Extreme Financial News

By Fergal Smith

International Monetary Fund (IMF) bumped up India’s growth forecast for FY24, citing strong domestic investment while cautioning that the global economy is not “out of the woods” yet and that the world’s battle against inflation is far from over. The multilateral lender expects India to clock 6.1% growth in FY24, up from 5.9% estimated in April.

New Delhi: Extremely heavy rainfall will likely continue over Telangana and Andhra Pradesh till Thursday as a well-marked low-pressure area over westcentral and adjoining northwest Bay of Bengal off north Andhra Pradesh-south Odisha coasts is likely to concentrate into a depression in the next 24 hours, India Meteorological Department (IMD) said. As the depression is expected to move slowly northwestwards across north Andhra Pradesh-south Odisha coasts and the western end of the monsoon trough may shift further northwards over the next two-three days, very heavy rainfall is seen in Rayalaseema, Kerala and Mahe of Puducherry tonight and over Karnataka until Friday.

(Reuters) — PulteGroup Inc (NYSE:PHM) beat Wall Street estimates for second-quarter profit and revenue on Tuesday, as strong demand for affordable housing and tight resale inventory boosted new home sales.

market reaching all-time highs. In March, when the Sensex was down around 10% from its previous all-time high, I thought there is more decline coming. After all, there were several headwinds that it had run into.

Investing.com-- Oil prices rose slightly in Asian trade on Tuesday, sticking to three-month highs as signs of tighter supply and expectations of more Chinese stimulus helped offset uncertainty over an upcoming Federal Reserve meeting.

«I think a lot of market participants were anticipating this part of the news and therefore I think once the news is probably out we are seeing some element of profit booking happening on that counter,» says Mayuresh Joshi, William O'Neil India.Just want to discuss ITC with you and how is it that you are looking at the hotels demerger news? It was well known in the market, we reported it as well that something like this was in the offing and now the way the Street is actually reacting to this particular news almost like a sell on news kind of story? Absolutely. I think a lot of market participants were anticipating this part of the news and therefore I think once the news is probably out we are seeing some element of profit booking happening on that counter.

India last week suspended exports of non-basmati varieties of rice after heavy monsoon rainfall damaged newly planted crops due to be harvested in winter. With rice retail prices up 3% in the past month and 11.5% over the past year, the government hopes to quell food inflation by reserving more grain for the domestic market. It’s not the only crop that’s in crisis.

Rihanna stunned her fans when she entered her favorite restaurant Georgio Baldi, in Los Angeles and flaunted her baby bump. Wearing a crop top, a pair of light denim jeans, and a floor-length coat, she proudly showcased her growing baby bump. Her one-year-old son was in her arms as she went to Santa Monica’s Italian hotspot. The singer started dating rapper A$AP Rocky in 2020 and announced the first pregnancy in January 2022. Rihanna welcomed her first child RZA in May in the same year. Earlier, Rihanna, surprised her fans when she announced her second pregnancy during her Super Bowl halftime performance in February this year. The singer earlier said that motherhood changes her life. Rihanna is considered one of the most important singers of the 21st century. She first sang with Def Jam in 2005, and soon she came out with two albums and became an instant hit with these albums. ‘Music of The Sun’ and ‘A Girl Like Me’ were influenced by Caribbean music and they became extremely popular in America. Both of the albums reached the top ten of the Billboard 200 chart. Her third album ‘Good Girl Gone Bad’ came in 2007 and it established Rihanna as a major icon in the industry. She received her first Grammy Award for ‘Umbrella’. She is the second most popular female artist of all time with a total sale of 250 million records. She has worked with artists like Kanye West, Jay Z, Ne-Yo, Shakira, Eminem, and Drake. She has 14 number-one singles, 32 top-ten singles in the U.S., and 31 top-ten singles in the UK to her credit.

Spain is in political disarray after elections left no party with a clear path to forming a government

policeman in the city of Marseille sparked new controversy Monday weeks after violent riots, with a call from police chiefs for the officer to be freed prompting fury on the left and concern within the judiciary.France was rocked by over a week of riots that began last month over the killing of 17-year-old Nahel M. by a policeman during a traffic check outside Paris. The officer has been charged and jailed ahead of trial.

Supreme Court on Monday rejected the West Bengal government plea as it refused to interfere with Calcutta High Court order directing a probe by the National Investigation Agency (NIA) into the incidents of violence that took place in the state during Ram Navami celebration. During the hearing, Solicitor General Tushar Mehta apprised the top court that out of six FIR registered in the matter two FIR deal with explosive substances act.

Greece on Saturday faced its hottest July weekend in 50 years, with temperatures forecast to soar above 40 Celsius (104 Fahrenheit), while a record-breaking heat wave stretching across the southern United States was expected to expand in the coming days. Over the past 24 hours, 162 fires have been reported across Greece amid high winds and extreme heat. The Greek Coast Guard, which led efforts to rescue tourists and locals from Rhodes, also helped evacuate 59 people from a beach in northern Corfu last night as another blaze threatened.

mutual fund schemes using technology and other interventions with the aim of helping capital formation in the economy, she said. Such interventions have accrued in monetary benefits of ₹3,500 crore for the investor community on an annual basis, she added.

Abneesh Roy, ED, Nuvama Institutional Equities, “in Q1 also, we expect almost 9% volume growth in cigarette business, which is ahead of most of the other staple companies. For example, HUL, which is a staples company, saw just 3% volume growth. A cigarette company going at 9% is because of the rational tax policy.

New Delhi: The India Meteorological Department (IMD) has forecast very heavy rainfall of 115.6 to 204.4 mm in Himachal Pradesh and Uttarakhand on Wednesday and Thursday. The two states have been issued an orange alert. During 1 June-23 July, northwest India received 40% above-normal rainfall at 318.8 mm.

Shashi Tharoor on Monday accused the BJP of «misusing» the tragic suffering of women in the «Manipur horror story» to promote «whataboutery» by citing attacks on women in Opposition-ruled states. The BJP has been raising the incidents of atrocities against women in West Bengal, Rajasthan and Bihar and questioning the «silence» of the opposition, which has termed it as a diversionary tactic to avoid debate on the situation in violence-hit Manipur.

climate change, many countries in the world, including Singapore, are seeing rising temperatures, the Ministry of Sustainability and the Environment and the National Environment Agency said in a release, “It is therefore important for members of the public to adapt." Singapore — located close to the equator with average monthly maximum temperatures of 31-32C (88-90F) — recorded its hottest day in four decades in May with a reading of 37 C. The government has warned of worsening air quality and said the upcoming haze season may be the hottest and driest since September 2019.

Andrew Forrest has lost a key lieutenant who served in fix-it roles and executive positions within his business empire for almost a decade, rising to chief financial officer at clean energy arm Fortescue Future Industries.

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