able to monetize their gameplays and social media presence.

virus is slowly increasing its count across the world, and has already reached where it should not be, crucial parts of South Asia and the Indian Subcontinent, which is one of the most densely populated regions in the entire world, with cases already having been reported in Pakistan and India, with the origins of the same coming in from the Middle Eastern regions.

Adani Group's promoters are looking to sell shares worth ₹30,000 crore ($3.6 billion) over the next nine months as they look to rebalance their portfolio in listed companies that's currently worth about $126 billion. The promoters will pare stakes in some listed firms while increasing them in others, according to people with knowledge of the matter. The final aim of this rebalancing exercise is to hold 64-68% stake across firms. The stake sale will begin with Ambuja Cement and Adani Power while the holding will be increased in Adani Green Energy.

Breakout stocks to buy or sell: Following the positive global market cues on the US Fed rate cut buzz, the Indian stock market ended higher for the sixth straight session on Thursday. The Nifty 50 index added 41 points and closed at 24,811. The BSE Sensex finished 147 points higher at 81,053, whereas the Bank Nifty index went up 300 points and ended at 50,985.

Finra has censured and fined Barclays Capital more than a million dollars for reported longstanding lapses in fingerprinting and background screening procedures for non-registered employees.

Asian markets opened lower, as investors prepare for comments from Jerome Powell later Friday. Equities in Australia and South Korea fell alongside Hong Kong share futures, echoing Thursday’s selloff in US stocks where both the S&P 500 and tech-heavy Nasdaq 100 indexes retreated.

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Say Nothing. The nine-episode series will be available on Hulu in the U.S. and Disney+ in select international markets.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Jennifer Lopez, recently divorced from Ben Affleck, may have a familiar name waiting in the wings. As per the reports of Daily Express US, Drake, a former flame of Lopez, is eager to rekindle their romance now that her divorce is finalized. Lopez and Drake had a brief relationship in 2017, and Drake is reportedly interested in getting back together. The rapper is reportedly «ready and waiting» to go after Lopez after her divorce is formally finalized, according to sources. According to the insider, Drake respects boundaries and won't get close to Lopez until after her marriage to Affleck is officially dissolved.

unemployment benefits rose in the latest week, but the level still suggested a gradual cooling of the labor market remains intact. Initial claims for state unemployment benefits rose 4,000 to a seasonally adjusted 232,000 for the week ended Aug. 17, the Labor Department said on Thursday. Economists polled by Reuters had forecast 230,000 claims for the latest week. The latest data should continue to allay fears that the labor market is rapidly deteriorating, first raised after a much sharper than expected slowdown in job gains in July, which also saw the unemployment rate rise to a post-pandemic high of 4.3%.