COMPOSITE Financial News

13.07 / 04:39

UPS COMPOSITE NIFTY TCS SENSEX index 500 surges At Fresh Peaks! Sensex surges over 500 points, Nifty above 19,500 on gains in index heavyweights

The BSE Sensex was trading 532 points or 0.81% higher at 65,925, while the Nifty50 was trading at 19,534, up 150 points or 0.78% at around 9.52 am. The US inflation rate for June came in lower than expected at 3%, the smallest year-over-year increase in two years.

13.07 / 02:25

UPS NASDAQ COMPOSITE NVIDIA Marvell Broadcom Nasdaq leads Wall St to higher close as CPI report lifts sentiment

Nasdaq after a report showed inflation subsided further with consumer prices registering their smallest annual increase in more than two years. The data underscored expectations the Federal Reserve may let interest rates stand after one more 25 basis point hike expected at its July policy meeting. Shares of big tech-related companies, which tend to be sensitive to higher interest rates, gave the S&P 500 its biggest boost.

12.07 / 21:19

NASDAQ DOW COMPOSITE US stocks Global markets update: US stocks gain after slowdown in inflation, Nasdaq rallies 1.16%

inflation data bolstered hopes that the Federal Reserve could end its interest rate hikes soon. The S&P 500 gained 33.40 points, or 0.75%, at 4,472.66 points. The Nasdaq Composite climbed 160.30 points, or 1.16%, at 13,921.00. The Dow Jones Industrial Average rose 92.17 points, or 0.27%, at 34,353.59.

12.07 / 13:03

UPS NASDAQ DOW COMPOSITE How major US stock indexes fared Tuesday7/11/2023

Stocks closed higher on Wall Street as investors wait for updates on inflation and corporate profits

12.07 / 13:03

UPS DOW Manufacturing COMPOSITE inflation data Stock market today: Wall Street points higher again ahead of new US inflation data

Wall Street is inching higher ahead of an update on U.S. inflation that could play into the Federal Reserve’s next interest rate decision later this month

12.07 / 11:53

FIVE Software COMPOSITE ISRO successfully completes 'launch rehearsal", stage set for Chandrayaan-3's lunar mission

ISRO announced on Monday that it has successfully completed the «launch rehearsal» for India's third moon mission, setting the stage for the countdown which is set to begin on July 14. Scheduled for 2.50 p.m. on July 14, the Chandrayaan-3 spacecraft will embark on a its lunar journey after being deployed by the LVM3 rocket.

12.07 / 06:25

UPS Waters Action COMPOSITE Simulation ISRO gears up for third lunar mission as India eyes to achieve rare feat

moon in its third expedition on Friday in an attempt to put the country in an elite club of nations that accomplished lunar missions with a soft landing. 'Fat boy' LVM3-M4 rocket will carry Chandrayaan-3 as part of the country's ambitious moon mission as the Indian Space Research Organisation is gearing up for the hugely anticipated launch from this spaceport on July 14. The soft landing on moon's surface is planned for late August.

11.07 / 21:01

UPS Provident COMPOSITE DAX Nikkei US stocks Global markets update: US stocks climb ahead of inflation

US Federal Reserve was nearing the end of its interest rate hiking cycle. The pan-European STOXX 600 ended 0.7% higher. Irish stocks jumped 2.1%, boosted by gains in Kingspan which climbed 15.7% after forecasting record profit for the first half of the year.

11.07 / 19:29

UPS FIVE Digital Fighting COMPOSITE Big gin makers double sales, take fight to small peers

gin brands owned by large companies regained market share in 2022 after small handmade batches of local brands, especially from Goa, stirred up the segment over the past three years. While most brands, big and small, increased sales in double digits, Bombay Sapphire, Jaisalmer, Beefeater and Big Ben more than doubled their sales, outpacing craft gin brands, according to the latest IWSR Drinks Market Analysis report sourced from industry executives. At the same time, newer entrants, including Samsara, Hapusa and Stranger & Sons, increased sales 50-70 per cent.

11.07 / 17:25

Provident Cooper Racing COMPOSITE ICBC From 5% to 28% GST rates, here are key highlights of 50th GST council meeting

GST Council concluded on Tuesday with the goods and services tax rate trimmed down to 5% in four items. Also, the council exempted GST on several imported pharma products. However, one of the biggest highlights was the 28% tax rate imposed on the full value of online gaming which is likely a setback for Indian players.

11.07 / 16:07

UPS Waves Waters COMPOSITE ICE Don’t overreact to the cancer risk of sugar-free sweeteners

There was good reason to avoid products with the artificial sweetener aspartame even before the World Health Organization classified it as a “possible carcinogen." Now diet soda drinkers might want to quit their cans. But first, some perspective: “Possible carcinogen" is the weakest of three bins into which WHO classifies anything that’s even remotely tied to cancer in any kind of study. It labels substances with more serious links to cancer as “probable carcinogens" and if the evidence is really strong, “carcinogenic to humans." That middle category includes things that many of us consume routinely, including alcoholic beverages and very hot drinks (linked to oesophageal cancer).

11.07 / 14:37

UPS Extreme COMPOSITE RBC Posthaste: How another Bank of Canada rate hike will affect the housing market

Good morning!

11.07 / 13:49

Platform Racing COMPOSITE GST Council Meet: 28% GST will be levied on online gaming, horse racing, casinos on full value

While the Group of Ministers (GoM) in their previous meeting broadly agreed for the proposed taxes on the said activities, there was no consensus on online gaming as Goa proposed to impose only 18 per cent tax on platform fees.GST council agreed on there should be no distinction between game of skill and game of chance. A group of top online gaming firms represented by the FICCI Gaming Committee, however, urged the Central Board of Indirect Taxes & Customs (CBIC) not to hike the GST rate for the sector to 28 per cent as they cited it would be “extremely detrimental to the survival of the online gaming industry as no business operations can survive with such high taxation.”Tax on F&B in Cinema Halls

11.07 / 13:39

MET DOW COMPOSITE Stock market today: Wall Street points slightly higher ahead of US inflation update

Wall Street ticked modestly higher ahead of a U.S. inflation update that markets hope will convince the Federal Reserve to hold off raising interest rates again when it meets later this month

11.07 / 10:19

UPS Booking COMPOSITE Deloitte BAC Centre Byju's account books on radar as Centre orders inspection: Report

edtech startup Byju's. It has sought a report in six weeks, the Bloomberg News reported, citing people familiar with the matter. A media report (Hindu Business Line) on July 8 said the SFIO, a multi-disciplinary organization under the Ministry of Corporate Affairs (MCA), has begun its probe against Byju's.

11.07 / 09:37

UPS NASDAQ DOW COMPOSITE How major US stock indexes fared Monday 7/10/2023

Stocks drifted higher on Wall Street ahead of a week with updates on where inflation and corporate profits are heading

11.07 / 09:37

Target DOW COMPOSITE Nikkei KOSPI rate hikes Stock market today: Asian shares rise ahead of a US inflation update on hopes for easing rate hikes

Asian stock markets followed Wall Street higher Tuesday ahead of an update on U.S. consumer prices that traders hope will show inflation is easing, reducing the need for more interest rate hikes

11.07 / 09:37

Target DOW COMPOSITE DAX rate hikes Stock market today: Global shares rise ahead of US inflation update on hopes for easing rate hikes

Global stock markets are higher ahead of a U.S. inflation update that traders hope will show the need for more interest rate hikes is easing

11.07 / 05:19

Provident FIVE COMPOSITE Quant Mutual Fund files draft for Quant Retirement Fund

Quant Retirement Fund will be an open-ended retirement solution oriented scheme with a lock-in of five years or till retirement age, whichever is earlier. The scheme will be benchmarked against 65% S&P BSE 200 TRI + 15% CRISIL Short Term Bond Fund Index + 20% iCOMDEX Composite Index. The scheme will be managed by Sandeep Tandon, Anikt Pande, Sanjeev Sharma, and Vasav Sahgal. According to the scheme information document, the investment objective of the scheme is to provide the investment plans to grow retirement savings that serves the variable needs of the investors through long term diversified investments in different asset classes.

11.07 / 00:49

UPS DOW COMPOSITE US stocks inflation data Global markets update: US stocks up marginally as investors await inflation data

inflation data, due to be released on Wednesday. The S&P 500 gained 3.89 points, or 0.09%, at 4,402.84. The Dow Jones Industrial Average rose 167.86 points, or 0.5%, at 33,902.74.

11.07 / 00:45

Facebook Digital Citizens Google COMPOSITE Power Data Bill may give govt power to lower the age of consent

Bill seen by ET. But in such cases, the company that is seeking consent for processing children's data must demonstrate that it uses the information in a “verifiably safe” manner, shows the draft Digital Personal Data Protection Bill, 2023, seen by ET.

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