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Bank's next interest rate cut is still a relatively easy decision, but subsequent moves should only come once inflation is clearly heading towards the 2% target, ECB policymaker Pierre Wunsch said in an interview. The ECB cut rates in early June but made no commitment about any further moves, arguing inflation was still too high and it lacked the confidence that 2% was within reach.

Joe Biden on Tuesday announced a historic donation of air-defence equipment for Ukraine and said Russia is failing in this war. Welcoming leaders of NATO member countries for the historic summit on the occasion of its 75th anniversary, Biden said the United States, Germany, the Netherlands, Romania and Italy will provide Ukraine with the equipment for five additional strategic air-defence systems. In the coming months, the US and its partners intend to provide Ukraine with dozens of additional tactical air-defence systems, he said, adding that the US will make sure that when «we export critical air-defence interceptors, Ukraine goes to the front of the line». «They will get this assistance before anyone else gets it. All told, Ukraine will receive hundreds of additional interceptors over the next year, helping protect Ukrainian cities against Russian missile and Ukrainian troops facing air attacks on their front lines,» Biden said.

Big summer plans that call for big toys require generous towing limits

HCLTech, India's third largest software exporter, reported a 6.8% sequential growth in net profit at ₹4,257 crore, beating ET's analyst poll estimates of ₹3,745 crore. A fatter bottom-line came largely on the back of a spike in non-core income in the June quarter otherwise marked by sluggish demand. Revenues and margins declined sequentially. The company's EBIT came at ₹4,795 crore, down 4.4% QoQ & up 7.5% YoY.

In Monday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

In response to a nationwide crisis that has left more than 650,000 people without housing, 100 tiny home villages for the homeless have opened in the United States over the past five years

Three weeks after recommending investors sell five-year Treasuries, strategists at JPMorgan Chase & Co. say it’s time to pocket profits from the trade. 

₹50 crore) and potentially challenging India's largest corporations, or 'rulers', said Mukherjea. “Over the last 12 months, CCP underwent a significant increase in allocation to companies (from 10% previously to over 50% currently) which have seeded new business optionalities through capital allocation decisions over the last 3-5 years," according to Mukherjea’s May 2024 portfolio update.

China is known for its mega hydroelectric plants and giant thermal power projects not only on its land but in many other countries as well, it has set a record by switching on the world's largest solar plant, which has more than five million panels. According to the TCD, the government-controlled China Green Electricity Investment of Tianjin has switched on the 3.5 GW Midong PV farm in Urumqi, Xinjiang region. It is a subsidiary of China Green Development Group (CGDG). China Construction Eighth Engineering Division Corp and Power Construction Corporation of China (PowerChina) invested a massive amount of CNY 15.45 billion in this project. Also Read: Bando Stone & The New World: Here’s all we know about release date, trailer, plot and more

DLF Emporio, one of the country's largest luxury shopping destinations, recently concluded its luxury shopping festival in May to induce additional demand. Over a two week period, customers spent about ₹30 crore at the festival, largely led by fashion and jewellery purchases. Amit Pande, business head of The Collective & international brands at Aditya Birla Fashion and Retail Ltd., said June saw a recovery for the sector following the summer and general elections.

Experion Developers has acquired a 7.81-acre plot at Dwarka Expressway in Gurugram for Rs 400 crore to capitalise on the flourishing market for premium residential properties. It plans to invest an additional Rs 2,000 crore to build 3 million sq ft of luxury homes in the new land parcel. The wholly owned Indian subsidiary of Singapore's Experion Holdings Pte Ltd had in the last one-and-a-half years acquired five plots worth Rs 2,100 crore, mainly in Gurugram, where it is in the process of launching new projects. «The land is in Sector 88A Gurugram and we are expected to launch the project in this financial year. We are expecting Rs 3,700 crore revenue from the project,» said BK Malagi, COO at Experion Developers.

Currently, there are only five strong hybrid models available in the market, two of which are offered by Maruti Suzuki. Those models are also cross-badged by Toyota under different names. Honda City, meanwhile, is the only strong hybrid variant outside of the Toyota-Maruti arrangement. Strong hybrids are equipped with a combustion engine and an electric motor and they can either work together or independently based on driving conditions. During low-speed driving, the motor can power the car while the engine takes over during high-speed driving. This is unlike mild hybrid cars where the electric motor is not powerful enough to drive the car solely but provides intermittent bursts of energy when required. In the case of plug-in hybrids, the motor is the main power source while the combustion engine takes over when the battery discharges.

Hero MotoCorp, Bajaj said he would stop making scooters altogether. It was a tectonic shift for a company that built its name riding on scooters. At its peak, the company sold nearly a million scooters every year in the mid-1990s.

ED) Mumbai has provisionally attached assets worth Rs 14.02 crore of five accused under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA) in the case of an Income Tax Refund fraud of Rs. 263 crore. This includes one flat in Mumbai of Purushottam Chavan, land parcels in Lonavala and Khandala of Rajesh Batreja, balance in Anirudh Gandhi's company bank A/c, insurance policies of accused Rajesh Shetty and Bhushan Anant Patil and fixed deposits totalling to Rs. 14.02 crore, the ED said in a release on Friday. According to officials, ED initiated an investigation on the basis of an FIR registered by CBI under various sections of the IPC, 1860 and of Prevention of Corruption Act, 1988 against Tanaji Mandal Adhikari and others for fraudulently generating and issuance of TDS refunds from the Income Tax Department to the tune of Rs. 263.95 Crore.

Amazon Prime Day sale, running from July 20 to July 21, promises low prices on some of Amazfit’s best-selling models. Here are some of the great discounts available on Amazefit watches: The Amazfit Active smartwatch is equipped with Bluetooth calling. This smartwatch offers a multitude of fitness and health features along with built-in Alexa and navigation.

Central Consumer Protection Authority (CCPA) has ordered online travel agency Yatra to speed up pending refunds for flight cancellations during the COVID-19 lockdown, the consumer affairs ministry said on Tuesday. In its June 27 order, the CCPA directed Yatra to establish five dedicated seats at the National Consumer Helpline to contact remaining passengers about their pending refunds. The company will bear the costs of this arrangement. This action follows a 2020 Supreme Court ruling mandating immediate refunds for tickets booked during the lockdown period. The CCPA initiated suo-moto action against Yatra following numerous grievances lodged through the National Consumer Helpline regarding non-refund of cancelled air tickets.

According to the community, Mememagic’s upcoming token sale will release 10 billion Mememagic (MMMG) tokens for public sale, aiming to establish an open, decentralized, community-driven economy. The token sale, set to commence on June 27th at 08:00 UTC, has the primary objective of achieving an appropriate price for the MMMG token and showcasing its real-world functionality.

PTI quoted an ICC board member as saying.Pakistan will host the ICC event from 19 February to 9 March, while 10 March has been kept as a reserve day for the final ICC event.With details pouring in, India has been placed in Group A with Pakistan, Bangladesh, and New Zealand, while Australia, South Africa, England, and Afghanistan are in Group B.Earlier, PCB chairman Mohsin Naqvi – invited to watch the T20 World Cup final in Barbados – had submitted a 15-match schedule with all of India's games kept in Lahore for security and logistical reasons, added the PTI report."The PCB has submitted the draft of the 15-match ICC Champions Trophy. Seven games in Lahore, three in Karachi and five in Rawalpindi," PTI's ICC source said."The opening match will be held in Karachi with two semifinals in Karachi and Rawalpindi, final in Lahore.

housing sales have resulted in decline of unsold inventory and average residential prices to soar by 49% between H1 2019 and H1 2024 in Delhi and Mumbai. NCR recorded a 49% five-yearly jump in average residential prices from Rs 4,565 per sq. ft. to Rs 6,800 per sq. ft. In MMR, average residential prices appreciated 48% in the period – from Rs 10,610 per sq. ft. in H1 2019 to Rs 15,650 per sq. ft. in H1 2024.

DÜSSELDORF , GERMANY : Three weeks into its campaign at this European Championship, England’s national soccer team has come to a jarring realization: Whatever approach it had designed here wasn’t working. The Three Lions have barely scored, have created next to no chances, and have a nasty tendency to keep falling behind. And yet, as heavyweights such as Germany, Italy, and Portugal all went home, England has stuck around.

Indiabulls Housing Finance has changed its name to Sammaan Capital following the receipt of Certificate of Incorporation from the Registrar of Companies (RoC) and Certificate of Registration as an NBFC-ICC (Investment and Credit Company) from the Reserve Bank of India. The company will soon be submitting requisite applications with the stock exchanges for effecting change of name and trading in the shares of the company in its new name and a new symbol, the NBFC said in a regulatory filing. “Strategically, our business will continue to be retail-focused built on the two loan products of affordable home loans and mortgage-backed loans to micro, medium and small businesses. We will pursue AUM growth in an asset-light model, working as an origination-engine to source loans in co-lending and sell-down partnerships with banks and financial institutions,” the company said.