Record News

BEIJING — Chinese tech giant Huawei on Friday reported 2.2% year-on-year growth in its consumer business revenue for the first half of the year.

Departing Reserve Bank governor Philip Lowe has urged savers to demand increased deposit rates on their accounts of at least 5 per cent, while dismissing Labor MPs’ suggestions lenders are reaping “super profits” and worsening inflation.

death toll from record-breaking rains across northern China rose to at least 78 on Friday, as authorities warned of more flooding and another storm approached the country. Deaths from flooding in Hebei province rose to 29, state media reported Friday, after Storm Doksuri, which hit mainland China as a typhoon two weeks ago, brought on the most severe rainfall since records began 140 years ago. Rescuers have continued to search for people swept away by the floods, as another storm, Khanun, approaches over the weekend.

Trinamool Congress on Friday bashed Prime Minister Narendra Modi's address to the Lok Sabha, saying that he had spent an «agonizing two hours extolling the virtues of his government.» The West Bengal based party, in a tweet, said that while the speech touched on how the BJP was a boon for the Indian economy, it omitted facts deliberately. In the tweet, the Trinamool Congress said, "India's account deficit hit a record high of $36.4 billion in the July-September 2022 quarter." Additionally, they pointed to the fact that the unemployment rate rose to a 16-month high of 8.3% in December, 2022, while the Indian rupee ended 2022 as the worst-performing Asian currency.

Bombay High Court on Friday refused to pass any order granting urgent interim reliefs to Edelweiss company officials, accused of abetting the suicide of renowned film art director Nitin Desai, and said it would hear their pleas against the FIR on August 18. A division bench of Justices N W Sambre and R N Laddha also issued a notice to Desai's wife, who is the complainant in the case. Senior counsel Amit Desai, appearing for Edelweiss Financial Services Chairman Rashesh Shah, Edelweiss Asset Reconstruction Company's MD and CEO Raj Kumar Bansal and two other company officials urged the court to grant them interim protection from any coercive action and also sought quashing of the first information report (FIR) registered against them.

The Office for National Statistics said the economy expanded by 0.2% in the April to June period, compared with the three-month period. That was higher than the 0.1% recorded in the first quarter and ahead of economists' expectations for no change.

ITC AGM 2023: The recently-announced demerger of ITC Hotels from the parent company will unlock value for ITC shareholders and sharpen capital allocation, said its Chairman and Managing Director Sanjiv Puri. The FMCG major, ITC held its 112th Annual General Meeting on August 11 where Puri address the company shareholders.

Cristiano Ronaldo has become the very first individual to amass a staggering 600 million followers on the popular social media platform, Instagram. Ronaldo already had the honor of being the first user on the platform to have more than 300 million followers, so this incredible feat gives him even more bragging rights. The compliments don't end there, either.

stocks ripping higher in 2023, it may feel that you've missed out on the opportunity for easy profits. However, stocks have shown resilience by advancing despite concerns about rising interest rates, a potential economic downturn, and declining corporate earnings. And they could continue to do so.

By Clare Jim

A look at the day ahead in European and global markets from Tom Westbrook

Jailer’ has the Midas touch! Superstar Rajinikanth’s comeback venture has recorded the highest opening for Kollywood (Tamil film industry) this year. According to a report by the Indian box-office tracking portal Sacnilk.com, the Rajinikanth-starrer earned a staggering Rs 44.50 crore on the first day of its release. The report also revealed that the movie has collected a gross figure of Rs 52 crore domestically. This includes Rs 23 crore from Tamil Nadu, Rs 11 crore from Karnataka, Rs 5 crore from Kerala, Rs 10 crore from Andhra Pradesh and Telangana, and Rs 3 crore from the other states. The movie is predicted to earn Rs 30 crore on the second day. If it can manage this feat, the movie would cross Rs 73 crore at the box-office! Trade analyst Manobala Vijayabalan took to Twitter to share the box-office collections of the action-comedy. “Superstar #Rajinikanth's #Jailer takes an earth-shattering opening at the TN Box Office. The movie has minted ₹ 29.46 cr in the state. Record Day 1 for any Tamil movie released in 2023,” he wrote. He also revealed that ‘Jailer’ is now among the top three all-time highest first-day grossers of Kollywood, the other two movies also being Rajinikanth-starrers — ‘2Point0’ and ‘Kabali’.

₹5,225.02 crore for the quarter ended March 2023 (Q4FY23). Revenue from operations (excluding excise duty) for the company went up 5.6% YoY to ₹16,398 crore.The cigarette business grew 14% YoY to clock revenue of ₹7,355.83 crore in the March quarter.

Bandhan Bank, BPCL and Divi’s Laboratories, among 30 others will be in focus on August 11 as they will trade ex-dividend today. The ex-dividend date is the day on which the price of an equity share adjusts to reflect the next dividend payout. Ex-dividend is the day the stock becomes ex-dividend, which simply means it does not carry the value of its next dividend payment from that day forward.

Delhi government has prohibited mobile phones in the classrooms in both public and private schools. According to the latest notification by the Directorate of Education (DoE), “Parents should ensure that their children do not bring mobile phones into the school premises. If students bring mobile phones to school, then the school authority should arrange to keep them in a locker and return the mobile phones to the students after school".

Nick Scali has posted a record profit in the 12 months to June 30, helped by a double digits sales and earnings growth, but the furniture retailer is warning that consumer sentiment has “deteriorated” and orders are falling.

A union-backed inquiry into price gouging led by former competition watchdog boss Alan Fels will specifically examine Qantas and the aviation sector, ACTU secretary Sally McManus said.

Rupert Murdoch’s News Corp has cut more than $US160 million ($245 million) in costs over the past six months, delivering above-expected earnings despite a sharp 75 per cent fall in net profits.

Former White House economist Kevin Hassett shares what to expect ahead of the release of July's CPI on 'The Evening Edit.'

Redfin CEO Glenn Kelman says it's hard to fault the Fed for 'overdoing' rate hikes when there are other 'persistent' sources of inflation.

The Points Guy founder Brian Kelly details some of the top credit cards for 2023 on ‘Mornings with Maria.’