Record News

Also Read: Lok Sabha Polls 2024: 6 contests in UP to watch out for in Phase 3 voting today— Yadavs, BJP heavyweights in the fray The Met Department stated that thunderstorms are likely in the region over the next few days. However, six people, including a married couple, died in thunderstorms in south Bengal. A cyclonic circulation over south Jharkhand and substantial moisture incursion from the Bay of Bengal will bring thunderstorms with lightning and gusty winds to various districts of West Bengal, reported PTI, quoting the weather office.

U.S. stock indexes closed higher on Monday, their third straight session of advances, as investors continued to gain hope that there was a greater chance of the Federal Reserve cutting interest rates this year. Expectations for rate cuts by the U.S. central bank have been tempered as the year has progressed, as inflation has proven stickier, and some investors had begun to worry they might not materialize at all, sending markets lower in April.

National Centre for Disease Control (NCDC) too has created a digital platform to record cases and deaths from heatstroke. According to the people aware of the matter, doctors at 120 government hospitals across 21 states will now directly upload data on the platform to help public health policymakers take informed decisions. The Health Ministry has listed out first aid measures for people to know when someone feels dizzy or uneasy.

Lok Sabha elections begins on Tuesday, Prime Minister Narendra Modi urged ‘active participation’ of voters to make the polls ‘more vibrant’ today, May 7. “Urging all those who are voting in today’s phase to vote in record numbers. Their active participation will certainly make the elections more vibrant," PM Modi wrote in a post on X (formerly Twitter).

Lok Sabha seats. With this phase, voting will be completed in Gujarat, Goa and the union territory of Dadra and Nagar Haveli and Daman and Diu on Tuesday. Also, with polling underway in 14 seats today in this phase, elections for all 28 seats of Karnataka will also be over today.

MAI Capital Management, a registered investment adviser focusing on comprehensive investment and financial planning for high-net-worth clients, has snapped up another practice in the southwestern US.

LPL has expanded its presence in the Northwest as it supports a former UBS advisor in starting his own practice.

Bitcoin's (BTC) price fell to below $57,000 on Wednesday from roughly $64,500 last Monday before recovering in what was a weird week. Investors seemingly soured on spot bitcoinexchange-traded funds (ETFs) last week, with Wednesday bringing record-single-day net outflows.

Berkshire Hathaway Inc.’s cash pile hit yet another record as billionaire investor Warren Buffett confronted a dearth of big-ticket deals.

Eisler Capital, the smallish multistrategy hedge fund with aspirations to be much bigger, is hiring people. But it probably won't be using search firm Monroe Partners to do it.

infrastructure-led growth agenda, a report said on Monday. As per the data released by the Indian Construction Equipment Manufacturers' Association (ICEMA), the construction equipment (CE) industry had sold 1,07,779 units in the previous fiscal year. «With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian Construction Equipment industry has recorded a 26 per cent increase in overall sales volume for the financial year 2023-24, surpassing all projections,» it said. The statement further said the government's infra-led growth agenda and pre-election impetus on projects in the pipeline triggered positive growth in all five major construction equipment segments.

Americans say they are happy at work. Are they really? When asked how they feel overall about their jobs, most U.S. workers are positive, with 62.7% saying they are satisfied, according to new survey data from the Conference Board, a business-research group.

₹20 for a 250ml bottle, it is the country’s first affordable energy drink. It is also low on sugar—6.8gm to Sprite’s 9.5gm and Red Bull’s 11gm per 100ml of serving. However, its relatively high caffeine—72mg—acts as a stimulant and makes it edgy.

Godrej Consumer Products (GCPL) on Monday reported a consolidated net loss of Rs 1,893 crore for the quarter ended March 31, 2024, versus net profit of Rs 452.14 crore in the year-ago period. The company also declared an interim dividend of Rs 10 per share for the financial year 2024-25 and the record date for ascertaining the names of the shareholders who will be entitled to receive the said dividend is Tuesday, May 14, 2024. The dividend will be paid on or before Wednesday, June 5, 2024.

Berkshire Hathaway shares rose in premarket trading Monday after Warren Buffett's conglomerate reported a surge in operating earnings as well as a record cash hoard.

Fear not, financial advisors. There is seemingly good news ahead for the future of the financial advisory industry.

Berkshire Hathaway Inc.’s cash pile hit yet another record as billionaire investor Warren Buffett confronted a dearth of big-ticket deals. Operating earnings also rose, buoyed by his collection of insurance businesses. 

Indian Railways has loaded 128.29 million tonnes (MT) freight during April 2024. This is 1.46% higher than the 126.45 MT freight loading for April 2023. With this, the national transporter has clocked the 55th straight month of highest ever freight loading, beginning October 2020. Freight revenue earnings during the month under review stood at Rs 14,075.14 crore, up from Rs 13,893.27 crore in April 2023. Railways loaded of 57.64 MT in Coal, 14.88 MT in Iron Ore, 5.24 MT in Pig Iron and Finished Steel, 6.79 MT in Cement, 4.75 MT in Clinker, 3.85 MT in Foodgrains, 4.01 MT in Fertilizers, 4.16 MT in Mineral Oil, 6.57 MT in Containers and 9.54 MT in Balance Other Goods during April 2024. For the full fiscal ending March 2024, Indian Railways loaded 1591 MT freight up from 1512 MT in the preceding fiscal. Records of railway electrification, new lines, and track replacement were also made during the fiscal 2023-24. Within goods loading, the Railways ferried 787.61 MT of Coal, 180.95 MT of Iron ore, 153.80 MT of Cement, and 114.36 MT as Balance Other Goods for the full fiscal 2023-24.

Nifty on Monday ended 33 points lower to form an Inside Bar pattern on the daily chart with the India VIX recording a surge of over 13%. “We need to wait and watch, till the high (22,589) or low (22,409) is taken out for further direction on Nifty. Support for the Nifty is now seen at 22,350 and 22,200-250 levels. On the higher side, the immediate resistance zone for Nifty is at 22,600-625 levels and the next resistance is at 22,800 Mark. Overall, Nifty is likely to remain volatile within the 22,200–22,800 range in the near term with a negative bias, said Tejas Shah, Technical Research, JM Financial & BlinkX.

Andhra Pradesh): Prime Minister Narendra Modi on Monday said he was taking legal advice on how to return the money of poor people 'looted' in corruption. Referring to the seizure of «mounds of cash» by the Enforcement Directorate from the domestic help allegedly linked to the secretary of a Jharkhand minister, Modi wondered why such persons were «close to the Congress' first family.» «They have made the worker's house a godown of corruption. This is not the first time as a bigger seizure was made from an MP (in Jharkhand) earlier also and it was such a big cache that even machines were tired of counting.» The PM was addressing a rally at Vemagiri here, which was attended by TDP leader Nara Lokesh and Jana Sena chief Pawan Kalyan.

As 94 Lok Sabha seats go to polls on Tuesday in the third phase of the ongoing elections, voter turnout will again be under scrutiny. The election season has had a disappointing start, with overall turnout in the first two phases lower than it was in 2019. This trend has sparked concerns over whether Indian voters are less inclined to cast their ballots amid the scorching summer heat.