Record News

wealth creator for late billionaire investor Rakesh Jhunjhunwala, Titan, on Tuesday crossed ₹3 lakh crore in market value in a glittering testimony to the local consumer's swift ascent along the luxury gradient. In achieving this milestone, the one-time horologist became only the second company from the Tata Group to cross a valuation threshold earlier breached by Tata Consultancy Services (TCS). Titan is also the second company in the retail sector, after DMart's parent Avenue Supermart, to surpass this benchmark. The stock, which has witnessed a 26% surge in the past six months while overshadowing the 9% gain for the Nifty, is poised to sustain its upward trajectory and sustain its premium valuations, as the outlook remains robust. «Titan has an impressive track record of outperforming its peers as well as exceptional long-term growth potential, all of which justify its premium valuations,» said Pratik Prajapati, analyst at Motilal Oswal Financial Services.

Investing.com — Nvidia reported Tuesday blowout third-quarter results and offered stronger Q4 guidance as AI-led chip demand bolstered growth in its high-margin data center business. 

Eddie Murphy is returning to the Beverly Hills Cop franchise as Axel Foley in Beverly Hills Cop 4. The actor, comedian will be reprising the character of Axel nearly 30 years after the premiere of Beverly Hills Cop 3. The first look photo of Eddie Murphy as Axel Foley in Beverly Hills Cop 4 has been shared by Netflix with a caption “He's back. Axel Foley returns in 2024!”

Federal Reserve policymakers at their most recent meeting united around a strategy to “proceed carefully" on future interest-rate moves and base any further tightening on progress toward their inflation goal. “All participants agreed that the committee was in a position to proceed carefully and that policy decisions at every meeting would continue to be based on the totality of incoming information," according to minutes of the Oct.

Heritage Foundation public finance economist E.J. Antoni says consumers are increasingly relying on debt and dipping into savings as spending rises on 'Making Money.'

Mutual funds and fixed deposits remain the top choices for financial investments among a majority of people, with 54% and 53% respectively favouring these options, according to the BankBazaar survey.

₹9,362.35 crore. Byju’s breached Fema’s provisions by “failing to submit documents of imports against advance remittances made outside India, by failing to realize proceeds of exports made outside India, by delayed filing of documents against the foreign direct investment (FDI) received into the company, by failing to file documents against the remittances made by the company outside India and by failing to allot shares against the FDI received into the company," the investigation agency said in a statement. The ED had searched several offices of Byju’s and residences of its top executives on 24 and 28 April.

Frontier Airlines CEO Barry Biffle provides insight on air traffic control on 'The Claman Countdown.'

NAHB CEO Jim Tobin discusses the state of the housing market, American homeownership, and using family money for home down payment.

MUMBAI : At a time when investing in capacity expansion is seen as a strategy for long-term revenue growth, Steel Authority of India Ltd’s (SAIL) expansion plans appear to have made investors anxious. The worry is that the steelmaker’s expansion plans would lead to significantly higher capital expenditure (capex) thus keeping debt high in the coming years. This could explain why SAIL’s shares have underperformed so far in 2023, gaining 10% compared to 14% rise in the Nifty 500 index.

Steelers on Tuesday dismissed offensive coordinator Matt Canada in the aftermath of the team's weekend defeat to the Cleveland Browns. Steelers coach Mike Tomlin stated that Matt Canada has been released from his role as offensive coordinator. Tomlin also acknowledged Matt’s diligent efforts and commitment, and extended his best wishes to him as he progresses in his career. Despite the Steelers' 6-4 record and contention in the playoff race, fan dissatisfaction with Canada grew due to the team's sluggish offense. Following the loss to the Browns, Pittsburgh found itself ranked 28th in both points scored and yards gained, with the defense playing a crucial role in keeping the team competitive. The spotlight has also been on Kenny Pickett for his performance.

saxophone player Mars Williams has passed away at the age 68. He was known for his work as a member of the Waitresses and later the Psychedelic Furs. Williams' saxophone was a vital component of the Waitresses during their brief but influential two-album run in 1980–1983, as heard on deep cuts with a lot of saxophone, such as the title track of their «Bruiseology» LP, as well as the standout tracks «Christmas Wrapping,» «Square Pegs,» and «I Know What Boys Like.» Williams was approached by the Psychedelic Furs to fill in for their missing regular sax musician during an international tour in 1983, and this request led to a lengthy stint that lasted until 1989.

Investing.com — Nvidia (NASDAQ:NVDA) shares were slightly lower in early U.S. trading on Tuesday, as investors awaited quarterly earnings from the world’s most valuable chipmaker and its updated outlook for demand in China. 

Bank of America Corp. strategists who join a growing chorus of optimistic Wall Street forecasters. The team led by Savita Subramanian is bullish on US equities for next year “not because we expect the Federal Reserve to cut, but because of what the Fed has accomplished." “The market has absorbed significant geopolitical shocks already," they wrote in a note on Tuesday, adding “US exceptionalism is intact." They see the S&P 500 closing at a record 5,000 by the end of 2024, which is 10% higher than Monday’s close.

Mark Knopfler, the former frontman of British rock group Dire Straits, announced Tuesday he will sell more than 120 guitars and amps spanning his five-decade career at an auction next year. The sale, at Christie's auctioneers on January 31, will feature the guitar used to record the band's hit song "Money For Nothing" and famously played at the legendary 1985 Live Aid concert in London. "The Mark Knopfler Guitar Collection" sale also comprises an array of guitars he used to write, record and perform Dire Straits' and solo tracks, Christie's said.

Formula One enthusiasts, Lewis Hamilton's famed Mercedes F1 car, the vehicle that carried him to his maiden victory for the team, has set a remarkable record. At an auction held by RM Sotheby’s on November 17 in Las Vegas, the car fetched an astounding $18.8 million. The hammer price reached $17.1 million, with an additional 10% buyer’s premium.

Acil Ltd, despite an overwhelming number of creditors with a majority vote of 88.56% approving it in August 2019. While asking the NCLT to pass appropriate orders in terms of its Tuesday’ judgment on giving nod to the Ramkrishna Forgings' approved resolution plan within three weeks, a Bench led by Justice Vikram Nath said there was no occasion before the tribunal “to be swayed only on the per se ground that the hair-cut would be about 94.25% and that it was not convinced that the fair value of the assets have been projected in proper manner as the bid was very close to the fair value of the assets of Acil.” The apex court said “it is well within the Committee of Creditor’s domain as to how to deal with the entire debt of the corporate debtor.” If after repeated negotiations, a resolution plan had been approved by the CoC with a majority vote of 88.56%, such commercial wisdom was not required to be called into question or casually interfered with, it added. Lenders had voted in favour of Ramkrishna Forgings' taking over Acil at Rs 129.75 crore, translating into a 94% haircut to the Rs 1,762 crore of dues from the company.

Bhupendra Patel has approved the Full Dealer Owned Dealer Operated-(FDODO) CNG scheme which will be implemented by Gujarat Gas Limited and Sabarmati Gas Limited. THe decision has come in the wake of government’s approach of developing CNG stations through PPP model to promote green-clean environment and green mobility in the state. The state government maintains that the selection for this scheme will be completely based on a transparent selection process. Gujarat for the records has developed gas grid network spread throughout the state and many districts are connected to this gas network, and has as many as 1002 CNG station. With this s Full Dealer Owned scheme based on PPP model approved, the coverage of CNG stations in the state and easy availability of CNG fuel easily available to CNG vehicle owners will increase rapidly. While the dealer will be fully responsible for taking the permission regarding the land and getting the documents for setting up the CNG station under this scheme, he station setup, mechanical or electrical work of construction will also have to be done by the dealer in the CNG station, according to the specifications of Gujarat Gas Limited and Sabarmati Gas Limited. Moreover, it will also be the dealer's responsibility to purchase and install the necessary compressors, cascades, CNG dispensers, tubings, etc.

(Reuters) — Car companies with production facilities in the United States are bumping up pay for their non-union workers after the United Auto Workers (UAW) secured record wage hikes and benefits for union workers at the Detroit Three automakers.

Banksy has been unearthed in which the mysterious street artist has revealed his first name. In a 2003 interview with BBC reporter Nigel Wrench, the artist said his first name was «Robbie” when he was asked if his real name was “Robert Banks”. The artists first name has been a subject of interest online, with people suggesting variations of Robin, Robert and Robbie. Banksy draws a unique analogy by likening his art approach, characterized by creating graffiti incognito at a rapid pace, to the process of microwaving meals. »It's quick," the Bristol-based artist said, while adding: «I want to get it done and dusted.» Banksy's true identity remains shrouded in mystery, but this unearthed interview provides a rare opportunity for his extensive fanbase, which includes numerous A-list celebrities, to hear his voice. Conducted by Wrench, a former BBC arts correspondent, the interview took place during the summer of 2003 when Banksy, then in his 20s, was showcasing his Turf War exhibition in east London.

For investors stashing record sums in cash, US bond managers overseeing a combined $2.5 trillion have a bit of advice: It’s time to put that money to work.