Action Financial News

Chicago Federal Reserve President Austan Goolsbee on Monday vowed that the central bank would react to signs of weakness in the economy and indicated that interest rates could be too restrictive now.

Wayanad disaster, but right now, the affected people battling psychological trauma require attention and sympathy, senior Congress leader Shashi Tharoor said on Monday. Tharoor was responding to Union Environment Minister Bhupender Yadav's remarks that the Kerala government allowed «illegal human habitat expansion and mining» in the state's fragile region which resulted in the devastating landslides in Wayanad district. «If there has been any illegality that certainly should not be condoned and action should be taken. On that, I think we are all in (of) the same view that illegality is not something anybody welcomes. And I am sure the committee should do a professional job and make the decisions it needs to make,» Tharoor told PTI Video.

Lakshya Sen vs Lee Zii Jia Live Score Updates: Although the World No. 22 shuttler Lakshya Sen's dreams of winning a gold were dashed on August 4, when he lost to World No. 2 Viktor Axelsen of Denmark, he's now set for the bronze medal match today evening.

Sumant Sinha, chairman and managing director of Gurgaon-based ReNew, was recently appointed co-chair of the Switzerland-based Alliance of CEO Climate Leaders. This private sector collective has about 130 global chief executive officers from 26 countries representing 12 industries. Apart from ReNew, at an institutional level, there are eight other Indian companies that are part of this group.

With its population of 1.4 billion and a massive manufacturing industry, China is by far the world's largest emitter of the greenhouse gases that scientists say drive climate change and make extreme weather more frequent and intense. Until now the country had set itself climate targets based on the carbon intensity of its economic growth, meaning it set objectives to reduce its emissions per unit of wealth produced.

At least 11 firms, including Indus Towers Ltd., have or are set to approve share buybacks shortly after the new regime was proposed in the budget on July 23. This is a jump from the average of about four transactions per month in 2023, data from primeinfobase.com show.

Police forces across the UK have made at least 100 arrests as violent clashes and unrest involving anti-immigration far-right groups continued to spread over the weekend, with Prime Minister Keir Starmer offering his full support to officers to take firm action against the «extremists». Bricks being hurled, fireworks thrown, windows of a hotel housing asylum seekers smashed, shops attacked and set on fire and several scuffles breaking out between mobs and the police were among the scenes of confrontation that played out in Liverpool, Hull, Bristol, Leeds, Blackpool, Stoke-on-Trent, Belfast, Nottingham and Manchester on Saturday. UK Home Secretary Yvette Cooper warned the mobs they will «pay the price» for such «criminal disorder and violent thuggery». «Addressing the scenes of disorder we have seen, the Prime Minister set out that the police have our full support to take action against extremists on our streets who are attacking police officers, disrupting local businesses and attempting to sow hate by intimidating communities,» Downing Street said after a high-level meeting of ministers convened by Starmer on Saturday.

There is more than one way to skin a cat," goes an old English proverb, which means that there are many ways to accomplish the same task. In central bank-speak, the equivalent would perhaps be: “There is more than one way to effect a soft-landing," that holy grail of central banks the world over. For, going by their actions, especially in recent times, there is no single path to getting there.

aviation sector with the introduction of the Bhartiya Vayuyan Vidheyak Bill 2024 in the Lok Sabha. This Bill replaces the Aircraft Act of 1934, which has undergone 21 amendments over the years and aims to align the Indian aviation sector with global standards. The proposed legislation, consisting 44 clauses, seeks to streamline regulations and foster growth in India’s rapidly expanding aviation market. The Bill was introduced in Parliament last week.

Steven Soderbergh is set to add another feather to his cap with his upcoming spy thriller, Black Bag. Known for his prolific and innovative filmmaking over the past few decades, Soderbergh has kept fans eagerly anticipating his latest venture. Though details about Black Bag remain under wraps, several key pieces of information have emerged, including its release date, star-studded cast, and some intriguing hints about the plot.

West Bengal Governor CV Ananda Bose on Sunday said he respects Chief Minister Mamata Banerjee as an individual and has professional relations with her but the «politician Mamata Banerjee» is «not my cup of tea». In an interview with PTI, the West Bengal Governor, who has often been at loggerheads with Banerjee-led Trinamool Congress Government, spoke candidly about their differences. Asked about his relationship with Chief Minister Mamata Banerjee, Bose said, «Which Mamata Banerjee? There are three Mamata Banerjees in front of me.» «One is the individual Mamata Banerjee. I have a very good relationship with her. Second is the Chief Minister Mamata Banerjee. I have professional relations with her. Third is the politician Mamata Banerjee, that's not my cup of tea,» he said.

Chief of Defence Staff Gen Anil Chauhan and senior military officials are likely to hold wide-ranging deliberations on Monday on the government's plan to bring greater synergy among the Armed Forces in the area of financial planning in line with ensuring tri-services jointness. Gen Chauhan is set to elaborate on the plans while chairing an apex conference on financial synergy and cohesion in the Army, the Navy and the Air Force, officials said on Sunday. The deliberations on ensuring synergy among the Armed Forces on financial planning are taking place amid the government's ambitious plans to roll out theatre commands. Under the theaterisation model, the government seeks to integrate the capabilities of the Army, the Air Force and the Navy and optimally utilise their resources for wars and operations.

Raj Bhavan in Bengaluru is set to emerge as the centre of action as Governor Thawarchand Gehlot weighs on a request for sanction of prosecution of chief minister Siddaramaiah as the BJP-JDS padayatra and a counter rally by the Congress have picked up momentum. The NDA partners have accused the CM of unlawfully gaining 14 plots in an upscale Mysuru residential area and have set out on a weeklong march to Mysuru from Bengaluru gunning for his scalp. The Congress too has begun a six-day rally on Friday – a day ahead of the NDA yatra – as part of a counter strategy to deflect the attention away from the BJP show.

Samajwadi Party, Pathak also alleged that hooliganism and anarchy are in the DNA of the SP. The party last week had called for the DNA testing of the accused. Pathak, while reacting to SP Chief Akhilesh Yadav urging the court to order protection for the Ayodhya rape survivor considering the «sensitivity» of the case, said, «The culprits of the Ayodhya rape case will get such a harsh punishment, even their (future) generations will remember it.» Police on July 30 arrested Moid Khan, who runs a bakery in Bhadarsa Nagar of Ayodhya district, and his employee Raju Khan, in connection with the minor's rape.

Anupriya Patel on Sunday reiterated her demand of implementing reservation in fourth-class jobs in the private sector. «Reservation is not followed in appointments done in fourth-class posts via outsourcing in the private sector. The people of deprived sections used to get fourth-class jobs. When recruitment on these posts are done through outsourcing, no reservation law is followed,» Patel said while talking to reporters. «Our party wants reservation should be followed in all the appointments in fourth-class jobs through outsourcing in the private sector,» she said. On Uttar Pradesh Nazul Property (Management and use of public purposes) Bill, 2024 presented by the state government, Patel said it was «unnecessary».

The NSE Nifty 50 fell 1.17% to 24,717 points, while the S&P BSE Sensex shed 1.08% to 80,981, logging losses for the first time in six sessions. They also ended an eight-week winning run, their longest in 14 years.

Rajya Sabha by the government to a question on the MGNREGS, TMC MP Derek O'Brien on Sunday claimed the BJP-led Centre in its response has «finally» accepted that West Bengal has been given «zero» funds under the 100-day rural employment guarantee scheme. The TMC and its Lok Sabha MP Abhishek Banerjee have been demanding a white paper on the scheme to prove what the Centre had paid to West Bengal since the BJP's loss in the 2021 state assembly polls, Rajya Sabha member O'Brien said in a post on X. «Finally! Modi govt admits inside Parliament that Bengal's been given zero for MNREGA funds,» O'Brien said in a post on X, sharing the July 26 reply that gave state and UT-wise data of the last five financial years on the number of households that have completed 100 days of employment under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). In West Bengal, the number of households that completed 100 days of wage employment was «zero» in 2023-24, according to the written reply given by Union Minister of State for Rural Development Kamlesh Paswan in the Upper House of Parliament.

Middle East simmers with tension and stares at the possible Israel-Iran war, the United States announced plans to bolster its military presence in the region. Now the question is — Will it be 'Abraham Alliance' vs 'Axis of resistance' battle? Three US and Israeli officials told Axios that they expect Iran to launch an attack on Israel as early as Monday. This move comes in response to threats of retaliation from Iran and its regional allies following the killings of a Hamas leader in Tehran and a Hezbollah commander in Beirut, heightening fears of a broader conflict.

four members voted for a status quo, while two members–Ashima Goyal and Jayanth R Varma–voted for reducing the repo rate by 25 basis points and changing the stance from withdrawal of accommodation to neutral. “I think that the RBI will be very critically targeting the 4% levels for CPI inflation," said Indranil Pan, chief economist, Yes Bank.

coaching centres will shut down within the next 10 to 15 years. This forecast follows a tragic incident in Delhi's Old Rajinder Nagar area, where three civil services aspirants tragically drowned on July 27 due to flooding in a coaching centre's basement. In an interview with ANI, Kumar emphasized the need for a shift towards online education. «With the current pace of developments, I foresee a major transition in the coaching sector. Only a small fraction of online educational experiments have been conducted so far. Once high-quality online content and effective teaching methodologies are developed, online coaching will become more prevalent due to its cost efficiency and convenience for students,» Kumar stated.

Nifty opened with a gap down on Friday after reaching a new all-time high in the previous session and experienced weak price action throughout the day, closing down by 293 points. Meanwhile, the Bank Nifty has been underperforming and may continue to do so.