Cycling Financial News
23.08 / 18:57
UPS
Progressive
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Features
Fortnite Chapter 5 Season 4: What we know about end date, quest pack and more
Fortnite Chapter 5 Season 4 has introduced new POIs, weapons and a Marvel theme. This season also features fan-favorite characters in new forms. Players are curious about when this season will end and what to expect as it progresses.
23.08 / 18:21
Analysis
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International
Samsung's Galaxy Smart Ring may be unfixable if battery fails, suggests iFixit report
insights from iFixit, a major concern is the device's design, which could make repairs nearly impossible if the battery depletes or if there is a damage to any internal parts.According to the report, the problem lies in the Galaxy Ring's internal structure. The teardown analysis reveals that accessing the ring's internal components requires opening it from the inside, which could render the device non-functional.
23.08 / 17:08
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ETF
CryptoQuant
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Bitcoin
Experts Predict Solana Price Surge with Bull Market Only ‘Halfway’ Done
Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.
23.08 / 14:43
economy
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reports
Goldman Sachs cuts India’s 2024 and 2025 GDP growth forecasts
Goldman Sachs Group Inc. has lowered India’s growth forecast by 20 basis points each for this year and the next, citing a contraction in central government expenditure. The bank now expects the nation’s economy to expand at 6.7% in calendar 2024, and 6.4% in 2025. The current year’s downgrade factors a 35% year-on-year contraction in government expenditure during the April-June quarter that coincided with the weeks-long general election, the US bank’s economist led by Santanu Sengupta wrote in a report Friday. India’s growth next year will be hampered by the government’s commitment in the budget to bring down the fiscal deficit to below 4.5% of gross domestic product. Expansion will also face headwinds from slower real consumption growth, driven by a slowdown in household credit due to the Reserve Bank of India’s stricter rules to control unsecured lending by banks, the economists said.
23.08 / 10:46
markets
UPS
Aviat
Cycling
performer
rights
Shreyash Devalkar on how to spot winning stocks in India's expensive market
"Auto industry is 1.4 times compared to its pre-COVID level. So, we have to look at what is relatively better when it comes to the valuation and one should look at in that context, especially at this level of markets," says Shreyash Devalkar, Axis Mutual Fund. Nifty FMCG Index is actually at life-high levels. Is this really a right time to perhaps come up with a consumption fund or are you not concerned about valuations at all? Shreyash Devalkar: Actually in the market, most of the indices or most of the stocks are at their premium valuations and they are at their peak valuations per se. Barring, actually, if you look at the re-rating which has happened across the board. So, it has happened across the board. It is like consumer durable companies, say capital goods companies.
23.08 / 06:52
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Tube Investments shares down 0.84% as Nifty gains
Tube Investments of India Ltd. rose 0.84 per cent to Rs 4096.1 in Friday's trade. It hit an intraday high of Rs 4169.0 and low of Rs 4092.0, respectively, during the day. The stock quoted a 52-week high price of Rs 4666.0 and low of Rs 2752.3.
23.08 / 06:31
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Research
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gatherings
Updates
International
Gold Rate Today Live Updates: Gold price gains ahead of US Fed Chair Jerome Powell’s speech at Jackson Hole Symposium
₹71,400 per 10 grams level, while Silver prices rose above ₹84,030 per kg level. International bullion prices that hit an all-time high of $2,531.60 on Tuesday, have fallen nearly 1% this week amid a rebound in the dollar index and rise in US 10-year Treasury yields.
22.08 / 21:20
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Reuters
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Department
jobless claims
US jobless claims rise in latest week
unemployment benefits rose in the latest week, but the level still suggested a gradual cooling of the labor market remains intact. Initial claims for state unemployment benefits rose 4,000 to a seasonally adjusted 232,000 for the week ended Aug. 17, the Labor Department said on Thursday. Economists polled by Reuters had forecast 230,000 claims for the latest week. The latest data should continue to allay fears that the labor market is rapidly deteriorating, first raised after a much sharper than expected slowdown in job gains in July, which also saw the unemployment rate rise to a post-pandemic high of 4.3%.
22.08 / 17:03
UPS
Racing
Cycling
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Inside
The bike race that began inside an actual supermarket
jamón iberico, into part of a shopping mall, and through a tricky chicane until they finally emerged into the Spanish daylight. (To be clear, this section of the race was neutralized for safety—no one was allowed to launch an attack before the bunch had made it outdoors.) How a major bike race even wound up in a supermarket comes down to a question of sponsorship. Carrefour is one of the Vuelta’s major backers and organizers promised a “unique and original event that will make cycling history." The thing is, cycling history is already full of absurd detours.
22.08 / 16:17
markets
FIVE
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jobless claims
Stocks stall as traders parse jobless claims, Fed policymakers’ comments
Stocks wavered as traders weighed the latest economic reports for clues on the outlook for Federal Reserve rates in the run-up to Jerome Powell’s speech Friday.
22.08 / 13:27
security
wellness
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information
Features
Zerodha introduces 'privacy mode' on Kite to curb overtrading and hide sensitive information
Zerodha has introduced a new privacy mode feature for its website, where users can secure details, profit and loss (P&L) and other sensitive information. Zerodha says the feature will help investors not to overtrade as constantly seeing real-time changes in the P&L can often be distracting and may be tempting to overtrade.
22.08 / 11:04
FIVE
security
pandemic
Cycling
performer
testing
BCCI announces full fixture of India's series against England next year. Check details
BCCI) has released the full schedule for India's tour of England for 2025, which includes five test matches. Prior to this the England team will be visiting India to play five T20Is and three ODIs. India's tour to Englad is particularly crucial for India, as they seek their first series win in England since 2007 and aim to strengthen their position in the ICC World Test Championship 2025-27 cycle. India last toured England in 2021 for a series of four Tests under the captaincy of Virat Kohli, leading 2-1 before the final match was rescheduled to July 2022 due to the COVID-19 pandemic. In that decisive Test at Edgbaston, led by Jasprit Bumrah, India lost by seven wickets, resulting in a 2-2 draw and missing the chance to secure a series win in England.
22.08 / 08:26
22.08 / 07:55
markets
COST
security
Healthcare
love
Cycling
shock
Banks, financial stocks suffer Rs 15,000 crore shock from FIIs. Should you go against the wind?
financial stocks in the first fortnight of August and chose to raise exposure to defensives like healthcare, FMCG and consumer services. As against the total buying of Rs 11,646 crore in the previous fortnight, foreigners were net sellers to the tune of Rs 18,823 crore from 1-15 August.
22.08 / 06:45
Target
BLOCK
economy
Election
Bill
Cycling
US Treasury's debt-issuances are keeping inflation above the Fed target
Also read: Wall Street today: US stocks mixed, Fed minutes & Jackson Hole in focus We calculate that ATI has so far reduced coupon issuance by more than $800 billion, delivering a degree of stimulus similar to that of a 100-basis-point reduction in the Fed’s policy rate. Put another way, the Treasury has effectively offset all the Fed’s 2023 interest-rate hikes. Not only that, but the ATI has been supplemented with forward guidance, indicating that it will persist for another few quarters, to the other side of this year’s US election.
21.08 / 13:36
Provident
Digital
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Cycling
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Features
Best offers on washing machines: Save up to 55% on these top 10 picks with modern features for clean laundry at home
Samsung 8 kg Fully-Automatic Top Load Washing Machine Get superior washing performance with Samsung's 8 kg fully-automatic top load washing machine, meticulously designed for efficiency and durability. The Eco Bubble Technology ensures a comprehensive clean while protecting your clothing. Equipped with a Digital Inverter Motor, this machine enhances energy efficiency and minimizes noise, promoting a longer lifespan.
21.08 / 10:44
markets
COST
security
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Cycling
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performer
Q1 Earnings: The curious case of banking sector performance
The overall data from the Nifty 500 Index shows a year-over-year (YoY) revenue growth of 6.6%, an operating profit increase of 3.3% YoY, and a net profit growth of 2.6% YoY.
21.08 / 09:29
markets
UPS
FIVE
wellness
Cycling
stage
OMCs well placed as there is growth potential in new avenues and a surety of existing cash: MK Surana
MK Surana, Former CMD, HPCL, says crude below $80 and the cracks at $13 for HSD and $11 for MS, make OMCs well placed on overall setup. Also, many of these OMCs are going on a new path. OMCs are in a stage where there is a growth potential with a surety of the existing cash. Of course, the overhangs on the pricing part continue to be there, the possibility or not possibility of some interventions. Pure EV play may take some more time and the hybrid may be more common in the near future to come and that augurs well for the OMCs. How do you see the outlook for oil marketing companies? On the one hand, Brent is continuously under check, under $80 now and on the other hand, these OMCs are transforming beyond just being distributors of traditional fuel as well. MK Surana: The stage looks good as of today because the crude is below the psychological mark of $80. The global demand weakness as per many of the agencies who forecast is getting moderated from all the three agencies who have been doing IEA, EIA, or OPEC. The Indian demand is good on the overall while the global demand is lower. People have started recognising the weaknesses in China's demand growing in the current phase.
21.08 / 07:38
markets
Provident
Target
economy
Cycling
country
Could ‘two-factor authentication’ in India's fiscal policy be a masterstroke?
The 3% fiscal deficit target: Is it sacrosanct? Irrespective of how the data is sliced, India’s public debt position is weak for a country of its size and potential. Of countries in the BBB category, India has the highest fiscal-deficit-to-GDP and the third-highest general-government-debt-to-GDP ratios. Among large emerging markets, its debt-to-GDP metric is much higher than that of Thailand, Mexico, Philippines, and closer to below-investment-grade Brazil.
21.08 / 05:24
FIVE
Adventure
Cycling
performer
information
Features
mountaineering
Best cycles under ₹10000 in India: Top 5 affordable options for every rider's needs and budget
₹10,000, you’ll find a wide range of options available. Whether you’re a beginner seeking a dependable and affordable bike or looking to upgrade your current ride, key considerations include suspension quality, ease of assembly, and performance accessories. In this article, we’ll explore five top budget-friendly bicycles, analysing their features and specifications to help you make an informed choice.
21.08 / 02:40
markets
Target
Cycling
band
Diversity
performer
reports
Infosys employees start this fiscal with 80% bonus
Infosys kicked off the fiscal 2024-25 performance bonus pay-outs to eligible employees at an average of 80% for the first quarter ended June, in what could potentially uplift the mood across vast sections of the technology workforce. This pay-out is a substantial jump from the previous quarter ended March 31 when India’s second largest IT services firm had paid an average 60% of the targeted bonus. “This is the best we have seen in some time,” an Infosys employee told ET on the condition of anonymity.
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