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(Reuters) -Mastercard on Thursday reported a bigger-than-expected rise in second-quarter profit, boosted by resilient spending in a turbulent economy.

By Gloria Dickie

Investing.com — Crude oil prices rose Thursday, boosted by signs of resilient economic activity in the U.S. as well as expectations of tighter supplies as the year progresses.

European Central Bank raised interest rates for the ninth straight time in its yearlong campaign to stamp out painfully high inflation, even as worries about recession fuel speculation that Thursday's hike could be its last.ECB President Christine Lagarde had all but promised the quarter-percentage point increase. That puts the focus at her post-meeting news conference on whether the bank will raise rates again at its September meeting or hold off after a record series of rate hikes.

European Central Bank raised its deposit rate to a historic high on Thursday and kept its options open on whether more increases will be needed to bring down inflation against a worsening economic backdrop. The central bank's ninth straight increase took the closely-watched deposit rate to 3.75 percent — a level last seen in May 2001 and equal to its previous record high. But the ECB removed a clear hint at further hikes from its policy statement, meaning a fresh increase at the ECB's next meeting in September should not be taken for granted.

chat app, Slack, experienced a midday outage, disrupting communication among colleagues. Users encountered errors when attempting to send messages, although they could still access past conversations. Slack plays a crucial role in connecting colleagues within and across major companies globally, especially as many workplaces have shifted to remote or hybrid setups, making it a significant part of workplace communication.

Nifty closed below the immediate support of 10-day EMA at 19,680, after sustaining above it for 21 consecutive sessions. “Further weakness from here, the market could slide down to its crucial lower support of 20-day EMA around 19,500 levels. This moving average has been offering support for the Nifty for the past three months,” said Nagaraj Shetti of HDFC Securities.

New Delhi: Despite challenges posed by economic slowdown in importing markets like the EU and the US, Indian ports are anticipated to achieve mid-single digit volume growth on an aggregate basis in the financial year 2023-24, according to India Ratings and Research (Ind-Ra). The resilience of Indian ports stems from enhanced operational efficiency, the government’s emphasis on developing downstream logistics infrastructure, and stability in freight rates, enabling them to offset potential lower volumes and achieve a 4%-5% year-on-year volume growth in FY24 (with a compound annual growth rate of 3.5% during FY15-FY23).

The Indian Metrological Department (IMD) on Thursday said that they have issued an orange warning for the state capital which has already experienced the wettest July in decades. The weather agency had earlier issued a red alert for Thursday in Mumbai. "Monsoon in entire Maharashtra has aggravated as it is active in the Southwest region.

Mumbai rains: Slight waterlogging was witnessed on the railway tracks between Churchgate - Marine Lines railway station. However, reports have stated that train movement is smooth. Commuters complained of waterlogging on tracks between Churchgate and Marine Lines stations, but the Western Railway said the train services was not disturbed.

The Central Government pensioners (CGPs) can change their name/surname in the Services Book after retirement, Union Minister of State of Personnel, Public Grievances and Pensions and Minister of State in the Prime Minister’s Office (PMO) Dr Jitendra Singh said in a written reply to a query in the Rajya Sabha on Wednesday (July 27).

The luxury housing segment in India maintained strong sales momentum, registering a 130% Y-o-Y increase in Jan-Jun’23 period. Total sales of luxury units during Jan-Jun’23 period stood at 6900 compared to 3000 units during the same period last year, according to a CBRE report.

Filing income tax returns (ITR) can be a daunting task for many taxpayers. However, avoiding the common ITR filing mistakes is essential to ensure a hassle-free return filing.

New Delhi: Global coal consumption, which hit an all-time high in 2022, is expected to stay at those levels in 2023, driven by robust growth in Asia’s power generation and industrial sectors, despite declines in the United States and Europe, according to the latest market update from the International Energy Agency (IEA). In 2022, coal consumption surged 3.3% to a staggering 8.3 billion tonne, setting a new all-time record.

After days of receding, the Yamuna water level in the national capital once again crossed the danger mark amid incessant rains in Delhi and adjoining areas. In the NCR, the Hindon River also witnessed a rise in the water level.

Pankaj Murarka, Founder, Renaissance Investment, says “good companies, even if they are small, tend to have a long track record of paying good or healthy dividends to shareholders, which effectively shows that the company is shareholder-friendly.”Which are the top four-five points that you look into a smallcap before investing. As a thumb rule, which five areas that the company or the financials of the company should justify before you enter?Essentially, the first thing I would advise investors to look at is look at the balance sheet of the company. you want a company which does not have significant leverage or debt on its balance sheet; you want a company with a strong balance sheet.

A Santhi Kumari on Thursday said the administration has been put on alert as heavy rains continued to lash the state. The downpour led to inundation of low-lying areas and damage to roads at several places in the state with rivulets and other water bodies overflowing. In the temple town of Bhadrachalam, water level in Godavari river stood at 49.80 ft at 1 PM and the second flood warning was in force (third and final flood warning level is 53 ft), official sources said.

₹83.6 crore for the quarter ended June 2023, registering a growth of 43.6% year-on-year (YoY). The net profit of the company in the corresponding quarter of previous year was ₹58.2 crore. Dr Lal Pathlabs’ consolidated revenue in Q1FY24 increased 7.6% to ₹541 crore from ₹502.7 crore, YoY.

₹10,000 crore to buy back shares at a maximum price of ₹3,000. It was announced when the stock price was around ₹2,565, and by close on Wednesday, it had risen to ₹2,652. Hence, the offer was at a premium of 17% to market price.

Modi during his recent visit to Rajasthan slammed the state government when he was addressing a rally on Thursday.PM Modi commented on the recent event where Rajendra Singh Gudha, MLA from Udaipurwati in Rajasthan's Jhunjhunu district, had waved a 'red diary' in the assembly alleging it contained details of financial irregularities involving Chief Minister Ashok Gehlot and others. "Lal diary is a fresh project of 'jhoot ki dukan,' it is said party's (congress) dark deeds recorded in diary," said PM Modi. PM Modi did not stop his attack on Rajasthan's current government here. He further added that Congress has to be thrown out of power to stop the paper leak industry running in Rajasthan to fulfill the dreams of youths in the state.

The Australian Energy Market Operator says it has approved more project capacity to connect to the grid this year than last, as governments rush to reach ambitious renewable energy targets by the end of the decade.