Extreme Financial News

Thomas Edison's pioneering incandescent light bulb, which cast illumination by heating a filament until it glowed, is fading into history

Morgan Stanley on Thursday upgraded Indian stocks to overweight rating and ranked India as the No. 1 market in its basket of Asian emerging markets ex-Japan. Beating the likes of Korea and UAE, India jumped 5 places in Morgan Stanley's list on the back of a structural uptrend, secular leadership and relative valuations being less extreme than in October.

They recently upgraded Miami’s credit rating, citing a robust tax base and labor market. The city’s “elevated” environmental risks, S&P says, are offset by mitigation projects such as those designed to counter rising sea levels. As the world reels from the mounting impact of heat waves, droughts and fiercer storms, there is growing concern that credit rating analysts are misreading climate risks in the $133 trillion global bond market, to the detriment of creditors and borrowers alike.

Also read: Monsoon tracker: Very heavy rains predicted in these states for next 4 days. Check full forecast here Until 6th August, Northwest India is expected to experience light to moderate scattered to fairly widespread rainfall with isolated heavy rainfall. The regions likely to be affected include Uttarakhand and Uttar Pradesh until 6th August, Himachal Pradesh from 3rd to 6th August, and Punjab, Haryana, and East Rajasthan from 3rd to 5th August.

As per data gathered by ET, keywords like 'Remove Dress AI' and 'Deep fake AI tools' have seen a huge surge in Searches with related queries being those of websites like Undress AI, Magic Eraser AI, Soulgen AI. In the last week alone, 'Soulgen AI' has seen a 1,000% rise in searches while the keyword 'Soulgen' has seen a 1450% increase.

Toyota Motor is bringing a long-running icon of off-roading back to the U.S. At an event in Tokyo on Wednesday, Toyota showed off a new Land Cruiser, reminiscent of boxy pre-2000s versions of the sport-utility vehicle. The company said it plans to bring the new vehicle to the U.S.

Thomas Edison's pioneering incandescent light bulb, which cast illumination by heating a filament until it glowed, is fading into history

Drivers are in for another headache at the pump as U.S. gas prices continue to rise

Your chances of winning the lottery are extremely slim

Japanese giant Suntory will merge its two drinks businesses in Australasia to create a $3 billion-a-year company that will see alcohol brands including Jim Beam and the No.2 ready-to-drink spirits brand -196 brought under the same roof as non-alcohol products.

India Inc dislikes more than experiencing unease of doing business, it is publicly acknowledging unease of doing business. Like negotiating a tricky marriage, it prefers to keep its difficulties and frustrations ‘inside’, lest an admission of facing impediments is construed as ‘weakness,’ or even ‘failure’. So, while internally there may be much handwringing — whether pertaining to sectoral GST slabs, or other policy bumps on the road — externallyfacing, it is business as usual.

ANI, “Several districts are likely to receive extremely heavy rainfall in the next 2 days. In the next 24 hours, heavy rainfall is likely in North Odisha districts and other districts.

MUMBAI : The Securities and Exchange Board of India (Sebi) on Wednesday deferred the implementation of its “fit and proper" person criteria for intermediaries, informing the Bombay High Court that it will not insist on compliance till 30 August. Sebi had given the intermediaries time till 2 August to comply with the circular.

NEW DELHI : Morgan Stanley on Wednesday said it expects India’s retail inflation to leap to 6.2% at the end of the quarter ending September, against its previous forecast of 5.5%, due to higher prices of food. However, the consumer price index (CPI) is expected to moderate to 5-6% in the second half of FY24. The investment bank said despite its core inflation forecast for India remaining unchanged, it maintains the base case of a shallow rate cut cycle from Jan-March 2024.

NEW DELHI : There should be no hate speech or violence at a series of protests planned by the Vishwa Hindu Parishad (VHP) in Delhi and the national capital region (NCR) to protest against the sectarian violence over the past few days in Haryana’s Nuh district, the Supreme Court told the Centre, Haryana, Uttar Pradesh and Delhi on Wednesday. It was responding to an urgent application fby one Shaheen Adbullah in a pending matter, also filed by him, to curb instances of hate speech across the country.

CNN. In the pro-junta rallies, many people were holding Russian flags, and anti-French slogans were raised. According to BBC, a Niger businessman proudly wore an outfit in the colors of the Russian flag.

Are we back in 2011 or what?

weather forecast, further stressed that the some places in the state are likely to receive extremely heavy rainfall (more than 204.4mm rainfall) on August 3. The IMD added the East Madhya Pradesh is likely to get extremely heavy rainfall on Wednesday as well. Sounding the red alert for Madhya Pradesh, the Meteorological Department warned of localised flooding due to heavy rainfall at various places across the state.

New Delhi: The Rajya Sabha on Wednesday passed the Forest (Conservation) Amendment Bill, which will exempt land within 100 km of the country's border, that is needed for national security projects, small roadside amenities, and public roads leading to habitation, from the purview of the forest conservation laws. It also exempts land up to 10 ha, proposed to be used for constructing security-related infrastructure, or the land proposed to be used for constructing defence-related projects, camps for paramilitary forces, or public utility projects as specified by the central government not exceeding five hectares in left-wing extremism affected area, from conservation laws.

inflation is getting tougher. While concerns over the monsoon seem to dispel, food inflation might yet remain high. The RBI has recently said that the fight is far from over and monetary policy has to stay the course to align inflation with the target in this last leg of a strenuous journey. India's retail inflation rate is likely to breach the central bank's 6% tolerance ceiling again due to sticky pulses and cereal prices even as vegetable price pressures ease, pushing policymakers to raise inflation target in August meeting, Nomura has said in a report. Factors other than the monsoon have been increasingly shaping food inflation. A case in point is the 6%+ inflation print in three of the past four normal monsoon years, argues a Crisil report. Monsoon has been normal/above-normal at an all-India level over the past four years. Predictably, foodgrain production has risen in these years. Even then, food inflation, as measured by CPI, remained above 6% in three of these four years. The southwest monsoon started with a delay and stayed in deficit in June. However, it caught up well in July, and currently stands at normal (4% above long-period average, or LPA) as of August 1.

Jonathan Schiessl, Deputy CIO, Westminster Asset Management, says “while there is a risk in the short term of flighty capital moving out of India to lock in some of those gains. But anything more than short term, India still looks fairly well positioned because of these other factors that are at play and are leading to longer-term factors.”Do you think that market was just overheated and looking for an excuse for a correction and that is what is playing out today or could there be a bigger worry that market should not just completely rub off?I would agree that markets have done incredibly well.