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The surging dollar has hurt stocks outside the US but one group at least stands to gain: companies that export to the world’s largest economy.

Mint in the week gone by. Top software services firms that declared their latest earnings painted a subdued outlook for the fiscal year 2024-25, while the seasonally adjusted HSBC flash composite purchasing managers’ index (PMI) output index for India surged to nearly a 14-year high of 62.2 in April. The corporate earnings season began with information technology (IT) majors Infosys, Wipro and Tata Consultancy Services (TCS) releasing their results for the March quarter.

core inflation is higher than that of food inflation and the response of core inflation to fuel price shock becomes significant and large during global uncertainties, said a research paper by RBI economists. Food inflation is better anchored since the central bank moved to flexible inflation targeting as its policy goal, the paper said. The paper assessed the degree and duration of the potential second-round effects of food and fuel price shocks on headline inflation. " Our analysis suggests that headline inflation reverts to core inflation and not vice versa. While there has been a decline in the volatility of fuel inflation, its impact on core inflation has turned significant of late" said Harendra Kumar Behera and Abhishek Ranjan from the Reserve Bank's department of Economic and Policy Research. The views are however those of the authors. The article tried to estimate the impact of food and fuel inflation shocks on core inflation to assess second-round effects as it helps to assess whether monetary policy should react to temporary supply shocks. The response of core inflation to food inflation shock is found to be the highest during the 2nd to 3rd quarter and starts dampening thereafter.

financial markets, is a testament to this. In algorithmic trading, even microseconds matter. Amidst the staggering data volumes, sentiment analysis decodes market sentiments in real-time.

Inflation, although not the only factor influencing voter behaviour, has historically triggered considerable concern ahead of elections—whether it was the skyrocketing onion prices before the 1998 polls or the double-digit inflation prior to 2014. The recent price pinch has forced the current government, too, to announce measures such as the reduction in petrol and diesel prices. “If you see the nature of inflation shocks in India, they tend to be more on the supply side, which is food and fuel, and the levers to contain those happen to be in the hands of the governments," said Renu Kohli, senior fellow at Centre for Social and Economic Progress (CSEP).

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Day trading guide for today: Domestic equity benchmarks Sensex and Nifty 50 rose for the third straight day in the previous session following gains in telecom, tech and consumer durable shares amid a strong trend in the global markets. Volatility index plunged to within a margin of its record closing low amid fading worries over a major escalation in the Middle East conflict. The fear gauge India VIX which suggests how much the Nifty 50 index is likely to change in the next 30 days, plunged 20 per cent to reach near the level of 10.

By Niels Veldhuis and Jake Fuss

India’s tech hub Bengaluru has been grappling with an acute water crisis for the past few weeks. The city’s high concentration of major industries—beyond just tech—has set alarm bells ringing with temperatures set to shoot up further. While it’s not possible to track water usage at offices across the city, a similar exercise for listed companies headquartered in Karnataka’s capital revealed an 11% collective increase in consumption in 2022-23.

NEW DELHI : Consulting firms have begun practising what they’ve been preaching: bet on artificial intelligence to rein in costs. For employees, though, particularly those in the junior ranks, it’s been at their cost.

Mutual funds increased their investment in India’s most valued stock Reliance Industries (RIL) in the March quarter by 53 basis points to 7.50%. Their stake was valued at Rs 1.47 lakh crore. There were around 86 shareholders in the March quarter with a total investment of around 7.50% against 6.97% in the December quarter, according to data from BSE India. Further analysis of mutual fund data showed that mutual fund houses had 49,54,52,190 shares in their portfolio of Reliance Industries.

BlockDAG (BDAG) network is turning heads with its groundbreaking X1 miner application, which makes the process of mining seamless. This app has revolutionised smartphone mining, making it more accessible and effective. Recently, BlockDAG celebrated the successful sale of its coins at just $0.005 each, recording over $2.2 million from mining equipment sales alone.

Amid a flurry of deep fake videos by top bosses of NSE and BSE, how can investors stay cautious and safe 1. Stay away from Mr Market: The price quoted by Mr Market has no relevance if you don’t intend to sell your securities. It’s pointless to see the price every day unless you intend to buy or sell a stock that day.

AI offers a wealth of opportunities, from streamlining operations to driving innovation and delivering personalised customer experiences. Failure to embrace AI integration means missing out on the efficiency gains, insights, and strategic advantages that AI brings to the table. One of the primary areas where AI is making significant strides is automation.

ISRO) said on Monday an analysis of decades of satellite imagery has revealed that glaciers across the Indian Himalayas—often called the Third Pole because of extensive glaciers and snow cover—are melting at an unprecedented rate, resulting in significant expansion of the glacial lakes. “This retreat leads to the formation of new lakes and the enlargement of existing ones in the Himalayan region.

Sectorally, buying was seen in capital goods, consumer durables, public sector, and healthcare stocks while selling was seen in utilities.

Bitcoin’s latest price dip to under $60,000 has raised questions as to whether the asset’s spectacular bull run this year could be ending earlier than expected.

Shiba Shootout ($SHIBASHOOT) has kindled the new meme coin craze. Drawing inspiration from the legendary Shiba Inu meme coin, the project embarks on an exciting journey themed around the crypto Wild West. 

A majority of Americans who are set to retire between 2024 and 2030, known as peak boomers, are not adequately prepared financially, according to a new study commissioned by the ALI Retirement Income Institute.

CSDS earlier released a detailed analysis of how accurate were the opinion polls during the Lok Sabha Elections from 1998 to 2009. A political party needs to win 272 seats of the total 543 seats to gain a majority in the Lok Sabha in India. The report revealed that the pre-election opinion polls in the 1998 Lok Sabha Elections were "almost accurate", while the prediction in the 1999 elections "slightly overestimated" the performance of the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA).

Xuirin Finance is a new DeFi project aiming to ensure decentralized financial services become accessible to all and sundry. The company recently introduced state-of-the-art DeFi debit cards with advanced features. The DeFi debit card by Xuirin allows users to use their cryptocurrency to make everyday purchases, access AI-powered peer-to-peer (P2P) lending, and safeguard their crypto assets.