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Budget date: Narendra Modi’s first Budget of his third term, to be presented on July 23, will see Finance Minister Nirmala Sitharaman leveraging revenue growth and a record dividend from the Reserve Bank of India. The focus will be on infrastructure investment and targeted spending for the middle class, women, and the agricultural sector. Besides showcasing economic resilience, the government plans to introduce reform measures that bypass the need for legislative approval. “Hon’ble President of India, on the recommendation of Govt of India, has approved the proposal for summoning of both the Houses of Parliament for the budget session, 2024 from 22nd July, 2024 to 12 August, 2024 (subject to exigencies of parliamentary business). Union Budget 2024-25 will be presented in Lok Sabha on 23 July, 2024,” parliamentary affairs minister Kiren Rijiju said in a post on X.

Under the terms, Amundi will become a strategic shareholder of Victory Capital with a 26.1% stake in the business. Both companies will also enter in a 15-year distribution and services agreement as part of the combination. Amundi hits record high €2.1trn AUM in Q1 2024 As such, Amundi will become the distributor of Victory's US-manufactured active asset management products outside the US, while also becoming the supplier of non-US products for Victory's distribution in the US. The deal, which was originally revealed in April, is expected to complete in either Q4 2024 or early 20...

Generative AI has truly found its ideal vector of distribution in the ubiquitous smartphone, with nearly every brand working to integrate the AI smarts in their devices. Samsung has taken the early lead and has rolled genAI-based features across its latest and older flagship smartphones, while Chinese firms Oppo and Motorola are gearing to introduce the technology in their devices soon. And in the second half of the year, Apple is expected to join the bandwagon with Apple Intelligence, which derives its magic from generative AI and large language models. With these in place, should you be rushing to your nearest store to pick up the latest AI phone? Or just save the cash and download some apps instead? We try to decode.

to reach 700 Test wickets earlier this year during England's five-Test tour of India.Former English pacer Stuart Broad said that the 41-year-old could have half an eye on overtaking the late Australian great Shane Warne's tally of 708 wickets. He, however, added that Anderson's real focus would still be on England winning the match.Stuart Broad is a long-time bowling partner of James Anderson and had made an emotional exit across London at The Kia Oval last summer.On Anderson's impending retirement, Broad was quoted by Sky Sports as saying, “He might have half an eye on Shane Warne's Test wicket tally of 708 if he has a really good week but he will just want to walk off the pitch winning the game.""I know he is nearly 42 and this will be his 188th Test but he will feel some nerves this week, no doubt.

interest-rate cuts after Jerome Powell cited signals that the US is back on a disinflationary path. Equity benchmarks climbed in Japan, Australia and South Korea, while futures for Hong Kong stocks pointed to a positive start. Contracts for the S&P 500 edged lower after the benchmark closed above 5,500 for the first time — the gauge’s 32nd record this year — to extend a blistering rally that has left analysts scrambling to update their targets. Tesla Inc. surged 10% to lead gains in megacaps, helping the Nasdaq 100 close above the 20,000 mark for the first time.

Reasons to buyReasons to avoidThe Sony ZV-E10L is a versatile mirrorless camera designed for content creators. It features a 24.2MP sensor and 4K video recording capabilities, making it ideal for high-quality video production. The flip-out LCD screen and advanced autofocus system ensure easy and precise shooting.

Bank of Baroda (BoB) reported its total loan book grew by 8% year-on-year to ₹10.72 lakh crore in the first quarter ended June 2024, led by a 21% growth in retail loans. Total deposits increased 9% year-on-year to ₹13.06 lakh crore.

monsoon boosted sales of drugs for respiratory, anti-infective, anti-malaria and gastrointestinal therapies in June. According to market researcher Pharmarack, these therapies saw a double-digit growth last month compared to June 2023. «Among the top therapies, anti-infectives and respiratory have shown a relatively stronger volume growth for the month of June,» said Sheetal Sapale, VP, commercial at Pharmarack.

Wall Street stock indexes closed firmer on Friday, with the tech-heavy Nasdaq and benchmark S&P 500 hitting record highs, as megacap stocks rallied on data signaling U.S. labor market weakness and pulled Treasury yields lower. Microsoft, Meta Platforms, Amazon.com and Apple advanced, pushing the information technology sector to an all-time high.

There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the past two months.

Parliament. The ongoing session, the first after Lok Sabha elections, was expected to be stormy. It lived up to the billing.

A chicken living on Gabriola Island has set a new Guinness World Record, not for her size, or for laying the most eggs, but for her intelligence.

The American job market likely cooled last month while still remaining fundamentally healthy, which would be welcome news for the Federal Reserve in its drive to fully tame inflation

Former Kansas City Federal Reserve Bank President Thomas Hoenig reacts to Jerome Powell saying the Fed is not ready to start cutting rates on 'Cavuto: Coast to Coast.'

market myths and debunked them in a note. The myths listed by it include one that says that Indian markets are trading at reasonable valuations and the other that says that strong GDP growth is akin to high returns. Indian headline indices S&P BSE Sensex and Nifty50 have been creating new records since its June 4 debacle when the market crashed on the election results not giving a full majority of the Bharatiya Janata Party (BJP). There has been no looking back since then, with Sensex traversed over 8,300 points while Nifty soared 2,500 points. In percentage terms, the gains have been to the tune of 11.5%.

Trinamool leader Kunal Ghosh, releasing an audio recording with BJP’s Maniktala nominee and All India Football Federation president Kalyan Chaubey, has accused Chaubey of offering a post in national football if Ghosh helped him to win the bypoll. The conversation puts the BJP candidate in a tight spot, only a day ahead of the by-poll. Ghosh has been appointed as a convener of the Trinamool’s four-member committee to manage the Maniktala constituency, which was represented by the late state minister Sadhan Pande. Pande’s wife Supti Pande is fighting for the seat.

By Murtaza Haider and Stephen Moranis

Nasdaq notched record-high closes on Tuesday, fueled by gains in Nvidia after U.S. Federal Reserve Chair Jerome Powell told lawmakers that more «good» economic data would strengthen the case for rate cuts. AI chipmaker Nvidia climbed 2.5%, offsetting declines in other chip stocks.

The NBA has agreed to terms on its new media deal, an 11-year agreement worth $76 billion that assures player salaries will continue rising for the foreseeable future and one that will surely change how some viewers access the game for years to come

Junagadh district of Gujarat were cut off as roads leading to them got submerged following heavy rains. Vanthali in this district recorded 361 mm of rain in the 24-hour period ending Tuesday morning. Drone visuals by news agency PTI highlight the extent of the flooding.

Keir Starmer said Saturday that he is scrapping his predecessor's controversial policy to deport asylum-seekers to Rwanda as he vowed to deliver on voters' mandate for change, though he warned it will not happen quickly. «The Rwanda scheme was dead and buried before it started,» Starmer said in his first news conference since the Labour Party swept Conservatives from power after 14 years. «It's never acted as a deterrent. Almost the opposite.» Starmer told reporters in a wood-paneled room at 10 Downing St. that he was «restless for change,» but would not commit to how soon Britons would feel improvements in their standards of living or public services.