Action Financial News

court on Thursday will weigh lifting a Louisiana judge's order limiting the Biden administration's ability to communicate with social media companies to urge them to moderate information it deems harmful or misleading. A three-judge panel of the conservative-leaning 5th US Circuit Court of Appeals in New Orleans is set to hear arguments in the administration's appeal of the judge's ruling, which found that the government wrongly pushed social media firms to suppress disfavored political views.

Agricultural economist Ashok Gulati says the government should import wheat, to signal plentiful domestic availability and dampen expectations. This is sound advice, and in the short term, India should also export the damaged wheat FCI procured this season to meet the world’s need for animal feed, which would release some grain being devoted to animal feed for human consumption.

US investors who spent years fighting strict limits on their ability to invest in China scored a victory Wednesday when President Joe Biden released an order imposing only light curbs on the flow of money to the world’s second-largest economy.

Global stocks climbed while Treasuries traded flat as investors awaited US inflation data for cues on the Federal Reserve’s next steps. European gas prices advanced on concern about potential industrial action in Australia. 

As DEX token continue to dominate big market moves, ClownCoin (CLOWN) has become the latest entrant to undertake a skyrocket pump after a magnificent +25,750% launch last night.

Yandex, Arkady Volozh, on Thursday condemned what he described as Russia's «barbaric» invasion of Ukraine, days after criticism in Russia over his apparent efforts to distance himself from the country. Volozh described himself as a «Kazakhstan-born, Israeli tech entrepreneur» on a personal website, drawing some criticism in Russian media and on the Telegram messaging platform for apparently playing down his links to Russia. He has also been criticised by those opposed to Russia's actions for not speaking out more forcefully against the war.

Mahua Moitra on Thursday took potshots at the government over the ethnic violence in Manipur. Moitra said that the no-confidence motion is to break the code of silence on Manipur. «We are here to ask the question in our 'tum abhi chup raho' republic where the PM tells a Governor 'chup raho'.

Ajay Vora, Head-Equities, Nuvama Asset Management, says last quarter, we have seen a NIM compression across most banks and that has been a little more than what the market was expecting. Now the view is getting established that the rates are unlikely to come down in the near term. In fact, they will go a bit higher and put more pressure on the NIMs.

Vande Bharat's coach C – 13 on Train No. 20702 after passing Gudur, news agency PTI reported citing railway officials. "An unauthorised passenger boarded the train from Tirupati and locked himself in the toilet of C-13 coach...

Multibagger SME IPO: A long term investor enjoys some extra benefit over a short term investor or a jobber. They not only earn from stock price appreciation but from various other rewards that a listed company distributes from its capital reserves from time to time. These rewards can be interim, final or special dividend.

Dulquer Salmaan, riding high on the success of his recent series 'Guns & Gulaabs', is eagerly awaiting the launch of his forthcoming cinematic endeavor, 'King Of Kotha'. Directed by Abhilash Joshiy, the much-anticipated film is poised to grace the silver screen on August 24th, and the actor himself has affirmed that it will be a spectacular Onam treat for his devoted audience. The unveiling of the long-awaited trailer for 'King Of Kotha' has set cinephiles abuzz with excitement.

Vijayan, the Congress-led UDF on Thursday alleged in the Assembly that a "coterie" of persons in his office was controlling the police and not him. The allegation was made by the opposition UDF during heated discussions on the alleged continuation of police atrocities in the state and lack of steps on the part of the Left government to put an end to them. The opposition made the allegations in a notice moved by some UDF MLAs for adjournment of the House proceedings to discuss the issue of alleged police atrocities in the state.

Also read: Blockbuster ‘Barbie’ becomes first-ever woman directed movie to cross $1 billion in ticket sales worldwide Mortada's action claims that the film encourages "homosexuality and sexual transformation" and contradicts the principles of faith and morality by diminishing the significance of the family unit. Consequently, Interior Minister Bassam Mawlawi has requested General Security's censorship committee, responsible for censorship decisions and under the interior ministry, to assess the film and provide a recommendation.

Independence Day approaches, you might be in search of suitable animated or standard sticker packs to convey your wishes to friends on WhatsApp. Amidst the numerous third-party sticker applications available on the Play Store, you can choose to send your any favourite stickers to your friends, here is how. Step 1: Begin by navigating to the Google Play Store and searching for your preferred sticker application.

no-confidence motion in the Lok Sabha, Congress leader Rahul Gandhi, once again finds himself in the midst of controversy, this time due to an unconventional gesture that has sparked a storm of opinions. While his fiery speech during the ongoing debate garnered significant attention, it was his departure from the House that became the focal point.

repo rate and GDP growth forecast unchanged at 6.5 per cent, said Governor Shaktikanta Das while announcing the rate-setting panel’s decisions. «The MPC decided to remain watchful and evaluate the situation,» said governor Das. The rate-setting panel unanimously opted to hold the key lending rate steady, in-line with analysts' expectations. The repo rate, the key policy rate at which the RBI lends to the banks, was last increased in February 2023 by 25 basis points (bps). The RBI had kept the rate unchanged in April and June meetings, after hiking rates cumulatively by 250 bps. We take a quick look at economists’ view of RBI’s latest decisions.Dr. Aurodeep Nandi, India Economist and Vice President at Nomura

Manipur have written to Prime Minister Narendra Modi stating that the state requires complete disarmament to foster an environment of peace and security. The MLAs, most of whom are ethnic Meiteis, also demanded the withdrawal of the Suspension of Operations (SoO) Agreement with Kuki militant groups, implementation of NRC in the state and strengthening of the Autonomous District Councils (ADCs). In the memorandum, these MLAs opposed the demand for a 'separate administration' by Kuki groups.

PNB Housing Finance, part of the housing finance segment, have rallied more than 30% in the last three months which has helped the stock to close above the descending trendline resistance on monthly charts and stage a breakout from Cup and Handle pattern on the weekly charts. The breakout on both monthly and weekly charts has opened room for the stock to head towards 800-900 levels in the next 3-6 months, which would take the stock to a fresh 52-week high, suggest experts. The housing finance stock rose from Rs 458 hit on 6 April 2023, to Rs 620 recorded on 7 August 2023, which translates into an upside of 37% in the last 3 months.

«I would tend to see that the broad message of the policy as very much in line with expectations, very justifiably highlighting inflation risks, revising the Q2 numbers and so forth,» says Abheek Barua, Chief Economist, HDFC Bank.Was the stance really that hawkish for the market to fall the way it is because it is pretty much along expected lines? Yes, you described the key elements of the policy but one thing that you did not sort of refer to was this incremental CRR. It might be temporary, it could just be viewed as a technical measure but if you see it as an additional monetary policy signal and sort of a tightening signal at that, indicating that the RBI is not comfortable with current levels of liquidity, whatever the drivers may be, then I think that is the bit which was not priced in by the market.

Also read: Theatres get ready for an action-packed holiday weekend Another film trade analyst Sumit Kadel in a tweet on X also noted that the advance booking of the Sunny Deol and Ameesha Patel starrer at B&C tier single screen is even bigger than advance booking of SRK's Pathaan. In a recent tweet on X, film trade analyst Sumit Kadel mentioned that the advance booking for "Gadar 2" has seen a significant increase at national chains. He predicted that the pre-sale ticket count at PVR, Inox, and Cinepolis could reach around 3-3.5 lakh tickets by the night of August 10.

Suzlon Energy shares jumped 5% to the day's high of Rs 20 in Thursday's early trade after the company's Board approved to launch qualified institutional placement (QIP) to raise up to Rs 2,000 crore. The QIP will be of Rs 1,500 crore, with an oversubscription option of Rs 500 crore. The issue opened on Wednesday.