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Joe Biden to step out of the U.S. presidential election race, mounting expectations of a September Fed rate cut, Q2 earnings, an ECB meeting and Britain's king unveiling the legislative programme of the new Labour Government. Don't race off for that summer break just yet.

Shares of Raymond surged 5% to ₹2,001 on the NSE on Thursday after the demerger of its lifestyle business took effect. The company had set Thursday as the record date for the demerger. The demerged entity, Raymond Lifestyle, is expected to be listed separately in a month or two, according to analysts. As part of the group restructuring process, Raymond demerged its lifestyle business into a separate company. Raymond shareholders will receive four equity shares of Raymond Lifestyle for every five shares held in Raymond.

Two years ago, tough economic conditions and geopolitics weakened financial markets, but 2023’s rebound has helped global net wealth rise, according to Boston Consulting Group.

Coaches of an express train running between Nashik district and Mumbai got uncoupled at Kasara in neighbouring Thane on Saturday morning, in which no passenger was hurt, a railway official said. The train resumed its journey after 40 minutes when the coaches were re-attached, he said. The Panchavati Express train that began its journey from Manmad junction in Nashik district and was on its way to Mumbai, got uncoupled at Kasara railway station, about 128 km from Mumbai, Central Railway's chief public relations officer Swapnil Nila said. The incident occurred when the train was moving out of the Kasara station around 8.40 am, he said. «The train was uncoupled between coach number four and five. We will check why the coaches got uncoupled,» he said.

MUMBAI : Temasek, the private equity (PE) arm of the Singapore government, is the front runner to acquire significant minority stake in Tynor Orthotics, a Mohali, Punjab-based medical equipment maker, according to three people with knowledge of the development. The manufacturer and exporter of orthopaedic and fracture aids, which is backed by consumer-focused PE firm Lighthouse Funds, is being valued at ₹3,000 crore, three people with knowledge of the development said. “The final bids have come in and Temasek is the front runner," the first person cited above said on condition of anonymity, adding that the other bidders who made it to the final round include global PE firms Warburg Pincus and Norwest Venture Partners.

Owning an ultrarare Scotch whisky, like the Macallan Fine & Rare 1961 that sold for $32,500 at Bonhams in February, is out of reach for the average tippler. But that doesn’t mean spirits collecting is only for the wealthy. Demand for fine, or luxury, spirits has leapt over the past several years, led by tequila and American whiskey/bourbon.

Drivers for ride-hailing companies in Massachusetts are pushing ahead with what they describe as a first-of-its-kind ballot question that could win them union rights if approved by voters

mutual funds and the prevailing conditions in the stock market. According to the Sebi mandate, the large cap mutual funds are mandated to invest in top 100 companies by market capitalisation. Large companies fare better in a volatile market as these companies may be market leaders and resilient to downturns. That is why if you are looking for a relatively safer mutual fund category, you should consider investing in large cap funds.

The journey of 10,000 points was skewed by a handful of stocks — five out of the 30 stocks contributed over half or 5,646 points while the top two contributors added nearly one-third to the rally.

BJP and its government at the Centre are playing with the life of Delhi Chief Minister Arvind Kejriwal who has lost 8.5 kg and whose blood sugar level dropped below 50 mg/dL five times while in jail, AAP Rajya Sabha member Sanjay Singh claimed on Saturday. There was no immediate reaction from the BJP on his claims. «His health condition is such that if he is not brought out of jail soon and provided medical care, any serious incident may happen with him,» Singh said at a press conference. He said Kejriwal's weight was 70 kg when he was arrested by the Enforcement Directorate (ED) on March 21 in the excise policy-linked money laundering case. Now, his weight has reduced to 61.5 kg, he claimed.

Shein said it would invest 250 million euros ($271 million) over five years in the UK and Europe as the company battles criticism of its model based around flying cheap clothes and accessories from factories in China direct to shoppers worldwide. Shein, which is preparing for a possible London listing, already sources some clothes from factories in Turkey, although the vast majority of its products are made by around 5,400 suppliers mainly in Guangzhou, China.

Turkish authorities say a propane tank explosion at a restaurant in the western city of Izmir has left five people dead and 63 others injured

Voters in the U.K. are casting their ballots in a national election to choose the 650 lawmakers who will sit in Parliament for the next five years

Budget 2024: Ahead of the Union Budget presentation, Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday met Union Finance Minister Nirmala Sitharaman, pressing for enhanced financial support to the debt-burdened state. Sources said Naidu, during the meeting in North Block, highlighted various ongoing projects in Andhra Pradesh that require urgent central assistance. «The CM presented a detailed memorandum outlining the state's financial requirements and the rationale behind the demand for increased allocation,» the sources added. TDP ministers in the Centre were present during the meeting.

Vedanta Ltd is likely to hit the market in the next couple of weeks to raise money through a qualified institutional placement (QIP) route, sources aware of the development said. The move aims to reduce debt and fulfil certain capital expenditure obligations. Earlier in May, the board of the natural resources major had approved fund raising of up to ₹8,500 crore, which then got shareholder approval in June. The company could, however, raise a lower amount of around ₹6,000 crore, the people said. A final decision on the quantum of the share issue has yet to be taken.

shipbuilding and repair policy under the 100-day action plan, a top government official said on Thursday. Maritime India Vision 2030 (MIV 2030) aims to move India's shipbuilding and ship repair ranking into the top 10 globally while Amrit Kaal Vision 2047 sets an even more ambitious goal of reaching the top five. «The MoPSW (Ministry of Ports, Shipping, and Waterways) is steadfast in its commitment to revitalise the shipbuilding and repair industry in India.

Al-Nuseirat in central Gaza on Saturday, the territory's health ministry and the official Palestinian news agency said. The Israeli military said it was looking into the report. The health ministry said the attack on the school killed at least 16 people and wounded more than 50.

Rahul Gandhi will visit Ahmedabad city in Gujarat on Saturday, where he will address party workers, a party leader said. Gandhi will also meet the family members of those who lost their lives in various tragedies in Gujarat in the recent past, including the Rajkot game zone fire, the boat capsize incident in Vadodara and Morbi bridge collapse. The Leader of Opposition in the Lok Sabha is visiting Gujarat days after BJP and Congress workers clashed outside the Gujarat Pradesh Congress Committee (GPCC) office here over alleged anti-Hindu remarks made by Gandhi in the Lok Sabha. Following the clash, complaints were lodged against each other by both the sides and FIRs were registered, leading to the arrest of five Congress workers. Talking to reporters on Friday, Gujarat Congress president Shaktisinh Gohil said Gandhi will also meet the family members of those five Congress workers who are currently in police custody. «Rahul Gandhi will arrive at the GPCC office here around 12.30 pm. During his visit, he will meet and address party workers. He will also meet the kin of the victims who lost their lives in the Rajkot game zone fire and other such tragedies. He will also interact with the family members of those party workers who were arrested by the police after the clash,» he said.

India looking to win the T20I series, Zimbabwe would hope to dig deep into their experience and keep it alive as both teams gear up to square off against each other in the 4th T20I on Saturday. It will be a T20I fest on Saturday and Sunday, with India and Zimbabwe competing at the Harare Sports Club for the final two T20Is of the five-match series. The Shubman Gill-led side stepped into the first T20I, banking on youth and talent rather than experience.

Medical officials in Houston say widespread power outages caused by Hurricane Beryl have flooded area hospitals with patients seeking treatment for heat-related illnesses and carbon monoxide poisoning due to using home generators improperly

There’s a common misconception that Indigenous people in Canada simply don’t pay tax, but that’s generally not true since in order to be exempt from tax, the income earned must be situated on a reserve.