Record News

Wall Street's main indexes closed higher on Thursday after the latest inflation data reinforced expectations for a 25-basis point rate cut by the Federal Reserve, while Moderna's weak revenue forecast made it the S&P 500's biggest percentage loser. The producer price index (PPI) for final demand rose 0.2% in August, compared with estimates for 0.1% growth. The core number, which strips out volatile food and energy prices, rose 0.3%, higher than the 0.2% forecast.

interest rate cut next week, after media reports suggested the decision would be a closer call for officials than previously thought. Traders raised bets back to 39% for a 50-basis point reduction on Sept. 18, according to LSEG data, from about 28% before articles in the Financial Times and Wall Street Journal appeared.

Gold prices hovered near an all-time high on Friday, and poised for a weekly gain due to a weaker dollar, while investors focused on U.S. economic data that could offer additional insights into the Federal Reserve's policy decision.

traffic disruptions. The Meteorological Department has issued an orange alert for the next 24 hours, advising residents to «be prepared» for severe weather. This alert warns of possible disruptions in transport, including rail, road, and air travel, as well as potential power outages. The meteorological department forecasts light to heavy rain continuing in Delhi, with cloudy skies expected on Friday. The maximum temperature will be around 31°C, and the minimum will hover around 21°C. Winds are expected to blow at 25 to 35 km/h. While the rainfall will continue, it is expected to get lighter by the weekend. No rain is forecast from September 15-17, with only light rain expected on September 18.

Swiss bank accounts as part of an investigation into allegations of money laundering and securities forgery linked to the Adani Group, dating back as early as 2021, citing newly released Swiss criminal court records. However, the Adani Group has firmly rejected and denied the «baseless allegations» presented in the Hindenburg post. In their response, the Adani Group reiterated that their overseas holding structure is transparent, fully disclosed, and compliant with all relevant laws. They also clarified that they are not involved in any Swiss court proceedings, emphasizing that neither their group companies were mentioned in any such court documents nor have they received any requests for clarification. In a post on X on Thursday, the US short-seller said that the probe, which dates back to 2021, has shed light on financial practices involving opaque offshore entities tied to the Indian conglomerate.

U.S. stocks rose closer to their all-time highs following a couple reports on the economy that came in close to expectations

India’s August inflation remains within RBI’s sweet spot, sparks hopes of a rate cut. What could be a relief is that the food and beverages index declined 0.3% in August from July. This is the first time since January that there has been a sequential easing in this group.

Subscribe to enjoy similar stories. Stock benchmarks touched new records and mid-cap stocks joined the Street party on Thursday, signalling rising risk appetite among investors betting on interest rate cuts in the US and earnings momentum in India.

Swiss bank accounts as part of an investigation into allegations of money laundering and securities forgery linked to the Adani Group, alleged Hindenburg Group citing newly released Swiss criminal court records. In a post on X on Thursday, the US short-seller said that the probe, which dates back to 2021, has shed light on financial practices involving opaque offshore entities tied to the Indian conglomerate. As per a report by Swiss media, Geneva Public Prosecutor's Office was investigating alleged wrongdoing by the Indian conglomerate Adani well before activist investors from Hindenburg Research made the first accusations.

Mastercard is buying global threat intelligence company Recorded Future for $2.65 billion, a move that will strengthen its cybersecurity services

Piles of mine waste that loom above the historic Colorado mountain town of Leadville are a reminder of the city’s boom days

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

According to the U.S. Department of Labor’s latest inflation report for August, the consumer price index (CPI), a key indicator measuring the cost of goods such as gasoline, groceries, and rent, rose by 2.5% over the past year for the US as a whole. This marks a continued slowdown in inflation, but regional disparities remain significant, as per a report by Fox Business.

junior doctors on Thursday refused to hold talks with the Bengal government to resolve the RG Kar impasse unless their demand for live streaming of the meeting was met. The talks were to be held at 5pm in the presence of Chief Minister Mamata Banerjee as demanded by the protesters. The CM waited for for more than an hour to meet the agitating junior doctors. However, it did not take place as scheduled. The protestors reached the secretariat around 5.25 pm, some 25 minutes past the scheduled time of commencement of the meeting, and stayed put at the venue gate for over an hour and were seen engaged in meetings even as a high-strung battle of nerves ensued between the two sides with both staying firm on their respective stands. Senior police officials at the venue, including DGP Rajeev Kumar, ADG (South Bengal) Supratim Sarkar and even state chief secretary Manoj Pant, who were seen engaged in back-to-back discussions with the doctors' delegation and other officials, failed to convince the unrelenting doctors who refused to budge.

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...

AUM has hit an all-time high of Rs 66.70 lakh crore, led by net inflows across open-ended categories and mark-to-market (MTM) gains in the equity market. The industry AUM rose by 2.7% or Rs 1.74 lakh crore in absolute terms from Rs 64.97 lakh crore in July, according to a monthly note by the Association of Mutual Funds in India (AMFI). The assets under management of growth/equity oriented schemes closed at an all-time high of Rs 30.09 lakh crore led by strong inflows and MTM gains. This is around 45% of industry AUM.

Furthermore, the request for the meeting to be livestreamed has been turned down but allowed for it be recorded for transperancy, said the secretary. The doctors have been protesting outside Swathya Bhavan, the state health department headquarters, demanding the removal of Kolkata Police Commissioner Vineet Goyal, the state health secretary, the director of health education, and the director of health services.

who have left venture capital firms in the past year to start off on their own are finding it hard to raise capital as they struggle to convince investors who currently favour the public markets that fetch them higher returns. “LPs (limited partners) are very satisfied at this moment with the delivery of returns that are taking place in the public markets," said Sanjay Nayar, former CEO of KKR India, who retired to start his own early-stage fund, Sorin Investments, which closed its maiden fund in May.

“We wish to inform you that M/s. Krishna Institute of Medical Sciences Limited (‘the Company’) has fixed Friday, September 13, 2024, as ‘Record Date’ to determine the eligibility of shareholders of the Company for Subdivision/split of 1 (One) equity share having face value of Rs.10/- (Rupees Ten Only) each, full paid-up, be subdivided into 5 (Five) equity shares having face value of Rs.2/- (Rupees Two only) each,” said the company in its filing to the exchanges.

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...

Humour in Court" on its official website. This section is designed to collect and share witty and memorable exchanges from courtrooms, offering an alternative glimpse into the typically serious environment of legal proceedings. The initiative was launched by Acting Chief Justice Manmohan, alongside two other innovative services—the Delhi High Court WhatsApp Services and the Delhi High Court e-Museum. Justice Rajiv Shakdher, who chairs the IT, AI, and Accessibility Committee, emphasized the significance of maintaining a lighter atmosphere in courtrooms. He noted that humor often emerges in legal proceedings and can offer a welcome break from the intense formality that often surrounds court cases. “This project is very close to my heart. Often, the history of times is revealed and recorded through these anecdotes. The judges who sat and the great lawyers who argued the matter are often recorded by way of these anecdotes," said Justice Shakdher during the launch. Justice Shakdher further explained that the platform would allow users to share courtroom anecdotes, provided they adhere to standard operating procedures (SOPs). He stressed that the anecdotes should not name individuals and must remain within boundaries of decency. “We need not be very sensitive and need to learn to laugh at ourselves,” he added, hinting at the need for both lawyers and judges to embrace the occasional levity of courtroom exchanges. He also mentioned that he had considered naming the initiative the «funny bone committee.»