Record News
23.05 / 06:15
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Paytm shares drop 3% after Q4 results. Should You buy or sell?
Paytm fell 3% to Rs 358.3 in Thursday's trade on the BSE, a day after the company announced its Q4 results. Paytm released its Q4 earnings early on Wednesday, and the stock closed 5% higher later that day following the announcement. Paytm's losses widened to Rs 550 crore in the fourth quarter ended March 2024. The same stood at Rs 169 crore in the last year quarter.
23.05 / 06:15
COST
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Manufacturing
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Private sector activity picks up to 61.7 in May, according to HSBC Flash PMI
services and expansion of new export orders led to India’s private sector activity picking up in May, recording the third strongest increase since July 2010, according to the preliminary results of a private survey released Thursday. The HSBC Flash India Composite Output Index rose to 61.7 in May compared with 61.5 in the previous month. “The latest data showed strength in new export orders for both sectors, which rose at the fastest pace since the series started in September 2014,” said Pranjul Bhandari, chief India economist, HSBC.
23.05 / 06:15
markets
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Top forecaster defies rupee bulls as record low looms
Indian rupee’s top forecaster is going against the majority. The currency will test a fresh low by year-end, according to Danske Bank A/S, defying the consensus prediction for the first gain in seven years. The currency may decline to 83.60 per dollar by December, said Allan von Mehren, chief analyst at Danske Bank, who had the most accurate estimates in Bloomberg’s quarterly rankings. That compares with a median forecast of 82.80 in a Bloomberg survey.
23.05 / 03:45
Waves
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Department
Heat wave: IMD issues red alert for 5 states including Delhi NCR as temperature breaches 48 degrees
severe heat wave is expected to persist across the plains of northwest India, including north Madhya Pradesh and Gujarat, over the next five days, according to India Metrological Department. West Rajasthan is experiencing the most intense heat wave conditions, with east Rajasthan, Gujarat, and west Madhya Pradesh also significantly impacted. Haryana, West Uttar Pradesh, Punjab, and Himachal Pradesh are also facing concerning heat wave conditions. Gujarat has been under heat wave conditions since May 15th, with Saurashtra and Kutch following on the 16th, and Punjab, Haryana-Chandigarh-Delhi, Uttar Pradesh, and Rajasthan since May 17th. Nighttime temperatures remain high in parts of Rajasthan, with daytime highs ranging from 44-48°C in many areas of Rajasthan, and slightly lower in Haryana, Madhya Pradesh, and Gujarat, according to IMD. Some places in West Uttar Pradesh, Punjab, Odisha, and interior Maharashtra are experiencing temperatures between 40-44°C. These temperatures are 2-4°C above normal in Punjab, Saurashtra, Kutch, Haryana, and isolated areas of Uttar Pradesh, Rajasthan, and Gujarat. A further increase of 2-3°C is anticipated in central India and Maharashtra over the next five days.
23.05 / 02:43
UPS
Citi
Football
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Football: 10 stats from the 2023-24 Premier League season
4: The one number that matters the most. Manchester City lifted their fourth Premier League title in a row, becoming the first men’s team in the history of English football to do so. Guardiola’s well-oiled machine has redefined the word domination, having won the Treble last season.
23.05 / 02:15
markets
COST
CEO
Solomonic
trends
Gold retreats from near record-high levels as rate-cut bets ease
Gold prices were listless on Thursday after a recent rally lost steam to dip more than 1% in the previous session, as traders started pulling back their expectations of rate cuts by the U.S. Federal Reserve this year. FUNDAMENTALS
23.05 / 01:51
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Updates
Shah Rukh Khan health updates: SRK discharged from Ahmedabad's hospital after suffering from heat stroke, says report
Shah Rukh Khan hospitalised after KKR vs SRH match, wife Gauri reaches AhmedabadThe Jawan actor was in Ahmedabad for two days to attend the playoff match of IPL between his team Kolkata Knight Riders (KKR) and Sunrisers Hyderabad (SRH). The King Khan was accompanied by his daughter Suhana Khan, younger son AbRam, and manager Pooja Dadlani.
23.05 / 01:51
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NVIDIA
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Stocks fall after Fed minutes; Nvidia shares climb after the bell
Federal Reserve's most recent meeting but Nvidia's shares rose about 6% after the close on the semiconductor bellwether's stronger-than-expected revenue forecast. The news also drove gains in other chipmakers.
23.05 / 01:37
markets
UPS
FIVE
Opinion
country
GenAI may help Indian workers save 51 million hours a week by 2026: Pearson study
Generative artificial intelligence (GenAI) has the potential to help Indian workers save 51 million hours a week by 2026, a study by learning company Pearson has said. Generative AI can boost workplace productivity by helping workers deal with their routine and repetitive tasks that often take up their day and lead to burnout, according to the latest instalment of Pearson’s Skills Outlook series, ‘Reclaim the Clock: How Generative AI Can Power People at Work’.
23.05 / 00:25
WhatsApp
Bottomline
Grasim Q4 revenue at record Rs 37,727 crore
cement and financial services businesses, Grasim Industries clocked in a 13% growth in its consolidated revenue for the March quarter, which took it to an all-time high of ₹37,727 crore. While operating profit of the flagship company of the Aditya Birla Group jumped by a little over a fourth to ₹6,196 crore during the quarter, also an all-time high, the net profit remained flat on year at ₹1,370 crore. Adjusted for an exceptional item charge of ₹538 crore, the bottomline rose by two-fifths on year.
22.05 / 22:09
Extreme
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Abrupt shutdown of financial middleman Synapse has frozen thousands of Americans' deposits
The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of financial technology company Synapse, which acts as a middleman between financial technology companies an...
22.05 / 22:09
22.05 / 22:09
markets
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How major US stock indexes fared Wednesday, 5/22/2024
U.S. stock indexes pulled back from their records as concerns about high interest rates weighed on the market
22.05 / 20:59
markets
performer
Updates
BSL Q4 Results Live : profit falls by 33.23% YOY
₹2.45, indicating a significant decrease of 51.55% year-over-year.In terms of market performance, BSL recorded a negative return of -1.68% in the last week, a modest 0.25% return in the last 6 months, and a YTD return of -15.18%.At present, BSL holds a market capitalization of ₹183.77 Cr with a 52-week high/low of ₹238.9 and ₹155.95 respectively.FAQsQuestion : What is the Q4 profit/Loss as per company?Ans : ₹2.52CrQuestion : What is Q4 revenue?Ans : ₹156.34CrStay updated on quarterly results with our results calendarMilestone Alert! Livemint tops charts as the fastest growing news website in the world
22.05 / 19:31
22.05 / 19:01
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More valuable than gold: Feather of this New Zealand bird sold at record price
New Zealand bird has become a record-setter for being sold for a $20,000-plus amount. The auction house handling the sale named 'Webb's Auction House' has said that the feather from the extinct huia bird, smashed all estimates to become the world's most expensive feather to be sold, according to 'The Mirror' report.
22.05 / 19:01
markets
BLOCK
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economy
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Rs 2.1 lakh crore: RBI’s record dividend swells govt coffers
Reserve Bank of India (RBI) on Wednesday said it would pay a record dividend of `2.1 lakh crore for FY24 — more than double the amount the Centre had budgeted for — as Mint Road made windfall interest gains from its overseas investments. The benchmark bond yield retreated below 7% on expectations that New Delhi would now need to borrow less this fiscal year. “The higher dividend is welcome, of course,” finance secretary TV Somanathan told ET. “It exceeds our estimate by 0.2-0.3% of GDP.”
22.05 / 18:23
Booking
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Dreams
Justice
information
Courts
Dumping oil at sea leads to $2 million fine for shipping companies
Two shipping companies agreed to pay $2 million in penalties after pleading guilty to federal charges related to the dumping of oil in the Atlantic Ocean by a ship bound for New Orleans
22.05 / 18:13
markets
GameStop
ICO
social
GME
GameStop Price Crashes, Buy The Dip Or Sell GME? This Solana Meme Coin ICO Raises
Just over one week on from legendary GameStop investor Roaring Kitty’s abrupt return to social media for the first time since 2021, the GameStop (GME) price has crashed, with retail investors asking whether now might be the time to buy the dip or sell GME.
22.05 / 18:09
markets
Manufacturing
economy
Election
country
rights
'Have delivered on 2019 promise of putting corrupt behind bars, our govt leveraged technology to tackle corruption': PM Modi
Prime minister, the 2014 Lok Sabha campaign was strongly anchored in the fight against corruption. In 2019, it was the 'labharthi' model reaching every segment of society, besides the national security imperative that took centre stage. The 2024 Lok Sabha election campaign was expected to be pitched on 'vikas' and 'Viksit Bharat'. But it seems to have turned communal and polarising, your thoughts? Perhaps, you find it polarising because you have not examined the crux of the matter. What is truly communal and polarising is Congress party's manifesto, their issues and their intent. It is my duty to expose them. Just because I am exposing them, you think it is polarising. You noted it correctly that in 2014, corruption was the main issue. In 2019, it was labarthis. In 2024, the main issue is Viksit Bharat. People across the country know that this is an important election which will ensure that we reach Viksit Bharat at the speed of the country's aspirations.
22.05 / 16:59
Digital
SEC
security
Bill
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innovations
Biden opposes digital asset bill
The Financial Innovation and Technology for the 21st Century Act (FIT21), if passed, would establish a regulatory framework for digital assets, covering areas such as consumer protections, the use of crypto in illicit finance.However, SEC chair Gensler warns that the bill would remove investment contracts that are recorded on a blockchain from the statutory definition of securities."Further, by removing this set of investment contracts from the statutory list of securities, the bill implies what courts have repeatedly ruled - but what crypto market participants have attempted to deny - that many crypto assets are being offered and sold as securities under existing law," says Gensler.The Biden administration has also come out against the bill, saying that, in its current form, it "lacks sufficient protections for consumers and investors who engage in certain digital asset transactions".Continues the statement: "The Administration looks forward to continued collaboration with Congress on developing legislation for digital assets that includes adequate guardrails for consumers and investors while creating the conditions needed for innovation, and further time will be needed for such collaboration."In contrast, Republican presidential candidate Donald Trump and major crypto firms including Gemini, Kraken, Coinbase and the Digital Currency Group all back the bill.Glenser adds: "The crypto industry’s record of failures, frauds, and bankruptcies is not because we don't have rules or because the rules are unclear. It’s because many players in the crypto industry don’t play by the rules.
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