Lowe's Financial News

With pandemic-related shipping problems in the rearview mirror, major U.S.

It was a modestly trending day for the NIFTY as it initially struggled but managed to end the day with modest gains. It was the Banknifty that had a strong uptrend throughout the day.

Market expert Mahantesh Sabarad says: “Along with credit growth, one has to be a little careful because the banks have actually reached the bottom of the NPA cycle. NPA will start reviving. But to my mind whenever banks grow strongly, when it comes to credit growth, much of the evils linked to NPA worries or NPAs are forgotten because suddenly a high amount of credit growth adds to the book value for any bank.”What are the pockets of undervaluation right now in the markets? Any opportunities that you are scouting or spotting right now?Actually healthcare and particularly on the hospital side, while the existing listed companies are tending to be a little overvalued, immense growth potential exists and that growth is coming from private equity to large hospital operators situated abroad to even certain local hospital networks.

Liquid Inc., the company responsible for Japan's widely recognized eKYC solution «LIQUID eKYC,» announced a strategic partnership with Binance, the world's largest cryptocurrency exchange by trading volume and users, on August 10, 2023.

Australia’s largest discount variety retailer, The Reject Shop, has reinstated dividend payments and intends to undertake a further on-market share buyback of up to $10 million, after posting higher sales and profit.

A year ago, Chair Jerome Powell warned that to fight high inflation, the Federal Reserve would continue to sharply raise interest rates, bringing “some pain” in the form of job losses and weaker economic growth

A French company that has been blamed for contaminating drinking water in some New Hampshire communities with a group of chemicals known as PFAS says it plans to close its plant there and will work with the state on an ongoing environmental investigation

Record-breaking oil production in New Mexico is likely to provide state government with a new multibillion-dollar surplus during the upcoming budget year

The Future Fund has doubled to $1 billion its exposure to domestic corporate debt over the past year, as returns on offer in the at-times risky asset class hit their highest level in 15 years.

PlayStation has revealed details about its wireless earbuds, the PlayStation Pulse Explore. Though the parent company, Sony, has made earbuds in the past like the ones called WF1000XM4, Pulse Explore is the first set of earbuds under the brand PlayStation.

foldable smartphones registered 150,000-plus pre-orders. “This gave us almost ₹1,500 crore with pre-booking of our latest foldable smartphones…this meant a growth of 1.5x in the number of units we sold in pre-booking this year, over last year’s foldable phone sales," Pullan added. The year 2023 is also the first time when both of Samsung’s most recent generation foldable smartphones were manufactured at the company’s Noida assembly plant.

NEW DELHI : Amid rising demand, the Union ministry of power on Wednesday directed imported coal-based (ICB) power plants to operate at full capacity till the end of October.The original directive on this was issued in February when ICB plants were asked to run at full capacity till 15 June. This was extended till September.

internet of things, and biotechnology, among others. For India, a country that is resource-crunched, the role technology will play will be very significant. India’s potential to lead the fourth industrial revolution is underpinned by several factors.

BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange rate fluctuations. Luiz Inacio Lula da Silva made the proposal at a BRICS summit in Johannesburg. Officials and economists have pointed out the difficulties involved in such a project, given the economic, political and geographic disparities between Brazil, Russia, India, China and South Africa.

OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, agreed a broad deal in early June to curtail supplies until the end of 2024. Saudi Arabia at the time announced the additional voluntary cut which brought its oil production to a multi-year low of 9 million bpd. Earlier this month, Riyadh extended the voluntary cut into September, with the energy ministry saying that it could be «extended, or extended and deepened». «We think Saudi Arabia will extend the cut in full at least through October,» Richard Bronze, analyst at consultancy Energy Aspects said. «The kingdom is adopting a cautious approach after the weakness in oil markets over the first half of the year and will want to see global inventories significantly decline before starting to unwind the additional voluntary cuts,» he added. The Saudi energy ministry did not immediately respond to a request for comment. Brent oil prices in July were up 14% on the previous month, the biggest monthly increase since January 2022.

(Reuters) -Peloton Interactive said it expects to burn cash in the next two quarters due to costs related to bike recall and other expenses, delaying return to a positive cash flow and sending its shares to a record low.

By Safiyah Riddle

New Delhi: The power ministry has directed imported coal-based power plants to operate at full capacity till 31 October, due to rising power demand. This directive was issued in February of this year, with an initial deadline of 15 June, which was later extended until September. This extension comes against the backdrop of the peak power demand in the country hitting fresh record highs this month.

By Rachel Savage

startups and investors in the spacetech sector had top management and staff huddle together and cheer India’s Chandrayaan-3 mission as the country’s national space agency, Indian Space Research Organisation (ISRO), landed its rover Vikram on the moon. India is the first country to achieve a south-pole landing on the moon. “India is on the moon! A true testament of ISROs capabilities and India as a builder of technology for the world and beyond. A pivotal moment for India and its next phase of space odyssey and helping humanity,” Speciale Invest managing partner Vishesh Rajaram told ET. Rajaram added that the soft landing was an inspirational moment for the deeptech- and spacetech-focussed venture capital firm as well as other young startups in the space, to build from India for the world. Pixxel founder and CEO Awais Ahmed took to Twitter to share a video of his team cheering on. “This marks a pivotal moment for both the Indian Space ecosystem and the global space community.

If the world ever stood a chance at landing on and... moreIf the world ever stood a chance at landing on and exploring Moon’s south pole, it is now.