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Penn Mutual Asset Management CIO Mark Heppenstall joins ‘Mornings with Maria’ with his perspective on several U.S. economy headlines.

spatial distribution has led to higher acreage under Kharif, or summer, crops compared to last year, and reservoir levels have also risen, all of which bode well for curbing elevated and sticky food prices. Remember, adverse weather conditions had led to a month-on-month (m-o-m) spike in vegetable prices over the past two months. However, in July, inflation measured by the headline consumer price index eased to 3.54%, with food inflation falling to 5.1%, though this was largely due to a favourable base.

Mint. Interestingly, the compensation of women independent directors has doubled in these five fiscal years, while their male counterparts have seen a 1.7x increase in the same timeframe.

₹10,000 per month in 2022-23 (at constant 2011-12 prices). Casual wage labour, the worst form of employment, fetched only ₹4,500 per month.

dollar steadied on Thursday as it nursed some of its steep losses from previous sessions, with traders looking ahead to a key U.S. inflation reading at the end of the week that could offer further clues on the outlook for rates there. Friday's release of the core personal consumption expenditures (PCE) price index — the Federal Reserve's preferred measure of inflation — headlines a week that's otherwise been lacking on major market moving data, leaving currencies mostly rangebound.

Indian economy has remained resilient but the outlook seems softer due to moderation in a couple of high-frequency indicators, according to the Monthly Economic Review for August. The review was released by the National Council of Applied Economic Research (NCAER). The report said bank credit growth of scheduled commercial banks (both food and non-food) moderated in June 2024. Personal loan credit growth and bank credit for the services sector has decelerated, it added.

Telegram founder & CEO Pavel Durov has hit the headlines for the wrong reasons. The billionaire was detained by the French police after his private jet arrived at Le Bourget Airport on Saturday evening. The entrepreneur was arrested after Telegram users filed complaints regarding the lack of moderators on the app.

PlayStation 5, Xbox X/S and PC gamers will have video games to play in the upcoming week. August will end in a positive note for gamers as two video games — "Star Wars Outlaws", and "Visions of Mana" Luke Skywalker may get the headlines, but the true MVPs of the Star Wars franchise are rascals like Han Solo and Lando Calrissian. Ubisoft's «Star Wars Outlaws» introduces a new scoundrel: Kay Vess, a young thief who’s trying to work her way up the galaxy’s crime syndicates and make the big score. She isn’t a Jedi or a Sith, but she knows how to fire a blaster and fly a spaceship. «Star Wars Outlaws» comes from Massive Entertainment, the developers of Tom Clancy’s The Division, and it aims to spread Ubisoft’s brand of open-world adventure across multiple planets.

US Presidential Elections 2024 is turning out to be a major political battle between Kamala Harris and Donald Trump, even though the latter was in the race much longer the reigning VP was. Trump's aura in this current US elections campaign has been much more dominant and brutal than the Democrats, something that has been the reason of Biden pulling out of the poll race midway.

Nari Hira, the founder and editor of Stardust Magazine, passed away on August 23 at age 86. Known as a significant figure in the Indian media industry, Hira pioneered in publishing popular magazines and ventured into film production, leaving a lasting impact on the media landscape. Hira's family expressed their deep sorrow in a statement, «It is with deep sorrow that we share the news of his passing, a pioneer in print media, a family man and father beyond compare, he leaves us behind heartbroken in his absence.» Born in 1938 in modern-day Karachi, Hira and his family moved to Mumbai following the partition in 1947. He started his career as a journalist in the 1960s but shifted focus to publishing, where he earned the moniker 'King of Indian Magazines.'

Pop star Dua Lipa, who is set to headline the second edition of the Zomato Feeding India Concert in November, says she is looking forward to returning to the country after she rang in the new year here. The Grammy winner, known for songs such as «Levitating», «Houdini», and «Dance The Night», shared a post on Instagram expressing her excitement for the upcoming show. «India, I'm coming back!!! My trip at the start of this year was a beautiful reminder of how much I love this place. »The warmth and energy I felt from everyone I met there was amazing, and I can't wait to see you again to perform in November!!!!" Lipa wrote on Saturday alongside a series of pictures from her previous India visit and the announcement poster of the concert.

This discovery, unearthed by Hansons Auctioneers in Lichfield, Staffordshire, captures poignant moments from the immediate aftermath of the tragedy that claimed over 1,500 lives. The Daily Mirror's front page from that day features a headline declaring, “One of the thousands of tragedies which made the Titanic wreck the most horrible in the world’s history.” Accompanying this are images of two women in Southampton – the departure port of the ill-fated ship – anxiously awaiting news of survivors. RMS Titanic, hailed as the largest and “unsinkable” passenger ship at the time, sank on April 14, 1912, after striking an iceberg in the North Atlantic. The disaster unfolded swiftly, with the ship going under in less than three hours, revealing a tragic shortfall in lifeboats for the approximately 2,220 people on board.

Kennedy Jr. has not been so much in the headlines as Kamala Harris and Donald Trump over the course of the past few weeks, but this latest stance of his, has made him the biggest headline of the United States. There are strong rumors that RFK Jr. would be dropping out of the upcoming US Presidential polls 2024, and could be allying with either Donald Trump or Kamala Harris, for a possible partnership and support.

India's flexible inflation targeting has been a useful tool to deal with unexpected shocks of various kinds, said Jayanth Varma, the Monetary Policy Committee's (MPC) consistent dissenter who attended his last meeting as an external member in August. Since his first meeting at the Reserve Bank of India's rate-setting panel four years ago, Varma's view on interest rates and monetary policy stance has diverged from the consensus opinion. At a time of accommodative monetary policy after the pandemic outbreak, Varma had argued for normalizing the policy stance.

Canara Bank has entered the Nifty Bank index at the cost of Bandhan Bank as part of the semi-annual rejig. Canara Bank's average free-float market capitalisation stood at Rs 38,973 crore over six months as against Bandhan Bank's Rs 15,945 crore. With its inclusion, Canara Bank is expected to receive flows of $ 84 million whereas Bandhan Bank might witness outflows of $ 47 million, according to a note from JM Financial.

target for monetary policy rather than switching to core inflation, external members of the central bank's rate panel told Reuters. A suggestion was made in the government's official annual economic report last month to target inflation excluding volatile food prices, which are driven more by supply shortages. The idea has ignited a debate in India over the appropriate target for monetary policy. India adopted the inflation targeting framework in 2016, setting a 4% headline inflation target for the central bank's rate setting panel.

Shares of Tata Technologies today surged 4.5% to its day’s high of Rs 1,054 on BSE after the company reportedly saw a block deal worth Rs 1,218 crore, representing 2.9% of the company's total equity. Nearly 1.2 crore shares changed hands at an average price of Rs 1,019.8 per share, according to reports.

Check out the companies making headlines after the bell: 

US election 2024 race was by and large headlined by Republican Donald Trump, President Joe Biden and Vice-President and Democratic Presidential nominee Kamala Harris. However, Independent Presidential candidate Robert F. Kennedy Jr has suddenly hogged all the limelight. Robert F. Kennedy Jr. is expected to drop out of the race for the White House, US media reported on Wednesday, with the independent candidate due to make a major address later in the week. However, Robert F. Kennedy Jr.'s campaign said on Wednesday that he would address the nation on Friday in Arizona, where he will talk about «the present historical moment and his path forward.» Kennedy is planning to drop out of the election and endorse Trump, but that hinges on whether the Republican offers Kennedy «and others» a position in the White House if elected, Larry Sharpe, outreach director with American Values 2024, told Reuters.

Jill Biden at the 2024 Democratic National Convention in Chicago garnered attention for her footwear selection. Biden arrived at the conference on Monday wearing a stunning pair of pointed footwear that soon became the center of attention, as per the reports of Yahoo entertainment. Ralph Lauren's sparkling blue minidress, which Jill Biden wore with a statement pair of silver shoes, was the talk of the occasion. The sharp, triangular shape of these pumps stood out against the blue color of her dress, highlighting her entire look. The heels are believed to be the Jimmy Choo Romy 85 Glitter Pumps, though this has not been formally confirmed. They are estimated to be between three and four inches tall. The coarse glitter fabric and leather construction of these shoes, which retail for about $825, give her entire ensemble a more sophisticated touch.

Monetary Policy Committee (MPC) meeting on Friday, highlighting that the headline inflation has seen upward movement in June to 5.1 per cent, as food inflation pressures increased and offset the impact of subdued core (CPI excluding food and fuel) inflation and deflation in the fuel group. On future indicators, the central bank said in its statement that headline inflation in July and Q2 of the current financial year are expected to be lower, given their base effect advantage; but with food inflation pressures showing little signs of abatement in the near-term, and household inflation expectations picking up, monetary policy has to remain vigilant to potential spillovers of food price pressures to the core components. «This is critical for the ‘last mile of disinflation’ and anchoring of inflation expectations. Food inflation may soften due to good monsoon, steady improvement in kharif sowing, rising reservoir levels and a likely favourable rabi season output. Uncertainty, however, comes from frequent recurrence of adverse weather events, resurgence of geo-political tensions and financial market volatility. Further, core inflation might just have bottomed out,» the statement read further.