Record News

21.10 / 12:19
markets Mercantile Bitcoin show reports Features Bitcoin Futures Open Interest Hits Record $40.5 Billion, Reports CoinGlass
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
21.10 / 11:21
UPS Reuters Man Election 2020 reports New cases of political violence roil US ahead of contentious election
Harris' White House campaign, punching a 74-year-old man in the head and calling another man a «n- supporter» as he fled. In northern Michigan, an assailant enraged by his hatred of Donald Trump used an all-terrain vehicle to run over and injure an 81-year-old man who was putting up a yard sign for the former president's reelection bid. The recent attacks were among at least 300 cases of political violence identified by Reuters since Trump's supporters stormed the U.S. Capitol on Jan. 6, 2021, including at least 51 incidents this year. With just two weeks to go before the Nov. 5 presidential election, the cases are part of the biggest and most sustained increase in U.S. political violence since the 1970s.
21.10 / 10:49
Align Football FIFA voice rights athletics Becky Sauerbrunn and over 100 women's soccer players protest FIFA deal with Saudi oil giant Aramco
Former U.S. national team captain Becky Sauerbrunn and Netherlands forward Vivianne Miedema are among more than 100 women’s soccer players who have signed an open letter protesting FIFA’s sponsorship deal with Saudi Arabian state oil giant Aramco
21.10 / 08:07
markets COST UPS reports Havells investors to monitor valuations, Lloyd turnaround closely
Subscribe to enjoy similar stories. Shares of Havells India Ltd have fallen 6% after the company’s lacklustre September quarter (Q2FY25) results, weighed down by rising costs in raw materials, staffing, and advertising & promotion (A&P). The company, which reported earnings announced last week, saw its revenue grow 16.5% year-on-year.
21.10 / 06:31
Booking Analysis Research Trade reports Commentary Smallcap stock surges 10% after reporting 70% YoY jump in Q2 PAT
smallcap company Netweb Technologies surged 10% to its new all-time high of Rs 2,949.65 on the BSE after reporting a 69.7% YoY (year-on-year) jump in its profit after tax (PAT) to Rs 25.7 crore. The same stood at Rs 15.14 crore in the second quarter of the financial year 2024.
21.10 / 05:35
markets UPS economy Trade reports Stock market today: Asian markets are mostly higher after another winning close on Wall Street
Asian shares are mostly higher after U.S. stocks rose to records to close out their latest winning week
21.10 / 05:19
markets UPS Analysis Trade Experts rights India not abandoned; last week, Chinese equity funds saw outflows rather than inflows: Cameron Brandt
Cameron Brandt, Director of Research, EPFR Global, says China's equity market, in some senses, has been the only game in town for domestic investors. There has been eye-catching inflows since the second quarter of this year, which peaked at a record weekly total of $40 billion two weeks back. But last week, they had significant outflows, the biggest single weekly outflow of $4 billion since 2015. So, even in China, this spirit of “what have you done for me lately” seems to be the determinant for flows. I just want to touch upon what is going on in the US because it has been a fairly robust few days of trade. Do you think that investors are still mindful about stretch valuations, the US presidential elections, and the fact that there are geopolitical risks? Cameron Brandt: I do not think they have forgotten, but there is so much good stuff in the proverbial punch bowl at the moment that it is hard to resist. There are some fairly rosy assumptions about the trajectory of interest rates over here. Oil prices have come down, which makes driving cheaper for people here, always good for the mood. And neither of the presidential candidates are saying anything about fiscal discipline. So, there is an assumption that this sort of expansionary fiscal policy will continue into next year.
21.10 / 04:27
markets UPS Analysis Research Trade 2020 $10 billion sale! FII selling breaks all records. Is it just about China?
Although it comes on a higher base, October is turning out to be the highest-ever month in terms of FII selling. Back in March 2020, when FIIs had sold Indian stocks worth $7.9 billion (Rs 58,632 crore), Nifty had the month down 23% despite domestic institutional investors (DIIs) matching the selling with buying of Rs 55,595 crore.
21.10 / 03:01
security Analysis Research Trade Experts reports Kotak Bank shares in focus after Q2 profit rises 5% YoY
Kotak Bank shares will be in focus in today's trade as the private sector lender reported Q2 profit recorded a growth of 5% year-on-year (YoY) to Rs 3,344 crore The bank's net interest income (NII) for Q2FY25 increased 11% YoY to Rs 7,020 crore, from Rs 6,297 crore in the corresponding quarter of the previous financial year.
21.10 / 03:01
markets UPS Analysis Research Trade reports Tech Mahindra shares likely in focus after reporting 153% YoY jump in Q2 PAT
IT services company Tech Mahindra are likely to remain in focus today after the company reported a 153.1% year-on-year (YoY) to Rs 1,250 crore for the second quarter, while its revenue rose by 3.5% YoY to Rs 13,313 crore in the said quarter. On a sequential basis, profit and revenue saw growth of 46.81% and 2.36%, respectively.
20.10 / 18:47
markets Election President reports Commentary Here’s why Bill Maher desperately wants Kamala Harris to win the US Elections 2024
Bill Maher recently made a candid plea for Vice President Kamala Harris to win the upcoming election, emphasizing that his prediction of her victory is on the line. During a segment of his show, Real Time, Maher expressed his hopes for a Harris win not only for political reasons but also to uphold his own track record of accurate predictions. “I predicted a month ago you’d win this thing, and if you blow it, it’s going to make me look bad,” Maher quipped, blending humor with his genuine political analysis, as per a report in The Wrap.
20.10 / 17:37
UPS Yellow Election War 2020 Why gold sales will be missing the glitter this Diwali
Subscribe to enjoy similar stories. The annual festival season that typically sees a scramble for gold may see a fall in demand this time, the first in four years, as runaway prices put the yellow metal out of reach for many Indians. Gold price nearing ₹80,000 per 10 gm has curbed new purchases and turned customers to exchanging old ornaments in the December quarter, jewellers said, a time when festivals and weddings spark gold purchases.
20.10 / 12:11
markets Digital PAM performer Department guidelines Finmin considers proposal to raise posts of Chief General Managers in state-owned banks
finance ministry is considering a proposal to raise the posts of Chief General Managers in public sector banks in view of their increasing business and profitability. As per existing government guidelines, there can be one Chief General Manager (CGM) for four General Managers in a public sector bank (PSB). These guidelines were issued in 2019 and since then there has been marked improvement in performance of PSBs despite the pandemic, sources said. Business of PSBs have witnessed significant growth and consequently they booked record profit, sources said, adding the Department of Financial Services under the Finance Ministry is reviewing CGM positions for achieving the next level of growth by PSBs.
20.10 / 11:23
markets Digital Election President musician Celebs lend support for Kamala Harris during US Presidential election campaigns
Kamala Harris who is running for the post of President in the upcoming US elections has recieved resounding support from America's leading music industry pop stars during her presidential campaign rallies. In the final weeks before November's presidential election, two of the Democratic nominee's events were headlined by prominent musicians from the American music industry. Al Jazeera noted that at Harris's first stop, in Detroit, Michigan, the singer and rapper Lizzo warmed up the crowd with a passionate on-stage endorsement.
20.10 / 01:49
markets Strategy Software Sustainability wellness Schools Amid turnaround, Tech Mahindra net profit rises 46.8% at Rs 1,250 crore
Tech Mahindra posted a 46.8% sequential rise in net profit at Rs 1,250 crore in the fiscal second quarter propelled by a sharp focus on margins and a one-time gain from the sale of land. Profit surged 153% from a year earlier. India’s fifth largest software services company recorded a 2.4% sequential rise in revenue from operations at Rs 13,313 crore in the three months ended September. Revenue rose 3.5% year-on-year, rebounding after four straight quarters of decline. Revenue growth was led by the largest vertical of communication, as well as hi-tech and media verticals, according to the company.
20.10 / 01:49
markets UPS Strategy trends track reports IT sector’s top firms reverse headcount fall after 7 quarters
IT companies—Tata Consultancy Services (TCS), Infosys, Wipro, Tech Mahindra and LTIMindtree hired more than 17,500 employees in total in the September quarter. This marked a reversal of declining headcount trend in the over $250-billion Indian IT industry after nearly seven quarters. HCLTech was the only company from the top tier to see its workforce reduce by 780 people last quarter largely due to its divestment of a joint venture with US-based State Street. India’s IT industry had shed a record more than 70,000 employees in FY24. The first quarter of this fiscal year saw a cumulative decline of 1,750 employees.
19.10 / 22:49
markets Digital Election Experts PAM reports Good news for Trump: Nikki Haley to campaign for him; here's what we know
US elections 2024, and latest poll data is suggesting that he may have a major edge over Kamala Harris in the upcoming polls in November. Now, Trump has surprised everyone by cleaning that he would consider bringing in his own GOP rival Nikki Haley on the campaign trail to garner major support of female voters.
19.10 / 19:19
markets UPS Digital Career Inside Inside the LeBron numbers: Entering Year 22, James' statistical resume only keeps growing
LeBron James is entering his record-tying 22nd NBA season, a mark that only newly enshrined Basketball Hall of Famer Vince Carter has reached. Obviously, that's not the only number that jumps out when talking about James' career. Already the NBA's career scoring leader and now a four-time Olympic medalist, James' body of work in the league is evident by looking at just about any stat list that can be drummed up. And this year, the Los Angeles Lakers star — who is set to play alongside son Bronny this season — is set to keep climbing the charts.
19.10 / 09:49
markets Digital Waters Experts PAM show Tamil Nadu Rain Alert: Heavy rain lashes in Puducherry, residents struggle
Visuals from the city show incessant rainfall leading water-logging on roads. Earlier, Several areas of Chennai recorded extremely heavy rainfall until 8:30 a.m. on Thursday. Kathivakkam and Manali registered 23 cm and 21 cm of rainfall, respectively, while Cholavaram recorded 30 cm, Red Hills 28 cm, and Avadi 25 cm.
19.10 / 00:47
markets Strategy economy wellness Experts reports Entry-level sales ride on two wheels this festive season
Executives at two-wheeler companies and dealers predict the momentum to continue in the coming weeks, making this festive season ending with Bhai Dooj on November 3 to be among the best for the industry. They also project sales for the fiscal year to be close to the pre-pandemic record of 21 million units hit in fiscal 2019, boosted by an expected pickup in rural economy on the back of favourable monsoons and good farm output, as well as an increase in minimum support prices for several key crops. Also, the recent government decision raising the dearness allowance is expected to put more money in the hands of 10 million central government employees and pensioners, and a part of this is likely to be spent on buying discretionary items like two-wheelers. Sales of two-wheelers rose 15.4% in the 10-day period of Dussehra ending October 12 compared with the festival days of October 15-24 last year, shows vehicle registration data from the government’s Vahan portal, collated by Goldman Sachs. Other segments of the vehicle industry too posted growth, with sales of cars increasing by 6.6%, three-wheelers 12.3%, light goods vehicles 9.1% and heavy goods vehicles 5.8%.
19.10 / 00:17
markets COST UPS Election show performer India’s IT services firms tighten their wage belts. But are they getting fitter?
Subscribe to enjoy similar stories. India’s top information technology services companies managed to keep a tight control over people costs in the September quarter even as global capability centres—the India-based IT wings of multinational companies—emerged as attractive alternatives for their employees. Unperturbed, IT services companies are replacing their middle and senior executives with junior employees and investing in upskilling them—which accounts for 5-7% of employee costs.

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