Usa Financial News

Deepak Shenoy, Founder, Capital Mind, says “I believe longer term, LIC is still a good play. Even from here, the fourth quarter is likely to be pretty good because they recognise a certain set of revenues only in the fourth quarter related to their participating policies, the 7.5% of profit that they will share with shareholders is taken out entirely in the fourth quarter, so that will be a fairly large chunk to add. Also we are still buying BSE because despite what happened recently in terms of SEBI giving them a notice about paying up for the options volumes on a notional basis rather than on a premium basis, they have increased their rates and perhaps are going to recover any future charges from customers directly.”

Israel carried out strikes on the Gazan city of Rafah overnight as it sought to put «pressure» on Hamas ahead of talks in Egypt on Tuesday aimed at sealing a truce proposal endorsed by the militants. After having vowed for weeks to push into the southern border town, Israel called on Monday for Palestinians in eastern Rafah to leave for an «expanded humanitarian area» ahead of a ground incursion. An AFP correspondent in the city reported heavy bombardment throughout the night, while the Kuwaiti hospital there said Tuesday in an updated toll that 11 people had been killed and dozens of others injured in Israeli strikes.

Dr Reddy's and PB Fintech in the mix. Other companies which will also announce the results include Bigbloc Construction, Century Textiles, Chambal Fertilisers, Graphite India, Hindustan Media, IDFC, Indraprastha Gas, Indo Euro Indchem, Infobeans Technologies, Jindal Saw, JSW Energy, Jupiter wagons among others.

Robinhood Markets said on Monday it received an enforcement action notice from the U.S. Securities and Exchange Commission (SEC) on May 4 over crypto tokens traded on its platform. The company said it received a so-called "Wells notice," which the SEC issues when it is planning to bring enforcement action against them. Such notices do not necessarily mean the company has engaged in wrongdoing.

India should take the matter «very seriously and investigate» said the US State Department speaking on recent allegations associated with the case of the Indian government's alleged involvement in the killing of the Sikh separatist leader, Hardeep Singh Nijjar. The remarks come at a time when there are already numerous twists and turns to the Nijjar killing case. Responding to a media query during the State Department briefing on Monday (local time) on the arrest of three individuals linked with the killing of India-designated terrorist Hardeep Singh Nijjar, spokesperson Matthew Miller said, «I would refer you to the Canadian authorities to speak to the details of the investigation there.»

Rafah the way it is envisioned as of now. «We've made quite clear our position on Rafah for some time, which is that we cannot support an operation in Rafah as it is currently envisioned. We have made clear — the Secretary made this clear in his conversations with Prime Minister Netanyahu and other members of the Israeli Government last week — that we have not seen a humanitarian plan that is credible and that is implementable,» State Department spokesperson Matthew Miller said in a press briefing on Monday (local time).

Gold prices edged up for a second session on Tuesday, after recent economic data boosted bets that the Federal Reserve would cut interest rates later this year.

Lupin: The pharma company reported a 52% YoY increase in consolidated net profit, amounting to ₹359.43 crore, for Q4 FY24. Its revenue rose by 13% from the previous year to ₹4,895.11 crore. EBITDA for the quarter was ₹1,026.1 crore, a 66% increase from ₹615 crore in the same period last year.

Sensex gained 17.39 points, or 0.02%, to close at 73,895.54, while the Nifty 50 settled 33.15 points, or 0.15%, lower at 22,442.70. “The surge in India VIX by over 70% in the last eight trading sessions from around 10 to its 52-week high near 17 level, indicating increasing nervousness among investors due to the ongoing global uncertainties and Lok Sabha election outcome next month. Hence, markets are likely to remain in a broader range with stock-specific action in the near term," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Tata Electronics Ltd has started exporting limited quantities of semiconductor chips packaged at a pilot line at its Bengaluru-based research and development centre, people familiar with the matter told ET. These packaged chips are being shipped to some of Tata Electronics' partners in Japan, the US and Europe, the people said. This comes as the Tata group company lays the groundwork for its new chip packaging unit at Morigaon in Assam and a $10 billion chip foundry at Dholera in Gujarat.

Equity markets witnessed a gradual decline after opening higher on Monday amid high volatility. Analysts said the surge in India VIX by over 70% in the last eight trading sessions from around 10 to its 52-week high near 17 level indicates increasing nervousness among investors due to the ongoing global uncertainties and Lok Sabha election outcome next month. «Hence, markets are likely to remain in a broader range with stock-specific action in the near term,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

electric cycle maker EMotorad, in which cricketer Mahendra Singh Dhoni invested an undisclosed sum last month, is set to complete the phase-1 build of its factory at Ravet, Pune. The 2,40,000-sq. ft. facility, scheduled to be inaugurated on August 15, will have the capacity to make 500,000 million e-cycles, founder and CEO Kunal Gupta told ET. It will also employ 300 more people, from the current 50, by then, he added.

Three surfers who went missing in Mexico over a week ago have been confirmed dead after their bodies were identified by relatives, Mexican officials announced Sunday.

Kenyan President William Ruto announced a major policy shift in the country’s approach to cryptocurrency on May 3, revealing that his government has appointed U.S.-based Bitcoin mining company Marathon Digital as its consultant.

In February, Robinhood disclosed that it had received subpoenas from the SEC related to its cryptocurrency listings, custody and platform operations.Now it has been sent a Wells notice, which are usually issued to warn companies that the SEC has enough information to take enforcement action.“After years of good faith attempts to work with the SEC for regulatory clarity including our well-known attempt to ‘come in and register,’ we are disappointed that the agency has decided to issue a Wells Notice related to our US crypto business,” says Dan Gallagher, chief legal, compliance and corporate affairs officer, Robinhood in a blog.Gallagher, a former SEC commissioner, adds: “We firmly believe that the assets listed on our platform are not securities and we look forward to engaging with the SEC to make clear just how weak any case against Robinhood Crypto would be on both the facts and the law.” The company adds that it has already made "difficult choices" to not list some tokens or provide products, such as lending and staking, that the SEC previously alleged are securities in public actions against other platforms.It has stopped support for Cardano, Polygon and Solana on June 27, which were named as securities in SEC lawsuits against Binance and Coinbase.

The US Justice Department (DoJ) arrested an heir to the Cartier empire on May 2. He was charged with laundering proceeds of drug trafficking using Tether’s USDT stablecoin. The charges mark a rare intersection between influential people and crypto-related crime.

Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder for many Americans.

concert while you scroll through those reels on Instagram, be warned that you are at the risk of developing dementia. This is a condition that is generally associated with old age wherein individuals develop an impaired ability to think, make decisions or even lead day to day lives. The Mirror in the UK has reported on 13 habits that results in aging of the brain and its cells leading to an increased chance of developing dementia.

release date is almost here and new episodes will soon premier. Viewers in the US can watch «Doctor Who» Season 14 on Disney+. First two episodes of «Doctor Who» Season 14 will be released on Disney+ on Friday, May 10 at 7:00 pm (ET). «Doctor Who» Season 14 will become the first season of the show to have an international release along with its debut in the US.

Daylight saving time 2024 has begun in the USA and it will end on November 3. During the period spanning from March to November, a common practice among the majority of Americans involves the adjustment of their clocks forward by one hour, known as daylight saving time. Even though there is no federal law to enforce Daylight saving time, most of the states are following the annual practice. However, Arizona and Hawaii do not follow Daylight saving time policy.

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