Record News

When former President Donald Trump visits Detroit next week, he’ll be looking to blunt criticisms from a United Auto Workers union leadership that has said a second term for him would be a “disaster” for workers

Jindal Power Ltd Thursday filed an appeal before the National Company Law Appellate Tribunal seeking to be considered as an applicant for the acquisition of insolvent Tuticorin Coal Terminal Pvt Ltd. Challenging an order of the National Company Law Tribunal's Mumbai bench, which had held the company ineligible for participation in the resolution process, Jindal Power argued that another company, Seapol, was allowed to file a resolution plan despite its name not appearing in the final list of prospective resolution applicant prepared by the committee of creditors. Jindal Power requested that the same rights be extended to the company that were given to Seapol, as the final list was prepared three years ago. The NCLAT asked the resolution professional of Tuticorin Coal Terminal to file an affidavit putting the facts of the case on record and listed the matter for October 5.

petition challenging his election was filed before the Karnataka High Court on Thursday. The Court recorded the submissions made and adjourned the hearing to October 6. «The election petition filed by the petitioner lacks legal merit and factual basis.

By Naomi Rovnick and Dhara Ranasinghe

coaching classes in Vijayapura district, suspecting them of GST evasion. The department said it had “successfully unearthed suppression of turnover” by certain institutes in the district.

Vaibhav Jewellers IPO: The mainboard initial public offering (IPO) of Andhra Pradesh-based Manoj Vaibhav Gems N Jewellers will be opening for subscription on Friday, September 22. Also known as Vaibhav Jewellers, the firm is a regional jewelry brand in South India.

The price of Shiba Inu (SHIB) has dipped to $0.00000727 today, dropping by 0.5% as the wider cryptocurrency market falls by 1.2% in the past 24 hours.

Big Billion Days 2023 Sale on the platform. The sale is often considered a high time revenue generation chance for the e-commerce platform and potential customers in India also wait for it. As per the track record, interested buyers can expect bank offers, discounts, cashbacks and price cuts in broadly all categories.

small-cap stocks hit their all-time highs. This surge in stock prices is indicative of strong market sentiment and robust performance by these companies. The data was sourced from StockEdge at 3:15 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

Bank of England halted its long run of interest rate increases on Thursday as the British economy slowed, but it said it was not taking a recent fall in inflation for granted. A day after a surprise slowing in Britain's fast pace of price growth, the BoE's Monetary Policy Committee voted by a narrow margin of 5-4 to keep Bank Rate at 5.25%. Four members — Jon Cunliffe, Megan Greene, Jonathan Haskel and Catherine Mann — voted to raise rates to 5.5%. It was the first time since December 2021 that the BoE did not increase borrowing costs. «There are increasing signs of some impact of tighter monetary policy on the labour market and on momentum in the real economy more generally,» the MPC said in a statement. It cut its forecast for economic growth in the July-September period to just 0.1% from August's forecast of 0.4% and noted clear signs of weakness in the housing market. Growth for the rest of the year was likely to be weaker than previous forecasts, the BoE said. Record growth in workers' pay, which has been a big concern for the central bank, was not backed up by other measures of the labour market, it noted, suggesting the BoE's policymakers expected it to slow down soon. «CPI inflation is expected to fall significantly further in the near term, reflecting lower annual energy inflation, despite the renewed upward pressure from oil prices,» the BoE said. But it said services inflation was expected to remain elevated. The BoE's decision to pause its rate hikes came a day after the U.S. Federal Reserve also opted to keep borrowing costs on hold.

Senco Gold & Diamonds on Thursday said they have taken a major step forward to tap the digital landscape with the launch of its first virtual showroom, Sencoverse, on the metaverse. The company claimed this to be India's first virtual jewelry retail space within the metaverse, with a primary focus on engaging with the new generation of customers. The jewelry retailer, in an official statement, emphasized its commitment to delivering personalized and convenient shopping experiences to digitally adept millennials and Gen Z shoppers, who are widely regarded as the future of the retail industry. «We believe that the digitally savvy millennials and Gen Z shoppers are the future of retail, and we want to be at the forefront of providing them with the personalized and convenient shopping experiences they want and need,» said Suvankar Sen, MD & CEO of Senco.

Bank of England halted its long run of 14 straight interest rate hikes on Thursday as the British economy slowed, but it said it was not taking a recent fall in inflation for granted. A day after a surprise slowing in Britain's fast pace of price growth, the BoE's Monetary Policy Committee voted by a narrow margin of 5-4 to keep Bank Rate at 5.25%. Four members — Jon Cunliffe, Megan Greene, Jonathan Haskel and Catherine Mann — voted to raise rates to 5.5%. It was the first time since December 2021 that the BoE did not increase borrowing costs. «There are increasing signs of some impact of tighter monetary policy on the labour market and on momentum in the real economy more generally,» the MPC said in a statement. It cut its forecast for economic growth in the July-September period to just 0.1% from August's forecast of 0.4% and noted clear signs of weakness in the housing market. Growth for the rest of the year was likely to be weaker than previous forecasts, the BoE said. Record growth in workers' pay, which has been a big concern for the central bank, was not backed up by other measures of the labour market, it noted, suggesting the BoE's policymakers expected it to slow down soon. «CPI inflation is expected to fall significantly further in the near term, reflecting lower annual energy inflation, despite the renewed upward pressure from oil prices,» the BoE said. But it said services inflation was expected to remain elevated. The BoE's decision to pause its rate hikes came a day after the U.S. Federal Reserve also opted to keep borrowing costs on hold.

rupee ended flat on Thursday as broad strength in the greenback was offset by exporter dollar sales and fears of potential central bank intervention to limit the downside, traders said. The rupee ended at 83.09 against the U.S. dollar, little changed from 83.0725 in the previous session. Asian currencies were mostly weaker, with the Korean won leading losses as dollar strength weighed on emerging market currencies. The dollar index rose to a six-month high in Asia and was last quoted at 105.54.

Stock split 2023: Focus Lighting and Fixtures shares are one of the multibagger stocks that Indian stock market has produced this year. In year-to-date (YTD) time, this multibagger stock has delivered 140 per cent return to its positional shareholders. However, the stock is in news these days as its board of directors has declared stock split in 1:5 ratio.

More than $9 billion of dividends from Australia’s two biggest companies are in a state of suspended animation until late next week, and Sam Wetzler reckons that’s a big opportunity.

Bonus shares effect: A long term investors not just gain from stock price appreciation but from other rewards like dividend, bonus shares, stock split, buyback of shares, etc. At one look these rewards that a listed company announces from its capital reserves may not look attractive but in long term these rewards lead to whopping return in one's long term shareholding. Those who believe in examples, they can look at Mitsu Chemplast shares.

By Simon Johnson and Niklas Pollard

LONDON (Reuters) — In a big day for central banks across Europe on Thursday, Switzerland shocked markets by leaving its interest rates unchanged, while Sweden and Norway met expectations with a quarter-point hike each.

Playing casino games is a go-to way of spending your leisure time. Whether you seek an adrenaline boost or simply want to relax, the world of iGaming has a lot to offer. 

₹66 to ₹70 per equity share of face value of ₹10 each. Madhusudan Masala IPO lot size is 2,000 equity shares and in multiples of 2,000 equity shares thereafter. Madhusudan Masala IPO, which is worth ₹23.80 crores, is completely a fresh issue of 3,400,000 equity share; there is no offer for sale (OFS) component.

(Reuters) — European shares fell on Thursday, tracking overnight losses on Wall Street after the U.S. Federal Reserve signalled higher-for-longer interest rates and ahead of rate decisions from the Swiss National Bank, Riksbank, Norges Bank and Bank of England.