Action Financial News

Hillier's election went unopposed as she was the sole nomination for the position. She succeeds former chair of the Treasury Committee Harriett Baldwin, and will take on the role once all committee members have been appointed by the House of Commons. Investors show lukewarm confidence in Chancellor Reeves as fiscal challenges mount «It is a privilege to become chair of the Treasury Committee. I look forward to working with my fellow MPs to scrutinise the actions of this country's most prominent financial institutions over the course of the next parliament,» Hillier commented. «D...

Khoon Goh, Head of Asia Research, ANZ, says every time the Fed embarks on a fresh easing cycle, the dollar tends to depreciate heading into not only the first rate cut but the second rate cut as well. So, I think there is a further downside in the dollar to come in the coming months. The dollar index continues to be fairly volatile. In fact, from those 106 levels, it is down to 101. Even the Indian rupee for that matter had weakened quite a bit and is almost at the lowest point. What is your sense as to where the dollar is headed next? Khoon Goh: Overall, I am still bearish on the US dollar. I believe the dollar is clearly on a downtrend on the back of expectations that the Fed will start its easing cycle next week. And when we look at history, every time the Fed embarks on a fresh easing cycle, the dollar does tend to depreciate heading into not only the first rate cut but the second rate cut as well. So, I think there is a further downside in the dollar to come in the coming months.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Delhi government has announced a complete ban on all types of firecrackers until January 1, 2024, in an effort to curb air pollution. This ban includes the production, sale, and use of all firecrackers, including green ones, in the capital. The announcement came from Gopal Rai, the state environment minister, who highlighted that air pollution spikes in Delhi during winter and fireworks add to the problem.

₹79,900 last year and is now getting a flat ₹10,000 price drop, going straight to ₹69,900. Meanwhile, the iPhone 15 Plus is also seeing a similar reduction in price and is available for ₹79,900 compared to its ₹89,900 price earlier.

India and the Gulf Cooperation Council (GCC) on Monday, at their first-ever Foreign Ministers meeting in Riyadh, adopted a Joint Action Plan 2024-2028 for undertaking various joint activities in diverse areas, including health, trade, security, agriculture and food security, transportation, energy, culture, among others.

«This is supported by healthy macros and retail participation. Overall we expect the market to continue its consolidation mode with a gradual up move. US & Europe policy meeting in the near term would keep investors on edge,» said Siddhartha Khemka, Head — Research, Wealth Management, Motilal Oswal.

Very few people who live near the East Palestine, Ohio, train derailment opted out of a $600 million class action settlement despite reservations about whether the deal offers enough

Religare Enterprise takeover battle between chairperson Rashmi Saluja and the Burman family members, the Enforcement Directorate (ED) has filed a case of cheating and criminal conspiracy against Saluja and two other key management personnel of REL.

equity indices snapped from their losing streak in the past week to close higher on Monday, led by gains in banking and consumer stocks, despite lingering concerns over the U.S. economy following last week's jobs data, which indicated a continued slowdown in the labor market. The Nifty 50 index settled 0.34% higher at 24,936 points. The S&P BSE Sensex gained 0.46% at 81,559 points.

Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection as it contends with a pullback in consumer spending and soft sales

Seven companies settled with the Securities and Exchange Commission over charges that they violated rules protecting whistleblowers who report potential misconduct to the regulatory agency

September is shaping up to be an exciting month for Hindi OTT enthusiasts, with a slew of highly anticipated releases hitting popular streaming platforms. Whether you're in the mood for adrenaline-pumping action, laugh-out-loud comedy, or spine-tingling thrillers, there's something for everyone. From Disney+ Hotstar's intense new thriller Kill to Amazon Prime Video's charming romantic comedy Call Me Bae, and the gripping continuation of Tanaav on SonyLIV, these shows and films are set to captivate audiences. Additionally, Netflix and ZEE5 are bringing their own brand of suspense with Sector 36 and Berlin, respectively.

National Clean Air Programme (NCAP) have improved air quality. Impressively, 21 of these cities have cut PM10 pollution by over 40% compared to 2017-18 levels, achieving the target two years ahead of schedule. India launched NCAP in 2019 with an aim to reduce particulate pollution by 20-30% by 2024, using 2017 as the base year.

SEBI) and the country’s two stock exchanges –National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), the Supreme Court on Monday set aside a Bombay High Court order that imposed a cost of Rs 80 lakh on them for “illegally” freezing the demat accounts of two Mumbai residents Dr Pradeep Mehta and his son Neil Pradeep Mehta. Their demat accounts were erroneously frozen in 2017 as Pradeep Mehta happened to be one of the promoters of Shrenuj & Co at one point of time. Shrenuj could not file its quarterly earnings for April-June, July-September and October-December in 2016.

EV transition of fleets by companies is 'very important' to 'somewhat important' in reducing air pollution and emissions, according to a study released by Sustainability Mobility Network (SMN) on Monday. The study, 'Consumer Perceptions & Insights in the Last Mile Delivery Sector for the Transition to Electric Vehicles (EV)', has also concluded that more than 80 per cent of respondents from Bengaluru are willing to switch to a brand with strong emission reduction commitments. Last-mile delivery refers to the transportation of goods from its distribution hub to the door of the customer. As of 2024, the last mile delivery sector alone is responsible for the emission of 5 lakh tonnes of CO2, a greenhouse gas, into the atmosphere. In Karnataka, apart from Bengaluru, consumers from Hubli-Dharwad were also surveyed.

Donald Trump’s speech on the economy last week was as usual a jumble of good (deregulation and taxes), bad (tariffs), and incoherent (child care). But one new idea he floated is a very good one and deserves more attention: The former President said he’d ask Elon Musk to run a Government Efficiency Commission. Eyes understandably glaze over at the sound of “commission," which is usually intended to duck a hard issue.

The impasse between DirecTV and Disney over a new carriage agreement has become more heated as it entered its second week

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

iPhone 16 and iPhone 16 Plus are expected to retain many of the same design elements as last year, including a 6.1-inch and 6.7-inch screen and an aluminium body. However, a major design change is likely to be the change in camera layout from a diagonal setup on the iPhone 15 series to a vertical pill-shaped cut-out this year to facilitate spatial video recording.The iPhone 16 and 16 Plus are also likely to get a major performance boost with the addition of the Apple A18 chipset and a base 8GB RAM variant (up from 6GB last year).

Moving Forward, the upcoming FOMC meeting, scheduled for mid-September, is drawing significant attention, with widespread expectations that the Federal Reserve will cut interest rates. Domestically, investors will be closely watching the rupee's movement against the dollar, crude oil prices, and the investment trends of foreign portfolio investors.