COMPOSITE Financial News

Board Advisory Committee (BAC) to guide and advise the beleaguered edtech major on the composition of its board and governance structure, CEO Byju Raveendran told shareholders on Tuesday. The BAC will serve as a working group consisting of independent directors with credible backgrounds and relevant experience from diverse corporate fields, as per a memo of the minutes of a shareholders’ meeting that ET has reviewed.

The Dow Jones Industrial Average fell 117.25 points, or 0.34%, at the open to 34,171.39. The S&P 500 opened lower by 24.20 points, or 0.54%, at 4,422.62, while the Nasdaq Composite dropped 138.49 points, or 1.00%, to 13,653.17 at the opening bell.

Investing.com — European stock markets fell sharply Thursday, with risk sentiment hit by the release of hawkish minutes of the Federal Reserve’s June meeting as well as weak economic signals.

Chandrayaan-3 is expected to be launched between July 13 to July 19. Ahead of the launch, India's premier space agency completed the mating of Chandrayaan-3 orbiter with the LVM3 launch vehicle at the Satish Dhawan Space Centre in Sriharikota on July 5. Built at a cost of around ₹615 crore, India's third lunar mission is aimed at achieving a successful landing of the lander on the moon's surface, followed by the deployment of a rover to carry out a range of experiments.

Wall Street's main indexes ended with modest declines on Wednesday as investors digested minutes from the U.S. Federal Reserve's latest meeting and braced for significant economic data in the days to come. Minutes showed a united Fed agreed to hold interest rates steady at the June meeting as a way to buy time and assess whether further rate hikes would be needed.

economic activity fell in June. According to revised figures from the HCOB Eurozone Composite purchasing managers' index, Eurozone economic activity fell to 49.9 points in June, just under the 50-point mark indicating zero growth. The EURO STOXX 50 index closed 0.9% lower, its worst session since end May.

Nifty finished close to the 19,400 mark. Gains were capped by weak global cues and moderate Service PMI data. Global investors' risk appetite was weakened by uncertainty around the upcoming release of FOMC minutes.

Stocks on Wall Street have been on a tear since the start of the year as signs of cooling inflation fueled bets the Federal Reserve is nearing the end of its tightening cycle while a recent batch of upbeat economic data helped ease recession fears.

Investing.com — U.S. stocks were falling as investors awaited the minutes of the latest Federal Reserve policy meeting.

The Dow Jones Industrial Average fell 73.75 points, or 0.21%, at the open to 34,344.72. The S&P 500 opened lower by 13.55 points, or 0.30%, at 4,442.04, while the Nasdaq Composite dropped 44.67 points, or 0.32%, to 13,772.10 at the opening bell.

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Global Market Intelligence. "This bullish pick-up in growth momentum supported a further sharp upturn in business activity and encouraged another uplift in employment figures, boding well to near-term growth prospects," she added. India's services sector, one of the fastest growing in the world, contributes to over 50% of the country's GDP.

The S&P Global India services Purchasing Managers' Index (PMI) fell to 58.5 last month from 61.2 in May. Data on Tuesday showed that India's manufacturing PMI fell to 58.7 in June from 57.8 in May. As a result, India's composite PMI reading retreated to 59.4 in June from 61.6 in May.

Indian market scaled record high for the fourth consecutive session on Tuesday led by robust foreign capital inflow amid optimism over the country’s bright macroeconomic outlook. Also Read: Buy or sell: Vaishali Parekh recommends buying in 3 stocks today — 5 July Japan’s Nikkei 225 declined 0.36% and the Topix fell 0.5%. South Korea’s Kospi gained 0.15% and the Kosdaq rose 0.11%.

data, with a firmer dollar keeping prices in check.FUNDAMENTALS * Spot gold held steady at $1,926.52 per ounce by 0034 GMT, while U.S. gold futures rose 0.3% to $1,934.30.

Stocks drifted higher Monday as momentum slowed on Wall Street following a powerful rally to start the year

Global stock markets are mostly higher after Australia's central bank kept its key lending rate unchanged and Wall Street hit a 15-month high

Prashant Kishor on Tuesday said the opposition unity drive would reap electoral benefits only if it came up with a «narrative» and did not rely solely on «arithmetic». Talking to reporters in Bihar's Samastipur district, he refused to attach much political importance to the split in NCP in Maharashtra and the CBI chargesheet against Bihar Deputy Chief Minister Tejashwi Yadav. «A combined opposition can work only if it succeeds in creating a narrative against the regime. The Janata Party experiment came on the back of the Emergency and Jayaprakash Narayan's mass movement. During VP Singh's rule, the Bofors scandal had caught public imagination,» said the IPAC founder. Kishor said, «Mere political arithmetic, devoid of a rational narrative, is unlikely to strike a chord with people.» Kishor, who has given up political consultancy, recently revived his «Jan Suraaj» campaign in Bihar after a gap of more than a month during which he nursed a ligament injury. Asked about the development in Maharashtra, Kishor said, «It is for the people of that state to decide whether what has happened is appropriate or not. But normally a party does not lose its support base just because of some MLAs jumping ship. I don't see any serious impact on NCP.»

India has doubled its share of global commercial services exports to 4.4 per cent in 2022 from 2 per cent in 2005, according to a World Bank and World Trade Organisation (WTO) report. "China and India doubled their share of global commercial services exports from 2005 to 2022, from 3.0 per cent to 5.4 per cent, and from 2.0 per cent to 4.4 per cent, respectively," it said.

Tesla shares jumped 6.9% as the electric vehicle maker said it delivered a record number of vehicles in the second quarter. Shares of major banks gained after the companies raised dividends as they sailed through the Federal Reserve's annual health check. Wells Fargo shares rose 1.7%, Citigroup shares climbed 1.5%, while the S&P 500 banks index ended up 1.5%.

Investing.com — U.S. stock futures were trading in a mixed fashion during Monday's evening deals, following a shortened regular session, where Tesla Inc (NASDAQ:TSLA) surged 6.9% following higher than expected delivery and production numbers.